AIRASIA’S recent financial struggles have been covered on an almost daily basis, but a deeper look suggests that, unlike the narrative being offered today, it is not simply about liquidity. The group can still generate substantial revenues and Ebitda; where it has struggled is turning that operational scale into a sufficiently resilient cash flow.

Opinion: What Islamic finance can do for AirAsia’s restructuring

THE Prime Minister recently suggested that his government might blend the Sales and Services Tax (SST) with the Goods and Services Tax (GST) into a single, more cohesive system. It is understandable why the idea appeals to policymakers keen to have it both ways. But it is crucial that we recognise that two  structurally different taxes rarely combine into something better than either on its own. What the country  needs today is a clear choice, made without any form of hedging, for whatever reason.

Opinion — GST or SST: The easiest choice to make 

Bank Negara Malaysia (BNM) has held the overnight policy rate (OPR) at 2.75%, following the latest Monetary Policy Committee meeting. However, while the OPR is an important lever in managing the macro side of the economy, it cannot control every economic parameter. The biggest example of this lies in the nation’s Producer Price Index (PPI).

Opinion: Overnight policy rate is limited in function

So closely is economics bound to politics that universities have built entire fields and faculty around it, with degrees such as Philosophy, Politics and Economics. The scroll’s pedigree speaks for itself: David Cameron and Rishi Sunak both read it before becoming British prime ministers, as did ...

My Say: Politics, politics and economics

The dispute between Petroliam Nasional Bhd (PETRONAS) and Petroleum Sarawak Bhd (Petros) remains unresolved. While Prime Minister Datuk Seri Anwar Ibrahim has expressed confidence that a fair resolution is achievable, recent developments offer little cause for optimism. What began as a jurisdicti...

My Say: PETRONAS versus Petros — a corporate feud that endangers the rakyat

The proposed RM11 billion takeover of IJM Corporation Bhd (KL:IJM) by Sunway Bhd (KL:SUNWAY) represents one of the most significant corporate transactions in recent Malaysian history. With government-linked investment companies (GLICs) collectively holding 43.88% of IJM shares — Kumpulan Wang Sim...

My Say: Sunway’s IJM takeover bid needs careful re-evaluation

The government's recent announcement of RM15 billion in cash assistance for 2026 through the expanded Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (Sara) programmes represents an unprecedented commitment to direct aid for Malaysians.

Opinion: Cash assistance programmes: Addressing the rakyat’s pain once and for all

Malaysia's banking industry faces a convergence of structural pressures stemming from recent fiscal policy shifts. The expanded sales and services tax (SST), increasingly significant utility rate hikes and mandatory EPF contributions for foreign workers have compressed corporate margins, particularly among Small and Medium Enterprises (SMEs).

Opinion: Banking sector must manage growing pressures

THE Malaysia-US Agreement on Reciprocal Trade (ART) announced recently will see Malaysia channel RM294 billion into job-creating investments into the United States over the next ten years, per Article 6.1(3). The agreement is a result of months of negotiations designed specifically to offset Malaysia’s trade surplus and boost American domestic economic figures.

Opinion: US investment commitments — The heavy task that awaits Malaysia's GLICs

I had the pleasure of attending the Khazanah Megatrends Forum 2025 recently, where leading experts, academics, and industry practitioners gathered to explore this year's theme, "Debugging Uncertainty". Most of the discussions thereby revolved around the tools and strategies trending in managing investment risks and uncertainties, in an increasingly complex global environment.

Opinion: Navigating uncertainty: A framework for faith-informed investment decisions

Pakatan Harapan (PH) component parties must respect the coalition's decision to hand the Bemban state seat to a Bersatu candidate in the Melaka state election, says PH election director Datuk Seri Amirudin Shari.

Melaka polls: PH component parties must respect decision on Bemban seat allocation — Amirudin

The extension of the West Coast Expressway (WCE) from Banting, Selangor, to Masjid Tanah was among the matters discussed by the Cabinet, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

WCE expected to be extended from Banting to Masjid Tanah — Ahmad Zahid

Wall Street's main stock indices advanced on Tuesday as optimism around the artificial intelligence (AI) trade persisted ahead of a raft of key corporate earnings, while easing oil prices also supported risk appetite heading into the Federal Reserve's policy decision this week.

Wall St rises as AI momentum holds heading into key earnings, Fed decision

Discussions between Melaka Barisan Nasional (BN) chairman Datuk Seri Ab Rauf Yusoh and MCA president Datuk Seri Dr Wee Ka Siong is believed to have successfully resolved several deadlocks regarding seat distribution for the Melaka state election (PRN) next month.

Several deadlocks in seat distribution with MCA resolved — AB Rauf

JetBlue Airways Corp reassured Wall Street that it’ll be profitable next year, as the debt-laden carrier seeks to overcome persistent losses and high oil prices to prevent a deeper restructuring.

JetBlue shares soar after it vows to return to profitability

A Brazilian Supreme Court justice ordered federal police to open a probe into possible illegal foreign financing of defeated candidate Flávio Bolsonaro’s presidential campaign, including by a group linked to US Vice President JD Vance.

Brazil probes foreign financing, including group linked to Vance

Israelis surged to the polls on Tuesday at a pace that shattered records, to pass wartime judgment on Prime Minister Benjamin Netanyahu in what voters described as the most consequential election in the nation's history.

Israelis shatter turnout records to pass wartime judgment on Netanyahu

Asean Special Envoy to Myanmar Maria Theresa Lazaro is expected to visit Naypyidaw, Myanmar from Oct 28 to 29 to seek progress on efforts by the country to address its political crisis ahead of the 49th Asean Summit.

