NewsXcess
Consensus news for Malaysia
Updated

Business stories. Verified reports appear above single-source reports.

Updated about 12 hours ago First seen about 16 hours ago
Corroborated 10 Newsrooms

M’sia to reduce overdependence on semiconductors, diversify economic growth sources

Image via The Edge Malaysia

KUALA LUMPUR: The government will reduce Malaysia’s risk of overdependence on the semiconductor sector by diversifying the electrical and electronics (E&E) value chain and sources of economic growth, as well as expanding export markets. Investment, trade and industry minister Johari Ghani said the … Read at Free Malaysia Today

National / Federal Impact

Contributing Coverage (12 articles)

Updated about 10 hours ago First seen about 14 hours ago
Corroborated 4 Newsrooms

Opposition leader criticises GLC involvement in non-core projects in Budget 2027

Image via The Edge Malaysia

KUALA LUMPUR, Oct 12 — Opposition Leader Datuk Seri Hamzah Zainudin today alleged that government-linked corporations (GLCs) were being made to operate beyond their core mandates. While debating Budget 2027, he cited a project to build a hostel for students that he said would be funded by the … Read at Malay Mail

Action Taken National / Federal Impact

Contributing Coverage (8 articles)

Updated about 12 hours ago First seen about 16 hours ago
Corroborated 9 Newsrooms

Debate over government’s role in private enterprise

Image via Malaysiakini

This article first appeared in The Edge Malaysia Weekly on October 5, 2026 - October 11, 2026 THE government’s move to support a fundraising drive for low-cost carrier AirAsia Group Bhd (KL:AAGB) is raising questions over how far it should go to help a heavily indebted private company and whether … Read at The Edge Malaysia

Statement / Opinion National / Federal Impact

Contributing Coverage (12 articles)

Updated about 9 hours ago First seen about 21 hours ago
Corroborated 3 Newsrooms

Johor education department says daily closure notices are routine updates, don’t clash with state haze order

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JOHOR BAHRU, Oct 12 — The Johor State Education Department (JPNJ) will issue daily notifications on the extension of school closures due to the haze, despite the state government having announced a five-day extension yesterday. State Education and Information Committee chairman Dr Muhammad Naqib Md … Read at Malay Mail

Action Taken National / Federal Impact

Contributing Coverage (4 articles)

Updated about 7 hours ago First seen about 18 hours ago
Corroborated 3 Newsrooms

EU to cap Chinese hybrid vehicle imports at 350,000 a year

Image via The Edge Malaysia

BRUSSELS, Oct 12 — The European Union will cap imports of hybrid vehicles from China to 350,000 a year, a senior EU official said today, after Brussels and Beijing agreed to moderate such exports. “This will cut by more than half the current exports to the EU, which we estimate are likely to reach … Read at Malay Mail

National / Federal Impact

Contributing Coverage (6 articles)

Updated about 9 hours ago First seen about 16 hours ago
Corroborated 6 Newsrooms

1MDB in talks to settle lawsuit with Deutsche Bank

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PUTRAJAYA, Oct 12 — 1Malaysia Development Berhad (1MDB) is in talks with Deutsche Bank (Malaysia) Berhad to settle a lawsuit filed against the bank. 1MDB’s counsel, Datuk Lim Chee Wee, informed the Federal Court of the settlement talks during proceedings today before a three-member panel led by … Read at Malay Mail

Contributing Coverage (6 articles)

Updated about 13 hours ago First seen about 15 hours ago
Corroborated 7 Newsrooms

Distribution of one-off aid for taxi, rental car drivers to begin Wednesday

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PUTRAJAYA: The one-off special financial aid of RM1,000 for 38,000 taxi and rental car drivers will be distributed in phases starting this Wednesday, says transport minister Loke Siew Fook. Speaking at a press conference here today, Loke said the distribution would begin with an initial group … Read at Free Malaysia Today

Contributing Coverage (7 articles)

Updated about 11 hours ago First seen about 12 hours ago
Corroborated 3 Newsrooms

Six financial institutions to underwrite 165m units of IOIPG Malaysia REIT Main Market IPO

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KUALA LUMPUR (Oct 12): IOIPG Malaysia REIT has entered into an underwriting agreement with a group of six financial institutions for its initial public offering (IPO) on the Main Market. The underwriting agreement with Maybank Investment Bank Bhd, AmInvestment Bank Bhd, CIMB Investment Bank Bhd, … Read at The Edge Malaysia

Action Taken

Contributing Coverage (3 articles)

Updated about 7 hours ago First seen about 9 hours ago
Corroborated 2 Newsrooms

Govt in talks with TNB, regulator on electricity subsidy measures for 2027

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KUALA LUMPUR (Oct 12): The government is in discussions with Tenaga Nasional Bhd (KL:TENAGA) and the Energy Commission (EC) on measures it can take to subsidise households’ electricity next year, as fuel costs are expected to remain elevated. This comes as the higher monthly household consumption … Read at The Edge Malaysia

National / Federal Impact

Contributing Coverage (2 articles)

Updated about 7 hours ago First seen about 13 hours ago
Corroborated 4 Newsrooms

Loke: Tax exemption extension to attract shipping firms to Malaysia

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PUTRAJAYA (Oct 12): A 10-year extension of income tax exemptions is expected to encourage more shipping companies to register their vessels in Malaysia rather than in other countries offering tax incentives, Transport Minister Anthony Loke said. Speaking at a news conference here on Monday, Loke … Read at The Edge Malaysia

Contributing Coverage (5 articles)

Updated about 13 hours ago First seen about 16 hours ago
Corroborated 6 Newsrooms

Tabung Haji systems resume after cyberattack, depositors’ savings confirmed safe

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KUALA LUMPUR, Oct 12 — Lembaga Tabung Haji’s (TH) key systems and services have resumed operations following a temporary suspension due to a cyberattack on Oct 8, with depositors’ savings confirmed to be safe. In a statement today, TH announced that the reactivation of these key systems and … Read at Malay Mail

