KWAP Deceived On eFishery Investment, Fund Recovery Underway - MoF

KUALA LUMPUR, July 16 (Bernama)  -- The Ministry of Finance (MOF) has found that the Retirement Fund (Incorporated) (KWAP) was deceived about its investment in eFishery and that it was a well-planned fraud.

Johor Property Sector Remains Neutral After State Poll, Says CIMB Securities

KUALA LUMPUR, July 16 (Bernama) -- CIMB Securities Sdn Bhd has maintained its ‘neutral’ call on the property sector, particularly in Johor, following the contested state election, as the outcome provides a clear mandate for the new administration to ensure development continuity.

Malaysia's Consumer Spending To Grow In 2026 - BMI

KUALA LUMPUR, July 16 (Bernama) -- Malaysia’s consumer spending is expected to grow in 2026, underpinned by stable economic growth and employment outlook, said BMI, a Fitch Solutions company.

Gamuda Shares Rise On Penang-Perak Water Supply Deal

KUALA LUMPUR, July 16 (Bernama) -- Gamuda Bhd’s shares rose 1.44 per cent in early trade on Thursday after its joint venture signed a bulk water supply agreement with Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP).

Cagamas Completes Malaysia’s First MYOR-i Referenced Sukuk, IPRS Transactions

KUALA LUMPUR, July 16 (Bernama) -- Cagamas Bhd has successfully executed Malaysia’s first Malaysia Islamic Overnight Rate (MYOR-i)-referenced Islamic Medium Term Notes (sukuk) and Islamic Profit Rate Swap (IPRS) transactions, comprising a RM300 million one-year MYOR-i sukuk and a RM100 million five-year MYOR-i IPRS.

SD Guthrie To Dispose Of Kuala Selangor Land For RM798.31 Mln

KUALA LUMPUR, July 15 (Bernama) -- SD Guthrie Bhd has entered into two conditional sale and purchase agreements (SPAs) to dispose of freehold land in Kuala Selangor for RM798.31 million.

Jati Tinggi Secures RM22.6 Mln Data Centre-Related Contracts In Johor

KUALA LUMPUR, July 15 (Bernama) -- Infrastructure utilities engineering solutions provider Jati Tinggi Group Bhd's (JTGB) wholly owned subsidiary has secured two data centre-related contracts in Johor worth a combined value of RM22.6 million.

Widad Appoints Tengku Shaifuddin As Chairman, Nor Azlan As Group MD

KUALA LUMPUR, July 15 (Bernama) -- Widad Group Bhd has announced the appointment of Datuk Tengku Shaifuddin Tengku Jamaluddin as its new chairman and Nor Azlan Zainal as group managing director effective today. 

Fiscal Deficit Marginally Higher Despite More Allocated For Fuel Subsidy -- HLIB

KUALA LUMPUR, July 15 (Bernama) -- Malaysia is expected to keep its 2026 fiscal deficit broadly on track despite allocating an additional RM25 billion for fuel subsidies, with the deficit to come in at 3.6 per cent of gross domestic product (GDP).

Malaysia Not Seeing Two-Speed Economy As Growth Remains Broad-Based -- Economist

KUALA LUMPUR, July 15 (Bernama) -- Malaysia is not showing signs of a two-speed economy despite heightened global trade tensions and geopolitical uncertainties, with growth continuing to be supported by broad-based contributions from the manufacturing, services and construction sectors.

Bursa Malaysia Ends Lower, Weighed By Profit-taking In Banking, Energy Stocks

By Siti Noor Afera Abu

KUALA LUMPUR, July 15 (Bernama) -- Bursa Malaysia’s key index closed lower as investors locked in profits following three consecutive sessions of gains, with banking and oil and gas counters leading the decline.

HLIB Lifts Malaysia’s 2026 GDP Forecast To 4.7 Pct On Strong E&E Exports

KUALA LUMPUR, July 15 (Bernama) -- Stronger-than-expected electrical and electronics (E&E) exports and robust global semiconductor demand have prompted Hong Leong Investment Bank (HLIB) to raise Malaysia’s 2026 gross domestic product (GDP) growth forecast to 4.7 per cent from 4.5 per cent previously.