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When contractors function as banks
This article first appeared in City & Country, The Edge Malaysia Weekly on October 12, 2026 - October 18, 2026Malaysia’s construction industry may be growing at a healthy clip, but many contractors, particularly the smaller ones, may not be receiving their payments quickly enough. This was the message of a panel discussion titled “Liquidity or liq

My Say: The next frontier of Malaysian stamp duty
This article first appeared in Forum, The Edge Malaysia Weekly on October 19, 2026 - October 25, 2026 Budget 2027 offers several welcome stamp duty measures. More importantly, developments over the past 18 months suggest that Malaysia’s stamp duty regime will continue to evolve. What is in store? Budget 2027 introduces several stamp duty measure

Zetrix AI — From hero to zero
KUALA LUMPUR (Oct 24): Zetrix AI Bhd’s (KL:ZETRIX) managing director Wong Thean Soon’s stake has fallen to insignificant levels of 1.84% currently from almost 30% a few weeks earlier, as a result of force selling by financial institutions he had pledged his shares to. Until today, the cause of the selldown of Zetrix and Wong’s shares has not been

Former Atlan CEO Lee Kok Khee emerges as substantial shareholder in AWC
KUALA LUMPUR (Oct 23, 2026): Former Atlan Holdings Bhd (KL:ATLAN) CEO Datuk Lee Kok Khee has become a substantial shareholder in AWC Bhd (KL:AWC) through a share purchase by Mastrack Sdn Bhd, a company he owns. According to a filing with Bursa Malaysia, Mastrack acquired 4.91 million AWC shares, representing a 5.85% stake, through a direct busines

Zetrix AI, Astro, Maxis, CelcomDigi, Yinson, Malakoff, Solarvest, YTL Hospitality REIT, Hong Leong Capital, REDtone Digital, Affin Bank & Comfort Gloves
KUALA LUMPUR (Oct 23): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday: Zetrix AI Bhd (KL:ZETRIX) will hold another sukukholders’ meeting after parties failed to reach a deal on Friday to address a covenant breach involving its RM2 billion sukuk by the deadline. The date of the next meetin

Zetrix AI offers 789 mil share options at 28% discount amid cash flow, sukuk pressures
KUALA LUMPUR (Oct 23): Zetrix AI Bhd (KL:ZETRIX) has offered 788.83 million employee share options at a 28% discount to its Friday closing price, with recipients able to exercise them immediately, as the group faces cash flow pressures and a sukuk covenant breach. In a filing with Bursa Malaysia on Friday, the group said the options were offered

TuJu apologises for losing its way, targets recovery within two weeks
KUALA LUMPUR (Oct 23): Malaysian navigation app TuJu has apologised to users for recent technical disruptions and expects to restore stable navigation services within two weeks. In a statement on Friday, Prosignal Consortium Sdn Bhd, which manages the app, acknowledged the inconvenience caused by problems affecting its navigation functions over th

明讯拟以最高8300万收购Astro Fibre业务资产
(吉隆坡23日讯)明讯(Maxis Bhd)(KL:MAXIS)将以最高8300万令吉,向Measat Broadcast Network Systems私人有限公司(MBNS)收购Astro大马控股(Astro Malaysia Holdings Bhd)(KL:ASTRO)的Astro Fibre业务。 明讯向大马交易所报备,已通过独资子公司Maxis Broadband私人有限公司,与MBNS签署了一份有条件买卖协议。 Astro Fibre于2022年推出,提供可与Astro电视配套捆绑的高速宽频服务。该业务在半岛使用马电讯(Telekom Malaysia Bhd)(KL:TM)的光纤基础设施,在沙巴则使用前称Celcom Timur(沙巴)私人有限公司的CTS Horizon