Today's top Malaysian news, sport and lifestyle.
Prime Minister Anwar Ibrahim has recognised Maybank's successful evolution into one of Asia's premier banking institutions, underscoring the group's strategic significance for Malaysia's financial sector and regional standing.
Malaysia's tourism ministry has cemented Temasya Orang Kedah as a flagship festival for Kedah, projecting 550,000 visitors this year and positioning it as a catalyst for domestic travel and local economic growth.
Malaysia's Academy in Industry programme is transforming lives by merging vocational training with real-world work experience, enabling disadvantaged youth to gain skills while helping employers fill critical workforce gaps across key sectors.
Lembaga Tabung Haji's RM10 billion loss between 2014 and 2020 represents a massive opportunity cost for supporting low-income Muslim pilgrims, according to academics analysing the Royal Commission inquiry findings.
Malaysia's fuel supply through Petronas stations will remain stable and sufficient until September, according to Minister Azalina Othman Said, with the network supplying about 50% of domestic fuel needs.
Prime Minister Datuk Seri Anwar Ibrahim has emphasized that Malaysia's government allocates between RM40 billion and RM45 billion annually to fuel subsidies, shielding citizens from international price pressures.
Prime Minister Anwar Ibrahim disclosed that the government allocates RM980 million yearly to compensate the Federal Land Development Authority for losses stemming from previous management's tenure, signalling the scale of financial restructuring required.
Malaysia's government will focus on raising wages and addressing structural income problems before expanding its tax base, Economy Minister Akmal Nasrullah said, pushing back against OECD recommendations for broader taxation.
Malaysia's fiscal deficit has contracted sharply to 3.7% of GDP in 2025 from 6.4% in 2021, reflecting sustained economic reform efforts. The government's debt growth rate has also slowed significantly, underpinning fiscal discipline.
The Malaysia Budget and Business Hotel Association has called on the government to urgently establish proper regulatory oversight for short-term rental accommodation operators, warning that unlicensed competitors are undercutting licensed hotels while evading safety and tax obligations.
Prime Minister Anwar Ibrahim has stressed that Malaysia's October Formula 1 Bahrain Grand Prix hosting must benefit petty traders and hawkers beyond major corporations, pledging inclusive economic growth for local communities.
Malaysia has achieved nearly RM5 billion in budget savings through expenditure control measures, according to Deputy Finance Minister Liew Chin Tong. The government implemented the measures following a RM10 billion adjustment to operating expenditure to address global supply chain pressures.
Bank Negara Malaysia's deputy governor has flagged concerns that wage growth is not keeping pace with productivity gains, signalling the need for a comprehensive review of how the country's wage-setting mechanisms operate across income brackets.
Malaysia is targeting a minimum rubber price of RM5 per kilogramme by the end of 2027 to improve livelihoods for over 500,000 smallholders. Deputy Prime Minister Ahmad Zahid emphasizes the need for new strategies beyond global market forces.
Amanah Ikhtiar Malaysia has distributed RM1.6 billion in financing to approximately 185,000 entrepreneurs across the country in the first six months of 2024, demonstrating government commitment to supporting micro-entrepreneurs and boosting local economic growth.
Deputy Prime Minister Zahid Hamidi believes Malaysia will reap significant economic benefits from hosting the Bahrain Grand Prix, citing anticipated increases in tourism and international investment.
Malaysia's Economy Ministry has spent RM1.214 billion of its RM2.115 billion development allocation by July, achieving the fourth-best performance nationwide and exceeding the 45.93% national average spending rate.
Deputy Prime Minister Ahmad Zahid Hamidi has urged Negeri Sembilan's incoming administration to prioritise business-friendly policies and support for Bumiputera entrepreneurs, positioning the state as a regional economic hub.
Malaysia's Senate has approved the Competition (Amendment) Bill 2026, granting the Malaysia Competition Commission enhanced powers to combat cartels, monopolies, and anti-competitive practices in the digital economy.
