IOI Corp Posts Higher Net Profit Of RM1.68 Bln In FY2026

KUALA LUMPUR, Aug 28 (Bernama) -- IOI Corporation Bhd’s (IOI Corp) net profit for the financial year ended June 30, 2026 (FY2026) rose to RM1.68 billion from RM1.52 billion a year earlier, mainly supported by higher profit from its resource-based manufacturing and plantation segments.

Axiata Posts Net Profit Of RM42.52 Mln In 2Q

KUALA LUMPUR, Aug 28 (Bernama) -- Axiata Group Bhd's net profit declined to RM42.52 million in the second quarter ended June 30, 2026 (2Q 2026), from RM270.81 million a year earlier.

CPO Futures Rebound To Close Higher On El Nino Concerns

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, Aug 28 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded to close higher on Friday, supported by expectations of weaker output in the medium term amid concerns over the El Nino weather pattern.

ZICO Trust Appoints Former PDRM Deputy IGP Mazlan Lazim As Chairman

KUALA LUMPUR, Aug 28 (Bernama) -- ZICO Trust (M) Bhd has appointed former Deputy Inspector General of Police (IGP) Tan Sri Mazlan Lazim as its chairman, effective Aug 14, 2026.

Gold Futures End Higher Despite Weaker COMEX Performance

KUALA LUMPUR, Aug 28 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed higher today, despite a weaker performance on the US Commodity Exchange (COMEX).

Govt Studies Proposals To Boost MSMEs Under Budget 2027 -- Amir Hamzah

KUALA LUMPUR, Aug 28 (Bernama) -- The government is studying various proposals and initiatives to help boost business activity among micro, small and medium enterprises (MSMEs) under Budget 2027, Finance Minister II Datuk Seri Amir Hamzah said.

TKB To Strengthen Tourism Ecosystem, F&B Through RM1 Bln Urban Forest

IPOH, Aug 28 (Bernama) -- The Urban Forest development worth over RM1 billion in Tambun here is expected to be a catalyst for the state's economic growth when the 84-acre project is completed within three years.

KLCI Futures End Lower

KUALA LUMPUR, Aug 28 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives closed lower on Friday.

Ringgit Ends Higher Ahead Of Fed Chair’s Jackson Hole Remarks

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Aug 28 (Bernama) -- The ringgit ended higher against the greenback and major currencies on Friday ahead of US Federal Reserve (Fed) Chair Kevin Warsh’s speech at the Jackson Hole Symposium.

Enhanced BioNexus Status Strengthens Malaysia’s Biotechnology Ecosystem

KUALA LUMPUR, Aug 28 (Bernama) -- The enhanced BioNexus Status framework strengthens Malaysia’s position as a platform for growing biotechnology companies by expanding support and responding to the industry’s evolving needs.

Petronas Posts Resilient Half-Year Results, Remains Steadfast In Safeguarding Energy Security 

KUALA LUMPUR, Aug 28 (Bernama) -- For the first half of the financial year ended June 30, 2026 (1H 2026), Petroliam Nasional Bhd (Petronas) recorded modest net profit and revenue that reflected disciplined execution, operational reliability and commercial excellence amid a challenging macro environment.

Thailand National AI Roadmap Places Productivity At Centre Of Transformation

KUALA LUMPUR, Aug 28 (Bernama) -- Thailand has officially handed over and disseminated the National AI Roadmap for the Sustainable Productivity of Industries in Thailand, placing productivity rather than technology adoption itself at the centre of the country’s artificial intelligence (AI) transformation agenda.