Malaysia Money Matters Daily News Podcast

From record-breaking overseas contracts and surging palm oil profits to major infrastructure incentives and a fresh fuel subsidy clarification — today’s stories reveal a clear double play: aggressive expansion abroad, and fiscal cushioning at home.Corporate & Market Developments🏗️ Gamuda Wins RM8B More in Australia* Secured RM7.32B Sydney Metro West Stations contract* Added RM718M wind farm civil works* Outstanding order book now at a record RM46B — a new high* Strategy: hedge domestic volatility by anchoring growth offshore🖥️ Sunway Construction Lands RM570M Johor Data Center Deal* Client: US-based tech multinational* Year-to-date wins: RM4.6B, pushing order book to RM6.1B* Reinforces Johor’s status as a rising tech infrastructure hub🌴 United Malacca Hits Record Quarterly Profit* Net profit up 79% to RM55.4M* Driven by 15% rise in fresh fruit bunch (FFB) output andprice hikes:* Crude palm oil: +6%* Palm kernel: +35%* Declared 7 sen interim dividend⚙️ Muhibbah Engineering Secures RM850M Petronas Job* Minor EPC works on offshore wellhead platforms (Terengganu)* Long-term play: earnings contribution expected through Q1 2029Policy, Governance & National Impact🛣️ Toll Hikes Frozen for 2026 — But at a Cost* Affects 10 major highways* Federal govt to compensate RM591.6M to maintain toll rates* Watchlist: Bina Puri, Taliworks Corp, Ekovest⛽ No Shift from Budi95 to EV Rebates* Govt reaffirms Budi95’s role as targeted fuel subsidy, not an EV incentive* Covers groups like 106,000+ e-hailing drivers* Rebuttal to suggestions of redirecting toward electrification💵 Ringgit Forecast: 4.00 by End-2026* ANZ Research sees strength driven by:* Stable BNM rate policy* Resilient local economic fundamentals* Reinforces RM stability amid global currency pressuresGlobal & Geopolitical Trends🔌 Google Challenges Nvidia with TorchTPU* New chips to work with Meta-backed PyTorch* Designed to reduce reliance on Nvidia’s CUDA ecosystem* Strategic move to lower switching costs for developers* Could shift AI chip dynamics across global markets💾 Micron’s Strong Forecast Signals Chip Surge* Q4 revenue guidance: up to US$19.1B* Driven by booming AI infrastructure demand* Suggests robust pricing power returning to memory chip players🎧 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

As Malaysian champions like Gamuda and Scientex push overseas to secure future growth, the government is sounding the alarm on its fiscal dependence at home. Whether it’s corporate restructuring, strategic expansion, or budget rebalancing — this week is all about financial discipline in a volatile world.Corporate & Market Developments🌊 Gamuda Lands RM2.7B Australia Contract* Awarded joint venture project with Samsung C&T for Tasmania’s Marinus Link Undersea Cable* Gamuda’s share: ~RM1.34B* Anchors its strategy to double engineering revenue and profit by FY2028, acting as a hedge against domestic infrastructure volatility🧤 Top Glove’s Profit Surges Seven-Fold* Q4 net profit hit RM38.58M, up from RM5.3M* Driven by inventory replenishment, not just cost cuts* Reactivating 4 idle factories, adding 6B pieces in annual capacity🏠 YNH Property Leadership Shake-Up* Shareholders ousted the founder’s son as director* Two nephews immediately appointed, including Yu Kai Leun as Group MD* Signals a shift toward tighter execution discipline and governance🏗️ Scientex Eyes Global Acquisitions* Q1 net profit rose 11% to RM142.9M* Domestic growth seen as limited; now targeting Southeast Asia, East Asia, and the US for new expansion⚙️ Vantris Energy Ownership Shift* Formerly Sapura Energy* RHB Bank exits, shares transferred to Maybank Group (now holding 19.36%)* Key part of debt restructuring: slashing borrowings from RM10.8B → RM5.6B to exit PN17 statusPolicy, Governance & National Strategy🛢️ Anwar: Reduce Reliance on Petronas Dividends* Current dividend: RM32B (2025)* Expected drop to RM20B (2026) = RM12B shortfall* Urgent call for new growth drivers amid oil price volatility🛂 Immigration Bill Passed — New Security Mandates* Operators of ships, planes, and trains must submit passenger data* Border agents to wear bodycams, with AI-equipped CCTV at entry points* Major tech upgrade in enforcement and passenger screening⚽ FAM Faces FIFA Sanctions Again* Fielding ineligible players results in reversal of 3 matches and a CHF10,000 fine* Follows prior sanctions for falsified documents* Highlights persistent compliance failuresGlobal & Geopolitical Signals🇨🇳 MetaX Surges 693% in Shanghai IPO* Pure AI mania lifts chipmaker to eye-watering debut* Signals China’s aggressive capital support for strategic tech sectors🇺🇸 Ford Slashes EV Lineup, Takes US$19.5B Writedown* Cancels multiple electric models amid waning demand* Massive impairment highlights growing uncertainty in US EV strategy🎧 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 break down a pivotal day defined by aggressive corporate expansion, global financial shifts, and a major political realignment at home. From Genting’s high-stakes New York gamble to a comprehensive cabinet reshuffle, the key question now is: can domestic ambition generate enough momentum to insulate Malaysia from mounting global headwinds?Malaysian Corporate & Market Developments 🎰 Genting Malaysia Secures NY License & US$5.5B Funding Resort World NYC wins near-term exclusivity for live table games by June 2026. However, net debt is set to hit RM10B as the group leverages up for this massive US bet. ⚡ TotalEnergies Powers Google’s AI Ambitions A massive 21-year deal secured to supply 1 TWh of renewable energy to Google’s Malaysian data centers. Simultaneously, the firm is divesting its SK408 Sarawak gas stake to PTTEP. 🦄 Bjak Targets Europe & IPO The insurtech unicorn plans a bold expansion into Spain and Germany by 2026, signaling confidence in scaling Malaysian tech to the West ahead of a future listing. 💰 Velesto Cashing Out Naga 3 Old rig sold for RM251M, with proceeds returning to shareholders. A classic asset-light move to optimize the fleet.