TM Keen To Participate In SALAM Submarine Cable Network Project

KUALA LUMPUR, Aug 20 (Bernama) -- Telekom Malaysia Bhd (TM) is keen to participate in the Sambungan Kabel Dasar Laut MADANI (SALAM) project, said its group chief executive officer Datuk Amar Huzaimi Md Deris.

Gold Futures End Higher As US Treasury Buybacks Weigh On Yields

By Zufazlin Baharuddin

KUALA LUMPUR, Aug 20 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher as the US Treasury buyback plan lowered Treasury yields.

Vale To Maintain 20 Mln Tonnes Of Iron Ore Transshipment Through Malaysia

IPOH, Aug 20 (Bernama) -- Vale Malaysia Minerals Sdn Bhd aims to maintain its annual transshipment volume of approximately 20 million tonnes of iron ore from its Teluk Rubiah, Manjung distribution hub in Perak, driven by steady demand across the Asia-Pacific region.

Bursa Malaysia, FTSE Russell To Enhance FBM KLCI, FBM 70 Methodologies

KUALA LUMPUR, Aug 20 (Bernama) -- Bursa Malaysia Bhd and London Stock Exchange Group’s (LSEG) wholly owned business division FTSE Russell will collaborate to enhance the methodologies of the FTSE Bursa Malaysia KLCI (FBM KLCI) and FTSE Bursa Malaysia Mid 70 (FBM 70) indices, following a public consultation conducted earlier this year.

NexG Assesses Datasonic Technologies Value At RM7.5 Bln 

KUALA LUMPUR, Aug 20 (Bernama) -- NexG Bhd says its wholly owned subsidiary Datasonic Technologies Sdn Bhd (DTSB), which is the provider of the MyKad national identity card, is currently valued at RM7.5 billion following the government's request for an indicative price.

PM Orders Probe Into Khazanah Subsidiary, Seeks To Uncover Potential Financial Irregularities

KLANG, Aug 20 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim has ordered a comprehensive investigation into Xeraya Capital, a wholly owned subsidiary of Khazanah Nasional Bhd, to identify any potential financial irregularities.

IRDA, AmBank Group Convene CEO Roundtable To Drive JS-SEZ Manufacturing Growth

JOHOR BAHRU, Aug 20 (Bernama) -- The Iskandar Regional Development Authority (IRDA), in collaboration with AmBank Group has convened the Iskandar Malaysia CEO Roundtable Series 2026.

Ringgit Stays Bullish Vs US Dollar At Close As US Debt Weighs On Greenback

By Zufazlin Baharuddin

KUALA LUMPUR, Aug 20 (Bernama) -- The ringgit continued its bullish momentum to close higher against the US dollar on Thursday, as the US national debt, which surpassed US$40 trillion for the first time, weighed on the greenback.

Telekom Malaysia Posts Net Profit Of RM365.48 Mln In 2Q, Declares 7.0 Sen Dividend

KUALA LUMPUR, Aug 20 (Bernama) -- Telekom Malaysia Bhd (TM) posted a lower net profit of RM365.48 million for the second quarter ended June 30, 2026 (2Q 2026), compared with RM402.97 million in the corresponding quarter last year.

Khazanah Reaffirms Progress And Governance At 3Q 2026 Board Meeting

KUALA LUMPUR, Aug 20 (Bernama) -- Khazanah Nasional Bhd held its third Board of Directors meeting for 2026, chaired by Prime Minister Datuk Seri Anwar Ibrahim, today.

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.

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.