About 63%, or 114, of the 181 respondents in the Real Estate and Housing Developers’ Association Malaysia’s (Rehda) latest Property Industry Survey said they had no plans to launch residential projects in the second half of 2026, while the remaining respondents planned to unveil 18,696 units. The...

More than 60% of Rehda members hold off on 2H2026 residential launches

Mitraland Group is expanding its signature Quartz series by rolling out the third and largest collection so far: Bayou Quartz in Kota Bayuemas, Klang, Selangor, on Oct 10. 

Spanning 52 acres of freehold land, Bayou Quartz has a gross development value of RM800 million. It comprises...

Mitraland’s new 52-acre gem in Kota Bayuemas

For Johor-based BCB Bhd (KL:BCB), Johor’s next phase of growth is not about chasing the latest property cycle, but positioning its developments in the state’s evolving economic landscape.

According to executive director Lindy Tan, the developer sees opportunities emerging across differe...

Cover Story: BCB maps its next phase of growth across Johor

WM Senibong Bhd plans to unveil Centennial ParcVista in Johor in the first half of 2027, according to its CEO C K Quay.

Situated just across its existing development Crest@Austin in Johor Bahru, the site — spanning 959.7 acres of freehold land in Tebrau — was acquired from S P Setia Bhd...

WM Senibong’s strong cash position backs key launches, company in no rush to undertake IPO

For many Malaysians, reconnecting with nature can mean different things. It could be as simple as spending more time outdoors, learning where food comes from or taking a walk through a forest.

But beyond recreation, there are also ways of engaging with nature that involve conservation, ...

Reconnecting with nature through community engagement

The importance of proactive governance

As Budget 2027 approaches, property industry players are looking beyond measures to support homeownership, calling for broader reforms to address affordability, rising development costs, infrastructure, sustainability and urban regeneration. While continued support for buyers remains a common the...

Property players look beyond homeownership in Budget 2027 wish list

It was a scorching afternoon when Country Garden Pacificview Sdn Bhd (CGPV) executive director and chief of regional industrial business development Kevin Li and regional vice-president Syarul Izam Sarifudin arrived at The Edge’s office in Petaling Jaya, Selangor. The pair had flown in f...

Cover Story: Playing the long game at Forest City

Our cover story features Johor-based BCB Bhd (KL:BCB), who views Johor’s next phase of growth as not about chasing the latest property cycle, but positioning its developments in the state’s evolving economic landscape.

BCB maps its next phase of growth across Johor

On July 11, a new road was opened between Malaysia and Thailand connecting the Bukit Kayu Hitam ICQS (Immigration, Customs, Quarantine and Security) Complex in Kedah to the new Sadao CIQ (Customs, Immigration and Quarantine) Complex in Songkhla, in southern Thailand. Launched by Prime Minister Da...

Building a northern industrial ecosystem

Capital investment in technology is surging but workforce readiness remains a challenge, leaving enterprises short of the returns they expect.

Personalised upskilling key to job readiness

Not every photo needs to end up on a social media feed. Some are simply reminders of an ordinary day, whether it is a meal between classes, a funny moment with friends or a quick snapshot taken on the way home.

In response to the curated, polished feeds encouraged by mainstream social m...

Listicle: Apps for the moments you don’t post

Here’s a set of seven skills for you to consider cultivating to get and retain a job in the AI era

 

Human resources (HR) launches an artificial intelligence (AI) tool to analyse employee engagement. The AI reads 15,000 comments and p...

Econ 4.0: AI is here. Which skills matter more now?

Conversations around social entrepreneurship often focus on funding, but a bigger challenge for founders is moving from building businesses that look for customers to creating products and services that customers are actively looking for, says Ahmad Azuar Zainuddin, CEO of Satu Creative Services ...

Beyond Grants: Helping social enterprises build a stronger business case

IIMMPACT Sdn Bhd began in 2018 as a consumer app that allowed users to pay different bills through a single platform, but the business changed direction after struggling to retain customers as larger e-wallet operators expanded.

CEO and co-founder Alex Tan says fewer than 20% of users w...

Platform-as-a-service: IIMMPACT builds bill payment business after consumer app pivot

Alphaswift Industries Sdn Bhd is the only drone maker among the Malaysian companies given access to British chip architect Arm Holdings plc’s chip design technology, and it plans to design its own chip as it builds towards passenger flight.

The local drone industry has come a long way, ...