Prime Minister Anwar Ibrahim says the government is examining plans for discounted MADANI tickets to the Formula One Bahrain Grand Prix, reflecting the administration's commitment to making international sporting events accessible to ordinary Malaysians.
Prime Minister Anwar Ibrahim has disclosed that Malaysia will require approximately RM16 million to ready the Sepang International Circuit for the anticipated return of Formula One racing to the country.
Malaysia's Economy Ministry has projected RM58 billion in development expenditure for 2027, with seven-tenths directed towards foundational infrastructure. The proposal awaits Finance Ministry review before formal Budget 2027 submission.
Prime Minister Anwar Ibrahim has directed ministries to fast-track foreign worker visa applications for restaurants and select industries, demanding resolution within a month to address labour shortages.
Prime Minister Datuk Seri Anwar Ibrahim has indicated that a decision on Malaysia's potential return to the Formula One calendar will be revealed shortly, with negotiations reportedly progressing at government level.
The inaugural Road to MAHA Labuan 2026 has drawn 30,837 visitors and generated nearly RM800,000 in sales within its opening two days, surpassing organisers' expectations and demonstrating robust public engagement with agriculture and food security initiatives.
Malaysia stands on the threshold of achieving high-income nation status under Prime Minister Anwar Ibrahim's administration, with gross national income per capita reaching USD12,380, the highest level in the country's history.
Agrobank has unveiled Halal@Agrobank, an initiative designed to develop 10,000 entrepreneurs over five years through financing, certification support, and market access, capitalising on the projected US$9.5–10.5 trillion global halal market by 2030.
Prime Minister Anwar Ibrahim says Malaysia's halal certification system has attracted global interest, but the country must strengthen its industrial capabilities and forge strategic partnerships to capitalise on the opportunity.
Malaysia's Department of Social Welfare has launched the MADANI Adopted Village Programme in Penang, combining RM600,000 in funding for infrastructure upgrades and skills development to address rural socio-economic disparities.
Prime Minister Anwar Ibrahim has given Malaysian government ministries and departments just 30 days to untangle the backlog of foreign worker employment applications, with restaurants identified as the priority sector facing acute staffing shortages.
Malaysia's Ministry of Rural and Regional Development is overhauling the decade-old Desa Lestari Programme, targeting RM2,300 monthly household income for participants through professional management and enhanced infrastructure.
The ringgit strengthened against most major currencies on Friday but weakened against the US dollar as new American trade protectionist measures unsettled regional markets.
Prime Minister Anwar Ibrahim has announced that Malaysia will begin preparing Budget 2027 in August, with the spending plan set for tabling in early October. The budget will prioritize translating economic growth into tangible improvements in citizens' living standards.
Malaysia has jumped eight positions to rank 15th globally in competitiveness, marking its strongest showing in over a decade. The improvement reflects government-led bureaucratic reforms and closer public-private sector collaboration under the MADANI Economy framework.
Malaysia's government projects combined RON95 and diesel subsidies could reach RM3.5 billion per month if crude oil prices remain around US$90 a barrel, with Deputy Finance Minister Liew Chin Tong assuring Parliament the fiscal position remains stable.
Prime Minister Anwar Ibrahim has warned that Malaysia cannot rely entirely on auditors to detect corporate fraud, citing the eFishery scandal where three major audit firms failed to uncover mismanagement in a RM163.4 million investment.
Malaysia's Ministry of Entrepreneur Development and Cooperatives has distributed nearly RM7 billion to over 213,000 small businesses in the first six months of 2026 through its Power Up 10K programme, with plans to reach RM15 billion by year-end.
The East Coast Rail Link is expected to pump RM80 to RM90 billion into Malaysia's economy by 2047, driven by 21 Economic Accelerator Projects along the corridor that will transform logistics hubs and create employment opportunities.
