<div class=newsTextDataWrapInner>KUALA LUMPUR (Dec 27): Sunway City (Penang) Sdn Bhd (SCP), an indirect unit of Sunway Bhd, has signed a sales and purchase agreement with Luxor Precision Sdn Bhd to acquire four pieces of freehold land in Penang for RM267.41 million. In a filing with Bursa Malaysia today, Sunway said SCP has successfully bid for the land on Dec 17, together with existing buildings, plant nurseries and other structures. The proposed acquisition would provide Sunway with an estimated gross development value of RM1.5 billion when fully developed, said the developer in an earlier announcement to Bursa Malaysia. "The proposed development for the land consisted of commercial shops, small office and home office as well as highrise residential units that would strengthen Sunway's presence in Penang property market," it said. Sunway said the land was strategically located within the vibrant centre of Penang Island and was surrounded by tourism spots as well as matured residential townships. </div></div><div class=inPageAd id=div-gpt-ad-inpage>

KUALA LUMPUR (Dec 27): Sunway City (Penang) Sdn Bhd (SCP), an indirect unit of Sunway Bhd, has signed a sales and purchase agreement with Luxor Precision Sdn Bhd to acquire four pieces of freehold land in Penang for RM267.41 million.  In a filing with Bursa Malaysia today, Sunway said SCP has successfully bid for the land on Dec 17, together with existing buildings, plant nurseries and other structures.  The proposed acquisition would provide Sunway with an estimated gross development value of RM1.5 billion when fully developed, said the developer in an earlier announcement to Bursa Malaysia.  "The proposed development for the land consisted of commercial shops, small office and home office as well as highrise residential units that would strengthen Sunway's presence in Penang property market," it said. Sunway said the land was strategically located within the vibrant centre of Penang Island and was surrounded by tourism spots as well as matured residential townships.

Sunway buys four pieces of land in Penang 

Ni Hsin Group Bhd (KL:NIHSIN) said the resale of five million treasury shares for RM2.38 million on Monday (Oct 26) may have contributed to the sharp fall in its share price and heavy trading volume, in response to an unusual market activity (UMA) query from Bursa Malaysia on Friday.

Ni Hsin says RM2.38m treasury share resale may have contributed to sharp sell-off

Keretapi Tanah Melayu Bhd (KTMB) continues to strengthen its freight business, recording RM96 million in revenue for the first nine months (9M) of 2026, up 10% from the same period last year.

The railway operator said the strong performance indicates growing demand for rail freight services, with KTMB transporting 1.3 million tonnes of cargo, up 16%, while container movements rose 6% to 173,844 twenty-foot equivalent units.

KTMB's freight revenue rises 10% to RM96 mil in 9M 2026

MCA has announced that it will contest one more state seat in the 16th Melaka state election, after Kota Laksamana was returned to Barisan Nasional (BN) by Perikatan Nasional (PN).

Melaka polls: MCA adds Kota Laksamana as fourth seat to contest as PN gives way

Perusahaan Sadur Timah Malaysia Bhd (KL:PERSTIM) on Friday announced that group managing director Kazumi Saito has resigned after more than two years at helm.

Tin plate manufacturer Perstima group MD Kazumi Saito quits 

IGB REIT’s (KL:IGBREIT) net property income (NPI) surged 48.3% year-on-year (y-o-y) during the latest quarterly earnings, thanks to better contribution from its mall in Johor named The Mall, Mid Valley Southkey.

IGB REIT, IGB Commercial REIT raise income distributions by more than 25% on higher property income

MARC Ratings has slashed its rating on Zetrix AI Bhd’s (KL:ZETRIX) RM2 billion sukuk programme to C from BB+, citing heightened uncertainty over the company’s ability to comply with its covenant obligations. The rating remains on 'MARCWatch Negative'.

MARC downgrades Zetrix AI sukuk rating for second time in two weeks

LEAP Market-listed GPP Resources Bhd (KL:GPP), which is involved in renewable energy and oil palm trunk plywood, has been flagged by its external auditor over material uncertainty surrounding its ability to continue as a going concern, despite receiving an unmodified audit opinion.

Auditor flags GPP Resources' ability to continue but LEAP Market-listed firm upbeat on turn-around plans    

MAA Group Bhd's (KL:MAA) external auditor, KPMG PLT, has raised concerns over the group's ability to continue operating and meet its financial obligations over the next 12 months, following a RM106.9 million annual loss.

MAA Group’s auditor flags going concern uncertainty after RM107 mil annual loss

Businessman Datuk Ng Meng Kee has acquired 6.48 million shares in GIIB Holdings Bhd (KL:GIIB) as its stock hovers over a five-month low.

