Penang’s residential market is seeing resilient demand, supported by an active industrial sector that is driving housing demand, although buyers remain cautious in their spending, according to Nawawi Tie Leung Property Consultants Sdn Bhd executive director and regional head of research and consu...

The Edge Malaysia | Nawawi Tie Leung Property Consultants Penang Housing Property Monitor 2Q2026: Strong industrial sector underpins residential market resilience

Tan & Tan Developments Bhd, the property development arm of IGB Bhd (KL:IGBB), is all set to unveil its mixed-use development — Aviera Bangsar South — in Kuala Lumpur this November.

The freehold project, which has a gross development value (GDV) of RM656 million, comprises the 35-st...

Tan & Tan Developments to launch Aviera Bangsar South next month

The 525km East Coast Rail Link (ECRL), the Phase 1 of which is 98.16% completed, could mark a turning point for Gombak, bringing renewed attention to the area’s commercial potential, surrounding property market and prospects for transit-oriented developments, say property consultants Henry Butche...

Cover Story: Gombak picks up speed for next growth cycle

On March 28, 2025, tremors from a 7.7-magnitude earthquake in Myanmar caused an under-­construction 30-storey State Audit Office building in Bangkok, Thailand — about 1,000km away — to fall like a house of cards. It was the only building to collapse in the country’s capital, and it was later disc...

If China has banned induction furnace steel, why are Southeast Asian nations using it?

Malaysia’s construction industry may be growing at a healthy clip, but many contractors, particularly the smaller ones, may not be receiving their payments quickly enough.

This was the message of a panel discussion titled “Liquidity or liquidation: High-stakes construction projects in a...

When contractors function as banks

The industrial property markets in the Klang Valley and Penang continued to be resilient in the first half of 2026, although buyers and occupiers were more selective amid economic uncertainties, higher development costs and changing business requirements.

The two property markets share ...

The Edge Malaysia | CBRE | WTW Industrial Property Monitor 2Q2026: Industrial property markets remain resilient amid more selective demand

It has been almost four months since the LRT Shah Alam line officially started operating. Some commuters have since taken to social media to voice their woes, not about the train service itself but about the lack of surrounding infrastructure.

In Malaysia, stepping off a train line does...

The walkability gap around Malaysia’s train stations

Defusing the capex time bomb

For more than two decades, the Kuala Lumpur City Centre (KLCC) precinct has been synonymous with prime city-centre living. Anchored by the PETRONAS Twin Towers and Suria KLCC, the precinct has grown from a landmark development into an established luxury residential market, surrounded by offices, ...

Cover Story: Prime address continues to evolve

Capital investment in technology is surging but workforce readiness remains a challenge, leaving enterprises short of the returns they expect.

Personalised upskilling key to job readiness

Not every photo needs to end up on a social media feed. Some are simply reminders of an ordinary day, whether it is a meal between classes, a funny moment with friends or a quick snapshot taken on the way home.

In response to the curated, polished feeds encouraged by mainstream social m...

Listicle: Apps for the moments you don’t post

Here’s a set of seven skills for you to consider cultivating to get and retain a job in the AI era

 

Human resources (HR) launches an artificial intelligence (AI) tool to analyse employee engagement. The AI reads 15,000 comments and p...

Econ 4.0: AI is here. Which skills matter more now?

Conversations around social entrepreneurship often focus on funding, but a bigger challenge for founders is moving from building businesses that look for customers to creating products and services that customers are actively looking for, says Ahmad Azuar Zainuddin, CEO of Satu Creative Services ...

Beyond Grants: Helping social enterprises build a stronger business case

IIMMPACT Sdn Bhd began in 2018 as a consumer app that allowed users to pay different bills through a single platform, but the business changed direction after struggling to retain customers as larger e-wallet operators expanded.

CEO and co-founder Alex Tan says fewer than 20% of users w...

Platform-as-a-service: IIMMPACT builds bill payment business after consumer app pivot

Alphaswift Industries Sdn Bhd is the only drone maker among the Malaysian companies given access to British chip architect Arm Holdings plc’s chip design technology, and it plans to design its own chip as it builds towards passenger flight.