Malaysia's parliament has approved two significant legislative measures: the National Trust Fund (KWAN) Bill 2026 to safeguard intergenerational savings, and the Statistics Bill 2026 to modernise data collection aligned with international standards.
Deputy Prime Minister Fadillah Yusof highlighted how global energy and maritime security crises are now interconnected, with distant conflicts affecting Malaysia's fuel prices, electricity costs, and trading systems.
Malaysian investment banks have significantly upgraded their 2026 export forecasts, with RHB projecting 21.7% growth driven by stronger electronics demand and robust trade performance that exceeded early expectations.
Prime Minister Anwar Ibrahim has defended Malaysia's fuel pricing framework while raising concerns about the fiscal risks of unchecked government spending and mounting national debt obligations.
Permodalan Nasional Bhd has introduced an MSRI model that integrates Maqasid al-Syariah principles with ESG frameworks, advancing Malaysia's Islamic finance landscape while promoting investments aligned with both financial returns and social values.
TEKUN Nasional has distributed RM36 million to approximately 1,500 entrepreneurs in Negeri Sembilan through June 2024. Minister Steven Sim aims to cut approval timelines to seven days for larger loans and 24 hours for micro-financing.
Malaysia's Domestic Trade and Cost of Living Ministry will expand its Rahmah MADANI Sales Programme to help residents manage surging prices for essential goods, with potential for increased frequency based on local demand.
Melaka's river cruise operator is pursuing ambitious growth targets, having welcomed 350,000 passengers by June and planning aggressive marketing to attract the remaining 650,000 needed to reach one million by December.
Prime Minister Anwar Ibrahim has indicated that the government is exploring a higher allocation for the Sumbangan Asas Rahmah (Sara) assistance scheme in the 2027 Budget, provided Malaysia's economic outlook remains positive.
Malaysia's economy expanded 5.8% in the second quarter of 2026, exceeding forecasts and validating the government's reform agenda. PM Anwar Ibrahim cautioned that sustaining this momentum requires deeper structural improvements across key sectors.
Prime Minister Anwar Ibrahim has acknowledged that while Malaysia's second quarter GDP growth exceeded forecasts, many ordinary citizens and micro, small and medium enterprises continue to face financial hardship, signalling the uneven nature of the nation's economic recovery.
Malaysia's government has decided against revising its fiscal projections for Budget 2027 despite rising oil prices inflating subsidy costs by RM40 billion in the first half of 2026, according to Deputy Finance Minister Liew Chin Tong.
Prime Minister Anwar Ibrahim has attributed Malaysia's second-quarter GDP growth to three years of government reforms and policies that have strengthened the nation's economic fundamentals.
Malaysia's second quarter economy expanded 5.8%, up from 5.4% in the first quarter of 2026, prompting Prime Minister Anwar Ibrahim to express optimism about the nation's economic trajectory.
Malaysia's Alipay+ ecosystem recorded explosive growth in 2025, with foreign tourist QR payments nearly doubling to RM824 million, driven by seamless integration with DuitNow and expanded merchant access.
Malaysia's Essential Goods Distribution Programme has successfully narrowed price gaps between urban and rural areas, with RM250 million allocated this year benefiting 1.03 million residents across six states.
Malaysia's government has pledged to approve data centre projects solely after verifying that energy and water capacity can sustain both public needs and industrial demands, with a dedicated task force reviewing each application.
Malaysia's government is leveraging the PAKW basic living expenditure framework to design targeted interventions addressing cost-of-living disparities between urban and rural areas, with data showing significant spending variations across states.
Malaysia's parliament has passed the National Trust Fund (KWAN) Bill 2026, broadening the sovereign wealth mechanism beyond oil and gas to encompass the country's full spectrum of natural resource wealth and ensure intergenerational stewardship.
An investment strategist has cautioned Malaysia against blindly copying large petroleum reserve programmes from wealthier nations, recommending instead a carefully calibrated approach that prioritises cost-effectiveness and fiscal sustainability.