Cover Story: Betting on chip design for long climb to passenger flight 

Mall developers need to incorporate telecommunications infrastructure at the planning stage as growing demand for digital payments, artificial intelligence (AI) applications and 5G services puts greater pressure on indoor connectivity, says EdgePoint Towers Sdn Bhd.

Planning fibre pathw...

Infrastructure: Mall developers urged to plan early for 5G-ready connectivity

NEWS

Malaysia’s daily multimodal AI use to reach 43% by 2030

Malaysia’s daily use of multimodal artificial intelligence (AI) is projected to reach 43% by 2030, exceeding the global estimate of 30%, according to new research by Erics...

Bits + Bytes: A Miscellany Of Technology

The Sarawak Artificial Intelligence Centre (SAIC) and IBM Malaysia Sdn Bhd plan to establish the Sarawak Quantum Safe Centre, an innovation hub that will help organisations prepare for cybersecurity risks posed by advances in quantum computing.

SAIC, IBM plan Sarawak quantum-safe centre to address post-quantum cyber risks

KUALA LUMPUR (Sept 30): Consumer finance group Skyro has received approval from the Ministry of Housing and Local Government (KPKT) to conduct online moneylending in Malaysia, marking its second Southeast Asian market after the Philippines.

Philippines’ Skyro gets approval to offer online moneylending in Malaysia

KUALA LUMPUR (Oct 9): Lestari Cooling Energy Sdn Bhd, a joint venture between KJTS Group Bhd (KL) and infrastructure-focused investment firm Stonepeak Partners, aims to use its capital expenditure (capex) model to adopt new energy-efficient technologies as they become commercially viable.

...

Preparing district cooling systems for future technologies

KUALA LUMPUR (Oct 8): Malaysia’s ambition to transition towards a low-carbon, sustainable and green economy requires a whole-of-nation commitment, with the government, industries, financial institutions, research institutions, state governments and local communities playing their respective roles, said Deputy Prime Minister Datuk Amar Fadillah Yusof.

Whole-of-nation commitment needed to drive Malaysia’s green transition, says Fadillah

KUALA LUMPUR (Oct 8): Malaysia has made significant early headway in its energy transition journey, having reached a 33% renewable energy (RE) capacity mix by mid-2026, placing the nation comfortably within reach of its 35% target by 2030 and its ultimate goal of
70% by 2050.

Grid upgrades, green sukuk and bankability key to next phase of energy transition

The National Climate Change Bill (Ruupin) could be tabled during the current parliamentary sitting, subject to Cabinet approval, said Natural Resources and Environmental Sustainability Minister Datuk Seri Arthur Joseph Kurup.

Climate Change Bill could be tabled in current parliamentary sitting, says minister

The Malaysian Communication and Multimedia Commission (MCMC) has launched the Lestari: Sustainability Framework and Roadmap 2030 (SFR2030) for the sectors it oversees — telecommunications, broadcasting, and postal and courier.

MCMC launches Lestari roadmap to cut emissions and e-waste

PERAK (Sept 24): About 100 residents of Kampung Sat, an Orang Asli village in Sungkai, now have a reliable source of electricity for home lighting and mobile charging after 10 portable battery energy storage systems (BESS) were deployed to households on Sept 3.

Solar batteries bring power to Orang Asli village in Perak

KUALA LUMPUR (Sept 24): The Malaysian Constitution, shaped by the realities of 1957 and 1963, needs to be revisited if the government is to take greater responsibility for climate action today, said former natural resources and environmental sustainability minister Nik Nazmi Nik Ahmad.

Constitution must reflect today’s climate demands, says Nik Nazmi

The 30% Club has done something important: it put a number on the table. But I want to challenge the number itself. If women are competent, the right target is not 30%. It is 100%. Boardrooms are not Spartan battlegrounds where gender earns entry. They are environments that reward critical thinki...

Views: The case for moving beyond the 30% Club target

Climate scientists have rung the alarm bells: El Niño is underway, with a "super" El Niño developing in the coming months, bringing intensified drought, heatwaves and heavy rainfall. We’re already seeing the effects of it across the world. In Spain, Italy and France, sweltering summer temper...

Views: El Niño: Who is to blame?

Cutting carbon is particularly difficult for a chemical company because many of its products rely on fossil-based raw materials while lower-carbon alternatives often cost far more than buyers are prepared to pay.

That leaves companies with a few broad options, such as investing in activ...

