Malaysia Money Matters Daily News Digest 6th Feb 2026

Today’s episode tracks a market split down the middle: Malaysia’s “old economy” sectors like property and infrastructure are surging, while tech — especially AI — is under serious pressure thanks to global sentiment shifts.📉 Tech Selloff Hits Malaysia* Awanbiru Technology: down 18%* Zetrix AI: down 13%Global AI valuations are being questioned, and local players are feeling the heat.🏢 Corporate Moves & Signals* Berjaya Food: RM11.98M loss, but signs of recovery after 9 straight quarters in the red* Berjaya Corp: New CEO Nerine Tan, plus Vincent Tan ups stake by 6.2%* Timberwell: Takeover bid at 90 sen; stock already up 167% over 3 months* F&N: Profit drops 34%, blamed on USD weakness — but analysts stay bullish* IOI Properties: Hits all-time high (RM3.26) on strong data center land play⚡ Rapid Fire* ICT Zone Asia: Initiated with a buy call (42% upside target)* Keyfield: Secures RM70.7M shipbuilding contract* Haily Group: Wins RM48M Skudai housing project* Farm Price: Prepping to transfer to Main Market* Sunview: Diversifies into solar power generation* KJTS–Malakoff deal: Cancelled* Bursa Malaysia: Focus on larger IPOs to boost vibrancy🏛️ Policy, Tax & Domestic Economy* REIT Tax Concession under review👉 If the 10% concession lapses, yields could fall, hurting investor sentiment* Ringgit trading at RM3.94/USD; Finance Minister sees more upside* GDP forecast upgrades likely* Sara Program: RM100 cash aid (MyKad) starts Feb 9* Rare Earths: Push for downstream processing to retain more value* RM30M Media Fund: For digitisation, with concerns about press freedom⚖️ Legal & Regulatory* Agrobank fraud: RM203.8M loss, 47 arrests* Isa Samad appeal ruling set for Feb 10* Altantuya family returns damages to gov’t* Shell vs Petronas: Shell ordered to pay in gas dispute — a major win for Petronas* MCMC settles suit with Murray Hunter🌍 Global Snapshot* Indonesia: Moody’s cuts outlook to “negative” — rupiah & bonds slip* Bitcoin: Drops below USD70K amid rate fears* “Software-mageddon”: Investors flee traditional software stocks* ECB & BoE: Hold rates; BoE hints at future cuts* TSMC: 3nm chips coming to Japan* Nvidia: ByteDance deal stalls due to US export controls* US Jobs: January layoffs highest since 2009 — signs of labor market cracking🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2026!🔗 Subscribe & Share the Malaysia Money Matters podcast on Substack, Spotify, or Apple PodcastsMalaysia Money Matters is a one-person passion project. Subscribe for free or support me as a paid subscriber—it means the world to me! This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit mmoneymatters.substack.com