GXBank has been scaling up its lending business and now, three years since launching operations, is pursuing early graduation from its foundational phase as a digital bank as it looks to enter its next phase of growth.

The country’s first digital bank, which began operations on Sept 1, ...

GXBank scales lending book, pursues early graduation

AMMB Holdings Bhd (KL:AMBANK) and US-based MetLife International Holdings LLC are considering strategic options for their joint-venture insurance business, sources say. The parties are considering “all options”, including a possible sale of the business, a source tells The Edge.

AMMB an...

AMMB and MetLife said to be weighing options for insurance JV

SOUTHEAST Asia’s (SEA) fintech space appears to be heating up.

TNG Digital Sdn Bhd, the operator of Malaysia’s most widely used e-wallet, TNG eWallet, recently sounded out several investment banks for a potential listing on Bursa Malaysia, sources say.

“[TNG Digital] invited a...

TNG Digital sounds out banks as GCash operator nears listing

The key focus this week will be on China President Xi Jinping’s Sept 24 visit to the US for a highly anticipated meeting with President Donald Trump, during which tariffs are expected to be a key topic. The meeting comes four months after Trump’s visit to Beijing in May.

The Week Ahead: Eyes on Xi-Trump summit, high-level UN debate, Indonesia’s policy rate decision

OVER the last few years, Malaysia has seen a string of Middle Eastern Islamic banks exit the market for various reasons. Al Rajhi Banking & Investment Corp (M) Bhd (ARBM), now the sole Middle Eastern lender left in the market, says it is staying put.

According to its CEO Syahrul Ish...

Al Rajhi Malaysia chooses growth over exit as peers retreat

SYARIKAT Takaful Malaysia Keluarga Bhd (KL:TAKAFUL) is stepping up its push into retail takaful as part of a strategy to sustain earnings growth over the next few years, seeking to build a bigger customer base while keeping its higher margin credit-related business as the backbone of its earnings...

Takaful Malaysia sees retail business as next growth engine 

STANDARD Chartered Saadiq Bhd (StanChart Saadiq) expects to build on its strong growth last year, but has tempered its ambition for balance sheet expansion this year as it focuses on deepening its cross-border and wealth management businesses.

Its CEO Bilal Parvaiz says the Islamic fina...

Standard Chartered Saadiq expects growth despite challenges

The 2026 Umno general assembly, which is expected to draw over 50,000 attendees, will take place over four days from Sept 9 to 12. Among the key issues to be debated are the party’s direction and its political cooperation, particularly within the framework of the unity government.

The Week Ahead: Umno general assembly, US inflation, Japan 2Q GDP in focus

ISLAMIC finance is entering a new phase in which the biggest opportunity for financial institutions may lie not simply in expanding the pool of shariah-compliant capital but in connecting regions that are becoming increasingly intertwined through trade, investment and financial flows.

T...

Islamic finance enters ‘connector’ era that enables new opportunities, says StanChart 

The key focus in this holiday-shortened week will be corporate earnings for the April-June quarter. Among those scheduled to report their results are banking heavyweights Malayan Banking Bhd (KL:MAYBANK) on Aug 27; CIMB Group Holdings Bhd (KL:CIMB) and RHB Bank Bhd (KL:RHBBANK) on Aug 28; and Public Bank Bhd (KL:PBBANK) tentatively on Aug 26. Axiata Group Bhd (KL:AXIATA) will release its financials on Aug 28.

The Week Ahead: Eyes on Maybank, heavyweights’ 2Q results and July PPI data

Oil prices eased on Friday after a sharp climb a day earlier as the market refocused on signs of recovering Middle Eastern supplies, though the possibility of renewed US-Iran tensions provided a floor.

Oil retreats as market weighs mixed supply signals

KUALA LUMPUR (Oct 2):  Parti Keadilan Rakyat (PKR) president Datuk Seri Anwar Ibrahim said former party member Lee Chean Chung had not attended party meetings or congresses for some time.

Anwar: Lee Chean Chung has not attended PKR meetings, congresses

SINGAPORE (Oct 2): The number of liquefied natural gas (LNG) cargoes exiting the Strait of Hormuz rose in September to its highest monthly level since the US-Israeli war on Iran began, data from analytics firms, shows, despite persistent security worries and uncertainty.

September LNG shipments through Hormuz hit highest since start of US-Iran war

On July 11, a new road was opened between Malaysia and Thailand connecting the Bukit Kayu Hitam ICQS (Immigration, Customs, Quarantine and Security) Complex in Kedah to the new Sadao CIQ (Customs, Immigration and Quarantine) Complex in Songkhla, in southern Thailand. Launched by Prime Minister Da...

Building a northern industrial ecosystem

The board of Thai Airways has suspended chief executive Chai Eamsiri over the flag carrier's response to a flood crisis in Bangkok, local media outlets reported on Friday.

Thai Airways board suspends chief executive over flood response, local media report

James Dyson’s vacuum cleaner maker has ramped up its annual dividend to the billionaire’s family holding company following years of declining payouts for one of Britain’s richest entrepreneurs.

Dyson’s US$995 mil dividend reverses years of falling payouts

(Oct 2): Volvo Car AB scrapped its full-year sales-volume and cash-flow outlook, warning of a significant hit to third-quarter earnings due to deteriorating conditions in China and a slower-than-expected US recovery.

Volvo Car scraps outlook as China, US weakness curb earnings

KUALA LUMPUR (Oct 2): Nepal's Prime Minister Balendra Shah has assured the Malaysian government that it will provide all necessary cooperation to facilitate the process of verifying the status of 54 Malaysians who remain unaccounted for after the country's devastating floods.

Anwar: Nepal PM vows cooperation to verify status of 54 missing Malaysians

(Oct 2): Novartis AG will license a messenger RNA-based autoimmune therapy from China’s Abogen Biosciences, in a deal worth as much as US$7.8 billion.

