Malaysia’s relatively limited choice of locations for data centre development, coupled with rising operating costs, could affect its ability to compete with regional markets such as Thailand and Indonesia, industry players said.

Malaysia’s limited data centre locations, rising costs could weigh on competitiveness

KUALA LUMPUR (Nov 10): Kumpulan Kitacon Bhd’s (KL:KITACON) wholly owned subsidiary, Kitacon Sdn Bhd, has accepted a letter of award from Sime Darby Property (Elmina North) Sdn Bhd for main building works, including ancillary buildings, worth RM54.872 million.

Kitacon unit secures RM54.87 mil main building works contract

BENGALURU (Nov 10): The US military evacuated aircraft from a second airbase in Britain on Monday after a threat from Iran, the Wall Street Journal reported, citing people familiar with the matter, weeks after Washington withdrew its bombers from RAF Fairford airbase over a suspected Iran-linked security incident.

US aircraft evacuated from second British base due to Iran threat, WSJ reports

Plantations

OVERWEIGHT

HONG LEONG INVESTMENT BANK (OCT 27): Seasonally stronger cropping trends and sustained downstream performance should drive q-o-q earnings improvem...

Brokers Digest: Local Equities - Plantations, Maxis Bhd, Coastal Contracts Bhd, Solarvest Holdings Bhd

(Nov 10): Vodacom Group Ltd’s half-year headline profit jumped 26% as the company battles to keep control of Safaricom Plc, which boosted the wireless carrier’s earnings during the period.

Vodacom profit jumps 26% as Safaricom gains boost earnings

Taiwan Semiconductor Manufacturing Co posted a 60% increase in monthly sales, reflecting the company’s central role in a global AI infrastructure build-out.

TSMC’s revenue rises 60% in a sign of resilient AI chip demand

KUALA LUMPUR (Nov 10): Yinson Holdings Bhd (KL:YINSON) has clarified that it has not accepted either the proposed privatisation scheme or the terms of the proposal letter, which involves its major shareholders privatising the company at RM2.50 per share.

Yinson says it has not accepted the proposed privatisation scheme

Malaysia aims to deliver 500,000 affordable homes in four years, halfway towards its overall target of one million homes by 2025, by leveraging modular construction technology to accelerate delivery.

Malaysia targets one million affordable homes by 2035 with modular construction technology

SEOUL (Nov 10):South Korean President Lee Jae Myung urged his government on Tuesday to build bipartisan support in the US Congress as Seoul navigates the economic and security implications of the US midterm elections.

South Korea's Lee says Seoul must build bipartisan support in US Congress

KUALA LUMPUR (Nov 10): Zetrix AI Bhd (KL:ZETRIX) has until Wednesday (Nov 11) to disclose material information on its financial position, unpaid dividends and a series of governance and operational issues following a directive from Bursa Malaysia Securities Bhd.

Zetrix faces Nov 11 deadline to disclose financial position under Bursa’s directive

NEW YORK (Nov 9): Nvidia and chief executive Jensen Huang were sued on Monday in a proposed class action accusing them of defrauding shareholders by concealing Huang's ties with a suspected Chinese spy.

Nvidia, CEO Huang sued over disclosures related to suspected Chinese spy

KUALA LUMPUR (Nov 10): Public Bank Bhd (KL:PBBANK) fell on Tuesday after the third-largest Malaysian bank by assets cut its guidance and flagged margin pressures.

Public Bank falls after cutting guidance, flagging margin pressures

The Attorney General's Chambers (AGC) has filed an application at the High Court to study and review former prime minister Datuk Seri Najib Razak’s house confinement order that had been issued by the court on Friday.

AG applies to High Court to rectify order on Najib’s release for house arrest

MELAKA (Nov 9): The interpretation of the Conditional Pardon Order and the implications of the Order of Discharge involving Datuk Seri Najib Tun Razak require further clarification to establish whether the Prisons Department has the authority to implement house arrest for the former prime minister.

Najib's discharge order needs review to clarify Prisons Dept's authority — Saifuddin

KUALA LUMPUR (Nov 10): MISC Bhd’s (KL:MISC) proposed RM3.03 billion investment in Yinson Holdings Bhd (KL:YINSON) would increase its financial risk, even under a structure designed to keep Yinson’s substantial debt off the shipping group’s balance sheet, CGS International said.

