KUALA LUMPUR (Oct 9): Here is a brief recap of some business news and corporate annoucements that made the headlines on Thursday:

SD Guthrie Bhd (KL:SDG) has resolved its five-year legal dispute with the Penang Development Corporation (PDC) involving the compulsory acquisition of...

SD Guthrie, DNeX, Batu Kawan, MKH, MISC, Exsim Hospitality, GDB, Cyberjaya Education, Life Water, MTAG, UWC & Al-‘Aqar Healthcare REIT

Emotions ran high in the Coroner’s Court here on Thursday as the cheerful voice of the late Zara Qairina Mahathir, speaking affectionately to her mother, echoed through the courtroom during the inquest into the Form One student’s death.

Mother chokes up as Zara Qairina’s ‘voice’ fills courtroom during inquest

The US government is suspending Microsoft, Adobe and several large IT firms from a programme that allows skilled foreign workers to gain permanent residency, senior US officials announced on Thursday, citing alleged fraud, and as part of an effort to push companies to hire more Americans.

US suspends Microsoft, major IT firms from key green card programme

Malaysian Green Technology and Climate Change Corporation (MGTC) has proposed reinstating rebates on interest or profit rates, as well as financial support for solar projects, under the upcoming Green Technology Financing Scheme (GTFS) 6.0 for Budget 2027.

MGTC proposes rebate and financial support for solar for Budget 2027

All educational institutions under the Education Ministry (MOE) in areas recording air pollutant index (API) readings above 180, based on Department of Environment (DOE) readings, must be closed from Friday, Oct 9, amid the haze currently affecting the country.

Education minister announces school closures in four states, KL, Putrajaya and Rompin due to haze 

Fitters Diversified Bhd (KL:FITTERS) is proposing to sell its wholly-owned palm oil unit to raise cash for redeployment into other core divisions.

Fitters Diversified eyes sale of palm oil unit to redeploy funds into core businesses

American Airlines Group Inc plans to extend Elon Musk’s Starlink satellite internet service to more than 1,000 mainline aircraft, as US carriers compete to offer faster in-flight WiFi.

American Airlines to expand Starlink WiFi across entire fleet

OpenAI opened ChatGPT advertising to Malaysian businesses on Sept 23, signalling a new channel for reaching customers. But with policies generally prohibiting financial services ads outside the US, local financial services providers are largely locked out of buying visibility.

Commentary: Who wins when customers turn to AI search?

Asian countries are racing to raise their oil stockpiling capacity, complete a regional power grid and speed up renewables in response to supply risks laid bare by the Iran war.

Asia races to stockpile oil, speed up renewables in response to Iran war

US wholesale inventories increased less than initially thought in August as strong demand boosted sales, government data showed on Thursday.

US August wholesale inventories revised lower

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

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

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

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

Dagang NeXchange Bhd (KL:DNEX) has reached a global settlement with its Chinese partner Tethystronics Technologies Co Ltd (TTCL) over disputes involving semiconductor foundry SilTerra Malaysia Sdn Bhd, paving the way for a RM100 million investment in DNeX’s semiconductor holding company.&nbsp;

DNeX settles with partner Tethystronics over SilTerra dispute

All educational institutions under the Education Ministry (MOE) in areas recording air pollutant index (API) readings above 180, based on Department of Environment (DOE) readings, must be closed from Friday, Oct 9, amid the haze currently affecting the country.

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

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

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

Amir Hamzah: RM1.98 mil returned to 239 investors in 2025 as SC strengthened enforcement

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

Lion Industries Corp Bhd (KL:LIONIND) said on Thursday its independent auditor has issued an unqualified audit opinion with a material uncertainty related to the group’s ability as a going concern.

Auditor flags uncertainty on Lion Industries' ability to continue as going concern

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

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%

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

Life Water Bhd (KL:LWSABAH) is acquiring an industrial property in Kota Kinabalu, Sabah, for RM15 million to accommodate its business expansion.

Life Water buys industrial property in Sabah for RM15m

KUALA LUMPUR (Oct 8): Malaysia has made significant early headway in its energy transition journey, having reached a 33% renewable energy (RE) capacity mix by mid-2026, placing the nation comfortably within reach of its 35% target by 2030 and its ultimate goal of 
70% by 2050.

Grid upgrades, green sukuk and bankability key to next phase of energy transition

IN the past few years, “buy now, pay later” (BNPL) gave shoppers a quick and easy route to credit. But the days when just about anyone could get instant approval are over.

Since June this year, BNPL service providers are required to conduct affordability assessments for credit extended ...

Cover Story 2: Credit under watch

Five flights scheduled to arrive at and depart from Senai International Airport, Johor Bahru, were affected on Thursday morning due to poor visibility caused by haze.

Haze: Five flights affected by poor visibility at Senai International Airport

The government is confident of achieving its target of raising workers’ compensation to 40% of gross domestic product (GDP) by 2030, in line with the aspirations of the 13th Malaysia Plan (13MP), Deputy Economy Minister Datuk Mohd Shahar Abdullah said.

Govt confident of raising workers' compensation to 40% of GDP by 2030, Dewan Rakyat hears

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.

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