Malaysia's fiscal deficit is projected to reach 3.6 per cent of GDP in 2026, marginally above the government's 3.5 per cent target, as an additional RM25 billion fuel subsidy allocation is absorbed through revenue growth and expenditure adjustments rather than increased borrowing.
Tan Sri Ahmad Badri Mohd Zahir has been appointed chairman of the Federal Land Development Authority, bringing three decades of experience from senior roles in finance and major national institutions.
Malaysia is modernizing its Technical and Vocational Education and Training framework through direct industry recognition and accreditation reforms, aiming to bridge the skills gap and enhance graduate employability across advanced technology sectors.
Prime Minister Anwar Ibrahim has defended Malaysia's fuel pricing, stating that subsidised RON95 petrol at RM1.99 per litre remains more affordable than in major oil-producing nations including Saudi Arabia and Qatar.
Malaysia's Economy and Investment ministries have been tasked with reviewing proposals from the plastics industry as the sector grapples with ongoing global supply chain challenges.
Prime Minister Anwar Ibrahim has instructed MITI and the Economy Ministry to work with manufacturers struggling under global supply chain pressures, with particular focus on the plastics industry that underpins multiple sectors.
Malaysia's targeted incentive programmes have substantially increased agricultural self-sufficiency, with beef production rising to 18.4% and dairy reaching 81.8% in 2025, signalling progress towards food security amid global challenges.
Malaysia's rice reserves can sustain domestic demand for six months, Economy Minister Akmal Nasrullah Mohd Nasir announced. The government guarantees Local White Rice prices will not increase, while distributing RM45.98 million to support paddy farmers.
Deputy Prime Minister Ahmad Zahid Hamidi has assured that Malaysia's technical and vocational graduates will enjoy near-universal employment prospects through strengthened partnerships between educational institutions and industry players.
Entrepreneur Minister Steven Sim has urged Malaysian businesses to view artificial intelligence as a tool for expanding capacity rather than reducing workforce costs, warning that short-sighted redundancy strategies will prove counterproductive.
Deputy Prime Minister Fadillah Yusof has assured Malaysians that the country's energy supply remains stable and uninterrupted, despite growing tensions in the Strait of Hormuz. Petronas and the Prime Minister are actively negotiating to maintain security.
The 16th Johor state election has generated significant revenue for small businesses, with boat operators reporting doubled bookings and food vendors experiencing brisk sales at polling stations.
Investment banks have lifted Malaysia's 2026 economic growth forecast to 4.5%, buoyed by robust export performance and steady domestic activity. The central bank is expected to maintain interest rates at 2.75% throughout the year amid contained inflation.
Malaysia's tourism industry association is challenging the government's exclusion of licensed tourism transport operators from diesel subsidies, arguing the policy overlooks domestic travellers and threatens affordability in the sector.
Deputy Prime Minister Ahmad Zahid Hamidi has confirmed the Cabinet will review Barisan Nasional proposals on e-invoicing and the 2% mandatory EPF contribution for foreign workers, responding to business community concerns.
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Prime Minister Anwar Ibrahim has expressed Malaysia's commitment to deepening ties with enterprise software giant SAP to advance the nation's digital transformation agenda and nurture a skilled technology workforce.
Malaysia's household food waste correlates directly with rising incomes and changing consumer behaviour, according to Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin. Urban areas and wealthy states show higher wastage rates as consumption patterns shift beyond necessities.
The government-backed Syarikat Jaminan Pembiayaan Perniagaan has greenlit nearly RM5 billion in financing for thousands of small businesses in the first half of 2026, signalling continued commitment to MSME growth amid global economic headwinds.
Lawmakers will press the government on MSME financing challenges and Malaysia's slipping media freedom ranking during today's parliamentary session, with questions spanning business support and constitutional reform.
Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has called for Malaysia's rural development strategy to integrate with global economic priorities, positioning the National Rural Economic Agenda as a critical blueprint for balanced national growth.
The ringgit is expected to rebound from June's weakness as Bank Negara Malaysia intensifies efforts to attract foreign-exchange inflows. Analysts forecast the currency could strengthen to 3.80-3.95 per dollar by year-end, bolstered by Malaysia's robust export performance and strong demand for local bonds.
Deputy Prime Minister Ahmad Zahid Hamidi has urged rural Malaysia to adopt a regional and global outlook, emphasising that domestic development alone is insufficient for sustainable growth in competitive international markets.
Malaysia's small business association is pushing for periodic transparency reports from MSME financing agencies and stronger whistleblower protections to stamp out cronyism and political interference in loan approvals.
CIMB Treasury projects Bank Negara Malaysia will maintain its overnight policy rate at 2.75 per cent this week as retreating global oil prices diminish inflationary pressures, though second-round inflation risks remain a consideration.
Deputy Prime Minister Datuk Seri Fadillah Yusof has stressed that Malaysia's future prosperity hinges on cultivating high-quality human capital rather than relying solely on economic or technological strength.
Prime Minister Anwar Ibrahim has unveiled ambitious targets for the newly-launched Bakat Madani programme, which aims to provide support and opportunities to 25,000 Malaysians during its inaugural year of implementation.
Deputy Prime Minister Ahmad Zahid Hamidi has announced plans to restructure Malaysia's foreign worker management framework to improve efficiency, boost coordination among agencies, and better align policies with economic sector requirements.
Malaysia's Finance Minister says the government will continuously refine the BUDI Diesel subsidy programme based on actual usage patterns and stakeholder feedback, with adjustments made to reflect real-world consumer behaviour rather than arbitrary cuts.
Malaysia's National Semiconductor Strategy has attracted more than RM85 billion in approved investments through December 2025, with significant progress in workforce development and smart factory adoption across manufacturing sectors.
Malaysia is grappling with a surge of undocumented foreigners running illegal businesses, displacing local entrepreneurs across sectors. Despite ministerial pledges to act, questions linger about enforcement capacity and political will.
Prime Minister Anwar Ibrahim has dismissed suggestions that any state has been overlooked in the government's national development agenda, emphasizing Johor's prominent role in the country's economic expansion strategy.
The federal government has inherited nearly RM1 billion in annual debt obligations from Felda, stemming from historical administrative mismanagement, Prime Minister Anwar Ibrahim disclosed in Johor Baru.
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Prime Minister Anwar Ibrahim has launched SParK 2026, a comprehensive entrepreneurship framework aimed at strengthening Bumiputera business participation. Permodalan Nasional Bhd commits RM2.25 billion in financing support.
Malaysia's Subsidised Diesel Control System has opened applications for small business owners operating company vehicles including jeeps and pickup trucks, with subsidy eligibility beginning July 15.
Prime Minister Anwar Ibrahim has unveiled an extra RM10 million allocation for taxi drivers, acknowledging their crucial role as frontliners who shape Malaysia's international image to visitors.
Malaysia's BUDI MADANI Diesel programme has reached nearly 200,000 private diesel vehicle owners in its opening three days, with Treasury officials confirming a smooth implementation and minimal technical issues during the rollout.
Malaysia's government is ramping up efforts to educate small traders and entrepreneurs about micro-financing schemes worth over RM5 billion, with Treasury officials and bank leaders visiting markets to boost awareness and accessibility.
Malaysia's MADANI Taxi Reform Programme marks a significant shift in the taxi industry, enabling drivers to own their vehicles outright rather than lease them. The initiative features Proton S70 sedans and introduces digital advertising and e-hailing integration.
Malaysia's Human Resources Ministry is pushing to convert RM100 million in PTPK vocational training loans into grants, citing hardship faced by students who forgo employment during their studies.
