Malaysia · Business
Same event, multiple sources, transparently cited.
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Strait of Hormuz reopens as Persian Gulf oil exports near pre-war levels after US-Iran interim deal
The Strait of Hormuz reopened for commercial shipping following a US-Iran deal, allowing trapped oil tankers to resume exports and Gulf producers to raise output.
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Perodua cuts service maintenance parts and labour prices by up to 10% from June 19
Perodua will reduce prices for service maintenance parts and labour by up to 10% starting June 19, 2026, covering all models including its electric QV-E.
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Court of Appeal cuts Lim Guan Eng’s defamation damages against Muhyiddin to RM450,000
The Court of Appeal ruled Muhyiddin's defamatory statements against Lim Guan Eng merit RM450,000 damages, down from RM1.05 million awarded by the High Court.
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Johor launches Economic Transformation Plan targeting RM167.4 billion investment by 2030
Johor launched the Johor Economic Transformation Plan (JETP) on June 18, 2026, identifying 83 projects worth RM167.4 billion across eight key industries.
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Thailand Revives $30-$39 Billion Coast-to-Coast ‘Land Bridge’ Corridor Project
Thailand plans a $30-$39 billion logistics corridor linking deep-sea ports on opposite coasts to bypass the Strait of Malacca.
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Port Klang Third Terminal development advances with land issue nearing settlement
The Selangor government and federal agencies work to resolve land issues for Port Klang’s Third Terminal, aiming to start construction in 2026.
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Johor DAP chairman warns against manipulated posters targeting Pakatan Harapan candidates
Johor DAP chairman Teo Nie Ching accused parties of altering PH candidate posters to sow fear ahead of the state election.
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Malaysia rises to 15th place in 2026 IMD World Competitiveness Ranking
Malaysia jumped eight spots to 15th among 70 economies in the 2026 IMD World Competitiveness Ranking.
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Top Glove's Q3 FY2026 net profit more than doubles to RM81 million on higher sales
Top Glove reported a 133% rise in net profit to RM80.99 million for Q3 FY2026 ended May 31, driven by higher sales and cost efficiencies.
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AirAsia warns public about fake recruitment website impersonating its careers portal
AirAsia alerted job seekers on June 18 to a fraudulent website posing as its official recruitment portal and soliciting fees.
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Fed’s Hawkish Tone Strengthens US Dollar, Pressures Malaysian Ringgit to Six-Month Low
The US Federal Reserve signaled a rate hike later this year, boosting the dollar and weakening emerging market currencies including the Malaysian ringgit.
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Malaysia Stadium Corporation CEO charged with RM1.45 million corruption over Bukit Jalil tender
Iliyas Jamil, CEO of Malaysia Stadium Corporation, was charged with seven counts of corruption involving RM1.45 million on June 18, 2026.
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Universiti Malaya achieves highest-ever 56th place in QS World University Rankings 2027
Universiti Malaya rose to 56th in the QS World University Rankings 2027, its best global position so far.
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Diesel price in Peninsular Malaysia cut by 30 sen to RM4.37 per litre for June 18–24
The retail price of diesel in Peninsular Malaysia was reduced by 30 sen to RM4.37 per litre for the week of June 18–24, 2026.
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Malaysia manages rise in construction material costs as projects continue on schedule
Malaysia’s government and contractors maintain ongoing construction projects despite rising material costs from global supply issues.
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Sunway Healthcare’s Q1 net profit falls 14% despite 23.8% revenue rise
Sunway Healthcare posted a 14% net profit drop to RM33.33 million for Q1 ended March 31, 2026, while revenue rose 23.8% to RM587.05 million.
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AirBorneo may apply to operate three Sarawak intercity flight routes commercially
AirBorneo may seek approval to operate Kuching-Sibu, Kuching-Miri, and Kuching-Bintulu routes commercially, the Transport Ministry said.
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Genting Group Q1 profit jumps 21-fold despite Genting Malaysia’s loss
Genting Group reported a 20.97-fold rise in Q1 net profit to RM101.1 million while Genting Malaysia posted a RM3.8 million net loss in the same period.
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Federal Court orders RM20,000 damages for seven Orang Asli villagers over destroyed graves
The Federal Court reinstated a High Court ruling and awarded RM20,000 each to seven Orang Asli villagers for ancestral grave desecration.
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Malaysia aims to complete MyLesen B2 motorcycle licence rollout by July 2026
The Ministry of Transport and Road Transport Department target July to finish the MyLesen B2 motorcycle licence programme.
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Malaysia continues refining carbon tax plan amid energy and geopolitical concerns
Malaysia is still refining its carbon tax implementation framework, with timing undecided amid global uncertainties.
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MyCC issues provisional bid-rigging finding against six firms in RM5.7 million food tender
The Malaysia Competition Commission issued a Proposed Decision against six companies for colluding in a RM5.7 million food supply tender by the National Anti-Drugs Agency.
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Teraju moved to PM's Department to boost Bumiputera Economic Transformation Plan 2035
Malaysia transferred Teraju from the Ministry of Economy to the Prime Minister's Department to fast-track the Bumiputera Economic Transformation Plan 2035.
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Malaysia Rail Link says ECRL fare rates on social media are speculative
Malaysia Rail Link clarified that East Coast Rail Link fare rates circulating online are not official and have not been announced yet.