Industry: Petrochemical companies decarbonisation journey still challenging

The Edge Billion Ringgit Club 2026

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The Edge Property Excellence Awards 2026

BNM governor Datuk Seri Abdul Rasheed Ghaffour indicates there is space to adjust interest rates as the Iran war keeps energy prices elevated. More in our quick round-up of some today’s biggest stories on theedgemalaysia.com.

E5: BNM governor signals room to act as inflation risks rise

Corporate Malaysia is already lining up at the starting blocks. We're proud to welcome Vistra Malaysia as a bronze sponsor of Bursa Bull Charge × The Edge KL Rat Race 2026. More organisations are invited to join this collective effort to champion PWD inclusion, education, and financial literacy. Sign up as a sponsor or register your team of runners today at www.bullchargeratrace.com.

Vistra Malaysia joins as bronze sponsor

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

YOUR DAY AHEAD: Oct 15, 2026

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

Zetrix AI, Bus Cap, Sunway, AWC, CTOS Digital, Kimlun Corp, CelcomDigi, Vestland, HeiTech Padu, Duopharma Biotech, Mycron Steel, HCK Capital, JAKS Resources, Citaglobal, PJBumi

The Nasdaq fell to near one-month lows on Thursday, weighed by a worsening sell-off in AI-linked stocks on fears rising interest rates could impact artificial-intelligence investments, and fresh data pointing to building US price pressures.

Nasdaq slides to near one-month low as AI rout deepens

Brent crude prices fell over 1% on Thursday as potential US steps to ease restrictions on Russia's "shadow fleet" tankers soothed price concerns, but attacks on ships in the Middle East and Ukrainian strikes on Russian energy infrastructure limited the decline.

Oil prices slips as US weighs easing sanctions on 'shadow fleet'

A witness who had filed a police report against the director and producer of the banned film “Mentega Terbang” in 2023 testified in court on Thursday that the movie had not shaken her faith as a Muslim despite having watched the movie in its entirety.

Witness says 'Mentega Terbang' did not lead her astray despite previously claiming the movie would lead Muslims to do so

Indonesian authorities said on Thursday they would consider offers of foreign assistance to tackle the country's biggest forest fires in over a decade after President Prabowo Subianto named new disaster management leaders.

The Southeast Asian nation is facing intense criticism as it struggles to control its most intense wildfires since 2015 after an El Niño-driven drought turned forests and land highly flammable.

Indonesia's new disaster mitigation chief plans to assess foreign aid to tackle wildfires

CelcomDigi Bhd (KL:CDB) said its wholly owned subsidiary, CelcomDigi Telecommunications Sdn Bhd, has accepted a spectrum award from the Malaysian Communications and Multimedia Commission (MCMC) worth RM381.75 million to strengthen its mobile network.

CelcomDigi pays RM382 mil for spectrum award to boost network capacity and coverage

Malaysian shares fell on Thursday as a four-day winning streak on the FBM KLCI ended amid renewed concerns over rising US interest rates.

Malaysia shares slip as US inflation worries, foreign selling end four-day win streak

A summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI closes down 0.25% to 1,623.70 on Oct 15, 2026, ending four-day winning streak

A three-member Court of Appeal bench on Thursday ruled that a commissioned lawyer and partner at a law firm is liable to pay the balance purchase price owed to a house-seller client, despite another partner of the law firm being responsible for the loss.

Appellate court rules commissioned partner considered a partner, liable to pay firm’s debt

CTOS Digital Bhd (KL:CTOS) reversed course toward new all-time low on Thursday as more analysts downgraded the digital services firm following a major cybersecurity incident.

CTOS Digital resumes descent to new all-time low with more analyst downgrades

A sharp sell-off in Asian tech stocks sent a chill through global equity markets on Thursday, as crowded bets on data centres and other key AI plays faced a reckoning from high and rising interest rates.

Tech sell-off gathers pace as chipmakers hammered

Former prime minister Datuk Seri Najib Razak will serve the remainder of his prison sentence for the SRC International Sdn Bhd case under home confinement at his residence in Langgak Duta, Kuala Lumpur, with his family, according to several Malay dailies.

Najib to serve remaining SRC jail sentence under home confinement at Langgak Duta, says Shafee — reports

The US is considering using its biggest non-nuclear bomb against Iran if President Donald Trump should decide to renew combat in the war that has hit a deadlock, CNN reported on Thursday.

US considering 'mother of all bombs' in Iran war — report

Federal funding to states should be driven by development needs and revenue capacity rather than political favouritism, an opposition MP urged on Thursday, calling for a transparent and formula-based allocation system.

