Capital markets news | Tue 13 Oct 2026

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Budget 2027 considerations
A multiple-property tax would impose an additional annual levy on people or entities owning more than a specified number or value of residential properties—for example, after a first home, or only where the combined assessed value exceeds a high threshold. It could be based on the property’s annual assessed value, market value or number of units, with exemptions for ordinary rental businesses, inherited homes, affordable housing and properties occupied by dependants. The potential benefits are additional recurring revenue, better targeting of property wealth and reduced incentives to hold homes vacant for speculation. However, it could penalise legitimate landlords, raise rents if owners pass the cost to tenants, create valuation disputes, and unfairly affect households that own several modest properties but are not genuinely wealthy.

Equity

6 financial institutions to underwrite IOIPG Malaysia REIT Main Market IPO Edge Star
Edelteq plans another private placement to raise up to RM27m Edge
Local institutions recorded net inflows of RM99.9m last week — MBSB IB Edge Reserve Star
Singapore Exchange woos European traders with new futures window Edge
Medco Energi to take 10% stake in four Eni oil and gas blocks in Indonesia Edge
XRP treasury Evernorth’s shares rise 5% at Nasdaq opening print Telegraph
SoftBank-backed OPay eyes up to USD500m in New York listing Edge
SWI raises USD894m to repurpose former FTX bitcoin miner Genesis Digital to AI Desk

Debt

Yinson’s A1 ratings affirmed RAM
AMMB, MBSB face greater earnings pressure as bond yields rise Reserve
Income tax deduction proposed for Sukuk Prisma issuance costs Reserve
2027 Budget: BPMB gets over RM7bil to fund seven key sectors NST
SJPP guarantees RM123.8b in business financing NST
Budget 2027: Stamp duty remission for mid-tier companies’ financing proposed Reserve
DBS CEO Tan says market repricing risks on AI financing Edge
Tencent tells investors its USD5b bond mainly for AI capex Edge
Ex-Trump adviser warns US debt crisis could be closer than anyone thinks Yahoo
US mortgage bond funds suffer one of worst outflows since 2021 Edge Yahoo
Squeezed by inflation, more Americans are falling behind on their debts Yahoo
US yield surge triggers mortgage hedging, adds to bond market pressure Reuters
UK finance minister to call for big economies to get borrowing under control at IMF NST
IMF nod likely for Zambia’s USD1.5b deal Star

Digital assets

Australia proposes leverage caps for crypto-settled derivatives Telegraph
South Korea just got its first traditional bank loans backed by bitcoin Desk Telegraph
Kraken parent clears Dubai’s final hurdle for dirham trading rollout Telegraph
Standard Chartered offers RLUSD custody in Dubai Desk Telegraph
Post-USD19b crash, crypto faces new reality Star
Tokenised catastrophe bonds target the disaster-insurance gap Desk
US accounting overhaul could make stablecoins more attractive to corporations Telegraph
Global financial watchdog calls for cross-border stablecoin crisis planning Desk Telegraph

M&A

Higher deal activity likely among SMEs Star
Masteel announces 51% stake buy in power infra firm Edge Reserve
Tong Herr privatisation offer ‘not fair but reasonable’ Edge Reserve
Deleum plans RM13m disposal of technology solutions unit to Ocean Vantage Edge Reserve
United Malacca to compensate minority shareholders for missing general offer Edge Reserve
Cyberjaya Education buys Sepang land for RM15m to support university growth Edge
Datasonic’s aborted property deal raises questions Edge
IOI Properties looking to take 50% stake in Singapore’s One Raffles Place Edge NST Star
Golden Destinations expands into Hong Kong with Double Happiness acquisition NST
Getty Images plans bankruptcy filing, to go private Reuters
Albertsons seeks more than USD9b over busted Kroger deal Yahoo
Starbucks says it’s not buying Chipotle, dousing deal rumours Edge Reuters
Bumble’s potential USD1b sale marks fall from dating app’s peak Yahoo Reuters

Malaysia

Don’t penalise high-income earners when lifting EPF contribution for others Edge
Recasting the age 55 EPF withdrawal into a lifetime pension promise Edge
Operations of Tabung Haji core systems, services restored Edge
Debate over government’s role in private enterprise Edge
Budget 2027: Govt confident of RM510b expenditure without introducing new taxes Edge
Malaysia’s economy growing, but consumers counting every ringgit Edge
AirAsia in talks with govt over potential funding support Edge NST Star
1MDB in settlement talks with Deutsche Bank Edge

Other markets

India inflation hits 2-year high, backs RBI tightening Edge
Indian central bank curbs to temper corporate rush to hedge against rupee weakness Edge
Fed’s Hammack warns inflation is persistent, favours more restrictive policy Yahoo Reuters
Fed’s Hammack says Treasury yields modest by historic standards Yahoo
HSBC moves to Wall Street bonus model, cuts fixed-pay deals Edge
3 charts sum up why many US households are struggling right now Yahoo
Fed says household income, wealth, debt stress increased from 2022 to 2025 Reuters
IMF says AI investment keeps global growth around 3% Edge Reuters
Start-ups are betting on AI to predict the future Edge
Global poverty index rises for first time since its 2010 creation Edge