To view the Prime Minister's entire speech, click here

* Budget 2017's allocation stands at RM260.8 bil; is up 3.4% from recalibrated Budget 2016

...

Budget 2017 Highlights

To view the Prime Minister's entire speech, click here

* Budget 2017's allocation stands at RM260.8 bil is up 3.4% from recalibrated Budget 2016

...

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

Big Caring, Zetrix AI, Heitech Padu, SD Guthrie, YTL Power, Mega Fortris, GIIB, JF Technology, TSH Resources, BAT Malaysia, Mi Technovation, Axis REIT, Chin Teck Plantations, Taghill &SLGC 

The cost of insuring against losses on Alphabet Inc’s debt rose on Thursday as its shares plummeted, after disappointing results intensified fears that its massive bet on debt-funded artificial intelligence (AI) spending may fail to pay off.

Google debt-risk gauge rises as earnings revive AI debt jitters

Mi Technovation Bhd (KL:MI) posted record earnings in the third quarter ended Sept 30, 2026 (3QFY2026), driven by higher sales volume, improved average selling prices and optimised product mix.

Mi Technovation 3Q profit surges 85% on strong semiconductor demand

SD Guthrie Bhd (KL:SDG) has partnered with YTL Power International Bhd (KL:YTLPOWR) and Bumi Assets Sdn Bhd to develop a 1,623-acre industrial park in Bukit Kerayong, Selangor.

SD Guthrie to join hands with YTL Power, Bumi Assets to develop 1,623-acre Klang industrial park

Oil eased as fresh diplomatic efforts in the Middle East eroded some risk premium associated with a resumption of US military strikes on Iran.

Oil slides as traders weigh signs of tentative Iran diplomacy

European Central Bank (ECB) president Christine Lagarde played down the danger that inflation will spread beyond energy after news that she will step down early overshadowed Thursday’s decision to leave interest rates untouched.

Lagarde downplays inflation risk as ECB holds, announces her early exit

Spain’s government is working to clarify the causes behind a high-speed train crash that killed dozens of people — the country’s second major accident this year — and avoid further tragedies taking place, Prime Minister Pedro Sanchez said.

Sanchez says Spain focused on improving safety after rail crash

US inflation accelerated in September as consumers paid more for gasoline and other goods, supporting economists' expectations of an interest rate increase from the Federal Reserve in December.

US inflation heats up in September; consumer spending rises

Damage to a 750-millimetre concrete pipe has been identified as the cause of a sinkhole on Mayang Pasir Highway in Bayan Baru near here, with repair works expected to be completed by Nov 7.

Damaged concrete pipe caused Mayang Pasir sinkhole — Penang exco

The government is prioritising the Rural Roads Programme (JALB) project financing with the total allocation for 2026 rising to RM3.1 billion from the original allocation of RM2.11 billion, according to the Finance Ministry (MOF).

Rural Roads Programme prioritised, allocation increased to RM3.1b for 2026 — Amir Hamzah

The Court of Appeal (COA) has reversed a High Court decision and granted leave (permission) for lawyer Rosli Dahlan to challenge the Police and the Public Prosecutor's move to seize his four Amanah Saham Nasional Bhd (ASNB) accounts under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds from Unlawful Activities Act (AMLA).&nbsp;

Court of Appeal gives green light for lawyer Rosli Dahlan to challenge Public Prosecutor's move to seize his ASNB accounts

GENTING Bhd (KL:GENTING) made a cash call on Oct 9 to raise RM1.25 billion — 53 years after its first one.

The conglomerate, which was listed in 1971, called for a rights issue in 1973.

At that time, Genting’s call for more cash from shareholders was acceptable. It was a perio...

Cover Story: No further fundraising planned for now, says Genting 

Zetrix AI Bhd (KL:ZETRIX) told Bursa Malaysia in response to its queries that a dissolution event for its RM2 billion sukuk was triggered after it breached a covenant requiring managing director Wong Thean Soon to remain its largest shareholder.

Zetrix AI tells Bursa dissolution event for RM2 bil sukuk triggered but no immediate repayment of RM2.16 bil required

<div class="content-side-bar-box" style="background-color: lightblue; color: black;">
Summary

<ul>
	<li>Long considered a safe- haven stock by retail investors, Genting Bhd’s status as a cash cow diminished after the company called for...