Contributing Coverage (7 articles)

Updated about 7 hours ago First seen 1 day ago
Corroborated 9 Newsrooms

Malaysia, Jordan eye stronger high-tech cooperation to develop more engineers — Anwar

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PUTRAJAYA (Oct 12): Malaysia and Jordan are seeking to expand strategic cooperation in high-tech industries, particularly semiconductors and advanced technical education and training, to develop more engineers and skilled workers for future industry needs. Prime Minister Datuk Seri Anwar Ibrahim … Read at The Edge Malaysia

Contributing Coverage (29 articles)

Updated about 7 hours ago First seen about 12 hours ago
Corroborated 2 Newsrooms

Matrade welcomes Budget 2027, RM60 mil allocation to strengthen MSME exports

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KUALA LUMPUR (Oct 12): The RM60 million allocation made by the government under Budget 2027 to the Malaysian External Trade Development Corporation (Matrade) can help to build the capability of local companies to penetrate and diversify into export markets. The national trade promotion agency said … Read at The Edge Malaysia

Action Taken

Contributing Coverage (2 articles)

Updated about 7 hours ago First seen 2 days ago
Corroborated 6 Newsrooms

Semantan Estate files fresh suit seeking sale of RM13b Duta Enclave land or recompense

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KUALA LUMPUR, Oct 12 — Semantan Estate (1952) Sdn Bhd has initiated new legal proceedings against the federal government, seeking a court order to compel the sale of the 263.272-acre Duta Enclave in Kuala Lumpur and distribute the proceeds, or award compensation based on its current market value, … Read at Malay Mail

Action Taken

Contributing Coverage (7 articles)

Updated about 9 hours ago First seen about 17 hours ago
Corroborated 3 Newsrooms

Banking stocks lift Bursa Malaysia on Budget 2027 measures

KUALA LUMPUR, Oct 12 —Bursa Malaysia continued last week’s positive performance, led by bargain hunting in banking stocks as Budget 2027 offered additional support through measures targeting small and medium enterprises (SMEs) lending, housing financing and investment-driven credit growth. At 5pm, … Read at Malay Mail

Contributing Coverage (8 articles)

Updated about 14 hours ago First seen about 17 hours ago
Corroborated 2 Newsrooms

AirAsia in talks with govt over potential funding support — Reuters

Image via The Edge Malaysia

HONG KONG (Oct 12): AirAsia (KL:AAGB) co-founder Tan Sri Tony Fernandes met with officials from Malaysia's Finance Ministry two weeks ago to discuss potential government support for Southeast Asia's largest low-cost airline, said three people with knowledge of the matter. The talks reflect growing … Read at The Edge Malaysia

National / Federal Impact

Contributing Coverage (2 articles)

Updated about 7 hours ago First seen about 8 hours ago
Corroborated 2 Newsrooms

IJM bags RM1.23 bil contract to build AT&S semiconductor manufacturing facilities in Kedah

Image via The Edge Malaysia

KUALA LUMPUR (Oct 12): IJM Corporation Bhd (KL:IJM) has secured a RM1.23 billion contract from AT&S Austria Technologie & Systemtechnik (Malaysia) Sdn Bhd to construct semiconductor manufacturing facilities at the Kulim Hi-Tech Park in Kedah. AT&S Malaysia is a subsidiary of Vienna-listed Austria … Read at The Edge Malaysia

Contributing Coverage (2 articles)

Updated about 7 hours ago First seen about 10 hours ago
Corroborated Single Source

Shares supported as oil retreats, focus turns to US CPI, earnings

SYDNEY: European shares and US futures edged higher on Monday after a choppy session in Asia as oil prices retreated, while investors looked ahead to key US inflation data and the beginning of the earnings season. Oil prices eased despite strikes on shipping and airports in the Gulf after US … Read at Free Malaysia Today

Contributing Coverage (1 articles)

Updated about 7 hours ago First seen about 12 hours ago
Corroborated 2 Newsrooms

Malaysia’s total palm oil stocks up 24.5% to 3.5 mil tonnes in September — MPOB

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KUALA LUMPUR (Oct 12): Malaysia’s total palm oil stocks rose by 691,835 tonnes, or 24.54%, to 3.51 million tonnes in September this year from 2.8 million tonnes a month earlier, according to the Malaysian Palm Oil Board (MPOB). MPOB said crude palm oil (CPO) stocks increased 31.88%, or 522,905 … Read at The Edge Malaysia

Contributing Coverage (2 articles)

Updated about 12 hours ago First seen 3 days ago
11 Newsrooms

Finas: Entertainment duty exemption for local films to boost producers’ returns

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KUALA LUMPUR (Oct 10): The full exemption from entertainment duty for local film tickets in the Federal Territories will allow producers to earn higher returns from ticket sales. National Film Development Corporation Malaysia (Finas) chief executive officer Datuk Azmir Saifuddin Mutalib said the … Read at The Edge Malaysia

Action Taken

Contributing Coverage (42 articles)

Updated about 15 hours ago First seen 3 days ago
15 Newsrooms

Budget won’t resolve economic woes, but govt will help cushion financial pressure

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PETALING JAYA: Prime Minister Anwar Ibrahim tonight admitted that all the country’s economic woes would not be resolved by the 2027 budget estimates tabled yesterday. However, he said the government will focus on cushioning the impact of rising prices of goods and certain services on the public. … Read at Free Malaysia Today

Action Taken

Contributing Coverage (245 articles)

Updated about 7 hours ago First seen 3 days ago
11 Newsrooms

Malaysians advised to postpone umrah trips amid security concerns

Image via The Edge Malaysia

PETALING JAYA: Malaysians are advised to temporarily postpone travel to Saudi Arabia for umrah following security concerns after the deadly attack on King Khalid International Airport in Riyadh, says foreign minister Mohamad Hasan. Mohamad said while there had been no incident in Mecca, the missile … Read at Free Malaysia Today

