A recent tragic accident at the Bukit Kajang toll plaza has brought road safety into sharp focus. The incident, which resulted in the death of an infant, underscores critical lapses in both vehicle maintenance and child passenger protection.
Transport Minister Anthony Loke revealed that preliminary findings indicate the child was not secured in a safety seat during the collision. He stressed the importance of such restraints, noting they provide vital protection that can save lives during accidents.
Investigators also identified brake failure in the involved lorry as a contributing factor. Loke emphasized that transport operators must conduct regular maintenance beyond mandatory inspections to ensure vehicle roadworthiness.
The collision occurred when the lorry, traveling from Semenyih, lost control and struck three vehicles waiting at the toll booths. Besides the infant fatality, seven individuals sustained injuries and were transported to nearby medical facilities.
This unfortunate event serves as a sobering reminder for all road users. Adhering to safety regulations and maintaining vehicles properly are essential measures to prevent such tragedies on our roads.
Hong Kong’s property sector continues to face significant headwinds, as evidenced by New World Development Co’s latest financial results. The prominent developer reported a substantial loss for the fiscal year ending June 30, marking its second consecutive year in negative territory. This performance reflects the broader challenges affecting real estate markets in both Hong Kong and mainland China.
The company’s financial statement revealed a loss of HK$16.3 billion from continuing operations, which exceeded the previous year’s deficit of HK$11.8 billion. This deepening loss was primarily driven by significant one-time impairment charges and other extraordinary expenses. These figures highlight the persistent difficulties facing one of Hong Kong’s largest property developers amid ongoing market weakness.
To address its financial constraints, New World has pursued multiple financing strategies throughout the year. After securing an US$11 billion refinancing package earlier, the company recently obtained an additional HK$3.95 billion loan, though this amount fell considerably short of its initial target. The developer is also reportedly in discussions with potential investors, including global firm Blackstone Inc, regarding possible capital injections to strengthen its financial position.
Market conditions have created additional complications for the company’s recovery efforts. Residential property values in Hong Kong remain approximately 30% below their 2021 peak, while China’s broader housing market continues to struggle after more than four years of downturn. Commercial real estate has also suffered, with office and retail property prices declining 48% and 41% respectively from their 2018 highs, further constraining the company’s asset disposal plans.
The past year has presented numerous organizational challenges for New World beyond financial pressures, including significant management transitions following the unexpected departure of heir Adrian Cheng. As one of Hong Kong’s four major developers, the company’s ongoing difficulties underscore the persistent strain within the region’s property sector and the complex path to recovery that lies ahead.
The global halal market represents a significant economic opportunity, and Malaysia has strategically positioned itself as a leading authority within this rapidly expanding sector. Through a combination of rigorous certification standards and comprehensive ecosystem development, the nation has cultivated international recognition for its halal products and services. This approach extends well beyond food to encompass pharmaceuticals, cosmetics, finance, and logistics, establishing Malaysia as a central player in a market valued in the trillions of dollars.
Central to Malaysia’s strategy is the establishment of a trusted halal certification system managed by JAKIM, the Department of Islamic Development Malaysia. This certification is widely regarded as one of the most credible globally, providing a competitive advantage for both local and international companies. For instance, Nestlé Malaysia operates one of its largest halal production facilities in Shah Alam, producing over 300 certified products for export to more than 50 countries. The Malaysian halal mark serves as a universal assurance of quality and compliance, enabling businesses to access diverse consumer markets with confidence.
Malaysia’s holistic framework for the halal industry is coordinated by the Halal Development Corporation, which integrates various sectors into a cohesive economic strategy. Companies like Brahim’s Holdings Berhad exemplify this model, having expanded from airline catering into a global supplier of halal-ready meals for airlines, military use, and humanitarian aid. The country’s specialized infrastructure, including halal industrial parks and tailored Islamic financial services, provides essential support for businesses aiming to scale their operations internationally.
International platforms such as the Malaysia International Halal Showcase (MIHAS) serve as vital conduits for trade and collaboration, connecting Malaysian enterprises with global distributors and investors. Brands like SimplySiti, founded by celebrity Dato’ Siti Nurhaliza, have leveraged these events to grow from a local enterprise into an international halal cosmetics brand available across Southeast Asia and the Middle East. These efforts are complemented by bilateral agreements and knowledge-sharing initiatives, through which Malaysia exports its halal expertise to markets in Africa, the Gulf, and East Asia.
