KUALA LUMPUR (Oct 15): The Retirement Fund Incorporated's (KWAP) RM750 million allocation under Budget 2027 represents a planned commercial investment for Projek Vista Kampus across six selected universities, with the investment intended to generate sustainable long-term returns for the retiremen...

KWAP's RM750 mil campus project a planned commercial investment for long-term returns

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

Zetrix AI, Bus Cap, Sunway, AWC, CTOS Digital, Kimlun Corp, CelcomDigi, Vestland, HeiTech Padu, Duopharma Biotech, Mycron Steel, HCK Capital, JAKS Resources, Citaglobal, PJBumi

Norway-registered SEA1 Offshore Rederi AS has ceased to be a substantial shareholder in loss-making Propel Global Bhd (KL:PGB), after disposing of 49.23 million shares in the oil and gas services group.

SEA1 Offshore ceases to be substantial shareholder in Propel Global

Philippine authorities said a politician from Marawi City in the country's southern island of Mindanao had allegedly chartered the Malaysia-based private jet involved in a bid to fly over half a tonne of meth from Laos to the Philippines, Bernama reports.

Mindanao politician funded private jet in Laos drug bust, say Philippine authorities

A total of 13,743.15 tonnes of vehicle battery waste classified under scheduled waste code SW103 were generated nationwide between 2021 and 2025, according to the Ministry of Natural Resources and Environmental Sustainability (NRES).

A total of 13,743 tonnes of battery waste generated nationwide from 2021 to 2025

Malaysia is stepping up efforts to achieve its US$30 billion bilateral trade target with Thailand in 2027 through improved border infrastructure, cross-border financing and trade facilitation measures under Budget 2027, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Amir Hamzah said bilateral trade reached RM85.08 billion in the first seven months of 2026, compared with RM66.95 billion in the same period last year, while trade along the Bukit Kayu Hitam-Sadao corridor totalled RM27 billion in the first half of this year.

Malaysia steps up efforts to achieve US$30 bil trade target with Thailand

Malaysia should continue fiscal consolidation, broaden its tax base and improve subsidy targeting to strengthen its resilience to future economic shocks, according to the International Monetary Fund (IMF).

IMF Asia and Pacific Department director Krishna Srinivasan said Malaysia and Brunei were the two Asean countries exporting energy and benefiting from the recent energy shocks.

Malaysia should broaden tax base, improve subsidy targeting to withstand future shocks — IMF

The International Energy Agency said that members agreed to complete the release of 100 million barrels of oil that are still outstanding from an intervention in March aimed at calming global markets.

IEA agrees to release of outstanding 100 mil barrels of oil

Indonesia has begun using dry ice to disperse thick haze caused by forest fires in South Sumatra by deploying 1,600 kilogrammes in an experimental weather modification operation on Thursday.

National Disaster Management Agency (BNPB) Disaster Data, Information and Communication Centre acting head Berton Panjaitan said the operation involved two flights, each carrying 800 kilogrammes of dry ice, targeting areas surrounding Sultan Mahmud Badaruddin II International Airport in Palembang

Indonesia deploys dry ice to disperse haze in South Sumatra

The Nasdaq fell to near one-month lows on Thursday, weighed by a worsening sell-off in AI-linked stocks on fears rising interest rates could impact artificial-intelligence investments, and fresh data pointing to building US price pressures.

Nasdaq slides to near one-month low as AI rout deepens

A three-member Court of Appeal bench on Thursday ruled that a commissioned lawyer and partner at a law firm is liable to pay the balance purchase price owed to a house-seller client, despite another partner of the law firm being responsible for the loss.

Appellate court rules commissioned partner considered a partner, liable to pay firm’s debt

Philippine authorities said a politician from Marawi City in the country's southern island of Mindanao had allegedly chartered the Malaysia-based private jet&nbsp;involved in a bid to fly over half a tonne of meth from Laos to the Philippines, Bernama reports.

Of the 19 Bursa Malaysia-listed firms dropped by audit firm TGS TW PLT last month, 13 have since announced replacements, with interior design outfit Adnex Group Bhd (KL:ADNEX) being the latest to fill the vacancy.

Thirteen of 19 firms dropped by TGS TW have named replacements; most opted for Kudos SBC

CelcomDigi Bhd (KL:CDB) said its wholly owned subsidiary, CelcomDigi Telecommunications Sdn Bhd, has accepted a spectrum award from the Malaysian Communications and Multimedia Commission (MCMC) worth RM381.75 million to strengthen its mobile network.

CelcomDigi pays RM382 mil for spectrum award to boost network capacity and coverage

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

A witness who had filed a police report against the director and producer of the banned film “Mentega Terbang” in 2023 testified in court on Thursday that the movie had not shaken her faith as a Muslim despite having watched the movie in its entirety.

Witness says 'Mentega Terbang' did not lead her astray despite previously claiming the movie would lead Muslims to do so

Labuan Corporation (LC) has appointed entrepreneur Jeffrey Lim Tau Hoong as chief executive officer of its wholly-owned investment subsidiary, Invest Labuan Sdn Bhd (ILSB), effective Thursday.

