<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 3): Mudajaya Group Bhd said its indirect associate in India, RKM Powergen Pte Ltd, has commenced additional power supply of 550MW, bringing total sales to 900MW.</p></div>

<div class=newsTextDataWrapInner><p>In an announcement to&nbsp;Bursa Malaysia today, Mudajaya said the power is supplied to the state of Telangana via PTC India Ltd, in accordance with a pilot agreement between RKM and PTC India.</p></div>

<div class=newsTextDataWrapInner><p>“This supply supplements the current power sales of 350MW to Uttar Pradesh Power Corporation Limited (UPPCL), bringing the total power sales from the RKM plant to 900MW,” Mudajaya said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>According to past reports, the RKM coal-fired plant has a total capacity of 1,440 MW, comprising four generating units of 360 MW each. Mudajaya holds an 18.93% stake in RKM via its Malaysian unit Mudajaya Corp Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Mudajaya’s share price rose 2.5 sen or 6.41% to 41.5 sen today, giving the group a market capitalisation of RM251.25 million.</p></div>


KUALA LUMPUR (Feb 3): Mudajaya Group Bhd said its indirect associate in India, RKM Powergen Pte Ltd, has commenced additional power supply of 550MW, bringing total sales to 900MW.

In an announcement to Bursa Malaysia today, Mudajaya said the power is supplied to the state of Telangana via PTC India Ltd, in accordance with a pilot agreement between RKM and PTC India.

Mudajaya’s India associate commences additional 550MW power supply

(Oct 22): Citigroup Inc is counting on securing an onshore securities licence in China as the US lender expands operations in the world’s second-largest economy following a string of major consumer exits across Asia.

Citi targets top spot in China as it awaits securities licence

'Clearly the prime minister has been wrongly advised,' says former finance minister Lim Guan Eng.

Opinion: Tuju doesn't work, improvements needed

CIMB Group Holdings Bhd (KL:CIMB) on Thursday “categorically” denied planning to privatise its Indonesian unit.

CIMB denies plans to privatise Indonesian unit

KUALA LUMPUR (Oct 22): RedPlanet Bhd (KL:RPLANET) staged a strong ACE Market debut on Thursday following the information technology services firm’s listing transfer from the LEAP Market.

RedPlanet rises 42% in ACE Market debut following listing transfer

(Oct 22): The European Union (EU) reached a provisional agreement to overhaul rules governing the bloc’s securitisations markets, a deal that would unleash billions of euros to finance initiatives in key areas such as defence and climate resilience.

EU nears market securitisation reform in bid to unleash billions

Meta Platforms has struck a deal with Mark Zuckerberg to keep him living in California after the chief executive officer warned he was considering leaving the state that houses the company's headquarters if voters pass a wealth tax proposal next month.

Meta strikes deal to keep Zuckerberg in California after wealth tax concerns

KUALA LUMPUR (Oct 22): The government is still finalising a natural gas roadmap that will guide the development of Malaysia’s gas sector through energy transition, a minister said on Thursday.

Malaysia’s national natural gas roadmap still being finalised, says minister

MELBOURNE/BENGALURU (Oct 22): Australia's Fortescue warned on Thursday that its operations could be hit if talks with China's state-backed buyer did not conclude by year-end, as the world's fourth-largest iron ore miner released results that showed sales lagging shipments.

Australia's Fortescue warns of possible operations hit as China state buyer talks rumble on

A total of 72 Malaysians were detained overseas on suspicion of drug-related offences, with 1,704kg of drugs, worth RM81.76 million, seized from January to Oct 15.

Bukit Aman: 72 Malaysians detained abroad over suspected drug offences this year

KUALA LUMPUR (Oct 22): Palm oil prices will stay firm above RM4,600 per tonne next month on stronger exports and seasonal output decline, said a Malaysian industry council.

