Malaysia’s tool, die and mould (TDM) industry is set to enter a new phase of digital transformation and global competitiveness with the launch of the NEW TDM Project next month.

SIRIM Bhd president and group chief executive officer Nik Sazali Nik Hussin said the strategic initiative would be implemented under the 13th Malaysia Plan and the New Industrial Master Plan 2030 to strengthen the country’s TDM ecosystem comprehensively.

NEW TDM Project to drive transformation of Malaysia’s tooling industry

Barisan Nasional (BN) welcomed with deep gratitude the decision by His Majesty Sultan Ibrahim, King of Malaysia, to grant a conditional pardon to former Prime Minister Datuk Seri Najib Tun Razak, while respecting all conditions and processes set.

BN welcomes Najib’s conditional pardon with deep gratitude — Zambry

Prime Minister Datuk Seri Anwar Ibrahim has called on the people to play their part in addressing the increasingly worrying haze situation, while the government continues to seek solutions in the interest of all.

In a Facebook post, Anwar said he also performed special prayers (solat hajat) with members of the congregation after Friday prayers at Surau Nur Perdana, Precinct 10 in Putrajaya, on Friday, seeking Allah SWT’s help for the country to recover from the haze situation soon.

Haze: Anwar urges public to do their part as govt seeks solutions

TSR Capital Bhd (KL:TSRCAP) said on Friday it has secured a contract worth about RM158 million for building works in Selangor.

TSR Capital bags RM158m PKNS contract for Selangor building works

Four men, including a civil servant, were arrested for allegedly staging the disappearance of a Toyota Vellfire to facilitate an insurance claim following financial problems faced by one of them.

Padang Besar police chief ACP Mohd Shokri Abdullah said the suspects, aged between 32 and 45, were arrested in raids at three locations in the Padang Besar and Arau districts at about 5.15 pm on Thursday.

Civil servant among four held over alleged Toyota Vellfire insurance scam

Newly listed beverage blend maker Butterfield FB Bhd (KL:BFIELD) has announced the emergence of Datuk Ooi Eng Leong, managing director of Nationgate Holdings Bhd (KL:NATGATE), as a substantial shareholder.

Ooi Eng Leong emerges as substantial shareholder in newly listed Butterfield

Wall Street's main indices fell on Friday in the final stretch of a turbulent week, as investors digested shifting oil prices, higher Treasury yields and a Federal Reserve rate hike.

Wall Street slips as higher Treasury yields weigh on sentiment

Evocom Bhd’s initial public offering (IPO) has been oversubscribed by 3.60 times, ahead of its planned listing on Bursa Malaysia’s ACE Market on Sept 28.

Logistics firm Evocom reports 3.6 times IPO oversubscription ahead of ACE debut

US factory output unexpectedly declined for the first time this year as production of business equipment cooled and manufacturers grappled with higher input costs.

US factory output unexpectedly falls for first time this year

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

AirAsia Group, Capital A, KYM Holdings, TMK Chemical, Tenaga Nasional, Vestland, Eco World, Zetrix AI, Jati Tinggi 

AirAsia Group Bhd's (KL:AAGB) operation is sustainable with over RM1 billion cash in hand, group adviser Tan Sri Tony Fernandes said&nbsp;as he dismissed concerns about the airline's finances.

AirAsia sustainable with RM1 bil cash, no govt bailout requested, says Fernandes

Former prime minister Datuk Seri Najib Razak has been allowed house arrest to serve out his&nbsp;remaining sentence for grand corruption.&nbsp;

King consents to house arrest for Najib until August 2028

Zetrix AI Bhd (KL:ZETRIX) is postponing its cash dividend payout following a court order secured by a substantial shareholder of the digital services firm.

One shareholder's court order holds up Zetrix AI's entire cash dividend payout

Tenaga Nasional Bhd (KL:TENAGA) saw RM3.03 billion wiped off its market value in late-session selling on Friday, following the national utility's announcement it would absorb the government's expanded electricity subsidy for households until the year-end.