📈 DNeX Joins FTSE4Good Dagang NeXchange enters the FTSE4Good Bursa Malaysia indices, validating its ESG commitment and opening doors to global green capital.Projects, Policy & Political Developments 👔 Major Cabinet Reshuffle Announced A comprehensive midterm realignment: 10 ministerial changes and 6 promotions. Key moves include Johari Ghani to MITI and Akmal Nasrullah to Economy, signaling a hard pivot toward execution. 🤝 Petronas-Petros Truce in Sight DPM Fadillah Yusof signals negotiations are progressing well, aiming for a settlement by early next year to avoid a protracted court battle over gas rights. 🚭 Full Vape Ban Confirmed Health Ministry confirms a cabinet memorandum is coming early next year to ban e-cigarettes and vapes completely, citing rising health risks. 🏗️ Bank Pembangunan Funds RTS Link Financing secured for the Coronation Square development in Johor, ensuring critical connectivity to the upcoming RTS station.Global & Geopolitical Outlook 🔔 NASDAQ Eyes 23-Hour Trading US exchange plans to launch near round-the-clock trading by late 2026. Banks warn of volatility, but global demand is forcing the shift. ⚠️ Shadow Banking Risks Hit $250T Financial Stability Board sounds the alarm on systemic risks as shadow banking assets surge, with specific concerns over murky data in private credit. 🚗 EU Reverses Combustion Engine Ban bowed to industry pressure, the EU is set to soften its 2035 ban on combustion engines. A major policy reversal driven by market realities.🎧 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

From record IPO optimism and AI-fuelled infrastructure contracts to unresolved airport issues and constitutional state rights — today’s stories reflect a nation pushing forward, but forced to confront the fundamentals that still hold it back.Corporate & Market Developments📊 KLCI Eyes Post-Covid Highs at 1,772 PointsAnalysts cite a near-perfect alignment of forces:* Anticipated US Fed rate cuts could channel foreign inflows* Strengthening corporate earnings & election-cycle momentum* Financial and consumer stocks expected to benefit most✈️ Malaysia Aviation Group Doubles Down on Premium Vision* Revenue goal of RM24.6B by 2030* Plans include 40 new Airbus planes, 50% capacity growth* But with a baggage mishandling rate of 5.45 per 1,000 passengers, well above target, premium positioning faces basic execution risks🏗️ Pasukhas Lands RM63.6M Data Centre Job in Johor* Contract from major US tech firm equals 5.6x its market cap* A pivotal win amid Malaysia’s growing AI infrastructure boom🔋 Solarvest Bags RM171.7M Solar Project Contract* Adds to momentum with Google-linked solar deal in Kedah* Underscores Malaysia’s rising global relevance in clean energy🥇 Poh Kong Profit Soars 85.6%* Gold retailer rides on safe-haven demand* Bullish on continued strength through 2026 amid geopolitical uncertainty🛢️ Farm Fresh Co-Founder Takes Profit* Loi Tuan Ee sells RM132.5M stake at record high* Still remains the largest shareholderPolicy, Governance & Legal🏗️ KLIA Weak Links Undermine National Branding* Despite aviation sector’s global ambitions, baggage & aerotrain issues persist* Highlights the execution gap between growth targets and ground infrastructure📜 Sabah Special Grant Doubles to RM600M* Interim solution as federal govt and Sabah negotiate updated formula* Rooted in Malaysia Agreement 1963, reaffirmed by court ruling* Opposition calls for state-level economic independence beyond grants🌐 MCMC Introduces Automatic Licensing for Big Platforms* From Jan 1, 2026, platforms with 8M+ users (e.g. WhatsApp, TikTok) will be regulated like telcos* Designed to enforce local accountability, fight illegal content, and protect user safetyGlobal Signals & Economic Outlook💱 Ringgit Forecast to Strengthen to 3.95/USD* Supported by AI-driven tech investment, particularly in data centres* Stronger MYR boosts imports but squeezes exporters — a policy balancing act🇨🇳 Xi Warns Against ‘GDP Obsession’* Urges shift to high-quality growth, discouraging data inflation* Could impact Malaysian raw material exports, but opens door for strategic tech partnerships📉 Malaysia’s Growth Theme: Operational Reality* With massive sectoral ambitions from aviation to AI* Success now hinges not on vision, but on delivery and execution🎧 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 cuts through the noise of big profit figures, record-breaking IPOs, and geopolitical signals to ask: what’s real, what’s sustainable, and what does it all mean for your portfolio as we head into 2026?Market & Corporate Headlines📊 Bursa Malaysia Ends 2025 with 60 IPOs — A 20-Year High* RM5.5 billion raised, reinforcing Malaysia’s Asean market leadership* But the final IPO — Wasco Greenergy — fell 12% on debut, highlighting growing investor selectiveness* CEO cited regulatory clarity in Indonesia, a market that contributes nearly 50% of Wasco’s revenue, as a key constraint🛢️ Vantris Energy (formerly Sapura) Posts RM4.27B “Profit”* But it’s not operational: RM4.47B gain came from debt forgiveness, not business growth* Core operations still in loss* New ownership by Maybank, CIMB, RHB shifts the story toward balance sheet repair, not full recovery — yet🥛 Farm Fresh Co-Founder Cashes Out RM132.5M Stake* Sold following a record-high share price* Signals confidence in value — or a strategic profit-taking move* Loi Tuan Ee remains largest shareholder🏗️ Landmark Ruling in K Residence Case* KL High Court: developers can’t offset maintenance fees with property or services* RM72.8M ruling clarifies expectations for cash settlement, setting a strong legal precedent for future disputes🚄 Gemas–JB Double Track Rail Line Officially Launched* Cuts travel time from 7 hours to just over 4* Strategic win for southern corridor mobility and regional economic productivity🌱 Jogmec–ECER Rare Earths Collaboration* Japan’s Jogmec to support Malaysia in verifying rare earth resources* Boosts upstream technical capacity in a globally strategic sectorPolicy & Legal Signals🧾 FATF Upgrades Malaysia — But Raises Concerns* Financial Action Task Force praises anti-money laundering framework* BUT: Only 52 convictions from 2,600+ cases* Enforcement bodies now under pressure to deliver real effectiveness, not just compliance optics🌐 Clarification on US–Malaysia Trade Deal* No challenge to Bumiputera rights in trade pact* Govt reiterates strategy of active neutrality: Malaysia remains open to both US and China without sacrificing core policiesGlobal Market Moves🏦 US Fed Cuts Rates by 25bps, Signals Long Pause* Only one more cut expected through all of 2026* Disappoints markets that had priced in a faster easing cycle* Adds uncertainty to rate-sensitive assets and global capital flows💻 Tech Selloff Led by Oracle’s AI Warning* Oracle shares slumped 13% after forecasting lower earnings and surging AI infrastructure costs* Raises big investor questions:How long can Big Tech burn billions on AI before results justify the spend?🎧 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 Podcasts Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