Palm oil to stay above RM4,600 in November on stronger export, output decline — MPOC

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday</p>


Sunway Healthcare, Sunway REIT, Zetrix AI,Malakoff,  Capitaland Malaysia,Westports, AME REIT, Pantech Global, MHB, ES Sunlogy, Kerjaya Prospek & Mudajaya

<p>Zetrix AI Bhd (KL:ZETRIX) faces a deadline on Thursday to resolve a covenant breach that could trigger a payment default on its RM2 billion sukuk.</p>


D-day for Zetrix AI to fix RM2b sukuk covenant breach

<p>(Oct 22):&nbsp;Oil prices rose on Thursday as more attacks by the Houthis in Saudi Arabia prompted the United States to order some diplomats and family members to leave its missions in the Kingdom.</p>


Oil rises as US orders diplomats to leave Saudi Arabia amid escalating tensions

<p>US equity-index futures fell as a technology rally faded, trimming gains sparked by strong earnings that had bolstered confidence in the artificial intelligence trade.</p>


US stock futures slip as tech earnings rally fades

<p>KUALA LUMPUR (Oct 22): RedPlanet Bhd (KL:RPLANET) staged a strong ACE Market debut on Thursday following the information technology services firm’s listing transfer from the LEAP Market.</p>


<p>The next five years will serve as a crucial transition period for Sarawak in its efforts to develop a high-value economy based on technology creation, said Sarawak Premier Tan Sri Abang Johari Tun Openg.</p>


Next five years crucial transition period for Sarawak’s economy

<p>Here's a heads up on what to look out for today.</p>


YOUR DAY AHEAD: Oct 22, 2026 

<p>Wall Street’s wagers on artificial intelligence regained traction, with stocks rising in late hours as solid results bolstered confidence in the trade that has powered the bull market.</p>


Stocks climb in late hours on Meta’s big AI wagers

<p>CIMB Group Holdings Bhd (KL:CIMB) on Thursday “categorically” denied planning to privatise its Indonesian unit.</p>


<p>(Oct 22):&nbsp;Malaysia has given the go-ahead for a batch of unprocessed rare earths to be exported, the first approval under a new framework designed to permit testing and potentially encourage investments in local capacity.</p>


Malaysia allows first export of raw rare earths under new rules

<p>The Malaysian Employers Federation (MEF) has urged the government to tighten enforcement against the misuse of foreign worker recruitment approvals to ensure foreign workers are employed only in approved sectors and occupations facing genuine labour shortages.</p>


MEF urges stricter enforcement, priority for local workers

<p>'Clearly the prime minister has been wrongly advised,' says former finance minister Lim Guan Eng.</p>


<p>NEW YORK (Oct 21):&nbsp;Federal Reserve Chair Kevin Warsh wasn't nominated to raise rates, but he did so anyway. Now, cash investors are asking why money market fund yields have lagged. The answer is mechanics, not malfunction.</p>

<p>Warsh and his colleagues on the ​Federal Open Market Commit...

Opinion: Why is capital leaving money market funds as rates rise?

<p>(Oct 21): The Federal Reserve can substantially shrink its balance sheet if it overhauls its rate control toolkit to provide liquidity on demand, if those alterations are in made in conjunction with rule changes that allow ​banks to hold lower levels of cash on hand, says a new<a data-testid="Lin...

Brookings paper offers broad plan to shrink Fed balance sheet

<p>(Oct 21):&nbsp;Netflix's&nbsp;cut to ​its advertising sales forecast is fuelling concerns that its growth engine is losing steam, threatening the ‌edge that made it a model for the media industry.</p>

<p>Shares of the company fell nearly 5% in Wednesday afternoon trading after Netflix forecast...

Netflix's ad stumble deepens fears its growth is hitting a wall

<p>KUALA LUMPUR (Oct 22): Palm oil prices will stay firm above RM4,600 per tonne next month on stronger exports and seasonal output decline, said a Malaysian industry council.</p>


<p>President Vladimir Putin said Russia’s ready to resume trilateral negotiations with the US and Ukraine on a potential peace deal, according to the Kremlin.</p>


Putin says Russia ready for new peace talks with US, Ukraine

<p>(Oct 21):&nbsp;Electronic Arts is planning to close BioWare, the developer of the "Mass Effect" series ​of games, and lay off employees ‌to focus on more lucrative projects, the company said on Wednesday in an email to employees.</p>

<p>EA said it would cancel an ​early-stage "Mass Effect" pro...

EA to shutter BioWare studio, cut jobs as it narrows game slate

<p>SAN FRANCISCO/BENGALURU (Oct 21): Tesla&nbsp;cut its annual capital expenditure forecast by a fifth and posted surprise positive free cash flow in the third quarter on Wednesday, after investing far less in its AI and robotics ambitions than Wall Street had expected.</p>


Tesla cuts spending before potential SpaceX deal even as Musk bets future on AI, robots

<p>The Trump administration is offering to loan up to nearly a third of the one-million-barrel US emergency heating oil reserve, the Department of Energy said on Wednesday, in a bid to tame surging prices.</p>
