Economist Backs Hybrid SST, Calls For Input Tax Credit Mechanism

By K. Naveen Prabu

KUALA LUMPUR, Aug 20 (Bernama) -- An economist has backed the proposal for a hybrid sales and service tax (SST) system, saying the mechanism should incorporate input tax credits to reduce tax cascading.

Bursa Malaysia Ends Higher As Easing US Treasury Yields Boost Risk Appetite

KUALA LUMPUR, Aug 20 (Bernama) -- Bursa Malaysia ended higher on Thursday as easing US Treasury yields improved risk appetite following the US Treasury’s announcement of increased buyback operations, an analyst said.

Takaful Malaysia 2Q Net Profit Rises To RM88.83 Mln

KUALA LUMPUR, Aug 20 (Bernama) -- Syarikat Takaful Malaysia Keluarga Bhd (Takaful Malaysia) posted a higher net profit of RM88.83 million in the second quarter of 2026 (Q2 2026), up from RM83.82 million a year earlier, while revenue rose to RM1.16 billion from RM1.01 billion.

Malaysia To Review New Investment Applicants To Ensure Domestic Economy Benefits -- Anwar

KUALA LUMPUR, Aug 20 (Bernama) -- Malaysia will review new investment applicants to ensure their activities generate employment and economic benefits for the country, said Prime Minister Datuk Seri Anwar Ibrahim.

Malaysia Is First RCEP Country To Establish Business Advisory Council Network

KUALA LUMPUR, Aug 20 (Bernama) -- Malaysia has become the first Regional Comprehensive Economic Partnership (RCEP) participating country to establish a national RCEP Business Advisory Council (RBAC) Network.

Malaysia Seeks REE Investors To Share Technology, Develop Full Supply Chain - Johari

IPOH, Aug 20 (Bernama) -- Malaysia wants investors exploring rare earth element (REE) opportunities in the country to bring and share their technology and participate directly across the entire supply chain, from upstream to downstream activities.

Bursa Malaysia Stays Higher At Midday

KUALA LUMPUR, Aug 20 (Bernama) -- Bursa Malaysia remained higher at midday, in line with positive regional markets, amid improved global sentiment after the US Treasury announced it would at least double buyback sizes for long-term debt to curb rising yields.

Mary Kay Highlights Business Transformation, Digital Expansion

KUALA LUMPUR, Aug 20 (Bernama) -- Mary Kay Inc (Mary Kay) has announced a series of business milestones as part of its efforts to modernise its operations and strengthen digital engagement with consumers and its Independent Beauty Consultants.

Mah Sing Unit To Dispose Of Dengkil Land For RM618 Mln

KUALA LUMPUR, Aug 20 (Bernama) -- Mah Sing Group Bhd’s wholly owned subsidiary Southville City Sdn Bhd has entered into a conditional sale and purchase agreement with WG Malaysia X Sdn Bhd for the proposed disposal of 31.88 hectares of land in Dengkil, Selangor, worth RM617.86 million.

YTL Power International Shares Rise 4.09 Pct On DC Partnership Project

KUALA LUMPUR, Aug 20 (Bernama) --  YTL Power (YTLP) International Bhd's share price rose 4.09 per cent at mid-morning on Thursday, following its announcement of a strategic partnership with JLand Group on a data centre (DC) campus project in Johor.

Malaysia, Taiwan Trade Ties Remain Intact - APEX Securities

KUALA LUMPUR, Aug 20 (Bernama) — Malaysia’s bilateral trade relations with Taiwan are not expected to be materially affected by the latest development at this juncture, according to APEX Securities.

Petronas Chemicals' Shares Slid 2.66 Pct In Early Trade

KUALA LUMPUR, Aug 20 (Bernama) --  Petronas Chemicals Group Bhd's (PCG) share price slid 2.66 per cent in early trade on Thursday, despite announcing a higher net profit in the second quarter ended June 30, 2026 (2Q 2026), yesterday.