THE 1Malaysia Development Bhd (1MDB) scandal exposed failures that extended beyond the individuals accused of wrongdoing, raising questions about the effectiveness of the institutions and oversight mechanisms entrusted with safeguarding public funds.

The fallout has extended to auditors...

Where the buck stops when governance fails

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

AirAsia, IJM, Zetrix AI, IOI Properties, MN Holdings, Swift Energy, Kinergy, iCents, Infomina, LAC Med 

Medical technology solutions provider LAC Med Bhd (KL:LACMED) has secured a seven-year contract worth up to RM20 million to supply medical imaging equipment and related services to an upcoming specialist healthcare centre in Petaling Jaya, Selangor.

LAC Med bags RM20m imaging equipment supply contract for new PJ medical centre 

MN Holdings Bhd (KL:MNHLDG) has secured a RM293.88 million contract to build two high-voltage power facilities for a data centre development in the central region of Peninsular Malaysia.

MN Holdings bags RM294 mil job to build power facilities for a data centre

Steel manufacturer Malaysia Steel Works (KL) Bhd (KL:MASTEEL) on Monday announced the acquisition of a 51% stake in a high-voltage electrical engineering firm for RM12 million to expand into power infrastructure and data centre construction, as well as a proposed placement of nearly 4% of its issued share base to raise up to RM5.78 million for working capital.

Masteel announces 51% stake buy in power infra firm and private placement to raise working capital funds

IJM Corporation Bhd (KL:IJM) has secured a RM1.23 billion contract from AT&S Austria Technologie & Systemtechnik (Malaysia) Sdn Bhd to construct semiconductor manufacturing facilities at the Kulim Hi-Tech Park in Kedah.

IJM bags RM1.23 bil contract to build AT&S semiconductor manufacturing facilities in Kedah

Oil and gas services provider Deleum Bhd (KL:DELEUM) has entered into a heads of agreement (HOA) to sell its 86.67% stake in Deleum Technology Solutions Sdn Bhd (DTS) to Ocean Vantage Holdings Bhd (KL:OVH) for RM13 million cash.

Deleum plans RM13 mil disposal of technology solutions unit to Ocean Vantage

IN Malaysian restaurants, a telling sign of growing pressure on household budgets can be seen in what customers are increasingly omitting from their orders.

In its latest Malaysia Retail Industry Report, Retail Group Malaysia (RGM) says many diners are choosing cheaper dishes and drinks...

The State of the Nation: Malaysia’s economy growing, but consumers counting every ringgit

After four years of asking Malaysians to endure subsidy rationalisation and other painful reforms, Prime Minister Datuk Seri Anwar Ibrahim is now loosening the government’s purse strings as his administration nears the end of the term.

After years of fiscal consolidation, Anwar loosens purse strings with Budget 2027

KUALA LUMPUR (Oct 9): Malaysia's fiscal deficit is projected to narrow to 3.3% of gross domestic product (GDP) in 2027, even as the actual shortfall remains elevated at RM77.5 billion.

Malaysia's fiscal deficit to narrow to 3.3% in 2027, but shortfall remains above RM77 bil

YOUR DAY AHEAD: Oct 15, 2026

Bina Puri Holdings Bhd (KL:BPURI) is doubling down on Sarawak-focused projects to turn its fortunes around, as the group emerges from a court-supervised debt restructuring that was completed in September.

Bina Puri doubles down on Sarawak pivot as it emerges from debt restructuring

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

YOUR DAY AHEAD: Oct 15, 2026 

(Oct 15): Malaysian property tycoon Datuk Lee Yeow Seng is making waves as one of the most aggressive buyers of commercial real estate in Singapore, and he’s not done yet.

Malaysia's IOI Properties Group eyes US$760 mil property deals in Singapore

Asian stocks were set to decline on Thursday, tracking a tech-led Wall Street sell-off after hotter-than-expected US inflation fuelled bets on more aggressive US Federal Reserve rate hikes. The dollar rose.

Asian stocks set to fall as hot US inflation data sparks Wall Street sell-off

Oil held a gain as a flare-up in attacks from Russia to the Middle East threatened supply that only recently recovered to near pre-war levels.

Oil holds gain as Middle East and Russia strikes threaten supply

Stocks fell the most since July as a sell-off in chipmakers on Wednesday extended a decline that was fuelled by wagers the US Federal Reserve will keep lifting interest rates to fight inflation.

US stocks fall on inflation woes as chip rout deepens

The government is developing a sovereign artificial intelligence (AI) cloud to ensure the country’s classified information remains secure and beyond the reach of foreign laws and policies, said Communications Minister Datuk Seri Fahmi Fadzil.

Sovereign AI cloud crucial to protecting country's digital sovereignty — Fahmi

Discussions on the list of Pakatan Harapan (PH) candidates for the Melaka state election are over 95% complete, said PH Communications director Datuk Seri Fahmi Fadzil.

Fahmi, who is also Communications Minister, said PH has scheduled its candidate announcement for Oct 24, with the venue to be confirmed later.