Asean special envoy to visit Myanmar ahead of summit 

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

Zetrix AI, AirAsia, CIMB, SD Guthrie, Nestle Malaysia, LPI Capital, Dufu Technology, Eco-Shop, Tenaga Nasional, Matrix Concepts, AME Elite, Ni Hsin, HB Global, Infomina, Bintai Kinden, Paragon Globe

Dufu Technology Corp Bhd (KL:DUFU) reported its highest quarterly net profit in four years driven by stronger hard disk drive (HDD) component sales and a fair value gain of  RM2.8 million from investments in listed shares.

Dufu posts highest quarterly profit in four years on stronger sales, fair value gain

The Court of Appeal has dismissed an appeal by Datuk Seri Stanley Thai to intervene in the winding-up proceedings against property unit Sunimax Development Sdn Bhd (SDSB).&nbsp;

Appellate court dismisses Stanley Thai’s bid to intervene in RM37m Sunimax Development winding-up

The government has yet to decide whether to provide financial support to financially-distressed AirAsia Group Bhd (KL:AAGB), Transport Minister Anthony Loke Siew Fook said.

Loke: Govt yet to decide on financial support for AirAsia

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

The government has barred a petrol station in Sungai Buaya in Nibong Tebal, Penang, from selling subsidised RON95 petrol and diesel after detecting suspicious transactions under the Budi Madani programme.

Govt bars Penang petrol station from selling subsidised fuel, blocks RM270,000 in payments over alleged Budi Madani abuse 

The government has approved a requirement for data centres to use at least 30% renewable energy, Deputy Prime Minister Datuk Seri Fadillah Yusof said on Tuesday.

Data centres to be required to source at least 30% renewable energy — Fadillah

Malaysia’s swelling palm oil inventories are straining storage capacity in the country’s top-producing state, as a bumper harvest piles pressure on the government to clear excess supplies.

Malaysian palm oil glut swamps storage in top producer Sarawak

A group of Kuala Lumpur residents has gone to the court to challenge a 66-year-old law that allows the government to take over private land, including for projects by private companies.

Kuala Lumpur residents' group files court challenge against 1960 law on compulsory land acquisition

Paragon Globe Bhd (KL:PGLOBE) on Tuesday received shareholders’ approval for its proposed sale of 65 acres of land in Iskandar Puteri, Johor, to a unit of Singapore-based DayOne Data Centers Ltd for RM398.11 million.

Paragon Globe gets shareholders’ nod for RM398m Johor land sale to data centre firm DayOne

YNH Property Bhd (KL:YNHPROP) said the Inland Revenue Board (IRB) will withdraw a winding-up petition against its wholly-owned subsidiary after it reached a settlement on outstanding tax liabilities.

YNH Property says IRB to withdraw winding-up petition following settlement on tax liabilities

Dufu Technology Corp Bhd (KL:DUFU) reported its highest quarterly net profit in four years driven by stronger hard disk drive (HDD) component sales and a fair value gain of &nbsp;RM2.8 million from investments in listed shares.

Tenaga Nasional Bhd (KL:TENAGA) has issued RM4.8 billion in Islamic medium-term notes under its RM10 billion sustainability sukuk wakalah programme to finance or refinance eligible transition projects as part of its sustainability goals.

Tenaga Nasional issues another RM4.8 bil sukuk to fund transition projects

The High Court has dismissed an application by Mulia International Limited (MIL) — an international unit of Indonesia's prominent Mulia Group (PT Mulialand) — to stay a domestic commercial lawsuit brought against it by MKD Signature Sdn Bhd concerning the ownership of the Exchange 106 tower at Tun Razak Exchange (TRX).

High Court dismisses Mulia International’s bid to stay MKD Signature’s suit over Exchange 106 tower ownership dispute

Intel Corp&nbsp;agreed to buy Israeli start-up Classiq Technologies Ltd&nbsp;as part of a push to capitalise on quantum computing, a still-nascent field that is seeking commercial applications.

Intel said to buy quantum start-up Classiq for about US$2.3 bil

Eco-Shop Marketing Bhd (KL:ECOSHOP) posted a higher net profit for the first quarter, buoyed by store expansion and a rise in customer transactions.

Eco-Shop 1Q net profit rises nearly 8% as store network expands

Sandisk Corp, Micron Technology Inc, Seagate Technology Holdings plc and Western Digital Corp were among the stock market’s biggest winners in the first six months of the year as demand from the artificial intelligence (AI) build out seemed insatiable.

Memory stocks lost their shine despite strong earnings 

Impact Capital Holdings Bhd is aiming to maintain its profit after tax (PAT) margin above 6% over the next three to five years, supported by a healthy tender book and increasing recurring income.

ACE-Market bound Impact Capital eyes steady growth on strong pipeline and recurring income

Saudi Arabia contained a fire near its biggest oil export terminal at Ras Tanura on the Persian Gulf following an attack in the region, a person with knowledge of the matter said.

Aramco contains fire near Ras Tanura oil hub after attack — Bloomberg

A Brazilian Supreme Court justice ordered federal police to open a probe into possible illegal foreign financing of defeated candidate Flávio Bolsonaro’s presidential campaign, including by a group linked to US Vice President JD Vance.

A summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.

FBM KLCI up 0.47% to 1,611.85 on Oct 27, 2026

The government is determined to take stern action against the masterminds and syndicates behind foreign migrant smuggling, as well as any parties protecting or complicit with them, following the death of a Malaysian Maritime Enforcement Agency (MMEA) personnel while on duty.

Mazli Noor

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Mazli Noor

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