Looking ahead, Malaysia continues to invest in education and innovation to sustain its leadership in the halal industry. Universities now offer specialized degrees in halal science and supply chain management, fostering a new generation of professionals and entrepreneurs. By framing halal as a mark of excellence—emphasizing safety, ethics, and quality—Malaysia has broadened its appeal to Muslim and non-Muslim consumers alike. This reframing, supported by a resilient institutional ecosystem, ensures that the country remains a benchmark for halal trade and a vital contributor to the global Islamic economy.
Effective leadership hinges on the ability to articulate a clear and compelling purpose that resonates with employees. When leaders communicate the fundamental reasons behind their vision and actions, they cultivate an environment of trust and shared commitment. This foundational clarity helps align individual efforts with organizational objectives, fostering a cohesive and motivated workforce dedicated to achieving long-term success.
Employees increasingly seek meaningful work that connects to a larger mission beyond routine tasks. By explaining the “why” behind decisions, leaders tap into deeper values and aspirations, transforming daily responsibilities into purposeful contributions. Leadership expert Simon Sinek popularized the idea that successful organizations start with their core purpose, answering why they exist. Without this understanding, employees may view their roles merely as jobs, lacking the intrinsic motivation that drives exceptional performance and innovation.
Transparency in sharing the “why” builds trust and psychological safety, encouraging open dialogue and collaborative problem-solving. When leaders authentically explain their motivations, employees feel more secure in expressing ideas and concerns, leading to greater engagement and creativity. This trust reduces the likelihood of silent compliance and instead promotes a culture where team members actively contribute to the organization’s direction and growth.
A well-communicated purpose also aligns the workforce around common goals, enhancing coordination and efficiency across departments. For instance, if a company’s mission emphasizes sustainability, employees from various functions will naturally focus on eco-friendly initiatives. This shared understanding minimizes conflicting priorities and strengthens overall performance, while engaged employees who connect with the organization’s mission demonstrate higher job satisfaction and loyalty, reducing turnover.
To effectively convey their “why,” leaders should use relatable stories, connect purpose to core values, and lead by example. Regular reinforcement through clear communication and open dialogue ensures the purpose remains relevant and inspiring. Although some leaders may find it challenging to express their vision, investing in reflection and fostering a culture of openness can overcome these hurdles. Ultimately, demonstrating a clear purpose transforms employee buy-in from passive acceptance to active, passionate commitment, unlocking collective potential and driving sustainable success.
Malaysia is strengthening its position in the global halal market through targeted support for small and medium enterprises. The Halal Development Corporation Bhd (HDC) has launched the Halal Home Grown Champion – Sourcing Partnership Program (HSPP), a multi-faceted initiative designed to elevate local businesses to international standards. Since its introduction in 2020, the program has provided crucial development services, helping nearly 200 companies advance toward global market entry.
The program offers four key areas of facilitation to address the diverse needs of growing businesses. One core component assists manufacturers in obtaining critical international certifications, such as HACCP and ISO 22000, over a six-month period. This process involves improving internal systems and processes, which builds client confidence and trust. Another six-month facilitation focuses on digital branding, where SMEs receive coaching to optimize online campaigns, enhance brand visibility, and effectively broaden their audience reach to boost sales.
Product development represents a third facilitation area, with a specific emphasis on packaging improvements. This five-month program helps SMEs redesign their packaging to meet buyer requirements, making products more appealing for both domestic and international markets. The newest addition to the program is training in environment, social, and governance (ESG) practices. As global markets increasingly prioritize sustainability, this training helps SMEs align with international standards, allowing them to access new consumer segments that value ESG factors.
According to HDC Chief Executive Officer Hairol Ariffein Sahari, the program has evolved significantly since its inception. Initially focusing on a single facilitation scope, HSPP has expanded to include ESG practices and enhanced international certification support, which now incorporates consultancy services. The main objective is to strengthen the global competitiveness of local halal offerings, creating opportunities for SMEs to become suppliers for large global retailers and multinational corporations.
The program’s impact is reflected in tangible successes, including increased sales revenue, new business proposals, and successful first-time halal exports. By pushing SMEs to become more export-oriented, the initiative helps accelerate business growth and fortify Malaysia’s halal supply chain ecosystem. To be eligible, companies must be Malaysian-registered, hold valid halal certification, have annual sales between RM300,000 and RM50 million, and have been operational for at least three years. Registration is available online, supporting the next wave of halal industry champions.
