The tech-heavy Nasdaq fell more than 1% on Thursday as Alphabet's results rekindled worries about ballooning artificial intelligence (AI) costs, outweighing strength in other sectors, including financials and healthcare, as earnings continued to dominate investor focus.

Nasdaq falls as Alphabet set for record loss amid AI spending woes

Perikatan Nasional (PN) has postponed announcing its candidate for one remaining state seat allocated to the coalition under an understanding with Barisan Nasional (BN) for the 16th Melaka state election.

Perikatan delays announcement of one Melaka state seat candidate

Perikatan Nasional (PN) has announced five candidates for the 16th Melaka state election next month.

Perikatan names five candidates for Melaka polls

Parti Pribumi Bersatu Malaysia (Bersatu) announced eight candidates who will contest in the 16th Melaka state election on Nov 14.

Melaka polls: Bersatu announces candidates for eight seats

Parti Pribumi Bersatu Malaysia (Bersatu) will use its official party logo in the 16th Melaka state election on Nov 14, said its secretary general Datuk Seri Mohamed Azmin Ali.

Bersatu confirms use of own logo in Melaka polls

Cuscapi Bhd (KL:CUSCAPI) saw boardroom changes on Thursday, including the resignation of businessman Datuk Jayakumar Panneer Selvam.

Cuscapi sees boardroom changes as businessman Jayakumar resigns

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

Big Caring, Zetrix AI, Heitech Padu, SD Guthrie, YTL Power, Mega Fortris, GIIB, JF Technology, TSH Resources, BAT Malaysia, Mi Technovation, Axis REIT, Chin Teck Plantations, Taghill &SLGC 

The cost of insuring against losses on Alphabet Inc’s debt rose on Thursday as its shares plummeted, after disappointing results intensified fears that its massive bet on debt-funded artificial intelligence (AI) spending may fail to pay off.

Google debt-risk gauge rises as earnings revive AI debt jitters

Mi Technovation Bhd (KL:MI) posted record earnings in the third quarter ended Sept 30, 2026 (3QFY2026), driven by higher sales volume, improved average selling prices and optimised product mix.

Mi Technovation 3Q profit surges 85% on strong semiconductor demand

SD Guthrie Bhd (KL:SDG) has partnered with YTL Power International Bhd (KL:YTLPOWR) and Bumi Assets Sdn Bhd to develop a 1,623-acre industrial park in Bukit Kerayong, Selangor.

SD Guthrie to join hands with YTL Power, Bumi Assets to develop 1,623-acre Klang industrial park

Zetrix AI Bhd (KL:ZETRIX) told Bursa Malaysia in response to its queries that a dissolution event for its RM2 billion sukuk was triggered after it breached a covenant requiring managing director Wong Thean Soon to remain its largest shareholder.

Zetrix AI tells Bursa dissolution event for RM2 bil sukuk triggered but no immediate repayment of RM2.16 bil required

SD Guthrie Bhd (KL:SDG) has partnered with YTL Power International Bhd (KL:YTLPOWR) and Bumi Assets Sdn Bhd to develop a 1,623-acre industrial park in Bukit Kerayong, Selangor.

Zetrix AI Bhd's (KL:ZETRIX) wholly owned unit MyEG Sdn Bhd has received a RM353.13 million tax bill from the Inland Revenue Board (IRB) over transfer pricing matters for the years of assessment 2021 to 2023.

Zetrix AI’s MyEG unit hit with RM353.13 mil tax bill, govt files suit

Investors flocked to SKA Capital Bhd’s initial public offering (IPO) ahead of its ACE Market listing, with demand exceeding the shares available to the Malaysian public by 80.42 times.

SKA Capital’s ACE Market IPO oversubscribed by 80.42 times

HeiTech Padu Bhd (KL:HTPADU) said it is no longer collaborating with Zetrix AI Bhd (KL:ZETRIX) on the RM1.05 billion National Integrated Immigration System (NIISe) project, after both parties mutually agreed not to extend their teaming agreement.

HeiTech Padu says no longer working with Zetrix AI on NIISe, assures no impact on project

British American Tobacco (Malaysia) Bhd (KL:BAT) reported a 66.54% decline in net profit for the third quarter amid higher restructuring expenses.

BAT Malaysia 3Q net profit falls 67% as restructuring costs bite

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

Two companies linked to businessman Datuk Ng Meng Kee saw sharp declines in their share prices on Thursday, prompting Bursa Malaysia to query one of them.

Two companies linked to businessman Ng Meng Kee see sharp dive in share price, Bursa queries one of them

One of the three Court of Appeal (COA) judges hearing the federal government’s appeal over the Sabah revenue issue on Thursday quizzed parties as to what had transpired between the federal and Sabah governments between 1969 to 2021 that had resulted in them not agreeing to a review between them to increase the state’s revenue.

What happened during 'the lost years', asks COA judge on decades-delayed Sabah-federal revenue review

This year is an exciting year for investors, with the initial public offerings (IPOs) of some of the world’s most exciting technology companies, including Space Exploration Technologies Corp (SpaceX) and the upcoming artificial intelligence (AI) firm Anthropic.

Getting a slice of Anthropic before its IPO

Indonesian police are investigating 97 corporations, including 22 foreign-linked companies, over forest and land fire cases across the country, with 20 companies already named as suspects.

Indonesian police probing 97 corporations over forest fires, 20 named as suspects

The federal government will continue to implement the sales and service tax (SST), as the goods and services tax (GST) will not be considered due to the ongoing burden of the cost of living.

SST retained as GST not an option amid high cost of living, says Amir Hamzah

The Dewan Rakyat passed the Supply Bill 2027, or Budget 2027, at the policy stage on Thursday after it received majority support from Members of Parliament in a voice vote.

Dewan Rakyat passes Budget 2027 at policy stage

Chin Teck Plantations Bhd (KL:CHINTEK) reported a 68.58% drop in net profit for its fourth financial quarter, dragged down by lower palm product sales and the absence of a sizeable land disposal gain recorded by its associate a year earlier.

Chin Teck Plantations' 4Q net profit falls 69% on lower sales, absence of disposal gain

The Malaysian Chinese Association (MCA) will contest one more seat, Bandar Hilir, at the upcoming Melaka state election following talks between Barisan Nasional and Perikatan Nasional.

MCA gets to contest one more seat in Melaka polls

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

FBM KLCI edges down 0.17% to 1,611.16 on Oct 29, 2026

Two local companies licensed to extract rare earth elements (REE) in Kelantan are expected to begin mining next year.

Rare earth elements: Two Kelantan companies expected to begin mining next year

The tech-heavy Nasdaq fell more than 1% on Thursday as Alphabet's results rekindled worries about ballooning artificial intelligence (AI) costs, outweighing strength in other sectors, including financials and healthcare, as earnings continued to dominate investor focus.

JF Technology Bhd (KL:JFTECH) has proposed issuing up to 388.01 million free warrants to existing shareholders, giving them the option to buy more shares in the semiconductor test equipment maker over the next five years.

JF Technology proposes up to 388 mil free warrants to reward shareholders

South Korean artificial intelligence (AI) chip start-up FuriosaAI quadrupled its valuation to US$2.9 billion (RM11.8 billion) in a fresh funding round, bolstering its bid to challenge the likes of Nvidia Corp.

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