Capital markets news | Tue 16 Jun 2026

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GE16 in 2026?
The government highlights that tax revenue is projected to rise to RM343.1 billion in 2026, with individual income tax expected to hit RM49.07 billion (up 9.4% from 2025) and corporate tax reaching RM103.35 billion (up 6.5%). This increase is driven by broadening the tax base, improving governance, and steady wage growth—allowing the government to reduce the fiscal deficit to 3.5% of GDP. Nonetheless, tax revenue is growing slower than the economy overall, with tax-to-GDP ratio projected at only 16% in 2026, relying heavily on Petronas dividends. Critics also argue that broadening the sales tax (SST) base and new carbon taxes effectively increase the tax burden on ordinary citizens without meaningful corporate tax rate hikes.

Equity

Computer infrastructure firm Pentech opens on strong note in ACE Market debut Edge
Construction arm listing may unlock IJM value Star
Tanco drops to day’s low of 12 sen as exchange-set floor lapses Edge
Time to ‘overweight’ plantation stocks now as El Niño arrives Edge
Foreign outflows continue for fifth straight week at RM658.3m Edge NST Star
Foundation Healthcare said to file IPO prospectus in Singapore in coming days Edge
Indonesia awaits MSCI verdict that risks USD13b outflows Edge
Xiaohongshu said to ready Hong Kong IPO filing this month Edge
Hong Kong issuers seek to boost trading in overlooked stocks Edge
Outflows outpace inflows in Asia markets, reaching USD13.61b in total Mail
SpaceX shares jump in second day of trading after record IPO Edge

Debt

TH Properties’ sukuk assigned preliminary AA+ and MARC-1 ratings MARC
TH Properties’ sustainable finance framework assigned “Gold” impact assessment MARC
Banks’ profitability eased amid higher provisions RAM Edge Star
Indonesia’s sovereign wealth fund mulls 30-year bond days after debut sale Edge
Foreign investors buy China’s onshore yuan bonds in May, first time in over a year NST
Nvidia joins AI debt boom with bond sale targeting USD20b Edge Cointelegraph Yahoo
Goldman brings Google to prepaid energy market after equity deal Edge
First Brands moves ahead with liquidation plan Edge
ECB expands probe on private credit to more banks as fears mount Edge
Forget re-election – Mind the bond market Star

Commodities

Singapore to launch over-the-counter gold clearing system and central bank gold vault Edge
Iran, US agree to halt war and reopen Hormuz Edge Yahoo
Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz Edge NST Star
Renewed hope for stranded seafarers near Hormuz after US-Iran deal: IMO chief NST
Shipowners seek clarity on Hormuz deal as waiting flotillas grow Edge
LNG tanker heads towards Hormuz as deal lifts reopening hopes Edge
US Strategic Petroleum Reserve is now at its lowest level since the early 1980s Yahoo

Digital assets

Bitcoin hits 2-week high above USD65,500 as the US-Iran deal sends oil sliding Coindesk
‘Crypto spring’ is here, says one analyst after bitcoin’s key signals turn bullish Coindesk
These charts show how bitcoin price could hit USD100k before Oct Cointelegraph
Bitcoin could crash to USD48k, if this historical pattern is triggered Coindesk
Kraken debuts US perpetual futures Coindesk Cointelegraph
Bybit expands RWA push with tokenised bond funds from PIMCO, CMBI Cointelegraph

M&A

Mycron Steel to buy HQ property from shareholder Melewar for RM30m Edge NST Star
Finding a balance: Optimisation vs opportunity cost Edge
Legal action on Move Digital puts Capital A’s logistics arm at risk Edge
Allianz said to lead bidding for HSBC Life Singapore Edge
Australia’s Atlas Arteria urges shareholders to reject IFM Global’s USD5.2b bid Edge
Australia’s Woodside Energy says it is unaware of any proposal involving Exxon Mobil Edge
Fox strikes USD22b deal for Roku to fuel streaming push Edge NST Yahoo
Qualcomm in talks to buy Tenstorrent Yahoo

Malaysia

GLIC investment commitment in Bumiputera firms raised to RM2b this year Edge NST
Capital allocation mandate must remain prudent Edge
OSK unit secures govt approval for moneylending licence Star
Inflation expected to stay under control at 1.5%-2.5% this year Edge NST Star
Malaysia could miss fiscal target as subsidies balloon, reforms stall, says research firm Edge
Focus on external trade data and slew of monetary policy decisions Edge
Industrial output beats forecasts, but clouds loom on the horizon Edge NST Star
MBSB sees retail sales moderating in 2026 Edge
Mara chairman says amendments to Act to be tabled in Parliament this year Edge
MOF: Irregularities detected in govt tender procurement processes Edge
AT&S invests up to EUR2b in Malaysia plan to capitalise on AI boom Edge NST

Other markets

Singapore labour market expands in 1Q, employment rises by 9,400 Star
Singapore lay-offs near 3-year high as firms restructure Edge
Chinese economy stuck in slow lane as consumption heads for drop Edge
India’s May wholesale price inflation rises to 9.68% on war-driven fuel surge Edge
India trade gap shrinks, sees hurdles ease with US-Iran deal Edge
A global tightening of the net Edge
Warsh caught between Trump and bond market Star
Fed expected to hold rates steady this week as rate hike talks heat up Yahoo
US manufacturing output unchanged in May after large gain in Apr Edge
Trump’s first-term China tariffs survive Supreme Court challenge Edge
Trump threatens 100% tariff on French wine over tech tax as G7 meets Edge Mail
ECB’s Lagarde says energy-price hikes spreading through economy Edge
Lagarde dismisses early‑exit talk, to stay ‘on deck’ at ECB to ensure price stability Mail
IMF says still on ‘high alert’ for war impact after Iran-US deal Edge
Moderate outlook for global economy in 2H Star