The Ministry of Health (MOH) will recommend absorbing contract dental and pharmacy officers into permanent positions for the consideration of the Ministry of Finance and the Cabinet, in an effort to ensure the future and welfare of these groups are safeguarded.

MOH will recommend absorbing dental and pharmacy officers — Dzulkefly

US stock indices were mixed on Monday, with tech heavyweights facing heat as oil prices touched their highest in about two weeks ahead of big bank earnings and inflation data due later in the week that couldpotentially steer the Fed's policy path.

Oil rally pressures S&P, Nasdaq; Microsoft, Salesforce buoy Dow

The absence of accurate numbers of individuals without identification documents poses a challenge for the National Registration Department (JPN) in identifying the Orang Asli and indigenous communities who are still left out of the national registration system.

JPN faces challenge in identifying affected groups due to lack of identification documents

LVMH’s biggest division posted a slump in sales last quarter as its key Louis Vuitton brand suffered from a boycott in China.

LVMH sales at key unit fall as China woes hurt Louis Vuitton

The government is confident it can spend the RM510 billion allocated in Budget 2027 without introducing any new taxes, says Minister of Finance II Datuk Seri Amir Hamzah Azizan.

Budget 2027: Govt confident of RM510 bil expenditure without introducing new taxes — Amir Hamzah

The iron and steel sector is among those frequently facing pressure from dumped imports of intermediate goods, with eight of Malaysia’s nine existing anti-dumping measures covering products in the sector.

Eight of Malaysia’s nine anti-dumping measures cover iron, steel products — Miti

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

AirAsia, IJM, Zetrix AI, IOI Properties, MN Holdings, Swift Energy, Kinergy, iCents, Infomina, LAC Med 

Malaysia will raise the issue of transboundary haze at an Asean foreign ministers’ meeting ahead of the bloc’s 49th Summit in Manila, the Philippines, next month to discuss more effective regional mechanisms to tackle the problem.

Malaysia to raise haze issue at Asean foreign ministers’ meeting — Tok Mat

The Ministry of Investment, Trade and Industry (Miti) is implementing a carbon capture, utilisation, and storage (CCUS) pilot project at an iron and steel plant on the East Coast, expected to be finalised by the end of 2027.

Iron and steel industry CCUS pilot project expected to be finalised by end-2027 — Miti

US authorities conducted a predawn raid on Monday on the Washington-area home of Democratic US Representative Ilhan Omar of Minnesota, an outspoken critic of Donald Trump who has been the target of political insults by the Republican president, as part of an ongoing investigation, the Justice Department said.

US immigration authorities raid Democratic congresswoman Ilhan Omar's home

Zetrix AI Bhd’s (KL:ZETRIX) managing director Wong Thean Soon, better known as TS Wong, has continued to sell down his shareholding, further reducing his stake in the company.

TS Wong’s stake in Zetrix falls further, independent director Mohd Mokhtar resigns

IJM Corporation Bhd (KL:IJM) has secured a RM1.23 billion contract from AT&amp;S Austria Technologie &amp; Systemtechnik (Malaysia) Sdn Bhd to construct semiconductor manufacturing facilities at the Kulim Hi-Tech Park in Kedah.

IJM bags RM1.23 bil contract to build AT&S semiconductor manufacturing facilities in Kedah

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

MN Holdings Bhd (KL:MNHLDG) has secured a RM293.88 million contract to build two high-voltage power facilities for a data centre development in the central region of Peninsular Malaysia. 
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MN Holdings bags RM294 mil job to build power facilities for a data centre

The government is in discussions with Tenaga Nasional Bhd (KL:TENAGA) and the Energy Commission (EC) on measures it can take to subsidise households’ electricity next year, as fuel costs are expected to remain elevated.

Govt in talks with TNB, regulator on electricity subsidy measures for 2027

Steel manufacturer Malaysia Steel Works (KL) Bhd (KL:MASTEEL) on Monday announced the acquisition of a&nbsp;51% stake in a high-voltage electrical engineering firm for RM12 million&nbsp;to expand into power infrastructure and data centre construction,&nbsp;as well as a proposed placement of nearly 4% of its issued share base to raise up to&nbsp;RM5.78 million for working capital.

