Business & Corporate across Malaysia
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Maxland director Chang Keng Sing buys 26.11 million shares at 1.5 sen each
Maxland Bhd director Chang Keng Sing acquired 26.11 million shares through a direct business transaction on Sept 10, 2026, at 1.5 sen per share, worth about RM391,649. The purchase lifted his direct stake to 77.66 million shares, or 4.842% of the company. He holds no indirect interest.
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Anwar confident Malaysia will benefit from industrial cooperation with India
Malaysian Prime Minister Anwar Ibrahim expressed confidence that industrial cooperation with India will benefit Malaysia, speaking during his visit to New Delhi for the 18th BRICS Summit. He met representatives of leading Indian companies to discuss investment and professional cooperation in strategic sectors.
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25-year-old earning RM6,000 says firm offered RM2,500 at interview
A 25-year-old Malaysian man in the engineering sector claims a company offered him only RM2,500 for a senior executive role, citing his age, even though he currently earns RM6,000. His viral Threads post drew responses from other local jobseekers who said they had been similarly lowballed.
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SFA, NTUC bodies help True Fitness and True Yoga staff find new jobs after sudden closure
The Singapore Fitness Alliance is working with NICA and e2i to help employees and freelancers of True Fitness and True Yoga find new employment after the chains ceased operations on Sept 11. The Hong Kong parent company Kontafarma is winding up the businesses, and CASE has received 241 complaints with reported losses of over $609,000.
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Hyundai to launch own driver-assist software in 2029, two years late
Hyundai Motor Group will roll out vehicles with its in-house driver-assistance software in late 2029, two years later than planned, and will use Nvidia technology in the meantime. The South Korean automaker will offer Level 2+ and Level 2++ systems with Nvidia in 2028 while it develops its own Atria platform.
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French group Segula plans global engineering centre in Malaysia by end-2026
Segula Technologies plans to set up a global engineering centre in Malaysia by the end of 2026, hiring Malaysians and using AI to support the car, aerospace, energy and manufacturing industries. Its India and Southeast Asia chief Arun Rajendran said Malaysia could take on high-value design and engineering work now done in India, and that the group is in talks with HICOM Engineering on a partnership.
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Sim: Sarawak insurers must digitalise to match state's new economy
Sarawak Deputy Premier Datuk Amar Dr Sim Kui Hian said the state's insurance industry must speed up digitalisation, strengthen data analytics and better assess climate and environmental risks to keep up with Sarawak's push towards a high-income economy by 2030. Speaking at the Insurance Society of Sarawak's 47th anniversary dinner in Kuching on Friday, he also called for more collaboration among insurers, regulators and intermediaries, and for broader financial inclusion to protect vulnerable groups.
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PC prices in Singapore jump up to 40% as AI data centres soak up memory chips
PC prices in Singapore have risen by up to 40 per cent year on year in the second quarter of 2026, with average laptop prices up 26 per cent to $1,650, according to IDC data. The surge is driven by a global shortage of RAM, storage and graphics cards as manufacturers divert supply to AI data centres, and IDC expects prices to stay high through most of 2027. Checks at Sim Lim Square found a 32GB DDR5 RAM kit nearly quadrupled in price in a year.
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Altman: OpenAI will not IPO in 2026 over AI safety fears
OpenAI CEO Sam Altman said the company will not go public in 2026, citing safety concerns over artificial intelligence, in a Fortune interview. He added that OpenAI and other leading AI companies may be close to an agreement to slow AI development. Anthropic is reportedly planning to begin marketing its IPO as early as mid-October.
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Anthropic CEO urges slower AI development; Altman and Musk back the call
Anthropic CEO Dario Amodei on Saturday called for AI firms to slow the pace of developing powerful models, warning that building too fast is reckless. OpenAI's Sam Altman and xAI's Elon Musk publicly agreed, as pressure grows for oversight and a former researcher accused both US companies of gambling with lives.
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Ellison scraps plan to sell 50 million Oracle shares
Oracle Executive Chairman Larry Ellison has cancelled a plan to sell 50 million shares of Oracle stock, the company said, a day after the trading plan was disclosed. No shares were sold under it and Ellison has no other plans to sell, Oracle said, as the firm funds a costly cloud build-out and absorbs higher restructuring costs.
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True Fitness shuts all outlets; lifetime members lose S$21,000
True Fitness and True Yoga closed all outlets on Sep. 10, citing debt. Members who paid up to S$21,000 for lifetime VIP packages say the cards are now useless, and some have formed a WhatsApp group to seek help.
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Anwar holds strategic meetings with Indian companies in New Delhi
Prime Minister Datuk Seri Anwar Ibrahim held a series of strategic meetings with major Indian companies during a working visit to New Delhi. The meetings involved DRB-HICOM, SEGULA Technologies India, AWL Agri Business Limited and Motherson Group in sectors such as automotive, engineering, agribusiness and digital solutions. SEGULA Technologies committed to setting up a Global Engineering Centre in Malaysia by end-2026, while AWL Agri Business previously imported Malaysian palm oil products worth about RM1.5 billion.