The local drone industry has come a long way, ...

Cover Story: Betting on chip design for long climb to passenger flight 

Mall developers need to incorporate telecommunications infrastructure at the planning stage as growing demand for digital payments, artificial intelligence (AI) applications and 5G services puts greater pressure on indoor connectivity, says EdgePoint Towers Sdn Bhd.

Planning fibre pathw...

Infrastructure: Mall developers urged to plan early for 5G-ready connectivity

NEWS

Malaysia’s daily multimodal AI use to reach 43% by 2030

Malaysia’s daily use of multimodal artificial intelligence (AI) is projected to reach 43% by 2030, exceeding the global estimate of 30%, according to new research by Erics...

Bits + Bytes: A Miscellany Of Technology

The Sarawak Artificial Intelligence Centre (SAIC) and IBM Malaysia Sdn Bhd plan to establish the Sarawak Quantum Safe Centre, an innovation hub that will help organisations prepare for cybersecurity risks posed by advances in quantum computing.

SAIC, IBM plan Sarawak quantum-safe centre to address post-quantum cyber risks

KUALA LUMPUR (Sept 30): Consumer finance group Skyro has received approval from the Ministry of Housing and Local Government (KPKT) to conduct online moneylending in Malaysia, marking its second Southeast Asian market after the Philippines.

Philippines’ Skyro gets approval to offer online moneylending in Malaysia

The average size of monitored wildlife populations worldwide declined by 73% between 1970 and 2022, according to the World Wide Fund for Nature’s (WWF) “Living Planet Report 2026: The Science of Hope”, released on Oct 8.

Monitored wildlife populations shrink by 73% on average over five decades

With the Ministry of Housing and Local Government (KPKT) preparing to mandate recycling facilities across all shopping malls, retail operators must begin investing substantial time and capital into recycling initiatives, mainly centred on waste separation at source systems and logistics partnersh...

Circular Economy: Malls taking the lead to promote recycling

Six youths looking to sue the government in their bid to enforce Malaysia’s 50% forest cover pledge will know on Dec 9 whether their case can proceed further, their lawyer Lim Wei Jiet tells ESG.

The six applicants are Abe Lim, Sitti Fatimah, Winona Elisha Jemak, Lee Yu Dong, A...

Action: High Court to rule on ‘Mana Hutan Kami’ suit on Dec 9 following AGC objection

The Securities Commission Malaysia’s (SC) announced plan to ask major listed companies for their El Niño preparedness is both a climate-disclosure development and a governance stress test, assessing the quality of board oversight over climate-related business risk.

Many Malaysian organi...

Views: When moderate to low climate risk becomes a board’s blind spot

While carbon footprints and board diversity are frequently discussed, the inclusion of neurodivergent individuals — those with autism, attention-deficit or hyperactivity disorder (ADHD) and other cognitive differences — remains a frontier that few small and medium enterprises (SMEs) have dared to...

Social: Incentive claiming process for hiring PWDs needs to be digitalised and simplified

A common criticism of nature-based carbon projects is that they could erode the rights of indigenous communities who live on the land and rely on the forests for farming, hunting and gathering forest produce.

There are allegations of failure by project developers to engage with indigeno...

Cover Story: Benefit sharing in carbon credit projects must be strengthened

Datuk Ho Leng Wai, executive chairman of CY Plastic Recycling Group of Companies, began his career in this industry on the ground. He started by collecting plastic scrap and later made a trip to China to learn how to turn it into new plastic again.

In 2004, he established a factory in K...

Waste: Consumer acceptance and regulation needed to boost use of post-consumer recycled plastics

Under a voluntary framework unveiled on Sept 28, the Malaysian Communications and Multimedia Commission (MCMC) wants the telecommunications, broadcasting, and postal and courier sectors to manage 15 million devices sustainably and set up 300 e-waste collection and refurbishment points by 2030.

