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!

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