A generation of investors grew up believing that Genting Bhd (KL:GENTING) was a cash-generating machine where nothing can go wrong even during the worst of times.

Genting loses its lustre

Chinese chipmaker CXMT Corp reported a surge in preliminary profit and sales during the first nine months of the year after global demand for memory sent prices of the components soaring.

China’s CXMT swings to profit after memory chip prices surge

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

Zetrix AI, Genting, Genting Plantation, IOI Properties, Public Bank, RHB Bank, Cape EMS, Turiya, EGH International, Westsports Holdings & Cosmos Tech 

ExxonMobil Holdings Corp is the latest oil supermajor to signal soaring third-quarter refining profits as wars in the Persian Gulf and Russia crippled fuel-making facilities causing prices to surge.

Exxon signals record refining earnings on soaring diesel prices 

IOI Properties Group Bhd (KL:IOIPG) said its board has yet to deliberate on the potential acquisition of Singapore properties mentioned by its chief executive officer in a media report.

IOI Properties board yet to deliberate on potential Singapore acquisitions

Shipping estimates for Apple Inc’s first folding phone, the iPhone Duo, slipped into December and beyond within minutes of the company opening pre-orders on Friday.

Apple iPhone Duo orders slip into 2027 amid pre-order frenzy

The benchmark S&P 500 was muted on Friday as worries about cracks in the AI trade pressured semiconductor stocks, while gains in banks limited overall declines.

S&P 500 subdued as gains in banks offset AI jitters; Dow at one-month high

Ukrainian President Volodymyr Zelenskiy took aim on Friday at US President Donald Trump's diesel deal with Russia and welcomed the prospect of European allies stepping up their role in talks, calling Moscow's stance a "parody" of peace negotiations.

Zelenskiy blasts Trump's diesel deal and calls Russian peace moves a 'parody'

Parti Amanah Negara (Amanah) president Datuk Seri Mohamad Sabu stated that the party has been allocated eight state legislative assembly (DUN) seats to contest in the Melaka state election (PRN).

Amanah allocated eight seats in Melaka polls — Mohamad Sabu

The US is on track to install record amounts of clean energy this year and next as developers race to claim expiring federal tax credits and as soaring data-centre electricity demand stimulates growth.

US clean energy set to reach new highs as tax-credit cliff looms

Bank Negara Malaysia (BNM) has maintained additional capital buffer requirements for the country’s three biggest banks: Malayan Banking Bhd (KL:MAYBANK), CIMB Group Holdings Bhd (KL:CIMB) and Public Bank Bhd (KL:PPBANK).

Bank Negara keeps Maybank, CIMB and Public Bank on systemically important banks list, with capital buffers unchanged

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

Zetrix AI Bhd (KL:ZETRIX) faces potential sukuk payment obligations of RM2.16 billion if it fails to resolve a covenant breach by Oct 22, which could trigger a payment default.

Zetrix on the hook for RM2.16 bil as sukuk holders sound alarm bell  

Public Bank Bhd (KL:PBBANK) could see its consolidated net assets and earnings per share reduced by four sen, following an expected HK$1.964 billion — or about RM1.1 billion — goodwill impairment at its Hong Kong-listed subsidiary, Public Financial Holdings Ltd (PFHL).

Public Bank’s HK unit to take HK$1.9b non-cash impairment, trimming parent’s net assets and earnings by four sen per share

Chinese chipmaker CXMT Corp reported a surge in preliminary profit and sales during the first nine months of the year after global demand for memory sent prices of the components soaring.

IOI Properties Group Bhd (KL:IOIPG) said its board has yet to deliberate on the potential acquisition of Singapore properties mentioned by its chief executive officer in a media report.

Shipping estimates for Apple Inc’s first folding phone, the iPhone Duo, slipped into December and beyond within minutes of the company opening pre-orders on Friday.

The benchmark S&amp;P 500 was muted on Friday as worries about cracks in the AI trade pressured semiconductor stocks, while gains in banks limited overall declines.

Electronics contract manufacturer Cape EMS Bhd (KL:CAPE) is collaborating with Taiwan-listed FIC Global Inc (FICG) to serve as its strategic partner in the latter’s optical transceivers manufacturing expansion in Johor.

Cape EMS partner FIC Global unit for Johor expansion, proposes RM50 mil RCPS issuance

The US is on track to install record amounts of clean energy this year and next as developers race to claim expiring federal tax credits and as soaring data-centre electricity demand stimulates growth.

ExxonMobil Holdings Corp is the latest oil supermajor to signal soaring third-quarter refining profits as wars in the Persian Gulf and Russia crippled fuel-making facilities causing prices to surge.

A weekly round-up of tanker and dry bulk market (Oct 16, 2026)

Baltic Exchange shipping updates: Oct 16, 2026

Parti Amanah Negara (Amanah) president Datuk Seri Mohamad Sabu stated that the party has been allocated eight state legislative assembly (DUN) seats to contest in the Melaka state election (PRN).

US factory production increased in September, but lost considerable momentum in the third quarter amid headwinds from the Middle East conflict, which has snarled supply chains and raised energy prices.

US manufacturing output rises in September

The head of the IMF on Friday appealed to global leaders to cooperate in the face of multiple economic risks, including rapid advances in AI and a prolonged war in the Middle East, as Washington hailed what it sees as US-led economic momentum.

IMF chief urges cooperation on AI and war risks, as US hails economic momentum

Bank of Japan (BOJ) governor Kazuo Ueda said he “can’t tolerate” underlying inflation rising further above 2%.

Ueda ‘can’t tolerate’ underlying inflation further over 2%

A generation of investors grew up believing that Genting Bhd (KL:GENTING) was a cash-generating machine where nothing can go wrong even during the worst of times.

（吉隆坡16日讯）Datuk Vijayasundaram Jeyabalan通过私下配售，认购Turiya Bhd（KL:TURIYA）2287万2000股或9.091%股权后，成为该公司第二大股东。