In today’s episode, we connect the dots between delayed infrastructure, booming industrial property, and a massive legal victory that could redefine investor confidence. As global tensions simmer and domestic reforms sharpen, Malaysia’s challenge is clear: deliver on ambition while preserving credibility.Malaysian Corporate & Market Developments🚇 LRT3 Shah Alam Line Delayed Indefinitely* Misses Dec 31 operations target due to 33 unresolved software glitches* Silver lining: Fixed-price contract shields the government from cost overruns — but the opportunity cost for businesses and commuters is mounting🏘️ Eco World Hits Record Earnings, Eyes RM4B in Sales* All-time high profit driven by booming industrial property* Land deals with Microsoft and Pearl Computing (Google affiliate) underscore Malaysia’s rising data center appeal🏗️ Gamuda Posts 5% Profit Rise, Declares Dividend* Strong Q1 on domestic infrastructure and fast-executing overseas projects like Eaton Park in Vietnam* Declares 5 sen interim dividend, signaling balance sheet resilience📈 DKSH Holdings Shares Surge on Privatization Offer* Offered at RM6.15/share, a 16.7% premium* Seen as a timely and fair exit for shareholders amid persistent low liquidity🩺 LAC Med Debuts with Modest Gains, Eyes Indonesia* Marginal day-one rise, but outlook buoyed by higher margin expectations in Indonesia’s growing healthcare sectorPolicy & Governance Headlines⚖️ Malaysia Wins Landmark Sulu Arbitration Case* Paris Court annuls entire US$14.9B award* Court ruled the arbitrator lacked jurisdiction* Claimants must pay €200,000 in legal costs — major boost to sovereignty and rule-of-law perception💻 Semiconductor Strategy Attracts RM54.9B in Investment* Over 25,000 jobs created in H1 2025* Reinforces Malaysia’s role in the global chip value chain👷 Govt Drops Controversial RM10,000 Penalty Clause in EIS Bill* Cabinet postpones clause following industry backlash* Reflects responsive governance aimed at balancing business viability with worker protection🧭 Sultan of Selangor Warns Against Overreach in State Autonomy Push* Urges states to prioritize national interest over regional political ambitions* Timely call for cohesion amid growing federalism debateGlobal & Geopolitical Outlook📉 US Labor Cost Growth Slows to 0.8%* Encouraging sign for inflation watchers, despite tariffs still adding pressure to final prices🌏 Thailand-Cambodia Tensions Escalate* Renewed border skirmishes prompt Cambodia’s withdrawal from SEA Games* Raises red flags on regional diplomatic stability🏦 IMF Urges China to Boost Domestic Spending* Calls for a “brave” shift from export reliance to internal consumption* Aimed at easing global trade tensions and reviving China’s growth engine🎧 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 the complex push and pull between market expansion, political accountability, and global volatility. From EPF’s strategic stake in TNB and a bold new state-backed digital currency to glove sector pains and growing regional instability — the signals are clear: long-term bets now require sharper short-term risk management.Malaysian Corporate & Market Developments⚡ EPF Becomes Largest Shareholder in TNB* Acquires Khazanah’s 2.33% stake (RM1.69B)* Raises holding to 21.25%, signalling deeper state-linked focus on national infrastructure and long-term stability🏥 DKSH Holdings to Go Private at RM6.15/Share* Offer from parent company DKSH Resources* 16.7% premium offers exit for minority shareholders, but highlights broader liquidity fatigue in public markets📊 Bursa Shifts IPO Strategy: Focus on Quality Over Quantity* Post-2025, emphasis on scalable, globally competitive listings — especially Bumiputera-led firms🚢 Orkim’s Debut Marks Steady Start for O&G Shipping Sector* 1% gain on listing* Govt hints at extending 100% tax exemption, providing fuel for industry fleet renewal🪙 Johor Launches RMJDT Digital Currency via Zetrix Blockchain* State-backed stablecoin aimed at easing cross-border trade settlement* Signals Johor’s ambition to lead in decentralised finance (DeFi)🏭 Empyrion Digital Gets Greenlight for 200MW Data Center in Johor* Has secured 145MW from TNB* Project driven by AI infrastructure demand, reinforcing Johor’s data hub status🧤 Glove Makers Hit by Stronger Ringgit* Ringgit up 9% YTD vs USD* Margins squeezed as export revenues fall against rising input costs in local currency🌊 Jentayu Sustainables Faces Legal Delay on Project Oriole* Shareholder challenge threatens to delay financing for Sabah hydro plant* Execution risk rises amid green energy buildout Policy & Governance Headlines⚖️ 1 in 3 Politician Graft Cases Withdrawn Since 2018 – NGO Report* Raises red flags on prosecutorial consistency and institutional transparency💸 IDEAS Pushes for Political Financing Act* Seeks mandatory disclosure of spending on political influencers, to curb opaque campaign funding🧾 Govt Reaffirms: No GST Revival, SST to Stay* Income levels still too low, says Finance Ministry* Targeted fiscal policy to support consumer affordability🚗 Traffic Summonses Will Not Affect BUDI95 Eligibility* Confirmation offers relief to many amid cost-of-living pressures🧑‍🦽 Senate Urges Action on Disability Pay Gap* Minimum