TNB sheds RM1.6 bil market cap after agreeing to absorb subsidy for domestic users

Pakatan Harapan will hold a presidential council meeting on Friday evening to discuss current developments, according to a local news report.

Pakatan Harapan leaders to meet on current political developments — report

It is unfeasible for rivals to absorb AirAsia Group Bhd's (KL:AAGB) domestic market share even as a contingency plan, the airline’s adviser Tan Sri Tony Fernandes said.

Talks of rival airlines absorbing AirAsia's capacity 'ludicrous' — Fernandes

The Democratic Action Party (DAP) said its central executive committee will be meeting on Saturday to discuss and decide on the party's stance and follow-up actions, after former prime minister Datuk Seri Najib Razak was allowed house arrest to serve out his remaining corruption sentence.

DAP respects King’s prerogative on Najib, CEC to meet Saturday to decide party direction

The pardon given by the Federal Territory Pardons Board on Friday — for imprisoned former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence for his SRC International Sdn Bhd conviction under house arrest until the end of his sentence in August 2028 — on condition that the RM50 million fine he had been given is paid first, sets a precedent for white collar crimes, says senior criminal lawyer Datuk N Sivananthan.

Pardon to serve house arrest sets precedent for white collar and other crimes, says lawyer

Civil society groups have expressed concern and regret over the Federal Territories Pardons Board’s decision to allow former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest.

Civil society groups voice concern and regret over Najib’s house arrest decision

TMK Chemical Bhd (KL:TMK) has agreed to acquire Chemical Company of Malaysia Bhd (CCM) from Batu Kawan Bhd (KL:BKAWAN) and its wholly-owned unit Enternal Edge Sdn Bhd for RM939.9 million.

TMK Chemical to buy CCM from Batu Kawan for RM939.9m

Tenaga Nasional Bhd (KL:TENAGA) will absorb the impact from the electricity tariff fuel surcharge exemption that has been expanded to more households up until the end of this year.

Tenaga Nasional to absorb fuel surcharge for electricity subsidy expansion

Russia took control of the local businesses of Swiss food giant Nestle SA and French supermarket chain Auchan in the Kremlin’s largest takeover of foreign corporate assets since at least 2024 amid rising tensions with Europe.

Russia grabs Nestle assets in biggest seizure since 2024

All ongoing court cases involving Datuk Seri Najib Razak must continue, national news agency Bernama reported on Friday, citing Prime Minister Datuk Seri Anwar Ibrahim.

Anwar says all legal cases involving Najib must continue — report

Sunway Medical Group broke ground for the RM800 million Sunway Medical Centre Iskandar Puteri in Johor on Friday, further completing the 2,000-acre Sunway City Iskandar Puteri township development.&nbsp;

Sunway Medical Group breaks ground for RM800 mil Sunway Medical Centre Iskandar Puteri in Johor

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

Capital A Bhd (KL:CAPITALA) has proposed a debt restructuring scheme involving wholly owned subsidiary Move Digital Sdn Bhd, in a bid to resolve its historical liabilities.

Capital A proposes to divest BigPay, Tune Protect stakes under debt restructuring scheme

Indonesia’s new finance minister will retain the policy of his predecessor of keeping about US$17 billion (RM69.33 billion) in the government’s standby funds with state lenders to help boost borrowing and economic activity.

Indonesia’s new finance chief to keep US$17 bil in state banks

KYM Holdings Bhd (KL:KYM) is planning to acquire a 70% stake in orthopaedic and specialist healthcare group Regen Healthcare Sdn Bhd, which marks its entry into the healthcare sector and diversifying its manufacturing-dominated earnings base. 
&nbsp;

KYM to expand into healthcare segment with 70% stake buy of Regen Healthcare

Thailand’s finance minister isn’t getting much sleep these days. Ekniti Nitithanprapas said the demands of the job have cut his nightly sleep to about four hours, leaving him relying on weekly vitamin drips and daily supplements to keep going.&nbsp;

Thai finance chief runs on four hours of sleep, vitamin IV drips

Malaysian exports picked up in August thanks to strong demand for electronics and natural gas while shipments to the US and Taiwan more than doubled.

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