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UPSTART: Putting An (Affordable) Ring on It

Taiwan’s stock exchange will shut on Friday as Typhoon Champi approaches the island, bringing heavy rainfall and strong winds and prompting authorities to shut offices and schools in capital city Taipei.

Taiwan’s US$5 tril stock market to close on Friday as Typhoon Champi nears

Student safety, TVET development and social protection for industrial trainees were among the key issues raised on the final day of the policy-stage debate on the Supply (Budget) Bill 2027 on Thursday.

School safety, TVET direction among key issues in final day of Budget 2027 debate

The tech-heavy Nasdaq slid more than 1% on Thursday as growth stocks weakened after earnings from mega-caps Tesla and Meta failed to allay artificial intelligene (AI)-related concerns, with a recovery in oil prices further adding to market unease.

Nasdaq falls more than 1% on AI spending jitters

The Women, Family and Community Development Ministry (KPWKM) will reveal the findings of a study on bullying conducted through the National Population and Family Development Board (LPPKN) as early as this week or next week.

Bullying study findings to be revealed soon — Nancy Shukri 

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

Zetrix AI, RHB Bank, TSH Resources, RedPlanet, Aizo Group, BMS, Harbour-Link, Jati Tinggi, TNB, Kerjaya Prospek, Exsim Hospitality, Pavilion REIT and Foodie Media

Temasek Singapore president Png Chin Yee is set to join the board of CapitaLand Investment Ltd, while chairman Miguel Ko is retiring from the real estate asset manager.

Singapore’s CapitaLand adds Temasek executive to board

The Pentagon plans to buy at least 850 additional Lockheed Martin Corp F-35 fighter jets, in what would be the biggest contract in the programme’s quarter-century history that signals the stealth warplane will remain a major part of the US arsenal for many years.

US agrees to buy at least 850 more F-35 fighter jets from Lockheed 

The Ministry of Entrepreneur and Cooperatives Development (KUSKOP) has unveiled the SCALE Action Plan for 2027, outlining five strategic priorities to address long-standing structural challenges faced by micro, small and medium enterprises (MSMEs).

Minister Steven Sim said the action plan comprises five strategic priorities, which make up the acronym SCALE, namely S - SME Redefinition, C - Cash Flow Protection, A - AI for MSMEs, L - Local Content Requirement, and E - Easing MSME Financing.

SCALE Action Plan 2027 to tackle MSME structural challenges — Steven Sim

Global firms and governments rushed on Thursday to patch critical flaws in the PHP programming language that underpins much of the internet, as a cloud firm reported millions of hacking attempts after vulnerabilities were disclosed.

Millions of hacking attempts as companies, governments rush to patch PHP flaws

The number of Americans filing new claims for unemployment benefits dropped to near 57-year lows last week, pointing to low layoffs and labour market stability.

US weekly jobless claims near 57-year lows

The Federal Court has set Nov 5 to hear Muar Member of Parliament Syed Saddiq Syed Abdul Rahman's appeal, on whether the courts can adjudicate on policy matters, specifically on funds already earmarked for parliamentary constituencies.

Apex court sets Nov 5 to hear Syed Saddiq's bid to reinstate legal action over Muar constituency allocation

A financially-distressed Chinese property developer will sell its massive hotel complex in Hong Kong to Malaysia’s ParkCity Group for some RM1.4 billion.

Massive Hong Kong hotel complex to be sold to Malaysian developer for RM1.4 bil

Developers of a new US-backed undersea data cable linking Malaysia, Vietnam, Singapore and Thailand will this month select a cable supplier between Japan's and France's Alcatel Submarine Networks, a project executive told Reuters.

New US-backed data cable linking Malaysia to other Southeast Asian nations to pick NEC or Alcatel as supplier, developer says

The ban on the use of the Waze navigation app applies only to public servants carrying out official duties and does not extend to all Malaysians, a minister told the Dewan Rakyat on Thursday.

Waze ban applies only to public servants on official duties, says Gobind

The appellate court has unanimously ruled that the Inland Revenue Board (IRB) has to return tax collected on compensation from properties or land that are forcefully acquired by the authorities.