wage cited as insufficient amid inflation* Push for broader social wage reform underwayGlobal & Geopolitical Outlook🤖 China Moves to Limit Nvidia’s H200 AI Chips* Despite US export clearance, Beijing restricts top-tier chip access* $160M smuggling case shows extreme demand and scarcity pressure📱 Australia Bans Social Media for Under-16s* Mandatory age verification, hefty fines for non-compliance* Global precedent for tech regulation and child safety online⚠️ Thai-Cambodian Border Clashes Erupt* PM Srettha rules out talks* Escalation threatens regional trade routes and investor confidence🏦 Thailand Sees Flight to Gold Amid Instability* Gold prices jump on weak baht, low rates, and rising uncertainty* Classic safe haven play as tensions rise in Southeast Asia🎧 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 the mounting tension between Malaysia’s growth ambitions and the need for real governance. From boardroom pushback and public tender loopholes to billion-ringgit infrastructure fraud and regional policy shifts, we unpack the stories that show: capital is moving fast — but scrutiny is moving faster.Malaysian Corporate & Market Developments🌱 Jentayu Shareholders Reject Insider Deal, Greenlight Hydro Expansion* Related-party acquisition blocked at EGM* RM45.26M private placement approved for Project Oriole, a Sabah hydropower push* Clear message: green energy growth is welcome, but only with clean governance⚙️ APB Resources Goes to Arbitration with BASF Petronas* RM1.85M claim + RM439K for extra work* Already fully impaired — so any win = pure upside🚗 Sumitomo Locks Down Dunlop Brand in Malaysia, Singapore, Brunei* Strategic move to unify global Dunlop branding* Boosts marketing cohesion and regional control📈 Mixed IPO Signals* Orkim posts RM13M profit ahead of Main Market debut* PSP Energy opens flat, closes down on ACE Market📊 FBM KLCI Unchanged, Mid 70 Reshuffle Signals Green Tilt* Eco-Shop Marketing and Kelington Group in* Bumi Armada and Dayang Enterprise out* Tells a broader story of rotation into retail and green techPolicy & Political Headlines🧾 E-Invoicing May Be Deferred for Small Biz* MOF studying exemptions for businesses earning under RM1M* Balancing fiscal transparency vs compliance burden📑 New Procurement System Debuts – But Concerns Linger* Two-stage open tenders to replace selective bidding* PAC flags concern over Proof-of-Concept being used as a loophole to skip competition💼 Progressive Wage Pilot Brings 16% Boost for 32K Workers* But Malaysia’s digital workforce still underpaid globally* Country ranks 18th in digital salaries, raising brain drain risks⚖️ PM’s Former Aide Charged in Graft Probe* Datuk Seri Shamsul Iskandar accused of taking RM177K in bribes* Tied to broader crackdown on illegal Bitcoin mining⚡ TNB Loses US$1.1B to Crypto Power Theft* Over 5 years, linked to unauthorised mining ops* New task force (MOF, BNM, TNB) formed to address national infrastructure threatsGlobal & Geopolitical Outlook🤝 Malaysia-Singapore Retreat Shows Constructive Tone* PM Anwar & PM Wong address key frictions: airspace, water, maritime claims* Both sides emphasize no hostility💹 BOJ Rate Hike on the Horizon?* Japan signals possible end to ultra-low interest era* Major implications for regional capital flows💱 China Intervenes to Cool Yuan Surge* State banks buying USD to manage currency appreciation* Effort to avoid hurting export competitiveness🇪🇺 Meta Faces New EU Antitrust Probe* Focused on integrating AI into WhatsApp* EU fears it will distort competition — scrutiny on Big Tech tightens again Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

Today’s episode dives straight into the fault lines of Malaysia’s financial landscape — from debt pressures at the top of corporate Malaysia to new consumer protections, critical energy policy changes, and shifting global macro headwinds. We’re here to break down what actually matters for your money in 2026.Corporate Watch: Profits, Pressures & Pivots🏦 Genting Faces Ratings Risk* CreditSights warns: Genting and Genting Malaysia face high risk of credit ratings downgrade* Triggered by high debt and weak cash flow — breaching thresholds from both Moody’s and Fitch* Overshadows their US$5.5B New York casino win* Key question: Can they fund aggressive growth while their balance sheet flashes red?🧵 Magni-Tech’s Profit Up 24%, But Why?* Strong quarter but largely due to a RM5.91M forex gain* Highlights how currency swings, not operations, are often behind quarterly movements🚧 Advancecon Wins ECRL Dispute* Awarded RM3.33M in adjudication — confirms overdue payment tied to ECRL project* Strengthens short-term cash flow and contract legitimacy⚙️ Wasco Secures Major Energy Contract* RM826M modules deal with Technip Energies (Italy)* Expected to drive earnings through 2028Politics & Policy: Charges, Appointments & Consumer Protection⚖️ MACC Charges PM’s Former Political Secretary* Datuk Seri Shamsul Iskandar and businessman Albert Tei face corruption charges today* MACC confirms Tei not protected under Whistleblower Act due to alleged involvement* A potentially precedent-setting moment in legal boundaries📈 Zafrul Named Chairman of MIDA* Former MITI minister takes over Malaysian Investment Development Authority* Signals continuity in foreign investment strategy following record inflows under his tenure💳 Consumer Credit Clampdown Begins* Households owe RM54.9B in credit card + BNPL debt* Consumer Credit Act 2025 to regulate non-bank BNPL players* Aims to mandate responsible lending and curb debt traps🔋 Solar Projects Now Require Battery Storage* New policy: All Large-Scale Solar (LSS) bids must include Battery Energy Storage Systems (BESS)* This targets the intermittency problem of solar energy and futureproofs the gridGlobal Picture: Trade Friction & Growth Bets🇺🇸 US Private Payrolls Drop by 32K in November* Surprise downturn from ADP report* Suggests labor market softening, fuels debate over rate cut timelines🇮🇳 India’s Rupee Slides Past 90/USD* Pressure from delayed US trade deal and record trade deficit* Exporters under strain; potential ripple effects in