PepsiCo cut its annual core profit forecast on Thursday and said it would pursue additional cost cuts, warning that efforts to revive growth and profitability in its crucial North American business were taking longer than expected.

PepsiCo to cut costs as weak North America business hurts core profit forecast

SoftBank Group Corp, Grab Holdings Ltd, and Petroleum Sarawak Bhd (Petros) have entered into a framework agreement to explore developing an artificial intelligence (AI) and digital infrastructure platform in Sarawak.

SoftBank, Grab and Petros ink pact to explore development of AI and ecosystem infrastructure in Sarawak

British online fashion retailer Asos said on Thursday that a cybersecurity breach earlier this week had exposed some customers' personal information, including names and contact details, according to its initial investigation.

UK's Asos says cyber hack accessed customers' personal data

Printing and labelling firm MTAG Group Bhd (KL:MTAG) is proposing to acquire two label manufacturers for an indicative RM13.8 million in cash to expand its product offerings and customer base.

Printing firm MTAG proposes RM13.8 mil cash acquisition of two label makers

The Negeri Sembilan 2027 budget will be tabled on Nov 27 despite the absence of the state executive councillors (excos), Menteri Besar Datuk Ismail Lasim said.

Negri Sembilan MB says to proceed with tabling of state budget on Nov 27

SD Guthrie Bhd (formerly Sime Darby Plantation Bhd) has resolved its five-year legal dispute with the Penang Development Corporation (PDC) involving the compulsory acquisition of the group's lands in Byram Estate, Seberang Perai Selatan, following a settlement between the entities.

SD Guthrie obtains additional RM68.01m in land acquisition settlement with PDC

Prime Minister Datuk Seri Anwar Ibrahim is expected to announce good news regarding an initiative to make the KTM Komuter southern shuttle service more affordable during the tabling of the Budget 2027 in the Dewan Rakyat on Friday.

PM to announce ‘good news’ on KTM Komuter southern shuttle Friday — Loke

Hurricane Isaias is intensifying in the US Gulf, marking the first such cyclone in the Atlantic this year, with oil and gas producers shutting in wells and evacuating personnel as the storm tracks towards the coast.

Hurricane Isaias intensifies as oil producers shut in output

(Oct 8): Sovereign borrowers are no longer the big boys on the block as AI giants increasingly invade their turf. The Wall Street Journal reports Broadcom is ​lining up $50 billion of financing to buy gear from OpenAI, with Oracle also seeking an unspecified ‌sum.

Sou...

Sovereign bonds shouldered aside as AI takes their turf

Johor-based bus operator Hi Mobility Bhd (KL:HI) has received a letter of intent (LOI) from the Land Public Transport Agency (APAD) to operate the Stage Bus Service Transformation (SBST) programme in Johor Bahru for about four years.

Hi Mobility gets letter of intent to run JB bus network  

No bidders turned up at an auction for a six-acre land that the Penang state government intends to sell to raise funds for the long-delayed Ayer Itam road bypass project.

Penang state land auction draws a blank, sources say

Just south of Penang, the historic trading island off Malaysia’s northwest coast, excavators are turning a stretch of blue-green sea into a new, man-made island. Dump trucks crisscross freshly reclaimed sand as orange pipes snake across the emerging land mass, carrying fill pumped from dredgers offshore.

Malaysia builds a new ‘Silicon Island’ to house its AI ambitions

KUALA LUMPUR (Oct 8): Former Lembaga Tabung Haji chairman Datuk Seri Abdul Azeez Abdul Rahim has taken the Inland Revenue Board (IRB) to court for allegedly unilaterally cancelling a prior agreement over the settled payment of over RM4 million in taxes and penalties.

Azeez takes IRB to court for allegedly cancelling agreement over RM4m taxes and penalties paid; AGC says he is acting on presumption

A sell-off in Singapore bank shares deepened after JPMorgan Chase &amp; Co warned that surging long bond yields will hurt third-quarter earnings for Southeast Asian lenders.&nbsp;

Singapore bank shares tumble as yield surge threatens earnings

Reddish skies and thick haze have shrouded parts of Indonesia’s Kalimantan as forest and land fires sent air quality plunging to very unhealthy and hazardous levels.

