Bus Cap Bhd (KL:BUSCAP) said it was unaware of any corporate developments that have triggered an unusual market activity (UMA).

Bus Cap says unaware of reason for Oct 14 share price spike

Bus Cap Bhd’s (KL:BUSCAP) share price jumped 22.61% on Wednesday, triggering an unusual market activity (UMA) query from Bursa Malaysia Securities.

Bus Cap jumps almost 23%, triggering UMA query

HeiTech Padu Bhd (KL:HTPADU) whose share price tumbled to a 30-month low on Friday, said it is unaware of any reason behind the sharp decline after the stock exchange regulator issued an unusual market activity (UMA) query.

HeiTech Padu says unaware of reason behind sharp share price drop after UMA query 

HeiTech Padu Bhd (KL:HTPADU) shares plunged as much as 30% in early trading on Friday, prompting Bursa Malaysia to issue an unusual market activity (UMA) query to the information technology services provider.

HeiTech Padu hit with UMA query after shares down 30% following 2Q profit drop

SkyGate Solutions Bhd (KL:SKYGATE) has been issued an unusual market activity (UMA) query after the precision engineering and industrial property group’s shares climbed to an eight-month high.

SkyGate gets unusual market activity query as shares climb to eight-month high

Paragon Union Bhd (KL:PARAGON), which manufactures and distributes carpets, rugs and car carpets, was queried by Bursa Malaysia after unusually heavy trading caused its share price to hit limit-down in Friday’s afternoon trading session.

Paragon Union hits limit-down in afternoon trade, prompts UMA query from Bursa

Paragon Union Bhd (KL:PARAGON), which saw its share price hit limit-down in Friday’s afternoon session, said it is not aware of any reason that would have caused the unusual movement in its share price.

Paragon Union tells Bursa it is not aware of any reason behind sharp drop in share price

GIIB Holdings Bhd (KL:GIIB) said there have been no new corporate developments relating to its business and affairs, aside from a previously disclosed potential investment in a healthcare-related business announced in early May.

GIIB cites ongoing healthcare investment plan in response to Bursa’s UMA query 

MKH Bhd (KL:MKH) on Monday confirmed that its major shareholder, Chen Choy & Sons Realty Sdn Bhd, is “periodically in discussions” with external parties, but denied that a corporate exercise involving the company and its subsidiary MKH Oil Palm (East Kalimantan) Bhd is in the works.

MKH denies corporate exercise involving plantation unit in response to UMA query

Iris Group Bhd (KL:IRIS), whose share price ended at a seven-month high of 27.5 sen on Friday, told Bursa Malaysia that it is not aware of any corporate development that would have caused the unusual market activity (UMA).

Iris Group says unaware of any reason for share spike to over one-year high

Bursa Malaysia has queried MKH Bhd (KL:MKH) over unusual trading activity that lifted shares of the property-and-plantation company over a nine-year high.

MKH gets unusual market activity query as shares hit limit-up

Iris Group Bhd (KL:IRIS) surged 83% in morning trade on Friday, prompting an unusual market activity query from the regulator.

Iris Group surges 83% to over one-year high, prompts UMA query

Tanco Holdings Bhd (KL:TANCO) said media reports and market commentary on the company, its soaring market capitalisation and its proposed development of a smart AI container port in Port Dickson called Midport may have contributed to the recent surge in its share price. It denied any fresh undisclosed corporate developments behind the unusual trading activity.

Tanco says share price surge driven by Midport hype, denies undisclosed developments

Tanco Holdings Bhd (KL:TANCO) has been ordered by regulators to explain recent trading that sent its share price to new all-time highs.

Bursa orders Tanco to explain surge as earnings multiple soars to over 1,000 times

The tech-heavy Nasdaq slid more than 2% on Thursday as growth stocks weakened after earnings from mega-caps Tesla and Meta did little to address artificial intelligence (AI)-related concerns, with a recovery in oil prices further adding to market unease.