regional demand🇨🇳 China Targets 5% Growth for 2026* Commitment to fiscal + monetary stimulus to fight deflation* Potential demand boost for commodities, a win for Malaysian exporters🎧 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 major corporate shifts, policy pivots, and global economic tremors shaping Malaysia’s financial landscape. From Genting’s billion-dollar breakthrough in New York to flooding disruptions in ASEAN supply chains, we dig beneath the headlines to spotlight the signals that matter to your money.Corporate Moves & Market Signals🎰 Genting Malaysia Secures Coveted New York Casino License* Win comes with a massive US$5.5 billion expansion plan* Analysts project RM1.93 billion in profit by 2030* But… shares fell 4.26% as investors await key details: final license terms, tax rates📈 Capital A Soars 60% on Strategic Pivot* Post–dividend in-specie distribution of AirAsia X shares* Market is reacting to the group’s transformation into a digital and logistics-led business* Focus areas: Teleport (cargo logistics) and AirAsia MOVE (travel super app)📶 5G Structure Shifts: Gov’t Exercises Put Option on DNB* MOF exits Digital Nasional Berhad, requiring CelcomDigi, Maxis, and YTL Power to each buy in at RM327.9 million* Signals official transition to dual wholesale network model for 5G* All three telcos now hold equal ownership in DNB🚄 UEM Tapped for Controlling Stake in CRRC Malaysia* Nominated to acquire 51%+ of CRRC Rolling Stock Centre* Secures local control over RM10.7B train leasing project, with a strong tech transfer upside🚘 NAZA Italia Exits Maserati Deal* Strategic pivot to core brands like Suzuki* Focus intensifies on EV mobility solutions and restructuring distribution portfolioGlobal Risks & Supply Chain Disruptions🌊 Thailand Floods Paralyze Tech & Auto Component Supply* Estimated ฿500B in damages* Nearly halts component flow into Malaysia* Short-term supply shock for manufacturers; possible opportunity for Vietnam/Indonesia💱 China’s Yuan Defies Expectations* Poised for best year since 2020, up ~4% vs USD* Signals confidence in China’s export diversification strategy🇪🇺 Eurozone Inflation Surprise: 2.2% in November* Dims hopes for further ECB rate cuts* Adds to cautious global macro sentimentDomestic Policy & Financial Governance⛽ PM Reaffirms Targeted RON95 Fuel Subsidy* Rejects World Bank’s call to lift it* Benefit reaches 13.9 million Malaysians* Expected RM4 billion in fiscal savings📉 1MDB Debt Repayment Progress* RM42B of RM50B inherited debt repaid* Managed to avoid disruptions to current development budgets🚗 Hire-Purchase Reform: Fairer Car Loan Terms by 2026* Early settlement discounts now mandatory* Rule of 78 abolished, ending front-loaded interest structure* Big win for consumers financing cars🏛️ Tax-Exempt Status Tightens for Non-Profits* 10-year limit imposed by IRB* Applies retroactively; compliance enforcement to increase* Affects institutional-linked charitable foundations🎧 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 major moves reshaping Malaysia’s industrial and investment landscape — from Perodua’s first electric vehicle and Intel’s new capital injection to shifting trade signals between the US and China. We break down what it all means for domestic innovation, foreign confidence, and long-term economic strategy.🚗 Corporate & Industrial Headlines🔋 Perodua Launches Its First EV – the QV-E* Priced at RM80,000 excluding battery, with a new Battery-as-a-Service (BaaS) model* Developed at RM800 million cost, backed by over 100 local engineers* Government names Perodua the lead player in the EV ecosystem under NIMP 2030* Raises key affordability questions: is BaaS a breakthrough or just a shift in consumer risk?⚡ Tenaga Nasional Gets Long-Awaited Tax Relief* MOF approves its Reinvestment Allowance (RIA) application* Clears long-standing regulatory overhang* Analysts see room for a stock rerating as future tax burden falls and capital is freed up🏢 Genting Fails in Bid to Privatize Genting Malaysia* Only achieved 73% stake, short of the 85% threshold to delist* Market signal: shareholders want a better priceForeign Investment & Digital Expansion🧠 Intel Commits RM860M to Malaysia Hub* Expands assembly and test operations, cementing Malaysia’s role in the semiconductor value chain* Seen as a strong vote of confidence in local talent and infrastructure📱 Tencent Expands WeChat Ecosystem in Malaysia* Prioritizing Malaysian SMEs in their mini-program rollout* Integrates DuitNow for local payments, facilitating AI-driven and cross-border e-commerceMacroeconomic Signals & Trade Diplomacy📉 MITI Clarifies US Trade Pact Details* Minister says Malaysia is not obligated to hit US$240B in purchases* Reinforces that these are private sector-led decisions* Aims to reduce political risk while balancing China’s counter-engagement via proposed MOU🛠️ No Cabinet Reshuffle, Just Vacancies Filled* PM confirms no major reshuffle, just naming replacements for four open roles* Zafrul’s new role to be announced tomorrow* Message: policy continuity, not disruption⚖️ MACC Defends Actions in Albert Tei Case* In response to Malaysian Bar’s concerns over legal privilege in the high-profile investigation* Highlights ongoing legal tension in enforcement transparencyGlobal Snapshot💸 Bitcoin Slips Below $86,000, Down 6%* Weak start to December for risk assets* Reinforces global investor caution heading into year-end🎧 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 headline distortions to assess the true operational health of Malaysian companies. From forex-fuelled profits to structural resets and hidden losses, we examine which results reflect core resilience — and which are pure accounting noise. Plus, a look at Malaysia’s trade policy balancing act and persistent fiscal hangovers from 1MDB.Corporate Earnings: The Story Behind the Numbers📉 UEM Edgenta Faces Take-Private Bid Amid Record Loss* Um Group proposes privatisation, citing compressed valuations* Loss of RM94M driven by non-cash impairments, not operating weakness🏭 PPB Group Sinks to First Net Loss in Nearly a Decade* RM200M loss tied to