Bank Pembangunan Malaysia Bhd (BPMB) will be providing RM367.2 million in financing for the Penang Hill cable car project, paving the way for full-scale construction to begin.

Penang Hill cable car project moves forward with RM367 mil financing from Bank Pembangunan

DUBAI (Oct 29): First Abu Dhabi Bank, the UAE's biggest bank by assets, reported a 6% rise in third-quarter net profit on Thursday, driven by strong growth in net interest income.

First Abu Dhabi Bank's third-quarter profit rises 6% on net interest income growth

FROM a single casino in Genting Highlands, established by the late Tan Sri Lim Goh Tong in the 1960s, the Genting group has grown into a diversified conglomerate with interests spanning gaming, hospitality, leisure and property. It now has gaming operations in multiple markets worldwide.

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Cover Story: As the group expanded, so too did its debt burden 

Summary


	Long considered a safe- haven stock by retail investors, Genting Bhd’s status as a cash cow diminished after the company called for...

Cover Story: Debt repayment looms for Genting

GENTING Bhd (KL:GENTING) made a cash call on Oct 9 to raise RM1.25 billion — 53 years after its first one.

The conglomerate, which was listed in 1971, called for a rights issue in 1973.

At that time, Genting’s call for more cash from shareholders was acceptable. It was a perio...

Cover Story: No further fundraising planned for now, says Genting 

SEOUL (Oct 29): Samsung Electronics posted a 15-fold jump in quarterly chip profit on Thursday, powered by the AI boom, but its shares tumbled as investors balked at a lack of fresh shareholder-return plans and an outlook that lagged rival SK Hynix's.

Samsung sees AI chip shortage worsening, keeps investors in suspense on returns

The Court of Appeal (COA) has reversed a High Court decision and granted leave (permission) for lawyer Rosli Dahlan to challenge the Police and the Attorney General's Chambers' (AGC) move to seize his four Amanah Saham Nasional Bhd (ASNB) accounts under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds from Unlawful Activities Act (AMLA).

Court of Appeal gives green light for lawyer Rosli Dahlan to challenge govt freezing of his ASNB accounts

Hyundai Motor Co reported better-than-expected earnings for the third quarter as the automaker benefited from strong demand for its cars in North America and India.

Hyundai's profit beats estimates on North America, India growth

Geely Automobile Holdings Ltd’s profit climbed in the third quarter as surging exports helped the carmaker offset fierce competition in China.

Geely's profit climbs as rising exports offset China slump

Hello Kitty maker Sanrio has cancelled a collaboration with a Japanese TV spy show after a backlash in China, the second incident in days to highlight the tightrope foreign firms and celebrities must walk in the lucrative market.

Hello Kitty maker Sanrio cuts ties with TV spy show after China backlash

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

Stocks with momentum on Oct 29, 2026: Gagasan Nadi Cergas, Pantech Group, XL Holdings, Iconic Worldwide, TRC Synergy, Ni Hsin

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

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

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

Joint management bodies (JMBs) and management corporations (MCs) cannot completely block owners who default on maintenance fees from accessing their own units, Housing and Local Government Minister Nga Kor Ming said.

Strata managers cannot completely deny defaulters access to their units, says Nga

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

YOUR DAY AHEAD: Oct 29, 2026 

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

CTOS Digital Bhd (KL:CTOS) surged on Thursday, extending a rebound from record lows, after the credit reporting firm’s latest results&nbsp;even as analysts warned of a weaker quarter ahead.

CTOS surges after results, analysts warn of weaker quarter ahead

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

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

The Home Ministry has decided to redeploy Malaysian Border Control and Protection Agency (AKPS) director general Datuk Seri Mohd Shuhaily Mohd Zain to the Royal Malaysian Police (PDRM), where he previously served.

Mohd Shuhaily to return to police force, says Saifuddin Nasution

(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

TOKYO (Oct 29): Oil prices fell on Thursday, paring gains made a day earlier, 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

SEOUL (Oct 29): Samsung Electronics&nbsp;posted a 15-fold jump in quarterly chip profit on Thursday, powered by the AI boom, but its shares tumbled as investors balked at a lack of fresh shareholder-return plans and an outlook that lagged rival SK Hynix's.

(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

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

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%

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

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

(Oct 28):&nbsp;Oracle&nbsp;said on Wednesday it expects capital spending to peak this fiscal year and next as it builds more cloud-computing capacity, but pledged to raise no more than $20 billion in additional financing for ​AI through fiscal 2030.

The pledge is meant to reassure inves...

Oracle eases AI spending worries with plan to turn cash flow positive

Stocks edged up as the Federal Reserve held rates steady and refrained from offering a clear signal on whether it will hike in December.

Intan Farhana Zainul & David Tan

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