Cover Story: Debt repayment looms for Genting

SD Guthrie Bhd (KL:SDG) has partnered with YTL Power International Bhd (KL:YTLPOWR) and Bumi Assets Sdn Bhd to develop a 1,623-acre industrial park in Bukit Kerayong, Selangor.

A total of 13 members of Parliament, including former prime minister and Bersatu president Tan Sri Muhyiddin Yassin and Muda’s Syed Saddiq Syed Abdul Rahman, signed a confidence-and-supply agreement (CSA) with the federal government on Thursday, strengthening Prime Minister Datuk Seri Anwar Ibrahim’s position in Parliament.

Govt signs confidence-and-supply deal with 13 MPs, including Muhyiddin and Syed Saddiq, strengthening support for Anwar 

Zetrix AI Bhd's (KL:ZETRIX) wholly owned unit MyEG Sdn Bhd has received a RM353.13 million tax bill from the Inland Revenue Board (IRB) over transfer pricing matters for the years of assessment 2021 to 2023.

Zetrix AI’s MyEG unit hit with RM353.13 mil tax bill, govt files suit

Investors flocked to SKA Capital Bhd’s initial public offering (IPO) ahead of its ACE Market listing, with demand exceeding the shares available to the Malaysian public by 80.42 times.

SKA Capital’s ACE Market IPO oversubscribed by 80.42 times

Property developer Parkland Bhd has secured approval from the Securities Commission Malaysia for its proposed listing on the Main Market.

Parkland: Regulator green-lights Main Market IPO

Big Caring Group Bhd, Malaysia’s biggest pharmacy chain operator en route to the Main Market, said it is aiming to add up to 50 stores annually over the next five years.

Big Caring aims to add up to 50 stores a year in next phase of growth

The Home Ministry has decided to redeploy Malaysian Border Control and Protection Agency (AKPS) director general Datuk Seri Mohd Shuhaily Mohd Zain to the Royal Malaysian Police (PDRM), where he previously served.

Mohd Shuhaily to return to police force, says Saifuddin Nasution

FROM a single casino in Genting Highlands, established by the late Tan Sri Lim Goh Tong in the 1960s, the Genting group has grown into a diversified conglomerate with interests spanning gaming, hospitality, leisure and property. It now has gaming operations in multiple markets worldwide.

<...

Cover Story: As the group expanded, so too did its debt burden 

British American Tobacco (Malaysia) Bhd (KL:BAT) reported a 66.54% decline in net profit for the third quarter amid higher restructuring expenses.

BAT Malaysia 3Q net profit falls 67% as restructuring costs bite

The government is gathering industry feedback on a proposal to temporarily suspend crude palm oil (CPO) export duties to ease stock pressure and boost exports, Plantation and Commodities Minister Datuk Seri Dr Noraini Ahmad said.

Govt gathering industry feedback on proposal to suspend CPO export duties — minister

Two companies linked to businessman Datuk Ng Meng Kee saw sharp declines in their share prices on Thursday, prompting Bursa Malaysia to query one of them.

Two companies linked to businessman Ng Meng Kee see sharp dive in share price, Bursa queries one of them

HeiTech Padu Bhd (KL:HTPADU) said it is no longer collaborating with Zetrix AI Bhd (KL:ZETRIX) on the RM1.05 billion National Integrated Immigration System (NIISe) project, after both parties mutually agreed not to extend their teaming agreement.

HeiTech Padu says no longer working with Zetrix AI on NIISe, assures no impact on project

This year is an exciting year for investors, with the initial public offerings (IPOs) of some of the world’s most exciting technology companies, including Space Exploration Technologies Corp (SpaceX) and the upcoming artificial intelligence (AI) firm Anthropic.

Getting a slice of Anthropic before its IPO

One of the three Court of Appeal (COA) judges hearing the federal government’s appeal over the Sabah revenue issue on Thursday quizzed parties as to what had transpired between the federal and Sabah governments between 1969 to 2021 that had resulted in them not agreeing to a review between them to increase the state’s revenue.

What happened during 'the lost years', asks COA judge on decades-delayed Sabah-federal revenue review

Australian mining and materials company, Lynas Rare Earths Ltd is planning a month-long &nbsp; shutdown of its Malaysian processing plant in the quarter ending in December, but is confident it has enough stockpiles to meet customer demand.

Lynas to shut Malaysia plant for a month, but confident stockpiles can fulfil orders

Geely Automobile Holdings Ltd’s third-quarter performance failed to convince investors concerned about a worsening outlook in the Chinese manufacturer’s main export markets. 
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Budget 2017 Highlights

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