RM290M share of loss from Wilmar International* Core business remains intact, but Wilmar’s legal hit in Indonesia overwhelmed results💻 Inari’s Profit Doubles on Forex Gains — But Revenue Falls* Q1 net profit hits RM51.5M, boosted by weaker ringgit* Actual revenue dropped 16% amid lower semiconductor volume💰 RHB Bank Hits Record Profit of RM904M* +8.5% on lower provisions and strong credit risk management🏦 Hong Leong Bank Flat, But Loan Growth Strong at 9.1%* China associate drag, but domestic lending momentum is healthy🧱 Malayan Cement Posts Record Profit, Up 44%* Driven by construction demand tied to data centers and the JS-SEZMacroeconomics & National Policy🇺🇸 Malaysia Won’t Renegotiate US Trade Deal* MITI confirms status quo; World Bank warns this may distort trade patterns* Suggests broader multilateral tariff reductions as a better path for welfare gains🏛️ MOF Drafting New State-Owned Enterprise (SOE) Act* Aimed at boosting governance and accountability in GLCs* Seen as a key structural reform for fiscal sustainability💸 1MDB: RM24.46B in Liabilities Remain* Despite RM31B recovered, funds are ringfenced to service debt* Scandal’s long tail continues to shape the national balance sheet🎧 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 breaks down the stark divide in the Malaysian market — with strong earnings in healthcare, property, and consumer goods on one side, and structural pain in construction services and manufacturing on the other. Plus, a closer look at Malaysia’s strategic stance in the intensifying US-China tech rivalry.Corporate Highlights: 🏥 IHH Healthcare Posts 15% Profit Growth* Driven by daycare services and improved cost control* India’s Fortis strategy paying off🏘️ UOA Development Earnings More Than Double* Boosted by progress billings across property projects🛠️ Kerjaya Prospek Lands RM350M Penang Contract* Solid pipeline visibility to 2029🚗 WCE Holdings Toll Collection Up 50%* Momentum building ahead of full completion by early 2027🚨 UEM Edgenta Records RM94M Loss* Biggest quarterly net loss ever, but due to one-off non-cash impairment* CEO calls it a “structural reset”🏦 AMMB Increases Dividend Payout to 39%* Shows confidence following earnings boost🌐 Time dotCom Declares Special Dividend (21.64 sen)* Profit nearly doubled thanks to smaller currency losses🌴 KLK’s Profit Surges 14x* Gains from plantation and property arms🥛 Farm Fresh Profit Up 40% (Record)* Domestic demand + regional expansion to Cambodia & Philippines⛽ PETRONAS Dagangan Profit Falls* Impacted by weaker fuel prices, despite steady sales📉 PIE Industrial Faces RM1B Revenue Risk* Delayed server manufacturing deal due to pricing mismatch* A red flag for Malaysia’s EMS sector📹 ITMAX System Hits Record Profit* Surge in video surveillance revenue and subscription servicesNational Policy & Legal Updates💼 PM’s Ex-Political Secretary Under MACC Probe* Following resignation amid bribery allegations🌾 Felcra Debt Relief Plan Announced* 5-year phased write-off for less viable rural projects* Tied to Felcra’s financial health🚧 12 of 27 Highway Concessionaires Posted Losses* Raises red flags about new mega infrastructure proposalsGlobal Forces & Malaysia’s Strategic Moves🇨🇳🇺🇸 US-China Tech Tensions Escalate* China bars ByteDance from using Nvidia chips* Push toward chip self-sufficiency🇲🇾 Malaysia Reaffirms “Digital Neutrality”* Firms allowed access to both Nvidia (US) and Huawei (China)* Positioning as open digital hub to attract global capital🇬🇧 UK Introduces £26B in Tax Hikes* Frozen income tax thresholds for 3 years* Critics say it misses the real issue: economic stagnation🌳 EU Delays Deforestation Law by 1 Year* Buys time for Malaysian palm oil firms to meet compliance Get full access to Malaysia Money Matters at mmoneymatters.substack.com/subscribe

Today’s episode breaks down a market that’s deeply divided — with domestic growth powering ahead while global risks continue to pull certain sectors backward. From bank earnings and manufacturing highs to AI chip wars and rare earth supply shocks, here’s what’s shaping your financial future.Corporate Highlights: Booms, Blips & Big Bets🏦 Alliance Bank Posts Best Quarter in 3 Years* Strong profit driven by higher income and lower provisions* Signals growing credit market confidence🏍️ Hong Leong Industries Hits Record Profit* Driven by motorcycle demand surge* Declares increased dividend — shareholder-friendly move🔌 Southern Cable Group Profit Nearly Doubles* Riding the National Energy Transition Roadmap (NETR)* Well-positioned in the electrification cycle⚙️ Greatech Technology Hit by Global Uncertainty* Q3 profit -17%* US-China tariff friction delays client capex — reminder of geopolitical vulnerability🚧 WCT Holdings Profit Drops 94%* Headline looks grim, but it’s due to last year’s one-off gain* New RM365M highway contract ensures future cash flow📲 Catcha Digital in Growth-Only Mode* CEO: No dividends ahead* Capital focused entirely on acquisitions⚖️ Maju Holdings Denied Judicial Management* Faces a winding-up petition next month — serious liquidity concernsPolicy, Reform & National Projects🌞 Johor Unveils US$6 Billion Renewable Energy Corridor* Partnering with World Bank + Ditrolic Energy* 2,000 sq km of hybrid solar & battery facilities* 125,000 jobs, energy exports to Singapore via ASEAN Power Grid* Signals a new clean energy era for southern Malaysia🧑‍⚖️ Governance Moves* Anti-Bullying Bill tabled Dec 1 — includes online harassment* Constitutional amendment expected 2026 to separate AG & Public Prosecutor* Dec 22 ruling could allow Najib Razak house arrest — legal precedent at stake📦 Parcel Price Floor in the Works* J&T + SPX Xpress dominate 74% of market* Ministry mulls minimum pricing rules to protect smaller courier servicesGlobal Developments with Local Impacts💽 AI Chip War: Meta Eyes Google TPUs* Billions in potential spending shift from Nvidia → Google* Would upend current AI chip supply chain dominance🧾 1MDB Update: US$2.8B Judgment Against Eric Tan* Malaysian asset recovery efforts score another legal win⚡ Lynas Supply Chain Disruption* Australian plant outages to delay