Indonesian President Prabowo Subianto’s brother stressed the importance of a trusted and transparent local share market, saying the country must “mitigate the MSCI issue” and telling business leaders at a forum Thursday to stop “deep frying” stocks.

Prabowo’s brother sounds alarm over Indonesian stock market

Indonesia's financial regulator has handed over sanction letters to parties found to have violated trading rules in three listed companies, with fines totalling 2.1 trillion rupiah (US$116.67 million or RM475.14 million), it said late on Wednesday.

Indonesia issues record fines to companies over stock market violations

Stocks of Indonesian companies with high shareholding concentrations will be excluded from the Jakarta composite index starting from Nov 2, according to an announcement by the country's stock exchange on Thursday.

Indonesian stocks with high shareholding concentrations to be excluded from index starting Nov 2

Temasek Holdings Pte Ltd and GIC Pte Ltd denied claims by a former Indonesian trade minister that Singapore’s two biggest state-owned investors helped instigate Indonesia’s recent stock market collapse.

Singapore’s Temasek and GIC deny instigating Indonesian stock rout

Indonesia will remove stocks with concentrated ownership from its benchmark equities index, the latest effort to avert a possible downgrade of its market status by MSCI Inc.

Indonesia to exclude tightly owned stocks from benchmark index

Indonesian officials plan to meet with MSCI Inc executives on Monday after saying they were blindsided by the index provider’s threat to reclassify the country as a stand-alone market — a much more severe step than they thought was under discussion during months of talks.

Indonesia to meet with MSCI on Monday over index threat

JAKARTA (Oct 19): Indonesia's stock market operator halved the daily down limit on stock prices on Monday as authorities try to put the brakes on the market's heaviest-ever sell-off, unleashed by MSCI looking to cut Indonesia from its suite of investable indices.

Indonesian bourse halves price down limit to slow record-breaking sell-off

Indonesia's stock market is no longer worthy of "emerging market" status, MSCI said on Friday, laying out a plan to remove it from a suite of indices tracked by funds, a shock move that sparked the steepest one-day drop in Jakarta shares since 1998.

Indonesia gets 'wake-up call' as MSCI prepares to expel it from global indices

The 30% slide in Indonesia’s benchmark stock index this year has prompted one overseas fund to invest in the country for the first time.

Indonesia’s 30% stock rout lures Swedish fund in first-ever bet

Global funds are dipping back into Vietnamese stocks ahead of their inclusion in FTSE Russell’s emerging markets universe next week.

Vietnam stocks see early foreign flows as FTSE upgrade nears

FTSE Russell will defer certain index changes for Indonesian equities until at least its December review, giving it more time to assess the effectiveness of market reforms by local authorities.

FTSE defers Indonesia stock additions to indices until December

Bourse operator Singapore Exchange (SGX) reported record full-year earnings on Thursday on growth across its businesses, while also proposing a one-off additional dividend.

Singapore Exchange rings up record earnings, caps year with additional one-off dividend

Most Southeast Asian stock markets rallied on Friday, wrapping up a volatile week that saw heavy selling and sharp rebounds, as broad stimulus measures to mitigate the coronavirus pandemic's impact calmed investors' nerves.

Most markets rally as volatile week ends, Thailand leads gains

Malaysian shares fell for the third straight session on Thursday to close at their lowest in a month, while most other Southeast Asian stock markets were subdued as renewed Sino-US trade concerns weighed on risk sentiment in the region.

Malaysia falls, others trade in tight range

IN 2017, Wong Thean Soon debuted at 33 on Forbes’ list of Malaysia’s richest with a net worth of US$330 million, based on his shareholdings in My E.G. Services Bhd, since renamed Zetrix AI Bhd (KL:ZETRIX).

Forbes said of Wong and Zetrix AI back then, “In 2000, he launched MyEG Services ...

Cover Story: What’s left in Zetrix AI?