Blueprint: MCMC targets 15 million devices managed sustainably under voluntary road map

KUALA LUMPUR (Oct 9): Lestari Cooling Energy Sdn Bhd, a joint venture between KJTS Group Bhd (KL) and infrastructure-focused investment firm Stonepeak Partners, aims to use its capital expenditure (capex) model to adopt new energy-efficient technologies as they become commercially viable.

...

Preparing district cooling systems for future technologies

KUALA LUMPUR (Oct 8): Malaysia’s ambition to transition towards a low-carbon, sustainable and green economy requires a whole-of-nation commitment, with the government, industries, financial institutions, research institutions, state governments and local communities playing their respective roles, said Deputy Prime Minister Datuk Amar Fadillah Yusof.

Whole-of-nation commitment needed to drive Malaysia’s green transition, says Fadillah

The Edge Billion Ringgit Club 2026

The Edge ESG Awards 2026

The Edge Centurion Club Corporate Awards 2026

The Edge Best Managed & Sustainable Property Awards 2026

The Edge Property Excellence Awards 2026

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

YOUR DAY AHEAD: Oct 30, 2026

Pharmacy operator Big Caring Group is listing on the Main Market in an IPO worth over RM2 billion. This and more in our quick round-up of today’s biggest stories on theedgemalaysia.com

E5: Big Caring launches second biggest IPO this year

Sime Darby Property Group Managing Director and CEO Datuk Seri Azmir Merican discusses data centres, experiments, and growth drivers in an exclusive interview with The Edge. Read the full cover story in the Oct 5 issue of The Edge Malaysia Weekly.

EXCLUSIVE: Sime Darby Property’s data centre bet and what comes next under SHIFT32

A selloff in several tech companies spurred a rotation into a broader category of stocks while fueling a push toward the safety of bonds.

Asia stocks under pressure, haven bid boosts bonds

Oil rose on signs the US may resume military strikes against Iran, risking fresh turbulence in the region that may hurt energy flows.

Oil climbs on signs US may resume military strikes against Iran

The tech-heavy Nasdaq fell more than 1% on Thursday as Alphabet's results rekindled worries about ballooning artificial intelligence (AI) costs, outweighing strength in other sectors, including financials and healthcare, as earnings continued to dominate investor focus.

Nasdaq falls as Alphabet set for record loss amid AI spending woes

Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday

Big Caring, Zetrix AI, Heitech Padu, SD Guthrie, YTL Power, Mega Fortris, GIIB, JF Technology, TSH Resources, BAT Malaysia, Mi Technovation, Axis REIT, Chin Teck Plantations, Taghill &SLGC 

SD Guthrie Bhd (KL:SDG) has partnered with YTL Power International Bhd (KL:YTLPOWR) and Bumi Assets Sdn Bhd to develop a 1,623-acre industrial park in Bukit Kerayong, Selangor.

SD Guthrie to join hands with YTL Power, Bumi Assets to develop 1,623-acre Klang industrial park

Oil eased as fresh diplomatic efforts in the Middle East eroded some risk premium associated with a resumption of US military strikes on Iran.

Oil slides as traders weigh signs of tentative Iran diplomacy

European Central Bank (ECB) president Christine Lagarde played down the danger that inflation will spread beyond energy after news that she will step down early overshadowed Thursday’s decision to leave interest rates untouched.

Lagarde downplays inflation risk as ECB holds, announces her early exit

HeiTech Padu Bhd (KL:HTPADU) said it is no longer collaborating with Zetrix AI Bhd (KL:ZETRIX) on the RM1.05 billion National Integrated Immigration System (NIISe) project, after both parties mutually agreed not to extend their teaming agreement.

HeiTech Padu says no longer working with Zetrix AI on NIISe, assures no impact on project

Zetrix AI Bhd (KL:ZETRIX) told Bursa Malaysia in response to its queries that a dissolution event for its RM2 billion sukuk was triggered after it breached a covenant requiring managing director Wong Thean Soon to remain its largest shareholder.

Zetrix AI tells Bursa dissolution event for RM2 bil sukuk triggered but no immediate repayment of RM2.16 bil required

SD Guthrie Bhd (KL:SDG) is expected to see a sharp decline in its net profits for its upcoming third quarter, although its full financial year remains on track to meet forecast, said CIMB Securities.