Statement / Opinion National / Federal Impact

Contributing Coverage (25 articles)

Updated about 10 hours ago First seen about 13 hours ago
Corroborated 2 Newsrooms

Beyond flying: Malaysia Aviation Group eyes bigger aircraft maintenance business with seven global tie-ups

SINGAPORE, Oct 9 — Malaysia Aviation Group (MAG) is strengthening its maintenance, repair and overhaul (MRO), as well as engineering and supply chain operations through seven strategic partnerships with global aviation, engineering, technology and logistics companies. The group said these … Read at Malay Mail

Contributing Coverage (2 articles)

Updated about 10 hours ago First seen about 14 hours ago
Corroborated 2 Newsrooms

Sime Darby Property’s Seroja Gardens Phase 1 sold out in three hours

Image via The Edge Malaysia

NILAI (Oct 12): Sime Darby Property Bhd (KL:SIMEPROP) has secured a 100% take-up for the first phase of Seroja Gardens at Nilai Impian, Negeri Sembilan, within three hours of its launch in September. According to a press statement issued on Monday, Seroja Gardens Phase 1 features 52 single-storey … Read at The Edge Malaysia

Contributing Coverage (2 articles)

Updated about 12 hours ago First seen about 13 hours ago
Corroborated 2 Newsrooms

Kinergy bags RM47.5m electrical works contract for hyperscale data centre

Image via The Edge Malaysia

KUALA LUMPUR (Oct 12): Kinergy Advancement Bhd (KL:KINERGY) has secured a RM47.5 million subcontract from Gamuda Bhd's (KL:GAMUDA) unit for electrical works at a hyperscale data centre in Bandar Spring Hill, Port Dickson. The subcontract was awarded by Gamuda Bhd’s wholly-owned subsidiary, Gamuda … Read at The Edge Malaysia

Contributing Coverage (2 articles)

Updated about 7 hours ago First seen 3 days ago
9 Newsrooms

Realtors seek stamp duty exemption for first homes up to RM1mil

Image via The Edge Malaysia

PETALING JAYA: The government has been urged to consider extending stamp duty exemptions for first-time homebuyers to properties priced up to RM1 million. The Real Estate and Housing Developers’ Association also hoped the government would continue to introduce measures to alleviate rising … Read at Free Malaysia Today

Statement / Opinion National / Federal Impact

Contributing Coverage (22 articles)

Updated about 12 hours ago First seen about 12 hours ago
Corroborated 2 Newsrooms

Nikkei: France’s Thales to build maintenance base in Japan in first for foreign defence firm

TOKYO, Oct 12 — French defence contractor Thales will establish a maintenance and operational support base in Japan in what is seen as the first such move by a foreign firm in the country, a report said today. Chairman and CEO Patrice Caine told the Nikkei business daily that the base “will mark a … Read at Malay Mail

Contributing Coverage (2 articles)

Updated about 7 hours ago First seen 3 days ago
5 Newsrooms

Finance Ministry to strengthen oversight of public funds through amended Audit Act, new procurement law

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KUALA LUMPUR, Oct 12 — The Finance Ministry will use amendments to the Audit Act 1957 and the Government Procurement Act 2026 to strengthen oversight of public funds and improve transparency in government spending. Treasury secretary-general Tan Sri Johan Mahmood Merican said the amended Audit Act … Read at Malay Mail

National / Federal Impact

Contributing Coverage (9 articles)

Updated about 13 hours ago First seen about 15 hours ago
Corroborated 2 Newsrooms

Balance fiscal constraints with development — Akmal Nasrullah

Image via The Edge Malaysia

KUALA LUMPUR (Oct 12): The government must balance fiscal constraints with the need to sustain national development and rakyat protection, said Economy Minister Akmal Nasrullah Mohd Nasir. He said Budget 2027 has allocated about RM83 billion in development expenditure to ensure the continuity of … Read at The Edge Malaysia

Contributing Coverage (2 articles)

Updated about 9 hours ago First seen 3 days ago
12 Newsrooms

Budget 2027: RM160m package for gig workers, but implementation will be key

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A RM160 million package for gig workers under Budget 2027 has been welcomed as a step towards improving riders’ earnings and welfare, although its impact will ultimately depend on how effectively the measures are delivered. Malaysian Delivery Partners Unity Association (PPRPM) adviser Bryan Ng Yiih … Read at The Vibes

Contributing Coverage (22 articles)

Updated about 15 hours ago First seen about 15 hours ago
Corroborated 2 Newsrooms

Gold edges up as lower oil prices pare rate-hike expectations

Image via The Edge Malaysia

SINGAPORE: Gold edged higher as sliding oil prices eased inflation concerns, giving traders some optimism the US Federal Reserve could hold off on further interest-rate hikes. Bullion traded above US$4,200 an ounce, after rising 1.3% last week. Brent crude slipped to about US$103 a barrel, on the … Read at Free Malaysia Today

Contributing Coverage (2 articles)

Updated about 13 hours ago First seen about 19 hours ago
Corroborated 2 Newsrooms

Bond selloff may mean fewer rate hikes from global central banks

Image via The Edge Malaysia

(Oct 12): Bond markets are starting to do some of the lifting for central banks around the world by pushing up borrowing costs themselves, potentially reducing the number of benchmark interest-rate hikes needed to get inflation under control. Yields have surged to multiyear highs after weeks of … Read at The Edge Malaysia

Contributing Coverage (2 articles)

Updated about 15 hours ago First seen about 16 hours ago
Corroborated 2 Newsrooms

South Korean won hits two-year high on lower oil, dollar sales

Image via The Edge Malaysia

(Oct 12): South Korea’s won jumped to a two-year high on Monday, supported by lower oil prices and heavy dollar selling by local companies. The currency rose as much as 0.8% to 1,333.30 against the dollar after the markets returned from a three-day-long weekend before trimming its advance to 0.5%. … Read at The Edge Malaysia

