Land 33 Bhd (KL:LAND33) is acquiring a 1.05-acre parcel with a two-storey bungalow in Penang for RM32.3 million in cash for future property development.

Land 33 buying one-acre George Town land for RM32 mil for future development

Pantech Global Bhd (KL:PGLOBAL) said it is disposing of a 10-acre freehold land which it acquired less than two years ago for the expansion of its operations in Klang, for RM31.73 million in cash.

Pantech Global to sell former expansion site in Klang for RM31.7 mil

Critical Holdings Bhd (KL:CHB) said an additional RM74.1 million has been added to the value of the contract it secured from an undisclosed US-based multinational corporation to build a cleanroom facility at Kulim Hi-Tech Park in Kedah.

Critical Holdings' Kulim Hi-Tech Park cleanroom job value increased by nearly 49% to RM227m

Credit rating agencies have flagged Budget 2027’s lack of measures to broaden the government’s revenue base while high oil prices could hamper efforts to reduce public debt.

Budget 2027 lacks revenue reforms as high oil prices complicate public debt trimming, say ratings agencies

MELAKA is shaping up as another critical bellwether for Malaysia’s shifting political landscape ahead of the 16th General Election (GE16). Following high-stakes state contests in Johor and Negeri Sembilan, the historic state presents a complex electoral arena where coalitions are testing political bargaining, raw voter support, and vote transferability across a highly concentrated electorate.

MELAKA: ELECTION WAR DRUMS BEATING | Melaka: The next test of shifting political alliances

The government should consider corporatising the Customs Department so that it would have more autonomy to improve the efficiency of tax collection, said KPMG Malaysia tax policy adviser Dr Veerinderjeet Singh.

Govt should mull corporatising Customs Dept to boost tax collection, says KPMG policy adviser

The government is open to looking into the suggestion that a portion of foreign worker levy collections be used to fund mechanisation to reduce reliance on foreign labour, said Treasury secretary general Tan Sri Johan Mahmood Merican.

Govt willing to consider use of foreign worker levies to fund mechanisation, says Treasury secgen

The government is in discussions with Tenaga Nasional Bhd (KL:TENAGA) and the Energy Commission (EC) on measures it can take to subsidise households’ electricity next year, as fuel costs are expected to remain elevated.

Govt in talks with TNB, regulator on electricity subsidy measures for 2027

The government plans to introduce a family office model for Forest City in Johor that allows a family office to serve multiple affluent families simultaneously.

Malaysia to introduce multi-family office model in Forest City

Pre-election spending pressures could limit Malaysia’s fiscal consolidation even as the government could afford the additional measures, Moody’s Ratings said on Friday.

Malaysia's pre-election spending pressures could limit fiscal consolidation — Moody’s

A sell-off in global equities spread to Asia on Thursday morning as losses in chip stocks deepened after faster-than-expected US inflation fuelled bets that the Federal Reserve (Fed) will need to raise interest rates further. Treasuries rallied on haven demand.

Stock sell-off extends to Asia as chip rout deepens

The Dewan Rakyat is expected to discuss several key issues on Thursday, including increases in domestic electricity tariffs, the economic value of data centre investments, aviation safety and the impact of haze on public health.

Electricity tariffs, data centres and haze impact in focus in Dewan Rakyat on Thursday

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

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

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

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

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

(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.

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

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.

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     

A sell-off in global equities spread to Asia on Thursday morning as losses in chip stocks deepened after faster-than-expected US inflation fuelled bets that the Federal Reserve (Fed) will need to raise interest rates further. Treasuries rallied on haven demand.

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.

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

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

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

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.

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.

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

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.

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

The Dewan Rakyat is expected to discuss several key issues on Thursday, including increases in domestic electricity tariffs, the economic value of data centre investments, aviation safety and the impact of haze on public health.

Izzul Ikram

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Izzul Ikram

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