The US accused on Thursday a Fijian man working for a Chinese state agency of paying bribes to advance Beijing's interests in the Pacific nation, allegations he denies.

US says Fiji-based Chinese official paid bribes for Beijing

SK Hynix Inc’s Solidigm has picked lead banks for its US initial public offering (IPO) next year, according to people familiar with the matter.

SK Hynix’s flash memory unit said to pick banks for US IPO next year

Major banks in Southeast Asia declined more than 1% on Thursday, with the region's top lender, DBS Group, dragging Singapore stocks more than 3% lower as rising bond yields brought into focus risks to bank earnings growth and funding costs.

Bank sell-off casts pall in Southeast Asia, Singapore stocks drop 3%

Indonesian President Prabowo Subianto has agreed to take the necessary steps to address the haze situation in Malaysia, Prime Minister Datuk Seri Anwar Ibrahim said.

Anwar says has spoken to Indonesia’s Prabowo over worsening haze

Tencent Holdings Ltd is considering an offshore bond sale of as much as US$5 billion (RM20.45 billion), according to people familiar with the matter, adding to the wave of tech companies seeking debt financing as artificial intelligence (AI) needs grow.

Tencent mulls US$5 bil bond offering as AI push ramps up

Sandra Ortega, Spain’s richest woman, has spent most of her life in the small northwestern town of Oleiros, a windy place overlooking the Atlantic Ocean.

Behind Zara billionaire’s modest lifestyle is a growing fortune

Alibaba Group Holding Ltd chairman Joe Tsai said open-source artificial intelligence (AI) is Europe’s best route to technological independence from the US and China, and urged the region to build out its own computing infrastructure to train and run AI models.

Alibaba chairman says open source is Europe’s best shot at AI

Local micro, small and medium enterprises (MSME) reaped over RM345 million in economic spillover effects of the Bahrain Gulf Air Formula 1 (F1) Grand Prix (GP) at Sepang International Circuit.

MSMEs received RM345m boost from Bahrain GP, says minister

BANGKOK (Oct 8): Thailand's central bank chief said on Thursday there is no rush to raise interest rates and monetary policy could not address structural issues constraining economic growth.

Thai central bank in no rush to raise rates, governor says

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

Singapore bank shares tumble as yield surge threatens earnings

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

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;

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

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

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

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) opened higher in its first day on the Main Market following the construction firm’s transfer from ACE Market.&nbsp;

Lim Seong Hai Capital opens higher on Main Market following listing transfer

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

Asian shares slid on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding.

Asia shares slip, bonds submerged in tide of AI debt

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

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

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

NEW YORK (Oct 8): Oil prices rose on Thursday on persistent worries about supply from the key Middle East producing region amid an increase in attacks on shipping in the Gulf and the Strait of Hormuz.

Oil rises as Middle East supply concerns persist amid shipping attacks

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

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

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