Businessman Ng Meng Kee ups stake in GIIB as stock falls to five-month low

Lianson Fleet Group Bhd (KL:LFG), a regional offshore support vessel (OSV) and marine transportation provider controlled by Yinson Holdings Bhd (KL:YINSON) group executive chairman Lim Han Weng, has acquired a heavy-lift vessel capable of handling loads of up to 4,000 tonnes as it seeks to expand its presence in the offshore marine sector.

Lianson Fleet acquires heavy-lift vessel to expand offshore capabilities

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.

Zetrix AI loses entire audit committee, most board members resign

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

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

(Oct 30):&nbsp;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

MBSB Research remains positive on YTL Power International Bhd’s (KL:YTLPOWR) longer-term growth prospects, underpinned by the ramp-up of its data centre operations in Kulai, Johor, the planned expansion into Sedenak Tech Park West (STeP West), and rising opportunities in the power and digital infrastructure sectors.

MBSB Research sees potential for 4GW data centre campus at YTL Power’s Bukit Kerayong site

Hackers stole US$6.3 billion from Binance, the world's largest cryptocurrency exchange, in what analysts say is the biggest crypto hack ever, an attack that could prompt investors to rethink the risks of owning digital assets.

The hackers behind the raid were from North Korea, according to US blockchain analysis firms TRM Labs and Chainalysis. The attackers targeted Binance wallets on 10 blockchains and shifted most of the funds in about 20 minutes, TRM Labs said in a statement.

Binance freezes assets after US$6.3 billion heist, crypto industry's biggest

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

KUALA LUMPUR (Oct 30): Ni Hsin Group Bhd (KL:NIHSIN) suffered one of its worst days on record, prompting the exchange to demand the cookware manufacturer to explain the unusual market activity.

Ni Hsin suffers one of its worst sell-offs, triggering exchange query

Avillion Bhd (KL:AVI), which operates beach resorts, hotels and spas in Malaysia and Indonesia, is embroiled in a dispute with an individual claiming ownership of the land occupied by its Villa Cinta resort in Bali, Indonesia, over an alleged expired lease and outstanding rental obligations.

Avillion in dispute with alleged landowner over lease of RM11.2m Bali resort

PPB Group Bhd (KL:PPB) could see weaker earnings for its third quarter ended Sept 30, 2026 (3QFY2026) following a sharp decline posted by key associate Wilmar International Ltd, said CIMB Securities.

PPB faces weaker 3Q after Wilmar's margins hit by costs, soybean crushing margins — CIMB Securities

KUALA LUMPUR (Oct 30): Malaysia appears to be weathering the energy shock with inflation chugging along at a benign pace, reducing the urgency to tighten policy rate, HSBC said on Friday.

No rush: BNM may stand pat at November meeting as inflation stays benign — HSBC

Indonesian President Prabowo Subianto’s brother stressed the importance of a trusted and transparent local share market, saying the country must “mitigate the MSCI issue” and telling business leaders at a forum Thursday to stop “deep frying” stocks.

Prabowo’s brother sounds alarm over Indonesian stock market

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

GIIB Holdings Bhd (KL:GIIB) told Bursa Malaysia it is unaware of any corporate developments that could have caused the sharp fall in its share price on Thursday, prompting the market regulator to query the group for unusual market activity (UMA).

GIIB tells Bursa unaware of reason for sharp drop in share price 

BENGALURU (Oct 30): Australia's Coles said on Friday that heightened promotional activity from competitors hurt early second-quarter sales as cost-conscious shoppers sought bargains, sending its shares to their steepest single-day decline in more than six years.

Australia's Coles marks steepest fall since 2020 as rival promotions bite

Mega Fortris Bhd (KL:MEGAFB) lost about a billion ringgit in value as its shares plunged another 19% on Friday, extending the previous day's rout and triggering an unusual market activity query from Bursa. &nbsp;

Bursa queries Mega Fortris as rout extends into second day, wiping out RM1b in value  

KUALA LUMPUR (Oct 30): Malaysia Aviation Group Bhd’s (MAG) borrowings are expected to remain elevated as the parent of national carrier Malaysia Airlines Bhd presses ahead with an aircraft fleet renewal programme largely funded through leases, although savings on fuel and maintenance costs from newer aircraft should help cushion the financial impact, according to MARC Ratings Bhd.

Malaysia Aviation Group's debt to stay elevated as fleet renewal drives leasing costs

CelcomDigi Bhd (KL:CDB) said on Friday it has received spectrum assignments for two blocks each in the 2600-megahertz and 900-megahertz frequency bands.

CelcomDigi gets formal spectrum assignments, discloses annual fees

MAA Group Bhd's (KL:MAA) external auditor, KPMG PLT, has raised concerns over the group's ability to continue operating and meet its financial obligations over the next 12 months, following a RM106.9 million annual loss.

KUALA LUMPUR (Oct 30): Bank Negara Malaysia (BNM) has appointed Federal Territories Mufti Ahmad Fauwaz Fadzil as a member of its Shariah Advisory Council (SAC) for a two-year term, effective Nov 1.