Malaysia Money Matters Daily News Podcast

In today’s episode, we explore a growing paradox: Malaysia’s economy is surging, but beneath the surface, policy and project execution gaps risk slowing that momentum. From VSTECS’ tech boom and subsidy wins to slow capital gains tax intake and stalled megaprojects — this is a story of growth potential versus delivery risk.Malaysian Corporate & Market Developments🌴 United Plantations Profit Dips 5.5%Despite strong 23% revenue growth, rising costs and tax expenses squeezed profits. Still, declared 18th consecutive special dividend — signaling long-term confidence.🌿 Greenyield Shareholder RevoltNon-exec chairman removed, seven new directors appointed. Boardroom shakeup suggests resolution to long-running internal dispute.🏙️ YNH-Sunway Land Deal Extended to 2026RM170M Desa Sri Hartamas transaction delayed again — raising investor patience questions.💻 VSTECS Profit Jumps 31.6% in Q3AI and digital adoption continue to drive record earnings. Strong signal of Malaysia’s tech momentum.📊 Bursa Launches Thoughtstream Research HubNew platform aims to democratize market research, linking analysts with licensed investment advisors.🚚 Swift HOL Q3 Profit Up 23.9%Cleaner transport investments and EV fleet expansion support stronger margins. ESG-aligned logistics growth in motion.🎢 Khazanah Invests RM4B in Desaru & LegolandBig bet on Johor-Singapore Special Economic Zone (JSE). Banking on regional tourism and integrated growth.🛫 Malaysia Aviation Group CEO to RetireCaptain Nasaruddin (current COO) slated to succeed in 2026 — ensuring leadership continuity.🛢️ Petronas Enters Guyana with 25% StakePartners with TotalEnergies and QatarEnergy. Major move expanding Malaysia’s global energy footprint.Macro, Policy & Political Developments💱 Ringgit Hits One-Year High at 4.118/USDCurrency strength reflects economic confidence and market reform momentum.⛽ Targeted Diesel Subsidy Saves RM5BSales dropped from 770M to 465M litres/month. Funds reallocated to cash aid (Sumbangan) — a key policy success.📉 Capital Gains Tax Falls Short at RM162MFirst-year collections well below RM800M target. Exemptions for IPOs and listed shares likely diluted effectiveness.🏗️ Project Execution Still LaggingOnly 75% of national project funds spent. Chief Secretary flags urgency ahead of 13th Malaysia Plan rollout.📣 PM to Address Parliament on Sabah RevenueGov’t confirms no appeal of court ruling on 40% revenue — high-stakes fiscal and political move.📰 Gov’t Reaffirms Commitment to Press FreedomDeputy minister pledges no interference, even with critical coverage — signals institutional maturity.Global & Geopolitical Outlook🧠 AI Momentum Splits Investor SentimentSoftBank stock drops 10% after Nvidia exit (US$5.8B), while Foxconn stays bullish on 2026 demand. AI boom remains divisive.🪙 China Accuses US of ‘Bitcoin Theft’Claims US government “stole” US$13B in Bitcoin. Sharp escalation in cyber and financial rhetoric.🌲 EU Delays Anti-Deforestation LawPostponed to late 2026 amid compliance concerns. Eases pressure on palm oil exporting countries.🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

In today’s episode, we unpack a day of sharp contrasts — from glove sector comebacks and massive AI investments to delayed megaprojects and consumer lending reforms. It’s a moment where financial clean-up meets bold future bets.Malaysian Corporate & Market Developments🧤 Hartalega Profit Doubles in 2QRM18.3M signals real recovery. Cost discipline and returning demand revive optimism in the glove sector.📉 Dialog Group Wiped Out RM1B in 2 DaysFurther delays to the Pengerang project — now pushed to 2029 — raise major concerns over earnings potential and equity exposure.🏗️ Kerjaya Prospek Adds RM198M in ContractsOrder book rises to RM3.7B, securing revenue visibility through 2028. Momentum continues in construction.🏭 Eco Business Park 7 Launched (RM3B Project)Joint effort by EcoWorld, NS Corp & SD Guthrie under MVV 2.0 — boosting central region’s logistics and advanced manufacturing footprint.🚢 Aquawalk IPO 6x OversubscribedStrong investor demand. PSP Energy also sets IPO price at 16 sen to fund operations including a new bunker vessel.📦 MTT Shipping Eyes Main Market ListingExpansion into Indian subcontinent on the cards. Logistics sector momentum continues.⚠️ Bursa Reprimands Solar District CoolingCompany breached 25% public shareholding rule pre-listing. Integrity in IPO compliance under focus.💸 Taghill Units Seek Judicial ManagementSevere cash flow strain prompts request for court-supervised restructuring.🧾 Pelangi Prestasi Gets RM85.8M Payment StayLinked to Sabah Forest Industries insolvency concerns. Legal complexity deepens.🕊️ RIP Tiong Hiew KingSarawak tycoon and Rimbunan Hijau founder passes. A major figure in Malaysia’s timber and media sectors.Policy, Legal & Political Developments⛽ Sabah Revenue Standoff ContinuesGov’t will negotiate, but appeals legality of review. Tensions over 40% revenue claim still simmering.🛢️ Finance Ministry: Petronas Only Nets 10% MarginClarifies Borneo oil revenue optics amid political scrutiny.🌍 Petros Signs CCS Deals with WoodsideSarawak makes climate-linked energy moves with three new agreements.💰 1MDB Asset Recovery Nearing EndgameAnother RM1B retrieved. PM calls for full closure and accountability.🔋 Khazanah Urged to Accelerate Rare Earth PushChina-linked ventures prioritized despite long-term strategic and ESG risks.🚗 Perodua to Launch First All-Malaysian EVSignals the start of a local EV shift at scale.📚 BNM Bans Rule of 78, Mandates Loan EducationFlat-rate and Rule of 78 loan structures banned from 2027. New 15-minute education module required for big personal loans.👴 RM1.97B Allocated for Pension Revisions (2026)Nearly a million beneficiaries to receive adjusted payouts.⚖️ Landowner Seeks Stay Over West Coast ExpresswayLegal challenge delays key infrastructure project.💼 GISB CEO Faces 230 Money Laundering ChargesJoint trial ordered. One of Malaysia’s largest financial crime cases.⚖️ Chief Judge Shortlist Stirs ControversyPublic scrutiny grows over judicial nominations.Global & Geopolitical Outlook📈 Global CEOs Least Worried Since 2007Strong risk appetite. S&P 500 earnings projected to rise 14.5% — AI optimism leads the charge.🤖 SoftBank Exits Nvidia, Doubles Down on AISells US$5.83B stake to reinvest in OpenAI, fueling its pivot into AI infrastructure.🏗️ JPMorgan: AI Data Centers Need $7TMicrosoft plans $10B hub in Portugal. Meta signs $3B deal with Nebius. Capital flowing into hyperscale buildouts.🇺🇸 US Senate Nears Shutdown ResolutionCompromise improves risk sentiment globally.🇮🇳 Trump Hints at India Trade DealAlso: Switzerland closing in on reduced US tariffs — better 15% rate.🌏 Geopolitical Tensions FlareChina protests Taiwan VP speech. Thailand halts peace talks with Cambodia.🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

