<div class=newsTextDataWrapInner><p data-qa-component="item-headline">MEXICO CITY (Sept 10): The Pentagon is in talks to lend about US$5 billion to AI cloud-computing startup Fluidstack to shore up the US data centre supply chain, the <em>Wall Street Journal </em>reported on Thursday, citing people familiar with the matter.</p></div>

<div class=newsTextDataWrapInner><p>The money would come from the Pentagon's Office of Strategic Capital, the newspaper said.</p></div>

<div class=newsTextDataWrapInner><p>Fluidstack would use the loan to shore up the US supply chain and manufacturing capacity for certain data centre-related components, rather than funding a new AI facility outright, <em>WSJ</em> added.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The US Department of Defense and Fluidstack did not immediately respond to a request for comment.</p></div>

<div class=newsTextDataWrapInner><p>US President Donald Trump signed an&nbsp;executive order&nbsp;last month declaring a national emergency and banning the use of some foreign equipment in the US electricity grid, which is used by data centres.</p></div>

<div class=newsTextDataWrapInner><p>The Office of Strategic Capital has struck previous deals with rare earth companies&nbsp;Vulcan Elements,&nbsp;Phoenix Tailings&nbsp;and&nbsp;Energy Fuels.</p></div>

<div class=newsTextDataWrapInner><p>It has also struck deals to provide&nbsp;funding&nbsp;to some drone companies, including Unusual Machines and Sequoia Capital-backed Neros, the <em>WSJ </em>previously reported.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Liza Shireen Koshy</em></p></div>


MEXICO CITY (Sept 10): The Pentagon is in talks to lend about US$5 billion to AI cloud-computing startup Fluidstack to shore up the US data centre supply chain, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Pentagon in talks to lend US$5 bil to AI cloud startup Fluidstack, WSJ reports

Based on the government’s pre-budget statement, recent comments from the finance minister and current tax-industry expectations, the following areas would be most closely watched, in all likelihood.

SST reform — probably the biggest tax story

The government has explicitly sa...

Opinion: Budget 2027 expectations 

ORLANDO, Florida (Oct 1): Wednesday closed the books on an extraordinary quarter. A 40% rebound in Brent crude oil, record-high diesel prices, bond yields at 20-year highs and AI's threat to wipe out

Opinion: If a bruising third quarter can’t halt Wall Street, what can?

EdgeUP: Why does the haze keep coming back?

The board of Thai Airways has sidelined chief executive Chai Eamsiri over the flag carrier's chaotic operations during a flood in Bangkok, with local media outlets on Friday reporting both his suspension and his dismissal.

Thai Airways chief sidelined by board over flood chaos, local media report

An unemployed woman was fined RM24,000 by the Sessions Court here on Friday after pleading guilty to two charges of fraudulently transferring RM1.1 million belonging to a retiree into her own bank account eight years ago.

Unemployed woman fined RM24,000 for RM1.1 mil fraudulent transfer of retiree's savings

Passenger service for the Johor Bahru-Singapore Rapid Transit System (RTS) Link is expected to commence in February 2027, with all system tests and trial runs targeted for completion by Dec 31 this year.

RTS Operations Pte Ltd (RTSO) said in a statement on Friday that the timeline takes into account the expected duration of the remaining works, as well as the time required for safety certification by a third party and approvals from the grantors of both countries.

RTS Link passenger service expected to begin in February 2027

Oil prices fell about 3% and European gasoil futures dropped over 5% on Friday after reports of talks on additional diesel and crude stock releases, easing concerns over tight global energy supplies.

Oil falls about 3% on talks over diesel, crude stock releases

Eurozone inflation surged more than expected in September and is likely to increase further in the coming months on soaring energy costs, keeping pressure on the European Central Bank to raise interest rates even higher.

Eurozone inflation surges, keeping pressure on ECB to hike

Global shares rose on Friday as wild volatility in bond and currency markets eased ahead of key US jobs data that could shape expectations for the Federal Reserve's next policy move.

Global shares rise as bond sell-off eases before US jobs 

A months-long crisis over the monarchy in a small Malaysian state has become a potential stumbling block for the United Malays National Organization, which had been gaining ground on Prime Minister Datuk Seri Anwar Ibrahim.

Negeri Sembilan crisis complicates Umno’s comeback

<p>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 <em>Straits Times</em> reported on Friday.</p>


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

<p>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.</p>


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

<p>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).</p>


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

<p>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.</p>


Lee Chean Chung resigns as Petaling Jaya MP, leaving PKR with only 27 seats

<p>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.</p>


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

<p>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.</p>


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

<p>（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。</p>


交通部向The Edge证实 Zetrix AI欠JPJ超过2亿

<p>Global shares rose on Friday as wild volatility in bond and currency markets eased ahead of key US jobs data that could shape expectations for the Federal Reserve's next policy move.</p>


<p>Zetrix AI Bhd (KL:ZETRIX) &nbsp;shares fell as low as 10 sen on Friday after it was reported that the company owes the government more than RM200 million it had collected on behalf of the Road Transport Department (popularly known as JPJ).</p>


Zetrix AI shares fall to 10 sen amid reports it owes JPJ RM200m   

<p>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.</p>


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

<p>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.</p>


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

<p>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 <em>Financial Times</em> reported on Friday, citing people familiar with the matter.</p>


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

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


Singaporean insider trading suspect loses extradition fight

<p>(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.</p>


US congressman demands Starbucks close its first stores in China's Xinjiang

<p>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.</p>


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

<p>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.</p>


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

<p>The first apartment came up for auction and nobody moved.</p>


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

<p>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.</p>

<div c...

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

<p>Oil prices fell about 3% and European gasoil futures dropped over 5% on Friday after reports of talks on additional diesel and crude stock releases, easing concerns over tight global energy supplies.</p>


<p>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.</p>
