Elon Musk reveals the second-generation Tesla Roadster featuring SpaceX cold-gas thrusters, a 0.81s 0-60 mph time, and strategic massive upfront reservation deposits.
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Prime Minister Anwar Ibrahim announced a new Basic Credit Card framework in Budget 2027, capping annual financing rates at 14%. Designed as a no-frills product to promote responsible borrowing, early adopters like Maybank Islamic and CIMB Islamic have already begun rolling out the cards to support budget-conscious consumers.
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Setel has launched a new AI-driven Voice Fuelling feature, allowing users to activate petrol pumps using voice commands in English, Bahasa Malaysia, Mandarin, or Tamil. The innovation aims to enhance accessibility and convenience for Malaysian drivers at Petronas stations.
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A late-September cybersecurity breach at CTOS Digital, which led to the temporary suspension of its core credit reporting services, is estimated to cost the company RM16 million in revenue for 2026. The company is currently undergoing independent security reviews to restore full operations and reassure partners.
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Malaysians aged 30 and under hold RM2.4 billion in outstanding Buy-Now-Pay-Later (BNPL) debt, according to new data. The figures highlight growing concerns over digital consumer lending and aggressive credit expansion ahead of the full enforcement of the Consumer Credit Act.
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Malaysia will introduce its first Tokenised Retail Savings Sukuk, utilizing blockchain technology to democratize government bond investments. Announced during Budget 2027, the initiative allows retail investors to directly fund specific public sector projects, reflecting a broader strategy to digitize the Islamic capital market.
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A sophisticated supply chain attack targeting Ledger hardware wallets sold through Southeast Asian reseller CryptoBilis has led to the draining of over $90 million from more than 300 user wallets. Attackers implanted spyware chips into devices, capturing recovery seed phrases during setup. Ledger has confirmed its own systems were not breached, but advises users to immediately transfer funds from affected devices.
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Bank Negara Malaysia (BNM) and the Hong Kong Monetary Authority (HKMA) have signed a comprehensive agreement to enhance financial and payment cooperation. The pact focuses on cross-border stablecoins, digital asset innovation, payment system integration, trade finance, local currency usage, and cybersecurity.
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The Road Transport Department has suspended My E.G. Sdn Bhd and parent Zetrix AI Bhd as collection agents for road tax, licence and summons payments from 5 October 2026, after the Transport Ministry said about RM314 million collected between May and September was not remitted. Legal action to recover the funds is under way.
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The ASEAN cross-border QR payment network has reached a monumental milestone, processing $716 million across 36 million transactions and accelerating regional financial inclusion.
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