In today’s episode, we look at how Malaysia’s strategic corporate financing moves are unfolding against a backdrop of heightened political risk. From sukuk strategies and property yields to Sabah’s revenue ruling and high-profile legal cases, the market is balancing growth ambition with governance uncertainty.Malaysian Corporate & Market Developments💸 Genting Raises RM900M in Bonds for TakeoverFinancing the Genting Malaysia acquisition lifts leverage sharply. Debt-to-EBITDA could hit 5.1x in 2025.High-growth move, high-risk profile. Dividend flexibility potentially constrained.🏥 IHH’s Fortis & Malar Offers See Near-Zero UptakeAcceptance rates as low as 0.00002%. Rising valuations outpaced offer terms, highlighting the danger of delayed cross-border M&A execution.🌱 SD Guthrie Issues RM2.1B Sustainability-Linked SukukRefinances higher-cost perpetual notes, likely saving RM42M annually.Performance tied to 30% emissions reduction target. ESG and financial discipline aligned.💊 Apex Healthcare Buyout Likely to SucceedMajor shareholders on board. Offer values firm at ~21x earnings, seen as a clean exit for minority investors.🏙️ Maybank Supports RM15B for Johor-Singapore SEZIncludes backing for single family offices in the Forest City special zone. Signals ambition to attract generational wealth and cross-border capital.🛍️ Sunway REIT Net Property Income Jumps 25.3%Full contributions from new assets drive growth. Asset expansion strategy paying off.🐔 CAB Cakaran to See First Indonesian EarningsJV leverages Salim Group’s vast retail footprint (23,000 Indomaret stores). Quick scale potential.🧰 Mr DIY Profit Up 11.9% but Same‑Store Sales SoftenMargins strong at 47.3%, but consumer pressure evident.🍪 Hup Seng Profit Falls 10.4%Rising input costs and soft export demand weigh on performance.⚙️ PIE Industrial Shares Slide on Trade ConcernsShift toward “Vietnam Plus One” and US policy uncertainty pressures recovery outlook.🏡 Sime Darby Property Tops Developer Rankings AgainRecognition highlights consistency in execution and capital discipline.Political & Policy Headlines⚖️ Sabah’s 40% Revenue Share Sparks Urgent Cabinet MeetingDecision on appeal carries major political stakes. Coalition stability in focus after prior defections.🕯️ Pastor Koh & Amri Che Mat Probes ReopenedFollowing court ruling. Accountability and human rights concerns remain in the governance spotlight.⚖️ Muhyiddin’s Jana Wibawa Trial Set for March 9, 202629-day proceedings add to political risk background.📊 Economic Corridors Attract RM87.6B InvestmentOver 108,000 jobs created—but graduate underemployment remains high at 35.5%.Capital inflow ≠ high-quality labor alignment.🔥 Petronas–Petros Gas Framework Talks ContinueBalancing state autonomy with national energy strategy remains delicate.Global & Geopolitical Outlook🏛️ US Senate Ends Shutdown, Lifts Risk SentimentTemporary improvement in global market tone.📱 Apple to Pay Google US$1B/Year for AI in SiriStrategic alliance reshapes consumer tech power dynamics heading into 2026.🚗 Nexperia Dispute Halts Chip Supply, Hits NissanInternal conflict leads to production cuts. Supply chain fragility remains acute.🪙 Bitcoin Faces Worst Week Since MarchUS$300B market value erased amid risk-off trading.☕ Vietnam Typhoon Threatens Coffee CropsPotential upward pressure on coffee futures.🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

In today’s episode, we dissect a busy news cycle where long-term investment bets meet near-term policy risks. From digital banking capital injections to PAC contract probes and Apple’s US$1B AI deal—this is a week where growth ambitions run into the realities of market oversight and structural reform.Malaysian Corporate & Market Developments🏦 AEON Credit Injects RM25M into AEON BankCapital boost strengthens the digital bank’s foundation amid a competitive fintech space. A long-term runway for growth.🏗️ Axis REIT Acquires RM800M Industrial PropertyThird major deal of the year. Immediate 8-year leaseback ensures yield visibility and income stability.💰 NCT Group Launches RM1B Sukuk WakalahFirst tranche (RM390M) taken up by Maybank. Proceeds to fund industrial park developments—expanding Shariah-compliant financing channels.📈 Pentamaster Q3 Profit Soars 45%New semiconductor orders signal tech cycle rebound. Forecasts for 2026 look even stronger.🍺 Heineken Flags Risks from New Excise DutyFlat Q3 profit amid warnings that 10% alcohol tax hike could boost black market activity and hurt legitimate consumption.⚖️ GDB Wins RM83M Court-Enforced PayoutKSK Land ordered to pay over 8 Conlay project dispute. Legal milestone in resolving high-profile construction claims.🇩🇪 KNM Shareholders Approve Borsig SaleRM270M deal clears final hurdle. Improves group’s financial position after long restructuring effort.🚫 Pertama Digital Faces Trading SuspensionDeadline missed for regularization plan. Puts company at risk of delisting—shaking investor confidence.Economic & Policy Headlines📉 Bank Negara Holds OPR at 2.75%No change in final meeting of 2025. Economists predict no cuts until mid-2026 despite global uncertainty.🚰 Gamuda Signs Interstate Water DealPerak-to-Penang water supply pact breaks decade-long impasse. Major progress in regional utility cooperation.🚗 PAC Investigates Vehicle Fleet OversightThree ministries and Spanco summoned after RM54M in delayed delivery penalties went unenforced. Contract governance under scrutiny.🚙 Gov’t Considers Steps to Curb Car Price HikesStudy underway ahead of excise exemption expiry. Potential 10–30% increase feared if no mitigations are introduced.Global & Geopolitical Outlook🤝 Apple to Pay Google $1B/Year for AI in SiriMajor shift in consumer tech strategy. Partnership could reshape voice assistants and raise competitive stakes in 2026.💥 Nexperia Supply Disruption Hits NissanInternal dispute at Chinese chip plant halts production, forcing Nissan to scale back Rogue SUV output. Supply chain fragility resurfaces.🪙 Bitcoin Faces Worst Week Since MarchUS$300B sell-off wipes out key support levels. Investor sentiment turns risk-off across crypto markets.☕ Typhoon Hits Vietnam Coffee CropsKalmaegi damages major production zones—potential bullish pressure on global coffee futures.🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

