The Kedah Rubber City (KRC) project has attracted RM3.344 billion in committed investments from five key investors as of September 2026, according to Economy Minister Akmal Nasrullah Mohd Nasir.

Kedah Rubber City attracts RM3.3b in committed investments, says economy minister

The government aims to table amendments to the Tabung Haji Act 1995 next year to strengthen governance and address institutional weaknesses identified in the recommendations of the Royal Commission of Inquiry (RCI), the Dewan Rakyat was told on Wednesday.

Tabung Haji Act amendments to be tabled next year — minister

The Federal Territories Department is studying the use of artificial intelligence (AI) technology, including facial recognition systems, to identify legitimate business licence holders and curb the misuse of business licences around the Kuala Lumpur Wholesale Market.

DBKL studying AI use to address foreign trader issue at KL Wholesale Market, Parliament hears

Non-bank financial institutions (NBFIs) do not fall under the regulatory framework of the Securities Commission Malaysia (SC), the Ministry of Finance (MOF) said.

LTAT, EPF, KWAP, Socso and Amanah Raya not under SC regulatory framework — MOF

Malaysia aims to enhance the use of local currencies in cross-border trade and investment transactions through BRICS cooperation, thereby reducing transaction costs and foreign exchange risks.

Malaysia to expand local currency use through BRICS cooperation — MOF

Finance Minister II Datuk Seri Amir Hamzah Azizan said he would discuss insurers’ restrictions on specialists’ access to direct billing with Bank Negara Malaysia (BNM), after concerns were raised over patients’ choice of doctors and continuity of treatment.

Amir Hamzah to discuss insurers’ restrictions on specialists with BNM, warns against practices driving up medical costs

Monies totalling RM14 billion in Malaysia are unclaimed as of September this year, as most of the beneficiaries are unaware what is owed to them or delay making claims.

About RM14b unclaimed as owners unaware or delay making claims  

Traders who impose hidden charges or disclose additional fees only at the final stage of a transaction may face legal action, including fines of up to RM100,000, said Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali.

Traders who impose hidden charges to face fines of up to RM100,000, says minister 

Finance Minister II Datuk Seri Amir Hamzah Azizan told Dewan Rakyat that the number of people awaiting tax refunds has been halved to around 550,000 as at Oct 30, from about one million in December last year.

Govt halves tax refund waiting list after RM20.27b paid out as of Oct      

KUALA LUMPUR (Nov 3): A total of 12 cloud seeding operations were carried out in several parts of Peninsular Malaysia and Sarawak between Aug 30 and Oct 23 to mitigate the impact of transboundary haze on the country's air quality.

Twelve cloud seeding operations conducted during transboundary haze episode

KUALA LUMPUR (Nov 3): The government has not ruled out establishing a Royal Commission of Inquiry (RCI) to investigate allegations of "corporate mafia" in Malaysia, provided there are sufficient grounds and a clear need for a more comprehensive investigation.

RCI on corporate mafia possible if evidence warrants — Home Ministry

KUALA LUMPUR (Nov 3): Prime Minister Datuk Seri Anwar Ibrahim said he has asked for greater flexibility from Sabah over requirements to appoint local contractors for major infrastructure projects.

Anwar tells Sabah MPs not to press for contractors based on locality

KUALA LUMPUR (Nov 3): Malaysia has decided not to extradite independent preacher Dr Zakir Naik to India and has made no commitment to do so, the Dewan Rakyat was told on Tuesday.

Malaysia decides not to extradite Zakir Naik to India

Prime Minister Datuk Seri Anwar Ibrahim said on Tuesday that investigations into two failed gas pipeline projects involving a participation loan from the Export-Import Bank of China (China Exim Bank) remain open despite difficulties obtaining information involving both countries.

Probes into two failed gas pipeline projects remain open despite difficulties obtaining information — PM

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

Sunway Construction, Paramount Corporation, Country Heights, Sapura Industrial, Binastra Corporation, Public Bank, Ancom Nylex, Velesto Energy, Waja Konsortium, Ni Hsin, IOI Corporation, Ho Hup Construction, Kee Ming 

HP Inc on Wednesday named former GSK chief and Microsoft board member Emma Walmsley as CEO to steer the PC maker through a memory-chip crunch that has driven up prices and triggered a steep industry downturn.

HP names former GSK chief Emma Walmsley as CEO

Ancom Nylex Bhd (KL:ANCOMNY) has called off its proposed RM77.04 million disposal of up to a 50% stake in Maxlive Sdn Bhd to Thailand's Topnext International Company Ltd after both parties failed to agree on certain terms of the deal.

Ancom Nylex scraps RM77m stake sale to Thai chemical distributor

The Chiong family has strengthened its representation on the board of oil palm plantation owner and miller Kretam Holdings Bhd (KL:KRETAM), following a series of board appointments and committee changes.

Kretam sees board changes as Chiong family strengthens presence

Ho Hup Construction Company Bhd (KL:HOHUP) has secured another six-month extension from Bursa Malaysia to submit its regularisation plan, pushing the deadline to April 16, 2027.

Ho Hup gets another six months to submit regularisation plan, deadline now April 2027

Gold surged about 3% on Wednesday, on track for its biggest daily gain since mid-August as the dollar tumbled after Democrats swept the US midterm elections, while investors looked to this week's US non-farm payrolls report for clues on the interest rate outlook.

Gold heads for biggest daily gain since August on weaker dollar

US stocks rose on Wednesday as investors bet a divided Washington after the Democrats' midterm sweep could limit sharp policy shifts, though data centre stocks were under pressure as concerns over tighter artificial intelligence (AI) regulation weighed.