rare earth output in Malaysia* Highlights fragile global resource interdependence✈️ China–Japan Travel Tensions Escalate* China orders airlines to cut Japan flights until March 2026* Huge hit to Japan’s tourism revenue — geopolitical pressure by other means📞 Trump’s Trade Truce Balancing Act* Personal diplomacy with Xi Jinping & Japan PM Takaichi* Markets watching every move as AI, tariffs, and chips remain flashpoints🎧 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 cuts through the market noise to unpack the structural shifts reshaping Malaysia’s business and policy landscape — from eye-popping one-off profits to a quiet revolution in tax compliance.Corporate Earnings & Strategy🏢 IOI Properties’ Profit Surges Ninefold* Q3 net profit exploded 📞 Telekom Malaysia Up 47.6%* Core transformation strategy shows results* Boosted by lower tax burden🛠️ Kelington Group Profit +25%* Order book: RM1.64B* New expansion project in Germany* Declares special dividend — signal of confidence💰 Pawn Brokers Booming* Pappajack & Well Chip profits surged* Driven by high gold prices and stable demand* A surprising hedge in uncertain markets💊 Apex Healthcare Down 14.4%* Hit by weaker margins and associate losses🏦 DBS Revises Alliance Bank Deal* Cuts target stake from 49% to 30%* Regulatory hurdles highlight how local policy can shape foreign M&A🏗️ Crest Builder Secures RM300M Contract* Desa ParkCity tower* Order book now at RM1.7B (four years earnings visibility)🌍 YTL Group Expanding into South Africa* Power, data centers, and Malaysian-developed AI model* Major international pivot🚗 Feytech JV to Produce Seats for Chery & Jetour* 300 jobs created locallyPolicy, Law & Compliance⚠️ 1MDB Lawsuit Moves Forward in Singapore* US$2.7B claim vs Standard Chartered* Singapore court rejects dismissal, allowing case to proceed🏛️ Najib’s House Arrest Argument Gets Legal Scrutiny* Lawyers claim it’s a “respite,” not needing pardon board approval* High-stakes legal interpretation🚨 Major Tax Compliance Shift: E-Invoicing Starts Feb 2026* Applies to:* High-value sales more than RM10,000* Utilities & telcos* Every transaction equals individual invoice* Signals a new level of real-time transparency for regulators* Businesses need to overhaul systems, fast🌐 Online Safety: Age Verification to Use KYC* Still unclear if parents will be liable for violations* Enforcement details pendingGlobal Headlines That Matter🤝 US & Ukraine Exploring “Refined Peace Framework”* Designed to offer Kyiv more realistic terms* Major step in global geopolitical recalibration📉 US Fed Split on Rate Cuts* Fed Governor Waller hints at a possible December cut* Inflation still sticky heading into 2026* Rate direction remains uncertain💻 AI Watch: Nvidia’s Fate in Trump’s Hands* Trump to personally decide if Nvidia can sell H200 chips to China* Immediate profits vs long-term strategy📱 Alibaba’s Qwen AI Sees 10M Downloads in Week One* Signals intensifying AI rivalry in Asia🛰️ Japan to Deploy Missiles Near Taiwan* Yonaguni Island move prompts sharp rebuke from China* Risk of escalation remains elevated🎧 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 how AI-fueled global optimism is reshaping Malaysia’s corporate strategies — from data center windfalls and chip IPOs to legal liabilities and grassroots governance reform.The thread tying it all together:Can local players ride the global wave without getting caught in the geopolitical crosscurrents?Malaysian Corporate & Market Developments⚠️ PPB Hit by RM1.1B Legal Risk via Wilmar StakeWilmar International (18.8% owned by PPB) found jointly liable in China for massive fraud damages. PPB shares fell 4% — with 75% of its earnings tied to Wilmar, investor concern is high.🏗️ Sunway Construction Q3 Profit Surges 80%Earnings jump to RM83.78M on strong data center builds. Declares maiden 23 sen special dividend — total payout: 29.25 sen. A booming sector — but is it sustainable?🏦 Affin Bank Buys Pheim Asset Management for RM50MAcquisition aims to diversify income amid weaker lending margins. Strategic pivot toward universal banking and non-interest revenue streams.🔧 SkyeChip Files for IPO — 60% for R&DPush into IC design aligns with national tech goals, but 90% of revenue from China and Taiwan poses heavy geopolitical exposure.📈 Bursa Tech Index Snaps Losing StreakUp nearly 2% on global catalysts:* Nvidia forecasts US$65B in quarterly sales* US signals delay on semiconductor tariffsAI optimism lifts supply chain sentiment.Macro, Commodities & Policy Signals🌴 Indonesia Land Seizures Shake Palm Oil Market3.7M hectares reclaimed from illegal forest plantations sparks protests in Riau. Global supply chain disruptions likely — Malaysia may benefit short-term.📊 AI Boom Reshaping Capital FlowNvidia’s outlook resets global investor confidence. Malaysia’s construction and chip pipeline (Sunway Con, SkyeChip) are key local beneficiaries.🏙️ DBKL Reform Bill Proposed by MPsBackbenchers push to introduce a councillor system for Kuala Lumpur. DBKL is the only local authority still run solely by a mayor — reform could bring more transparency and local accountability.🎧 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 break down how Malaysia’s strategic bets — from Johor land plays to biofuel infrastructure — are colliding with global AI cycles and regulatory change. The question now:How much of our momentum is built, and how much is borrowed from global trends?Malaysian Corporate & Market Developments🏞️ SD Guthrie Sells RM815M Johor Land in JS-SEZ940-acre Kulai plot offloaded to EcoWorld JV. Development value estimated at RM3.75B. Deal to generate RM526M gain in FY2026 — a high-stakes SEZ positioning move.🔋 Dialog Group Wins RM1B Biofuel EPC ContractNew Pengerang facility expands green energy footprint. Marks another major step in Dialog’s shift toward integrated energy services.🐠 Aquawalk IPO Jumps 22.6% on Day OneOperator of Aquaria KLCC raises RM14M to expand into Sabah and Indonesia. Strong market appetite for regional lifestyle brands.Macro & Policy Signals📈 Exports Surge 15.7% in OctoberDriven by E&E shipments. RHB upgrades 2025 GDP outlook. Malaysia benefits from global tech demand — AI, 5G, and EVs power factory pipelines.