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PBA Holdings Unit Files RM5 Bln Sukuk Wakalah With Securities Commission

KUALA LUMPUR, July 2 (Bernama) -- PBA Holdings Bhd’s wholly-owned subsidiary, Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP), has submitted the required documents to the Securities Commission Malaysia (SC) to set up an Islamic medium-term notes programme (sukuk wakalah) worth up to RM5 billion.

Bursa Rebounds After Lower Open On Economic Optimism

KUALA LUMPUR, July 2 (Bernama) -- Bursa Malaysia opened marginally lower on Wednesday but rebounded soon after, supported by continued buying in selected heavyweights amid optimism over the domestic economic outlook, an analyst said.

Bursa Marginally Higher On Heavyweight Buying, Upbeat Outlook

KUALA LUMPUR, July 1 (Bernama) -- Bursa Malaysia opened marginally higher on Tuesday, supported by continued buying in selected heavyweights amid optimism over the economic outlook, an analyst said.

Bursa Malaysia Continues Positive Momentum To Open Higher

KUALA LUMPUR, June 30 (Bernama) -- Bursa Malaysia extended last week's gains to open higher on Monday, supported by continuous buying in selected heavyweights as investors remain positive on the economic outlook, analysts said.

HLIB Expects Fiscal Deficit To Narrow To 3.8 Pct in 2025

KUALA LUMPUR, June 26 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) expects the fiscal deficit to be narrowed to 3.8 per cent this year (2024: -4.1 per cent), as announced in Budget 2025.

Ace Market-Bound iCents Group Eyes Regional Growth After Listing

KUALA LUMPUR, June 25 (Bernama) -- Cleanroom and facility services provider iCents Group Holdings Bhd (iCents Group) plans to expand its operations to Singapore and establish new offices in Kuching and Indonesia following its listing on the ACE Market of Bursa Malaysia on July 17, 2025.

Ringgit Expected To Stay Defensive Due To Middle East Conflict

By Zarul Effendi Razali

KUALA LUMPUR, June 21 Bernama) -- The ringgit is expected to stay defensive within a tight range next week, as traders and investors will continue to observe the military conflict in the Middle East, said an analyst.

SST Expansion To Have Limited Direct Impact On GDP, Inflation -- RHB IB

KUALA LUMPUR, June 20 (Bernama) -- The Sales and Service Tax (SST) expansion is expected to have a limited direct impact on gross domestic product (GDP) and inflation, as it primarily targets discretionary items and selected service sectors, according to RHB Investment Bank Bhd (RHB IB).

Empowering Financial Instruments For National Development - Academician

KUALA LUMPUR, June 19 (Bernama) -- In addition to zakat, the Islamic financial system has several methods of collecting public wealth for use in purposes determined by Islamic law, according to a lecturer at a local university.

Ringgit Extends Downtrend Against US Dollar

By Zarul Effendi Razali

KUALA LUMPUR, June 19 (Bernama) -- The ringgit continued to end lower against the greenback on Thursday, weighed down by emerging concerns over the global financial outlook, a dealer said.

Fiscal Reform To Balance Fiscal Sustainability, Social Equity - Treasury Sec-Gen

KUALA LUMPUR, June 18 (Bernama) -- The government’s fiscal reform initiatives, including expanding the Sales and Services Tax (SST) scope and rationalising electricity and diesel subsidies, are aimed at ensuring fiscal sustainability while protecting lower-income groups and essential sectors.

Policy Consistency, Political Stability Key To World Competitiveness Ranking – Economist

By Abdul Hamid A Rahman

KUALA LUMPUR, June 17 (Bernama) -- Malaysia’s World Competitiveness Ranking (WCR) hinges on political stability and consistent policy formulation and implementation, particularly as difficult or unpopular decisions are sometimes necessary to optimise resource allocation and strengthen the country’s economic structure.