Today’s episode cuts through the noise on a wave of regulatory scrutiny in Malaysia’s steel sector, landmark penalties at Wilmar, Sapura’s struggles under its new name, and major market signals both locally and globally. From policy shifts to pricing trends, it’s all about understanding the mix of pressure and opportunity shaping your next move.
📉 Malaysian Company & Market News
🔎 MACC Freezes Unit of Mayu Global in RM950M Scrapyard Probe
* Sunrise Manner (80%-owned by Mayu) linked to scrap metal smuggling
* RM950M in alleged tax losses under “Op Metal”
💥 Wilmar Hit with RM3.1B Penalty, PPB Warns of Q3 Losses
* Graft case from 2021 resurfaces in Indonesia
* PPB’s key associate now expects quarterly loss, though FY outlook remains profitable
📉 Vantress Energy (ex-Sapura) Posts RM230M Loss
* FX losses of RM239M despite debt halving to RM5.6B
🚧 Gamuda Secures S$1B Singapore Project
* Acquires 50% controlling stake in Chencharu Close development
* Expands RM3.31B regional project portfolio
💳 AEON Credit & MUFG Launch RM500M Social Loan
* Focus: underserved Malaysians earning ≤ RM2.5K/month
⚙️ Sector & Policy Developments
⚡ Electricity Tariff Relief Announced by Tenaga Nasional
* 6.5 sen/kWh rebate kicks in October, thanks to falling fuel costs
* Rebate applies to most users, possibly extended into 2026
🏗️ Steel Industry Faces Structural Shake-Up
* Steel Roadmap 2035 unveiled:
* 🚫 Ban on new BF-BOF (high-emission) plants
* 🛑 Stricter licensing rules
* 💰 Potential carbon tax by 2026
🌍 Global Trends & Market Signals
🏅 Gold Surges to US$3,800/oz – Record High
* Driven by Fed rate cut bets + global geopolitical unease
📈 Stocks Rally as Goldman Turns Bullish
* Cites strong US economic data and supportive Fed policy
🗳️ Political & Governance Updates
🗳️ Simultaneous Elections Proposal Faces Pushback
* Civil society groups prefer fixed election dates for:
* 🧭 Governance clarity
* 📅 Economic predictability
* 🚨 Disaster preparedness
📌 Key Takeaways
✅ Regulatory attention is mounting—from scrap metal smuggling to steel emissions✅ Wilmar’s penalty underscores long-lingering risks from past actions✅ Market sentiment is split: gold hits records even as stock outlook improves✅ Electricity rebates offer short-term relief, while carbon taxes and policy pivots are setting the long-term tone
🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!
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