The major US stock indices fell on Friday as fresh concerns about Nvidia reignited a selloff in technology shares, while softer October producer prices data offered little relief.

Wall St slides as Nvidia overhang weighs on tech

Federal Reserve Bank of Boston president Susan Collins said additional interest-rate increases will be needed soon as price pressures are broadening.

Fed’s Collins says higher rates are appropriate ‘soon’

Former prime minister Datuk Seri Najib Razak’s movement outside his residence for nearly eight hours on Friday was to attend to several matters, including a medical check-up, Friday prayers and rehabilitation programmes, according to the Malaysian Prisons Department.

Najib’s eight-hour movement outside home complied with house arrest SOP — Prisons Dept

Prime Minister Datuk Seri Anwar Ibrahim has urged the people of Melaka to use their ballots in the state election on Saturday to reject those who exploit religion for political gain, as well as individuals involved in corruption.

Anwar urges Melaka voters to reject exploiters of religion, corrupt individuals

Malaysian manufacturers should take the ongoing Microsoft services disruption as a reminder to strengthen their digital resilience, said the Federation of Malaysian Manufacturing (FMM).

Take Microsoft outage as reminder to beef up manufacturing sector resilience, says FMM

Heitech Padu Bhd (KL:HTPADU) said it is exploring potential opportunities to participate in Myanmar’s Yadanapon Cyber City project.

HeiTech Padu eyes opportunities in Myanmar’s Yadanapon Cyber City project

Fallout from Jensen Huang’s ouster as Nvidia Corp chief executive officer is reaching deep into Washington, where Commerce Secretary Howard Lutnick is confronting accusations that his department didn’t do enough to keep the company’s prized artificial intelligence (AI) chips out of China’s hands.

Lutnick under fire as Bessent blames Commerce Secretary in Nvidia crisis

Bersih chairman Muhammad Faisal Abdul Aziz, in an appeal to the Yang di-Pertuan Agong and the Malay rulers on Friday, said consideration of a royal pardon for Datuk Seri Najib Razak should have been deferred until the conclusion of his outstanding court proceedings.

In letter to Malay rulers, Bersih chairman says Najib's clemency should be deferred

Asda avoided a quarterly drop in sales for the first time in more than two years — though just barely — as the struggling grocer drew more shoppers online with the help of its loyalty programme.

Asda’s flat sales end losing streak as new CEO joins UK grocer

KUALA LUMPUR (Nov 13): Here is a brief recap of some business news and corporate announcements that made headlines on Friday:

Zetrix AI Bhd (KL:ZETRIX) admitted that it is unable to repay the entire RM2 billion outstanding under its sukuk programme and has proposed amen...

Zetrix AI, BCB, Berjaya Property, Destini, Magma, DXN, WCT, Alam Maritim, MyMBN

The High Court has dismissed a bid to remove court-appointed administrators overseeing the RM1.6 billion inheritance belonging to the late Lim Siew Kim, daughter of the Genting founder.

Siew Kim's son fails in bid to remove court-appointed administrators overseeing RM1.6 bil estate

KUALA LUMPUR (Nov 12): Lawyer Sangeet Kaur Deo has applied to the High Court to discharge herself from representing comedian Harith Iskander in a lawsuit brought by Datin Seri Rosmah Mansor.&nbsp;

Harith Iskander's lawyer applies to withdraw from Rosmah's lawsuit

Financially troubled Zetrix AI Bhd (KL:ZETRIX) on Friday admitted that it is currently unable to repay the entire RM2 billion outstanding under its sukuk programme. The company also said that the suspension of its services as a collection agent for the Road Transport Department (JPJ) is expected to reduce its revenue by about 15%.

Zetrix AI says unable to repay RM2 bil sukuk now, expects 15% revenue hit from JPJ suspension

Malayan Banking Bhd (KL:MAYBANK) has appointed former Malaysia Aviation Group (MAG) group managing director and airline group chief executive officer Datuk Captain Izham Ismail as an independent non-executive director.

Maybank appoints former MAG CEO Izham Ismail as independent director

Palm oil prices are expected to recover in the coming months with the impact of El Niño-induced drought on production expected to materialise in the first quarter of 2027, mainly in top producer Indonesia, leading industry analysts said on Friday.