In today’s episode, we explore how strong corporate wins, pivotal court rulings, and shifting global trade alignments are reshaping Malaysia’s financial and policy landscape. From tax victories and data center warnings to LNG deals and landmark legal liabilities—this week’s developments cut across sectors and borders.Malaysian Corporate & Market Developments🏦 YTL Power Wins A$284M Tax AppealMajor legal victory in ElectraNet disposal case preserves group capital and boosts investor confidence.🌾 SD Guthrie Q3 Profit Jumps 22%Driven by land sales and downstream gains. New MD Mohd Haris to take helm in Jan 2026—steady leadership transition.🏗️ Kerjaya Prospek Secures RM87.7M E&O ContractOrder book hits RM3.6B. Strong revenue visibility reinforces construction momentum.📱 Maxis Set for Stable Q3, Dividend to HoldPostpaid growth underpins earnings expectations. Forecast payout: 17 sen per share.🖥️ VSTECS Rides Data Center Demand WaveStrong Q3 expected as fit-out equipment sales surge. Malaysia’s digital buildout provides tailwind.🎢 Genting Malaysia Volatility Deemed LegitimateGov’t links price swings to weak results and external factors. Still, pre-privatization timing raises eyebrows.📉 NexG Plunges to 6-Month LowCompany claims no explanation. Investor unease continues amid rising small-cap scrutiny.🧭 Leadership Overhaul at Jasa KitaDatuk Yasmin Mahmood and Datuk Seri Iskandar Mizal appointed. New direction focuses on core strength and diversification.🏨 Berjaya Land Secures US$70M for Japan ResortEXIM Bank backs overseas push with Islamic financing for Okinawa Four Seasons project.🛬 Sandakan Airport Upgrade Under ReviewTransport Ministry, MAHB eye dedicated airport fund to streamline regional development.🛢️ Petronas Inks 20-Year Canada LNG DealPembina Pipeline partnership secures liquefaction capacity—boosts global LNG positioning.Political, Legal & Policy Headlines⚖️ Landmark Ruling in Pastor Koh DisappearanceGov’t, police found liable. RM4M awarded plus RM10,000/day penalty until he is located—now totalling RM37M.🕯️ Amri Che Mat Case Sees RM3M AwardCourt condemns police failure to investigate. Orders probe reopened—marks a rare state accountability precedent.💰 Daim Family Allowed to Challenge MACC FreezeCourt finds prima facie case. Raises serious questions about prolonged asset seizures under AMLA.📈 Earnings vs. Energy Use: Data Centers FlaggedOnly 47% of booked power is being used. Gov’t pushes new facilities toward 85% utilization to avoid stranded assets.🌍 Malaysia Mulls Carbon Tax from 2026Initial RM15/tonne on heavy industries could raise RM1B/year. Modest rate, but sets climate pricing precedent.📦 Maersk Opens APAC’s Largest Distribution HubNew Shah Alam facility highlights Malaysia’s growing role in global supply chain realignment.Global & Geopolitical Outlook🔋 US Invests in Rare Earths, China RespondsTensions ease temporarily as China halts tariffs on US farm goods after US cuts fentanyl-linked levies. Grain prices rise.📉 MAS Warns on AI Stock ValuationsSingapore central bank joins global caution chorus. Tech sector faces pressure amid profit-taking and overvaluation fears.🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

Malaysian Corporate & Market Developments🏗️ Binastra Secures RM188.5M Data Centre DealFifth major contract in Cyberjaya cements its growing role in digital infrastructure. Annual contract value now exceeds RM2B.🚢 Westports Profit Climbs 16%, Warns on TariffsQ3 results strong, but caution lingers as global trade tensions and US tariffs may dent future volume growth.🧪 Lotte Chemical Faces Losses Through 2027Analysts raise survival concerns amid weak margins and looming US$180M debt obligations starting 2026.🏘️ Tanco Hit by Sudden Selloff, Triggers IDSS HaltUnusual MD trading activity precedes a sharp 16% drop. Regulatory attention intensifies.📉 NexG Sinks 20%, Flagged for Market ActivitySix-month low prompts unusual market activity query. Signals broader caution in small-cap space.💱 Ringgit Nears 1-Year High on Economic OptimismSupported by stable interest rate outlook and growth confidence. MUFG sees potential for RM4.15/USD by year-end.Political & Policy Headlines🧾 Employment Insurance Scheme to ExpandNew bill proposes broader EIS coverage, including jobseekers. Key addition: RM1,000 mobility aid for relocations over 100km.⛽ Budi95 Fuel Subsidy Tiered for E-Hailing DriversNew quota system offers up to 800L/month based on mileage. Full benefits for drivers clocking over 5,000km. Includes airport taxis.⚖️ Legal Updates: 1MDB Trial Verdict Set, Ilham Tower Dispute Moves ForwardNajib’s verdict due Dec 26. Daim’s widow granted court leave to challenge MACC tower seizure — key signals for regulatory outlook.Global & Geopolitical Outlook🔋 US Injects $600M into Rare Earth ProductionMove to reduce dependence on China marks another phase of tech supply chain decoupling. Vulcan Elements to lead domestic effort.📉 Wall Street Warns of Correction RiskTop CEOs (Goldman Sachs among them) anticipate a 10–15% market pullback. Valuations seen as stretched, caution rising.🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

