Last Friday (Sept 18), Zetrix AI Bhd (KL:ZETRIX) made an unusual and shocking announcement. The company was unable to proceed to pay to shareholders a cash dividend which was due on that day.

The Edge Says: Bursa must get Zetrix to disclose name of substantial shareholder who blocked cash dividend payment

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

YTL Power, Ranhill, MPHB, IHH Healthcare, Aurelius, Pestech, CelcomDigi, UEM Sunrise, IGB, FGV, E&O, Supermax, BLand, Magnum, Signature International, Star Media

A Singapore court has sentenced Malaysian John Soh Chee Wen — who was found guilty of masterminding the manipulation of three penny stocks that eventually collapsed and wiped off S$8 billion (RM26.23 billion) in market capitalisation in 2013 — to 36 years in jail. His main accomplice Quah Su Ling, another Malaysian, was given 20 years.

The Edge Says: Singapore gets it right — Severe punishment is the best deterrent against future commercial crimes

The Federal Land Development Authority (Felda) is silent after its third six-month special exemption from Bursa Malaysia for the 25% public shareholding spread in FGV Holdings Bhd expired on Aug 3 2022.

It continues to mop up more shares on the open market in an apparent attempt to privatise FGV on the cheap despite high palm oil prices and record profits.

Felda and privatisation of FGV: No end in sight

KUALA LUMPUR (April 17): To compound or not to compound may very well be the question when it comes to compoundable offences. The decision to compound the four executives in the Serba Dinamik Holdings Bhd case has raised a myriad of questions, thoughts, and opinions.

As a general princi...

MSWG CEO: What is the reason for the decision to compound in Serba Dinamik case?

KUALA LUMPUR (April 5): Whilst Gamuda is still considering and deliberating the offer from Amanat Lebuhraya Rakyat Berhad (ALR), and we will duly announce our decision on their offer immediately after our Board has made a decision on it, we would like to make the following comment(s):

Gamuda says everyone wins with ALR's takeover offer

KUALA LUMPUR (Feb 8): Last Friday (Feb 4), I took my children to the World Trade Centre in Kuala Lumpur to be vaccinated. Like all parents, whether a pandemic was in progress or not, my wife and I were understandably anxious. Indeed we are always anxious. We worry about the state of the world our children are growing up in and about the future they may have to inhabit. We want the best for them and we live in the hope that somehow, things will get better. We steel ourselves to be ready for anything but we weren't prepared for what awaited us that day.  As expatriate parents, understandably, our anxiousness had added dimensions to it.

A pleasant surprise during my children’s vaccination

Serba Dinamik Bhd’s standoff with market regulators and two major accounting firms over its delayed financial statements is becoming a joke. But it is definitely not funny.

To recap, the problem surfaced after its long-time external auditor KPMG highlighted discrepancies involving trans...

End the standoff: Serba Dinamik should make EY review public to prove it has nothing to hide

KUALA LUMPUR (Nov 16): Effective Jan 1, 2022, a proposal to remove tax exemption on income derived from foreign sources and received in Malaysia by Malaysian residents under Paragraph 28, Schedule 6 of the Income Tax Act (ITA) 1967 was announced in the recent Budget 2022.

Look into issues in proposed tax on foreign-sourced income

Money laundering is a process of converting cash or property derived from illegal activities to give it a legitimate appearance. It is a process to clean "dirty" money in order to disguise its criminal origin.

The Malaysian Anti-Corruption Commission (MACC) is empowered to enforce recovery of stolen assets via the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFPUAA 2001).

Understanding money laundering and asset recovery strategies

There are views now being promoted that any prescriptive regulations or employment requirements for vaccination status on individuals militate against the liberty of a person to choose NOT to be vaccinated. And further this is unconstitutional.

Does the Federal Constitution protection of fundamental liberty mean that laws employer cannot prescribe vaccination against Covid-19 be imposed?

MERDEKA!

On the 31st of August 2021, Malaysia will celebrate 64 years of independence. Over the last two years, the usual fanfare associated with the occasion (among others) has been replaced with quieter celebrations at home under what seems to be a perpetual state of lockdown.

