CNBC's Hadley Gamble and Steve Sedgwick discuss the mega initial public offering that has almost 30 investment banks working on it.</div><div class=inPageAd id=div-gpt-ad-inpage>

Saudi Aramco IPO prospectus released but key details absent

The US Federal Aviation Administration (FAA) warned operators of certain Boeing Co 737 aircraft that the rudder system could possibly jam due to a faulty part, a week after a safety official rebuked the agency for not acting sooner to address the issue.

FAA issues safety alert on Boeing 737 rudder issue after NTSB rebuke

Efforts to strengthen national unity require the synergy of various parties including the people by participating in various programmes implemented by the government through the Ministry of National Unity.

Build unity through stronger synergy between govt and people

Minister in the Prime Minister's Department (Federal Territories) Dr Zaliha Mustafa said she held discussions with the mayor of Hangzhou (China) Yao Gaoyuan on Tuesday to strengthen "twin cities" cooperation between Kuala Lumpur and Hangzhou.

Zaliha in talks with mayor for KL-Hangzhou smart co-operation as twin cities

Asean micro, small and medium enterprises (MSMEs) should benefit from the US$2 trillion (RM8.55 trillion) expected economic value generated from the Digital Economy Framework Agreement (DEFA) by 2030.

Asean MSMEs should benefit from Digital Economy Framework Agreement

Prime Minister Datuk Seri Anwar Ibrahim has arrived in the Laotian capital here to attend the 44th and 45th Asean Summits and Related Summits.

His aircraft landed at Wattay International Airport at 8.37pm local time (9.37pm Malaysian time).

Anwar arrives in Vientiane for Asean Summits and Related Summits

The Enforcement Agency Integrity Commission (EAIC) has seized 156 Social Visit Pass (Medical Treatment Pass category) application files believed to be linked to a medical visa syndicate involving Immigration Department officers.

EAIC seizes 156 files in probe on medical visa syndicate involving immigration officers

The Dewan Bahasa dan Pustaka (DBP) will increase the Malay language programme at several universities abroad in an effort to dignify the national language.

Dewan Bahasa to increase Malay language programmes in foreign universities

A brief recap of some business news and corporate announcements that made headlines on Tuesday.

Public Bank, LPI Capital, Ireka, Perdana Petroleum, MClean, Enest, Sunsuria, Media Prima, Seal and Sime Darby

The Co-operative Societies Act 1993 will be amended involving 96 original provisions in the Act which would be restructured and improved.

Entrepreneur and Cooperative Development Minister Datuk Ewon Benedick said the draft amendment which is currently being prepared will be brought to the Cabinet before it is expected to be tabled in Dewan Rakyat next year.

Co-operative Societies Act 1993 to be amended - Ewon

Brent crude futures, the international oil benchmark, fell US$4 a barrel on Tuesday as fears of supply interruptions from the conflict between Israel and Iran and a massive Gulf of Mexico hurricane eased.

Brent crude falls US$4 a barrel on easing supply fears

<p>KUALA LUMPUR (Oct 8): The appreciation of the Malaysian ringgit against the US dollar was “a bit fast” during the three-month span between July and October this year, which may disrupt business planning and cause companies to struggle to adjust prices and operations smoothly, according to the World Bank.&nbsp;</p>


Pace of ringgit’s appreciation was ‘a bit fast’, says World Bank lead economist

<p>SHAREHOLDERS of low-cost carrier Capital A Bhd (KL:CAPITALA) and AirAsia X Bhd (KL:AAX) will vote on the former’s proposed disposal of its aviation business to its medium-haul affiliate for RM6.8 billion at their extraordinary general meetings on Oct 14 and 16 respectively.</p>

<p>The corporat...

Diving deep into RM6.8 bil merger of AirAsia X, Capital A’s aviation assets

<p>BlackRock Inc and the hotel unit of Malaysian developer YTL Corp (KL:YTL) are set to purchase a group of serviced apartments in a prime office building in Singapore’s central business district (CBD), according to people familiar with the matter.</p>


BlackRock, YTL unit to buy Singapore's Citadines Raffles Place

<p>Trading in the securities of Public Bank Bhd (KL:PBBANK) will be suspended from 9am on Wednesday (Oct 9), pending a material announcement.</p>


Trading in Public Bank, LPI securities to be halted on Wednesday pending material announcement

<p>EXPECTATIONS are high that the proposed acquisition of a 10% stake in Ancom Nylex Bhd (KL:ANCOMNY) via a placement by Hamburg-based global chemical player HELM AG could bring about positive changes in the company.</p>

<p>At the present time, HELM has 5.04% equity interest in Ancom and once the...

