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Indonesia Targets US$5.8 Bln Green Investment Through Carbon Market

By Nik Nurfaqih Nik Wil

JAKARTA, July 6 (Bernama) -- Indonesia's Carbon Economic Value (NEK) instrument is projected to attract up to US$5.8 billion (US$1=RM4.08) in green investment while reducing greenhouse gas emissions by an estimated 570 million tonnes of carbon dioxide (CO2) equivalent.

RHB IB Projects Malaysia's 2026 GDP Growth At 4.7 Pct 

KUALA LUMPUR, July 6 (Bernama) -- Malaysia's gross domestic product (GDP) is projected to grow 4.7 per cent in 2026, with a modest upside bias, supported by stronger-than-expected export performance, resilient domestic demand and easing external risks, according to RHB Investment Bank Bhd (RHB IB).

Enest IPO Oversubscribed 1.94 Times Ahead Of ACE Market Listing

KUALA LUMPUR, July 6 (Bernama) -- Enest Group Bhd's initial public offering (IPO) has been oversubscribed by 1.94 times, ahead of its listing on the ACE Market of Bursa Malaysia.

WCT Holdings Accepts RM926.2 Mln Construction Contract In Abu Dhabi

KUALA LUMPUR, July 6 (Bernama) -- WCT Holdings Bhd's wholly-owned subsidiary has accepted a RM926.20 million construction sub-contract in Abu Dhabi, the United Arab Emirates, through a 50:50 joint venture (JV) with Construction General Contracting House Ltd (CGCH).

First Interim Profit Distribution Of RM126.9 Mln To Benefit 72,000 FELCRA Participants

MARAN, July 6 (Bernama) --  Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi has announced FELCRA Bhd’s first interim distributable profit for 2026, amounting to RM126.9 million.

AscentHR Expands Regional Payroll Capabilities With OS HRS Acquisition

KUALA LUMPUR, July 6 (Bernama) -- AscentHR, a human resources (HR) technology, payroll, compliance, and workforce solutions provider, has acquired OS HRS to expand its regional payroll capabilities across countries, enhancing support for multinational enterprises across the Asia-Pacific (APAC) and the Middle East.

Tax Exemption To TARC Education Foundation Subject To Compliance With Conditions -- MOF

PUTRAJAYA, July 6 (Bernama) -- The tax exemption granted to the TARC Education Foundation is subject to compliance with the conditions stipulated under tax laws, the Finance Ministry (MOF) said.

Bursa Malaysia Extends Gains At Midday

KUALA LUMPUR, July 6 (Bernama) -- Bursa Malaysia extended its gains at midday, with financial services, healthcare and transportation stocks leading the gains among heavyweights.

JCAI Advises On Messer’s Acquisition Of WKS Group

KUALA LUMPUR, July 6 (Bernama) -- Japan Corporate Advisory Institute Ltd (JCAI), a Tokyo-headquartered cross-border mergers and acquisitions (M&A) advisory firm, has advised on the acquisition of WKS Group by Messer.

AscentHR Acquires OS HRS To Expand APAC Payroll Footprint

KUALA LUMPUR, July 6 (Bernama) -- AscentHR, a provider of human resources (HR) technology, payroll, compliance, and workforce solutions, has acquired OS HRS, a trusted Asia Pacific (APAC)-focused payroll outsourcing provider, to strengthen its payroll leadership in the region.

Financial Digitalisation Bolstering Malaysia's Food Security Agenda

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, July 6 (Bernama) -- Digital financial management could become an important enabler of Malaysia’s food security agenda by strengthening the financial resilience of paddy farmers, supporting productivity improvements and ensuring more sustainable domestic rice production.

Ringgit Opens Flat Against Greenback As Traders Reassess US Rate Hike Prospects

KUALA LUMPUR, July 6 (Bernama) -- The ringgit opened mostly flat against the US dollar on Monday as traders reassessed the likelihood of a United States (US) interest rate hike following a weaker-than-expected US nonfarm payrolls (NFP) data.