Contributing Coverage (2 articles)

Updated about 17 hours ago First seen 1 day ago
Corroborated 3 Newsrooms

Dollar stays near 18-month high as inflation data in focus

Image via The Vibes

SINGAPORE: The dollar held ground near its strongest level in a year and a half in early Asian trade on Monday as an escalating Middle East conflict kept investors wary ahead of key US inflation data later this week that will influence monetary policy. Oil prices swung between gains and losses … Read at Free Malaysia Today

Contributing Coverage (6 articles)

Updated about 7 hours ago First seen 1 day ago
Corroborated 2 Newsrooms

Firefly cancels Subang-Singapore flights until October 14 as haze persists

Image via The Edge Malaysia

SINGAPORE, Oct 12 — Prevailing weather and haze conditions have forced Firefly to extend flight cancellations between Subang and Singapore’s Seletar Airport until October 14, with affected passengers being offered alternative Malaysia Airlines flights, subject to seat availability, or full refunds. … Read at Malay Mail

Contributing Coverage (3 articles)

Updated about 7 hours ago First seen 1 day ago
Corroborated 3 Newsrooms

Budget 2027 a call to raise productivity, says CGS International

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KUALA LUMPUR (Oct 12): CGS International Securities Sdn Bhd calls for businesses to capitalise on Budget 2027’s benefits to increase investment and productivity and become globally competitive. CEO of CGS Malaysia Khairi Shahrin Arief Baki said in a release on Monday that the current environmental … Read at The Edge Malaysia

Statement / Opinion

Contributing Coverage (7 articles)

Updated about 18 hours ago First seen about 20 hours ago
Corroborated 2 Newsrooms

UK PM Burnham to release details of dealings with Manchester City

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(Oct 12): British Prime Minister Andy Burnham said he would publish details of his dealings with Manchester City, after opposition politicians criticised his response to a ruling that found the club guilty of serious breaches of the Premier League's financial rules. City appealed the independent … Read at The Edge Malaysia

Contributing Coverage (2 articles)

Updated about 14 hours ago First seen 2 days ago
4 Newsrooms

CM: Penang ready to work with Putrajaya on new elderly care, research centre

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GEORGE TOWN, Oct 11 — Penang is ready to work with the federal government to establish the National Integrated Care Centres of Excellence (NICE) in the state as part of efforts to prepare for an ageing population. Chief Minister Chow Kon Yeow said the state government would cooperate in … Read at Malay Mail

Contributing Coverage (4 articles)

Updated 1 day ago First seen 1 day ago
Corroborated 5 Newsrooms

FT minister calls for dept, Putrajaya Corporation to review allocation to improve senior citizens' care

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PUTRAJAYA (Oct 11): Putrajaya Corporation and the Federal Territories Department have been asked to review the allocation they are expected to receive under Budget 2027 to strengthen care and improve the welfare of senior citizens, said Minister in the Prime Minister’s Department (Federal … Read at The Edge Malaysia

Action Taken

Contributing Coverage (5 articles)

Updated about 9 hours ago First seen 2 days ago
Corroborated 2 Newsrooms

Budget 2027: Pet vaccination, sterilisation eligible for tax relief

KUALA LUMPUR, Oct 12 — The government proposes expanding the scope of individual income tax relief for lifestyle to include pet care expenses, such as vaccinations and sterilisation treatments by registered veterinary services. In the Budget 2027 tax measures document, the Ministry of Finance (MoF) … Read at Malay Mail

Contributing Coverage (2 articles)

Updated about 13 hours ago First seen about 14 hours ago
Corroborated 2 Newsrooms

Opposition leader urges review of Tabung Haji’s RM15k minimum savings requirement for haj queue

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KUALA LUMPUR (Oct 12): Opposition leader Datuk Seri Hamzah Zainuddin urged the government and Lembaga Tabung Haji (TH) to review the RM15,000 minimum savings requirement for eligibility to join the haj queue. Hamzah argued on Monday that the requirement could burden depositors who need cash for … Read at The Edge Malaysia

Statement / Opinion

Contributing Coverage (2 articles)

Updated 1 day ago First seen 4 days ago
9 Newsrooms

MACC sets up special team to re-examine RM350,000 corruption allegations against its senior officer

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KUALA LUMPUR, Oct 11 — The Malaysian Anti-Corruption Commission (MACC) has established a special team to review and re-examine corruption allegations amounting to RM350,000 involving one of its senior officers. MACC Chief Commissioner Datuk Seri Abd Halim Aman said the directive to form the special … Read at Malay Mail

Action Taken National / Federal Impact

Contributing Coverage (16 articles)

Updated about 13 hours ago First seen 1 day ago
Corroborated 2 Newsrooms

Trump’s trade wars sting US manufacturers ahead of midterms

NORTH JACKSON (United States), Oct 11 —  For Doug Rende, who runs an aluminium product manufacturer in the US state of Ohio, President Donald Trump’s tariffs have meant millions of dollars more in annual costs — and recently, the Iran war has made shipments even more expensive. Rende is chief … Read at Malay Mail

Contributing Coverage (2 articles)

Updated 1 day ago First seen 3 days ago
13 Newsrooms

PTPTN offers 10% discount to borrowers with good repayment records

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KUALA LUMPUR (Oct 11): National Higher Education Fund Corporation (PTPTN) borrowers with no arrears who make regular repayments will enjoy a 10% discount from 2027.  PTPTN chairman Datuk Seri Norliza Abdul Rahim said the incentive is a form of recognition for borrowers who demonstrate discipline in … Read at The Edge Malaysia

Action Taken

Contributing Coverage (28 articles)

Updated about 17 hours ago First seen 1 day ago
Corroborated 3 Newsrooms

‘We send oxygen when there’s no smoke’: Indonesian official brushes off haze criticism in Malaysia, Singapore

