<div class=newsTextDataWrapInner>KUALA LUMPUR (March 7): Scomi Group Bhd’s unit, Scomi KMC Sdn Bhd, has received a letter of award worth RM2.1 billion to provide drilling fluids and barites materials, equipment and services to Petronas Carigali Sdn Bhd. In a statement to Bursa Malaysia today, Scomi said the contract is expected to be for a period of five years commencing from 1 March 2013 to 28 February 2018. The contract award is expected to contribute positively towards the earnings and net assets per share of the company for its financial years ending March 2013 to 2018, the company added. </div></div><div class=inPageAd id=div-gpt-ad-inpage>

KUALA LUMPUR (March 7): Scomi Group Bhd’s unit, Scomi KMC Sdn Bhd, has received a letter of award worth RM2.1 billion to provide drilling fluids and barites materials, equipment and services to Petronas Carigali Sdn Bhd. In a statement to Bursa Malaysia today, Scomi said the contract is expected to be for a period of five years commencing from 1 March 2013 to 28 February 2018. The contract award is expected to contribute positively towards the earnings and net assets per share of the company for its financial years ending March 2013 to 2018, the company added.

Scomi receives RM2.1b Petronas drilling award

Pandu Sjahrir, the prominent Indonesian wealth fund executive who has publicly supported MSCI Inc’s scrutiny of the nation’s stock market, is the co-owner of a brokerage sanctioned in connection with a stock-market manipulation probe.

Indonesia’s wealth fund chief investment officer owns stake in sanctioned brokerage

SEOUL (Oct 29): A South Korean court on Thursday rejected a lawsuit by dozens of Tesla owners seeking full refunds for money paid for "Full Self-Driving" driver-assistance software, ruling that the automaker had not breached its contractual obligations.

South Korean court rejects Tesla owners' lawsuit seeking 'Full Self-Driving' refunds

(Oct 29): Uniqlo ditched plans to raise the price of its popular ¥290 (US$1.84) socks, underscoring the challenge Japanese retailers face as persistent inflation squeezes household budgets.

Uniqlo scraps price rise on US$2 socks after Japan shopper outcry

SD Guthrie Bhd (KL:SDG) is expected to see a sharp decline in its net profits for its upcoming third quarter, although its full financial year remains on track to meet forecast, said CIMB Securities.

SD Guthrie set for weaker 3Q on lower land disposal gains — CIMB Securities

TOKYO (Oct 29): Japan's Denso, a major auto parts supplier to Toyota, reported an 18% fall in second-quarter operating profit on Thursday, as higher parts and material costs and investments weighed on results.

Toyota supplier Denso posts fall in second-quarter profit

KUALA LUMPUR (Oct 29): Tropicana Corp Bhd (KL:TROP) has launched 480 units of GreenRE-certified Premium Green Terraces under Phase 2 of Avisa Residences at its 362-acre Tropicana Alam township in Puncak Alam, according to a press statement issued on Wednesday (Oct 28).

Tropicana launches Phase 2 of Avisa Residences, Tropicana Alam in Puncak Alam

Asian shares gave up earlier gains on Thursday as AI-related earnings announcements prompted wildly mixed responses, raising the stakes for Amazon and Intel results due later in the day.

Asian shares fall as Alphabet earnings miss drags Wall Street futures lower

SHENZHEN (Oct 29): Tencent Cloud is committed to investing in Malaysia over the next three years, building on its existing cloud region infrastructure, said Nucky Fang, general manager of Tencent Cloud International and Tencent Cloud Malaysia.

Tencent Cloud commits to investing in Malaysia over next three years

KUALA LUMPUR (Oct 29): Pharmacy chains operator Big Caring Group Bhd is looking to raise RM2.03 billion in Malaysia's second-largest listing this year.

Big Caring sets Main Market IPO at RM1.08 apiece to raise over RM2 bil

NEW YORK/BENGALURU (Oct 28): Marvell Technology is in advanced talks to buy data-centre optics maker Lumentum Holdings, with a deal potentially set to be announced as soon as next week, a source familiar with the matter told Reuters on Wednesday.

Marvell Technology in advanced talks to buy optics maker Lumentum — Reuters

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

Maxis, Zetrix AI, Bursa Malaysia, CTOS Digital, CIMB, Jati Tinggi, Oriental Interest, Pantech Group, Berjaya Property, Titijaya, T7 Global & Kanger International

Private healthcare group Asia OneHealthcare Bhd (A1H), whose portfolio includes Subang Jaya Medical Centre and the Columbia Asia network, has filed for an initial public offering (IPO) on Bursa Malaysia to fund hospital expansion, maintenance capital expenditure and debt repayment.

