- Butane gas leak in Kerteh, Terengganu
- Sunway Healthcare is going for an IPO
- Maybank tak kesah orang nak kecam for slapping its logo at Merdeka 118
IN MALAYSIA
Another gas pipeline leak, now in Kerteh, Terengganu
The police promptly closed the main Kerteh-Ranggon road to all vehicles after a gas leak was detected in a Petronas Gas Berhad (PGB) pipeline at the East Coast Rail Link (ECRL) Section 5 project site in Kerteh last Saturday. The gas leak, specifically the highly flammable butane gas, created a fantasy land-like fog at the affected site, which is situated about 2km from the main road and did ot affect any villages or residential areas. Fortunately, this time around, the gas leak only led to a Shrek-like swamp scene and not a mushroom cloud scene straight from the Oppenheimer movie.
The gas pipeline leak at the ECRL project site in Kerteh, involving Petronas Gas, is under control and poses no threat to public health, said JBPM.
The affected area has been closed to the public, and construction work has been suspended to prevent sparks and other risks.
🧵1… pic.twitter.com/3urnHJtUvR
— BFM News (@NewsBFM) September 21, 2025
Following the incident, the Department of Occupational Safety and Health (DOSH) has instructed the interested parties to submit a full investigation report. Under the Occupational Safety and Health Act 1994, convicted employers may face a maximum fine of RM500,000, imprisonment of up to two years, or both.
Source: https://www.bernama.com/en/general/news.php?id=2469717
Business news
- Sunway Healthcare to go public to partially fund its expansion plan
Sunway Healthcare Holdings Bhd has filed for a Main Market listing to raise funds to help finance an expansion drive that will cost over RM1.6 bil. The expansion plan will include the construction of a new 401-bed hospital in Iskandar Puteri, Johor (RM766 mil) and the upgrading of existing facilities (RM850 mil). Moving forward, Sunway Healthcare is positioning itself as the major provider for the rapidly ageing population in Malaysia and the growing medical tourism business. The aim is to more than double its capacity to over 3,400 beds by 2032, with occupancy rates of 70% to 80% at all hospitals nationwide. The major winner for Sunway Healthcare’s IPO would be Singapore’s sovereign wealth fund GIC, which will dispose of more than half of its stake via the IPO, from 16% to 7.5% post-IPO.
- Gamuda is hitting the big B
Gamuda Bhd has recorded RM1 bil in net profit for the financial year ended July 31, 2025, up 10% from RM912.1 mil in FY2024. The massive result is due to strong domestic construction projects, with an all-time-high construction orderbook balance of RM38 bil after recording RM25 bil job wins during the year. Gamuda said domestic construction projects made up 50% of its order book, while data centres contributed 10%.
- The Maybank logo will be slapped on Merdeka 118 as planned
Maybank has denied claims that its sign was removed from the country’s tallest building, Merdeka 118. Maybank clarified that at the moment, only the ‘MAY’ portion of the signage has been installed, and there is still a long way to go before the ‘BANK’ portion is added. This response came after the public outcry over the act of allegedly smudging the prestige of the Merdeka 118 (by placing the Maybank logo at the tower), which is designed after the late PM Tunku Abdul Rahman. Personally, arguing something based on sentiment will take our country nowhere. Maybank deservedly granted the naming and signage rights to the building as it will occupy 33 floors, housing about 5,900 employees.
Source: https://www.nst.com.my/news/nation/2025/09/1278212/no-u-turn-maybank-sign-merdeka-118-says-bank
- Malaysia will be in the rocket business soon
Director General of the Malaysian Space Agency (MYSA), Azlikamil Napiah, announced that Malaysia is slated to be the first SEA country to have its own rocket launch pad by 2029, with three locations shortlisted in Pahang, Sarawak, and Sabah. The project, aligned with the National Space Policy 2030, could generate over RM10 bil for gross domestic product if Malaysia establishes itself as a regional leader in the burgeoning space industry. Azlikamil added that any interested foreign investors must collaborate with local companies and obtain approval from the respective state governments on land matters. So far, only one party has submitted a full feasibility study report. Why Malaysia tho? Malaysia’s geographical location along the Equator provides a distinct advantage, enabling more efficient rocket launches with reduced fuel costs.
Special PSA for ALL
A new hunger game waiting for Malaysia – The RON95 Subsidy Games
Malaysians’ anxiety levels will surely spike as Putrajaya is set to implement the targeted RON95 petrol subsidy initiative by the end of the month. Home Minister Saifuddin Nasution Ismail has reminded the rakyat to check and replace faulty MyKad chips, as the MyKad will be the main identification tool for the new fuel subsidy scheme. Under the new scheme, only Malaysians will enjoy a lower RON95 price of RM1.99 per litre once the targeted subsidies come into effect.
The Domestic Trade and Cost of Living Ministry has also urged the public and goods land transport companies to register for the Subsidised Petrol Control System (SKPS) ahead of the targeted subsidy for RON95 petrol. Currently, the number of companies registered under SKPS remains low, with only 89 vehicles in Sabah and six in Sarawak registered, compared to an estimated 4,647 vehicles eligible for both states. At the national level, 1,790 companies have registered, involving 5,449 vehicles. This round of the targeted fuel scheme will be implemented nationwide, unlike the targeted diesel subsidy, which is only carried out in Peninsular Malaysia, while subsidies are maintained in Sabah and Sarawak.
