<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 25): Malaysian Resource Corp Bhd's (MRCB) rights issue has been oversubscribed by 7.37%.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, MRCB said it received a total valid acceptances and excess applications for 2.35 billion rights shares with 470.83 million rights warrants.</p></div>

<div class=newsTextDataWrapInner><p>This represented an oversubscription of 161.57 million rights shares with 32.31 million rights warrants or 7.37% of the offered shares, it added.<br />
&nbsp;<br />
In May, MRCB announced a renounceable rights issue exercise of up to 2.85 billion new shares of MRCB, together with up to 570.76 million free detachable warrants, on a one-for-five basis. The cash call would raise up to RM2.86 billion, which would be used to pare down its borrowings and to finance the refurbishment of the national sports complex in Bukit Jalil here.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>On Sept 20, MRCB had fixed the issue price for its rights shares at 79 sen apiece and the exercise price for the rights warrants at RM1.25 each.</p></div>

<div class=newsTextDataWrapInner><p>The rights shares with rights warrants are expected to be listed on the Main Market of Bursa Malaysia on Nov 3.</p></div>

<div class=newsTextDataWrapInner><p>MRCB shares closed 0.5 sen or 0.54% lower at 92.5 sen today, with 1.87 million shares done, bringing a market capitalisation of RM2.03 billion.</p></div>


KUALA LUMPUR (Oct 25): Malaysian Resource Corp Bhd's (MRCB) rights issue has been oversubscribed by 7.37%.

In a filing with Bursa Malaysia today, MRCB said it received a total valid acceptances and excess applications for 2.35 billion rights shares with 470.83 million rights warrants.

MRCB's rights issue oversubscribed by 7.37%

HANOI (Oct 8): Vietnam's government said its negotiations with the United States on a reciprocal trade agreement have largely been completed after seven rounds of talks since April 2025.

Vietnam says its trade deal negotiations with US are largely completed

SEOUL (Oct 8): South Korea and Egypt have upgraded their bilateral ties to a strategic partnership, President Lee Jae Myung said on Thursday in his opening remarks ahead of a summit with Egyptian President Abdel Fattah al-Sisi in Seoul.

South Korea, Egypt upgrade ties to strategic partnership, Lee says

Singapore bank shares extended declines for a second day after JPMorgan Chase & Co warned that surging long bond yields will hurt third-quarter earnings for Southeast Asian lenders.

Singapore bank stocks drop as high bond yields may hit earnings

(Oct 8): Japan’s 30-year government bond auction drew stronger demand than its 12-month average as elevated yields attracted investors.

Japan 30-year bond sale sees firmer demand than 12-month average

KUALA LUMPUR (Oct 8): Malaysia's stock market remains stable for now, supported by transparent government policies and a conducive environment that encourages foreign fund inflows, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

The stock market's current performance reflects th...

Amir Hamzah: Malaysia's stock market stability supported by transparent govt policies

(Oct 7): TikTok ran an experiment on thousands of users who tried to turn on a safety feature on the platform, giving them non-functional versions of the tool, according to allegations in New York’s lawsuit against the company unsealed on Wednesday.

TikTok gave teens, children placebo safety feature in experiment, New York alleges

The Federal Court on Thursday has granted permission for the Attorney General’s Chambers (AGC) and Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi to challenge the Court of Appeal’s decision earlier this year which allows the Malaysian Bar to challenge the Attorney General’s discretion to apply a no further action (NFA) order on Zahid.

Zahid, AGC get nod to challenge appellate decision allowing Bar’s challenge on Zahid’s NFA

KUALA LUMPUR (Oct 8): Lim Seong Hai Capital Bhd (KL:LSH) is planning to develop a new public square near KL Tower to improve access and attract more tourists, while also hoping to introduce a cable car connecting the landmark with other attractions in Kuala Lumpur.

Lim Seong Hai Capital proposes KL Tower Square, cable car linking key attractions

"It could only happen to City” was once the default response to any mishap befalling Manchester City. Back then, as a lovable calamity club, a 3-0 lead with 10 minutes left still had fans biting their fingernails. In those days, self-deprecatory humour was an essential survival tool, and the resp...

Business Of Sports: It had to happen, City — for the sake of football

As the ending of Western hegemony over the world becomes more undeniable, and the civilisational and ethical complexity of mankind shows itself to have survived, the question on most minds is, “What will take its place?”

Instead of simply identifying which new players will take what pos...

