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

Zetrix AI, Genting, Genting Plantation, IOI Properties, Public Bank, RHB Bank, Cape EMS, Turiya, EGH International, Westsports Holdings & Cosmos Tech 

IOI Properties Group Bhd (KL:IOIPG) said its board has yet to deliberate on the potential acquisition of Singapore properties mentioned by its chief executive officer in a media report.

IOI Properties board yet to deliberate on potential Singapore acquisitions

Two Tenaga Nasional Berhad (TNB) workers were rushed to hospital after a fire broke out at  a major electricity substation in Johor Bahru on Friday, causing power outages across large parts of the state capital.

Two TNB workers rushed to hospital after JB power substation fire  

Genting Bhd (KL:GENTING) executive chairman Tan Sri Lim Kok Thay’s private investment vehicle, Kien Huat Realty Sdn Bhd, has acquired additional shares in the group as its stock hovers near its two-decade lows.

Genting chairman buys more shares as stock nears two-decade low

Malaysia's still-robust growth is handing its central bank strong leverage to manage rising inflation risks in the final quarter of the year, economists said.

Robust growth gives BNM strong footing to confront inflation risks, economists say

Cosmos Technology International Bhd (KL:COSMOS) has secured a contract worth RM3.93 million to supply and deliver data loggers and advance pressure management control equipment to Kedah’s water supply operator.

Cosmos Tech to supply RM3.9m in monitoring equipment to Kedah water utility

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

Zetrix AI, Bus Cap, Sunway, AWC, CTOS Digital, Kimlun Corp, CelcomDigi, Vestland, HeiTech Padu, Duopharma Biotech, Mycron Steel, HCK Capital, JAKS Resources, Citaglobal, PJBumi

Norway-registered SEA1 Offshore Rederi AS has ceased to be a substantial shareholder in loss-making Propel Global Bhd (KL:PGB), after disposing of 49.23 million shares in the oil and gas services group.

SEA1 Offshore ceases to be substantial shareholder in Propel Global

Of the 19 Bursa Malaysia-listed firms dropped by audit firm TGS TW PLT last month, 13 have since announced replacements, with interior design outfit Adnex Group Bhd (KL:ADNEX) being the latest to fill the vacancy.

Thirteen of 19 firms dropped by TGS TW have named replacements; most opted for Kudos SBC

Citaglobal Bhd (KL:CITAGLB) has proposed a capital reduction of RM255 million to wipe out its accumulated losses and create retained earnings to enable a share buyback.

Citaglobal proposes RM255m capital reduction and share buyback

(Oct 19): Morgan Stanley is partnering with fintech platform Raisin UK to roll out savings accounts to individuals, following similar moves in Germany and the Netherlands.

Morgan Stanley enters UK savings market with Raisin partnership

Former prime minister Tun Dr Mahathir Mohamad expressed his appreciation and gratitude to all parties who assisted in the funeral arrangements for his late wife, Tun Dr Hasmah Mohamad Ali, who passed away on Sept 28.

Mahathir touched by unceasing prayers for late wife, thanks everyone

JPMorgan Chase & Co is launching its deposit token on ethereum, extending the lender’s push into blockchain payments as Wall Street grows more comfortable moving money on public networks.

JPMorgan brings deposit token to ethereum for institutional clients

Indonesian equities slumped more than 5% to a six-year low on Monday as rattled investors exited stocks after MSCI's latest warning, prompting authorities to unveil steps to tame the swings and set up talks with the index provider.

Indonesian stocks tumble to 2020 low as MSCI warning spooks investors

Dewan Rakyat Speaker Tan Sri Johari Abdul on Monday reminded members of Parliament to exercise caution in their choice of words during debates to avoid controversies that could disrupt the smooth proceedings of the house.

Exercise caution in choice of words, Dewan Rakyat Speaker tells MPs

(Oct 19): Primary Health properties Plc has formed a £700 million (US$933 million) venture with GIC Pte Ltd, part of its ongoing plan to reduce debt levels following a merger last year.

PHP agrees £700 mil UK private hospital venture with GIC

WHETHER or not Budget 2027 is a “sweet pre-election budget”, its RM459.84 billion allocation is substantial, equivalent to nearly 20% of Malaysia’s economy. This is one percentage point higher than Budget 2026 as tabled a year ago, and comparable to the upwardly revised 2026 revenue and expenditure figures.

The State of the Nation | Economic Report: Budget 2027 puts Putrajaya’s fiscal manoeuvres in focus as GDP growth seen reaching 5.2%

When I was a child, my mum had a routine that made zero sense to me. Every morning, way too early, she would march through the house and open all the windows. Bedroom windows, kitchen window, the lot. Sunlight and fresh air would pour in, and my siblings and I would groan from under our blankets....

Coffee Break: The window I can’t open anymore

Can common property be turned into an accessory parcel? Common property refers to shared areas in a stratified development collectively owned by all parcel owners, whereas an accessory parcel is a designated private space, such as a parking bay, assigned to a specific owner.

So, is such...

When common property is sold off

Penang-based antenna manufacturer Emits Bhd has signed an underwriting agreement with Mercury Securities Sdn Bhd ahead of its planned listing on the ACE Market of Bursa Malaysia in the fourth quarter of 2026.

ACE Market-bound Emits inks underwriting agreement with Mercury Securities

KUALA LUMPUR (Oct 19): Zetrix AI Bhd (KL:ZETRIX) said on Monday that it is withdrawing a planned dividend payment declared two months ago to conserve cash.