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KUALA LUMPUR, Oct 12 — Indonesian Communications Agency head Syahganda Nainggolan has pushed back against regional criticism over transboundary haze, claiming that Indonesia’s tropical rainforests are responsible for supplying oxygen to Malaysia and Singapore. His remarks were featured in a video … Read at Malay Mail

Statement / Opinion

Contributing Coverage (3 articles)

Updated 1 day ago First seen 1 day ago
Corroborated 5 Newsrooms

Loke: DAP not responsible for Negeri Sembilan political turmoil

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SEREMBAN (Oct 11): DAP has never been involved in any attempt to trigger a crisis in Negeri Sembilan and remains focused on serving the people, its secretary general Anthony Loke Siew Fook said.  He said the party was not part of the state government and should not continue to be blamed or linked … Read at The Edge Malaysia

Contributing Coverage (6 articles)

Updated 1 day ago First seen 1 day ago
Corroborated 4 Newsrooms

Budget 2027: Lindung 24 Jam, Lindung Kendiri contributors eligible for up to RM150 tax relief

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KUALA LUMPUR (Oct 11): Contributors who remain under the Lindung 24 Jam Scheme, as well as those making mandatory contributions to the Lindung Kendiri Scheme, will be eligible for additional tax relief of up to RM150 under Budget 2027. The Social Security Organisation (Socso), in a statement on … Read at The Edge Malaysia

Contributing Coverage (4 articles)

Updated 1 day ago First seen 1 day ago
Corroborated 3 Newsrooms

PKR eyes 8 to 9 seats in Melaka polls

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PETALING JAYA: PKR is eyeing eight to nine seats in the Melaka state election, with Pakatan Harapan (PH) expected to unveil its candidates next Sunday (Oct 18). Azman Abidin, political secretary to the prime minister, said Machap, Ayer Keroh and Rembia were among the seats targeted by PKR, Berita … Read at Free Malaysia Today

Contributing Coverage (3 articles)

Updated 1 day ago First seen 3 days ago
6 Newsrooms

Budget 2027: Digital Ministry targets 200,000 AI-skilled individuals in push for AI Nation by 2030

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PUTRAJAYA, Oct 11 — The Ministry of Digital is intensifying efforts to strengthen the nation’s digital ecosystem, empower local tech talent and build a future-ready workforce under Budget 2027, as part of Malaysia’s broader ambition to become an AI Nation by 2030. In a statement today, the Ministry … Read at Malay Mail

National / Federal Impact

Contributing Coverage (10 articles)

Updated 1 day ago First seen 4 days ago
9 Newsrooms

Malaysia’s economy to moderate to 4.2%-5.2% in 2027 amid softer demand, easing sector growth

Image via The Edge Malaysia

KUALA LUMPUR (Oct 9): Malaysia’s economy is forecasted to moderate to between 4.2% and 5.2% in 2027 amid softer domestic demand and easing of growth in most sectors, according to the Ministry of Finance’s Economic Outlook 2027 report. This compares with an estimated growth of 4.8% to 5.3% in 2026. … Read at The Edge Malaysia

National / Federal Impact

Contributing Coverage (23 articles)

Updated about 8 hours ago First seen 4 days ago
3 Newsrooms

Ringgit gains against US dollar, other major currencies on Budget 2027 optimism

KUALA LUMPUR, Oct 12 — The ringgit closed higher against the US dollar and other major currencies today, supported by positive market sentiment following the Budget 2027 announcement last week, an analyst said. At 6pm, the ringgit strengthened to 4.0820/0865 against the greenback from Friday’s … Read at Malay Mail

Contributing Coverage (10 articles)

Updated about 10 hours ago First seen 5 days ago
9 Newsrooms

Samenta hails Budget 2027 as ‘SME Budget’

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KUALA LUMPUR (Oct 10): The Small and Medium Enterprises Association of Malaysia (Samenta) has hailed Budget 2027 as an “SME Budget”, citing measures to ease cash flow pressures and lower operating costs for micro, small and medium enterprises (MSMEs). Its national president Datuk William Ng also … Read at The Edge Malaysia

Statement / Opinion

Contributing Coverage (38 articles)

Updated 1 day ago First seen 4 days ago
12 Newsrooms

Budget 2027: Individual tax relief raised to RM12k, with perks for postnatal care and more

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By DayakDaily Team KUCHING, Oct 9: The individual income tax relief limit has been raised to RM12,000 from the previous rate of RM9,000, which was last reviewed in 2010. Prime Minister Datuk Seri Anwar Ibrahim said the resident individual income tax rate had also been reduced by one percentage … Read at DayakDaily

Contributing Coverage (46 articles)

Updated 1 day ago First seen 4 days ago
12 Newsrooms

Malaysia seeks stronger Egyptian backing for Petronas, Proton expansion

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MALAYSIA wants stronger support from Egypt to expand the operations of national oil company Petronas and carmaker Proton in the North African country, as both governments seek to deepen economic and strategic cooperation. Prime Minister Datuk Seri Anwar Ibrahim raised the matter during bilateral … Read at The Vibes

Contributing Coverage (64 articles)

Updated about 10 hours ago First seen 6 days ago
14 Newsrooms

Fadhlina: Schools closed tomorrow in Johor, Melaka, Negeri Sembilan, Putrajaya as haze worsens

Image via Free Malaysia Today

KUALA LUMPUR, Oct 12 — Schools across Johor, Melaka, Negeri Sembilan, and Putrajaya, as well as several districts in Selangor and Pahang, will be closed tomorrow following a sharp deterioration in air quality, Education Minister Datuk Seri Fadhlina Sidek announced today. In a statement posted on … Read at Malay Mail

Contributing Coverage (265 articles)

Updated 1 day ago First seen 2 days ago
2 Newsrooms

Budget 2027: Mindef sets five key areas for transparent management of RM22.11 bil