In today’s episode, we track a wave of bold corporate shifts, evolving policy signals, and rising global tensions. From Genting’s privatization bid to AI chip crackdowns and energy megadeals, the week reveals a balancing act between domestic momentum and external risks.Malaysian Corporate & Market Developments💼 Genting Moves to Privatize Genting MalaysiaOffer crosses 50% threshold, making delisting likely as parent aims for streamlined control and structure.🛢️ Petronas & ENI Form $15B Upstream JVRegional energy push kicks off with 300k bpd production; target is 500k. New entity spans Malaysia and Indonesia.✈️ Capital A Plans Bahrain Hub to Link ASEAN & BeyondMiddle East expansion includes MRO, logistics, and 25 daily flights by 2030 — connecting Asia to Europe, Africa.🌱 Wasco Green Energy Preps December IPOShareholders approve spin-off. Up to 37% stake on offer to fund industrial decarbonization projects.🐔 Farmiera IPO Sees Strong Retail DemandOversubscription signals appetite for consumer staples despite wider market volatility.📉 MMAG Holdings Hits Limit Down; Director QuitsSharp drop triggers UMA query. Company cites no known reason amid executive departure.🚨 Destini Faces Suspension Over Late ReportingAnnual report delays could cost listing status despite return to profit. Deadline looms on Nov 7.Political & Policy Headlines🏭 October PMI Slips to 49.5 Amid Softer OrdersFactory activity contracts slightly, but Q3 GDP grows 5.2%. Sentiment still upbeat among manufacturers.💸 Tax Overpayment Offsets ScrappedFirms can no longer carry forward excess payments. Gov’t pushes for better upfront estimates, revisable thrice a year.⛽ Fuel Subsidy Scheme for E-Hailing Drivers TweakedBudi 95 program adjusts eligibility this month. Current cap at 600L/month for full-timers under review.🏥 ‘Rakan KKM’ Premium Service Launches in CyberjayaHealth ministry to roll out paid tier in public hospitals. Aims: retain talent, generate revenue — but faces two-tier criticism.🚆 RTS Link Enters Testing Phase in DecemberJB-Singapore rail project remains on track for Jan 2027 opening. Bukit Chagar station construction completed.Global & Geopolitical Outlook📃 Mahathir Critiques US Trade Pact; Gov’t RespondsFormer PM claims constitutional breach. AGC cites exit clause under Article 7.5 as safeguard.🌴 EUDR Threatens Palm Oil Exports, MPOB WarnsEU regulation seen as biased; CPO prices remain firm at RM4,300–4,600/tonne due to delayed peak output.💻 Nvidia AI Chips Reserved for US Firms OnlyTrump-era policy shift blocks China from latest Blackwell chips. Global tech supply chains brace for ripple effects.📊 Global Factories Struggle; US Tariffs BlamedSurveys show export orders slowing. Pricing and uncertainty linked to tightening trade policies.🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

In today’s episode, we cut through an event‑packed week — from earnings shocks and restructuring plays to a U.S.–China trade breakthrough and Malaysia’s tightening governance agenda.It’s all about connecting the dots between global volatility and Malaysia’s domestic response.Corporate & Market Updates📉 Bursa Malaysia Cuts 2025 Profit Target* Forecast trimmed from RM369–408 M → RM314–347 M PBT.* Q3 net profit down 25%+ — subdued trading sentiment drives caution.🚬 British American Tobacco (BAT) Plunges 90% YoY* Q3 profit hits record low on display bans & pictorial warnings.Sales volume for combustibles nearly halved — a direct regulatory hit.📊 CTOS Digital: Revenue +4%, profit –10.4% — higher costs & lower associate income.🏢 Pavilion REIT: NPI +10% on new assets (Banyan Tree KL & Pavilion Bukit Jalil).🌴 Chin Teck Plantations: 5× profit boost from one‑off land sale; warns FY 2026 to normalize.Restructuring & Corporate Strategy✈️ Capital A Targets PN17 Exit by December* Airline consolidation on track; pivoting to AirAsia Next Digital Services (NASDAQ).🏢 EWI Capital Shifts to Investment Holding* Investing RM276.5 M in Australian office fund ( >10% target returns ).🚚 Pharmaniaga Buys RM30.5 M Warehouses* Facilities inn Terengganu & Sarawak to bolster distribution; PN17 exit planned  Q1 2026.🧰 AWC Secures RM99 M Facilities Management Deal* 5‑year contract with TM Technology Services adds visibility to earnings.🐠 Aquawalk Group Plans ACE Market IPO* Operator of Aquaria KLCC to fund upgrades & new oceanariums in Kota Kinabalu and Java.🛫 Ascend Airways Malaysia Cleared for Operations* Launching cargo flights in November.📈 Perak Corp Hits 6‑Year High* Company  “cannot explain” rally; exploring ventures⚖️ KNM Group Shareholders Adjourn EGM * on German unit sale to post‑delisting.🏦 CIMB Niaga (+3%) 9‑Month Profit Rise * Resilient loan growth in Indonesia.Policy, Politics & Reforms🏠 Five Housing Reforms Coming in Nov* Goal: Eliminate abandoned projects by 2030.* Push for 10:90 build‑then‑sell model to protect homebuyers.🧱 SG4 States Push for Fair Rare Earth Revenue* Opposition‑led states demand equitable profit sharing; warn Putrajaya against repeating oil royalty disputes.🤝 Malaysia‑US Reciprocal Trade Deal Signed* Focus: data centers & AI investments.* Contains exit clause to preserve sovereignty amid foreign investment push.🩺 Lindung 24/7 Social Security Scheme Under Review* Employers call for sustainable contribution rates; actuarial reform pending.🛂 Advanced Passenger Screening System (APSS) Launched* Real‑time border control upgrade to combat illegal entries & fraud.🚨 Online Fraud Crackdown: * > 2,000 arrests for mule accounts.📑 MyCC Fines 26 Companies RM97.3 M * for bid‑rigging cartels.⚖️ Legal Front* 1MDB Tanore Trial: Prosecution calls Najib “orchestrator,” not victim.* Lim Guan Eng Case: Defense challenges MACC bias claims.* Telegram Ordered to Shut Down Edisi Siasat & Edisi Khas channels over harmful content.Global Markets & Geopolitics🇺🇸🇨🇳 Trump & Xi Trade Deal* U.S. cuts some tariffs (fentanyl goods → 10%).* China pauses rare earth export controls for a year.💰 U.S. Fed Cuts Rates by 25 bps* Chair Powell signals likely pause for 2025 — policy uncertainty remains.🚗 Global Auto Output Threatened by Chip Shortages* Vehicle control chip exports stalled amid trade dispute.⚔️ U.S. Defense Shift* Trump orders nuclear  weapons testing to resume; approves South Korean nuclear sub build.🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