Johor is strengthening its position as a key investment destination in Southeast Asia following successful engagements with major Japanese corporations at Expo Osaka 2025. The state’s delegation, led by Johor Trade and Investment Committee Chairman Lee Ting Han, conducted targeted one-on-one discussions with four prominent Japanese firms, generating significant interest in Johor’s economic offerings. These interactions signal growing confidence in Johor’s strategic advantages and its potential as a gateway to ASEAN markets.
The four companies—IL Holdings, Morishita Jintan, Nissei, and Fuji Oil—operate across diverse high-value sectors including healthcare, pharmaceuticals, precision manufacturing, and food and chemical production. Their interest underscores Johor’s appeal to industries that prioritize innovation, quality, and supply chain integration. In addition to the private meetings, Johor co-hosted an investment forum with Sumitomo Mitsui Banking Corporation, attracting participation from 60 Japanese enterprises and further highlighting the state’s expanding economic ties with Japan.
Johor’s attractiveness to international investors is supported by its political stability, modern infrastructure, and investor-friendly policies. Lee emphasized that Japanese firms bring advanced technological expertise, operational discipline, and supply chain development capabilities that align with Johor’s industrial growth objectives. These partnerships are expected to create high-value employment opportunities, facilitate technology transfer, and support the state’s long-term development agenda, Maju Johor 2030, as well as the Johor–Singapore Special Economic Zone.
The Maju Johor 2030 blueprint aims to position Johor as a leading regional hub for investment, innovation, and sustainable growth. It focuses on strengthening core industries, improving quality of life, and balancing economic advancement with environmental stewardship. Johor’ participation in Expo Osaka 2025 served as a strategic platform to showcase its economic strengths and expand international collaborations, reinforcing its role as a financial and industrial gateway in Southeast Asia.
By mid-2025, Johor had already secured over RM56 billion in investments, generating more than 8,000 jobs. Recent initiatives such as the Forest City Special Financial Zone and the development of the Johor–Singapore Special Economic Zone are set to enhance trade facilitation, mobility, and green digital incentives. These efforts, combined with deepening cooperation in sectors like semiconductors, cybersecurity, and renewable energy, reflect Johor’s ongoing commitment to becoming a dynamic and resilient economic powerhouse.
The property sector in Johor has experienced a notable upswing during the initial six months of 2025, driven by extensive infrastructure development and enhanced economic ties with neighboring Singapore. Major initiatives such as the Johor-Singapore Special Economic Zone and new transit systems have collectively boosted investor confidence and stimulated market activity. This period has seen a significant influx of capital and a marked increase in property valuations across various segments.
Approved investments in Johor reached RM56 billion in the first half of the year, representing nearly 30 percent of Malaysia’s national total. According to Samuel Tan of Olive Tree Property Consultants, foreign and domestic investors contributed almost equally, signaling strong belief in the state’s economic trajectory. Key infrastructure projects, including the Rapid Transit System Link set to open in 2027 and the Electric Train Service beginning in late 2025, are viewed as transformative for connectivity and commercial appeal.
Market absorption has improved, with over 3,000 overhang units sold since 2023 and properties near transit hubs appreciating by at least 20 percent. Service apartment prices rose from RM800 to RM1,200 per square foot, while commercial land values increased from RM700 to RM1,200 per square foot. Despite these gains, experts warn that rising construction costs and potential supply-demand mismatches could challenge affordability and market stability if left unaddressed.
Lee Nai Jia of PropertyGuru highlighted the continued influence of Singaporean buyers, including retirees and families with children in international schools, many of whom are Malaysians with Singapore permanent residency. However, demand remains sensitive to currency movements and geopolitical developments. Both analysts agree that while Johor’s growth is supported by solid fundamentals, maintaining momentum will require stronger regulation, accurate data, and affordable housing measures to prevent speculative imbalances and ensure long-term sustainability.
A fundamental shift is underway in how nations evaluate their prosperity, moving beyond traditional economic metrics to encompass environmental and social well-being. While gross domestic product has long served as the primary gauge of economic health, its limitations in reflecting ecological sustainability and social equity are becoming increasingly apparent. This evolving perspective calls for a more comprehensive approach to national accounting that captures the full spectrum of progress.
For decades, GDP has dominated economic policymaking by quantifying the market value of all goods and services produced within a country. However, this measurement fails to account for environmental degradation, resource depletion, and unpaid contributions such as caregiving and volunteer work. A nation can experience GDP growth through activities like deforestation or fossil fuel extraction while simultaneously undermining its natural capital and social fabric, creating a misleading picture of true progress.