Novartis inks Chinese mRNA-therapy deal for up to US$7.8 bil

Hong Kong’s stock benchmark led losses in Asia as trading resumed after a holiday, pressured by the recent surge in US yields and disappointment over China’s latest stimulus measures.

Hong Kong stocks slump most since March, led by financials

KUALA LUMPUR (Oct 2): Zetrix AI Bhd (KL:ZETRIX) owes the government over RM200 million as the digital services firm failed to remit the money collected from its customers, the Straits Times reported on Friday.

Transport Ministry confirms to The Edge that Zetrix AI owes JPJ over RM200 mil

KUALA LUMPUR (Oct 2): American manufacturers operating in Malaysia are reducing their reliance on Chinese inputs and turning to local suppliers as they adapt to pressure from US tariffs, according to a survey.

US manufacturers in Malaysia shift to local suppliers, cut Chinese inputs amid tariffs, survey shows

Prime Minister Datuk Seri Anwar Ibrahim’s PKR has lost another member of Parliament after Petaling Jaya MP Lee Chean Chung announced his resignation from the seat on Friday.

Lee Chean Chung resigns as Petaling Jaya MP, leaving PKR with only 26 seats

PUTRAJAYA (Oct 2): Berjaya Hills Resorts Bhd has filed leave to appeal to the Federal Court, over the Court of Appeal’s decision on July 16, which had ruled that state governments have the authority to determine quit rent rates without having to obtain approval from the National Land Council (NLC).

Berjaya Hills obtains stay against Pahang govt’s land forfeiture, also lodges appeal to apex court

Selling pressure on Malaysian large-cap stocks could persist over the next one to three months amid cautious global sentiment but is unlikely to trigger a sharp market correction, according to BIMB Securities.

KLCI selling pressure may persist, but sharp correction unlikely — analysts

Asian shares fell on Friday as investors grappled with wild swings in bond and currency markets ahead of key US jobs data, while a widening US military buildup in the Gulf kept oil prices elevated and inflation risks alive.

Asian shares fall after wild swings in bonds, forex; US jobs data looms

（吉隆坡2日讯）据《海峡时报》周五报道，数字服务公司Zetrix AI Bhd（KL:ZETRIX）拖欠政府逾2亿令吉，原因是该公司没有上缴向客户收取的款项。

交通部向The Edge证实 Zetrix AI欠JPJ超过2亿

KUALA LUMPUR (Oct 2): Country Heights Holdings Bhd (KL:CHHB) said its 80.90%-owned subsidiary Golden Horse Palace Bhd (GHPB) has been served with a winding-up petition over two outstanding Industrial Court awards.

Palace of the Golden Horses operator served winding-up petition over industrial court award claim

KUALA LUMPUR (Oct 2): IOI Properties Group Bhd's (KL:IOIPG) second attempt at Shenton House is drawing less analyst concern now that the group has a clearer capital-recycling path through its Malaysian REIT and a potential Singapore REIT.

IOI Properties' second bid on Shenton House draws less caution as REITs open capital-recycling route — analysts

Tenaga Nasional Bhd’s (TNB) (KL:TENAGA) customers who use up to 800 kilowatt-hours (kWh) of electricity per month will receive a pro-rata credit for the September bill adjustment, which will be credited directly to their October 2026 electricity bills.

Customers to get pro-rata credit in October 2026 bills, says TNB

Petroliam Nasional Bhd’s (PETRONAS) capital allocation could come under pressure if the government seeks larger dividend contributions from the state-owned oil firm to offset higher fuel subsidy costs, according to BIMB Securities.

Larger PETRONAS dividend may weigh on long-term capital allocation — BIMB Securities

Malaysia’s top 100 technology start-ups identified by Cradle Fund Sdn Bhd collectively generated RM8.5 billion in revenue in the financial year 2024, with an average compound annual growth rate of 87% between 2021 and 2024.

Top 100 start-ups generate RM8.5 bil in revenue

The first apartment came up for auction and nobody moved.

Luxury condos seized in Singapore’s biggest money-laundering case find few buyers

Zhi Ge, the alleged leader of an international insider trading ring, lost his court challenge against a US extradition request.

Singaporean insider trading suspect loses extradition fight

Oil prices eased on Friday after a sharp climb a day earlier as the market refocused on signs of recovering Middle Eastern supplies, though the possibility of renewed US-Iran tensions provided a floor.

THE government will have to find more fiscal space without slapping on new taxes under Budget 2027. High energy prices are eating into some of the savings from subsidy reforms even as Putrajaya wants to cushion households, invest for growth and continue narrowing the fiscal deficit.

<div c...

Cover Story 1: Experts expect Putrajaya to sweat existing tax system 

BENGALURU (Oct 2): Amazon is seeking to offload about US$8 billion of advanced Nvidia&nbsp;chips to investors through a new vehicle to strengthen its balance sheet, the Financial Times reported on Friday, citing people familiar with the matter.

Amazon seeks to offload US$8 bil of Nvidia chips to investors, FT reports

KUALA LUMPUR (Oct 2): Gas Malaysia Bhd (KL:GASMSIA)&nbsp;aims to make a final investment decision on plans for its first regasification terminal by the second half of next year, with the facility due to come online by the end of 2030, its chief executive said.

Gas Malaysia targets investment decision on Kedah LNG terminal by second half of 2027

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

YOUR DAY AHEAD: Oct 2, 2026 

(Oct 2):&nbsp;A US lawmaker has called on Starbucks to close its first stores in China's Xinjiang, calling it a "morally bankrupt decision" to do business in a region where Uyghurs face repression.

Adeline Paul Raj

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Adeline Paul Raj

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