Wall Street rallies after Democrats win Congress; data centre stocks slide

US services sector growth slowed marginally in October amid a moderation in new orders, but supply chains remained strained, keeping prices for inputs elevated.

US services sector activity cools slightly in October; inflation remains elevated

CVS Health said on Wednesday it will split in two, separating its retail pharmacies from the Aetna insurance business and pharmacy-benefit operations in a major unwinding of the US$117 billion (RM475.6 billion) healthcare conglomerate it spent years building.

CVS to break up US$117b business, separating pharmacies from insurance; shares fall

Democrats' sweeping midterm victory, and particularly their coming control of the US Senate, strengthen the Federal Reserve (Fed) against President Donald Trump's efforts to meddle with it, with the Senate's control over appointments a major guardrail against Trump landing any more allies at the central bank.

Election stiffens Fed's guardrails, but independence risks remain

The government will disburse RM1.1 billion in Phase 4 of the Sumbangan Tunai Rahmah (STR) cash aid programme to 5.4 million recipients, with payments to existing beneficiaries starting on Wednesday (Nov 4).

STR payments from Nov 4: Households to get up to RM500, single seniors RM150

Google will invest US$15 billion (RM61 billion) in Malaysia over the next two years, covering energy efficient data centres, upskilling 800,000 Malaysians, water security and one gigawatt of clean energy.

Google to invest U$15b in Malaysia in 2027 and 2028

Country Heights Holdings Bhd (KL:CHHB) has failed to attract bidders for a second land auction involving its properties, initiated by its creditors amid the group's ongoing loan defaults.

Country Heights fails to attract bidders for PJ land in second unsuccessful auction this year

Sunway Construction Group Bhd (KL:SUNCON) has secured RM920.8 million worth of additional mechanical, electrical and plumbing (MEP) fit-out works for an ongoing data centre development in Johor.

Sunway Construction secures RM921m additional works for Johor data centre

The Kuala Lumpur High Court on Wednesday allowed a Maju Holdings Sdn Bhd creditor to start contempt proceedings against the finacially distressed developer and its five directors and officers for allegedly breaching a temporary court order by acting through a nominee and a related corporation to disrupt liquidation proceedings.

Court allows creditor to start contempt proceedings against Maju Holdings  

Data centre engineering services provider MyDCD Bhd’s initial public offering (IPO) was oversubscribed by 36.46 times for the Malaysian public portion ahead of its ACE Market listing on Nov 17.

MyDCD's ACE Market IPO oversubscribed 36.46 times

Sapura Industrial Bhd (KL:SAPIND) said on Wednesday it has signed an agreement to assemble front and rear axle systems for Chery vehicles.

Sapura Industrial to assemble Chery vehicle axles for RM307m

Amazon Web Services (AWS) will be training 445,000 government officers on its artificial intelligence (AI) tools under its newly launched Semarak AI Malaysia programme.&nbsp;

AWS to train 445,000 civil servants on AI tools under Semarak AI Malaysia

About 80 protesters gathered outside the venue of the Roundtable on Sustainable Palm Oil's (RSPO) annual conference, demanding that the certification body and its member companies be held accountable for forest fires and haze in Indonesia.

Protesters demand RSPO accountability over Indonesia forest fires

About 14,500 hectares, or less than 1%, of the more than 1.9 million hectares affected by fires across Indonesia between January and September 2026 were within Roundtable on Sustainable Palm Oil (RSPO)-certified concessions, said RSPO chief executive officer Joseph D’Cruz.

Less than 1% of Indonesia’s fire-affected land falls within RSPO-certified concessions 

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

Property developer KEB Bhd's initial public offering (IPO) is fully subscribed, with applications for its Malaysian public portion reaching 1.01 times the shares available ahead of its ACE Market listing on Nov 16.

KEB's IPO fully subscribed ahead of Nov 16 listing

Renewable energy stocks rallied around the world after the Democrats won control of both chambers of Congress in the US midterm elections, an outcome seen as supporting more favourable policy for the industry.

Global renewable stocks surge after democrats sweep congress

US stocks rose on Wednesday as investors bet a divided Washington after the Democrats' midterm sweep could limit sharp policy shifts, though data centre stocks were under pressure as concerns over tighter artificial intelligence (AI) regulation weighed.

Public Bank Bhd (KL:PBBANK) has established a RM20 billion Islamic medium-term notes (sukuk murabahah) programme, allowing the bank to issue senior and subordinated sukuk from time to time.

Public Bank sets up RM20 bil 30-year sukuk programme

The price of RON97 petrol will fall by 20 sen per litre, while unsubsidised RON95 petrol and diesel will decline by 15 sen per litre from Nov 5 to 11, amid easing global oil prices.

RON97 price falls 20 sen, unsubsidised RON95 and diesel down 15 sen for Nov 5-11

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

FBM KLCI down 0.33% to 1,616.56 on Nov 4, 2026

Sunway Group made its debut at 26th on Fortune’s 100 Best Companies to Work For in Southeast Asia 2026 list, becoming the only Malaysian-headquartered company to make the list.

Sunway Group debuts at 26th on Fortune’s Best Companies to Work for in Southeast Asia 2026 list

Sarawak aims to position itself as a regional clean energy hub by leveraging its hydropower resources to supply electricity, develop hydrogen and strengthen energy interconnections across Southeast Asia.

Sarawak banks on hydropower to become Asean's battery

Kee Ming Group Bhd (KL:KEEMING) on Wednesday said it has secured a RM44.17 million subcontract to undertake electrical engineering service works for a hyperscale data centre in Puncak Alam.

Parliament

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