Treasuries gained on Friday, sending yields to their lowest levels in a month, as slumping shares of giant technology companies stoked demand for havens including US government debt.

Treasuries extend monthly advance as tech giants stumble

Indonesia's swipes at its neighbours are set to last as its embattled government tries to blunt criticism of its handling of welfare programmes, market regulation and persistent wildfires that have choked the region in haze.

Singapore braces as Indonesia slaps back at neighbours amid haze, political woes

The Nasdaq tumbled to its lowest in nearly three months on Friday after Amazon's aggressive artificial intelligence (AI) spending plan and Intel's cash burn warning intensified concerns over mounting costs of AI infrastructure buildout and the timeline for returns.

Nasdaq nears three-month low as Amazon, Intel deepen AI capex concerns

Big Oil reaped more than US$50 billion (RM203 billion) in windfall profits as conflicts in the Persian Gulf and Russia roiled energy markets and drove refining results to record highs.

Big Oil scores US$56 bil windfall on war-driven refining spike

Gold fell to a one-year low on Friday and silver slid below US$50 (RM202.98) an ounce for the first time since November 2025 as higher energy prices and persistent inflation concerns strengthened expectations that US interest rates will stay high.

Gold hits one-year low, silver drops below US$50 as higher-for-longer rate view firms

A brief recap of some business news and corporate announcements that made the headlines on Friday.

Zetrix AI, Cuscapi, CelcomDigi, UEM Sunrise, AME Elite, Mi Technovation, Mega Fortris, GIIB, Ni Hsin, IGB REIT, IGB Commercial REIT, SkyeChip, Malakoff, Avillion, Mestron, HB Global, MAA Group, Kumpulan Jetson, Advance Information Marketing, Lianson Fleet

Defence Minister Datuk Seri Mohamed Khaled Nordin on Friday received the first FA-50M light combat aircraft acquired by the Royal Malaysian Air Force (RMAF), marking an important milestone in the country's efforts to strengthen its air defence capabilities.

Malaysia receives first FA-50M light combat aircraft from South Korea

Winnability and a thorough assessment on the ground were the key considerations behind Barisan Nasional (BN) and Perikatan Nasional (PN) agreeing to allocate two additional seats to MCA for the Melaka state election, Melaka BN chairman Datuk Seri Dr Ab Rauf Yusoh said.

Melaka polls: MCA to contest four seats instead of just two due to winnability, says Ab Rauf

Malaysia will continue strengthening its military capabilities in Sabah to safeguard national security amid regional geopolitical developments, but the move is not a direct response to the Philippines' military build-up on Balabac Island, said Defence Minister Datuk Seri Mohamed Khaled Nordin.

Malaysia's defence strengthening in Sabah not in response to military build-up by Philippines — Khaled

Pakatan Harapan (PH) is targeting victory in 18 of the 24 seats it will contest in the Melaka state election, including retaining the five seats it previously won.

Melaka polls: PH targets victory in 18 of 24 seats

Rakuten Trade Sdn Bhd’s online trading for Bursa Malaysia stocks has been disrupted for more than a week following precautionary measures taken in response to a cybersecurity attempt, with no confirmed date for services to resume.

Rakuten Trade’s Bursa trading has been down for over a week following cyberattack, with no restart date

(Oct 30):&nbsp;A US majority-owned startup plans to invest US$600 million in a rare-earth refinery in Malaysia, seeking to develop a new source of the critical minerals as Washington pushes to reduce its reliance on China.

US-owned startup plans US$600 mil Malaysia rare-earth refinery

MBSB Research remains positive on YTL Power International Bhd’s (KL:YTLPOWR) longer-term growth prospects, underpinned by the ramp-up of its data centre operations in Kulai, Johor, the planned expansion into Sedenak Tech Park West (STeP West), and rising opportunities in the power and digital infrastructure sectors.

MBSB Research sees potential for 4GW data centre campus at YTL Power’s Bukit Kerayong site

KUALA LUMPUR (Oct 30): Ni Hsin Group Bhd (KL:NIHSIN) suffered one of its worst days on record, prompting the exchange to demand the cookware manufacturer to explain the unusual market activity.

Ni Hsin suffers one of its worst sell-offs, triggering exchange query

Avillion Bhd (KL:AVI), which operates beach resorts, hotels and spas in Malaysia and Indonesia, is embroiled in a dispute with an individual claiming ownership of the land occupied by its Villa Cinta resort in Bali, Indonesia, over an alleged expired lease and outstanding rental obligations.

Avillion in dispute with alleged landowner over lease of RM11.2m Bali resort

PPB Group Bhd (KL:PPB) could see weaker earnings for its third quarter ended Sept 30, 2026 (3QFY2026) following a sharp decline posted by key associate Wilmar International Ltd, said CIMB Securities.

