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.

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

CIMB Group Holdings Bhd (KL:CIMB) is exploring a sale of its business in the Philippines as part of efforts to streamline and focus on bigger markets for growth, according to people with knowledge of the matter.

CIMB considers selling Philippine business — Bloomberg

A consortium backed by BlackRock Inc and IFM Investors Pty has entered exclusive talks for a potential acquisition of Stack Infrastructure Inc’s Asia-Pacific data centres, people familiar with the matter said.

BlackRock, IFM closing in on US$25 bil Asia data centre deal — Bloomberg

Used-car marketplace Carro is considering offering shares on Singapore Exchange Ltd’s Global Listing Board, people familiar with the matter said, potentially positioning it to be the first company to use the new dual-listing mechanism with Nasdaq Inc.

SoftBank-backed Carro said to mull first dual Nasdaq-SGX IPO

Grab Holdings Ltd, the biggest ride-hailing and food-delivery firm in Southeast Asia, is in talks to buy a majority stake in Singapore-based buy-now-pay-later platform Atome Financial, according to people familiar with the matter.

Grab in talks to buy SoftBank-backed fintech firm Atome — Bloomberg

Indonesian tycoon Andi Syamsuddin Arsyad has bid just US$3 billion (RM12.2 billion) for a controlling stake in coal miner PT Bayan Resources, according to people familiar with the matter, a fraction of the firm’s current market value.

Indonesian tycoon Haji Isam bids US$3 bil for Bayan stake — Bloomberg

TPG Inc-backed Asia OneHealthcare Sdn Bhd has confidentially filed for an initial public offering (IPO) in Kuala Lumpur to potentially raise as much as RM10 billion, according to people with knowledge of the matter.

TPG’s Asia OneHealthcare is said to confidentially file for RM10 bil Malaysia IPO — Bloomberg

Anytime Fitness Asia’s owner is considering selling the gym operator in a deal that could be valued at as much as US$400 million (RM1.62 billion) including debt, people with knowledge of the matter said.

Anytime Fitness Asia’s owner weighing US$400 mil sale — Bloomberg

ZUS Coffee is considering an initial public offering (IPO) of its Malaysia business to raise at least RM1 billion (US$245 million), according to people with knowledge of the matter.

ZUS Coffee said to explore IPO to raise at least RM1 bil — Bloomberg

DayOne Data Centers Ltd has confidentially filed for a US initial public offering, according to people familiar with the matter.

Singapore-based data centre operator is said to confidentially file for US$5 bil IPO in US

There might be some restrictions on outdoor activity such as entertainment during this weekend's Singapore Grand Prix but not on the race, if the haze blanketing the country worsens, the motorsport governing FIA said on Thursday.

Singapore Grand Prix entertainment may be curbed if haze worsens, FIA says

The operator of the eJamin system started talks with the government to finalise a contract in February 2025, about five years after it started running the electronic bail processing system for the courts.

eJamin operator started contract talks with govt in 2025, five years after system launch

The Public Service Department will consider any decision made by the Attorney General’s Chambers (AGC) regarding the incident involving Malaysian Border Control and Protection Agency (AKPS) director general Datuk Seri Mohd Shuhaily Mohd Zain at Terminal 1 of Kuala Lumpur International Airport (KLIA).

AGC to determine further action in border control director general's case — Public Service Dept

Lion Industries Corp Bhd (KL:LIONIND) said on Thursday its independent auditor has issued an unqualified audit opinion with a material uncertainty related to the group’s ability as a going concern.

Auditor flags uncertainty on Lion Industries' ability to continue as going concern

Myanmar is prepared to facilitate the repatriation of its nationals on a large scale, with the country ready to bear the associated costs, Prime Minister Datuk Seri Anwar Ibrahim said on Thursday.

Myanmar to accept repatriation of nationals in large numbers at own expense, says Anwar

Dagang Nexchange Bhd (KL:DNEX) said it has entered into a global settlement with Tethystronics Technologies Co Ltd (TTCL) in relation with a dispute regarding their semiconductor foundry joint venture SilTerra Malaysia Sdn Bhd.