ZETRIX AI Bhd (KL:ZETRIX) has become a rudderless ship given its highly fragmented shareholding structure.

Beyond the forced sell-down of its shares held by its managing director Wong Thean Soon, several other shareholders have sold down their holdings, according to the latest sharehold...

Cover Story: Rudderless, with no clear controlling shareholder

Summary


	The company started as MyEG Services Bhd, providing an e-payment gateway for government departments. It was a shining star until Ma...

Cover Story: How T S Wong lost Zetrix AI’s tech narrative

DayOne Data Centers has secured a HK$1.86 billion (US$237 million or RM960 million) loan to help finance a project in Hong Kong, according to people familiar with the matter, adding to a slew of funding deals for the Singapore company as it seeks to expand globally.

Singapore's DayOne secures US$237 mil loan for Hong Kong data centre

Sentral REIT (KL:SENTRAL) saw its net property income (NPI) dip nearly 2% in the latest quarter as higher operating costs at Arcoris Mont Kiara offset the income gained from the new property.

Sentral REIT's 3Q net property income falls 1.8%, expenses rise, while occupancy reaches 90%

Sunway Construction Group Bhd (KL:SUNCON) announced that it has won a RM1.74 billion contract to build a hyperscale data centre in Bandar Serendah, Selangor.

Sunway Construction wins RM1.74 bil contract to build another data centre in Selangor

MBSB Research has valued Main Market-bound Big Caring Group Bhd at RM1.20 a share, an 11.1% premium to its initial public offering (IPO) retail price of RM1.08, as it expects the pharmacy chain to deliver stronger earnings growth than its retail peers.

MBSB Research values Big Caring at 11% premium to IPO price, citing faster growth than retail peers

theedgemalaysia.com highlighted two stocks with positive momentum and one stock with negative momentum at Bursa Malaysia's afternoon close on Thursday.

Stocks with momentum on Nov 5, 2026: Aizo, Yinson, TRC Synergy

Any pullback in technology stocks following the US midterm elections could present a buying opportunity, said BIMB Securities, which expects long-term demand for artificial intelligence (AI) infrastructure to persist.

BIMB says buy the dip in Malaysian tech stocks as AI demand remains intact

SD Guthrie Bhd (KL:SDG) reported a 17% decline in third-quarter earnings though the world’s largest palm oil producer by acreage is still confident of ending the year strong.

SD Guthrie reports 17% drop in 3Q earnings, says still on track for strong year

KUALA LUMPUR (Nov 5): Shares of Capital A Bhd (KL:CAPITALA) and AirAsia Group Bhd (KL:AAGB) rose in early trade on Thursday, amid easing crude oil prices,&nbsp;although an analyst cautioned that the rebound may be short-lived given lingering geopolitical uncertainties.

Capital A, AirAsia shares climb as crude oil prices ease further

Malaysia’s central bank is expected to keep interest rates unchanged at its final policy meeting of the year on Thursday while signaling scope for a hike early in 2027 as economic growth remains strong.

BNM set to hold overnight policy rate on strong growth, signal hike in 2027

(Nov 5):&nbsp;The US government borrowed a record US$839 billion in a single week via its sales of Treasury bills and notes — both to repay holders of maturing debt and to raise the additional capital needed to finance the federal deficit.

Auctions of bills, floating-rate notes and Trea...

US Treasury borrows record US$839 bil in single week

Asian chipmaking shares fell on Thursday as investors rotated away from the sector after the Democratic sweep in the US midterm election fuelled concern about greater regulation. Treasuries gained.

Asian chip shares drop after US vote, bonds rise

AS Malaysia continues accelerating towards Industry 4.0 with investments into smart logistics and connected infrastructure, businesses are deploying more IoT devices than before. Adoption momentum is also building, with 78% of enterprises surveyed by Beecham Research either already using eSIMs for IoT or planning to do so. This is in addition to recent trial rollouts from Malaysian telcos, such as CelcomDigi's industrial 5G-enabled intelligent warehouse and U Mobile's 5G-IoT logistics, demonstrating how connected technologies are becoming increasingly integral to business operations.

