Indonesia's stock market is no longer worthy of "emerging market" status, MSCI said on Friday, laying out a plan to expel it from a suite of indices tracked by funds, a shock move that sparked the steepest one-day drop in Jakarta shares since 1998.

Indonesia gets a 'wake-up call' as MSCI prepares to remove it from global indices

The upfront costs incurred by CelcomDigi Bhd (KL:CDB) and Maxis Bhd (KL:MAXIS) for the latest spectrum awards are expected to be offset by capital expenditure savings and lower network costs, according to Hong Leong Investment Bank (HLIB).

CelcomDigi, Maxis spectrum costs to be offset by capex and network savings — HLIB

Ormond Group, the hospitality arm of ECM Libra Group Bhd (KL:ECM), broke ground for the 396-key Ormond Desaru resort in Johor on Friday.

Ormond Group breaks ground for Ormond Desaru resort

China’s campaign to promote the global use of the yuan appears to be accelerating as the authorities seek to build a more comprehensive financial ecosystem for the currency beyond just trade settlement.

China’s plan to make yuan a global currency enters faster phase

Singapore Prime Minister Lawrence Wong vowed to investigate firms responsible for fires that have shrouded the city-state in haze for weeks, warning those found culpable could face legal action.

Singapore probing firms over haze-causing Indonesian fires

Meta on Thursday launched a new open-weight artificial intelligence (AI) model which it claims rivals, and in some cases outperforms, similar products from leading Chinese developers.

Meta unveils new 'open' AI model to rival Chinese competition

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

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

Sumitomo Life Insurance Co is considering buying companies in Southeast Asia and the US as the Japanese insurer seeks to expand and diversify its income, its top executive said.

Sumitomo Life CEO targets acquisitions in Southeast Asia, US

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

BYD local assembly offers incremental upside to Sime Darby — analyst

BRUSSELS (Oct 15): GSK said on Wednesday it could cut as many as 1,217 ‌jobs in Belgium, in the first sign that the British drugmaker's three-year plan to save £1.9 billion ($2.50 billion) in costs is moving into action.

CEO Luke Miels had launched the ​effort in July as part ...

GSK plans to cut up to 1,217 jobs in Belgium as it begins three-year restructuring plan

Malaysia’s gross domestic product (GDP) is expected to grow by 5.2% in 2026 and 4.7% in 2027, amid regional economic uncertainty, according to the International Monetary Fund (IMF).

IMF sees Malaysian GDP growth at 5.2% in 2026, 4.7% in 2027

Kuala Lumpur City Hall (DBKL) failed to obtain a stay on the High Court’s April decision ordering it and the wound-up developer, Fame Modulation Sdn Bhd, to pay RM1.3 million in damages to two former civil servants.

DBKL fails to halt RM1.3 mil payment order over structural damage to Cheras retired civil servants’ home 

The High Court has given more time to Tan Sri Shahrir Samad and Tan Sri Tommy Thomas to iron out settlement terms in the former Federal Land Development Authority (Felda) chairman's malicious-prosecution suit against the former attorney general.

Shahrir Samad, ex-AG Tommy Thomas to update court on Nov 11 of possible settlement in malicious-prosecution suit

The Yang di-Pertuan Besar of Negeri Sembilan, Tuanku Muhriz Tuanku Munawir, conferred the state's prestigious honours on three Undangs and their consorts at Istana Besar Seri Menanti here on Thursday.

Tuanku Muhriz bestows Negeri Sembilan state honours on three Undangs, consorts

Malaysia’s data centre market is projected to grow at a compound annual growth rate (CAGR) of 33%t from 2025 to 2030, according to S&P Global Ratings.

Malaysia's data centre market projected to grow 33% CAGR from 2025-2030 — S&P Global Ratings

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

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.

Indonesia's stock market is no longer worthy of "emerging market" status, MSCI said on Friday, laying out a plan to expel it from a suite of indices tracked by funds, a shock move that sparked the steepest one-day drop in Jakarta shares since 1998.

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.

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 stocks rebounded on Friday following heavy selling in the previous session when investors dumped tech shares as questions about cloud company CoreWeave's debt pile fuelled worries about the financing driving the AI boom.

Most Asian stocks rise as calm returns after CoreWeave shock

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. 
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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.

Oil heads for weekly gain with Mideast supply risks

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

Singapore Prime Minister Lawrence Wong vowed to investigate firms responsible for fires that have shrouded the city-state in haze for weeks, warning those found culpable could face legal action.

China’s campaign to promote the global use of the yuan appears to be accelerating as the authorities seek to build a more comprehensive financial ecosystem for the currency beyond just trade settlement.

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

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

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

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.

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