LBS Bina Records Net Profit Of RM15.04 Mln In 2Q 2026

KUALA LUMPUR, Aug 21 (Bernama) -- LBS Bina Group Bhd registered a net profit of RM15.04 million for the second quarter ended June 30, 2026 (2Q FY2026) compared with RM27.08 million in 2Q FY2025.

NexG Clarifies RM7.5 Bln Indicative Price For Possible DTSB’s Acquisition By Govt

KUALA LUMPUR, Aug 21 (Bernama) -- NexG Bhd today clarified that the request for an indicative price for the possible acquisition of its wholly owned subsidiary, Datasonic Technologies Sdn Bhd (DTSB), by the government was made by the Ministry of Finance (MOF) last month.

Ringgit Opens Higher Against Major Currencies, Eases Vs US Dollar

KUALA LUMPUR, Aug 21 (Bernama) -- The ringgit opened higher against most major currencies but eased slightly against the US dollar on Friday as investors turned cautious amid escalating tensions between the United States (US) and Iran, an economist said.

Ascend Airways Malaysia Obtains CAAM Approval For Passenger Operations

KUALA LUMPUR, Aug 20 (Bernama) -- Ascend Airways Malaysia Sdn Bhd has secured approval from the Civil Aviation Authority of Malaysia (CAAM) to include passenger operations in its Air Operator Certificate (AOC).

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.

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.

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.

Labuan Waterfront To Unlock Potential, Drive Island’s Future Growth

LABUAN, Aug 20 (Bernama) -- Labuan Corporation is seeking the proposed Labuan waterfront development to be included as a key agenda under the 13th Malaysia Plan (13MP) to unlock the duty-free island’s untapped potential.

BizMatch Mega PKNS 2026 Strengthens Selangor Entrepreneurs' Ecosystem

SHAH ALAM, Aug 20 (Bernama) -- The Selangor State Development Corporation (PKNS) continues to strengthen the state's entrepreneurship ecosystem through BizMatch Mega PKNS 2026, which brought together about 1,200 entrepreneurs at the Selangor International Trade Centre (SITC) today.

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.