<div class=newsTextDataWrapInner>Budget 2020: Digital bank licensing framework to be finalised by Bank Negara and open for application in 1H20</div>
</div><div class=inPageAd id=div-gpt-ad-inpage>

Budget 2020: Digital bank licensing framework to be finalised by Bank Negara and open for application in 1H20
...

Budget 2020: Digital bank licensing framework to be finalised by Bank Negara and open for application in 1H20

YOUR DAY AHEAD: Nov 11, 2026

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Nov 11, 2026 

Nvidia Corp.’s independent board members tapped a former top federal prosecutor to help probe Chief Executive Officer Jensen Huang’s relationship with a suspected Chinese spy.

Nvidia board members tap Wachtell’s Kim for Huang probe

Asian stocks and bonds were poised to fall after hotter-than-expected US inflation drove losses on Wall Street and fueled bets that the Federal Reserve may hike interest rates more aggressively to tame prices.

Asian stocks, bonds to drop as Fed hike bets mount

OpenAI’s quarterly revenue hit US$10 billion for the first time in the three months ending in September, according to a person familiar with the matter, driven by strong demand for its latest artificial intelligence software.

OpenAI third quarter revenue soars nearly 50% to US$10 billion

Wall Street doubled down on wagers the Federal Reserve will need to lift rates more aggressively, with stocks and bonds falling as inflation worries spurred fresh warnings from officials.

Stocks, bonds fall as Fed-hike chorus grows louder

Israel's parliament was sworn in on Tuesday without a new government, after a deadlocked general election stripped Prime Minister Benjamin Netanyahu of his parliamentary majority but left his main rivals with no clear path to power.

Israel's parliament sworn in as Eisenkot tries to forge a government

Wall Street is poised to deliver another banner year for bonuses off record profits for big banks, with questions lingering around what lies further ahead for the industry.

Wall Street bonuses seen climbing before prospects weaken

Federal Reserve Bank of Dallas president Lorie Logan said she still sees the need for at least two quarter-point rate increases, but that the pace of those hikes may need to be quicker than the Fed is moving this fall.

Fed’s Logan favours at least two hikes, says pace could quicken

Prime Minister Datuk Seri Anwar Ibrahim should not bow to political pressure to dissolve Parliament ahead of schedule.

PM should not bow to pressure to dissolve Parliament — Loke

Big Caring Group Bhd's initial public offering (IPO) was oversubscribed by 4.31 times under the Malaysian public portion, ahead of the pharmacy chain operator's listing on Bursa Malaysia's Main Market.

Big Caring IPO's public tranche oversubscribed 4.31 times

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.

Zetrix AI, Sunway REIT, Hup Seng, YNH Property, Favelle Favco, Critical Holdings, PMW, Kumpulan Kitacon, Advancecon & Jati Tinggi

Zetrix AI Bhd (KL:ZETRIX) on Tuesday confirmed to Bursa Malaysia it still owes RM25 million in payments that was due last Friday for a tranche of its sukuk programme. &nbsp;&nbsp;

Zetrix AI confirms to Bursa default on RM25m sukuk obligation on Nov 6, commits to settlement

A&nbsp;sport utility vehicle bearing Datuk Seri Najib Razak has arrived at his residence in Langgak Duta here, hours after the High Court issued a rectified order&nbsp;allowing the&nbsp;former prime minister to spend the rest of his jail time for siphoning RM42 million from SRC International Sdn Bhd&nbsp;under house arrest.&nbsp;

Najib arrives home at Langgak Duta to begin house arrest

The Home Ministry (KDN) is ready to implement the High Court's decision ordering former prime minister Datuk Seri Najib Razak to serve the remainder of his six-year prison sentence under house arrest until Aug 23, 2028.

Najib's house arrest: Home Ministry ready to implement High Court ruling

Nvidia chief executive officer Jensen Huang's affair with a Chinese businesswoman alleged to be a spy for Beijing facilitated the shipment of at least US$7.5 billion (RM30.4 billion) worth of the company's chips to Chinese firms, The Information reported on Tuesday, citing two people who know her.

Nvidia CEO's affair with alleged spy aided US$7.5 bil in China chip shipments, Information reports

Wall Street's main indices retreated on Tuesday, pausing a two-day rebound in tech shares, after a hotter-than-expected October inflation reading reinforced fears that the Federal Reserve could keep interest rates higher for longer.

Wall St falls as hot inflation data fuels rate-hike jitters

Microsoft has been pressing the Trump administration to halt plans to bar Chinese imports of a key component used in artificial intelligence (AI) data centres, three people familiar with the situation said.

Microsoft said to press Trump to scuttle expected ban on Chinese data centre technology

Sea Ltd&nbsp;earnings missed estimates after the Southeast Asia e-commerce leader boosted spending in artificial intelligence (AI) features and intense competition weighed on prices.

Singapore’s Sea misses earnings estimates on rising AI costs

Prime Minister Datuk Seri Anwar Ibrahim should not bow to political pressure to dissolve Parliament ahead of schedule.

Citaglobal Bhd (KL:CITAGLB) said on Tuesday that it is expanding its environmental business &nbsp;through a partnership to explore carbon credit schemes via mangrove conservation projects in Pahang and Lampung, Indonesia.

Citaglobal inks partnership to explore mangrove conservation carbon credit scheme   

US President Donald Trump said on Monday the FBI is&nbsp;looking into Nvidia chief executive officer&nbsp;Jensen Huang's affair with a Chinese businesswoman alleged to be a spy for Beijing.

Trump says FBI probing Nvidia CEO as China controversy deepens

PMW International Bhd (KL:PMW) has secured an additional RM64.37 million in contract value as well as a one-year extension for its spun concrete poles supply job for Tenaga Nasional Bhd (KL:TENAGA).

PMW gets RM64m extension for Tenaga concrete pole supply job

A key gauge of US consumer prices posted another firm advance in October, likely keeping the Federal Reserve on track to raise interest rates next month.

US core CPI rises by more than forecast, supporting Fed hike

Malaysia’s industrial output is expected to maintain its strong momentum in the final quarter of the year amid resilient external trade and a rebound in manufacturers' operating conditions, say economists.

Malaysia’s industrial output to remain strong in final quarter, say economists

Treasuries sank and traders solidified their bets that Federal Reserve officials will raise interest rates when they next meet in December after evidence of persistently hot US inflation.

US Treasuries drop as hot inflation backs December rate bets

Dutch chipmaker Nexperia is "totally oversubscribed" as suppliers divert manufacturing capacity towards fast-growing artificial intelligence (AI) data centres and away from the mature chips used in cars and industrial equipment, interim CEO Stefan Tilger told Reuters at the Electronica trade fair in Munich on Tuesday.

Chipmakers warn AI demand is creating bottlenecks in auto supply chain

Israel's parliament was sworn in on Tuesday without a new government, after a deadlocked general election stripped Prime Minister Benjamin Netanyahu of his parliamentary majority but left his main rivals with no clear path to power.

Asian stocks and bonds were poised to fall after hotter-than-expected US inflation drove losses on Wall Street and fueled bets that the Federal Reserve may hike interest rates more aggressively to tame prices.

Alibaba Group Holding Ltd’s in-house chip design unit T-Head has filed for a Hong Kong listing, moving ahead with a proposed spin-off of a business that supplies data-centre processors in China.