Today’s episode dives into a fast-changing landscape: Malaysia’s booming digital infrastructure, regulatory showdowns, strategic energy moves, and the global tech surge led by Nvidia’s US$5 trillion moment.We break down what’s unfolding locally — and why it matters globally.Corporate & Capital Markets🚧 IJM’s RM873.9M Win at Elmina* New contract for M&E and Fit-Out works at Elmina Business Park.* Follows last week’s RM1.26B data centre contract.🇬🇧 PNB & EPF Reaffirm Battersea Commitment* No plans to sell London’s Battersea Power Station.* Acquired in 2019 for RM8.86B, it’s a long-term strategic asset.⚖️ KNM Seeks to Delay Asset Sale Vote* Requesting to move vote on DKNM sale until after its Nov 5 delisting.* Bursa Malaysia continues legal action to safeguard listing integrity.🌍 Lynas Invests RM500M in Rare Earth Expansion* Heavy rare earth separation facility to start Samarium production by Apr 2026.🧠 Zetrix Reviews Worldcoin Tie-Up* Scrutinising partnership amid regional regulatory crackdowns.✈️ Capital A Clears Final Hurdle for Consolidation* Set to consolidate AirAsia under AirAsia X, part of PN17 exit plan.🏢 KIP REIT Q1 Net Property Income +51%* Gains driven by new acquisitions.* Yield at 8.1% — strong performance in current market.🏗️ Meridian Gets PN17 Plan Extension* Third extension granted, now has until March 2026 to submit regularisation plan.Policy, Reform & Governance⚖️ Proposed AG–Public Prosecutor Split* Gov’t considers separating roles to reduce conflict of interest.* Public Prosecutor could be appointed by the King, advised by Judicial & Legal Service Commission.🤝 Minister Zafrul on US–MY Trade Pact* “Six months of night-owl negotiations”* Describes pact as fast-tracked economic safeguard amid global uncertainty.🔌 ASEAN Power Grid Works in Real Time* During Oct 15 outage: Singapore sent 500MW, Thailand sent 300MW.🕵️ MACC Open to Investigating KLIA Aerotrain Issues* Will look into potential corruption behind repeated disruptions.📚 1MDB Update* Prosecution calls Najib’s defence evasive and fabricated as legal battle continues.Global & Tech Front💻 Nvidia Hits US$5 Trillion Market Cap* First company ever to do so — driven by global AI chip demand.🚀 Elon Musk’s $1 Trillion Pay Package Faces Pushback* Unions and investors raise concerns about governance and executive power.📉 Telenor Writes Down US$50M on Malaysia 5G Costs* Related to increased infrastructure costs at CelcomDigi.🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

In today’s episode, we unpack a pivotal mix of corporate showdowns, billion‑ringgit financings, and global tech‑energy shifts shaping Malaysia’s economy. From Bursa’s courtroom move to Monash’s RM2.8 billion AI campus, it’s a snapshot of transformation — and tension.Corporate & Market Highlights⚖️ Bursa Takes MAA Group to Court* Bursa Malaysia seeks an injunction to block KNM’s Oct 30 EGM.* The meeting would vote on selling Deutsche KNM for RM1.34 billion.* KNM, a PN17‑listed firm, views the sale as vital to settle RM1.3 billion debt.💰 SP Setia Lines Up RM4 Billion Sukuk Programmes* Two Islamic note issues: RM3.5 B Sukuk Wakalah + RM500 M ICP.* Provides flexible capital for expansion and green‑financing issuance.🌴 Plantation Privatisation Targets* Sarawak Oil Palms & Hap Seng Plantations tipped by Maybank IB.* Trading at 37–50% discounts to land value; both have net‑cash balance sheets.🌬️ Yinson Renewables Gets NZ Approval* Cleared by New Zealand’s Overseas Investment Office.* Unlocks new wind‑energy projects — key step in its regional pipeline.🥫 Nestlé Malaysia Q3 Net Profit +34% YoY* RM414 M profit on stronger sales & cost discipline.* Declares 60 sen dividend, signalling sustained consumption recovery.🎓 Monash University Malaysia Announces RM2.8 B TRX Campus* Opening by 2032 | Capacity: 22,500 students.* Focus: AI, cybersecurity, advanced manufacturing.Policy, Politics & Governance🇲🇾 Anwar Defends US Trade Deal Sovereignty* PM insists the pact protects national interests.* Parliament’s Special Select Committee to review on Nov 12,focusing on Article 5.1, which critics fear could force alignment with US trade sanctions.🏦 BNM to Share FX Data with US Treasury* Semi‑annual, 6‑month aggregated reporting on FX flows.* Follows Malaysia’s removal from the US currency‑manipulation watchlist.Global & Tech Front🧠 Amazon Cuts Up to 18,000 Jobs Amid AI Adoption* Automation replacing white‑collar tasks; clear sign of AI’s labour impact.⚛️ China Doubles Global Spend on Next‑Gen Nuclear* Bill Gates: Beijing investing 2× the rest of the world in fusion & fission.🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

In today’s episode, we unpack a fast-moving mix of local tech momentum, major policy shifts, and Malaysia’s delicate positioning in the global trade chessboard. From ACE Market euphoria to US-China trade diplomacy, it’s all about navigating opportunity — and risk.Corporate Highlights🚀 Insights Analytics Smashes ACE Market Debut* Shares soared +81% on first day* Raised RM43.6M for West Malaysia expansion* Big bet on digital twin tech in smart cities, ports, and utilities🔧 IJM Corp Lands RM1.26B Data Center Deal* Hyperscale project at Elmina Business Park* More MEP work (RM1B+) potentially on the table🏗️ Broad Contract Momentum* MGB wins affordable housing job (order book: RM1.25B)* AWC secures RM82M FM contract in Putrajaya* LBS Bina & Oriental team up on RM600M JV in Melaka* Perak Transit moves ahead with terminal projects despite stock slump🏢 KNM Drops Delisting Appeal* Eyes survival, not status* Sale of German unit (RM270M) critical to shed RM1.3B debt💼 Mulpha Sells London Marriott Stake* RM190M divestment to fund new local investmentsPolicy & Regulation Watch🌏 Rare Earth Export Ban Clarified* Applies universally — no raw exports to US, China, Japan, or Korea* BUT: Malaysia–US deal exempts processed minerals📦 US Chip Tariff Pressure Eases (for now)* PM Anwar: tariffs “not an issue”* Trump to revisit “at appropriate time”* Malaysia’s new trade commitments may influence future decisions🚚 Zero Tolerance for Overloaded Lorries* Transport Minister Loke doubling down on enforcement🏘️ Crackdown on Abandoned Housing Projects* Govt mulls travel bans on directors of blacklisted developers* 107 abandoned projects as of Sept💳 Premium Healthcare Expansion* Rakan KKM “premium economy” services still planned for CyberjayaGlobal Trade, Energy & Tech🤝 US–China Trade Talks Continue in KL* Malaysia hosts top-level talks through Oct 27* Hopes rise after Trump’s Japan visit⚡ IEA Outlook: Oil & LNG Prices to Ease* LNG becoming buyer’s market🧬 AMD Lands $1B US Supercomputer Contract* “Lux” & “Discovery” to support AI, nuclear, and medical research🚗 XPeng Eyes Malaysia as EV-AI Hub* Looking to tap local semiconductor talentLegal & Compliance Updates👤 IRB Sues Muhyiddin’s Son-in-Law* RM2.5M in alleged tax arrears and penalties📄 Farhash vs Rafizi* Defamation suit filed, seeking RM10M🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