Palm oil prices set to recover in coming months as production tightens, analysts say

KUALA LUMPUR (Nov 13):&nbsp; There has been no indication that artificial intelligence chips linked to the Nvidia-Megaspeed issue were exported from Malaysia, said Prime Minister Datuk Seri Anwar Ibrahim.m.

PM: No indication AI chips were exported from Malaysia in Nvidia-Megaspeed case

Property firm BCB Bhd (KL:BCB) has signed agreements to acquire four adjoining parcels of freehold golf course land in Batu Pahat, Johor, for RM110.91 million from a company linked to Berjaya Property Bhd (KL:BPROP).&nbsp;

BCB to buy 64.4ha of golf course land from Berjaya-linked unit for RM111m

Malaysia’s benchmark stocks ended Friday at a fresh 14-month low as investors continued to trim investments related to data centres.

KLCI ends the week at fresh 14-month low, analysts see rebound later

Billionaire investor and Nvidia Corp shareholder Leo KoGuan expressed support for Jensen Huang on Friday and said he won’t increase his stake in the tech company with someone else at the helm.

Billionaire KoGuan vows to stop buying Nvidia after Huang exit

Southeast Asia risks facing tighter US regulations on the export and use of high-powered chips, threatening to stall the region’s AI-fuelled economic boom.

Post-Jensen US chip curbs threaten Southeast Asia’s AI boom

Malaysian companies have taken the global disruption to Microsoft 365 services in stride by pivoting to alternative communications channels.

Malaysian firms use alternative comms amid global Microsoft outage   

A Singaporean businessman pleaded not guilty in the Sessions Court here Friday to a charge of criminal breach of trust involving 500,000 shares belonging to a company, four years ago.

Singaporean businessman charged with CBT over transfer of share units 

The Federal Court on Friday fixed Feb 23 to hear the Inland Revenue Board’s (IRB) bid for permission to challenge a Court of Appeal decision to stay bankruptcy proceedings against Datuk Seri Najib Razak over RM1.69 billion in unpaid taxes.

Apex court sets Feb 23 to hear IRB's bid to challenge stay on Najib bankruptcy proceedings  

Nvidia has said US export controls have effectively shut it out of China's AI data-centre market, but a Reuters review has identified more than US$3 billion (RM12.3 billion) in Chinese computing projects built around the American chipmaker's restricted processors.

Huang exit and US scrutiny imperil US$3b in Chinese AI projects reliant on Nvidia

Southeast Asia's chip and data centre industries expect greater scrutiny after news of former Nvidia CEO Jensen Huang's affair with a suspected Chinese spy put the spotlight on Singapore and Malaysia, executives and analysts said.

US lawmakers from both parties are pushing for tougher restrictions on China's access to advanced artificial intelligence chips after the Huang scandal increased scrutiny of Nvidia's role in US national security.

Nvidia fallout throws spotlight on AI boom in Malaysia and Singapore 

Global oil markets will swing to a supply surplus for the first time since the start of the Iran war as Persian Gulf exports recover despite the ongoing conflict, the International Energy Agency (IEA) said.

Global oil market swings to surplus on Gulf exports, IEA says

KUALA LUMPUR (Nov 13): Here is a brief recap of some business news and corporate announcements that made headlines on Friday:

Zetrix AI Bhd (KL:ZETRIX) admitted that it is unable to repay the entire RM2 billion outstanding under its sukuk programme and has proposed amen...

KUALA LUMPUR (Nov 13): SRKK AI Bhd (KL:SRKKAI) reported that its net profit grew 12% in the third quarter from the preceding three months, thanks to revenue from consulting, project implementation and product sales.

SRKK AI grows profit by 12% in 3Q, eyes recurring revenue from new platform

Sarawak’s state-owned airline, AirBorneo, on Friday launched its inaugural flight from Kuching to Jakarta, marking the airline’s first route to Indonesia.

AirBorneo launches Kuching-Jakarta route

GDANSK (Nov 13): Austrian semiconductor supplier ams OSRAM reported quarterly sales slightly above market expectations on Friday, helped by its strong optoelectronic semiconductors business.

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