Commentary: Why eSIM is becoming critical for Malaysia’s next phase of IoT growth

Democrats vowed on Wednesday to use their resounding midterm victory to rein in US President Donald Trump, setting up two years of possible deadlock in Washington, as Trump spent his first post-election appearance showing off his under-construction White House ballroom.

Democrats flex congressional majorities as Trump accepts electoral losses

Brent oil pushed lower on Thursday after tumbling more than 8% in the previous session as investors bet that a Democratic sweep in the US midterm elections could accelerate efforts to end the war in the Middle East.

Oil extends slide after plunging 8% on hopes to end US-Iran war

Velesto Energy Bhd (KL:VELESTO) is now more attractive with a stronger earnings outlook as the last of its idle drilling rig returns to work, analysts said on Thursday.

Velesto now more attractive as Naga 3 returns to work, analysts upgrade

Elon Musk’s Texas-based empire is coming under investor scrutiny after Democrats clinched unlikely wins in his adopted state on their way to taking control of Congress.

Texas blue wave erases US$130 bil from Musk stocks

Muar Member of Parliament Syed Saddiq Syed Abdul Rahman is working to settle his suit with the prime minister and the government over the withheld parliamentary allocation for his constituency.

Syed Saddiq to settle suit against govt over withheld Muar allocation

The government has announced a 50% toll discount from the normal rate for a two-day period in conjunction with Deepavali on Sunday.

Govt announces 50% toll discount on Nov 6-7 ahead of Deepavali

(Nov 4): Qualcomm&nbsp;has signed a multi-year agreement with SpaceX&nbsp;to supply radio equipment, baseband units and software for Starlink Mobile's planned nationwide terrestrial 5G ​network, as the Elon Musk-led space company seeks to challenge ‌established US wireless carriers.

The...

Qualcomm signs major 5G infrastructure deal with SpaceX for Starlink Mobile network

Sunway Construction Group Bhd (KL:SUNCON) announced that it has won a RM1.74 billion contract to build a hyperscale data centre in Bandar Serendah, Selangor.

Muhammed Yusoff Rawther's sexual assault civil suit against Prime Minister Datuk Seri Anwar Ibrahim will be heard in January and March next year.

Yusoff Rawther's sexual assault case against Anwar to begin in January, judge Raja Ahmad to preside despite transfer

(Nov 5):&nbsp;Apple Inc. is reducing employee budgets for artificial intelligence usage as part of a cost-cutting effort, even as the company seeks to put AI at the center of its operations.

Last month, Apple quietly lowered the daily spending cap for some engineers using AI models to $...

Apple cuts internal AI usage budgets in move to reduce spending

MBSB Research has valued Main Market-bound Big Caring Group Bhd at RM1.20 a share, an 11.1% premium to its initial public offering (IPO) retail price of RM1.08, as it expects the pharmacy chain to deliver stronger earnings growth than its retail peers.

KUALA LUMPUR (Nov 5): Malaysia's minimum wage policy cannot be viewed in isolation but should be seen&nbsp;as complementing the targeted assistance, subsidy rationalisation and affordable healthcare measures to ensure workers' income gains translate into improved household well-being, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Amir Hamzah: Minimum wage, targeted assistance part of broader economic balancing act

Lawyers for Datuk Seri Jamil Khir Baharom have indicated that they will be filling several applications including a challenge to the charges against the former minister in charge of Islamic affairs.

Jamil Khir's lawyer indicates filing of several applications, including challenge to Tabung Haji charges

Gold prices rose in early Asian trade on Thursday after posting their biggest daily gain since mid-August in the previous session, buoyed by a weaker dollar, while investors awaited this week's non-farm payrolls report for clues on the US Federal Reserve's (Fed) policy outlook.

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