In today’s episode, we unpack a split market story — surging optimism in Malaysia’s tech sector versus geopolitical uncertainty unfolding right here in Kuala Lumpur. Semiconductor recovery, regulatory pressure, and diplomacy all collide in one eventful week.Tech & Market Highlights⚙️ Chip Comeback in Full Swing* ViTrox Q3 profit jumps 50%* UWC sees seven‑fold growth in Q4💥 Tariff Threats Still Loom* President Trump hints at 100% chip tariffs🚀 THMY Holdings Skyrockets on Debut* Shares tripled on first day — best ACE Market debut in two years* Plans to quadruple capacity by 2029, funding new AI‑driven factoryEnergy, Governance & Corporate Risk⛽ Petronas Profit Down 19% (H1 2025)* Global crude average: US$71.87/barrel* Highlights volatility between record upstream investment (RM256B since 2018) and falling returns⚠️ KNM Faces Bursa Warning* Bursa flags MAA Group’s non‑compliance in proposed RM270M German unit sale* Needs 75% shareholder approval; tight Oct 30 debt‑settlement deadline📉 Perak Transit Plunges Amid Insider Trades* RM360M market value wiped; stock hits 5‑year low* MD actively buying and selling shares during turbulenceRenewables & Regional Projects🌞 Sarawak’s Solar Push* Zecon signs 30‑year deal to build & operate 100MW solar plant for SescoDiplomacy & Policy Front🤝 US‑China Trade Talks in KL* Held Oct 24–27 — rare earths, tariffs, and tech supply chains on the table🕊️ Thailand–Cambodia Peace Deal Nears Completion* Expected to be signed at Asean Summit in KL; President Trump may witnessGlobal Energy & Market Moves🛢️ Oil Prices Spike 5%* Triggered by new US sanctions on Lukoil & Rosneft* China—major importer—hit hardest; OPEC signals possible output hike🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

In today’s episode, we explore two major currents shaping the landscape: rising market volatility and growing corporate and policy accountability — from dramatic stock swings and lawsuits to infrastructure moves, policy pivots, and global tech competition.Market Watch & Corporate Headlines📉 IOI Corp Faces KLCI Exit Risk* Failing liquidity requirements may see it replaced by Westports Holdings* Index reshuffling could trigger fund rotation and renewed volatility🚨 Perak Transit in Freefall* Stock lost nearly 50% in one day* Company says “business as usual” — fundamentals unchanged⚖️ Petronas Gas Hit with RM68M Class Action* Linked to April’s gas pipeline fire in Putra Heights* Negligence allegations could set precedent for infrastructure liability🚄 MAHB Points Finger Over KLIA Aerotrain Woes* Holding Alstom & IJM-Pestech JV accountable for 3 breakdowns* All within defect liability period; independent review launchedGreen Energy & REIT Updates🚀 Verdant Solar Pops 19% on ACE Debut* Riding strong solar sentiment* Capital raised will fuel M&A-driven diversification beyond residential projects🔌 Zecon Bags 30-Year Solar Deal in Sarawak* 100MW plant to supply Sesco* Aligns with Sarawak’s large-scale solar energy roadmap🍺 Heineken Defies Headwinds* Q3 beer volume grew despite looming 10% excise duty hike* Price increases of 3–15% expected — but historical data shows limited earnings impact🏢 REITs Hold Firm* IGB REIT, IGB Commercial, CapitaLand Malaysia Trust post stronger net property incomePolicy, Governance & Legal💰 Sabah Revenue Ruling in Focus* PM Anwar acknowledges court-ordered 40% share claim* Balancing act with existing RM17B federal allocations🌊 Flood Risk Now Part of Housing Project Approvals* Integrated into technical reviews going forward* But fixing legacy drainage systems remains a major challenge📵 Prepaid SIM Limit to Fight Scams* Limit: 2 lines per telco (Malaysians); 2 total (foreigners)* Aims to cut scam lines and deepfake frauds🏦 BNM Tightens AMLA Procedures* Banks must provide written notice with reasons for account closures under AMLAMacro View📈 Inflation Inches Up* September CPI: +1.5% YoY* Still muted, but...⚠️ Debt Servicing Burden Growing* Projected to hit 17% of revenue by 2026* GST Coming back?Global & Tech🇨🇳🇺🇸 US-China Trade Tensions Persist* China’s exports to US holding strong at ~$1B/day* Early signs of decoupling in sectors like gaming consoles🧠 AI Arms Race Intensifies* OpenAI launches ChatGPT Atlas, a direct browser competitor to Google* Google fires back with Quantum Echoes — promising supercomputer-class speed* Meanwhile, Meta cuts 600 jobs in AI to “accelerate decision-making”🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

In today’s episode, we unpack the tug-of-war between bullish long-term optimism and short-term caution in the Malaysian market — from UOB Kay Hian’s Buy call to foreign outflows, corporate plays in green energy, and political shifts abroad.Market & Corporate Headlines📈 UOB Kay Hian Turns Bullish on Bursa* Upgraded to “Buy” with a RM9.80 target price* View: US rate cuts will bring capital back to emerging markets like Malaysia⚠️ PNB’s Stark Warning* CEO Abdul Rahman calls for transformation or face “another lost decade”* Points to KLCI’s poor shareholder returns over the past 10 years🔋 Solarvest Raises RM254M for Expansion* Private placement funds earmarked for 3 major solar projects* Locations: Perak, Sarawak, Kuala Langat🌊 Vantris Energy (ex-Sapura) Secures Saudi Aramco Deal* 7-year diving support contract, starts May 2027* Diversifies revenue outside Malaysia and stabilizes cash flow📦 PPB Group Minimizes Indonesia Risk* Clarified that Wilmar’s sugar issue has no material impact* US$2.5M deposit flagged by regulators, but financials unaffectedFund Flows & Market Sentiment📉 Foreign Outflows Continue* RM962.8 million net selling last week* Sectors hardest hit: Financials, Healthcare, UtilitiesPolicy, Trade & Regional Diplomacy🇲🇾🇺🇸 Trump’s Visit to Asean Summit Confirmed* Scheduled for Oct 26–28 in Malaysia* PM Anwar: Focus on trade, investment, Gaza, regional diplomacyGlobal Headlines & Commodities🇯🇵 Japan Elects First Female PM* Sanae Takaichi ushers in a hard-right shift* Economic outlook: Return to Abe-style stimulus* Market response: Positive on “Takaichi trade,” but long-term debt concerns loom🥇 Gold Tumbles 6.3% – Biggest Drop in 12 Years* Causes: Easing US-China tensions + stronger USD* Suggests: Risk appetite rebounding — temporary retreat from safe havens🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

