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

BURSA Malaysia Bhd (KL:BURSA) will welcome three new ACE Market listings this week, spanning upstream oil and gas (O&G) services, industrial engineering, and food and beverage manufacturing.

Upstream O&G services provider United Asiapac Energy Bhd (KL:UNIPAC) is slated to join t...

IPO Watch: Three distinct companies set for ACE Market debut

BENGALURU (Sept 20): Meta's social media platforms Facebook and Instagram recovered after a brief outage disrupted service for thousands of users in the US on Sunday, according to outage tracking website Downdetector.com.

Meta's Facebook, Instagram recover after brief outage in US

BANGKOK (Sept 21): Thailand is considering an oil tax cut, Finance Minister Ekniti Nitithanprapas said on Monday.

Thailand considering oil tax cut, finance minister says

KUALA LUMPUR (Sept 21): South Korean universities are now offering company-linked degrees that provide financial aid and pathways to jobs at Samsung Electronics and SK Hynix years before students graduate.

Sogang University’s Department of System Semiconductor Engineering is teaching a ...

South Korean universities offer linked degrees with pathways to Samsung, SK Hynix — report

Opposition to data centres continues to mount in the US.

New data centres worth US$68 billion disrupted in US, data show

KUALA LUMPUR (Sept 19): Malaysia Airlines won the Best Airline Staff in Asia at the 2026 Skytrax World Airline Awards, with its cabin crew placing third in the World’s Best Airline Cabin Crew category.

Malaysia Airlines staff and crew win big at the 2026 Skytrax World Airline Awards

KUALA LUMPUR (Sept 21): Gamuda Bhd (KL:GAMUDA) and Australian construction group BMD Constructions Pty Ltd have secured a A$624 million (RM1.8 billion) contract to upgrade two roads in Western Sydney.

Gamuda JV secures RM1.8 bil Western Sydney road upgrade contract

DHAKA (Sept 21): Bangladesh has raised fuel prices by up to 17.4%, piling fresh pressure on consumers and businesses, as the government moved to stem mounting losses from surging global oil prices and higher shipping costs linked to the Middle East conflict.

Bangladesh raises fuel prices as Middle East conflict drives up costs

Last Friday, Tenaga Nasional Bhd’s (KL:TENAGA) share price came under selling pressure, falling as much as 52 sen to an intra-day low of RM12.80 in the final trading hour.

Frankly Speaking: Easy to give but hard to wean off

PINDUODUO’s growing presence in Malaysia has yet to leave a big dent in the earnings of major bricks-and-mortar retailers, but signs that consumers are becoming increasingly price-conscious as the cost of living rises could point to a more subtle challenge ahead.

The Chinese e-commerce ...

Will Pinduoduo eat listed retailers’ lunch?

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.

Zetrix AI Bhd (KL:ZETRIX) was a darling of the stock market when it was still called MyEG Services Bhd. It was the pioneer in online government services transactions such as road tax and foreign maid renewals. At its peak, it had a market capitalisation of over RM6 billion. But once it lost its m...

Frankly Speaking: Zetrix AI must explain the RM3.7 bil development cost

KUALA LUMPUR (Sept 21): Transport Minister Anthony Loke Siew Fook will deal with matters related to his resignation after completing his official trip to China.

Loke to deal with resignation after China trip

Tenaga Nasional Bhd (KL:TENAGA) extended its decline as investors and analysts weigh the impact of additional subsidy on the national electric utility’s earnings.

Tenaga extends slide as analysts, investors digest impact of subsidy burden

Negeri Sembilan Menteri Besar (MB) Datuk Seri Ismail Lasim said on Monday he was not consulted or advised on the termination of the state’s ten executive council (exco) members.

Negeri Sembilan MB says exco removal unconstitutional, will not submit new lineup

AirAsia Group Bhd’s (KL:AAGB) pursuit of US$1 billion (RM4.08 billion) in financing from international debt markets has inevitably raised questions about whether its balance sheet can support borrowings of that magnitude and whether the government may ultimately have to step in.

Frankly Speaking: Isn’t AirAsia too big to fail?

WE are a country of laws. Yet several events of the past few days have wrought chaos upon the sanctity of the rule of law and the institutions established under the Federal Constitution. 
&nbsp; 
On Sept 16, 2026, Malaysians were shocked by the news that His Royal Highness the Yang di...

Opinion: An assault on the constitutional sovereignty of the Negeri Sembilan monarchy and the rule of law

Two Fridays ago, MyEG Capital Sdn Bhd, a subsidiary of Zetrix AI Bhd, disposed of its 16.9% stake in Heitech Padu Bhd (KL:HTPADU).

Frankly Speaking: Hazy shareholding structure at Heitech Padu

For years, the people building the world’s most powerful artificial intelligence systems have warned us that AI could eventually become dangerous. Yet, they continued to race ahead, building companies now worth hundreds of billions — and, in some cases, associated with technology groups worth trillions — of US dollars each.

Tong's Portfolio - First, win the AI race. Then, stop the race?

SINGAPORE (Sept 21): Oil prices slid on Monday as investors eyed a recovery in shipments from Saudi Arabia despite ongoing attacks by Yemeni Houthis that have escalated tension in the Middle East, while the US and Iran remain in a stalemate.

Oil slips as investors assess Saudi export recovery

Share markets edged higher in Asia on Monday as AI's insatiable demand for data buoyed chipmakers, and oil eased on reports more oil was finding its way out of the Middle East than previously thought despite the ongoing conflict in the Gulf.

Tech leads shares higher in Asia as oil slips

Citigroup Inc chief executive officer Jane Fraser said that companies are racing to build up their defences as artificial-intelligence models become even more powerful and risk spurring cyber attacks.

Citi CEO sees ‘tsunami’ of patches in race to defend against AI

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

YOUR DAY AHEAD: Sept 21, 2026 

KUALA LUMPUR (Sept 21): Unisem (M) Bhd (KL:UNISEM) is approaching an earnings inflection point that could see its profit after tax growth outpace revenue growth, according to CIMB Securities.

Unisem nears point where profit growth outpaces revenue, says CIMB Securities

Artificial intelligence (AI) is causing a shift in many industries, especially in the property sector, where the technology, alongside recurring digital services, can affect the way investors value properties.

The future relationship between AI and property

KUALA LUMPUR (Sept 21): Gamuda Bhd (KL:GAMUDA) and Australian construction group BMD Constructions Pty Ltd have secured a A$624 million (RM1.8 billion) contract to upgrade two roads in Western Sydney.

Qatar expects inaugural output from its massive liquefied natural gas expansion next year as shipping disruptions in the Strait of Hormuz slow projects across the country’s economy, Energy Minister Saad Sherida Al-Kaabi said.

Qatar’s energy chief sees LNG expansion startup in 2027

The far-right Alternative for Germany (AfD) took first place in state elections in northeastern Germany on Sunday, voting projections showed, delivering the worst result for Chancellor Friedrich Merz's mainstream conservative party since 1949.

AfD leads as Merz rues 'disaster' in worst state election result in postwar Germany

US Treasury Secretary Scott Bessent lauded “very successful” talks with his Chinese counterparts that spanned artificial intelligence, trade and investment ahead of this week’s summit between leaders Donald Trump and Xi Jinping.

Bessent hails ‘very successful’ China talks on AI, trade

KOTA BHARU (Sept 21):&nbsp;A former TH Properties deputy general manager of construction projects pleaded not guilty in the Sessions Court here on Monday to abetting a criminal breach of trust involving RM14,000 in penalty funds collected from a contractor for a commercial building project owned by Tabung Haji (TH).

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