Melaka polls: PH candidate list discussions more than 95% complete — Fahmi

Chinese automakers looking to expand production capacity in Europe have ruled out Italy because of a lack of suitable factories, Italian industry minister Adolfo Urso said on Wednesday.

Chinese producers are looking to establish manufacturing plants inside the European Union as Brussels works on rules that will set minimum local content limits for electric vehicles sold in the bloc.

No auto plants available in Italy for Chinese purchase, Italian minister says

A week after a fellow backbender urged the federal government to reject any airline bailout requests, Putatan MP Datuk Shahelmey Yahya called on Putrajaya to step in to help address AirAsia Group Bhd's (KL:AAGB) financial woes.

Sabah MP urges govt intervention over AirAsia woes just days after fellow MP warned Putrajaya against bailouts

Genting Bhd (KL: GENTING) has earmarked RM280 million from its proposed RM1.25 billion rights issue to pay interest and other financing costs.

In response to Bursa query, Genting says will use RM280m from working capital portion of rights issue for interest costs

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

EcoSys, Gamuda, Epicon, AWC, JAG, Genting, Infomina, Bus Cap, IHH Healthcare

A total of 27 data centre projects with an estimated investment of RM225.97 billion have been approved under the data centre task force (DCTF) up to July 2026, according to the Digital Ministry.

Twenty-seven data centre projects worth RM226b greenlit by task force — Digital Ministry

Malaysia’s retail prices for unsubsidised RON97 and RON95 petrol will drop by five sen per litre, while unsubsidised diesel will drop by 10 sen from Thursday (Oct 15) to Oct 21.

Unsubsidised petrol down five sen, diesel down 10 sen from Oct 15 

Japan will invest up to US$21 billion (RM85.7 billion) in two chip factories in New York state that will be jointly owned by the US government and Japanese interests and operated by GlobalFoundries, the company said on Wednesday.

Japan to invest up to US$21b in two US chip factories to be run by GlobalFoundries

Yields on US Treasuries climbed across durations on Wednesday after consumer prices accelerated in September ramping up expectations that the Federal Reserve will have to increase interest rates to try to tame stubborn inflation.

US yields jump as hot consumer inflation boosts rate hike bets

Lembaga Tabung Haji is proposing amendments to the Tabung Haji Act 1995 to bar active politicians from its board.

Tabung Haji mulls legislative changes to ban politicians from board     

(Oct 15): Malaysian property tycoon Datuk Lee Yeow Seng is making waves as one of the most aggressive buyers of commercial real estate in Singapore, and he’s not done yet.

Wall Street's main indices edged lower on Wednesday after a hotter-than-expected inflation report boosted bets of an interest rate hike this month, while investors parsed more big bank earnings.

Wall Street slides as hot CPI data fuels rate-hike bets; chips, banks weigh

US consumer prices accelerated in September as the cost of gasoline surged, dealing another blow to President Donald Trump and his Republican Party ahead of the November 3 midterm elections and putting an interest rate increase later this month back on the radar.

US inflation heats up in September; Fed rate hike this month back on table

Stocks fell the most since July as a sell-off in chipmakers on Wednesday extended a decline that was fuelled by wagers the US Federal Reserve will keep lifting interest rates to fight inflation.

Bina Puri Holdings Bhd (KL:BPURI) is doubling down on Sarawak-focused projects to turn its fortunes around, as the group emerges from a court-supervised debt restructuring that was completed in September.

Firefly has further extended the cancellation of flights between Subang and Singapore until Oct 16 as haze conditions worsen in the city-state.

Firefly extends Subang-Seletar flight cancellations till Oct 16

Chinese automakers looking to expand production capacity in Europe have ruled out Italy because of a lack of suitable factories, Italian industry minister Adolfo Urso said on Wednesday.

Chinese producers are looking to establish manufacturing plants inside the European Union as Brussels works on rules that will set minimum local content limits for electric vehicles sold in the bloc.

Asian stocks were set to decline on Thursday, tracking a tech-led Wall Street sell-off after hotter-than-expected US inflation fuelled bets on more aggressive US Federal Reserve&nbsp;rate hikes. The dollar rose.

Netflix is cutting about 6% of its workforce, or roughly 1,000 jobs, in its biggest round of layoffs since 2022, the Wall Street Journal reported on Wednesday, citing an email sent to employees.

Netflix cuts about 6% of jobs in biggest layoff since 2022 — report

The government is developing a sovereign artificial intelligence (AI) cloud to ensure the country’s classified information remains secure and beyond the reach of foreign laws and policies, said Communications Minister Datuk Seri Fahmi Fadzil.

Discussions on the list of Pakatan Harapan (PH) candidates for the Melaka state election are over 95% complete, said PH Communications director Datuk Seri Fahmi Fadzil.

Fahmi, who is also Communications Minister, said PH has scheduled its candidate announcement for Oct 24, with the venue to be confirmed later.

Oil held a gain as a flare-up in attacks from Russia to the Middle East threatened supply that only recently recovered to near pre-war levels.

Emir Zainul

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Emir Zainul

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