Wall Street sinks as Nasdaq falls over 2% on AI cost worries

Mortgage rates fell for the first time in nine weeks, providing little comfort to sellers facing the slowest US housing market in at least 25 years.

US mortgage rates decline for first time in nine weeks, to 7.32%

The Ministry of Finance (MOF) said Bank Simpanan Nasional, a statutory body under its purview, has paid RM13.52 million in claims to victims of a fake investment scheme run by a former employee at its Kuching branch.

BSN has refunded 92.9% of claims in Kuching investment scam — MOF

US Treasuries surged — sending the US 10-year yield back below 5% — as investors sought shelter from tumbling share prices for companies leading the boom in spending on artificial intelligence (AI).

US 10-year yield falls below 5% as investors flock to safe havens

Malaysia must strengthen gas supply security, invest in infrastructure and prepare for future demand to maintain a reliable and competitive energy system amid geopolitical uncertainty.

MyGAS 2026: Securing Malaysia’s gas future amid global uncertainty 

The Ministry of Finance (MOF) will allocate RM1 billion to Urusharta Jamaah Sdn Bhd (UJSB) in 2027 for early sukuk redemption, with the funds also aimed at strengthening Lembaga Tabung Haji’s (TH) cash flow.

MOF to inject RM1 bil into Urusharta Jamaah for sukuk redemption in 2027

The US Treasury Department on Thursday proposed new regulations to bar large institutional investors from buying up single-family homes, the latest step in the process to implement the most controversial section of the sweeping bipartisan housing law passed this summer.

Treasury unveils rules banning large investors from buying homes

Taiwan’s stock exchange will shut on Friday as Typhoon Champi approaches the island, bringing heavy rainfall and strong winds and prompting authorities to shut offices and schools in capital city Taipei.

Taiwan’s US$5 tril stock market to close on Friday as Typhoon Champi nears

Student safety, TVET development and social protection for industrial trainees were among the key issues raised on the final day of the policy-stage debate on the Supply (Budget) Bill 2027 on Thursday.

School safety, TVET direction among key issues in final day of Budget 2027 debate

The Women, Family and Community Development Ministry (KPWKM) will reveal the findings of a study on bullying conducted through the National Population and Family Development Board (LPPKN) as early as this week or next week.

Bullying study findings to be revealed soon — Nancy Shukri 

A financially-distressed Chinese property developer will sell its massive hotel complex in Hong Kong to Malaysia’s ParkCity Group for some RM1.4 billion.

Massive Hong Kong hotel complex to be sold to Malaysian developer for RM1.4 bil

The appellate court has unanimously ruled that the Inland Revenue Board (IRB) has to return tax collected on compensation from properties or land that are forcefully acquired by the authorities.

IRB must return tax collected on compensation from forcefully acquired property, says appellate court

Zetrix AI Bhd (KL:ZETRIX) said no payment default has occurred under its RM2 billion sukuk, as the trustee is scheduled to meet sukuk holders on Friday (Oct 23) to discuss a proposed resolution to a breach involving managing director Wong Thean Soon’s shareholding.

Zetrix AI sukuk holders to meet on Oct 23 to discuss covenant breach, no payment default yet 

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

Zetrix AI, RHB Bank, TSH Resources, RedPlanet, Aizo Group, BMS, Harbour-Link, Jati Tinggi, TNB, Kerjaya Prospek, Exsim Hospitality, Pavilion REIT and Foodie Media

KUALA LUMPUR (Oct 22): A former deputy religious affairs minister has urged the government to look into the financial health of Urusharta Jamaah Sdn Bhd (UJSB), the company set up by the government in 2018 to take over Tabung Haji's troubled assets.&nbsp;

Datuk Ahmad Marzuk Shaary (PN-P...

Former deputy religious affair minister wants scrutiny of UJSB's financial health, cite NexG disposal 

TSH Resources Bhd (KL:TSH) has responded to queries from the Singapore Stock Exchange (SGX) over recent forest and peatland fires in Indonesia, denying that its plantation operations contributed to the transboundary haze.