Malaysia exemplifies this challenge, where rapid economic development has occurred alongside significant environmental costs including deforestation, river pollution, and coastal degradation. The country’s rich natural assets—from rainforests to coral reefs—face mounting pressure that conventional economic indicators fail to adequately capture. This disconnect highlights the urgent need for statistical frameworks that balance economic advancement with ecological preservation and social welfare.
Several alternative measurement systems offer more holistic approaches to assessing national progress. The United Nations’ Sustainable Development Goals provide a multidimensional framework tracking health, education, equality, and environmental quality alongside economic metrics. Other tools like the Inclusive Wealth Index measure national wealth through natural, human, and produced capital, while Genuine Progress Indicators adjust GDP by incorporating social and environmental costs.
The transition toward comprehensive measurement requires political commitment and public engagement to redefine national priorities. Statistical agencies must expand their reporting to include quarterly updates on carbon emissions, forest cover, air and water quality, and social indicators alongside traditional economic data. This enhanced accounting would provide policymakers and citizens with a more accurate representation of national well-being, enabling decisions that support sustainable development for future generations.
The upcoming 2026 Budget is poised to guide Malaysia’s economic direction during the initial phase of the 13th Malaysia Plan, according to a joint analysis by the KSI Strategic Institute for Asia Pacific and the Economic Club of Kuala Lumpur. This budget is expected to signal how the government intends to balance immediate cost-of-living support with longer-term structural reforms. A key fiscal objective is a reduction in the deficit, projected to fall between 3.4% and 3.6% of GDP, with an optimistic outlook suggesting it could reach as low as 3.3%.
Economic growth is forecast to range from 3.8% to 4.6%, influenced by global economic conditions, the effectiveness of domestic policies, and the performance of key sectors such as electronics, commodities, and tourism. To support this growth, the government is anticipated to allocate RM86 billion for development projects. On the revenue side, a steady but moderate expansion is expected, driven by improved tax compliance and targeted adjustments rather than the introduction of major new taxes.
A significant focus of the budget will be on subsidy rationalisation, exemplified by the BUDI95 initiative that lowers the price of RON95 petrol. This measure is projected to generate savings of between RM2.5 billion and RM4 billion, depending on global oil prices. The government is expected to pair such subsidy reductions with direct aid and strengthened social safety nets to protect vulnerable households. Additional reforms may include incremental tax changes on specific goods and a broader push for digital tax reporting to improve efficiency and reduce revenue leakage.
Institutional and governance reforms are also on the agenda, with potential legislation covering government procurement, state-owned enterprises, and public information access. The public sector is likely to see increased digitalisation and the adoption of new government technology platforms. For monetary policy, Bank Negara Malaysia is expected to maintain a balanced approach, potentially holding or slightly reducing the overnight policy rate if inflation remains controlled and economic growth moderates.
The 2026 Budget is set to send important signals to financial markets, influencing the ringgit, bonds, equities, and foreign direct investment. A credible fiscal consolidation path is expected to support currency stability and attract strong demand for government securities and sukuk. Policy clarity on issues such as carbon pricing and tax incentives will be crucial for securing long-term foreign investment, shaping capital flows and investor sentiment well into the future.
Market participants are anticipating the ringgit to move in a constrained band against the US dollar in the coming week, with forecasts placing it between RM4.21 and RM4.23. This stability is largely attributed to consistent demand for the Malaysian currency alongside the influence of upcoming economic indicators from the United States. According to Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid, key US labour market reports will be a primary focus for investors.
These reports include the Job Openings and Labor Turnover Survey, ADP employment change data, and the critical nonfarm payrolls figures. Recent weekly initial jobless claims have pointed to a resilient US labour market, with unemployment benefit applications holding at relatively subdued levels. Such data points are closely monitored for their potential impact on global currency movements and investor sentiment.
Beyond immediate US data, domestic fiscal policy is also set to influence the ringgit’s trajectory. The tabling of Budget 2026 on October 10 is expected to draw significant attention, with expectations that the government will sustain an expansionary fiscal approach while working to reduce fiscal deficits. Such a strategy is viewed as supportive for the ringgit’s medium to long-term performance.
For the week just ended, the ringgit experienced a slight depreciation against the US dollar, closing at 4.2200/2250 compared to 4.2040/2115 the previous week. Despite this dip against the greenback, the local currency demonstrated broad strength against other major and regional currencies. It appreciated against the Japanese yen, euro, and British pound, while also posting gains versus the Singapore dollar, Philippine peso, Indonesian rupiah, and Thai baht.