Picking On The Present: Broadening mankind’s self-image to build a multilateralist world

<p>Zetrix AI Bhd (KL:ZETRIX) has confirmed that it owes the Road Transport Department (JPJ) RM314 million in unremitted collections between May and September 2026, and said the liability has been recognised as a payable on its balance sheet.</p>


Zetrix AI confirms RM314m JPJ arrears after Bursa demands direct answer

<p>No bidders turned up at an auction for a six-acre land that the Penang state government intends to sell to raise funds for the long-delayed Ayer Itam road bypass project.</p>


Penang state land auction draws a blank, sources say

<p>Just south of Penang, the historic trading island off Malaysia’s northwest coast, excavators are turning a stretch of blue-green sea into a new, man-made island. Dump trucks crisscross freshly reclaimed sand as orange pipes snake across the emerging land mass, carrying fill pumped from dredgers offshore.</p>


Malaysia builds a new ‘Silicon Island’ to house its AI ambitions

<p>In recent times, it is not politicians, but bond vigilantes, who hold the most power over the global economy. In 2022, then-newly minted UK Prime Minister Liz Truss presided over a meltdown in the UK government bond market after her government announced sweeping tax cuts without any corresponding spending adjustments.</p>


We have to thank the bond markets for telling the truth: Tharman

<p>Singapore bank shares extended declines for a second day after JPMorgan Chase &amp; Co warned that surging long bond yields will hurt third-quarter earnings for Southeast Asian lenders.</p>


<p>KUALA LUMPUR (Oct 8): Lim Seong Hai Capital Bhd (KL:LSH) opened higher in its first day on the Main Market following the construction firm’s transfer from ACE Market.&nbsp;</p>


Lim Seong Hai Capital opens higher on Main Market following listing transfer

<p>Analysts see the recent weakness in crude palm oil (CPO) prices as a buying opportunity for plantation stocks ahead of a potential supply tightening in 2027.</p>


Buy plantation stocks on CPO dip, analysts say, ahead of tighter supply next year

<p>Malaysian semiconductor firm SQ Advanced Interconnect Bhd is considering raising about RM300 million in an initial public offering (IPO) in the first quarter of 2027, people familiar with the matter said.&nbsp;</p>


Semicon firm SQ Advanced Interconnect plans RM300 mil IPO in early 2027 — Bloomberg

<p>SYDNEY (Oct 8): Asian shares slipped on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding.</p>


Asia shares subdued, bonds swamped by AI debt wave

<p>The Federal Court on Thursday has granted permission for the Attorney General’s Chambers (AGC) and Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi to challenge the Court of Appeal’s decision earlier this year which allows the Malaysian Bar to challenge the Attorney General’s discretion to apply a no further action (NFA) order on Zahid.</p>


<p>NEW YORK (Oct 8): Oil prices rose on Thursday on persistent worries about supply from the key Middle East producing region amid an increase in attacks on shipping in the Gulf and the Strait of Hormuz.</p>


Oil rises as Middle East supply concerns persist amid shipping attacks

<p>SEOUL (Oct 8): Samsung Electronics on Thursday projected its quarterly profit would top 100 trillion won, a world first for a technology company, estimating a nearly nine-fold jump in third-quarter earnings as booming demand for AI chips drove strong memory sales.</p>


Samsung flags US$80 bil profit on AI boom, highest quarterly for any tech company

<p>KUALA LUMPUR (Oct 8): Lim Seong Hai Capital Bhd (KL:LSH) is planning to develop a new public square near KL Tower to improve access and attract more tourists, while also hoping to introduce a cable car connecting the landmark with other attractions in Kuala Lumpur.</p>


<p>KUALA LUMPUR (Oct 8): Limited water supply headroom in Selangor could affect the timing of new data centre investments and temporarily moderate construction awards in 2027, according to BIMB Securities Research.</p>


Selangor water constraints may slow 2027 data centre construction awards — BIMB Securities

<p>A record-breaking run in stocks hit a wall as still-elevated oil prices stoked concerns that potential inflationary pressures could trigger Federal Reserve interest-rate hikes.</p>


US stocks fall from all-time highs on inflation worry

<p>Here's a heads up on what to look out for today.</p>


YOUR DAY AHEAD: Oct 8, 2026 

<p>India’s central bank raised interest rates for the first time in nearly four years and signaled further hikes may be on the table as accelerating inflation and a weakening currency drive a policy pivot.&nbsp;</p>


RBI signals further rate hikes as price pressures intensify

<p>KUALA LUMPUR (Oct 8): A total of 38 areas recorded Air Pollutant Index (API) readings at an unhealthy level as of 9am on Thursday.</p>


Haze: 38 areas record unhealthy API as of 9am

<p>KUALA LUMPUR (Oct 8): Malaysia's stock market remains stable for now, supported by transparent government policies and a conducive environment that encourages foreign fund inflows, said Finance Minister II Datuk Seri Amir Hamzah Azizan.</p>

<p>The stock market's current performance reflects th...

<p>(Oct 8):&nbsp;Australian data centre company Firmus Grid Ltd&nbsp;closed the books on its struggling initial public offering (IPO) as investors grew increasingly concerned that the deal could be pulled, according to people familiar with the information.</p>