Merdeka, in the midst of a pandemic

There is a call to set up a Royal Commission of Inquiry (RCI) to investigate allegations of interference on the judiciary. Such a call is wrong and must be rejected.

Setting up of RCI to investigate judiciary is unconstitutional

While grappling with the Covid-19 pandemic, Malaysia has also gone through a very toxic and stormy period of political crisis since the Sheraton coup took place in February 2020. Seventeen months after the parliamentary coup, we have yet another unelected government led by the ninth prime minister (PM), and third in three years, Datuk Seri Ismail Sabri Yaakob.

An idea of economic governance for new PM

Wall Street's main indices staged a turnaround on Thursday after higher oil prices lifted energy shares even as Nvidia CEO Jensen Huang's exit stirred concerns about the future of the artificial intelligence (AI) heavyweight.

Wall St recovers as energy shares climb as Nvidia woes deepen

The government is expected to launch the second phase of the Refugee Registration Document (DPP) programme soon, targeting United Nations High Commissioner for Refugees (UNHCR) cardholders not held at Immigration Detention Depots (DTIs).

Second phase of registration of Myanmar refugees expected to start soon — Ahmad Zahid

Pakatan Harapan (PH) is a tested political coalition that remains strong, built on trust and mutual respect among its component parties, says its secretary general Datuk Seri Saifuddin Nasution Ismail.

PH remains strong through trust and mutual respect — Saifuddin

Prime Minister Datuk Seri Anwar Ibrahim has been ranked 13th in the 2027 edition of The Muslim 500: The world's 500 most influential Muslims, published by the Jordan-based Royal Islamic Strategic Studies Centre (RISSC).

Anwar ranked 13th in 2027 list of world’s 500 most influential Muslims

Malaysia is now enjoying greater respect and a positive image internationally, reflecting the country's growing prominence and role on the global stage, Prime Minister Datuk Seri Anwar Ibrahim said.

Malaysia enjoying greater international respect, positive global image — Anwar

New York City's fire department reported on Thursday that more victims had been found after a three-story residential building collapsed, raising the death toll to at least eight, with 19 injured.

Eight dead in New York building collapse

Nvidia Corp’s stock plunged at the open on Thursday, taking the chipmaker’s market capitalisation below US$4 trillion (RM16.28 trillion) for the first time since 2025, after chief executive officer Jensen Huang resigned following the revelation of two affairs, one with a suspected Chinese spy.

Nvidia market cap sinks below US$4 tril following Huang's resignation

US previously owned home sales fell last month to a 16-year low as a cascade of negative news on mortgage rates and inflation deterred would-be buyers.

Existing US home sales tumble to lowest level since 2010

Alice Huang, the alleged Chinese spy at the heart of the scandal that brought down Nvidia's CEO, left Singapore in February and was barred from re-entering after an investigation into possible offences, the country's home affairs ministry said on Thursday.

Singapore barred Alice Huang from re-entry following investigation

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

Pharmaniaga, Hartalega, Johor Plantations, Keyfield, PIE, Hektar REIT, Eco World & Rimbunan Sawit

Malaysia Airlines Bhd said delayed aircraft deliveries plaguing the industry are threatening the carrier’s expansion plans.&nbsp; 
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Malaysia Airlines CEO warns new planes being delivered months late

Shares related to data centre investments in Malaysia fell on Thursday, led by YTL Power International Bhd (KL:YTLPOWR), amid reports of renewed turmoil at Nvidia.

YTL Power resumes decline amid renewed Nvidia turmoil as data centre pick-and-shovel trade falls

Thailand’s tourism recovery is losing momentum, with foreign arrivals headed for their first back-to-back annual decline outside the pandemic since at least 1995.

Thailand’s tourism comeback slips further out of reach

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Summary

<ul>
	<li>The federal government’s non-tax revenue includes ‘net premium from issuance of government financial instruments’ of RM2 billion under Budget 2027</li>
	<li>‘Net premium from issuan...

The State of the Nation: When cash basis accounting allows net bond premiums to lift investment revenue

Genting Singapore has reported earnings of S$54.7 million (RM173.7 million) for its 3QFY2026, down 42% year-on-year. Revenue in the same three months ended Sept was down 13% to S$566.1 million, with its key gaming revenue portion down by more than a fifth to S$315 million.