Today’s episode spotlights the tension between Malaysia’s domestic strength and rising global headwinds — from Genting’s market rally and Moody’s credit warning, to SME credit risk, KLIA breakdowns, and intensifying global tech trade friction.🏢 Corporate & Financial Highlights🎰 Genting Rally vs Moody’s Warning* Genting shares surged on optimism over a New York casino license* BUT: Moody’s placed Genting on review for downgrade* Concerns over RM6.3B debt for GenM acquisition🏢 SMEs Facing Credit Strain* Bank Negara: Impaired loan ratio for SMEs rose to 3.6%* Persistent cost pressures despite solid macro conditions🌱 KWAP Launches Dana Iklim+* Malaysia’s first climate-focused investment fund* Targeting RM2B in green investments* Goal: Reduce up to 1 million tonnes of CO₂📉 Macroeconomy & Infrastructure📊 3Q GDP Expected to Ease Slightly* Forecast: Around 4.2% growth, down modestly* Cause: Normalising exports post-August US tariffs✈️ KLIA Aerotrain Under Fire* 20 incidents since July restart* MOT considering fines; independent review underway⚡️ Post-Outage Power Sector Push* CGS International calls for new investment cycle* Nuclear option? Rosatom suggests floating power units (FPUs) by 2031🛡️ Policy, Trade & Regulation🚫 Malaysia Tightens Export Controls* Focus: Dual-use tech with military potential* Strategic Trade Act invoked in response to potential US tariffs (up to 300%)📉 Debt Sustainability Under Pressure* Fiscal deficit target: 3.8% of GDP (2025)* Debt-to-GDP ratio now 64.7% (legal ceiling: 65%)* Debt servicing forecast to hit 17% of revenue (2026)🌍 Political & Global Highlights🗳️ Sarawak Election Set for Nov 29* Nomination day: Nov 15* EC confirms it won’t conflict with SPM exams🖼️ 1MDB Asset Recovery Update* Efforts ongoing via National Visual Arts Board* Artworks by Basquiat, Picasso already sold & proceeds recovered⚖️ Sulu Arbitration: Major Legal Win* Spanish Supreme Court upheld conviction of arbitrator Gonzalo Stampa🌐 Rare Earths & US-China Tensions Escalate* China defends export controls* US exploring direct equity stakes in firms like Intel, rare earth miners🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

Today’s deep dive explores major corporate wins and growing risks — from NexG’s latest government deal to Tenaga’s regional power ambitions, retail IPO momentum, AI mega-investments, and Malaysia’s narrowing fiscal room. Big infrastructure, big opportunity, and big pressure.🏢 Corporate Moves & Market Signals🪪 NexG Lands 3rd Gov Contract, But Board Quits* 18-month extension to supply foreign worker cards* Adds to MyKad + passport contracts* BUT: Five directors resign unexpectedly🔍 HeiTech Padu Contract Jumps RM58M* NIISe deal now totals RM1.05B* New biometric system (ABIS) added🔋 Tenaga-Sarawak Power Link Plan* Seeking consortium partners for a 700km undersea cable* Goal: Transmit 2,000MW of Sarawak hydropower* 70% of output earmarked for Singapore🥐 Retail IPOs: RT Pastry & Goldfinch Group* Both heading to the ACE Market* Expansion focus: East Coast & Southern Malaysia⚡️ Infrastructure, Energy & Fiscal Watch⚡ Power Outage Highlights Grid Fragility* Lightning strike at Edra Melaka, the country’s biggest gas plant* Caused blackouts across Klang Valley & Johor Bahru📉 Fiscal Deficit: On Target, But Tightly So* Govt sticking to 3.8% deficit target (2025)* Federal debt at 64.7% of GDP (legal limit: 65%)* Debt service to hit 17% of revenue in 2026 (legal limit: 15%)🧑‍⚖️ Policy & Regulation👶 Govt to Enforce eKYC for Social Media* Aims to block under-13 users & curb scams* 78% of scam content traced to Facebook🌏 Global Moves & Market Forces🏅 Gold Hits US$4,200, Copper Surges* Gold climbs on rate cut expectations + safe haven demand* Copper may touch US$12,000/tonne💾 AI Deal of the Year: Aligned Data Centers* US$40B acquisition backed by Nvidia & BlackRock* Signals scramble for AI infrastructure control🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

Today’s episode covers Genting Malaysia’s takeover twist, big domestic expansion bets in property, logistics, and EVs, plus global tensions driving market volatility. From LRT tenders to crypto crashes, we break down the stories shaping your portfolio.🏢 Corporate Moves & Market Trends🎰 Genting’s RM2.35 Offer Sparks Debate* Genting Bhd launches a conditional voluntary offer* Analysts split:* Undervalued due to Miami land + NY casino license catalysts (worth up to RM1+ per share)* OR attractive exit above some target prices🍗 CAB Cakaran Goes Big on Retail & Feed* RM100M expansion plan: grow Kyros Kebab outlets from 25 to 100+* Strategic acquisition of Cargill’s feed ops = vertical integration & margin boost🚆 MRT Corp Opens Penang LRT Bids* Focus: sea crossing viaduct package* Updated ceiling: RM16.8B📦 Southern Cable’s RM259M Placement* Expand cable output by 25%, triple aluminium rod capacity by 2027* Target: 30% of revenue from overseas🔋 Sapura Industrial Enters EV Supply Chain* JV with Singapore partner to manufacture lithium battery parts⚖️ Grab Wins in Court, Avoids RM86.8M Fine* Federal Court dismisses MyCC appeal* Major legal victory for the ride-hailing giant💰 Velesto Energy Dividend Buzz* Maybank IB sees potential 3 sen dividend (12% yield)* Strong cash flow backing the view🏭 KNM Group Warning from MAA* RM100M lifeline hinges on Deutsche KNM sale by Oct 30* High-stakes countdown continues💼 Policy, Regulation & Governance📉 Hire Purchase Act: Big Consumer Win* Abolishes Rule of 78* Early settlements now benefit from reducing balance model📊 1MDB Recovery Hits RM20.7B* Funds recovered from Goldman Sachs, AmBank, JP Morgan* All redirected to the asset recovery trust account📈 Ringgit Strengthens 5.8% YTD* PM cites overseas travel uptick* Malaysia now assessing how to keep local tourism spots competitive (e.g. Langkawi)🌍 Climate Bill Delayed* More industry engagement needed* Carbon tax discussions ongoing🚛 JPJ Launches Crackdown on Overloaded Trucks* Repeat offenders risk permit termination🏗️ Infrastructure & Energy🔌 Cable Theft Hitting ECRL Hard* 32+ incidents since June* Over RM3M in losses for China Communications Construction🧭 Political & Legal Updates🚫 Bersatu Expels Wan Saiful, Suspends Another* Internal party discipline heating up⚖️ Tax Ruling: Directors’ Fees = Business Income* Court of Appeal ruling now final🌍 Global Headlines & Economic Shifts🌐 US–China Trade Spat Escalates Again* New port fees targeting shipping firms📉 Crypto Markets Crash $150B* Bitcoin drops to $111,500* Driven by trade friction jitters🛢️ IEA Predicts Major Oil Glut by 2026* Surplus of 4 million barrels/day expected* Slower demand + EV growth = lower oil outlook📈 IMF Lifts 2025 Growth to 3.2%* But warns: tariffs & protectionism could dent long-term prospects🏦 Big US Banks Beat Earnings* Goldman Sachs, JPMorgan shine🤖 AI Bubble Worries Growing* 54% of global fund managers (BoA survey) believe AI stocks are overvalued🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