MISC’s RM3.03 bil bet to take Yinson private exposes shareholders to higher risks — CGS

PETRONAS could tap into the massive power demand from data centres by supplying gas for dedicated power generation, a minister said on Tuesday.

PETRONAS could power data centres with gas, secure long-term buyers at market rates, says minister

SINGAPORE (Nov 10): Asian stocks rose on Tuesday as a drop in oil prices after US President Donald Trump said he plans to hold off on new military strikes against Iran lifted sentiment ahead of US inflation data that could sway the near-term interest rate outlook.

Asian stocks climb as oil prices slide ahead US CPI

KUALA LUMPUR (Nov 10): The Democratic sweep of both US congressional chambers in the midterm elections has weighed on technology stocks globally, but analysts said Malaysian tech faces a sentiment and valuation dip rather than an earnings hit.

Analysts see Malaysia tech facing sentiment dip, not earnings hit, despite data centre worries

WASHINGTON/CAIRO/ABU DHABI (Nov 9): US President Donald Trump said on Monday that he plans to hold off on new military strikes against Iran for the time being after appeals from countries in the region, including from Qatar's prime minister in White House talks.

Trump says Qatar, Saudi prefer peace in Iran conflict

A renewed wave of dip buying drove stocks to their best day since April in the wake of a technology selloff that had roiled Wall Street, with the market also gaining as oil prices sank.

Stocks climb as buyers step in despite Nvidia woes

(Nov 10):&nbsp;Nvidia Corp’s general counsel intervened in a US government probe of suspected smuggling of AI chips by Megaspeed International, questioning whether the Trump administration played a role in detaining an executive from the Singapore-based firm who’s now at the heart of a scandal threatening Jensen Huang.

Nvidia intervened in US probe of Megaspeed chip smuggling

Details of Anthropic’s blockbuster initial public offering (IPO), including plans by the artificial intelligence (AI) company to raise nearly US$70 billion (RM284 billion), were briefly circulated to banks before being retracted late on Monday, according to emails seen by Reuters.

Anthropic’s nearly US$70 bil IPO plan briefly circulated to banks, then retracted

KUALA LUMPUR (Nov 10): Zetrix AI Bhd (KL:ZETRIX) has until Wednesday (Nov 11) to disclose material information on its financial position, unpaid dividends and a series of governance and operational issues following a directive from Bursa Malaysia Securities Bhd.

KUALA LUMPUR (Nov 10): The proposed RM2.50-a-share privatisation of Yinson Holdings Bhd (KL:YINSON) offers minority shareholders an exit opportunity above CIMB Securities’ valuation, as heavy gearing and costly financing could constrain growth and dilute returns from new projects, the research house said.

Yinson buyout offers exit opportunity, CIMB Securities advises shareholder to vote in favour

Malaysia's palm oil stocks reached a new peak in October, after another record month of output more than offset the rebound in exports, data from the industry regulator showed on Tuesday.

Malaysia's October palm oil stocks hit new peak as output surges

Malaysia’s industrial output grew faster than expected in September, as stronger manufacturing activity, led by electronics production, and higher electricity generation offset a deeper contraction in mining, official data showed on Tuesday.

Malaysia’s industrial output rises more than expected at 6.3% in September

KUALA LUMPUR (Nov 10): Prime Minister Datuk Seri Anwar Ibrahim said on Tuesday that it is too early to discuss a possible Cabinet reshuffle amid &nbsp;potential changes involving two members of his administration.

Anwar says it is too early to discuss Cabinet reshuffle

<div class="content-side-bar-box">
Summary

<ul>
	<li>Zetrix AI’s wholly-owned money-lending outfit MY EG Finance Technologies extended a RM100 million loan to three private companies and several individuals in March 2018, secured by 12...

Closer look at opaque deals at Zetrix AI’s lending arm MY EG Finance Technologies

MELAKA (Nov 10): Thirty-one early polling centres for the 16th Melaka State Election opened at 8am on Tuesday to allow 12,531 security personnel and their spouses to cast their ballots.

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