State funding should reflect development gaps, not political ties, says Terengganu MB

Malaysia is considering hosting Formula One (F1) races once every few years, potentially in collaboration with other countries, following the recent Bahrain Grand Prix held at the Sepang circuit that generated nearly RM950 million in estimated economic returns.

Malaysia mulls F1 return after race generates RM950 mil in economic returns

Against a backdrop of global uncertainty, Malaysia is seen strengthening its position as a competitive and resilient investment destination.

Malaysia stays resilient as global investors seek new growth markets

From design to the finished device, a chip goes through four main stages. Global giants dominate each stage, but Bursa Malaysia–listed companies are strongest in assembly and test, and in the equipment, machined parts and automation segments that the entire chain depends on.

Where Malaysian players sit in the semiconductor value chain

At a time when artificial intelligence (AI) is advancing rapidly, the need for cybersecurity spending has also increased significantly. According to a global survey of about 300 cybersecurity leaders conducted by Boston Consulting Group (BCG) and released on Aug 27, cybersecurity spending is expected to continue to grow strongly, with more than 80% of respondents planning to increase their budgets through 2027.

Rising AI complexity fuels cybersecurity spending

KUALA LUMPUR (Oct 15): The Retirement Fund Incorporated's (KWAP) RM750 million allocation under Budget 2027 represents a planned commercial investment for Projek Vista Kampus across six selected universities, with the investment intended to generate sustainable long-term returns for the retiremen...

KWAP's RM750 mil campus project a planned commercial investment for long-term returns

Norway-registered SEA1 Offshore Rederi AS has ceased to be a substantial shareholder in loss-making Propel Global Bhd (KL:PGB), after disposing of 49.23 million shares in the oil and gas services group.

SEA1 Offshore ceases to be substantial shareholder in Propel Global

Philippine authorities said a politician from Marawi City in the country's southern island of Mindanao had allegedly chartered the Malaysia-based private jet involved in a bid to fly over half a tonne of meth from Laos to the Philippines, Bernama reports.

Mindanao politician funded private jet in Laos drug bust, say Philippine authorities

A total of 13,743.15 tonnes of vehicle battery waste classified under scheduled waste code SW103 were generated nationwide between 2021 and 2025, according to the Ministry of Natural Resources and Environmental Sustainability (NRES).

A total of 13,743 tonnes of battery waste generated nationwide from 2021 to 2025

Malaysia is stepping up efforts to achieve its US$30 billion bilateral trade target with Thailand in 2027 through improved border infrastructure, cross-border financing and trade facilitation measures under Budget 2027, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Amir Hamzah said bilateral trade reached RM85.08 billion in the first seven months of 2026, compared with RM66.95 billion in the same period last year, while trade along the Bukit Kayu Hitam-Sadao corridor totalled RM27 billion in the first half of this year.

Malaysia steps up efforts to achieve US$30 bil trade target with Thailand

Malaysia should continue fiscal consolidation, broaden its tax base and improve subsidy targeting to strengthen its resilience to future economic shocks, according to the International Monetary Fund (IMF).

IMF Asia and Pacific Department director Krishna Srinivasan said Malaysia and Brunei were the two Asean countries exporting energy and benefiting from the recent energy shocks.

Malaysia should broaden tax base, improve subsidy targeting to withstand future shocks — IMF

Of the 19 Bursa Malaysia-listed firms dropped by audit firm TGS TW PLT last month, 13 have since announced replacements, with interior design outfit Adnex Group Bhd (KL:ADNEX) being the latest to fill the vacancy.

Thirteen of 19 firms dropped by TGS TW have named replacements; most opted for Kudos SBC

The government believes that existing laws are sufficient to deal with offences involving race, religion and the royal institution (3R), said National Unity Minister Datuk Aaron Ago Dagang.

Focus on enforcement as existing laws sufficient to address 3R issues — minister

Malaysia will continue to use diplomatic channels and Asean mechanisms to address the transboundary haze issue with Indonesia through a phased approach that prioritises its people's interests and health, without jeopardising bilateral relations, said Foreign Minister Datuk Seri Mohamad Hasan.

Malaysia has no plans to take legal action or issue diplomatic note over haze — Mohamad Hasan

Diversified group PJBumi Bhd (KL:PJBUMI) is proposing the private placement of up 10% of its shares to raise RM31.1 million for existing and future contracts.

