<div class=newsTextDataWrapInner>KUALA LUMPUR (Jan 3): Ruling coalition Pakatan Harapan reiterates Prime Minister Mahathir Mohamad’s statement that he will hand power to Anwar Ibrahim after the APEC summit at the end of 2020, chief secretary Saifuddin Abdullah says in statement.</div>

<div class=newsTextDataWrapInner>* “No dispute” among Pakatan Harapan leadership council that Anwar will be the next prime minister</div>

<div class=newsTextDataWrapInner>* A handover date of May 2020 did not arise</div><div class=inPageAd id=div-gpt-ad-inpage></div>

Ruling coalition Pakatan Harapan reiterates Prime Minister Mahathir Mohamad’s statement that he will hand power to Anwar Ibrahim after the APEC summit at the end of 2020, chief secretary Saifuddin Abdullah says in statement.

Malaysia’s ruling pact says no specific date for PM transition

(Oct 30): A US majority-owned startup plans to invest US$600 million in a rare-earth refinery in Malaysia, seeking to develop a new source of the critical minerals as Washington pushes to reduce its reliance on China.

US-owned startup plans US$600 mil Malaysia rare-earth refinery

The anatomy of an ordinary failure, with extraordinary consequence, is a lesson that Malaysian boards of directors should not ignore.

At 10.02am on Tuesday, Sept 8, a notification appeared at Britain’s air traffic control centre outside Southampton: The link between London Area Control ...

Climate And Environmental Governance: The Tuesday that closed Britain’s skies

As an economist, one is a heavy user of macroeconomic data of the country one is studying. For a Malaysian, that generally means those put out by the Department of Statistics Malaysia (DOSM). The department has, as everyone knows, a new head, and when she made her first announcement of Malaysia’s...

My Say: No better time to substitute exports of intermediate goods

HONG KONG/BENGALURU (Oct 30): Asia-focused investment firm PAG will acquire a 51% stake in Evergrande Property Services Group, a unit of debt-laden developer China Evergrande Group, for HK$4.03 billion (US$514 million), the two said in a joint announcement on Friday.

PAG to buy 51% stake in Evergrande Property Services for US$514 mil

Rakuten Trade Sdn Bhd’s online trading for Bursa Malaysia stocks has been disrupted for more than a week following precautionary measures taken in response to a cybersecurity attempt, with no confirmed date for services to resume.

Rakuten Trade’s Bursa trading has been down for over a week following cyberattack, with no restart date

KUALA LUMPUR (Oct 30): Jin Jiang Hotels (Malaysia) is set to introduce Southeast Asia's first Renjoy Hotel in Desaru, Johor, alongside plans to launch a 7 Days Premium Hotel in Tanjung Malim, Perak in the first half of 2027, according to a press statement issued on Thursday (Oct 29). Details of the latter are forthcoming.

Jin Jiang Hotels to open region's first Renjoy Hotel in Desaru; plans 7 Days Premium hotel in Tanjung Malim, Perak

KUALA LUMPUR (Oct 30): All three audit committee members of Zetrix AI Bhd (KL:ZETRIX) and the majority of its board members resigned within a month, citing personal commitments.

The departure leaves the embattled company with only three directors remaining after four out of seven board ...

Zetrix AI loses entire audit committee, most board members resign

The core businesses of America’s technology giants — the advertising, consumer and retail machines propping up a collective US$750 billion (RM3.04 trillion) in artificial intelligence (AI) spending this year — are starting to show signs of slowing. In some cases, they’re being cannibalised by the very technology the firms are betting the house on.

Big Tech’s US$750 bil AI bet collides with slowing core growth

KUALA LUMPUR (Oct 30): The Waterfront Shoppes (TWS) at The Light City in Penang has officially held its soft opening, according to a press statement issued on Thursday (Oct 29). It is located within The Light City, an integrated development that is a joint venture between IJM Corp Bhd (KL:IJM) and Singapore-headquartered Perennial Holdings Private Ltd.

Perennial, IJM Land mark soft opening of Penang's The Waterfront Shoppes

Patrick Stewart, who rose from poverty in England to become an accomplished Shakespearean stage actor and then achieved global stardom as the erudite Captain Jean-Luc Picard in TV's Star Trek: The Next Generation and the telepathic Professor Charles Xavier in the X-Men movies, has died at the age of 86.

Patrick Stewart, Shakespearean actor turned 'Star Trek' and 'X-Men' star, passes away at 86

Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday

Big Caring, Zetrix AI, Heitech Padu, SD Guthrie, YTL Power, Mega Fortris, GIIB, JF Technology, TSH Resources, BAT Malaysia, Mi Technovation, Axis REIT, Chin Teck Plantations, Taghill &SLGC 

KUALA LUMPUR (Oct 30): All three audit committee members of Zetrix AI Bhd (KL:ZETRIX) and the majority of its board members resigned within a month, citing personal commitments.

