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

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

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

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%

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.

Alibaba chairman says open source is Europe’s best shot at AI

GDB Holdings Bhd (KL:GDB) is expanding its construction business through the proposed acquisition of two companies, while diversifying into property development to broaden its earnings base.

GDB buys two construction firms for RM82 mil, expands into property development

SD Guthrie Bhd (formerly Sime Darby Plantation Bhd) has resolved its five-year legal dispute with the Penang Development Corporation (PDC) involving the compulsory acquisition of the group's lands in Byram Estate, Seberang Perai Selatan, following a settlement between the entities.

SD Guthrie obtains additional RM68.01m in land acquisition settlement with PDC

UWC Bhd (KL:UWC) has dropped its plan to use part of the proceeds of its newly proposed RM384.13 million private placement to pay off borrowings, choosing instead to redirect the amount towards factory expansion and working capital.

UWC drops debt repayment plan in proposed RM384 mil placement to focus on expansion, operations

MyDCD Bhd, a provider of mechanical, electrical, plumbing and fire protection (MEPF) engineering services for critical infrastructure such as data centres, has signed an underwriting agreement with TA Securities Holdings Bhd for its proposed ACE Market listing, targeted for the fourth quarter of this year.

Engineering services firm MyDCD gets TA Securities to underwrite ACE Market IPO

Selangor Menteri Besar Datuk Seri Amirudin Shari will meet the State Education Department (JPNS) on Friday to discuss follow-up measures regarding the haze situation currently affecting the state.

Selangor govt, state education dept to discuss measures to address haze, Super El Niño — MB

Batu Kawan Bhd’s (KL:BKAWAN) unconditional mandatory takeover offer for MKH Bhd (KL:MKH) closed on Thursday with the group's stake in the property developer rising to 96.73%.

Batu Kawan's stake in MKH rises to 96.73% at close of takeover offer

SK Hynix Inc’s Solidigm has picked lead banks for its US initial public offering (IPO) next year, according to people familiar with the matter.

SK Hynix’s flash memory unit said to pick banks for US IPO next year

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

FBM KLCI down 0.67% to 1,601.01 on Oct 8, 2026

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...

The Public Service Department will consider any decision made by the Attorney General’s Chambers (AGC) regarding the incident involving Malaysian&nbsp;Border Control and Protection Agency (AKPS) director general Datuk Seri Mohd Shuhaily Mohd Zain at Terminal 1 of Kuala Lumpur International Airport (KLIA).

AGC to determine further action in border control director general's case — Public Service Dept

MISC Bhd (KL:MISC) has secured long-term charter contracts for five new liquefied natural gas (LNG) carriers from PETRONAS LNG Ltd, an indirect unit of Petroliam Nasional Bhd (PETRONAS).

MISC secures 20-year charters for five new LNG carriers from PETRONAS unit

Indonesian President Prabowo Subianto has agreed to take the necessary steps to address the haze situation in Malaysia, Prime Minister Datuk Seri Anwar Ibrahim said.

Anwar says has spoken to Indonesia’s Prabowo over worsening haze

Johor-based bus operator Hi Mobility Bhd (KL:HI) has received a letter of intent (LOI) from the Land Public Transport Agency (APAD) to operate the Stage Bus Service Transformation (SBST) programme in Johor Bahru for about four years.

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