JUST when it seemed that the news flow around the now-­defunct MBI pyramid scheme was quieting down, following the extradition of its mastermind Tedy Teow to China last August, a series of raids carried out over the weekend of March 21 sent shock waves through Penang’s property sector.

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Ghost of MBI reawakens, police raids rattle Penang

theedgemalaysia.com highlighted one stock with positive momentum and three stocks with negative momentum at Bursa Malaysia's afternoon close on Friday.

Stocks with momentum on Oct 16, 2026: Asteel Group, Ni Hsin, AWC, Techbase Industries

India's Reliance Industries rejected on Friday suggestions it was blocking Elon Musk's Starlink satellite internet service in the country, saying it welcomed competition and had "never feared" rivals.

India's Reliance says welcomes Starlink competition after Musk tirade

Indonesian stocks suffered their steepest one-day fall in nearly three decades on Friday after MSCI said the country was no longer worthy of "emerging market" status, threatening billions of dollars in capital outflows from Southeast Asia's largest economy.

Indonesia stocks sink most since 1998 after MSCI flags 'standalone' downgrade

Malaysia’s economy expanded faster than expected in the third quarter as growth of manufacturing and services sectors offset a contraction in mining activities, official flash estimates showed.

Malaysia’s economy outperforms with 5.3% expansion in 3Q, official flash estimates show

Zetrix AI Bhd (KL:ZETRIX) acknowledged a potential breach of a sukuk's clause that requires the digital services firm’s managing director to remain as its single-largest shareholder.

Zetrix AI acknowledges potential breach of sukuk covenant

Gold edged higher on Friday as the dollar weakened, but the metal was still on track for a small weekly loss as investors weighed signals from the Federal Reserve on interest rates.

Gold gains on softer dollar, but heads for weekly fall

Oil prices eased on Friday but were heading for weekly gains on the uncertainty over Middle East supplies and a larger-than-expected crude stocks draw in the US.

Oil heads for weekly gain with Mideast supply risks

All school bus owners and operators have been urged to update their drivers’ details from now until Oct 30 to facilitate the disbursement of RM1,000 in special financial assistance.

School bus owners, operators urged to update drivers' details for RM1,000 aid

Indonesia's stock market is no longer worthy of "emerging market" status, according to MSCI, and the index provider said it intends to cut it from a suite of products tracked by global investors, a major setback that sent money fleeing.

MSCI gets set to remove Indonesia from global indices, sparks market slide to six-year low

Malaysia-China cooperation in technical and vocational education and training (TVET) has secured thousands of training opportunities for Malaysians, with the partnership now focusing on developing skilled talent for high-value jobs in emerging technologies.

Malaysia-China cooperation to prepare talent for higher-value jobs, says Zahid

The Johor Bahru High Court has reinstated a lawsuit filed by a Maybank customer who lost nearly RM60,000 in allegedly&nbsp;unauthorised online transfers after scanning a third-party QR code, ruling that the dispute must proceed to a full trial.

High Court reinstates customer's suit against Maybank over funds allegedly siphoned after QR scan

Indonesia's stock market is no longer worthy of "emerging market" status, according to MSCI, and the index provider said it intends to cut it from a suite of products tracked by global investors, a major setback that sent money fleeing.

Zetrix AI Bhd (KL:ZETRIX) acknowledged a potential breach of a sukuk's clause that requires the digital services firm’s managing director to remain as its single-largest shareholder.

EGH International Bhd (KL:ECOGRP) fell in its ACE Market trading debut on Friday amid relatively weak demand for the interior fit-out firm’s shares.

EGH International opens lower on ACE Market debut

Eligible renewable energy developers under the Corporate Renewable Energy Supply Scheme (CRESS) Acceleration Package (CAP) will benefit from a fixed system access charge (SAC) of 14 sen per kilowatt-hour (kWh) for 10 years, while green consumers will be subject to a separate charge of four sen/kWh.

CRESS charges fixed at 14 sen/kWh for developers, four sen for green consumers — Energy Commission

Malaysian banking stocks could see some stability towards the end of 2026 as declining global bond yields provide an opportunity for banks to recover investment losses, said MBSB Research.

Banks eye year-end stability on lower bond yields; dividends 'too attractive to ignore' — MBSB

Asian equities rose on Friday morning, tracking gains on Wall Street as dip buyers stepped in following a chip-stock sell-off fuelled by concerns about the artificial intelligence (AI) trade.

Asian stocks advance as chip sell-off eases

Malaysia’s economy expanded faster than expected in the third quarter as growth of manufacturing and services sectors offset a contraction in mining activities, official flash estimates showed.

A local assembly operation by Chinese carmaker BYD&nbsp;will offer incremental upside to Sime Darby Bhd (KL:SIME) which controls the plant, an analyst said. 
&nbsp;

BYD local assembly offers incremental upside to Sime Darby — analyst

Kepong Member of Parliament Lim Lip Eng has called on the Prisons Department to disclose the conditions governing convicted former prime minister Datuk Seri Najib Razak’s house arrest.

Kepong MP calls for public disclosure of Najib’s house arrest terms

(Oct 15): Is an October Fed hike back on the table? The release of hot headline and core September US inflation figures sent markets into a tailspin on Wednesday, with futures markets at one point showing as much as a ​50-50 chance that the Federal Reserve may raise interest rates again this mont...

Opinion: CoreWeave unravels

Oil prices eased on Friday but were heading for weekly gains on the uncertainty over Middle East supplies and a larger-than-expected crude stocks draw in the US.

The European Union (EU) is preparing to create new trade powers that could completely shut off access to its single market as part of a dramatic new push to cut the trade deficit with China.&nbsp;

EU set to bolster its power to block Chinese imports in trade fight

Fit-out or refurbishment specialist EGH International Bhd (KL:ECOGRP) is focusing on its expansion into Sarawak and Sabah, while eyeing contracts from the US&nbsp;and Vietnam.

EGH International to focus on expanding business to Sarawak and Sabah

Wall Street staged a comeback after losses driven by concerns about the sustainability of the artificial-intelligence trade that has powered the bull market in stocks.

Stock buyers step in to power Wall Street rebound

Singapore is looking into companies that may be responsible for forest fires in Indonesia, which have worsened haze conditions in the region, Singapore Prime Minister Lawrence Wong said.

Singapore weighs action against companies linked to transboundary haze

Pasir Gudang in Johor recorded a very unhealthy air pollutant index (API) reading of 207, the highest in the country, while 30 other areas recorded unhealthy readings as of 9am on Friday.

Haze: Very unhealthy air in Pasir Gudang, unhealthy readings in 30 other areas nationwide

ORLANDO, Florida (Oct 15): The AI equity rout accelerated significantly in Asia on Thursday on growing fears about the murky, circular financing powering the intelligence revolution's buildout, although its force evaporated in European and US trading hours. Still, safe-haven inflows meant US Trea...

Opinion: Global tech rout loses steam

Westport Holdings Bhd's (KL:WPRTS) earnings are likely to beat consensus in the third quarter, underpinned by stronger throughput and value-added services (VAS), Maybank Investment Bank said in a note on Friday.

M Shanmugam and Rosalynn Poh

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M Shanmugam and Rosalynn Poh

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