AI equipment finance and the obligations behind an SPV
AI equipment finance and the obligations behind an SPV
Featured analysis
Malaysia's Budget 2027 Preview: RM438.9 Billion of Expansionary Spending, a RM40 Billion Fuel Subsidy Shock and the 3% Deficit Target for 2028
Ahead of Prime Minister Anwar Ibrahim tabling Budget 2027 on October 9, 2026, the pre-budget roundtable reported by The Edge Malaysia on September 26, 2026 frames a fiscal consolidation that narrowed the federal deficit from 5.5% of GDP in 2022 to 3.7% in 2025 against the statutory 3%-by-2028 target of the Public Finance and Fiscal Responsibility Act 2023, now strained by a fuel subsidy bill rising from a budgeted RM15 billion to an estimated RM40 billion with Brent above US$100 - about half to be covered by additional public revenue and the remainder by reprioritisation of expenditure - while TA Research projects an expansionary envelope of RM438.9 billion, up 3.7% on the revised 2026 estimate of RM423.4 billion, focused on targeted assistance, development spending and longer-term growth rather than broad-based giveaways: a budget of continuity under pressure rather than a sharp change of course.
Company Digest
Ultium Cells plans LMR retooling in Spring Hill
Ultium Cells plans LMR retooling in Spring Hill
POSCO Breaks Ground on 480 Billion Won No. 8 Continuous Galvanizing Line at Gwangyang Works
POSCO has broken ground on the No. 8 Continuous Galvanizing Line (8CGL) at Gwangyang Works, a 480 billion won (about US$357-359 million) project that will add 450,000 tonnes per year of hot-dip galvanized automotive outer-panel steel from 2028.
Kakao to Split Into Two Listed Companies, Kakao AI and Kakao X, in Restructuring Around Artificial Intelligence
Kakao Corp. will split into two listed companies, Kakao AI and Kakao X: the newly established Kakao AI takes the KakaoTalk platform together with the AI, advertising and commerce businesses plus subsidiaries DK Techin and K&Works, while Kakao X, the surviving entity, keeps fintech, content and mobility under an investment-focused structure; the split ratio is 0.36 to 0.64 based on net book values, existing shareholders receive shares in both companies, CEO Chung Shin-a will lead Kakao AI and Kim Do-young, chief executive of Kakao Investment and head of group investment strategy, is nominated to head Kakao X, with shareholder approval at an extraordinary general meeting on December 17, 2026, the split effective January 1, 2027 and separate trading from January 27, 2027.