<div class=newsTextDataWrapInner>KUALA LUMPUR: Three directors of the Multimedia Development Corporation (MDec) have declined offers to continue serving on the board, sources said on June 3.</div><div class=newsTextDataWrapInner>They are CIMB Group chief executive Datuk Seri Nazir Razak, Westport Malaysia Sdn Bhd executive chairman Tan Sri G Gnanalingam and ECM Libra executive chairman and CEO Datuk Kalimullah Hassan.   All three, believed to have served two two-year terms on the MDec board, decided against serving another term due to business and personal commitments.  </div></div><div class=inPageAd id=div-gpt-ad-inpage>

KUALA LUMPUR: Three directors of the Multimedia Development Corporation (MDec) have declined offers to continue serving on the board, sources said on June 3.They are CIMB Group chief executive Datuk Seri Nazir Razak, Westport Malaysia Sdn Bhd executive chairman Tan Sri G Gnanalingam and ECM Libra executive chairman and CEO Datuk Kalimullah Hassan. All three, believed to have served two two-year terms on the MDec board, decided against serving another term due to business and personal commitments.

Three MDeC directors decline offers to extend term

KUALA LUMPUR (Nov 6): Malaysian shares are broadly lower as massive overnight selloff on Wall Street rippled over to Asian markets on Friday. The ringgit weakened.

Malaysia shares broadly lower as Wall Street rout spills to Asia

KUCHING (Nov 6): Sarawak's election calendar takes shape Friday as the Election Commission (EC) convenes a special meeting to lock in the key dates and arrangements for the 13th State Election.

EC meets today to lock in Sarawak's 13th state election calendar

SINGAPORE (Nov 6): Singapore's Oversea-Chinese Banking Corp (OCBC) on Friday raised its 2026 outlook after posting a 3% annual rise in third-quarter net profit that beat estimates, even as weakness in its insurance arm weighed on its bottom line.

Singapore bank OCBC lifts 2026 guidance after 3Q profit beat

NEW YORK/BENGALURU (Nov 5): Tech-led Nasdaq notched its deepest one-day drop since ‘Liberation Day’ in April 2025, wiping out trillions in market value on fears of more AI scrutiny, particularly on data center construction, after Democrats won big in US midterm elections.

Investors wipe US$2.5 tril off Nasdaq as blue tsunami prompts AI fears

SINGAPORE (Nov 6): Asia's tech-heavy markets sank on Friday as fear of increased regulatory scrutiny and a slowdown in AI build-out unleashed the steepest fall in US stocks since the tariff-triggered "Liberation Day" rout a year and a half ago.

Asia stocks crumble after AI rout rocks US markets

NEW YORK (Nov 5): After Democrats seized control of the US Congress, investors are focused on the risk of standoffs over the government's borrowing ​limit, with the potential for political brinkmanship to unsettle markets.

Democrats wrested the Senate and House of Representatives away f...

Investors eye risk of debt-ceiling standoff after Democratic sweep

YOUR DAY AHEAD: Nov 6, 2026

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

YOUR DAY AHEAD: Nov 6, 2026 

(Nov 5): The backlash against data centers evident in this week's US midterm elections raises new risks for a key source of economic growth. But restrictions on development could ultimately reduce the odds of a downturn by keeping the AI investment boom in check.

Around half of planned ...

US data-centre backlash may lower odds of AI investment bust

(Nov 5): Alphabet's Google will invest $17 billion to build its first data center in Wyoming, the company said on ​Thursday, pushing ahead with a major AI infrastructure ‌investment as political resistance to data center expansion grows following the US midterm elections.

Of the 41...

Google plans US$17 bil Wyoming data centre amid rising threats of curbs

MRT Corp has awarded a RM2.69 billion contract to a joint venture comprising China Communications Construction Company, TRC Construction and Ufuk Semarak for the construction of the Penang LRT Mutiara Line's cross-sea extension linking Penang Island to the mainland.

MRT Corp awards RM2.69 bil contract for Penang LRT cross-sea extension

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

ViTrox, Sunway Construction, Zetrix AI, SD Guthrie, Lotte Chemical Titan, Pentamaster, Kobay, F&N, Tanco, Alpha IVF, TT Vision

The Nasdaq Composite looked set to confirm a correction on Thursday, with chipmakers tumbling, after the Democrats' sweeping victory in midterm elections fueled fears of tighter artificial intelligence (AI) regulation.