IRB must return tax collected on compensation from forcefully acquired property, says appellate court

Zetrix AI Bhd (KL:ZETRIX) said no payment default has occurred under its RM2 billion sukuk, as the trustee is scheduled to meet sukuk holders on Friday (Oct 23) to discuss a proposed resolution to a breach involving managing director Wong Thean Soon’s shareholding.

Zetrix AI sukuk holders to meet on Oct 23 to discuss covenant breach, no payment default yet 

Two former senior Lembaga Tabung Haji (TH) officials pleaded not guilty in the Sessions Court here on Thursday for cheating the board of directors in relation to hibah payments totalling RM3.3 billion for the 2017 financial year.

Ex-Tabung Haji CEO, CFO claim trial to cheating board to facilitate RM3.3 bil hibah payment

The Shah Alam High Court has dismissed a striking out application brought by developer Midlands City Sdn Bhd, in a suit brought by 24 purchasers for delays in procuring strata titles and a Certificate of Completion and Compliance (CCC).&nbsp;

High Court dismisses striking out application by Midlands City, orders full trial in suit brought by purchasers

TSH Resources Bhd (KL:TSH) has responded to queries from the Singapore Stock Exchange (SGX) over recent forest and peatland fires in Indonesia, denying that its plantation operations contributed to the transboundary haze.

TSH Resources responds to SGX queries over Indonesian fires, haze, denies operational links

Global firms and governments rushed on Thursday to patch critical flaws in the PHP programming language that underpins much of the internet, as a cloud firm reported millions of hacking attempts after vulnerabilities were disclosed.

KUALA LUMPUR (Oct 22): A former deputy religious affairs minister has urged the government to look into the financial health of Urusharta Jamaah Sdn Bhd (UJSB), the company set up by the government in 2018 to take over Tabung Haji's troubled assets.&nbsp;

Datuk Ahmad Marzuk Shaary (PN-P...

Former deputy religious affair minister wants scrutiny of UJSB's financial health, cite NexG disposal 

PUTRAJAYA (Oct 22): The Malaysian Highway Authority (LLM) and TuJu's developer are working to identify the cause of disruptions to the navigation app, restore system stability and increase its capacity to accommodate more users.

Malaysian Highway Authority, TuJu developer address app disruptions amid user surge

CYBERJAYA (Oct&nbsp;22): Civil servants who defy the immediate ban on navigation app Waze could face disciplinary action, National Security Council (MKN) director general Datuk Raja Nushirwan Zainal Abidin said.

Civil servants who defy Waze ban face disciplinary action — National Security Council

Perikatan Nasional gets to contest the Nov 14 Melaka election under its own banner after the High Court here on Thursday stayed its deregistration by the Registrar of Societies.

High Court stays PN deregistration, allowing bloc to contest Melaka polls   

CYBERJAYA (Oct 22): Malaysia’s home-grown navigation application TuJu has recorded more than 700,000 downloads to date, positioning it as an alternative to Waze and Google Maps.

TuJu navigation app records over 700,000 downloads

Foodie Media Bhd (KL:FOODIE) caps its first full financial year as an ACE Market company with a sharp rise in earnings, amid growing demand for digital content, influencer marketing and events.

Foodie Media rides digital advertising wave to cap FY2026 with 68% rise in net profit 

Perak has launched Kerian Industrial City (KIC), a 287-acre development in Dennistown with an estimated gross development value (GDV) of RM700 million.

Perak launches Kerian Industrial City with RM700m GDV, projects 12,000 jobs

A consortium led by Jati Tinggi Group Bhd (KL:JTGROUP) has secured a RM568.2 million contract from Tenaga Nasional Bhd (KL:TENAGA) for a transmission main intake substation in Paka, Terengganu.

Jati Tinggi-led consortium bags RM568.2 mil TNB contract in Terengganu 

Only a fraction of the hundreds of thousands of Malaysians travelling abroad annually register with the Foreign Ministry through its&nbsp;eKonsular application, making it harder to track them down in times of crisis.&nbsp;

Register via Foreign Ministry's eKonsular app when travelling abroad, says Tok Mat

Westports Holdings Bhd (KL:WPRTS) climbed on Thursday towards its highest in nearly two months as investors cheered a better-than-expected quarter at the port operator.&nbsp;