SD Guthrie's 3Q profit to soften on lower land gains but full-year remains on track — CIMB Securities

KUALA LUMPUR (Oct 29): Pharmacy chains operator Big Caring Group Bhd is looking to raise RM2.03 billion in Malaysia's second-largest listing this year.

Big Caring sets Main Market IPO at RM1.08 apiece, shareholders to pocket RM1.4 bil

One of the three Court of Appeal (COA) judges hearing the federal government’s appeal over the Sabah revenue issue on Thursday quizzed parties as to what had transpired between the federal and Sabah governments between 1969 to 2021 that had resulted in them not agreeing to a review between them to increase the state’s revenue.

What happened during 'the lost years', asks COA judge on decades-delayed Sabah-federal revenue review

Zetrix AI Bhd's (KL:ZETRIX) wholly owned unit MyEG Sdn Bhd has received a RM353.13 million tax bill from the Inland Revenue Board (IRB) over transfer pricing matters for the years of assessment 2021 to 2023.

Zetrix AI’s MyEG unit hit with RM353.13 mil tax bill, govt files suit

For more than two months, Malaysia has been shrouded in cross-border haze that has grown increasingly severe. While haze is an annual occurrence in Indonesia, Malaysia, Singapore and Timor-Leste, this year’s episode has been described as the worst since 2015.

Choking fumes sweep across Malaysia

The number of Malaysians aged 65 and above crossed the one-million mark in 2002, accounting for 4.2% of the population. Back then, those aged 14 and below made up a third of the population.

Fastest ageing states as Malaysians grow older

Every household has its own routines, needs and preferences. Coway's water purifier range makes it easier to enjoy clean drinking water, whatever the day brings.

A lighter way with water

Perikatan Nasional (PN) has postponed announcing its candidate for one remaining state seat allocated to the coalition under an understanding with Barisan Nasional (BN) for the 16th Melaka state election.

Perikatan delays announcement of one Melaka state seat candidate

Perikatan Nasional (PN) has announced five candidates for the 16th Melaka state election next month.

Perikatan names five candidates for Melaka polls

Parti Pribumi Bersatu Malaysia (Bersatu) announced eight candidates who will contest in the 16th Melaka state election on Nov 14.

Melaka polls: Bersatu announces candidates for eight seats

Parti Pribumi Bersatu Malaysia (Bersatu) will use its official party logo in the 16th Melaka state election on Nov 14, said its secretary general Datuk Seri Mohamed Azmin Ali.

Bersatu confirms use of own logo in Melaka polls

Cuscapi Bhd (KL:CUSCAPI) saw boardroom changes on Thursday, including the resignation of businessman Datuk Jayakumar Panneer Selvam.

Cuscapi sees boardroom changes as businessman Jayakumar resigns

Mi Technovation Bhd (KL:MI) posted record earnings in the third quarter ended Sept 30, 2026 (3QFY2026), driven by higher sales volume, improved average selling prices and optimised product mix.

Mi Technovation 3Q profit surges 85% on strong semiconductor demand

Damage to a 750-millimetre concrete pipe has been identified as the cause of a sinkhole on Mayang Pasir Highway in Bayan Baru near here, with repair works expected to be completed by Nov 7.

Damaged concrete pipe caused Mayang Pasir sinkhole — Penang exco

The government is prioritising the Rural Roads Programme (JALB) project financing with the total allocation for 2026 rising to RM3.1 billion from the original allocation of RM2.11 billion, according to the Finance Ministry (MOF).

Rural Roads Programme prioritised, allocation increased to RM3.1b for 2026 — Amir Hamzah

Prime Minister Datuk Seri Anwar Ibrahim has called on Malaysia’s mid-tier listed companies to expand and become regional champions, saying too many promising businesses remain small for too long.

Anwar urges mid-tier listed firms to grow into regional champions

More straightAs, less learning: What Malaysia's exams miss

The fourth edition of the bartending festival featured prominent industry talents and innovative drinks.

