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Diesel Subsidy Savings Channelled Back Into Targeted Assistance Programmes - MOF

KUALA LUMPUR, July 23 (Bernama) -- Savings generated from the targeted diesel subsidy mechanism are not being retained solely as a fiscal surplus, but are instead utilised to strengthen targeted assistance programmes, according to the Ministry of Finance (MOF).

Strengthening Of Ringgit Reflects Strong Economic Fundamentals

KUALA LUMPUR, July 23 (Bernama) -- The strengthening of the ringgit to RM4.0905 on July 20, 2026, reflects strong economic fundamentals, supported by resilient export performance and a sustained trade surplus, according to the Ministry of Economy.

MBSB Group Divests 100 Pct Stake In MIDF Amanah Asset Management

KUALA LUMPUR, July 23 (Bernama) -- MBSB Bhd via its wholly owned subsidiary Malaysian Industrial Development Finance Bhd has divested its 100 per cent equity interest in MIDF Amanah Asset Management Bhd (MAAM) to Tortoise Works Sdn Bhd.

Westports Net Profit Rises To RM360.90 Mln In 2Q 2026, Declares 2.99 Sen Interim Dividend

KUALA LUMPUR, July 23 (Bernama) -- Westports Holdings Bhd’s net profit for the second quarter ended June 30, 2026 (2Q 2026) rose to RM360.90 million from RM231.63 million in the same quarter a year ago. 

Bursa Malaysia Edges Higher At Mid-day Amid Firmer Crude Oil Prices

KUALA LUMPUR, July 23 (Bernama) -- Bursa Malaysia closed marginally higher at mid-day in subdued market sentiment, with buying interspersed with selling in selected heavyweight stocks, tracking gains in regional markets amid surging crude oil prices.

Trinity Group, Hamilton Reserve Bank Facilitate Nevis IBC Formation, Banking Access

KUALA LUMPUR, July 23 (Bernama) -- Trinity Group has collaborated with Hamilton Reserve Bank to support international entrepreneurs and businesses seeking to establish a Nevis International Business Company (IBC), offering a streamlined pathway from company formation to international banking.

Velesto Edges Higher After Securing US$51 Mln Chevron Contract

KUALA LUMPUR, July 23 (Bernama) -- Velesto Energy Bhd’s share price inched up half-a-sen to 26.5 sen after securing a US$51 million (US$1=RM4.08) contract from Chevron Malaysia under the North Malay Basin Full Field Development Campaign. 

Bursa Malaysia Opens Higher On Global Tech Earnings Spillover

KUALA LUMPUR, July 23 (Bernama) -- Bursa Malaysia opened firmer on Thursday, tracking regional peers, as upbeat earnings from global technology (tech) companies spilt over to local tech stocks.

Sapangar Port Expansion Expected To Be Completed By October 2027

KOTA KINABALU, July 22 (Bernama) -- The Sapangar Bay Container Port (SBCP) expansion project has reached 62.75 per cent completion as of June and is now expected to be completed by October 2027 following delays caused by difficulty in securing sand supply that meets specifications.

World Bank To Continue Supporting Malaysia’s Digital Govt Agenda

PUTRAJAYA, July 22 (Bernama) -- The World Bank remains committed to supporting Malaysia as it advances its digital transformation agenda by sharing international experience, providing analytical support, facilitating knowledge exchange and working alongside the government to turn recommendations into action.

Bursa Malaysia Ends Lower Amid Profit-taking, Higher Oil Prices

By Karina Imran

KUALA LUMPUR, July 22 (Bernama) -- Bursa Malaysia closed lower on Wednesday as investors continued to take profit following the recent rally, while elevated crude oil prices and lingering geopolitical tensions in West Asia kept market sentiment cautious, said an analyst. 

CelcomDigi Launches Customer Rewards Campaign Offering RM20 Mln In Prizes

KUALA LUMPUR, July 22 (Bernama) -- CelcomDigi Bhd has launched a customer rewards campaign offering RM20 million worth of prizes as a token of appreciation to customers following its milestone of reaching 20 million customers.