Ancom’s new shareholder could spark interest in stock

<p>Media Prima Bhd (KL:MEDIA) has clarified that Tan Sri Syed Mokhtar Al-Bukhary remains a substantial shareholder of the media group.</p>


Media Prima clarifies Syed Mokhtar still its substantial shareholder 

<p>Ireka Corp Bhd (KL:IREKA), a Practice Note 17 (PN17) construction company, has secured a sub-contract worth RM1.07 billion for the upgrade of a section of the Pan Borneo Highway in Sabah.</p>


Ireka Corp secures RM1.07 bil highway upgrade job in Sabah

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EVENING 5: Five things you need to know today

<p>KUALA LUMPUR (Oct 8): The Energy Commission will announce the winning bids for the fifth round of the large scale solar (LSS5) programme in November this year, said its chief executive officer (CEO) Datuk Razib Dawood.</p>


Energy Commission to announce winning bids for fifth round of large scale solar programme in November

<p>(Oct 8):&nbsp;Malaysia will have to unwind blanket state support for its most widely used gasoline by this year for the government to meet its own subsidy spending target, according to the World Bank.</p>


Malaysia must cut petrol subsidy to meet budget aim, World Bank says

<p>KUALA LUMPUR (Oct 8): Crude palm oil (CPO) prices have been trading at a premium over soybean oil for eight months. The premium pricing, however, is not sustainable, according to David Mielke, senior analyst and director at ISTA Mielke GmbH (Oil World), because of expected higher CPO production c...

Premium on CPO prices over soybean oil is not sustainable, says Mielke

<p>Sunsuria Bhd (KL:Sunsuria) said it has won the exclusive rights to operate new British international schools in Malaysia, Singapore, Taiwan, Hong Kong, Japan, South Korea, India and other regions across Southeast and South Asia.</p>


Sunsuria awarded rights to run UK international schools in Southeast and South Asia

<p>A brief recap of some business news and corporate announcements that made headlines on Tuesday.</p>


<p>Wall Street's main indexes opened higher on Tuesday, as investors shifted their attention to the upcoming third-quarter earnings season and inflation data for hints on the Federal Reserve's future rate decisions.</p>


S&P 500, Nasdaq rise as investors focus on inflation data, 3Q earnings

<p>Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.</p>


FBM KLCI up 0.02% to 1,635.62 on Oct 8, 2024 

<p>Some 56% of existing offices in Kuala Lumpur need urgent modernisation to meet the current building codes energy efficiency requirements, according to French-based digital automation and energy management corporation Schneider Electric.</p>


Schneider Electric: More than half of KL's offices urgently need modernisation to meet energy efficiency standards

<p>Sime Darby Bhd (KL:SIME) is expanding its electric vehicle (EV) offerings as it is set to bring Denza, a premium sub-brand by BYD, into Malaysia.</p>

<p>Sime Darby's unit Sime Darby Auto Imports Sdn Bhd was appointed as the official importer for the Denza brand, while BYD Malaysia Sdn Bhd is the official distributor for Denza, according to BYD's statement. &nbsp;</p>


Sime Darby partners BYD to bring Denza EVs to Malaysia

<p>Malaysia is poised to exceed its national growth target in 2024 on the back of sound fiscal policies and an ongoing commitment to reforms under the Madani economic framework, said Finance Minister II Datuk Seri Amir Hamzah Azizan.</p>


Amir Hamzah: Malaysia's 2024 GDP on track to surpass national target

<p>KUALA LUMPUR (Oct 8): CIMB Securities welcomes the idea of raising the windfall profit levy (WPL) threshold by the government, in the upcoming Budget 2025, as such a move could boost the earnings of Malaysian plantation companies by up to 5%.</p>

<p>“We would view it positively if the governme...

CIMB: Higher windfall profit levy threshold may drive profit growth for Malaysian planters

<p>Singapore’s largest telecoms operator Singapore Telecommunications Ltd said its landline services were fully restored on Tuesday evening following a service disruption earlier in the day, according to a Facebook post.</p>