Today’s episode dives into Malaysia’s corporate turnaround stories, strategic plays abroad, and rising geopolitical tensions that ripple right into local markets. From Top Glove’s first post-pandemic profit to the latest in rare earth politics, we connect the dots so you don’t have to.🏢 Corporate Moves & Market Signals💸 Public Bank Stake Trimmed for Compliance* Founder’s estate sold 50M shares* Stake now at 22%+🧤 Top Glove Returns to Profit* FY25 profit: RM109M — first since the pandemic* Boosted by 75% utilization and 80% US tariff on Chinese gloves🏥 IHH Sticks to Fortis Offer Despite 8x Price Jump* Proceeding with mandatory open offer for 26% stake in India’s Fortis⚙️ KNM Rejects MAA’s EGM Request* MAA wanted shareholder vote on Deutsche KNM sale* KNM board says sale (RM270M) is key to RM1.3B debt restructuring🛢️ NuEnergy Takeover Completed by Agrobulk* Offer price: RM0.60/share🌐 Ramssol Appointed Tencent Cloud Distributor* Covers 6 ASEAN markets* Includes AI-powered “digital humans”⚖️ Policy, Regulation & Consumer News📄 Court: Director Fees Are Business Income* Court of Appeal rules for independent non-executive directors🧑‍💻 No Mandatory Socso for Gig Workers (Yet)* Govt emphasizes flexibility for gig economy* Says contribution rules may be reviewed in future🏦 Felda’s RM2.77B Loan Repayment Due* Eagle High deal debt matures Oct 13⚖️ Petros vs Petronas: Not a Feud, Says GPS* Dispute over gas rights framed as state law enforcement, not rivalry🏗️ Lynas Facility Behind Schedule* 72% complete, 10% delay* License expires March 2026💰 Consumer & Legal Wins🚗 Hire Purchase Act: Major Consumer Win* Rule of 78 officially abolished* Early settlements now benefit from reducing balance method🌍 Global Headlines & Macro Shifts🕊️ Israel–Hamas Ceasefire Signed* Includes hostage exchange* US President’s initiative; activation expected within 72 hours of cabinet approval🧪 China Tightens Rare Earth Export Controls* Targets processing tech, especially in defense and semiconductors🌐 IMF: “Better than feared, worse than needed”* 2026 slowdown expected* Warns of AI bubble risk and geopolitical headwinds🇺🇸 Fed Signals Rate Cuts Ahead* NY Fed President backs more cuts* Due to softening US labor market🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

Today’s episode dives deep into Malaysia’s evolving corporate strategy, fresh consumer finance wins, and global economic anxiety. From major international tie-ups in housing and logistics, to the historic rise in gold prices, we track how local ambitions intersect with global headwinds — and what it means for you.🏗️ Corporate Moves & Strategic Shifts🏘️ SP Setia + Mitsui Fudosan JV* RM1.3B landed housing project in Setia EcoHill Semenyih* Mitsui’s first landed housing venture in Malaysia📦 Matrix Concepts x Golog Holdings MOU* RM8B Air Silk Road Dual Hub in Negeri Sembilan* AI- and IoT-powered logistics park across 618 acres🛫 Pecca & Betamek Diversify Beyond Auto* MOU to co-develop in-flight and railway entertainment systems🖥️ GUH Holdings: Two-Pronged Expansion* Investing in advanced PCBs for high-reliability industries* Launching RM1.2B SA Sentral property project in Penang💸 Tropicana Corp Pays Down More Debt* Redeems RM139M sukuk tranche* Over RM1.1B total repaid under this program⚖️ AT Systematization Scandal* Ex-director faces 41 charges tied to RM16.35M fund misappropriation💰 Consumer Wins & Policy Reforms📜 Hire Purchase Act Amended* Rule of 78 abolished* Loans now follow reducing balance method🧓 EPF Reform in Focus* Government considering a 2-account system* 📉 Just 23.9% of members aged 18–55 meet minimum savings🌏 International & Market Signals🎯 Gold Hits Historic US$4,000/oz* Driven by:* Geopolitical risk* US shutdown* Interest rate cut expectations💸 RBNZ Surprises with 50bps Rate Cut* Now at 2.5%🇺🇸 Trump’s ASEAN Summit Conditions Raise Tensions* Reported pre-conditions:* Oversee Cambodia–Thailand peace deal* Exclude Chinese officials🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

Today’s episode explores the sharp contrast between bullish corporate moves and cautious macro signals. From MMC’s delayed IPO and Binastra’s RM305M green energy project to World Bank concerns about Budget 2026 and trade headwinds, we connect the micro-moves with macro-pressures shaping the financial landscape.🏢 Malaysian Company & Market Moves🚢 MMC Port IPO Delayed to 2026* Postponed to include full FY2025 results📈 New ACE Market Filings: MM Computer Systems & Liftech Group* IPOs to fund expansion in IT services and crane manufacturing💰 Pawn Loans Back New Bond Class* New Paradigm Securities launches Asia’s first pawn loan-backed bond* RM231M raised amid soaring gold prices🧠 Insights Analytics Targets 38% PAT Margin* Intelligent asset management firm maintains high-margin outlook post-IPO🔋 Binastra Lands RM305M Solar PV + Battery Project* 65MW solar + 200MWh battery system in Johor⚖️ McDonald’s Wins Trademark Dispute vs. McCurry* High Court rules McCurry brand too close to McDonald’s🏛️ Policy, Budget & Legal Updates📊 Budget 2026 Preview* Headline spending expected to cross RM430B, but mostly operating expenditure* Development spending likely flat at ~RM86B📉 World Bank Revises Malaysia’s Growth Outlook* 2025 GDP: 4.1% (up slightly)* 2026 GDP: 4.1% (flat, with cooling demand and slow investment)💼 Muhyiddin Bribery Case Set for January* AGC rejects application to drop charges; trial proceeds🚬 Proposed Vape Tax Hike: 10X Increase* From RM0.40 to RM4.00 per ml🌏 Global Trade & Economic Outlook📦 WTO Slashes 2026 Trade Growth Forecast* Now just 0.5%, down from 1.8%* Blames delayed tariff effects, especially from anticipated US-China friction🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe