GIC mulls selling 80% stake in European data centre JV for up to €1 bil — Bloomberg
(Feb 12): GIC Pte is considering a sale of its 80% stake in a European data centre joint venture (JV), a potential deal that could value the business at about €2 billion (RM9.34 billion) including debt, people with knowledge of the matter said. The JV operates data centres under the xScale brand. Its JV partner Equinix Inc, which owns the remaining 20% stake, plans to stay invested, they said. Deliberations are at an early stage and GIC could decide to keep the asset for longer, the people said. Equinix and GIC announced in 2019 that they had set up the xScale venture to develop and operate hyperscale data centres in Europe for users such as AWS, Microsoft Azure and Google Cloud.
Source:The Edge Markets
February 11, 2026 16:36 UTC
AstraZeneca's ex-chief in China formally charged with insurance fraud
(Feb 12): AstraZeneca plc’s former China head Leon Wang has been formally charged with medical insurance fraud, unlawful collection of personal information and illegal trade, with the case heading to court. It will not face the more serious charge of insurance fraud. Chinese authorities have been investigating some of Astra’s current and former employees over alleged law breaches around drug imports, data privacy and insurance reimbursement. The company confirmed separately the information in its financial statement, which didn’t include names, referred to Wang. Wang’s arrest in late 2024 threatened to become a major stumbling block to the British drugmaker’s ambitions in China.
Source:The Edge Markets
February 11, 2026 16:22 UTC
Trainee doctor accused of filming a woman bathing claims trial
KUALA KRAI: A trainee doctor has pleaded not guilty to outraging a woman's modesty and possessing obscene material. Ahmad Hilmi Zulkeflee, 26, was accused of secretly recording a woman bathing at the medical officer trainee hostel at 6.30am on Sept 13, 2025, and storing obscene images and videos on his phone. The charges carry a maximum penalty of five years' imprisonment and a fine for outraging modesty and up to three years' imprisonment and a fine for possessing obscene material. Deputy Public Prosecutor Mazlinda Mohd Nor offered RM5,000 bail per charge, while the defence sought lower bail, citing his youth and that this was a first offence. The court set bail at RM6,000 for both charges with one surety and barred the accused from harassing the victim.
Source:The Star
February 11, 2026 16:15 UTC
Poorly performing co-ops to lose access to new financing, Parliament told
KUALA LUMPUR: Cooperatives with poor repayment records will be barred from receiving new financing, Parliament was told. Deputy Entrepreneur and Cooperatives Development Minister Datuk Mohamad Alamin said the move is intended to ensure public funds are managed responsibly and benefit all cooperative members. Mohamad said that in 2025, 66 cooperatives received financing under the Malaysia Cooperative Societies Commission’s Revolving Capital Fund (TMP-SKM), totalling RM75.32mil. He said 78 cooperatives benefited from business development assistance grants totalling RM8.59mil, aimed at supporting working capital and the purchase of business assets. He added that some cooperatives have become overly reliant on government assistance and incentives, without making serious efforts to grow their businesses.
Source:The Star
February 11, 2026 16:05 UTC
US budget deficit to grow to US$1.853 tril in FY2026, CBO says
WASHINGTON (Feb 11): The US budget deficit will grow slightly in fiscal 2026 to US$1.853 trillion (RM7.3 trillion), the Congressional Budget Office forecast on Wednesday, showing that on balance, President Donald Trump's economic policies are worsening the country's fiscal picture amid low economic growth. The CBO said that the deficit for fiscal 2026 will be about 5.8% of GDP, about where it was in fiscal 2025, with a deficit of US$1.775 trillion. Trump administration officials have said in recent days that first- quarter 2026 growth could top 6% due to rising investments in factories and artificial intelligence data centres. The fiscal 2026 deficit is about US$100 billion or 8% more in CBO's current projections than it was in the agency's January 2025 projections, and the cumulative deficit over the 2026-2035 period is US$1.4 trillion, or 6% greater. Added revenue from Trump's tariffs will reduce deficits by about US$3 trillion, including economic effects and lower debt payments, CBO said.
Source:The Edge Markets
February 11, 2026 15:16 UTC
Grass fire near mosque razes 44 vehicles
PETALING JAYA: A grass fire that broke out in front of a mosque in Taman Putra Perdana, Puchong, spread to a nearby open vehicle storage facility, destroying 44 vehicles on Wednesday (Feb 11). Selangor Fire and Rescue Department operations division assistant director Ahmad Mukhlis Mokhtar said the department received an emergency call at 2.40pm. He said firefighters from the Cyberjaya Fire and Rescue Station, with assistance from the Bangi station, arrived at the scene at 3.10pm, about 20km away. “Upon arrival, the fire was found to have involved about four acres of lalang (grassland) before spreading to an open-structured storage facility for scrap vehicles belonging to the local council. “A total of 44 vehicles parked at the site were affected,” he said in a statement.
Source:The Star
February 11, 2026 15:14 UTC
MACC nabs ex-Melaka CM’s former aide, wife in RM3m graft probe
A source said the couple was detained at the MACC headquarters in Putrajaya at about 2pm Wednesday when they turned up to give their statements. The suspect, who holds the title Datuk Wira, is believed to have solicited and received the bribes between February and November 2021. The couple is also suspected of using the illicit proceeds to purchase a condominium unit in the Klang Valley, the source added. MACC chief commissioner Tan Sri Azam Baki confirmed the arrests when contacted, saying the case is being investigated under the MACC Act 2009. He said both individuals will be brought before the Putrajaya Magistrate’s Court Thursday for a remand application.
Source:The Edge Markets
February 11, 2026 14:56 UTC
Bomba working to contain 12ha forest fire in Tanjung Sepat
KUALA LANGAT: A fire has engulfed 12.1ha (30 acres) of forest here, says the Fire and Rescue Department. Its assistant director for Selangor, Ahmad Mukhlis Mokhtar, said when contacted on Wednesday (Feb 11) that they were notified of the fire in Tanjung Sepat, Banting, earlier in the day. "The operations commander has reported that the fire involves an estimated 30 acres of forest area. "Initial action taken includes the construction of fire breaks using four excavators. "Containment and extinguishing works are ongoing," he said.
Source:The Star
February 11, 2026 14:45 UTC
Country Heights, eyeing action against liquidator, says EGM postponed to review circular, address regulatory clarification
The EGM, initially scheduled for Feb 13, has also been postponed to incorporate additional information arising from regulatory clarification, Country Heights said in a filing on Wednesday. Country Heights had called for the EGM to address liquidation action against its subsidiary MWBP by liquidator Messrs Baker Tilly Insolvency PLT, which it said had continued despite settlement of admitted debts. In announcing the EGM’s postponement on Tuesday, Country Heights said it would notify shareholders of the new date of the EGM later. However, Country Heights pointed to “transparency, valuation and procedural concerns arising from the liquidation and asset disposal process”, and claimed that Baker Tilly has provided breakdowns of proof of debt “which causes confusions and discrepancies”. “Since its appointment, the Company has identified serious concerns in relation to the manner in which Baker Tilly has discharged its duties and responsibilities as liquidator,” Country Heights had said.
Source:The Edge Markets
February 11, 2026 14:41 UTC
Lekas to activate Smart Lane system from Thursday to tackle peak hour congestion
KUALA LUMPUR (Feb 11): Lebuhraya Kajang-Seremban Sdn Bhd (Lekas) will activate a Smart Lane system along selected sections of the Lekas Highway from Thursday to ease traffic congestion during morning and evening peak hours. The affected areas as Kilometre (KM) 1.0 to KM0.1 northbound from the Kajang Selatan Interchange (Lekas) to the Kajang Perdana Interchange (Silk) via Putrajaya, while for the southbound area, it is from KM0.0 to KM0.4 from the Kajang Perdana Interchange (Silk) to the Kajang Selatan Interchange (Lekas). It added that the Smart Lane system optimises the use of existing road space by enabling the temporary usage of emergency lanes as additional lanes during operational hours to increase traffic capacity and flow. The routes will be equipped with "Smart Lane Start" and "Smart Lane End" signs, as well as green LED indicators that will light up when the lane is open, and the emergency lane will revert to its original function outside of the operating hours. Lekas chief operating officer Chuah Lay Hoon said the Smart Lane activation initiative reflects its continued commitment to proactively managing traffic flow, particularly at critical interchange areas.
Source:The Edge Markets
February 11, 2026 14:36 UTC
Bursa Malaysia teams up with Teraju to encourage Bumiputera IPO participation
KUALA LUMPUR (Feb 11): Bursa Malaysia Bhd has entered into a memorandum of collaboration with Unit Peneraju Agenda Bumiputera (Teraju) to facilitate the participation of Bumiputera companies in the Malaysian capital market through initial public offering (IPO) listings. “Bursa Malaysia will collaborate with Teraju to guide and equip high-potential Bumiputera companies towards compliance with the IPO listing requirements and getting these companies ready for IPO. “There is considerable untapped potential among Bumiputera companies, and we are committed to supporting them in taking the next step towards becoming listed companies. Teraju chief executive officer Junady Nawawi said the collaboration reflects a firm commitment to supporting Bumiputera companies in navigating the IPO journey. “This initiative focuses on addressing the missing middle, mid-sized Bumiputera companies with strong growth potential that often fall between existing support frameworks,” he said.
Source:The Edge Markets
February 11, 2026 14:21 UTC
Jamal Yunos auctions off infamous slipper, towel for RM66,000 to pay Teresa Kok
KUALA LUMPUR: Datuk Seri Jamal Md Yunos has auctioned off a slipper and a towel for RM66,000, which will be used to pay Teresa Kok. The items were used by Jamal during in an infamous protest in 2016 when Selangor was experiencing water shortages. On July 26, 2022, Kok won her case and was awarded RM300,000 by High Court Judicial Commissioner Mohd Arief Emran Arifin. Jamal was also ordered to pay RM50,000 in costs. On March 27, 2024, the Court of Appeal dismissed Jamal's appeal.
Source:The Star
February 11, 2026 14:20 UTC
MACC: Investigation papers on DOE DG, deputy DG to be submitted Feb 13
PUTRAJAYA: Graft busters are expected to submit the investigation papers (IP) on the e-waste corruption probe involving high-ranking Department of Environment (DOE) officers by Friday (Feb 13). Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki said the commission will submit the IP to the Attorney-General's Chambers (AGC) with the proposal to charge the DOE director-general and his deputy. "We are at the final leg of the investigation. "My officers have been given two weeks to investigate the matter and we will be submitting the IP by Friday," he told a special session with the media on Wednesday (Feb 11). More to come
Source:The Star
February 11, 2026 14:15 UTC
96% of 1,720 TVET programmes achieved effective status under 12MP — Ramanan
KUALA LUMPUR (Feb 11): Ninety-six percent of 1,720 programmes across 597 Technical and Vocational Education and Training (TVET) institutions assessed throughout the 12th Malaysia Plan (12MP) from 2023 to 2025 have achieved effective programme status. He said the prestigious recognition would serve as a catalyst for closer, more active and sustainable collaboration between TVET institutions and industry strategic partners. The ceremony also witnessed the launch of the Malaysia TVET Rating, an integrated, comprehensive and internationally benchmarked rating system that consolidates all existing standards under a single national framework. At a press conference, Kamaruzaman said the Malaysia TVET Rating is a rebranding of the single rating system implemented from 2021 until last year. “We began ratings as early as 2011 to recognise TVET service providers or education providers for their achievements in delivering training.
Source:The Edge Markets
February 11, 2026 14:11 UTC
Court stays Shafie's contempt case
ALSO READ: Shafie’s Zara contempt case to be on Feb 11The court fixed March 27 for next mention via Zoom, and Shafie’s attendance was dispensed with. Earlier, the court also dismissed Shafie’s preliminary objection to the issue of whether the Sessions Court or the Coroner’s Court was the proper forum to hear the contempt proceedings. The argument was that the Sessions Court and the Coroner's Court are distinct tribunals with separate jurisdictions and one cannot obtain permission from Court A to sue in Court B. Deputy public prosecutor Mohamad Mustaffa P. Kunyalan argued that the law was valid as it was, and the issue at hand was contempt against the Coroner’s Sessions Court. Following that, his lawyers informed the court that they had applied to strike out the committal proceedings on Dec 15.
Source:The Star
February 11, 2026 14:02 UTC