PPB faces weaker 3Q after Wilmar's margins hit by costs, soybean crushing margins — CIMB Securities

MARC Ratings has downgraded Zetrix AI Bhd’s (KL:ZETRIX) RM2 billion sukuk programme to C, a rating just above default, indicating a high likelihood of non-repayment and limited capacity by the company to address its financial challenges.

MARC cuts Zetrix AI sukuk rating for second time in two weeks, bringing it close to default

Indonesian President Prabowo Subianto’s brother stressed the importance of a trusted and transparent local share market, saying the country must “mitigate the MSCI issue” and telling business leaders at a forum Thursday to stop “deep frying” stocks.

Prabowo’s brother sounds alarm over Indonesian stock market

UEM Sunrise Bhd (KL:UEMS) has teamed up with AME Elite Consortium Bhd (KL:AME) to develop a 402-acre industrial park in Gerbang Nusajaya, Johor, with an estimated gross development value (GDV) of RM4 billion.

UEM Sunrise, AME Elite form JV to develop RM4 bil Johor industrial park

Mega Fortris Bhd (KL:MEGAFB) lost about a billion ringgit in value as its shares plunged another 19% on Friday, extending the previous day's rout and triggering an unusual market activity query from Bursa. &nbsp;

Bursa queries Mega Fortris as rout extends into second day, wiping out RM1b in value  

Integrated circuit designer SkyeChip Bhd (KL:SKYECHIP) posted a net profit of RM17.7 million in the second quarter ended Sept 30, 2026 (2QFY2027), supported by higher quarter-on-quarter revenue from its silicon intellectual property (IP) business.

SkyeChip posts RM17.7 mil net profit, RM54.2 mil revenue for 2Q 

MAA Group Bhd's (KL:MAA) external auditor, KPMG PLT, has raised concerns over the group's ability to continue operating and meet its financial obligations over the next 12 months, following a RM106.9 million annual loss.

MAA Group’s auditor flags going concern uncertainty after RM107 mil annual loss

KUALA LUMPUR (Oct 30): Malaysia appears to be weathering the energy shock with inflation chugging along at a benign pace, reducing the urgency to tighten policy rate, HSBC said on Friday.

No rush: BNM may stand pat at November meeting as inflation stays benign — HSBC

BENGALURU (Oct 30): Australia's Coles said on Friday that heightened promotional activity from competitors hurt early second-quarter sales as cost-conscious shoppers sought bargains, sending its shares to their steepest single-day decline in more than six years.

Australia's Coles marks steepest fall since 2020 as rival promotions bite

Mi Technovation Bhd (KL:MI) is acquiring a seven-storey light industrial building in Singapore for S$103.88 million (RM331.8 million) to establish a global operational hub and support the expansion of its vehicle technologies business.

Mi Technovation buys Singapore property for RM332 mil to house global hub

CelcomDigi Bhd (KL:CDB) said on Friday it has received spectrum assignments for two blocks each in the 2600-megahertz and 900-megahertz frequency bands.

CelcomDigi gets formal spectrum assignments, discloses annual fees

KUALA LUMPUR (Oct 30): Malaysia Aviation Group Bhd’s (MAG) borrowings are expected to remain elevated as the parent of national carrier Malaysia Airlines Bhd presses ahead with an aircraft fleet renewal programme largely funded through leases, although savings on fuel and maintenance costs from newer aircraft should help cushion the financial impact, according to MARC Ratings Bhd.

Malaysia Aviation Group's debt to stay elevated as fleet renewal drives leasing costs

GIIB Holdings Bhd (KL:GIIB) told Bursa Malaysia it is unaware of any corporate developments that could have caused the sharp fall in its share price on Thursday, prompting the market regulator to query the group for unusual market activity (UMA).

GIIB tells Bursa unaware of reason for sharp drop in share price 

Businessman Datuk Ng Meng Kee has acquired 6.48 million shares in GIIB Holdings Bhd (KL:GIIB) as its stock&nbsp;hovers over a five-month&nbsp;low.

Businessman Ng Meng Kee ups stake in GIIB as stock falls to five-month low

Sepang International Circuit (SIC) hopes Petronas will continue its commitment as title sponsor of the Malaysian Motorcycle Grand Prix (MotoGP) after the current contract ends this year, ensuring the continuity of a strategic partnership that began in 2022.

SIC chief executive officer Azhan Shafriman Hanif said the circuit hopes discussions between the current title sponsor and MotoGP commercial rights holder Dorna Sports will reach a positive outcome for both parties to continue staging the prestigious race together.

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