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

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.

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

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

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...

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 

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.

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

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.

Angkatan Muda Keadilan (AMK) said PAS president Tan Sri Abdul Hadi Awang's remark that "even the worst Muslim ruler is less oppressive than a non-Muslim ruler" was an insult to the country's non-Muslim community.

PKR youth wing condemns Hadi Awang's remarks as insulting to non-Muslims in Malaysia

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.

Magma Group Bhd (KL:MAGMA) has scrapped its plan to acquire the LUMA Hotel in Kota Kinabalu for RM60.9 million in a cash-and-shares deal.

Magma abandons planned RM61m acquisition of Sabah hotel

Treasury Secretary Scott Bessent on Friday said his department was in favour of putting Megaspeed on the US entity list for months, adding that it was up to the Commerce Department to manage the list and that the FTC could possibly take action.

Bessent says Treasury favoured limits on Megaspeed

A man was sentenced to 12 months in prison and fined RM250,000 by the Sessions Court here for desecrating the Quran and posting grossly offensive content on social media in February.

Quran desecration: Man jailed 12 months, fined RM250,000

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.

Just when global bond investors were starting to believe the worst of this year’s rout was over, surging Treasury yields are making them think again.

Investors warn bond rout not over after week of soaring yields

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

High jet fuel prices since the start of Middle East tensions are likely to stay, putting airlines in a dilemma over fare hikes.

Airlines in fare hike dilemma as high jet fuel prices likely to stay — industry body

Bird's nest company MyMBN Bhd (KL:MBN) has proposed a bonus issue of up to 193 million warrants, alongside an employees’ share option scheme (ESOS).

MyMBN proposes one-for-two bonus warrants

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.

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

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