TSH Resources responds to SGX queries over Indonesian fires, haze, denies operational links

Temasek Singapore president Png Chin Yee is set to join the board of CapitaLand Investment Ltd, while chairman Miguel Ko is retiring from the real estate asset manager.

Singapore’s CapitaLand adds Temasek executive to board

A consortium led by Jati Tinggi Group Bhd (KL:JTGROUP) has secured a RM568.2 million contract from Tenaga Nasional Bhd (KL:TENAGA) for a transmission main intake substation in Paka, Terengganu.

Jati Tinggi-led consortium bags RM568.2 mil TNB contract in Terengganu 

Meridian Bhd (KL:MERIDIAN) said trading in its shares will be suspended from Oct 30 after Bursa Malaysia Securities rejected the company's fifth application for more time to submit a regularisation plan.

The financially distressed property developer added that it faces delisting on Nov 3 unless it appeals by Oct 29.

Meridian to be suspended on Oct 30, faces delisting after latest bid to delay regularisation plan rejected

The Ministry of Finance (MOF) will allocate RM1 billion to Urusharta Jamaah Sdn Bhd (UJSB) in 2027 for early sukuk redemption, with the funds also aimed at strengthening Lembaga Tabung Haji’s (TH) cash flow.

Aizo Group Bhd (KL:AIZO) said its RM36.79 million sewage system upgrading subcontract in Terengganu will not proceed after the project owner cancelled the main contract awarded to its contractor.

Aizo's RM37m sewage subcontract terminated, faces potential claims

The tech-heavy Nasdaq slid more than 2% on Thursday as growth stocks weakened after earnings from mega-caps Tesla and Meta did little to address artificial intelligence (AI)-related concerns, with a recovery in oil prices further adding to market unease.

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

FBM KLCI up 0.37% to 1,608.14 on Oct 22, 2026  

East Asia is bracing for the latest in a string of powerful storms fuelled by El Nino, with Typhoon Champi disrupting flights and threatening heavy rainfall as it tracks towards Taiwan.

Typhoon Champi nears Taiwan as El Nino supercharges season

Demand for Indian billionaire Mukesh Ambani's US$3.2 billion Jio Platforms IPO swelled to more than five times the shares on offer on Thursday, and the retail portion of the country's biggest ever stock offering was fully subscribed.

The offering is the first by Ambani's Reliance Industries in 20 years and a key part of the billionaire's long-term vision to transform the group from an oil-to-chemicals company into a broader consumer, retail and technology business.

Ambani's record Jio Indian IPO subscribed over five times as demand surges

The High Court on Thursday dismissed an application to hold the entire civil suit proceedings over the fatal stabbing of a schoolgirl in Bandar Utama, Petaling Jaya, last year in camera, ruling that the public would benefit from knowing what transpired.

Court dismisses bid to hold Bandar Utama schoolgirl-stabbing civil suit in camera

Pavilion Real Estate Investment Trust (KL:PAVREIT) reported a net property income (NPI) of RM145.58 million for the third quarter ended Sept 30, 2026 (3QFY2026), little changed from RM145.49 million a year ago.

Pavilion REIT posts flat net property income in 3Q

US Treasuries surged — sending the US 10-year yield back below 5% — as investors sought shelter from tumbling share prices for companies leading the boom in spending on artificial intelligence (AI).

Major US banks are detecting unauthorised third-party AI agents operating inside customer accounts, with some agents attempting to take actions that appear to be independent of user instructions, Axios reported on Thursday, citing people familiar with the matter.

US banks detect unauthorised AI agents in customer accounts — report

The Ministry of Finance (MOF) said Bank Simpanan Nasional, a statutory body under its purview, has paid RM13.52 million in claims to victims of a fake investment scheme run by a former employee at its Kuching branch.

UMA

‌‌

‌
‌