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BUSINESS1h agoYoung Malaysians’ US$1.3bn short-term credit spree sparks warning over bad debtMalaysians aged 30 and below bought some 5.4 billion ringgit (US$1.32 billion) worth of goods and services on short-term credit in the first half of this year, the country’s Finance Ministry has revealed. The ministry said it had recorded 65.9 million “buy now, pay later” (BNPL) purchases among younger consumers in the first six months of 2026 – equivalent to more than one in three, or 37.9 per cent, of total purchases nationwide. As of June 30, the outstanding BNPL financing balance among this...South China Morning Post

BUSINESS1d agoBitdeer AI enters into eight-year agreement for A103 data center in MalaysiaBitdeer AI has signed an eight-year agreement for a data center in Malaysia. This marks a significant business expansion for the company in the technology sector.Seeking Alpha Tech

BUSINESS1d agoSeadrill secures $420M Indonesia rig award, extends work in Malaysia and AngolaSeadrill has secured a $420 million rig award in Indonesia and extended its operations in Malaysia and Angola. This matters as it reflects significant new business and continued operations for the company in the energy sector.Seeking Alpha Tech

BUSINESS2d agoShares in Malaysia’s Genting tumble by most in 28 yearsShare in Genting plunged by the most in 28 years after the leisure group controlled by Malaysian billionaire Lim Kok Thay announced plans to raise about 1.25 billion ringgit (US$306 million) through a renounceable rights issue. The stock fell as much as 17 per cent to 1.56 ringgit, the biggest decline since 1998. The issue price would be fixed at a discount ranging between 25 and 30 per cent, Genting said in a bourse filing on Friday, adding that proceeds raised would be used to repay its...South China Morning Post

BUSINESS2d agoEXCLUSIVE: AirAsia in talks with Malaysian government over potential funding support, sources say - ReutersEXCLUSIVE: AirAsia in talks with Malaysian government over potential funding support, sources say ReutersReuters World