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

IN September 2022, CGS International Securities Sdn Bhd (then CGS CIMB) granted a RM60 million margin trading account facility to Wong Thean Soon, co-founder and largest shareholder of MyEG Services Bhd, now known as Zetrix AI Bhd (KL:ZETRIX).

The facility came with a price cap on Zetri...

Cover Story 2: Insights into margin calls on Zetrix’s Wong

THE situation at Zetrix AI Bhd (KL:ZETRIX) appears to be deteriorating, with more issues emerging. Late last Friday (Oct 2), Zetrix and its wholly-owned unit MyEG Sdn Bhd had their roles as collection agents for the Road Transport Department (JPJ) suspended, effective from 12.01am on Oct 5.
...

Cover Story 2: Heading deeper into the woods

Zetrix AI Bhd (KL:ZETRIX) on Thursday confirmed it is under police investigation following a Bursa Malaysia query about a news report on the probe.

Zetrix AI confirms police investigation into company following Bursa query

IN a rare move, Excel Force MSC Bhd ­(KL:­EFORCE) (EForce) has proposed to raise funds of up to RM10.66 million through the issuance of new shares.

According to the company, which last implemented a share placement to raise funds in 2010, the proceeds are required for working capital be...

Cover Story 2: Where did Excel Force’s RM26.6 mil go?

India's sunflower oil imports slumped to their lowest in more than four years in September as war-related disruptions curbed supplies from Russia and Ukraine, prompting refiners to ramp up palm oil purchases to a seven-month high, a leading industry body said on Thursday.

India turns to palm oil as sunflower oil imports hit four-year low in September

Malaysia’s central bank has greater room to adjust interest rates after changing its policy guidance last month and stands ready to act if inflation pressures intensify as the Middle East conflict keeps energy prices elevated, its governor said.

BNM governor signals room to act as inflation risks rise

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

Malaysia wants data centre investors to bear the cost of transmission upgrades required by their projects rather than pass the investment to the local players.

Data centre investors must bear necessary grid upgrade costs, says Johari Ghani

The US is considering using its biggest non-nuclear bomb against Iran if President Donald Trump should decide to renew combat in the war that has hit a deadlock, CNN reported on Thursday.

US considering 'mother of all bombs' in Iran war — report

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

Malaysia welcomes China's proposals to expand technology and knowledge transfer, as both countries seek to deepen strategic cooperation beyond conventional investment arrangements, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Malaysia welcomes China's technology, knowledge transfer proposals, says Zahid

China has reaffirmed its support for Malaysia’s bid to become a full member of BRICS and expressed hope that the country will continue playing an important role in strengthening cooperation between China and Asean member states.

China supports Malaysia's BRICS bid, Asean role, says Zahid

Norway's sovereign wealth fund, the world's largest with assets of more than US$2.2 trillion (RM9 trillion), may once again be allowed to invest in firms that make nuclear weapons under a proposal made Thursday.

Norway may let wealth fund invest in nuclear weapon makers

Reliance Industries rose more than 3% on Thursday, its biggest intraday rise in over two months, after the IPO pricing of its telecom unit Jio Platforms, as investors bet the listing would unlock additional value for the conglomerate.

Shares of Bharti Airtel, Jio's main rival and the country's second-biggest carrier, also rose 4.3% in their biggest intraday jump in five months. Analysts said Jio's listing is expected to be a gauge for valuations across the sector.

India's Reliance, Airtel rally as Jio Platforms IPO recasts valuations

The first stage of phase two of the National Digital Network Plan (Jendela 2) rollout in Sarawak will cover 350 locations, with an allocation of RM545 million, said Communications Minister Datuk Seri Fahmi Fadzil.

RM545m Jendela 2 rollout in Sarawak to cover 350 sites, says Fahmi

Bus Cap Bhd (KL:BUSCAP) said it was unaware of any corporate developments that have triggered an unusual market activity (UMA).

Bus Cap says unaware of reason for Oct 14 share price spike

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.

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