PJBumi moots RM31m private placement a week after share-split nod 

Trump's tariffs: Why the inflation shock never came

Maisons such as Vacheron Constantin and Patek Philippe are stepping beyond their traditional vocabulary to appropriate the savoir faire of haute couture.

Luxury watchmakers are taking cues from the world of bespoke tailoring

With fashion waste at an all-time high, the label is spearheading ways of designing and using the clothes we wear.

Swiss bag maker Qwstion drives new sustainable standards with banana fibre-based textile

These curated retail spaces in Kenya, Malaysia and Thailand offer abundant selections of treasures from their local creative communities.

Multibrand stores from around the world to shop for artisanal crafts and goodies

The family-run atelier celebrates its centenary next year, carrying on its traditional artisanship in the age of mass production.

Saint-Tropez's Atelier Rondini sandals are the ultimate French Riviera souvenir

The maison unveiled five new Vintage Alhambra and Magic Alhambra creations.

Van Cleef & Arpels reimagines its legendary Alhambra collection in pink enamel

KUALA LUMPUR (Oct 6): Two additional general partners (GPs) have been named in Jelawang Capital Sdn Bhd’s inaugural 2025 Emerging Fund Managers’ Programme (EMP) cohort, more than 15 months after the first three were announced.

Two more firms named in Jelawang’s inaugural Emerging Fund Managers’ Programme cohort

KUALA LUMPUR (Oct 6): Malaysia needs to ensure the investments it attracts translate into deeper local supply chains, higher-value jobs and greater participation by domestic companies, said UOB Malaysia CEO Datuk Ng Wei Wei.

Malaysia needs to turn foreign investment into stronger local supply chains

For much of the past two years, investors have asked when the US Federal Reserve would start cutting interest rates. After Jackson Hole, a gathering of central bankers, a more important question has emerged: are markets prepared for rates to remain higher for longer?

The message from Ja...

Pitfalls & Pitch Calls: Rate uncertainty and your portfolio

There is a peculiar feature of modern wealth. Some of the biggest things we aspire to own make surprisingly little financial sense. Take a car. In a city where ride-hailing is readily available, the mathematics of ownership can be difficult to justify once you add the purchase price, depreciation...

Wealth, by Design: Lifestyle tax: The price of the life we choose

Income funds took the spotlight for the third consecutive month. Five of the seven new funds launched from mid-August to mid-September were income or income-related funds, according to the Federation of Investment Managers Malaysia.

The seven funds were AHAM Shariah Gold Tracker Ringgit...

Funds: Seven funds launched from mid-August to mid-September

Tokenisation, the act of representing an asset or claim as a token on a distributed ledger or blockchain, has remained under the radar among local financial institutions. Until recently.

The catalyst, market observers say, came from Bank Negara Malaysia, when it launched the Digital Ass...

Cover Story: Banks shift tokenisation into higher gear

Transitioning from the entertainment industry to the food and beverage (F&B) sector is not easy, but when comedian Ajak Shiro heard his child express a desire to start a fried chicken business, he thought of making the idea a reality.

Ajak, whose real name is Mohd Hanaffi Razak, loo...

Private Deal: Celebrity-founded nasi padang restaurant chain Bumbu Babah aims to raise RM20 mil

Two veterans of Malaysia’s start-up and investment ecosystem — entrepreneur and investor Sivapalan Vivekarajah and former Pitch Platforms Sdn Bhd (pitchIN) chief operating officer Xelia Tong — are launching a RM50 million debut venture fund.

Main Market-listed automotive replacement-par...

Venture Capital: Cypress Asia launches RM50 mil debut venture fund with New Hoong Fatt as anchor investor

Halogen Capital, the country’s first licensed digital asset fund manager, is in the process of launching Malaysia’s first digital currency exchange-traded fund (ETF).

Its founder and CEO Hann Liew says the firm is preparing a shariah-compliant Bitcoin ETF, potentially giving millions of...

TheWall: Halogen aims to go mainstream with ETF, starting with digital assets

KUALA LUMPUR (Sept 25): Khazanah Nasional Bhd’s venture capital fund-of-funds, Jelawang Capital Sdn Bhd, has appointed Howard Soh as CEO, effective Oct 1.

Soh’s appointment comes about 15 months after former CEO Bryan Lim left Jelawang and its parent, Khazanah, at the end of June 2025, ...

