HONG KONG (Oct 13): Tencent Holdings is selling US dollar and offshore Chinese yuan, or dim sum, bonds in a deal that could raise at least US$4.5 billion as the Chinese technology giant seeks funding amid higher spending on artificial intelligence.

Tencent markets dollar, dim sum bonds amid AI spending spree

KUALA LUMPUR (Oct 13): Malaysia's efforts to narrow its fiscal deficit could face challenges from persistently high subsidy costs, particularly if the US-Iran conflict continues to drive up energy prices, according to BMI, a Fitch Solutions company.

BMI sees Budget 2027 subsidy allocations posing risk to Malaysia’s fiscal consolidation

The global economy will still manage to top 3% real GDP growth this year as strong AI investment offsets the energy shock from the war in the Middle East, but downside risks are mounting and more countries are being left behind and vulnerable to rising debt loads, the International Monetary Fund said on Tuesday.

IMF says AI investment propping up global growth, but war and debt threaten outlook

A global slide in semiconductor stocks deepened, sending South Korea’s chip-heavy market down more than 6% as concerns about Chinese competition and stretched AI valuations intensified.

Chip sell-off triggers 6% Korea rout after CEO’s ‘casino’ warning

(Oct 13): Australia’s securities regulator temporarily barred Fidante Partners Ltd from offering units in a credit fund, extending a clampdown on private credit investments amid concerns over risks to investors.

Australia regulator halts another credit fund amid crackdown

Energy major Shell on Tuesday criticised the Australian government's plan to force liquefied natural gas producers to reserve a portion of their output for domestic use, calling it a "sledgehammer to crack a nut" for an already functional market.

Shell calls Australia's gas reserve plan a 'sledgehammer' that risks market failure

Asian equities fell sharply on Tuesday led by technology shares as a widening conflict in the Middle East kept oil prices elevated, supporting the dollar ahead of an earnings season that will set the tone for the rest of the year.

Asian stocks dive as focus on earnings, geopolitics  

A cloud of haze has descended across Southeast Asia over the past few months as a brutal El Niño helps incinerate forest and scrub in Indonesia. Obscuring responsibility for the fires stems from a much deeper and more impenetrable legal pall.

Opinion: Singapore can fix Southeast Asia’s haze, if it wants to

LONDON/GDANSK/DUBAI/CAIRO (Oct 12): Authorities have extended the closure of Riyadh's international airport until Saturday and airlines scrapped flights after continuing attacks by Yemen's Iran-aligned Houthis emptied the skies over Saudi Arabia's capital.

Saudi capital's airport to remain shut this week as airlines cancel services

A stronger yuan is among the most underpriced scenarios in the world’s US$9.5 trillion (RM38.8 trillion)-a-day foreign exchange market, according to Goldman Sachs Group Inc’s Kamakshya Trivedi.

Goldman says markets underestimating how far yuan can rise

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

AirAsia, IJM, Zetrix AI, IOI Properties, MN Holdings, Swift Energy, Kinergy, iCents, Infomina, LAC Med 

KUALA LUMPUR (Oct 13): His Majesty Sultan Ibrahim Sultan Iskandar, King of Malaysia, bought a stake in miner Southern Alliance Mining Ltd for S$6.1 million (US$4.8 million), according to a statement on Tuesday.

King Sultan Ibrahim acquires 2.25% in Southern Alliance Mining in S$6.1 mil offmarket deal

Asian equities fell sharply on Tuesday led by technology shares as a widening conflict in the Middle East kept oil prices elevated, supporting the dollar ahead of an earnings season that will set the tone for the rest of the year.

LVMH’s biggest division posted a slump in sales last quarter as its key Louis Vuitton brand suffered from a boycott in China. 
&nbsp;

LVMH sales at key unit fall as China woes hurt Louis Vuitton

The absence of accurate numbers of individuals without identification documents poses a challenge for the National Registration Department (JPN) in identifying the Orang Asli and indigenous communities who are still left out of the national registration system.

JPN faces challenge in identifying affected groups due to lack of identification documents

Middle-income earners (M40) are among those benefitting from Budget 2027 through an increase in the individual tax relief limit to RM12,000 from RM9,000, alongside RM100 under the Sumbangan Asas Rahmah (Sara) Madani assistance to be disbursed twice next year to eligible adult Malaysians.

M40 to benefit from Budget 2027 tax relief, Sara aid — Treasury secgen

The iron and steel sector is among those frequently facing pressure from dumped imports of intermediate goods, with eight of Malaysia’s nine existing anti-dumping measures covering products in the sector.

Eight of Malaysia’s nine anti-dumping measures cover iron, steel products — Miti

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Oct 13, 2026 

The Ministry of Health (MOH) will recommend absorbing contract dental and pharmacy officers into permanent positions for the consideration of the Ministry of Finance and the Cabinet, in an effort to ensure the future and welfare of these groups are safeguarded.

MOH will recommend absorbing dental and pharmacy officers — Dzulkefly

The government is confident it can spend the RM510 billion allocated in Budget 2027 without introducing any new taxes, says Minister of Finance II Datuk Seri Amir Hamzah Azizan.

Budget 2027: Govt confident of RM510 bil expenditure without introducing new taxes — Amir Hamzah

Big US bank stocks are teetering in correction territory as the group kicks off earnings Tuesday, heightening the focus on executives’ outlook for the American consumer with long-term borrowing costs the highest in decades.

Bank stocks mired in correction into earnings as yields rise

BENGALURU (Oct 12): Oil prices edged lower on Tuesday after climbing by nearly US$2 a barrel in the previous session, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.

Oil ticks lower as Russia diesel supply prospects counter Gulf supply risks

Investors fled US mortgage bond funds at historic levels over the past three weeks, with outflows ranking among the seven worst since the start of 2021, as surging interest rates spur a flight from volatility.

US mortgage bond funds suffer one of worst  outflows since 2021

A sell-off in Singapore bank shares driven by fears of earnings downgrades is threatening one of Asia’s best-performing major stock benchmarks this year, putting the city-state’s safe haven status to the test.

Singapore bank sell-off tests city-state’s safe haven status

Investors from countries including the US, China and India are interested in a new port project in southern Peru ​estimated to cost around US$844 million (RM3.4 billion), officials said on ‌Monday.

US, Chinese and Indian firms show interest in Peru's US$844m port project

A cloud of haze has descended across Southeast Asia over the past few months as a brutal El Niño helps incinerate forest and scrub in Indonesia. Obscuring responsibility for the fires stems from a much deeper and more impenetrable legal pall.

US authorities conducted a predawn raid on Monday on the Washington-area home of Democratic US Representative Ilhan Omar of Minnesota, an outspoken critic of Donald Trump who has been the target of political insults by the Republican president, as part of an ongoing investigation, the Justice Department said.

US immigration authorities raid Democratic congresswoman Ilhan Omar's home

A stronger yuan is among the most underpriced scenarios in the world’s US$9.5 trillion (RM38.8 trillion)-a-day foreign exchange market, according to Goldman Sachs Group Inc’s Kamakshya Trivedi.

The Ministry of Investment, Trade and Industry (Miti) is implementing a carbon capture, utilisation, and storage (CCUS) pilot project at an iron and steel plant on the East Coast, expected to be finalised by the end of 2027.

Iron and steel industry CCUS pilot project expected to be finalised by end-2027 — Miti

Russia hit at least six energy targets during deadly airstrikes across Ukraine, showing it had no interest in an energy ceasefire announced by US President Donald Trump, Ukrainian President Volodymyr Zelenskiy said on Monday.

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