Nasdaq set to confirm correction as AI stocks tumble

SINGAPORE (Nov 6):&nbsp;Asia's tech-heavy markets sank on Friday as fear of increased regulatory scrutiny and a slowdown in AI build-out unleashed the steepest fall in US stocks since the tariff-triggered "Liberation Day" rout a year and a half ago.

Goldman Sachs Group Inc and Apollo Global Management Inc are in talks with Wall Street investors to start selling portions of a roughly US$40 billion (RM162.55 billion) chip financing deal for SpaceX, just as the artificial intelligence (AI) boom braces for upheaval following a sweeping Democratic victory.

Goldman, Apollo in talks to sell SpaceX’s US$40 bil AI deal — Bloomberg

The government has agreed to provide flexibility regarding the existing moratorium on the export of raw rare earth element (REE) materials through the Guidelines for the Conditional Export of Raw Rare Earth Elements in order to attract potential investors.

Govt grants flexibility in rare earth element export moratorium to attract investors

Shares of semiconductor stocks plunged on Thursday, extending a recent selloff as investors turn sceptical on the artificial intelligence (AI) trade after the Democrats dominated the midterm elections.

Chips selloff worsens as fears about AI trade grip stock market

Paraguayan President Santiago Peña stepped down on Thursday after the collapse of a major commercial bank with ties to his government plunged the South American nation into financial and social turmoil.

Bank collapse topples a president and Trump ally in Paraguay

Fertility care specialist &nbsp;Alpha IVF Group Bhd (KL:ALPHA) has secured approval from the Securities Commission Malaysia (SC) and Bursa Malaysia to transfer its listing from the ACE Market to the Main Market.

Alpha IVF gets SC, Bursa approval for Main Market transfer 

NEW YORK/BENGALURU (Nov 5): Tech-led Nasdaq notched its deepest one-day drop since ‘Liberation Day’ in April 2025, wiping out trillions in market value on fears of more AI scrutiny, particularly on data center construction, after Democrats won big in US midterm elections.

(Nov 5):&nbsp;Shares of Elon Musk's companies ‌SpaceX&nbsp;and Tesla&nbsp;slumped on Thursday, extending losses from the previous session, as investors worried that Democratic wins in the US midterm elections could slow data center build-outs.

SpaceX, which has leaned into the ​AI data ...

SpaceX, Tesla extend losses as midterm results cloud data center, merger outlook

Voters in the Melaka state election are urged to choose elected representatives who have a "direct line" to the Prime Minister's Office to ensure smooth development processes and the protection of local residents' welfare.

Melaka polls: Choose candidates who have 'direct line' to PM's office — Anwar

Members of the administration have been urged to arrive early for Dewan Rakyat sittings instead of waiting for their turn to speak, ensuring smooth proceedings and avoiding absences that reflect poorly on the House.

Johari lashes out at administrative members over Dewan Rakyat absences, skipped questions

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

DAP is focusing on retaining the four seats it currently holds in the 16th Melaka state election, its secretary general Anthony Loke Siew Fook said.

Melaka polls: DAP focused on retaining four incumbent seats, seeks to win three more

A post-election slide in chipmakers snowballed as investors bailed from technology shares on speculation that congressional Democrats will clamp down on the artificial-intelligence industry.

S&P 500 sinks 4% as AI washout rattles Wall Street

(Nov 5): The backlash against data centers evident in this week's US midterm elections raises new risks for a key source of economic growth. But restrictions on development could ultimately reduce the odds of a downturn by keeping the AI investment boom in check.

Around half of planned ...

Emerging economies’ external debt climbed to a record US$9.4 trillion (RM38 trillion) in 2025, according to the World Bank, boosted in part by the poorest nations facing borrowing cost levels unseen since the 1980s.

Poorer nations face highest debt costs since 1989, World Bank says

(Nov 5): Alphabet's&nbsp;Google will invest $17 billion to build its first data center in Wyoming, the company said on ​Thursday, pushing ahead with a major AI infrastructure ‌investment as political resistance to data center expansion grows following the US midterm elections.

Of the 41...

A series of hoax bomb threats hit European airlines from Ireland to Bulgaria on Thursday morning for the second time this week, with some of at least 25 affected flights making unplanned landings or escorted by fighter jets.