DNeX settles with partner Tethystronics over SilTerra dispute

PepsiCo cut its annual core profit forecast on Thursday and said it would pursue additional cost cuts, warning that efforts to revive growth and profitability in its crucial North American business were taking longer than expected.

PepsiCo to cut costs as weak North America business hurts core profit forecast

SoftBank Group Corp, Grab Holdings Ltd, and Petroleum Sarawak Bhd (Petros) have entered into a framework agreement to explore developing an artificial intelligence (AI) and digital infrastructure platform in Sarawak.

SoftBank, Grab and Petros ink pact to explore development of AI and ecosystem infrastructure in Sarawak

British online fashion retailer Asos said on Thursday that a cybersecurity breach earlier this week had exposed some customers' personal information, including names and contact details, according to its initial investigation.

UK's Asos says cyber hack accessed customers' personal data

Printing and labelling firm MTAG Group Bhd (KL:MTAG) is proposing to acquire two label manufacturers for an indicative RM13.8 million in cash to expand its product offerings and customer base.

Printing firm MTAG proposes RM13.8 mil cash acquisition of two label makers

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.

Penang state land auction draws a blank, sources say

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.

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

KUALA LUMPUR (Oct 8): Former Lembaga Tabung Haji chairman Datuk Seri Abdul Azeez Abdul Rahim has taken the Inland Revenue Board (IRB) to court for allegedly unilaterally cancelling a prior agreement over the settled payment of over RM4 million in taxes and penalties.

Azeez takes IRB to court for allegedly cancelling agreement over RM4m taxes and penalties paid; AGC says he is acting on presumption

A sell-off in Singapore bank shares deepened after JPMorgan Chase &amp; Co warned that surging long bond yields will hurt third-quarter earnings for Southeast Asian lenders.&nbsp;

Singapore bank shares tumble as yield surge threatens earnings

Reddish skies and thick haze have shrouded parts of Indonesia’s Kalimantan as forest and land fires sent air quality plunging to very unhealthy and hazardous levels.

Red skies, thick haze shroud Kalimantan as Indonesia records 1,176 hotspots

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

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.

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

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

KUALA LUMPUR (Oct 8): Lim Seong Hai Capital Bhd (KL:LSH) closed higher on Thursday in its first day of trading on Bursa Malaysia's Main Market following the construction firm's transfer from the ACE Market.

Lim Seong Hai Capital closes 2.9% higher on Main Market debut following listing transfer

Sepang Umno division chief Datuk Noorazli Said was charged in the Magistrate's Court here on Thursday with uttering words that hurt the feelings of Christians during a speech at the 2026 Umno General Assembly last month.

Sepang Umno chief charged with hurting Christians' feelings

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.

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

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;

The King, Sultan Ibrahim Sultan Iskandar, has called for students' safety and health to be prioritised amid the haze affecting the country.

King decrees priority for student safety, calls for school closure amid worsening haze

Myanmar is prepared to facilitate the repatriation of its nationals on a large scale, with the country ready to bear the associated costs, Prime Minister Datuk Seri Anwar Ibrahim said on Thursday.

Malaysia’s corporate earnings growth could slow next year from higher interest rates, cost pressures, and a general slowdown in consumer spending, said Kenanga Investment Bank.

Malaysia’s corporate earnings could slow next year, Kenanga warns

Datuk Seri Awang Adek Hussin will step down as chairman of Bank Simpanan Nasional (BSN) at the end of his term at the development financial institution.

Awang Adek to step down as BSN chairman, Bank Islam’s former head to take over

The Securities Commission Malaysia (SC) successfully returned RM1.98 million to 239 investors in 2025 through enforcement action against violations of capital market laws.

Amir Hamzah: RM1.98 mil returned to 239 investors in 2025 as SC strengthened enforcement

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.

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

theedgemalaysia.com highlighted two stocks with positive momentum and five stocks with negative momentum at Bursa Malaysia’s afternoon close on Thursday.

Stocks with momentum on Oct 8, 2026: Aemulus, Southern Score, Binastra, Censof, FM Global, Greentronics & Hartanah Kenyalang

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.

Elffie Chew

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Elffie Chew

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