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

Zetrix AI, Dialog, United Plantations, Heineken Malaysia, SP Setia, MMAG, Southern Score, L&P Global

Amendments to the Self-Employment Social Security Act 2017 (Act 789) and the Employment Insurance System Act 2017 (Act 800) will be tabled in Parliament in December.

Act amendments for commuter scheme, post-maternity leave allowance to be tabled in Parliament in December, says Ramanan

Home Minister Datuk Seri Saifuddin Nasution Ismail is set to address the terms governing former prime minister Datuk Seri Najib Razak's house arrest in the Dewan Rakyat on Thursday.

Saifuddin to clarify Najib house arrest terms, monitoring arrangements in Parliament on Thursday

US mortgage rates declined for a fourth straight week, boosting home-purchase applications by the most since mid-April and giving a tiny spark to the deflated housing market.

US mortgage rates fall for fourth week, lifting home purchases

Malaysia's benchmark FBM KLCI fell to its lowest level in about 14 months on Wednesday, as heavyweight banks extended their descent amid rising concerns over the impact of higher US interest rates.

KLCI sinks to 14-month low, ends below 1,600 psychological mark

The retail prices of RON97, unsubsidised RON95 and unsubsidised diesel will drop by 50 sen, 40 sen and 25 sen per litre respectively from Nov 12 to 18.

Retail prices of RON97, unsubsidised RON95, diesel to drop from Thursday

Volkswagen AG is scrapping a major advanced-manufacturing project at its sprawling headquarter as falling profits force Europe’s biggest carmaker to rethink investment across its German factories.

VW scraps advanced factory plan as earnings squeeze deepens

Leaders at the COP31 summit in Turkey are trying out a new sales pitch for climate action that is tailored to the times: do it to bolster the economy and bring down the cost of living.

COP31 leaders try out new sales pitch for climate action: do it for the economy

ByteDance Ltd plans the release of a Muse-like artificial intelligence (AI) assistant in the coming weeks to augment its lead in AI video, a milestone event the company hopes will help close the gap with top US labs in as soon as three years.

ByteDance said to prepare Muse-like agent in push to close AI gap

China is sounding out market participants on a possible tax on interest income from government bonds, according to people familiar with the matter, a move that could potentially offer a lift to yields that have been hovering near record lows.

China said to gauge bond interest tax, with yields near record low

The recent sell-off in YTL Power International Bhd (KL:YTLPOWR) appears excessive as its colocation data centre business continues to support the group's valuation, said CGS International.

CGS International says YTL Power sell-off overdone, stays upbeat on data centre prospects

The government said on Wednesday that at least four of Malaysia’s largest private hospital groups have expressed interest in joining MediAsas, the nation-backed medical insurance and takaful plan slated for nationwide roll-out at the end of January 2027.

Four major private hospital groups keen to join MediAsas ahead of January roll-out, says deputy finance minister

Big Caring Group Bhd could see its already steep listing price soar higher, though longer-term value hinges on its expansion beyond retail, an analyst said.

Big Caring’s already pricey valuations could stretch further — BIMB Securities

Malaysia will allow approved applicants under the SuRIA Home solar rebate programme until March 2027 to complete their installations and retain their rebates.

Govt extends solar installation deadline until March 2027 for approved applicants

Malaysia intends to launch a separate wholesale electricity market for large power consumers, including data centres, the New Straits Times reported.&nbsp;

Malaysia to start electricity market for data centre operators

The brewer expressed concern over the continuing impact of the excise duty increase introduced under Budget 2026, which it said had compounded affordability pressures amid an already weak consumer sentiment.

Heineken Malaysia seeks govt restraint on costs as 3Q profit drops 39%

Only Selangor and Kedah have amended their laws to set the minimum marriage age for Muslims at 18, while similar amendments in other states remain subject to their respective deliberations and legislative processes, the Dewan Rakyat was told on Wednesday.

Only Selangor, Kedah amended laws so far to set Muslims' minimum marriage age at 18 — Nancy

Taxpayers who fail to settle outstanding taxes within six months and do not respond to notices from the Inland Revenue Board (IRB) may be barred from leaving the country, Deputy Finance Minister Liew Chin Tong said.

Taxpayers with tax arrears may face travel ban if dues unpaid within six months — deputy minister

Malaysia's palm oil inventories are expected to start declining in the first quarter of next year as production growth slows from its seasonal peak.&nbsp;

High palm oil inventories set to decline in 1Q2027 as output slows, El Niño risks loom — analysts

Malaysia's benchmark FBM KLCI fell to its lowest level in about 14 months on Wednesday, as heavyweight banks extended their descent amid rising concerns over the impact of higher US interest rates.

Indonesia’s bourse more than quadrupled the number of stocks found with high shareholder concentration, as it sought to resolve MSCI Inc’s complaints about illiquidity and opaque ownership.

Indonesia to cut 300 more tightly held stocks from benchmark

Barisan Nasional members of Parliament (MPs) on Wednesday called for an independent review of how the Attorney General’s Chambers (AGC) handled requests for clarification, which subsequently delayed the implementation of Datuk Seri Najib Razak’s house arrest.

BN MPs seek review of AGC’s clarification process over Najib house arrest

The High Court has given the green light for former Lembaga Tabung Haji chairman Datuk Seri Abdul Azeez Abdul Rahim to pursue his case against the Inland Revenue Board (IRB) for allegedly unilaterally cancelling a prior agreement of the settled payment of over RM4 million in tax and penalties.

Court green-lights Abdul Azeez's legal bid against IRB for allegedly cancelling agreement over settled payments

Panda Eyes Group Bhd has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for the homegrown fashion retailer’s listing slated for January 2027.

Panda Eyes set for ACE Market listing in January 2027

Andrea Kimi Antonelli, widely known in Formula One simply as Kimi, is the new king of F1.

MY Say: Kimi Antonelli: F1’s new king and Malaysia’s opportunity

Tan Sri Shahrir Samad and Tan Sri Tommy Thomas have failed to reach an out-of-court settlement in the former Federal Land Development Authority (Felda) chairman's malicious-prosecution suit against the former attorney general.

Shahrir to continue malicious-prosecution suit against ex-AG Tommy Thomas

KUALA LUMPUR (Nov 11): Mega Fortris Bhd (KL:MEGAFB) fell as much as 18.06% in Wednesday morning trade, prompting Bursa Malaysia to suspend intraday short-selling (IDSS) of the stock.

Mega Fortris intraday short-selling suspended after stock falls 18%

LBS Bina Group Bhd (KL:LBS) plans to launch Sherwood Residence — the first phase in its upcoming 192-acre freehold The Reserva master plan located in Kwasa Damansara, Selangor — in April or May next year, said its group executive chairman Tan Sri Lim Hock San during a press conference for the exclusive preview of The Reserva held at M Resort Hotel &amp; hotel Kuala Lumpur on Wednesday.

LBS Bina to launch The Reserva in Kwasa Damansara by 2Q2027

KUALA LUMPUR (Nov 11): Petroleum Sarawak Bhd has agreed to supply natural gas to a South Korean polysilicon manufacturer in Bintulu, Sarawak.

PETROS to supply natural gas to South Korean firm in Bintulu

The woman accused of spying for China during an affair with Nvidia chief Jensen Huang used a Hong Kong passport to enter Taiwan, the island's immigration agency said Wednesday, as authorities investigate the incident.

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