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India's Motherson Group explores IT investment in Malaysia
India's Motherson Group is exploring building up IT and technology solutions business in Malaysia, citing the country's talent and digital infrastructure. The plan was shared in a meeting with Prime Minister Anwar Ibrahim in New Delhi during his visit for the BRICS summit. No further details were given.
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Samaiden Group MD disposes 10 million shares for RM18.5 million
Samaiden Group Bhd group managing director Datuk Ir Chow Pui Hee has disposed of 10 million ordinary shares in the renewable energy company for RM18.5 million. The transaction was carried out on Sept 9, 2026 outside a closed period, according to a Bursa Malaysia filing. She still holds a 24% stake with 137,652,500 units.
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Vincent Tan sells 17.5 million Berjaya Assets shares
Tan Sri Vincent Tan Chee Yioun disposed of 17.5 million Berjaya Assets Bhd shares through a direct business transaction on Sept 9, 2026, via Maybank Nominees (Tempatan) Sdn Bhd. His deemed interest now stands at 307.53 million shares or 12.021%, while he still holds 372.48 million shares directly, or 14.56%. Combined, his direct and deemed interests total about 680.01 million shares, roughly 26.58% of the company.
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Zettabyte, Raku Advanced Tech sign MoU for green AI data centres across Asia
Zettabyte and Raku Advanced Tech signed a memorandum of understanding in Taipei to jointly promote green AI data centre capacity across Asia, starting with Taiwan and Thailand. The partnership combines Zettabyte's computing operations with Raku Advanced Tech's energy and data centre infrastructure, powered by renewable energy. Both companies are based in Taiwan and are targeting Southeast Asia's fast-growing data centre market.
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Nafas completes 10,500-tonne Baja 3 delivery to 27 Mada PPKs in 10 days
Nafas has completed the distribution of 10,500 metric tonnes of Baja 3 padi fertiliser to 27 Area Farmers' Organisations in the Mada region within 10 days. The delivery through its subsidiary MNFSB was supported by a Gurun plant with an annual capacity of 360,000 metric tonnes. The move follows the Agriculture Minister's decision to end the previous supplier's contract over delays.
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Anwar, Modi discuss semiconductor cooperation in New Delhi
Prime Minister Datuk Seri Anwar Ibrahim and Indian counterpart Narendra Modi discussed deepening semiconductor cooperation and industry partnerships at a bilateral meeting in New Delhi on Sept 12. Anwar raised integrated supply chains, talent development and two-way investment, and reaffirmed Malaysia's commitment to boosting bilateral trade and expediting exports to India. The meeting was held on the sidelines of the 18th BRICS Leaders' Summit hosted by Modi.
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Selangor records RM70bil approved investment as of June, eyes RM80bil target
Selangor recorded RM70 billion in approved investment value as of June this year, with services and manufacturing the biggest contributors. State investment, trade and mobility committee chairman Ng Sze Han said the state is confident of hitting its RM80 billion target within months. He spoke after officiating the factory and central workshop of logistics vehicle company Steelbro in Telok Gong, Port Klang.
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PETRONAS hands Dialog new 3D seismic data for Mutiara Cluster off east Sabah
PETRONAS, through Malaysia Petroleum Management, has delivered newly reprocessed 3D seismic data to Dialog Group's upstream arm for the Mutiara Cluster offshore east Sabah. MBSB Research says the data could cut geological uncertainty and speed up the field development plan, with first gas targeted for 2029. The research house kept its BUY call and RM2.57 target price, estimating full production could lift Dialog's revenue by 13% to 15%.
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DBS focuses on Asia growth, not global expansion: CEO Tan Su Shan
DBS, Southeast Asia's largest bank, will focus on growing within Asia rather than becoming a global bank, its CEO Tan Su Shan said. Speaking at a Singapore Press Club event on Friday, she noted strength in wealth management, capital markets and trade, and said the bank aims to manage S$1 trillion in assets by 2030.
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Anwar urges dialogue, diplomacy to ease Strait of Hormuz tensions
Prime Minister Datuk Seri Anwar Ibrahim called on all parties to return to dialogue and diplomacy to ease tensions in the Strait of Hormuz. He made the call in a bilateral meeting with Iranian President Masoud Pezeshkian on the sidelines of the 18th BRICS Leaders' Summit in New Delhi, India. The two leaders also discussed cooperation in energy, agriculture, palm oil, halal and higher education.
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Top Glove expects FY2026 profit to rise on stronger glove demand and prices
Top Glove Corporation Bhd expects improved earnings for the financial year ended August 31, 2026, underpinned by global glove demand growing about 10 per cent annually and higher average selling prices. Executive chairman Tan Sri Dr Lim Wee Chai said the August 2026 results will be announced on October 6. He spoke after a book launch in Cyberjaya.
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