Jelawang Capital appoints new CEO Howard Soh after long vacancy

THE situation at Zetrix AI Bhd (KL:ZETRIX) appears to be deteriorating, with more issues emerging. Late last Friday (Oct 2), Zetrix and its wholly-owned unit MyEG Sdn Bhd had their roles as collection agents for the Road Transport Department (JPJ) suspended, effective from 12.01am on Oct 5.
...

Cover Story 2: Heading deeper into the woods

IN September 2022, CGS International Securities Sdn Bhd (then CGS CIMB) granted a RM60 million margin trading account facility to Wong Thean Soon, co-founder and largest shareholder of MyEG Services Bhd, now known as Zetrix AI Bhd (KL:ZETRIX).

The facility came with a price cap on Zetri...

Cover Story 2: Insights into margin calls on Zetrix’s Wong

IN a rare move, Excel Force MSC Bhd ­(KL:­EFORCE) (EForce) has proposed to raise funds of up to RM10.66 million through the issuance of new shares.

According to the company, which last implemented a share placement to raise funds in 2010, the proceeds are required for working capital be...

Cover Story 2: Where did Excel Force’s RM26.6 mil go?

A real estate investment trust (REIT) is often seen as the ultimate destination for property developers to unlock the value of assets they have developed.

Datuk Seri Azmir Merican, group managing director and CEO of Sime Darby Property Bhd (SDP) (KL:SIMEPROP), however, is of the opinion...

Cover Story: Driving growth in an unconventional way

DATUK Seri Azmir Merican, group managing director and CEO of Sime Darby Property Bhd (SDP), is steering the country’s largest developer by land bank away from the traditional develop-and-sell model to become a diversified real estate group.

SDP is sweating its land bank, maximising retu...

Cover Story: ‘We went against the grain’

Five years ago, Sime Darby Property Bhd (KL:SIMEPROP) (SDP) was still predominantly a township developer whose earnings depended largely on building properties, selling them and moving on to the next parcel of land.

Most of these were landed homes.

Today, while property develo...

Cover Story: Reworking the developer model

The 1944 Bretton Woods (BW) conference accepted the US’ demand to use the dollar to settle international financial transactions. This arrangement would require a US balance-of-payments deficit to issue enough dollars.

But every dollar abroad was, in principle, a claim on US monetary gol...

My Say: The dollar-gold standard’s lingering demise

The Vistage CEO Confidence Index climbed 9.9 points, or 12.7%, from the previous quarter to 88.1 in the third-quarter survey, which closed in September 2026. This is the second consecutive quarterly increase since confidence fell to 72.1 in 1Q2026, and the index is now at its highest since 4Q2025...

3Q2026 Vistage CEO Confidence Index: Confidence rebounds for a second straight quarter 

The International Energy Agency said that members agreed to complete the release of 100 million barrels of oil that are still outstanding from an intervention in March aimed at calming global markets.

IEA agrees to release of outstanding 100 mil barrels of oil

Indonesia has begun using dry ice to disperse thick haze caused by forest fires in South Sumatra by deploying 1,600 kilogrammes in an experimental weather modification operation on Thursday.

National Disaster Management Agency (BNPB) Disaster Data, Information and Communication Centre acting head Berton Panjaitan said the operation involved two flights, each carrying 800 kilogrammes of dry ice, targeting areas surrounding Sultan Mahmud Badaruddin II International Airport in Palembang

Indonesia deploys dry ice to disperse haze in South Sumatra

Richemont, the owner of Cartier, is in talks to join a consortium bidding for diamond miner De Beers, which is being sold by Anglo American and is valued at about US$1 billion (RM4.1 billion), a person familiar with the matter said on Thursday.

Cartier-owner Richemont in talks to join De Beers bid — Reuters

US producer prices increased by the most in 4-1/2 years in September amid rising costs for goods and services, the latest indication of inflation broadening out beyond energy products.

US producer prices post largest increase in 4-1/2 years in September

The World Economic Forum could appoint Christine Lagarde as its next chair as soon as next month, four people close to the organisation told Reuters, meaning she would step down early as European Central Bank chief and trigger a wider reshuffle at the top of the ECB.

WEF could appoint Lagarde as early as November — Reuters

British finance minister John Healey said banks were central to the country's economic future on Thursday when pressed by reporters about the likelihood of a windfall tax on their bumper profits in his first budget on Oct 28.

UK's Healey says banks are key to economy but keeps tax options open

US retail sales increased more than expected in September, boosted by higher gasoline prices, but spending elsewhere was moderate, which could temper economists' expectations for another quarter of robust consumer spending growth.

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