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KUALA LUMPUR (Oct 10): The Ministry of Defence (Mindef) has outlined five key focus areas to ensure the RM22.11 billion allocated under Budget 2027 is managed transparently, prudently and effectively. The five areas cover defence readiness and capabilities; the well-being of military personnel and … Read at The Edge Malaysia

National / Federal Impact

Contributing Coverage (3 articles)

Updated about 15 hours ago First seen 7 days ago
12 Newsrooms

AGC returns Shuhaily probe paper to cops

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PETALING JAYA: The Attorney-General's Chambers (AGC) has referred the investigation paper into Malaysian Border Control and Protection Agency (AKPS) director-general Shuhaily Zain's alleged assault of two policemen back to the police. Attorney-General Dusuki Mokhtar said several aspects of the … Read at Free Malaysia Today

Action Taken

Contributing Coverage (41 articles)

Updated 2 days ago First seen 2 days ago
5 Newsrooms

Budget 2027: Better infrastructure boosts Negeri Sembilan's investment, improve access — MB

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SEREMBAN (Oct 10): The provision of better infrastructure facilities is expected to enhance Negeri Sembilan’s attractiveness as an investment destination, in line with the ongoing development of Malaysia Vision Valley 2.0 (MVV 2.0). Menteri Besar Datuk Ismail Lasim said the construction of a new … Read at The Edge Malaysia

Contributing Coverage (5 articles)

Updated about 16 hours ago First seen 6 days ago
5 Newsrooms

Melaka DAP sticks to PH going solo, contradicting PKR

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KUALA LUMPUR: Melaka DAP has doubled down on Pakatan Harapan contesting the Nov 14 state election on its own, contradicting PKR’s position that the coalition remains open to electoral cooperation with other parties. Melaka DAP chief Khoo Poay Tiong insisted that all three PH component parties in … Read at Free Malaysia Today

Contributing Coverage (21 articles)

Updated 1 day ago First seen 2 days ago
Corroborated 2 Newsrooms

Gamuda Land, Dusit International officially open 280-room ASAI Gamuda Cove

Image via The Edge Malaysia

SELANGOR (Oct 10): Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA) and Thailand-based Dusit International officially opened its latest 280-room ASAI Gamuda Cove hotel, located in Persiaran Cove Sentral Bandar Gamuda Cove in Selangor on Oct 10.  For background, ASAI-branded hotels are owned … Read at The Edge Malaysia

Contributing Coverage (2 articles)

Updated about 18 hours ago First seen 8 days ago
14 Newsrooms

The Week Ahead: Attention on Budget 2027 debate and reaction, advance 3Q GDP

Image via The Edge Malaysia

This article first appeared in The Edge Malaysia Weekly on October 12, 2026 - October 18, 2026 The tabling of Budget 2027 by Prime Minister Datuk Seri Anwar Ibrahim last Friday will be followed by policy-level debates in parliament starting on Monday. Invariably, tax experts will also go through … Read at The Edge Malaysia

National / Federal Impact

Contributing Coverage (298 articles)

Updated 1 day ago First seen 3 days ago
Corroborated 2 Newsrooms

Mitraland launches RM800 mil Bayou Quartz in Klang

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KLANG (Oct 10): Mitraland Group has officially launched Bayou Quartz, a landed residential development in Kota Bayuemas, Klang, with a gross development value (GDV) of RM800 million. Occupying approximately 52 acres of freehold land, Bayou Quartz is the latest addition to the developer’s Quartz … Read at The Edge Malaysia

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Sabah records RM7.6 billion in manufacturing investments in 2025 – CM

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KOTA KINABALU: Chief Minister Datuk Seri Panglima Haji Hajiji Haji Noor said Sabah recorded RM7.6 billion in manufacturing investments last year, signalling strong industrial momentum and investor confidence. He said that in the same period, Sabah entrepreneurs also reached out internationally, … Read at Jesselton Times

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Improve working conditions to retain doctors, govt told

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PETALING JAYA: The government's offer of more permanent positions for contract doctors must be complemented with measures to improve their retention in the public health system, says a public health researcher. Ilyana Mukhriz, a research associate at the Khazanah Research Institute, said permanent … Read at Free Malaysia Today

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Unhealthy air quality continues in Johor, Negeri Sembilan, Melaka

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PETALING JAYA: Johor, Negeri Sembilan and Melaka, where schools will be closed tomorrow because of the continuing haze, continued to experience poor air quality this evening. Seven districts in Johor are in the 23 areas nationwide with "unhealthy" air pollutant index (API) readings as of 7pm. They … Read at Free Malaysia Today

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Negeri Sembilan joins Johor on unhealthy air list as haze lingers

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KUALA LUMPUR, Oct 4 — A total of eight locations recorded Air Pollutant Index (API) readings in the unhealthy category as of 4pm today. According to the Malaysian Air Pollutant Index Management System (APIMS) portal, five areas in Johor were affected, involving Segamat (156), Batu Pahat (155), … Read at Malay Mail

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One dead in new attack on Saudi airport, a day after Houthi strike kills 13

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DUBAI/RIYADH (Oct 11): One person was killed and nearly a dozen hurt in a new attack Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Iran-aligned Houthis that killed 13 people and wounded more than 300. Saudi-led coalition forces in … Read at The Edge Malaysia

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UK's Heathrow rallies support for third runway as Parliament weighs expansion plans

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(Oct 12): Heathrow Airport said on Monday that its expansion plans have won the backing of trade unions, airlines, regional airports ​and investors as the British Parliament reviews a ‌project for a third runway at the UK's busiest airport. Heathrow CEO Thomas Woldbye is due to give evidence to the … Read at The Edge Malaysia

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DOSM: Malaysia’s manufacturing sales jump 9.9pc to RM185b in August, powered by electronics

KUALA LUMPUR, Oct 9 — The sales value of the manufacturing sector in August 2026 increased by 9.9 per cent year-on-year (y-o-y) to RM185.0 billion, up from the 9.1 per cent growth recorded in July 2026, according to the Department of Statistics Malaysia (DOSM). In a statement today, DOSM said the … Read at Malay Mail