Malaysia's unemployment rate declined to 2.9 per cent last year from 3.2 per cent in 2024, with the government crediting expanded technical and vocational training programmes for the improvement.
Malaysia's Ministry of Domestic Trade and Cost of Living has unveiled a nationwide campaign in partnership with e-commerce platform Shopee and the Royal Malaysian Police to combat the escalating threat of online fraud, which has cost consumers billions of ringgit.
Prime Minister Anwar Ibrahim has highlighted Ant International's establishment of its Global Operations Centre in Kuala Lumpur as pivotal to Malaysia's ambitions as a regional digital and artificial intelligence hub, emphasising job creation and inclusive growth.
Malaysia's tourism ministry is calling for tour bus operators and industry groups to urgently submit diesel usage records and cost comparisons to help determine appropriate financial support following fuel price increases.
Malaysia's household debt has climbed to RM1.73 trillion as of end-March 2026, equivalent to 84.4 per cent of GDP, according to Prime Minister Datuk Seri Anwar Ibrahim, reflecting mounting financial pressures on Malaysian families.
Malaysia has launched an expanded BUDI Diesel subsidy scheme benefiting 700,000 private vehicle owners nationwide at RM2.10 per litre, representing a significant expansion from the previous scheme that aided 180,000 recipients.
Malaysia's Housing Credit Guarantee Scheme has assisted over 93,555 first-time homebuyers to date, with RM18 billion still available. The government aims to reach 100,000 beneficiaries by year-end, including gig economy workers.
Malaysia's Investment Minister Datuk Seri Johari Abdul Ghani has called for the World Trade Organization to fundamentally reshape itself to address contemporary economic concerns including supply chain resilience and technological competition.
Malaysia's Rahmah MADANI Sales Programme achieved 15,881 events nationwide between January and June 2025, covering all 600 state constituencies and 40 Federal Territory zones. The government aims to expand to 30,000 annual events.
Malaysia's government is executing 120 decisions through its National Economic Action Council to address the global supply crisis, with 27 fully implemented and 93 in progress, focusing on protecting MSMEs and essential goods supply.
Prime Minister Anwar Ibrahim has launched the Bakat MADANI initiative, a collaborative effort involving government-linked companies and Petronas aimed at developing 25,000 individuals through skills training and employment opportunities in high-growth sectors.
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Prime Minister Datuk Seri Anwar Ibrahim has committed government support to establish Malaysia as a leading drone technology hub, outlining plans for enhanced regulations, research investment, and private-sector partnerships.
Malaysia's government is intensifying efforts to help micro, small and medium enterprises benefit from the booming wholesale and retail sector, which recorded RM175 billion in sales in April 2026.
Prime Minister Anwar Ibrahim has called on Malaysia to rapidly advance its unmanned aerial vehicle sector, citing the global drone market's projected growth to USD55 billion by 2030 and the industry's intersection with AI and digital transformation.
Prime Minister Anwar Ibrahim's recent working visits to Russia and Turkmenistan have yielded tangible economic results, with the government spokesman crediting these diplomatic missions for the diesel price cuts announced last week.
Malaysia saw 42,807 job losses in the first half of 2024, with business closures and company downsizing responsible for over 40 percent. The Human Resources Minister dismissed AI as a primary threat, pointing instead to structural economic challenges.
Malaysia's labour market has remained stable through the first half of 2026, with job losses declining 20 per cent to 6,197 unemployed individuals. Economy Minister Akmal Nasrullah credited government intervention programmes for helping workers return to employment.
Malaysia's Petronas petrol station network has assured stable fuel supplies extending through August, covering roughly half the nation's domestic consumption. A dedicated crisis management task force now monitors energy security.
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Prime Minister Anwar Ibrahim holds the strongest approval rating among Malaysian political leaders, according to a Merdeka Center survey, though economic challenges weigh heavily on voter sentiment across the nation.