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!

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