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

UWC, F&N, Astro, Divfex, Zetrix AI, Batu Kawan, MKH, Chin Hin Group Property, ES Sunlogy, Solid Automotive

The Malaysian Communications and Multimedia Commission (MCMC) is demanding a comprehensive explanation from Meta regarding issues involving WhatsApp accounts that have been suspended, rendered inaccessible, or accessed without authorisation.

MCMC seeking explanation from Meta over WhatsApp issues 

UWC Bhd (KL:UWC) achieved record performance for its financial year 2026, following a more than doubling of its fourth quarter earnings.

UWC ends FY2026 with record numbers as 4Q profit more than doubles

Companies seeking dual listings on the main boards of the Kuala Lumpur and Hong Kong bourses only need one centralised, coordinated submission.

Simplified procedure for simultaneous IPO listing in Malaysia and Hong Kong takes effect

“At the pleasure of the King” — what if the King is displeased?
The phrase is not what it seems.
Many have misinterpreted it. And a great many have given the phrase its literal meaning, forgetting and, in some cases, even in ignorance, that it is a legal phrase that has its own lega...

Opinion: At the pleasure of the King

EP Manufacturing Bhd (KL:EPMB) has announced the resignation of its group chief executive officer Ahmad Razlan Mohamed, 50, with immediate effect.

EP Manufacturing group CEO Ahmad Razlan Mohamed resigns

ES Sunlogy Bhd (KL:SUNLOGY) slipped into the red in the last quarter of its financial year, citing one-off impairment losses on trade receivables, property, plant and equipment.

Impairments drag ES Sunlogy into the red in 4Q as full-year profit shrinks 91% 

One of the brothers who co-founded Solid Automotive Bhd (KL:SOLID), Ker Boon Kee, has transferred his shares in the company to his children, making his son and executive director Ker Keddy the company’s second-largest shareholder.

Solid Automotive’s co-founder Ker Boon Kee transfers shares to children, son Keddy emerges as second-largest shareholder

Micro, small and medium enterprises (MSMEs) will be temporarily exempted from any new minimum wage increase, Entrepreneur and Cooperatives Development Minister Steven Sim Chee Keong said on Wednesday.

MSMEs temporarily exempted from new minimum wage hike, says minister

The implementation of the multi-lane fast flow (MLFF) tolling system will not be rushed, with stakeholders given more time to finalise the arrangements, said Works Minister Datuk Seri Alexander Nanta Linggi.

Multi-lane fast flow implementation not to be rushed for toll collection — minister

Willowglen MSC Bhd (KL:WILLOW) has secured a RM24.9 million contract, its second win within a week, through its soon-to-be divested Singapore subsidiary Willowglen Services Pte Ltd.

Willowglen unit scores second win this week with RM25m in Singapore deals amid divestment

Batu Kawan Bhd’s (KL:BKAWAN) unconditional mandatory takeover of MKH Bhd (KL:MKH) has crossed the 95% threshold, paving the way for the property developer’s delisting.

Batu Kawan’s takeover of MKH crosses 95%

Zetrix AI Bhd (KL:ZETRIX) and IPVG Employees Inc have agreed to extend by three months the deadline to complete the Malaysian company's purchase of a 50% stake in Philippines-based MyEG Ventures Inc.

Zetrix AI, IPVG Employees extend deadline of MyEG Ventures deal by three months

Divfex Bhd (KL:DFX) said it has secured two contracts worth RM120.12 million to supply equipment for a 15MW data centre fit-out in Penang.

Divfex wins RM120m data centre equipment jobs in Penang

European Central Bank chief Christine Lagarde said it would "not be a good idea" to run in France's 2027 presidential race, telling newspaper La Croix on Wednesday that if she were to step down early from the bank in 2027, it would only be by a few months.

ECB's Lagarde says it 'would not be a good idea' to run for French president

The co-pilot of a flight from Dubai to Tel Aviv tried to crash the plane after stabbing the pilot, but passengers subdued him while other pilots landed the plane safely in Saudi Arabia, Israeli officials said on Wednesday.

Passengers overcame pilot who tried to crash flydubai flight, Israel says

The Federal Trade Commission is opening a sweeping probe into Anthropic, OpenAI and other AI labs to uncover the potential dangers their technology poses to consumers, a source familiar with the matter told Reuters on Wednesday.

