Comfort Gloves Bhd (KL:COMFORT) said on Friday it will settle a two-year tax dispute with the Inland Revenue Board for RM8.3 million.

Comfort Gloves reaches RM8.3m settlement with Inland Revenue Board over tax bill

Ahmad Zaki Resources Bhd (KL:AZRB) has secured a three-month restraining order that will shield it from legal action by its creditors, giving the group time to work out a proposed scheme of arrangement.

AZRB gets three-month restraining order from High Court against creditors

The 10 Negeri Sembilan executive councillors' constitutional challenge to their expulsion by Yang di Pertuan Besar Tuanku Muhriz Tuanku Munawir will be heard in the Federal Court on Dec 16.

Apex court to hear NS excos' constitutional challenge on Dec 16

Home Minister Datuk Seri Saifuddin Nasution Ismail and the Registrar of Societies (ROS) have appealed the High Court’s decision to temporarily halt the deregistration of Perikatan Nasional (PN).

Home minister, ROS appeal High Court ruling halting PN deregistration ahead of Melaka polls

The Court of Appeal has upheld a lower court ruling that affirms the power of the Commissioner of Buildings to intervene if a property's management body had not held an annual general meeting for some time.

Appeals court affirms building regulator's power to force residents' committee election

A former company director, Datuk Seri Liew Kok Leong, has been charged with criminal breach of trust (CBT) of RM5.5 million funds belonging to a private limited entity. In addition, Liew was charged for money laundering.

Former director charged with CBT for misappropriating RM5.5 mil of company funds

A recent panel session on “The Safeguarded Boardroom” featuring Pav Gill, whose disclosures helped expose the Wirecard scandal, is a timely reminder that corporate governance is tested not by the policies an organisation adopts, but by what happens when someone with courage raises an uncomfortable truth.

Opinion: Is silence a safeguard? Whistleblowing, AI governance and the real test of accountability

The appellate court has unanimously ruled that the Inland Revenue Board (IRB) has to return tax collected on compensation from properties or land that are forcefully acquired by the authorities.

IRB must return tax collected on compensation from forcefully acquired property, says appellate court

Perikatan Nasional gets to contest the Nov 14 Melaka election under its own banner after the High Court here on Thursday stayed its deregistration by the Registrar of Societies.

High Court stays PN deregistration, allowing bloc to contest Melaka polls   

The High Court on Thursday dismissed an application to hold the entire civil suit proceedings over the fatal stabbing of a schoolgirl in Bandar Utama, Petaling Jaya, last year in camera, ruling that the public would benefit from knowing what transpired.

Court dismisses bid to hold Bandar Utama schoolgirl-stabbing civil suit in camera

Two former senior Lembaga Tabung Haji (TH) officials pleaded not guilty in the Sessions Court here on Thursday for cheating the board of directors in relation to hibah payments totalling RM3.3 billion for the 2017 financial year.

Ex-Tabung Haji CEO, CFO claim trial to cheating board to facilitate RM3.3 bil hibah payment

Fourteen individuals (14), including 11 Chinese nationals, were each fined RM4,500 by the Magistrate's Court here on Thursday after pleading guilty to charges of criminal conspiracy related to online scams on October 7 and 12.

Eleven Chinese nationals among 14 individuals fined RM4,500 each for online fraud

A total of 43 individuals, including three Malaysians, were fined between RM1,000 and RM9,000 by three Magistrate’s Courts here on Thursday for using forged identity cards or copies of identity cards belonging to other people.

Three Malaysians, 40 foreigners fined for using forged, others' identity cards

A class-action lawsuit has been filed in an Australian court against Meta Platforms' Facebook and Instagram that alleges the social media platforms exposed children to harmful content and kept them addicted through algorithms.

Meta sued in Australian class action over alleged social media harm to children

Datuk Seri Ab Rauf Yusoh will remain Melaka Chief Minister should Barisan Nasional (BN) and its strategic partners win the state election next month, said Datuk Seri Dr Ahmad Zahid Hamidi.

Ab Rauf to remain Melaka CM if BN wins state polls — Ahmad Zahid

Prime Minister Datuk Seri Anwar Ibrahim has urged the country's industrial sector to be more dynamic and creative in responding to rapid changes in the global economy, particularly through the mastery of new technologies, research and development (R&D), and innovation.

Anwar urges industry to embrace technology, innovation to stay competitive

Malaysia's success will depend on its ability to elevate many small and medium enterprises (SMEs) into key industry players and help them penetrate international markets, said Prime Minister Datuk Seri Anwar Ibrahim.

Elevating SMEs to be global players key to Malaysia’s success — Anwar

The tech-heavy Nasdaq edged higher on Friday, helped by signs of stabilisation in some tech stocks, while telecom shares tumbled on concerns that SpaceX's entry in the sector could heighten competition and threaten their market share.

Nasdaq ticks up as tech stocks steady; SpaceX worries hit telecoms

A NYSE options exchange has suspended trading, causing other exchanges to disregard quotes from the venue.

NYSE options exchange trading halted by ‘technical issue’

US consumer sentiment edged down to a five-month low in October as high prices and rising interest rates depressed morale.

US consumer sentiment slips to five-month low on inflation

Former Atlan Holdings Bhd (KL:ATLAN) CEO Datuk Lee Kok Khee has become a substantial shareholder in AWC Bhd (KL:AWC) through a share purchase by Mastrack Sdn Bhd, a company he owns.

Former Atlan CEO Lee Kok Khee emerges as substantial shareholder in AWC

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

Zetrix AI, Astro, Maxis, CelcomDigi, Yinson, Malakoff, Solarvest, YTL Hospitality REIT, Hong Leong Capital, Redtone Digital, Affin Bank & Comfort Gloves

Global data centre spending is expected to hit US$1 trillion (RM4.1 trillion) in 2026 and more than double to US$2.1 trillion by 2028, BofA Global Research estimated in a note on Friday, driven by growing demand for and development of AI services.