Genting Singapore's 3Q earnings down 42% on weaker gaming revenue

Malaysia will look into whether Speedmatrix Sdn Bhd, the firm allegedly linked to the Nvidia chip controversy, has breached the country’s export restrictions.

Malaysia to review possible re-export breaches in Nvidia spy scandal

Malaysia should consider establishing a dedicated Ministry of Senior Citizens to ensure the needs and welfare of its ageing population receive focused attention in policymaking, budget allocation and national development. 
&nbsp;

Hannah Yeoh calls for dedicated ministry to address needs of senior citizens

KUALA LUMPUR (Nov 12): Malaysia is drafting a law to strengthen oversight of data centres and prevent shipments of advanced chips from being diverted to other countries, said Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani on Thursday.&nbsp;

Johari: New law to tighten data centre oversight, prevent chip transshipment

Intraday short-selling activities of Mega Fortris Bhd (KL:MEGAFB) have been suspended for the rest of Thursday, the fifth time for the security seals maker this month. 
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Mega Fortris intraday short selling suspended for the fifth time this month

KUALA LUMPUR (Nov 12): Hartalega Holdings Bhd (KL:HARTA) saw higher earnings in its second quarterly financial review as better average selling prices (ASPs) more than offset pricier raw material costs.

Hartalega rides on higher ASPs as 2Q net profit surges 80%

THERE was a time when international espionage involved trench coats, microfilm, secret rendezvous and mysterious women who invariably disappeared before breakfast.

Opinion: Sex, spies and silicon: Why Penang may be outsmarting the superpowers

Türkiye has been selected as the preferred country to supply an alternative to Norway's Naval Strike Missile (NSM) for the Royal Malaysian Navy's (RMN) Littoral Combat Ship (LCS) project.

Malaysia picks Turkish firm to supply missiles for LCS 

(Nov 12):&nbsp;Elon Musk said it would be an honour to hire Nvidia Corp&nbsp;chief executive officer Jensen Huang, who is at risk of being ousted following reports of multiple extramarital affairs, including with a woman reportedly suspected of spying for China.

Elon Musk says it would be an honour to hire Nvidia’s Huang

Wall Street's main indices staged a turnaround on Thursday after higher oil prices lifted energy shares even as Nvidia CEO Jensen Huang's exit stirred concerns about the future of the artificial intelligence (AI) heavyweight.

PUBLIC capital’s yearning for data centres has cooled considerably. On Oct 13, Bloomberg reported that AirTrunk’s S-REIT initial public offering (IPO), scheduled for the Singapore Exchange this year, had been “postponed”. On Oct 8, Firmus Grid, an Australian artificial intelligence (AI) and data ...

Singapore: Data centres get a reality check

Global AI-linked stocks fell on Thursday after Nvidia CEO Jensen Huang resigned following a deepening scandal around his affairs, upending the chipmaker's leadership and posing fresh risks to a sector already reeling with funding and regulatory concerns.

Global AI stocks sink as Nvidia CEO's exit deepens sector sell-off

IOIPG Malaysia Real Estate Investment Trust (IOIPG REIT) has trimmed its initial public offering (IPO) price to 91 sen for both retail and institutional investors.

IOIPG REIT lowers IPO price to 91 sen, public tranche oversubscribed 0.59 times

Indonesia's vice-president handed his resignation to parliament's upper house on Thursday, ending days of speculation about his political future, while his father, former president Joko Widodo, voiced support for current leader Prabowo Subianto.

Indonesia VP hands resignation to parliament as Jokowi backs Prabowo

Impact Capital Holdings Bhd said a total of 24 million shares offered to the Malaysian public by the technology company ahead of its ACE Market debut on Nov 24 were oversubscribed by 139.69 times.

Tech firm Impact Capital’s IPO oversubscribed by 140 times

Singapore-based cloud computing firm Megaspeed said on Thursday that it takes compliance obligations under US export control laws "extremely seriously" and that it has cooperated with US inspections.

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