🔓 Open Finance Framework Coming in 2027BNM to grant consumers full control over financial data access. Promises stronger fintech competition and better personalised services — a major digital policy shift.🚗 Auto Sales Hit 2025 Peak on EV Tax Rush75,000+ units sold in October as buyers race to beat year-end expiry of imported EV exemptions. Expected pullback ahead.⚡ RM4.57B Lost to Electricity Theft Since 2020Mostly due to illegal crypto mining ops. Gov’t considers fines up to RM1M and legal amendments to crack down.🏗️ MRT Corp Appoints New ChairmanDatuk Seri Saripuddin Kasim steps in as non-executive chair. Signals renewed focus on non-rail commercial expansions (property, retail).Global & Geopolitical Outlook📉 Goldman Sachs Warns of Market PullbackPresident John Waldron flags uncertainty around AI investment returns. All eyes on Nvidia earnings as market sentiment pivots.🌊 China–Japan Seafood Trade Tensions EscalateChina threatens ban on Japanese seafood imports amid Taiwan-related diplomatic dispute. Trade risk rears again for regional exporters.🎧 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 strategic corporate expansion, policy reform, and global volatility are colliding — from Dialog’s terminal megadeal and food subsidy whiplash to long-overdue legal overhauls. The question now is:Can reform keep pace with the market?Malaysian Corporate & Market Developments🛢️ Dialog Group Doubles Pengerang Terminal CapacityStrikes deal with BP Singapore to expand Phase 3 storage to 1 million m³ by 2028. Major move to solidify midstream dominance and APAC hub ambitions.🏙️ IGB Buys Failed Theme Park at 90% DiscountPicks up Perak’s defunct MAPS site for RM43.7M (original cost: RM520M). Plans a pivot to mixed-use development — no more theme parks.🥚 Teo Seng Profit Halves Post-Subsidy RemovalSales volume grew, but removal of egg subsidy (Aug 1) wiped out margins. A case study in how policy shifts hit bottom lines.🌾 Malayan Flour Mills Profit Jumps Nearly 5xLower global wheat prices and profitable Indonesian and poultry JV turnarounds drove Q3 strength.🚬 BAT Raises Prices Again Amid Tax PressureDunhill now RM18.20/pack following excise hike. Illicit trade already at 54% of market — price hikes risk further erosion of legal sales.💳 RCE Capital Profit Up 5.3% in Q2Rate cuts seen as positive for funding costs. Civil servant loan demand remains robust.Policy, Projects & Institutional Reform🔒 Telcos Share Only Aggregated Data with Gov’tMCMC will now receive anonymized, statistical info only. A key move to balance user privacy with policymaking needs.💼 RM285.2B in Investments Approved (Jan–Sep)Up 13.2% YoY. Singapore leads FDI inflows. Hyperscale data center boom flagged as a major downstream benefit for SMEs and digital costs.🌐 DBS Flags US Chip Tariffs as Key RiskTariffs threaten Malaysia’s export outlook. Sparks renewed debate over ASEAN’s real influence in global policy negotiations.⚖️ Major Governance Reforms Confirmed for 2026Four headline bills coming:* Ombudsman* Freedom of Information Act* Political Funding Law* Separation of AG and Public Prosecutor rolesAlso: updates to Whistleblower Protection Act. All aimed at improving CPI ranking and investor confidence.Global & Geopolitical Outlook🌀 China–Japan Tensions Over Taiwan EscalateBeijing threatens economic retaliation, including curbing tourism. Heightened risk for regional trade flows.⚠️ Bangladesh PM Sentenced to DeathStunning political crisis just months before elections. Massive regional stability concern.💵 Buffett Buys Big: US$5B in AlphabetBerkshire Hathaway discloses rare mega tech play. Vote of confidence amid AI spending concerns.🎧 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 dive into a week defined by booming retail, capital outflows, and a major political shift on Sabah’s revenue claim. From EPF’s profit-taking signals to 99 Speed Mart’s record quarter, the key question now is:what happens when liquidity starts leaving the system?Malaysian Corporate & Market Developments🛒 99 Speed Mart Profit Surges 50% in Q3Net profit hits RM160.7M, revenue climbs 19% to RM3.04B. Expansion into Fuzhou (China) and Kelantan caps a stellar strategy execution.💰 EPF Investment Income Up 27% to RM25.4BStrong quarter, but CEO signals caution: equity valuations are “elevated” and EPF will accelerate profit-taking in Q4. Liquidity watch begins.🏦 Public Bank Profit Slips 3.65% in Q3RM1.84B net profit dented by OPR cuts. Even bond gains couldn’t offset the pressure on net interest margins.📉 CelcomDigi Net Profit Falls 22%Q3 earnings drop to RM341M as post-merger integration costs and provisions bite. Dividend maintained, but bottom line hit hard.🏛️ Chubb Malaysia Readies IPOInsurer listing on main market — a compliance move to meet BNM’s foreign ownership rules. Regulatory mandate driving market activity.Projects, Policy & Political Developments🚈 LRT3 Delayed (Again) to Late 2025Safety testing cited for latest setback. Klang Valley commuters face continued delays on critical infrastructure.🚗 Multi-Lane Free Flow Enforcement Legislation ComingGov’t plans legal amendments in 2026 to support toll payment enforcement for MLFF system. Key for smart mobility rollout.🧾 Sabah’s 40% Revenue Claim Enters Implementation PhaseFederal gov’t sets up committee, won’t appeal court ruling. A landmark move on MA63, setting up potential fiscal restructuring with Sabah.Global & Geopolitical Outlook🌏 China-Japan Tensions Escalate Over TaiwanChina threatens economic retaliation — including cutting tourism — in response to Taiwan-linked disputes. Regional risk on the rise.⚠️ Bangladesh PM Sentenced to DeathShocking sentence for Sheikh Hasina just months ahead of elections. Major instability warning for South Asia investors.💼 Alphabet Gets Buffett BoostBerkshire Hathaway discloses nearly US$5B stake in Google’s parent. Rare tech bet from Buffett sends strong market signal amid AI cost concerns.🎧 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 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