Heading deeper into the woods
Zetrix AI Bhd has been suspended as a collection agent for the Malaysian Road Transport Department due to unpaid debts exceeding RM200 million. The company's financial health is under scrutiny as it faces significant liquidity concerns.
Why it matters
The suspension of a major e-government service provider impacts public service delivery and raises serious questions about corporate governance and financial stability.
BURSA SGX Home Edge Weekly Make The Edge Malaysia your preferred source on Google This article first appeared in The Edge Malaysia Weekly on October 5, 2026 - October 11, 2026
THE situation at Zetrix AI Bhd (KL: ZETRIX ) appears to be deteriorating, with more issues emerging. Late last Friday (Oct 2), Zetrix and its wholly-owned unit MyEG Sdn Bhd had their roles as collection agents for the Road Transport Department (JPJ) suspended, effective from 12.01am on Oct 5.
Zetrix AI has been collecting road tax renewal payments since April 2008, when it was known as MyEG Services Bhd.
“This decision was made after taking into account compliance with the stipulated terms and conditions of the agreement, as well as the status of obligations (responsibilities) yet to be fulfilled or settled by the company concerned,” JPJ says in a statement.
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