Data centre spending to more than double to US$2.1 tril by 2028

Zetrix AI Bhd (KL:ZETRIX) has offered 788.83 million employee share options at a 28% discount to its Friday closing price, with recipients able to exercise them immediately, as the group faces cash flow pressures and a sukuk covenant breach.

Zetrix AI offers 789 mil share options at 28% discount amid cash flow, sukuk pressures

Zetrix AI Bhd (KL:ZETRIX) said it will hold another sukukholders’ meeting after parties failed to reach a deal on Friday to address a covenant breach involving its RM2 billion sukuk by the deadline.

Zetrix AI sukukholders fail to reach deal, new meeting planned

Datuk Seri Robin Tan Yeong Ching has been appointed executive deputy chairman of REDtone&nbsp;Digital Bhd (KL:REDTONE).

Vincent Tan’s son named REDtone Digital executive deputy chairman

Parti Bersama Malaysia (Bersama) leader Datuk Seri Rafizi Ramli has instructed his lawyers to file a defamation suit against Human Resources Minister Datuk Seri R Ramanan over remarks made at a press conference on Thursday.

Rafizi to sue Ramanan after minister declines legal action over RM9.5 mil claim

Astro Malaysia Holdings Bhd (KL:ASTRO) is proposing to dispose of its broadband business to Maxis Bhd (KL:MAXIS) for up to RM83 million in cash, as the group seeks to refocus resources on its core content, advertising and entertainment businesses.

Astro to sell broadband business to Maxis for up to RM83 mil

Zetrix AI Bhd (KL:ZETRIX) has offered 788.83 million employee share options at a 28% discount to its Friday closing price, with recipients able to exercise them immediately, as the group faces cash flow pressures and a sukuk covenant breach.&nbsp;

Two third-generation members of the Yeoh family have taken up alternate executive director roles at YTL Hospitality Real Estate Investment Trust (KL:YTLREIT), with Yeoh Keong Shyan switching from representing his aunt to his father, while Yeoh Pei Xien has been newly appointed to the role.

Yeoh family board changes continue at YTL Hospitality REIT with two alternate director moves

The Sarawak assembly will be dissolved next Monday to enable the state election to be called, said Premier Tan Sri Abang Johari Tun Openg.

Sarawak assembly to dissolve next Monday, paving way for state polls 

UK-based insurer Prudential plc has emerged as a substantial shareholder in Solarvest Holdings Bhd (KL:SLVEST), with a 5.25% stake in the clean energy and solar photovoltaic specialist.

UK-based insurer Prudential plc emerges as substantial shareholder in Solarvest with 5.25% stake

Affin Bank Bhd (KL:AFFIN) on Friday named industry veteran Doreen Choo Choy Wan as the head of its asset management arm, effective immediately.

Affin names Doreen Choo as asset management division CEO

Public confidence in Malaysia’s law enforcement agencies and institutions depends on the rule of law being applied fairly and consistently to all. This means allegations of wrongdoing must be investigated and tried without fear or favour. It also means every person charged is entitled to the pres...

Opinion: G25 statement on due process and public service

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

JSW Steel Ltd’s fiscal second-quarter (2Q) profit more than tripled beating expectations, as India’s infrastructure buildout drove prices higher.

JSW Steel’s 2Q profit more than triples on higher prices

CelcomDigi Bhd’s (KL:CDB) wholly-owned subsidiary, CelcomDigi Telecommunications Sdn Bhd, has lodged a proposed Islamic medium-term notes (sukuk) programme of up to RM10 billion in nominal value with the Securities Commission Malaysia (SC).

CelcomDigi unit seeks to raise up to RM10b for refinancing, capex, working capital

Malaysian navigation app TuJu has apologised to users for recent technical disruptions and expects to restore stable navigation services within two weeks.

TuJu apologises for losing its way, targets recovery within two weeks

Bank Negara Malaysia and Bank of Thailand on Friday joined Singapore’s public-private digital money initiative as policymaker members.

Malaysia, Thailand join Singapore's Bloom digital money initiative

The Malaysian Highway Authority (LLM) and Prosignal Consortium Sdn Bhd have been asked to provide a detailed explanation of problems affecting users of the local navigation app TuJu, including their causes, technical issues and corrective measures.

Malaysian Highway Authority, Prosignal should provide explanation over TuJu app glitches — Fahmi

China should offer more support to families to stabilise the number of new births, the cabinet said, as policymakers seek to address the country's population decline and record-low birth rate.

The government should refine policies including those related to marriage, childbirth, child-rearing and education, and optimise taxation, social security and housing to build a "fertility-friendly society", the State Council, or cabinet, said at a meeting on Friday, according to a readout aired by state television.

China aims to stabilise number of new births with policy support

Graduates earning between RM2,501 and RM3,000 a month will only need to repay their National Higher Education Fund Corporation (PTPTN) loans at a minimum rate of RM50 per month, with the flexibility announced in Budget 2027.&nbsp;

Deputy Higher Education Minister Adam Adli Abdul Halim said the loan repayment flexibility initiative is expected to benefit more than 400,000 people, helping to ease the financial burden on graduates who have just entered the workforce.&nbsp;

PTPTN: Graduates earning RM2,501-RM3,000 to pay minimum RM50 monthly — Adam Adli

Developers of a new US-backed undersea data cable linking Malaysia, Vietnam, Singapore and Thailand will this month select a cable supplier between Japan's NEC and France's Alcatel Submarine Networks, a project executive told Reuters.

New US-backed Southeast Asia data cable to pick NEC or Alcatel as supplier, developer says

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

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