KUALA LUMPUR (Oct 7): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:

CIMB Group Holdings Bhd (KL:CIMB) is exploring a sale of its business in the Philippines as part of efforts to streamline and focus on bigger markets for growth, according to people with knowledge of the matter. The Malaysian lender is working with a financial adviser on the potential divestment and has reached out to prospective buyers to gauge interest, said the people. A deal could value the business at as much as US$200 million (RM817 million). — CIMB considers selling Philippine business — Bloomberg

Zetrix AI Bhd (KL:ZETRIX) said the exact amount it owes the Road Transport Department (JPJ) is still being finalised between the two parties, a day after Transport Minister Anthony Loke Siew Fook said the company had accumulated RM314 million in unpaid remittances. In response to queries from Bursa Malaysia, the group reiterated that it had submitted a payment proposal to settle the arrears, and that the final sum and settlement terms remain subject to further discussions and formal agreement with authorities. — Zetrix says still finalising amount owed to JPJ after Loke reveals RM314m arrears

CIMB, Zetrix AI, Top Glove, Samaiden, Mesiniaga, Scientex, Dialog, Elridge Energy, Insights Analytics, SLGC