<div class=newsTextDataWrapInner>KUALA LUMPUR (Nov 1): Pusaka Capital Group’s wholly-owned subsidiary Pusaka Integrated Resources Sdn Bhd has acquired the Bintulu liquefied petroleum gas (LPG) terminal from Petronas Dagangan Bhd, the&nbsp;Borneo Post reported on Tuesday (Nov 1).</div>

<div class=newsTextDataWrapInner>“The sale and purchase agreement was signed by both parties in a signing ceremony held at Dewan Seminar, Sarawak Timber Industry Development Corporation (STIDC) and witnessed by Deputy Premier of Sarawak&nbsp;Datuk Amar Awang Tengah Ali Hasan,” the Borneo Post reported without specifying the value of the transaction.</div>
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KUALA LUMPUR (Nov 1): Pusaka Capital Group’s wholly-owned subsidiary Pusaka Integrated Resources Sdn Bhd has acquired the Bintulu liquefied petroleum gas (LPG) terminal from Petronas Dagangan Bhd, Borneo Post reported on Tuesday (Nov 1).

Petronas Dagangan sells Bintulu LPG terminal to Pusaka

The political stability currently enjoyed by the country allows the government to implement necessary changes to enhance well-being and revive the national economy, says Datuk Seri Anwar Ibrahim.

Political stability enables necessary changes, key to economic recovery — Anwar

Prime Minister Datuk Seri Anwar Ibrahim on Wednesday held a bilateral meeting with his Timor-Leste counterpart, Xanana Gusmao.

Among the matters discussed during the meeting at the National Convention Centre (NCC) was Timor-Leste's application for full membership in the Asean bloc.

Timor-Leste's Asean membership application discussed in bilateral meeting between Anwar, Xanana

Even with markets rallying for months, the pace of traditional initial public offerings (IPOs) is behind what bankers expected. JPMorgan Chase & Co chief executive officer Jamie Dimon called the lack of deals “odd” before blaming costs and red tape.

Wall Street’s SPAC machine picks up despite ‘odd’ lack of IPOs

A push into metals trading by several giants of the energy markets has spurred a hiring spree and driven up salaries, with some senior executives saying they’ve never seen such a frenzied competition.

Metal trader hiring frenzy sends bonuses soaring

Long after the winds subside and the hard work of rebuilding begins, scientists responsible for predicting hurricanes will continue to replay Hurricane Milton over and over again. They’ll focus on how they failed to predict Milton’s sudden strengthening.

Hurricane Milton has reshaped storm science even before making landfall

Aircraft delivery delays at Boeing Co and its European rival Airbus SE are forcing some carriers to furlough crews and review expansion plans, according to the head of airline industry’s main lobby group.

Aircraft delays force airlines to furlough crew, says IATA head 

BMC Software, a KKR & Co-owned technology provider for businesses, is breaking up into two standalone companies.

KKR-owned BMC to separate into two private software companies

Two right-wing former ministers will go head-to-head to win votes from members of the Conservative Party and become its next leader after making it through to the final round of a contest set to shape the future of Britain's once dominant party.

Two right-wing former ministers left in race to be UK Conservative leader

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

Sapura Resources, HeiTech Padu, Guan Chong, Berjaya Food, Petron, Tropicana, SkyWorld, Kumpulan Kitakon, S P Setia, Ecomate, SWS Capital,  LBS Bina, Solarvest and Atlan 

The main indexes were mixed in choppy trading on Wednesday as investors awaited the minutes of the Federal Reserve's (Fed) latest meeting, while Alphabet shares dipped after the US said it was considering breaking up Google.

Wall Street mixed with Fed minutes, inflation data in focus

(Oct 9):&nbsp;MMC Port Holdings Sdn Bhd is considering an initial public offering (IPO) in Kuala Lumpur that could raise as much as RM7 billion (US$1.6 billion), people familiar with the matter said, which would make it the biggest in Malaysia in more than a decade.

MMC Port said to weigh biggest Malaysian IPO in over a decade — Bloomberg

Shares of Capital A Bhd (KL: CAPITALA), which have gained 46% from its two-year low since its aviation business sale announcement in April, continued to see trading interest days ahead of the shareholders' meeting to approve the deal.

Capital A, AAX shares see continued interest as EGM to approve airline biz deal looms

\Shares in MR DIY Group (M) Bhd (KL:MRDIY) continued their rally on Wednesday, adding approximately RM7 billion to its market capitalisation year-to-date, with analysts remaining bullish on the stock’s upside potential.