Red skies, thick haze shroud Kalimantan as Indonesia records 1,176 hotspots

The Federal Court on Thursday has granted permission for the Attorney General’s Chambers (AGC) and Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi to challenge the Court of Appeal’s decision earlier this year which allows the Malaysian Bar to challenge the Attorney General’s discretion to apply a no further action (NFA) order on Zahid.

Zahid, AGC get nod to challenge appellate decision allowing Bar’s challenge on Zahid’s NFA

In recent times, it is not politicians, but bond vigilantes, who hold the most power over the global economy. In 2022, then-newly minted UK Prime Minister Liz Truss presided over a meltdown in the UK government bond market after her government announced sweeping tax cuts without any corresponding spending adjustments.

We have to thank the bond markets for telling the truth — Tharman

KUALA LUMPUR (Oct 8): Lim Seong Hai Capital Bhd (KL:LSH) is planning to develop a new public square near KL Tower to improve access and attract more tourists, while also hoping to introduce a cable car connecting the landmark with other attractions in Kuala Lumpur.

Lim Seong Hai Capital proposes KL Tower Square, cable car linking key attractions

KUALA LUMPUR (Oct 8): Lim Seong Hai Capital Bhd (KL:LSH) closed higher on Thursday in its first day of trading on Bursa Malaysia's Main Market following the construction firm's transfer from the ACE Market.

Lim Seong Hai Capital closes 2.9% higher on Main Market debut following listing transfer

Sepang Umno division chief Datuk Noorazli Said was charged in the Magistrate's Court here on Thursday with uttering words that hurt the feelings of Christians during a speech at the 2026 Umno General Assembly last month.

Sepang Umno chief charged with hurting Christians' feelings

Analysts see the recent weakness in crude palm oil (CPO) prices as a buying opportunity for plantation stocks ahead of a potential supply tightening in 2027.

Buy plantation stocks on CPO dip, analysts say, ahead of tighter supply next year

Malaysian semiconductor firm SQ Advanced Interconnect Bhd is considering raising about RM300 million in an initial public offering (IPO) in the first quarter of 2027, people familiar with the matter said.&nbsp;

Semicon firm SQ Advanced Interconnect plans RM300 mil IPO in early 2027 — Bloomberg

The King, Sultan Ibrahim Sultan Iskandar, has called for students' safety and health to be prioritised amid the haze affecting the country.

King decrees priority for student safety, calls for school closure amid worsening haze

Myanmar is prepared to facilitate the repatriation of its nationals on a large scale, with the country ready to bear the associated costs, Prime Minister Datuk Seri Anwar Ibrahim said on Thursday.

Myanmar to accept repatriation of nationals in large numbers at own expense, says Anwar

Malaysia’s corporate earnings growth could slow next year from higher interest rates, cost pressures, and a general slowdown in consumer spending, said Kenanga Investment Bank.

Malaysia’s corporate earnings could slow next year, Kenanga warns

Datuk Seri Awang Adek Hussin will step down as chairman of Bank Simpanan Nasional (BSN) at the end of his term at the development financial institution.

Awang Adek to step down as BSN chairman, Bank Islam’s former head to take over

KUALA LUMPUR (Oct 8): Limited water supply headroom in Selangor could affect the timing of new data centre investments and temporarily moderate construction awards in 2027, according to BIMB Securities Research.

Selangor water constraints may slow 2027 data centre construction awards — BIMB Securities

SEOUL (Oct 8): Samsung Electronics on Thursday projected its quarterly profit would top 100 trillion won, a world first for a technology company, estimating a nearly nine-fold jump in third-quarter earnings as booming demand for AI chips drove strong memory sales.

Samsung flags US$80 bil profit on AI boom, highest quarterly for any tech company

theedgemalaysia.com highlighted two stocks with positive momentum and five stocks with negative momentum at Bursa Malaysia’s afternoon close on Thursday.

Stocks with momentum on Oct 8, 2026: Aemulus, Southern Score, Binastra, Censof, FM Global, Greentronics & Hartanah Kenyalang

The Securities Commission Malaysia (SC) successfully returned RM1.98 million to 239 investors in 2025 through enforcement action against violations of capital market laws.

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