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Accertify: Middle East And Africa Record Highest Air Travel Fraud Rates

KUALA LUMPUR, July 16 (Bernama) -- The fraud pressure continues to vary significantly by market, with the most notable shift occurring across the Middle East and Africa, according to Accertify's second quarter (Q2) Global Air Travel Fraud Report.

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.

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.

Govt Refunded RM14.7 Bln Excess Taxes As Of June 30 2026 -- MoF

KUALA LUMPUR, July 15 (Bernama) — The government has refunded RM14.7 billion in excess tax payments involving 3.17 million taxpayer cases as of June 30, 2026, according to the Ministry of Finance (MoF).

Active BNPL Account Holders Reach 8 Mln In 1Q 2026

KUALA LUMPUR, July 15 (Bernama) — The number of active Buy Now, Pay Later (BNPL) account holders has risen to eight million in the first quarter of 2026, according to the Ministry of Finance (MoF).

Public, Businesses Must Be Prepared For Challenges Arising From Hormuz Closure -- Akmal Nasrullah

KUALA LUMPUR, July 15 (Bernama) -- The government is reminding the public and businesses not to become complacent or underestimate the economic and supply chain impacts following Iran's declaration of the renewed closure of the Strait of Hormuz.

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. 

Siti Asiah Is Appointed Chief Statistician

PUTRAJAYA, July 15 (Bernama) – Department of Statistics Malaysia’s deputy chief statistician (economic programme) Siti Asiah Ahmad has been named chief statistician, 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).

Life Water To Acquire 90 Pct Stake In Hung Tai Group For RM46.8 Mln

KUALA LUMPUR, July 15 (Bernama) -- Sabah-based beverage manufacturer Life Water Bhd has entered into a share sale agreement (SSA) to acquire a 90 per cent equity interest in the Hung Tai Group for RM46.8 million.

Tafi's Unit Secures RM135 Mln Construction Contract

KUALA LUMPUR, July 15 (Bernama) – TAFI Industries Bhd’s wholly-owned subsidiary, TAFI Home & Office Sdn Bhd has accepted a letter of award from Armani KPF2 Development Sdn Bhd involving works on a mixed commercial development in Setia Alam, Selangor.