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Govt should mull corporatising Customs Dept to boost tax collection, says KPMG policy adviser

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KUALA LUMPUR (Oct 12): The government should consider corporatising the Customs Department so that it would have more autonomy to improve the efficiency of tax collection, said KPMG Malaysia tax policy adviser Dr Veerinderjeet Singh. Veerinderjeet suggests that the Customs Department should follow … Read at The Edge Malaysia

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Infomina renews RM22.1 mil contract with Panasonic Digital

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KUALA LUMPUR (Oct 12): Infomina Bhd (KL:INFOM)’s wholly owned subsidiary, Infomina Jalan K.K., has renewed its five-year software subscription and maintenance contract worth ¥855 million (about RM22.1 million) with Panasonic Digital Co Ltd. According to its filing with Bursa Malaysia, under the … Read at The Edge Malaysia

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Masteel to acquire 51% stake in power infrastructure firm for RM12 mil

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KUALA LUMPUR (Oct 12): Steel manufacturer Malaysia Steel Works (KL) Bhd (KL:MASTEEL) plans to acquire a 51% stake in high-voltage electrical engineering firm for RM12 million to expand into power infrastructure and data centre construction, as well as place out nearly 4% of its issued share base to … Read at The Edge Malaysia

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Top oil executives dropped from event schedule after Riyadh attacks

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DUBAI (Oct 12): Several top energy executives were dropped from the schedule of the WPC Energy Congress in Riyadh, as Saudi authorities pressed ahead with the event despite deadly attacks on the capital claimed by Yemen's Iran-aligned Houthis. The chief executives of ExxonMobil, TotalEnergies, … Read at The Edge Malaysia

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India inflation hits two-year high, backs RBI tightening

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(Oct 12): India’s inflation accelerated to an almost two-year high in September, nearing the top of the central bank’s 2% to 6% tolerance band and reinforcing its decision to lift interest rates last week for the first time in almost four years. The consumer price index rose 5.54% last month from a … Read at The Edge Malaysia

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Budget 2027 effectiveness depends on prompt aid distribution, government coordination — economist

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KUALA LUMPUR (Oct 12): The effectiveness of implementing Budget 2027 depends on how promptly the government disburses aid and how well the federal government, state governments and local authorities coordinate their efforts to reduce the bureaucratic burden on businesses, said an economist. Bank … Read at The Edge Malaysia

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Edelteq plans another private placement to raise up to RM27 mil

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KUALA LUMPUR (Oct 12): Just over a year after completing a private placement, Edelteq Holdings Bhd (KL:EDELTEQ) plans to undertake another private placement seeking to raise up to RM26.75 million. The company said it is to repay bank borrowings and fund working capital for its automated test … Read at The Edge Malaysia

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IOI Properties looking to take 50% stake in Singapore’s One Raffles Place

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KUALA LUMPUR (Oct 12): IOI Properties Group Bhd (KL:IOIPG) is eyeing a 50% stake in One Raffles Place, an integrated commercial development in Singapore’s central business district. In a filing with Bursa Malaysia, the group said it had jointly submitted an expression of interest with an investment … Read at The Edge Malaysia

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FBM KLCI up 0.59% to 1,618.01 on Oct 12, 2026

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KUALA LUMPUR (Oct 12): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Monday: Copyright © 1999-2026 The Edge Communications Sdn. Bhd. 199301012242 (266980-X). All rights reserved … Read at The Edge Malaysia

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Tycoon says Taiwan’s tech boom is filling up his luxury hotels

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(Oct 12): A surge in travel fuelled by Taiwan’s artificial intelligence (AI) boom is driving record results at Formosa International Hotels Corp, highlighting the technology sector’s growing impact beyond the island’s chip industry. The company, led by hospitality tycoon Steven Pan, is on track for … Read at The Edge Malaysia

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Swift Energy in first substation EPCC for gas compression plant in Johor

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KUALA LUMPUR (Oct 12): Power distribution outfit Swift Energy Technology Bhd (KL:SET) said it has secured a contract to engineer and supply a 11kV substation for a gas compression plant in Johor, marking its first engineering, procurement, construction, and commissioning (EPCC) project. The … Read at The Edge Malaysia

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Deleum plans RM13 mil disposal of technology solutions unit to Ocean Vantage

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KUALA LUMPUR (Oct 12): Oil and gas services provider Deleum Bhd (KL:DELEUM) has entered into a heads of agreement (HOA) to sell its 86.67% stake in Deleum Technology Solutions Sdn Bhd (DTS) to Ocean Vantage Holdings Bhd (KL:OVH) for RM13 million cash.  The move is part of efforts to streamline its … Read at The Edge Malaysia

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National Climate Change Bill to be tabled in current Parliament sitting, says deputy minister

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KUALA LUMPUR (Oct 12): The National Climate Change Bill will be tabled in the current parliamentary sitting, said Deputy Natural Resources and Environmental Sustainability Minister Syed Ibrahim Syed Noh. Preparations for the proposed legislation are ongoing and further stakeholder engagements are … Read at The Edge Malaysia

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In the US, a wealth boom and a price shock collide

WASHINGTON: The US is in the middle of a historic and costly technological revolution, with the artificial intelligence buildout driving a level of investment set to eclipse the previous telecommunications boom, as well as national projects like the construction of rail and highway networks. The … Read at Free Malaysia Today

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Norway fines Microsoft’s Xandr US$9.6mil over Grindr data sharing

GDANSK: Norway's data protection authority has fined Microsoft's adtech unit Xandr 92 million crowns (US$9.61 million) for unlawfully relaying Grindr users' sensitive data to thousands of advertisers, it said on Monday. Xandr relayed data revealing the sexual orientation of users of Grindr, a … Read at Free Malaysia Today

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Blackouts hit Indian factories as coal crunch feeds into economy