All the celebratory moments at Penang Cocktail Week 2026 

The recipients reveal their creative process, challenges in the industry and what they have learnt along the way.

UOB Malaysia’s 16th Painting of the Year winners on their victory and furthering their practice

The retrospective is a sprawling collection of 75 paintings and drawings that traverse an abundant artistic landscape.

Artist Ahmad Zakii Anwar explores human figures, animals and spirituality through 'Sementara' exhibition

The general manager of Penang Art District and programme director at Hin Bus Depot tells us about his first solo show in a 10-year creative career.

Artist Kenny Ng aka Sumidik discusses 'MaiKea' exhibition and working in the arts

Three of the nation’s leading dance schools are banding together for this culturally unifying production.

'Genggaman' embraces Malaysian diversity through traditional dance, music and collaboration

KUALA LUMPUR (Oct 6): Two additional general partners (GPs) have been named in Jelawang Capital Sdn Bhd’s inaugural 2025 Emerging Fund Managers’ Programme (EMP) cohort, more than 15 months after the first three were announced.

Two more firms named in Jelawang’s inaugural Emerging Fund Managers’ Programme cohort

KUALA LUMPUR (Oct 6): Malaysia needs to ensure the investments it attracts translate into deeper local supply chains, higher-value jobs and greater participation by domestic companies, said UOB Malaysia CEO Datuk Ng Wei Wei.

Malaysia needs to turn foreign investment into stronger local supply chains

For much of the past two years, investors have asked when the US Federal Reserve would start cutting interest rates. After Jackson Hole, a gathering of central bankers, a more important question has emerged: are markets prepared for rates to remain higher for longer?

The message from Ja...

Pitfalls & Pitch Calls: Rate uncertainty and your portfolio

There is a peculiar feature of modern wealth. Some of the biggest things we aspire to own make surprisingly little financial sense. Take a car. In a city where ride-hailing is readily available, the mathematics of ownership can be difficult to justify once you add the purchase price, depreciation...

Wealth, by Design: Lifestyle tax: The price of the life we choose

Income funds took the spotlight for the third consecutive month. Five of the seven new funds launched from mid-August to mid-September were income or income-related funds, according to the Federation of Investment Managers Malaysia.

The seven funds were AHAM Shariah Gold Tracker Ringgit...

Funds: Seven funds launched from mid-August to mid-September

Tokenisation, the act of representing an asset or claim as a token on a distributed ledger or blockchain, has remained under the radar among local financial institutions. Until recently.

The catalyst, market observers say, came from Bank Negara Malaysia, when it launched the Digital Ass...

Cover Story: Banks shift tokenisation into higher gear

Transitioning from the entertainment industry to the food and beverage (F&B) sector is not easy, but when comedian Ajak Shiro heard his child express a desire to start a fried chicken business, he thought of making the idea a reality.

Ajak, whose real name is Mohd Hanaffi Razak, loo...

Private Deal: Celebrity-founded nasi padang restaurant chain Bumbu Babah aims to raise RM20 mil

Two veterans of Malaysia’s start-up and investment ecosystem — entrepreneur and investor Sivapalan Vivekarajah and former Pitch Platforms Sdn Bhd (pitchIN) chief operating officer Xelia Tong — are launching a RM50 million debut venture fund.

Main Market-listed automotive replacement-par...

Venture Capital: Cypress Asia launches RM50 mil debut venture fund with New Hoong Fatt as anchor investor

Halogen Capital, the country’s first licensed digital asset fund manager, is in the process of launching Malaysia’s first digital currency exchange-traded fund (ETF).

Its founder and CEO Hann Liew says the firm is preparing a shariah-compliant Bitcoin ETF, potentially giving millions of...

TheWall: Halogen aims to go mainstream with ETF, starting with digital assets

KUALA LUMPUR (Sept 25): Khazanah Nasional Bhd’s venture capital fund-of-funds, Jelawang Capital Sdn Bhd, has appointed Howard Soh as CEO, effective Oct 1.