Asia OneHealthcare files for IPO to fund hospital expansion, repay debt

KUALA LUMPUR (Oct 29): The federal government paid RM155 million in compensation to Borneo Highway PDP Sdn Bhd (BHPSB) following the termination of its project delivery partner (PDP) agreement for the Sabah Pan Borneo Highway project seven years ago.

Govt compensates former Sabah Pan Borneo project partner RM155m over terminated agreement — Nanta

KUALA LUMPUR (Oct 29): Pharmacy chains operator Big Caring Group Bhd is looking to raise RM2.03 billion in Malaysia's second-largest listing this year.

Datin Seri Rosmah Mansor has been warned that resisting the enforcement of RM67.5 million in damages awarded to a Lebanese jeweller is tantamount to contempt of court.

Dodging RM67.5 mil payout to jeweller amounts to contempt of court, Rosmah told

The seat allocation issue within Barisan Nasional (BN) involving component party MCA for the upcoming Melaka state election has been resolved, says Melaka BN chairman Datuk Seri Ab Rauf Yusoh.

Melaka polls: BN seat allocation settled, MCA's participation to be refined — AB Rauf

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

YOUR DAY AHEAD: Oct 29, 2026 

Investing giant Pacific Investment Management Co (Pimco) helped supercharge the artificial intelligence (AI) debt boom with billions of dollars in lending in 2025 — and has cut positions just in time to skirt losses and eke out a profit.

Pimco offloads billions in AI debt just in time to skirt losses — Bloomberg

(Oct 28):&nbsp;China's CXMT plans to start production of HBM3E, ​an advanced type of high-bandwidth memory chip used with AI processors, despite as little as 20% of the chips it makes being usable, ‌two people familiar with the matter said.

The decision highlights China's intense shorta...

China's CXMT to start advanced AI memory production

Alphabet Inc’s search and advertising sales disappointed in the most recent quarter, reinforcing investors’ fears that Google is losing ground to artificial intelligence (AI) rivals despite pouring hundreds of billions of dollars into the technology.

Alphabet’s revenue miss reignites fears over AI spending binge

Asian shares gave up earlier gains on Thursday as AI-related earnings announcements prompted wildly mixed responses, raising the stakes for Amazon and Intel results due later in the day.

(Oct 28):&nbsp;The heavyweights of the AI industry are facing a reckoning on Wall Street, reflecting concerns over who will bear the cost of the artificial intelligence buildout that has fueled much of this year's stock market gains.

Anthropic revealed paperwork for its ​initial public ...

AI giants' funding ambitions test Wall Street's appetite for risk

TOKYO (Oct 29): Oil prices fell on Thursday, paring the previous day's gains, as hopes for peace talks took the edge off renewed concerns over Middle East supply disruptions from escalating regional conflict.

Oil prices fall as peace hopes offset fears of growing Middle East conflict

he Malaysian Anti-Corruption Commission (MACC) is still investigating Retirement Fund Incorporated’s (KWAP) investment in Indonesian aquaculture technology company eFishery, the Ministry of Finance (MOF) said on Wednesday.

MACC still investigating KWAP's investment in eFishery — MOF

SEOUL (Oct 29): Samsung Electronics&nbsp;said on Thursday that its operating profit rose nearly ninefold to a record high in the third quarter, driven by robust demand for AI chips, and flagged it expected the chip shortage to deepen next year.

Samsung posts record profit in 3Q on AI chip boom

Bilateral trade relations between Malaysia and China continue to demonstrate strong momentum with deepening economic and global supply chain cooperation.

Malaysia-China trade ties remain robust, Matrade explores new opportunities in Linyi

BEIJING (Oct 28):&nbsp;Unitree&nbsp;said on Wednesday third-quarter revenue ‌rose 70% from a year earlier but net profit fell in its first earnings result since listing, as China's best-known humanoid maker faces its first market test amid a tech sector rout.

It generated 665 million yu...

Unitree's quarterly revenue surges 70% in test for China's robotics sector

Pakatan Harapan (PH) is maintaining its decision to contest 21 seats in the Melaka state election for now, with any changes subject to a final decision by the coalition's top leadership.

PH maintains 21-seat contest in Melaka polls for now — Fahmi

SINGAPORE (Oct 29): Keppel says overall net profit in its 3QFY2026 was up 20% year-on-year, but 9MFY2026 was 40% down, due to impairments and other holding costs.

Keppel's 3QFY2026 earnings up 20% y-o-y; 'New Keppel' up 'close to' 15%

(Oct 28):&nbsp;SAP, whose software is used by many of the world's largest ‌companies, is replacing some expensive artificial-intelligence models powering ‌its products with cheaper alternatives, a move it expects will generate ​more than €2 billion in efficiency gains over the next two years....