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Economy
Zetrix AI Given Until Oct 22 To Remedy Sukuk Breach Or Face Payment Default
KUALA LUMPUR, Oct 16 (Bernama) -- Zetrix AI Bhd has been given until Oct 22, 2026, to remedy a breach of covenant under its Sukuk Wakalah, failing which a payment default will be triggered.
Market
CPO Futures Close Higher On Stronger Export Demand, Energy Prices
By Zufazlin Baharuddin
Ringgit Strengthens Against US Dollar Following Robust 3Q GDP Estimate
By Nur Athirah Mohd Shaharuddin
Profit-Taking In Index Heavyweights Pulls Bursa Malaysia Lower
By Siti Noor Afera Abu & K. Naveen Prabu
Bursa Malaysia Remains Lower At Mid-Afternoon
KUALA LUMPUR, Oct 16 (Bernama) -- Bursa Malaysia stayed lower in mid-afternoon trading on persistent selling in selected heavyweight counters.
Corporate
AirBorneo Targets October Launch of Kuching-Jakarta Flights
By Nik Nurfaqih Nik Wil
Zetrix AI Shares Fall 7.69 Pct On Potential Sukuk Covenant Breach Risk
KUALA LUMPUR, Oct 16 (Bernama) -- Zetrix AI Bhd’s share price fell 7.69 per cent, or half a sen, on Friday following news of a potential covenant breach under its RM2 billion Sukuk Wakalah Programme.
PKNS FMI, Selangor Advance Partner To Boost Contractor Financing Access
KUALA LUMPUR, Oct 16 (Bernama) -- PKNS FM Integrated Sdn Bhd (PKNS FMI) has partnered with Selangor Advance under the Selangor Advance 500 (SA500) initiative to improve access to financing for local contractors and small and medium enterprises (SMEs).