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.

CapBay Finances Over 2,700 SMEs, Records RM6 Bln In Financing Since 2016

KUALA LUMPUR, Oct 16 (Bernama) -- CapBay Group has recorded cumulative financing exceeding RM6 billion since 2016, issuing 45,000 financing notes to more than 2,700 Malaysian small and medium enterprises (SMEs) across 20 industries.

Profit-Taking In Index Heavyweights Pulls Bursa Malaysia Lower

By Siti Noor Afera Abu & K. Naveen Prabu

KUALA LUMPUR, Oct 16 (Bernama) -- Bursa Malaysia closed lower on Friday as buying interest shifted from index heavyweights to smaller-cap technology and telecommunications stocks as well as real estate investment trusts (REITs). 

Budget 2027: RM83 Bln Development Expenditure Boosts Growth, Infrastructure

KUALA LUMPUR, Oct 16 (Bernama) -- Malaysia’s RM83 billion development expenditure allocation under Budget 2027 offers an opportunity to strengthen the country’s economic foundations, expand business opportunities and support sustainable growth, according to Malaysian Rating Corporation Bhd (MARC).

RHB Keeps Malaysia’s 2027 GDP Growth Forecast At 4.9 Pct On Supportive Budget

KUALA LUMPUR, Oct 16 (Bernama) -- RHB Bank Bhd has maintained its 2027 gross domestic product (GDP) growth forecast for Malaysia at 4.9 per cent, following the tabling of Budget 2027.

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.

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.

Malaysia Data Centre Market Projected To Grow 33 Pct CAGR From 2025-2030 – S&P Global Ratings

KUALA LUMPUR, Oct 16 (Bernama) -- Malaysia’s data centre market is projected to grow at a compound annual growth rate (CAGR) of 33 per cent from 2025 to 2030, according to S&P Global Ratings.

Bursa Malaysia Remains Lower At Midday

KUALA LUMPUR, Oct 16 (Bernama) -- Bursa Malaysia remained lower at midday amid continued selling pressure in selected heavyweight counters. 

Budget 2027: RM8 Bln TVET Allocation To Boost Aviation, Automotive Sectors

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Oct 16 (Bernama) -- The RM8 billion allocation to strengthen Technical and Vocational Education and Training (TVET) under Budget 2027 will be a key catalyst in propelling the country’s aviation and automotive industries into the next phase of growth.

Malaysia Must Leverage Skills, Diversity To Globalise Homegrown Digital Companies - Wilson

KUALA LUMPUR, Oct 16 (Bernama) – Malaysia would like to see more local digital creative companies develop their own intellectual property (IP), build successful franchises and reach international markets, said Deputy Digital Minister Datuk Wilson Ugak Kumbong.

Zetrix AI Potentially In Breach Of Covenant Under Sukuk Programme After Wong Thean Soon Ceases As Single Largest Shareholder

KUALA LUMPUR, Oct 16 (Bernama) -- Zetrix AI Bhd said it has considered being potentially in breach of covenant under the Sukuk Wakalah Programme after Wong Thean Soon's shareholding was substantially reduced yesterday, which resulted in him ceasing to be the single largest shareholder of the company.