Soh’s appointment comes about 15 months after former CEO Bryan Lim left Jelawang and its parent, Khazanah, at the end of June 2025, ...

Jelawang Capital appoints new CEO Howard Soh after long vacancy

FROM a single casino in Genting Highlands, established by the late Tan Sri Lim Goh Tong in the 1960s, the Genting group has grown into a diversified conglomerate with interests spanning gaming, hospitality, leisure and property. It now has gaming operations in multiple markets worldwide.

<...

Cover Story: As the group expanded, so too did its debt burden 

Summary


	Long considered a safe- haven stock by retail investors, Genting Bhd’s status as a cash cow diminished after the company called for...

Cover Story: Debt repayment looms for Genting

GENTING Bhd (KL:GENTING) made a cash call on Oct 9 to raise RM1.25 billion — 53 years after its first one.

The conglomerate, which was listed in 1971, called for a rights issue in 1973.

At that time, Genting’s call for more cash from shareholders was acceptable. It was a perio...

Cover Story: No further fundraising planned for now, says Genting 

Economic growth no longer guarantees job growth. In an era of artificial intelligence (AI)-driven efficiency, the connection between economic output and employment is fraying.

While business leaders rightly celebrate upticks in business growth, the employment market is wrestling with an...

Growing Champions: Connecting genuine growth with employment opportunities

I ran into Adrian Ng last month while renewing my passport at the Kelana Jaya Immigration Office.

“How is your team?” he quipped.

“You mean our team?” I replied. Borrowing Umno’s familiar rallying cry, I added: “It is still dulu, kini dan selamanya (then, now and fore...

My Say: Manchester United, a team lost in transition

(Oct 29): Wall Street's top alternative asset managers are betting on the AI boom by owning the infrastructure behind it and locking ​in rent through long-term leases.

With concerns growing that debt-laden neocloud companies at the heart of the AI infrastructure boom could default and ‌...

Wall Street's AI bet: Own the infrastructure, collect the rent

(Oct 29): Intel shares plunged 21% on Thursday after ​the chipmaker said a deadly explosion at its Israel factory would erase roughly $600 million in revenue over two quarters, while a faltering PC market could ‌dent sales through the first half of next year.

A below-estimates fore...

Intel shares drop 21% on Israel factory blast, PC weakness

(Oct 29): Amazon.com on Thursday reported a massive cash burn in the third quarter, sending shares sharply lower, while it signaled higher capital expenditures next year atop an already ​huge amount in 2026.

Amazon's cloud computing cash cow, Amazon Web Services, continued to accel...

Amazon sinks as AI spending eclipses fastest cloud growth in five years

(Oct 29): Cash flow is king again.

Wall Street rewarded Microsoft and Oracle on Wednesday for showing that they could ​fund their enormous AI ambitions without endlessly tapping investors.

Alphabet, by contrast, was punished for burning through cash, while Google Search's slow...

Cash is king as investors draw new battle lines in AI spending boom

LONDON (Oct 29): Much of today’s massive AI build-out is being financed with instruments that do not trade. So, the question for investors now is not only whether AI will pay off, but also how they will know if it is starting to ​come off the rails.

While hyperscalers like Meta Pla...

Private credit’s huge AI footprint obscures growing risks

Stock rotation hits AI winners on spending worries

The cost of insuring against losses on Alphabet Inc’s debt rose on Thursday as its shares plummeted, after disappointing results intensified fears that its massive bet on debt-funded artificial intelligence (AI) spending may fail to pay off.

Google debt-risk gauge rises as earnings revive AI debt jitters

Spain’s government is working to clarify the causes behind a high-speed train crash that killed dozens of people — the country’s second major accident this year — and avoid further tragedies taking place, Prime Minister Pedro Sanchez said.

Sanchez says Spain focused on improving safety after rail crash

US inflation accelerated in September as consumers paid more for gasoline and other goods, supporting economists' expectations of an interest rate increase from the Federal Reserve in December.

US inflation heats up in September; consumer spending rises

The number of Americans filing new claims for unemployment benefits hovered near 57-year lows last week amid labour market resilience.

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