Jeffrey Lim appointed Invest Labuan CEO

JAKS Resources Bhd (KL:JAKS) has proposed to place out up to 10% of its total issued shares to third-party investors to be identified to raise an estimated RM40.71 million for debt repayment and working capital.

JAKS Resources plans RM40.71m placement to raise funds for debt repayment, working capital

Duopharma Biotech Bhd (KL:DPHARMA) said on Thursday its wholly owned unit has secured exclusive rights to distribute Taiwan-based Enimmune Corp's hand, foot and mouth disease (HFMD) vaccine in Malaysia, Singapore and Brunei, subject to regulatory approval in the three countries. &nbsp;

Duopharma Biotech unit secures HFMD vaccine distribution rights in Malaysia, Singapore and Brunei

Vestland Bhd (KL:VLB) has secured a contract worth RM225.07 million to undertake river widening and related flood mitigation works in Kelantan.

Vestland bags RM225 mil river widening job in Kelantan

A summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI closes down 0.25% to 1,623.70 on Oct 15, 2026, ending four-day winning streak

Citaglobal Bhd (KL:CITAGLB) has proposed a capital reduction of RM255 million to wipe out its accumulated losses and create retained earnings to enable a share buyback.

Citaglobal proposes RM255m capital reduction and share buyback

Bank Negara Malaysia (BNM) will start collecting data from banks, insurers and payment firms automatically through application programming interfaces (APIs) in late 2028, replacing the reporting system it has used since 2012.

Bank Negara to replace 14-year-old reporting system with API-based data collection from late 2028

Months of sustained wildfires in Indonesia have caused a spike in respiratory illnesses and blanketed several Southeast Asian countries in hazardous haze, with Singapore and Malaysia also hit badly over the last week.

The pollution has stoked political tensions across the region, with officials questioning Jakarta's handling of the fires as well as its reluctance to accept help from its neighbours.

Why is the haze so bad in Southeast Asia this year?

HCK Capital Group Bhd (KL:HCK) is kicking off construction of the first phase of its RM1.8 billion e.Sentral SmartCity development in Shah Alam, Selangor, by awarding a RM220 million construction contract to Alphazen Contract Sdn Bhd.

The entire 10-acre mixed-use development, which is touted to combine smart-living technology with direct access to nature, is located in Damansara West, HCK Capital’s bourse filing showed on Thursday (Oct 15).

HCK Capital kicks off works on RM1.8 bil e.Sentral SmartCity with award of RM220 mil construction contract

The S&amp;P 500 has been a stone's throw away from 8,000 points since its midsummer rally, but many analysts and portfolio managers are skeptical the broad US index will close the gap despite strong third-quarter earnings expectations.

Since the last earnings season in July, oil has climbed above US$105 a barrel from US$84, and the US 10-year Treasury yield has pushed to its highest since 2002. Higher oil prices and rising yields don't typically help stocks and November's midterm elections present another layer of uncertainty.

S&P 500's march to 8,000 hinges on 'very, very strong' third quarter

Indian billionaire Mukesh Ambani's Jio Platforms IPO is fairly valued, leaving room for a listing-day pop, analysts said, with future gains linked to the company's ability to monetise its large telecom customer base to sell digital and AI services.

The firm, a part of Reliance Industries, is seeking a valuation of US$108.3 billion from its US$3.2 billion IPO, which will be India's biggest. The share sale will open on October 21 and the shares are expected to start trading on October 28.

Ambani's Jio set for listing pop, analysts say ahead of record IPO

In his Budget 2027 speech, Prime Minister Datuk Seri Anwar Ibrahim announced RM1.2 billion in investments by Khazanah Nasional and KWAP to help local semiconductor companies move into higher-value segments, including an investment fund involving Khazanah and the Selangor state government. Separately, Khazanah and InvestPenang will establish a RM100 million Strategic Investment Fund to support semiconductor and advanced manufacturing companies in their early stages of growth. These commitments signal support for domestic industrial upgrading. Yet the speech offers no explicit focus or dedicated measures for precision machining and outsourced semiconductor assembly and testing (OSAT) — two critical pillars of Malaysia’s semiconductor ecosystem that deserve greater attention in the country’s industrial strategy.

Opinion: Budget 2027 — Malaysia must back its semiconductor backbone before the window closes

Astaka Padu Sdn Bhd and Kimlun Corporation Bhd (KL:KIMLUN) are extending their partnership to jointly develop the RM450 million gross development value&nbsp;Amora Serviced Residence (ASR) in Johor Bahru.

Astaka Padu, Kimlun partner to develop RM450 mil serviced apartment project in JB

KUALA LUMPUR (Oct 15): The Retirement Fund Incorporated's (KWAP) RM750 million allocation under Budget 2027 represents a planned commercial investment for Projek Vista Kampus across six selected universities, with the investment intended to generate sustainable long-term returns for the retiremen...

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