Masteel announces 51% stake buy in power infra firm and private placement to raise working capital funds

Oil and gas services provider Deleum Bhd (KL:DELEUM) has entered into a heads of agreement (HOA) to sell its 86.67% stake in Deleum Technology Solutions Sdn Bhd (DTS) to Ocean Vantage Holdings Bhd (KL:OVH) for RM13 million cash.&nbsp; 
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Deleum plans RM13 mil disposal of technology solutions unit to Ocean Vantage

IOI Properties Group Bhd (KL:IOIPG) is eyeing a 50% stake in One Raffles Place, an integrated commercial development in Singapore’s central business district.

IOI Properties looking to take 50% stake in Singapore’s One Raffles Place

Just over a year after completing a private placement, Edelteq Holdings Bhd (KL:EDELTEQ) plans to undertake another private placement seeking to raise up to RM26.75 million.

Edelteq plans another private placement to raise up to RM27 mil

LVMH’s biggest division posted a slump in sales last quarter as its key Louis Vuitton brand suffered from a boycott in China. 
&nbsp;

HSBC Holdings Plc will phase out fixed-pay allowances for its senior staff and instead hand out a greater proportion of its compensation in the form of bonuses, becoming the latest UK lender to switch to Wall Street-style remuneration to better align with performance. 
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HSBC moves to Wall Street bonus model, cuts fixed-pay deals

Yang di-Pertuan Besar of Negeri Sembilan, Tuanku Muhriz Tuanku Munawir, has decided not to attend the Conference of Rulers meeting, scheduled for Oct 13 to 15, to focus on state affairs, particularly the ceremony concerning the appointment of the Undang of Jelebu. 
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Tuanku Muhriz will not attend Conference of Rulers meeting

US stock indices were mixed on Monday, with tech heavyweights facing heat as oil prices touched their highest in about two weeks ahead of big bank earnings and inflation data due later in the week that couldpotentially steer the Fed's policy path.

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

FBM KLCI up 0.59% to 1,618.01 on Oct 12, 2026

Power distribution outfit Swift Energy Technology Bhd (KL:SET) said it has secured a contract to engineer and supply a 11kV substation for a gas compression plant in Johor, marking its first engineering, procurement, construction, and commissioning (EPCC) project. 
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 Swift Energy in first substation EPCC for gas compression plant in Johor

Medical technology solutions provider LAC Med Bhd (KL:LACMED) has secured a seven-year contract worth up to RM20 million to supply medical imaging equipment and related services to an upcoming specialist healthcare centre in Petaling Jaya, Selangor.

LAC Med bags RM20m imaging equipment supply contract for new PJ medical centre 

The High Court here on Monday ruled that contempt proceedings brought by the Malaysian Communications and Multimedia Commission against blogger Papagomo should proceed before a hearing to extend court curbs (inter partes injunction) on his social media use.

High Court to hear MCMC’s contempt proceedings against Papagomo before deciding on social media curbs

Several top energy executives were dropped from the schedule of the WPC Energy Congress in Riyadh, as Saudi authorities pressed ahead with the event despite deadly attacks on the capital claimed by Yemen's Iran-aligned Houthis.

Top oil executives dropped from event schedule after Riyadh attacks

Middle-income earners (M40) are among those benefitting from Budget 2027 through an increase in the individual tax relief limit to RM12,000 from RM9,000, alongside RM100 under the Sumbangan Asas Rahmah (Sara) Madani assistance to be disbursed twice next year to eligible adult Malaysians.

M40 to benefit from Budget 2027 tax relief, Sara aid — Treasury secgen

Malaysia and Jordan are seeking to expand strategic cooperation in high-tech industries, particularly semiconductors and advanced technical education and training, to develop more engineers and skilled workers for future industry needs.

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