The departure leaves the embattled company with only three directors remaining after four out of seven board ...

(Oct 29):&nbsp;Intel shares plunged 21% on Thursday after ​the chipmaker said a deadly explosion at its Israel factory would erase roughly $600 million in revenue over two quarters, while a faltering PC market could ‌dent sales through the first half of next year.

A below-estimates fore...

Intel shares drop 21% on Israel factory blast, PC weakness

SINGAPORE (Oct 30): Tech shares slumped in Asia on Friday, the yen rose and bonds surged toward their biggest monthly gain in nearly three years as investors scurried to safety against worries that huge and rising AI spending may not deliver sufficient returns.

Stocks slump, bonds leap as AI giants' spending spooks investors

SINGAPORE (Oct 30): Oil prices climbed in early trade on Friday on supply concerns after Yemen's Iran-aligned Houthis stepped up attacks on Saudi Arabia, on track for a fourth straight monthly gain and the steepest since July.

Oil rises on supply concerns as Houthis attack Saudi Arabia

Indonesia is set for more consistent rain next month, providing relief from wildfires that have spewed toxic smoke across Singapore and Malaysia, though widespread downpours are still weeks away.

Indonesia rain set to ease toxic haze in Singapore, Malaysia

Cuscapi Bhd (KL:CUSCAPI) saw boardroom changes on Thursday, including the resignation of businessman Datuk Jayakumar Panneer Selvam.

Cuscapi sees boardroom changes as businessman Jayakumar resigns

MEXICO CITY/BENGALURU (Oct 29): Binance, the world's largest cryptocurrency exchange, said on Thursday that it had frozen US$3 billion in crypto assets as it investigated a potential security breach, with stablecoin issuers Circle&nbsp;and Tether freezing related assets.

Binance's possible hack triggers US$3 bil freeze in crypto assets

(Oct 29): Cash flow is king again.

Wall Street rewarded Microsoft and Oracle on Wednesday for showing that they could ​fund their enormous AI ambitions without endlessly tapping investors.

Alphabet, by contrast, was punished for burning through cash, while Google Search's slow...

Cash is king as investors draw new battle lines in AI spending boom

MyDCD Bhd may have 91% upside to its listing price though there are risks that investors of the mechanical and electrical engineering firm have to watch out for, according to an analyst.

MyDCD may have 91% upside, but watch out for risks, says analyst

(Oct 29): Amazon.com&nbsp;on Thursday reported a massive cash burn in the third quarter, sending shares sharply lower, while it signaled higher capital expenditures next year atop an already ​huge amount in 2026.

Amazon's cloud computing cash cow, Amazon Web Services, continued to accel...

Amazon sinks as AI spending eclipses fastest cloud growth in five years

Parti Pribumi Bersatu Malaysia (Bersatu) announced eight candidates who will contest in the 16th Melaka state election on Nov 14.

Melaka polls: Bersatu announces candidates for eight seats

Perikatan Nasional (PN) has postponed announcing its candidate for one remaining state seat allocated to the coalition under an understanding with Barisan Nasional (BN) for the 16th Melaka state election.

Perikatan delays announcement of one Melaka state seat candidate

Rakuten Trade Sdn Bhd’s online trading for Bursa Malaysia stocks has been disrupted for more than a week following precautionary measures taken in response to a cybersecurity attempt, with no confirmed date for services to resume.

Perikatan Nasional (PN) has announced five candidates for the 16th Melaka state election next month.&nbsp;

Perikatan names five candidates for Melaka polls

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Oct 30, 2026 

LONDON (Oct 29):&nbsp;Much of today’s massive AI build-out is being financed with instruments that do not trade. So, the question for investors now is not only whether AI will pay off, but also how they will know if it is starting to ​come off the rails.

While hyperscalers like Meta Pla...

Private credit’s huge AI footprint obscures growing risks

(Oct 29): Wall Street's top alternative asset managers are betting on the AI boom by owning the infrastructure behind it and locking ​in rent through long-term leases.

With concerns growing that debt-laden neocloud companies at the heart of the AI infrastructure boom could default and ‌...

Wall Street's AI bet: Own the infrastructure, collect the rent

OSLO (Oct 29):&nbsp;Forecasts published on Thursday of rapid growth in power demand from data centres in Norway have further underscored concerns among policymakers and energy market operators, ​with one political party calling an emergency debate in parliament next week that ‌may lead to a ban o...

Data centre growth triggers backlash in Norway over power deficit concerns

A selloff in several tech companies spurred a rotation into a broader category of stocks while fueling a push toward the safety of bonds.