Zetrix AI rescinds dividend plan to conserve cash

One-way fares for the East Coast Rail Link (ECRL) between Gombak and Kota Bharu will start at RM125 for Transit services and RM147 for Express services when commercial operations begin in mid-December.

ECRL Gombak-Kota Bharu fares start at RM125

KUALA LUMPUR (Oct 19): MS&amp;AD Insurance Group Holdings Inc is exploring a takeover of Malaysian insurer LPI Capital Bhd (KL:LPI) for growth overseas, Bloomberg reported.

Japan’s MS&AD said to consider deal for Malaysia’s LPI Capital — Bloomberg

Public Bank Bhd (KL:PBBANK) may unlock an unrealised gain of RM521 million if Japan's&nbsp;MS&amp;AD Insurance Group Holdings Inc acquires its 44.15% controlling stake in LPI Capital Bhd (KL:LPI), said CIMB Securities.

CIMB Securities: Public Bank could earn RM521m if MS&AD acquires LPI Capital stake

The Negeri Sembilan Dewan Keadilan dan Undang (DKU) and its secretary last Friday (Oct 16) filed an application at the Seremban High Court, seeking permission to initiate contempt proceedings against Menteri Besar Datuk Ismail Lasim, its 10 former executive council (exco) members, and six others.

DKU and its secretary seek permission to initiate contempt against Negeri Sembilan MB and 16 others

American private equity firm KKR is planning to invest some RM2.6 billion in PETRONAS’ renewable energy subsidiary in India, The Economic Times reported on Monday.

KKR to invest some RM2.6 bil in PETRONAS’ renewable energy venture in India

FIXED-income funds, particularly those managed by subsidiaries of Amanah Raya Bhd, may bear the brunt of the meltdown in Zetrix AI Bhd’s&nbsp;(KL:ZETRIX) shares.

Zetrix AI, which has lost a market capitalisation of RM5 billion in the last one month as the shares of its major shareholder...

Funds under AmanahRaya Investment Management may bear brunt of Zetrix meltdown

Oil prices slipped from a five-month high on Monday as investors took profits after US President Donald Trump waived sanctions and tariffs on Russia that may lead to more Russian fuel exports.

Oil tumbles as Trump's Russia sanctions waiver may lead to more fuel supplies

Digital Nasional Bhd, which deploys Malaysia’s 5G network infrastructure, no longer requires any support from the government, Communications Minister Datuk Seri Fahmi Fadzil said.

Digital Nasional no longer needs state support, govt exposure reduced to nil — Fahmi

A budget should be judged by both the relief it provides today and the productive capability it builds for tomorrow.

Tong's Portfolio - Budget 2027: More to spend, less to build?

Asian share markets mostly slipped on Monday as unease over artificial intelligence's (AI) enormous funding needs undermined confidence ahead of a week packed with earnings, while Chinese economic data pipped forecasts in a positive for world growth.

Asian stocks slip, Wall Street and bonds benefit from oil dip

Barisan Nasional (BN) chairman Datuk Seri Dr Ahmad Zahid Hamidi has advised the coalition’s 18 Negeri Sembilan state assemblymen to stay out of matters involving customary law and the royal institution, and instead focus on the people’s welfare and fulfilling their mandate.

Zahid tells BN reps in Negeri Sembilan to stay out of matters involving customary law, royal institution

The forced selling of its founder’s shares has dragged Zetrix AI Bhd’s (KL:ZETRIX) share price down to 5.5 sen from 66 sen two months ago. It has also put the company in a potential breach of its RM2 billion sukuk covenant.

The Islamic debt papers require Wong Thean Soon — better known ...

Frankly Speaking: Zetrix’s increasingly vulnerable position

KUALA LUMPUR (Oct 19): The recent tech sector pullback has created an "attractive accumulation opportunity", BIMB Securities said in its latest sector note, on favourable structural growth outlook including in the advanced packaging segment.&nbsp;

Tech sector pullback a window for accumulation, says BIMB Securities

Volatility has become a defining feature of global trade, and Malaysian businesses have had to adapt at pace. Over the last five years, they have navigated global events that have had major impacts on how and where trade flows, including COVID-19, the Red Sea disruption, the Russia–Ukraine war, shifting tariff regimes and renewed conflict in the Middle East. Yet trade remains resilient and has kept growing, and expectations have risen with it.

TradeCash is now live in Malaysia – keep your working capital in step with trade

Malaysian exports rose to its highest in five years in September as electronics shipments expanded sharply while orders from key markets like the US and China soared.

Malaysia’s exports hit five-year high in September as electronics shipments jump

The government continues to shoulder debt obligations inherited from previous administrations, including liabilities linked to 1Malaysia Development Bhd (1MDB), while working to reduce its reliance on new borrowing, said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar: Govt continues servicing legacy debt including 1MDB's, seeks to reduce new borrowing

The Malaysian economy is largely sheltered because of huge subsidies. The direct effect is the creation of an environment with low inflation, low interest rates, low growth and, finally, relatively lower wages. The prolonged period of this sheltered economy mirrors the environment of the local st...

Alternative Views: Paying the price of having a sheltered economy

US stock futures rose and oil edged lower as traders prepared for a packed week of corporate earnings and Chinese economic data against a backdrop of heightened geopolitical risks.

US stock futures rise ahead of busy earnings week

TWO private companies tasked with providing services on behalf of the government are now under scrutiny over the handling of funds collected from the public.

In one case, Zetrix AI Bhd (KL:ZETRIX) and its unit MyEG Sdn Bhd were suspended as collection agents for the Road Transport Depar...

Justin Cheng

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Justin Cheng

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