This young man quit his cushy job as a geologist – today he makes millions selling hair pomade.</div><div class=inPageAd id=div-gpt-ad-inpage>

UPSTART: Turning RM15k into a multi-million-ringgit business

SD Guthrie Bhd (KL:SDG) has set its sights on delivering higher shareholder returns, with its new president and group chief executive officer Mohd Haris Mohd Arshad tasked with building on the foundations laid by his predecessor.

On a mission to drive higher returns

Reddit Inc had its biggest share drop since its 2024 initial public offering (IPO), after saying it is planning to limit access to its online forums.

Reddit plunges 25% on plan to limit access, sales outlook miss

The Nasdaq fell to its lowest in nearly three months on Friday after Amazon's aggressive artificial intelligence (AI) spending plans and Intel's cash-burn warning heightened concerns over soaring AI buildout costs and the timeline for returns.

Nasdaq hits near three-month low as Amazon, Intel rattle AI trade

French President Emmanuel Macron is expected to visit Malaysia on Nov 16-17, said Deputy Investment, Trade and Industry Minister Sim Tze Tzin.

French president Macron to visit Malaysia on Nov 16-17

A decision regarding the Confidence and Supply Agreement (CSA) between the Selangor state government and Parti Pribumi Bersatu Malaysia (Bersatu) is expected to be announced in the near future once all negotiation details are finalised.

Decision regarding CSA between Selangor state govt and Bersatu in final stage — Amirudin

The new assignment of Datuk Seri Mohd Shuhaily Mohd Zain in the Royal Malaysian Police (PDRM) will only be determined after obtaining the consent of His Majesty, Sultan Ibrahim, King of Malaysia to allow his tenure as Malaysian Border Control and Protection Agency (AKPS) director-general to be ended prematurely.

Status of Mohd Shuhaily’s new assignment in PDRM yet to be decided — IGP

DAP aims to defend the four seats it currently holds in the 16th Melaka state election, namely Kesidang, Kota Laksamana, Bandar Hilir and Ayer Keroh.

Melaka polls: DAP vies to hold on to four existing seats

A weekly round-up of tanker and dry bulk market (Oct 30, 2026)

Baltic Exchange shipping updates: Oct 30, 2026

Treasuries gained on Friday, sending yields to their lowest levels in a month, as slumping shares of giant technology companies stoked demand for havens including US government debt.

Treasuries extend monthly advance as tech giants stumble

Indonesia's swipes at its neighbours are set to last as its embattled government tries to blunt criticism of its handling of welfare programmes, market regulation and persistent wildfires that have choked the region in haze.

Singapore braces as Indonesia slaps back at neighbours amid haze, political woes

A brief recap of some business news and corporate announcements that made the headlines on Friday.

Zetrix AI, Cuscapi, CelcomDigi, UEM Sunrise, AME Elite, Mi Technovation, Mega Fortris, GIIB, Ni Hsin, IGB REIT, IGB Commercial REIT, SkyeChip, Malakoff, Avillion, Mestron, HB Global, MAA Group, Kumpulan Jetson, Advance Information Marketing, Lianson Fleet

The High Court here on Friday ruled that a joint management body (JMB) cannot impose a blanket ban on keeping pets in private residential units through its house rules.&nbsp;

In a statement, lawyers Rajesh Nagarajan and Sachpreetraj Singh Sohanpal, who represented former national hurdler Noraseela Mohd Khalid, said the court partially allowed her application against the JMB of Shang Villa Condominium, declaring that House Rule 9.0 could not be used to prohibit her from keeping her three cats in her residential unit.

High Court rules Joint Management Body cannot impose blanket ban on keeping pets in private units

Mega Fortris Bhd (KL:MEGAFB) said its major shareholders had obtained a court order seeking details of March share transactions involving one particular shareholder, in response to a Bursa Malaysia query over a two-day sell-off that wiped out more than RM1 billion in market value.

Mega Fortris says major shareholders obtained court order to probe March share trades in response to UMA query 

The Nasdaq fell to its lowest in nearly three months on Friday after Amazon's aggressive artificial intelligence (AI) spending plans and Intel's cash-burn warning heightened concerns over soaring AI buildout costs and the timeline for returns.

Malaysia will continue strengthening its military capabilities in Sabah to safeguard national security amid regional geopolitical developments, but the move is not a direct response to the Philippines' military build-up on Balabac Island, said Defence Minister Datuk Seri Mohamed Khaled Nordin.

Malaysia's defence strengthening in Sabah not in response to military build-up by Philippines — Khaled

Winnability and a thorough assessment on the ground were the key considerations behind Barisan Nasional (BN) and Perikatan Nasional (PN) agreeing to allocate two additional seats to MCA for the Melaka state election, Melaka BN chairman Datuk Seri Dr Ab Rauf Yusoh said.&nbsp;

Melaka polls: MCA to contest four seats instead of just two due to winnability, says Ab Rauf

Pakatan Harapan (PH) is targeting victory in 18 of the 24 seats it will contest in the Melaka state election, including retaining the five seats it previously won.

Melaka polls: PH targets victory in 18 of 24 seats

Indonesia's swipes at its neighbours are set to last as its embattled government tries to blunt criticism of its handling of welfare programmes, market regulation and persistent wildfires that have choked the region in haze.

Treasuries gained on Friday, sending yields to their lowest levels in a month, as slumping shares of giant technology companies stoked demand for havens including US government debt.&nbsp;

Reddit Inc had its biggest share drop since its 2024 initial public offering (IPO), after saying it is planning to limit access to its online forums.

The new assignment of Datuk Seri Mohd Shuhaily Mohd Zain in the Royal Malaysian Police (PDRM) will only be determined after obtaining the consent of His Majesty, Sultan Ibrahim, King of Malaysia to allow his tenure as Malaysian Border Control and Protection Agency (AKPS) director-general to be ended prematurely.

Kumpulan Jetson Bhd (KL:JETSON) has received a qualified audit opinion for its financial period ended June 30, 2026, as auditors could not verify certain figures &nbsp; after a fire destroyed the financial records of a former subsidiary.

Auditor issues qualified opinion on Kumpulan Jetson due to ex-unit's torched financial records

French President Emmanuel Macron is expected to visit Malaysia on Nov 16-17, said Deputy Investment, Trade and Industry Minister Sim Tze Tzin.

Advance Information Marketing Bhd (KL:AIM) has been flagged by its external auditors again over its ability to continue operating, as the company remains loss-making for the 11th straight year and its liabilities exceed its assets.

Auditors again doubt Advance Information Marketing's ability to survive

DAP aims to defend the four seats it currently holds in the 16th Melaka state election, namely Kesidang, Kota Laksamana, Bandar Hilir and Ayer Keroh.

A decision regarding the Confidence and Supply Agreement (CSA) between the Selangor state government and Parti Pribumi Bersatu Malaysia (Bersatu) is expected to be announced in the near future once all negotiation details are finalised.

A weekly round-up of tanker and dry bulk market (Oct 30, 2026)

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US labour cost growth held steady in the third quarter, suggesting that the job market is not contributing to broader inflationary pressures.

US employment cost growth stable, stays below inflation

The euro-area economy grew at twice the pace analysts predicted, despite an unexpected slump in France and headwinds including elevated inflation and the selloff in bond markets.

Eurozone 3Q growth beats estimates despite slump in France

The process of disbursing Social Security Organisation (Perkeso) payments to the next of kin of Malaysians who perished in the Nepal-Tibet flood tragedy is expected to be expedited, with payments scheduled for Nov 4, according to Malaysia Solidarity Families in Hope (MASFIH).&nbsp;