FTC opens probe into AI giants including Anthropic and OpenAI — Reuters

The Reserve Bank of India’s net short dollar book rose past US$200 billion (RM815.9 billion) for the first time, reflecting surging future repayment obligations from a dollar diaspora programme to support the rupee.

RBI’s short dollar book surges past US$200 bil on forex plan

Wall Street's main indices gained on Wednesday, as a softer-than-anticipated inflation reading buoyed hopes that the Federal Reserve might not hike rates as soon as next month.

Wall Street climbs as cooling inflation tempers Fed rate-hike concerns

Zetrix AI Bhd (KL:ZETRIX) and IPVG Employees Inc have agreed to extend by three months the deadline to complete the Malaysian company's purchase of a 50% stake in Philippines-based MyEG Ventures Inc.

The US trade deficit in goods widened sharply in August amid a surge in imports, suggesting that trade could remain a drag economic growth in the third quarter.

US goods trade deficit widens sharply in August

IOI Properties Group Bhd (KL:IOIPG) and Marriott International Inc have expanded their strategic relationship with the signing of a portfolio deal for four new hotels in Malaysia.

IOI Properties expands hospitality pipeline with four new Marriott hotels totalling 888 rooms

“At the pleasure of the King” — what if the King is displeased? 
The phrase is not what it seems. 
Many have misinterpreted it. And a great many have given the phrase its literal meaning, forgetting and, in some cases, even in ignorance, that it is a legal phrase that has its own lega...

Batu Kawan Bhd’s (KL:BKAWAN) unconditional mandatory takeover of MKH Bhd (KL:MKH) has crossed the 95% threshold, paving the way for the property developer’s delisting.

Chin Hin Group Property Bhd (KL:CHGP) is selling its&nbsp;entire equity interest in four loss-making subsidiaries involved in the commercial vehicle and bodyworks business for a combined RM62 million in cash, to focus on its property development business.

Chin Hin Group Property exits commercial vehicle business in RM62m cash deal

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

Astro Malaysia Holdings Bhd (KL:ASTRO) sank into the red in the May-July quarter — its first quarterly loss since late 2023 — dragged by unrealised foreign exchange losses while its top line declined on lower subscription revenue.

Forex losses, lower subscription revenue pull Astro into the red

One of the brothers who co-founded Solid Automotive Bhd (KL:SOLID), Ker Boon Kee, has transferred his shares in the company to his children, making his son and executive director Ker Keddy the company’s second-largest shareholder.

Bank Negara Malaysia (BNM) is seeking feedback on proposed new rules on insurance and takaful providers meant to strengthen protections on policy owners.

Bank Negara seeks feedback on proposed tighter rules on insurance and takaful sales pitches

EP Manufacturing Bhd (KL:EPMB) has announced the resignation of its group chief executive officer Ahmad Razlan Mohamed, 50, with immediate effect.

Retail prices of unsubsidised petrol and diesel are set to fall from Thursday, Oct 1, as average global crude oil prices moderate after Saudi Arabia’s East-West pipeline resumed operations.

Unsubsidised fuel prices to fall from Oct 1, diesel down 15 sen

Companies seeking dual listings on the main boards of the Kuala Lumpur and Hong Kong bourses only need one centralised, coordinated submission.&nbsp;

Divfex Bhd (KL:DFX) said it has secured two contracts worth RM120.12 million to supply equipment for a 15MW data centre fit-out in Penang.

ES Sunlogy Bhd (KL:SUNLOGY) slipped into the red in the last quarter of its financial year, citing one-off impairment losses on trade receivables, property, plant and equipment.

Chinese President Xi Jinping called for advancing efforts towards "reunification" with Taiwan, the self-ruled island Beijing claims as its own, in a speech on Wednesday on the eve of China's national day.

China's Xi calls for progress towards unification with Taiwan

Malaysia is still awaiting a response from Indonesia regarding efforts to send assistance to help extinguish forest and land fires in the country that have caused cross-border haze.

Haze: Malaysia awaiting Indonesia's response before sending assistance, says Fahmi

Wall Street's main indices gained on Wednesday, as a softer-than-anticipated inflation reading buoyed hopes that the Federal Reserve might not hike rates as soon as next month.

The Malaysian Communications and Multimedia Commission (MCMC) is demanding a comprehensive explanation from Meta regarding issues involving WhatsApp accounts that have been suspended, rendered inaccessible, or accessed without authorisation.

Exsim Hospitality Bhd (KL:EXSIMHB) said on Wednesday that it has secured three subcontracts worth RM27 million for construction works.

Malaysia

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