MR DIY adds RM7 bil to market cap year-to-date as rally continues

KUALA LUMPUR (Oct 9): Poultry stocks on Bursa Malaysia fell in active trade on Wednesday, after the government said it was considering removing subsidies for eggs.

Poultry stocks fall as govt considers ending egg subsidy

Fuel retailer Petron Malaysia Refining &amp; Marketing Bhd (KL:PETRONM) said on Wednesday that its Port Dickson refinery in Negeri Sembilan will undergo an eight-week maintenance shutdown for furnace repairs, according to a filing with Bursa Malaysia.

Petron Malaysia shuts down Port Dickson refinery for eight weeks for furnace repairs

Souqa Fintech Sdn Bhd is mulling to take legal action against HeiTech Padu Bhd (KL:HTPADU), following HeiTech’s decision to terminate a deal to subscribe to new shares in the fintech company.

Souqa Fintech mulls suing HeiTech over aborted stake buy, dismisses claims of no board approval

THE National Sustainability Reporting Framework (NSRF), launched last Tuesday, represents a huge step forward for Malaysia as it mandates sustainability reporting for large non-listed companies (NLCos) with annual revenue of RM2 billion and above for the first time.

Additionally, it ado...

More Malaysian firms now required to do sustainability reporting

Property developer Tropicana Corp Bhd (KL:TROP) has inked an agreement to dispose of 38.527 acres of freehold land in Johor to a data centre company for RM239.99 million, marking its second land sale for such development in the region this year.

Tropicana Corp sells another land in Johor to data centre operator for RM240 mil

Leader Energy Group Bhd, which operates power plants, said on Wednesday it has secured an investment of over US$100 million (RM429 million) from a China-backed private equity fund.

Leader Energy gets over US$100 mil investment from China-backed fund

Former prime minister Datuk Seri Najib Razak denied that funds to the tune of US$120 million, which ended up in his personal AmBank accounts, had originated from monies misappropriated from SRC International Sdn Bhd or Retirement Fund Incorporated (KWAP), and will leave it to his lawyers to show this.

Najib denies US$120m in his account originated from SRC, says lawyers will show documentary evidence

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

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

Sapura Resources Bhd (KL:SAPRES) is extending the leave of absence placed on its managing director Datuk Shahriman Shamsuddin for another month, according to sources.

Sapura Resources to extend managing director Shahriman’s leave of absence for another month — sources

Malaysia is set to transition away from coal power, with coal-fired generation being gradually phased out and no new coal plants in the pipeline, said Deputy Prime Minister Datuk Seri Fadillah Yusof.&nbsp;

Fadillah: No new coal power plants in Malaysia

<div class="ceonothumb pb-5 imgw-800 mx-auto d-block"><img alt="" src="//assets.theedgemarkets.com/Tan-Soo-Suan-returns_Thumb.jpg" />
<div class="thumb-cap">Tan returns from a hiatus to participate in the charity concert (Photo: Tan Soo Suan)</div>
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Magical 30 is a&nbsp;Malaysian Music...

Soprano Tan Soo Suan returns to the stage in Magical 30

A court bailiff had on Wednesday failed to implement a writ of seizure and sale granted by the Shah Alam High Court against Datuk Seri Jamal Md Yunos at his Ampang Jaya home over unpaid costs of RM50,000 following Seputeh Member of Parliament Teresa Kok's successful defamation suit against the Umno division leader.

Bailiff fails to execute writ of seizure against Jamal Yunos over unpaid RM50,000 costs in Teresa Kok's defamation suit

Construction firm Kumpulan Kitacon Bhd (KL:KITACON) on Wednesday said it has secured a contract worth RM64.05 million to undertake main building works for a proposed double-storey house in Shah Alam, Selangor.

Kitacon bags RM64 mil housing works project from S P Setia’s unit

The Ministry of Agriculture and Food Security will establish the separation of powers among relevant agencies, and introduce new regulations to strengthen the country's paddy and rice&nbsp;sector.

'Separation of powers' to bolster national rice production — Mat Sabu

KUALA LUMPUR (Oct 9): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.

FBM KLCI falls 0.04% to 1,634.91 on Oct 9, 2024

Guan Chong Bhd (KL:GCB) is seeking to take up a 25% stake in Ivory Coast-based cocoa manufacturing outfit Transcao Côte d'Ivoire (Transcao CI).

Guan Chong’s unit GB Cocoa Singapore Pte Ltd has inked a Memorandum of Understanding with Transcao CI’s shareholders — Conseil Du Café (CCC) and its subsidiary Transcao Negoce, which underline exclusive negotiation rights for three months.