Sarawak assembly to dissolve on Oct 26, paving way for state election, says Abang Jo

Emerging Asian equities recovered some ground on Friday but remained close to a three-month low, as worries about AI’s unsustainable funding needs drove money into safe havens.

Asian stocks stay near three-month low on AI funding fears

KULAI (OCT 23): Mah Sing Group Bhd (KL:MAHSING) and KLK Land Sdn Bhd have opened Phase 1B of MS Industrial Park @ Kulai in Johor for sale following a 90% take-up rate for Phase 1A.

Mah Sing, KLK Land launch Phase 1B of Kulai industrial park as 90% of Phase 1A sold

GDANSK (Oct 23): Swedish home appliance maker Electrolux beat expectations for third-quarter core profit on Friday helped by cost savings, but flagged that demand in its key North America region continued to weaken.

Electrolux reports 3Q core profit beat, says North America weakness persists

The son of Myanmar's Aung San Suu Kyi told AFP she sounded "fairly healthy" after speaking to the detained ex-democratic leader on Thursday for the first time in more than five years.

Myanmar's Suu Kyi sounded 'fairly healthy', son says after first call in years

Gucci sales fell in the third quarter as shoppers stayed away from its stores, its owner Kering said on Thursday, blowing hopes of a rapid return to growth for Luca de Meo, who took over as CEO last year.

Gucci sales slip again in latest blow to Kering recovery plan

BENGALURU (Oct 23): Gold eased on Friday, headed for its steepest weekly decline in over four months as elevated oil prices bolstered higher-for-longer interest rate expectations, while investors awaited next week's Federal Reserve policy meeting.

Gold heads for steep weekly loss as oil prices fuel Fed rate concerns

Home Minister Datuk Seri Saifuddin Nasution Ismail and the Registrar of Societies (ROS) have appealed the High Court’s decision to temporarily halt the deregistration of Perikatan Nasional (PN).

Home minister, ROS appeal High Court ruling halting PN deregistration ahead of Melaka polls

The Court of Appeal has upheld a lower court ruling that affirms the power of the Commissioner of Buildings to intervene if a property's management body had not held an annual general meeting for some time.

Appeals court affirms building regulator's power to force residents' committee election   

(Oct 23): Oil prices rose over 1% on Friday after Houthi attacks in Saudi Arabia stoked concerns of further disruption to energy supplies from the Middle East.

Oil prices rise more than 1% as supply concerns linger

A former company director, Datuk Seri Liew Kok Leong, has been charged with criminal breach of trust (CBT) of over RM5.5 million funds belonging to a private limited entity, in addition to money laundering.

Former director charged with CBT for misappropriating RM5.5 mil of company funds

Sarawak Premier Tan Sri Abang Johari Tun Openg is expected to announce the dissolution of the Sarawak State Legislative Assembly on Friday afternoon, paving the way for a state election.

Abang Johari expected to announce Sarawak assembly dissolution this afternoon

Datuk Muhamad Umar Swift, the former head of Malaysia’s stock exchange, will join Hong Leong Investment Bank Bhd as its managing director and chief executive officer.

Ex-Bursa chief Umar Swift to lead Hong Leong Investment Bank

Johor's booming data centre industry could consume more than 90% of the additional electricity generated in Peninsular Malaysia in the next five years, raising concerns over power supply and grid infrastructure constraints, according to a report by BMI, a Fitch Solutions company.

Johor data centres could consume over 90% of peninsula's additional power generation by 2031 — BMI

Foodie Media Bhd (KL:FOODIE) rose on Friday to extend a rebound from all-time lows thanks to a set of stronger-than-expected results at the social media content company.

Foodie Media extends rebound from all-time lows after results beat

SYDNEY (Oct 23): A sell-off in global tech shares lost some steam in Asia on Friday, after concerns over the enormous funding needs of AI hammered Wall Street and led to the biggest daily rally in Treasuries in more than three years.

Tech sell-off slows in Asia as oil hits five-month high

Property developer KEB Bhd has priced its shares at 35 sen apiece for its ACE Market listing.

Real estate developer KEB aims to raise nearly RM80 mil from ACE Market IPO

Pengurusan Aset Air Bhd plans to set up a new sukuk programme worth RM11.64 billion to support its capital expenditure requirements over the next decade.

Malaysia’s state-owned water assets firm lines up RM11.64 bil sukuk

The government does not rule out the possibility of completely banning the use of the Waze navigation application in Malaysia, said Prime Minister Datuk Seri Anwar Ibrahim.

PM says could ban Waze entirely once alternative apps available, admits TuJu's shortcomings

Mi Technovation Bhd (KL:MI) will report “stellar” third-quarter results following robust guidance from its soon-to-be-listed semiconductor material unit, its most bullish analyst said.

Mi Technovation’s most bullish analyst predicts ‘stellar’ 3Q

The Trump administration is seeking to restrict American investment in Chinese biotechnology companies, potentially complicating financial ties at a time when US drugmakers are increasingly turning to China for new medicines.

US proposes curbs on investment in Chinese biotech firms

PETRONAS has signed a joint-venture agreement with French energy giant TotalEnergies and Japanese trading firm Mitsui to develop carbon storage areas offshore Peninsular Malaysia.

PETRONAS, TotalEnergies, Mitsui sign JV deal for carbon storage area

Comfort Gloves Bhd (KL:COMFORT) said on Friday it has reached a settlement with the Inland Revenue Board, ending a court battle that lasted over two years.

Comfort Gloves reaches settlement with Inland Revenue Board over tax bill

Bestari Food Bhd has received approval from the securities regulator for its proposed listing on the Main Market of Bursa Malaysia.

Bestari Food gets regulator’s nod, shariah status for Main Market listing

(Oct 23): Oil prices rose over 1% on Friday after Houthi attacks in Saudi Arabia stoked concerns of further disruption to energy supplies from the Middle East.

Indonesian authorities seized 1.16 tonnes of ketamine on a Mongolian-flagged vessel from Malaysia in the waters of North Sumatra province earlier this week, the country's national police chief Suyudi Ario Seto said on Friday.

Indonesia seizes 1.16 tonnes of ketamine on Mongolian-flagged vessel from Malaysia, police chief says

BENGALURU (Oct 23): Gold eased on Friday, headed for its steepest weekly decline in over four months as elevated oil prices bolstered higher-for-longer interest rate expectations, while investors awaited next week's Federal Reserve policy meeting.

The 2% Employees Provident Fund (EPF) contribution rate payable by employers for non-Malaysian workers is relatively low, the Finance Ministry (MOF) said.

MOF: 2% EPF contribution rate for foreign workers relatively low

(Oct 23):&nbsp;Wall Street shunned stocks as a technology rout and Middle East risks drove investors to the safety of bonds, reducing bets on another Federal Reserve rate hike in 2026.

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