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(Oct 12): Indian factories, smelters and households are being hit by blackouts and rising energy costs as the impact of plunging coal stockpiles at the country’s power stations ripples through the economy. The weakest monsoon since 2015 has curbed hydropower output while hotter-than-normal weather … Read at The Edge Malaysia

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Angkasa wants all cooperatives to fulfil qualification process to become MyKasih business partners

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TANAH MERAH (Oct 12): The National Cooperative Organisation of Malaysia Bhd (Angkasa) has suggested that all registered cooperatives, including mosque cooperatives, fulfil the qualification requirements to become MyKasih store business partners. Angkasa President Datuk Seri Dr Abdul Fattah Abdullah … Read at The Edge Malaysia

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HSBC moves to Wall Street bonus model, cuts fixed-pay deals

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(Oct 12): HSBC Holdings Plc will phase out fixed-pay allowances for its senior staff and instead hand out a greater proportion of its compensation in the form of bonuses, becoming the latest UK lender to switch to Wall Street-style remuneration to better align with performance. The … Read at The Edge Malaysia

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Asian stocks drift lower as AI anxiety hits South Korea; won at two-year high

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(Oct 12): South Korean shares dragged emerging Asian stock markets lower on Monday as investors grew wary of hefty AI-related spending and weak returns ahead of the earnings season, while broad US dollar selling lifted the won to a two-year high. MSCI's broad index of emerging Asia stocks fell 0.8% … Read at The Edge Malaysia

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How a Former IT Specialist from Singapore Is Rebuilding His Finances

KOTA KINABALU: After spending two decades working as an IT technician in Singapore, 40-year-old Jimmy Wong returned to Malaysia three months ago with a new priority: to be closer to his mother while finding a sustainable source of income. Returning home also meant rethinking his career and … Read at Borneo News

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China’s BYD says eyeing France for new auto plant

PARIS: Chinese electric vehicle maker BYD is considering France for one of two new factories in Europe, which has charged tariffs on Chinese EV imports since 2024 to try to protect its automakers from low-cost competition. "France is on the shortlist... We're studying very closely the possibility … Read at Free Malaysia Today

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Goldman strategists upgrade global stocks on earnings boost

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(Oct 12): Goldman Sachs Group Inc strategists are turning positive on global stocks for the short term, citing a boost from strong earnings for markets already trading near all-time highs. Equity prices are less demanding after higher oil prices and bond yields stalled the rally, while the outlook … Read at The Edge Malaysia

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Tong Herr privatisation offer 'not fair but reasonable', says independent adviser

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KUALA LUMPUR (Oct 12): A privatisation offer for Tong Herr Resources Bhd (KL:TONGHER) is 'not fair but reasonable', the appointed independent adviser said in calling for minority shareholders to accept the deal. The RM2.55-per-share offer is unfair because it undervalues Tong Herr, Mercury … Read at The Edge Malaysia

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Chris Lee retires as RAM group CEO; Julie Ng is acting chief

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KUALA LUMPUR (Oct 12): RAM Holdings Bhd announces the retirement of Chris Lee Wai Kit as group chief executive officer and executive director of RAM Holdings and RAM Rating Services Bd (RAM Ratings), effective Sept 30, 2026, with Julie Ng stepping in as its acting chief. In a press statement on … Read at The Edge Malaysia

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Genting falls 17% to 2007 lows after over RM1 bil cash call

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KUALA LUMPUR (Oct 12): Genting Bhd (KL:GENTING) fell to its lowest in nearly two decades after the gaming conglomerate announced a RM1.25 billion cash call to pare down borrowings. Shares of Genting fell as much as 32 sen or 17.02% to RM1.56, its lowest since April 2007. The stock was trading at … Read at The Edge Malaysia

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Tencent tells investors its US$5 bil bond mainly for AI capex — Bloomberg

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(Oct 12): Tencent Holdings Ltd told fixed-income investors Monday that its planned bond offering of about US$5 billion (RM20.4 billion) will help finance AI-related capital expenditures, people familiar with the matter said, as it doubles down on the sector. The Chinese technology and gaming giant … Read at The Edge Malaysia

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The State of the Nation: Recasting the age 55 EPF withdrawal into a lifetime pension promise

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This article first appeared in The Edge Malaysia Weekly on October 5, 2026 - October 11, 2026 AS the life expectancy of Malaysians increases, Putrajaya is aiming for at least 60% of Employees Provident Fund (EPF) members to meet the Basic Savings benchmark of RM390,000 by age 60 by 2030. However, … Read at The Edge Malaysia

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Oil prices fall on Trump’s ‘energy ceasefire’ claim, Asian markets mixed

HONG KONG, Oct 12 — Stock markets were mixed today as oil prices fell after Donald Trump announced an “energy ceasefire” between Russia and Ukraine, which offset a fresh wave of Houthi attacks on Saudi Arabia. Both main crude contracts sank more than one per cent at one point following the US … Read at Malay Mail

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India wastes 4% of solar power amid power shortages in July, August, report shows

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NEW DELHI (Oct 12): India turned away nearly 1.8 billion units of renewable electricity in July and August, even as it grappled with power shortages and dwindling coal stocks at power plants during a period of record electricity demand, a report showed on Monday. About 4.2% of total solar … Read at The Edge Malaysia

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IMF says AI investment keeps global growth around 3%

BANGKOK: Strong investment in AI infrastructure is keeping global growth at around 3%, yielding major benefits for many Asian economies that supply the hardware, such as Thailand, International Monetary Fund managing director Kristalina Georgieva said on Monday. The artificial intelligence … Read at Free Malaysia Today

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European, Chinese automakers launch product blitz at Paris car show in fight for market share

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PARIS (Oct 12): European and Chinese automakers were expected to unveil as many as 60 new models at the Paris car show on Monday, as the fight for car buyers' attention on the continent continues to intensify. This year's show comes just days after the European Union announced a deal with China … Read at The Edge Malaysia

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