<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 28): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday:</div>

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Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.

FBM KLCI rises 1.39% to 1,675.24 on Aug 28, 2024

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Residents of the Thai capital waded through waist-deep waters in some areas on Monday, while thousands sheltered in evacuation centres following flooding brought by weekend rains, as swelling reservoirs in an eastern province prompted evacuations.

Thousands huddle in Bangkok shelters as Thai flood damages seen at US$320m

The Federation of Malaysian Manufacturing (FMM) has called for any review of the minimum wage to be negotiated through the National Wages Consultative Council’s tripartite process, with factors including productivity, cost of living and employers’ capacity to pay taken into account.

FMM: Minimum wage review should account for productivity, capacity to pay

A sell-off in Treasuries resumed on Monday as oil rallied after US President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, intensifying inflation concerns.

Treasury sell-off resumes as oil rises after Iran offer spurned by Trump

The Malaysian Anti-Corruption Commission (MACC) has submitted several governance improvement recommendations to the Federal Land Development Authority (Felda) and two of its subsidiaries to enhance transparency in the implementation of the Agro Park (Commercial) project and the cattle trading pilot project.

MACC recommends improvements to governance of Felda, two units to boost transparency

GUH Holdings Bhd (KL:GUH) has received the fourth and final compensation payment for the transfer of its industrial land in Suzhou, China, to the Chinese government for 195 million yuan (RM114.9 million).

GUH receives final payment for Suzhou land transfer

Australia's biggest property company on Monday abandoned plans to build a data centre metres from people's homes in the Sydney suburbs after the proposal sparked fierce local opposition.

Australian developer axes Sydney suburban data centre plan after local opposition

Bitcoin continued to lose momentum on Monday, cooling after a blistering rally in recent weeks as a fresh bout of macro uncertainty weighed on risk assets.

Bitcoin rally wobbles as macro risks overshadow ETF demand

Barisan Nasional’s partnership with Pakatan Harapan in the ruling coalition will end once Parliament is dissolved, the New Straits Times reported.

Zahid says Barisan Nasional will break up with Pakatan Harapan once elections are called — report

KUALA LUMPUR (Sept 28): Tun Dr Siti Hasmah Mohd Ali, wife of former prime minister Tun Dr Mahathir Mohamad, died at the National Heart Institute (IJN) at the age of 100, on Monday morning.

Tun Dr Siti Hasmah passes away at 100

When Japan-based Ajinomoto Co Inc proposed a selective capital repayment scheme to take Ajinomoto Malaysia Bhd (KL:AJI) private at RM20 per share, it might not have expected it to be an uphill task as it would only need to deal with 30.17 million shares.

But it would not have been plain...

Frankly Speaking: Ajinomoto Japan was proven right, after all

Barisan Nasional’s partnership with Pakatan Harapan in the ruling coalition will end once Parliament is dissolved, the New Straits Times reported.

Evocom Bhd (KL:EVOCOM) fell over 20% in its trading debut on Monday as weak market conditions weighed on the flexible staffing firm.

Evocom falls over 20% in ACE Market trading debut

Hap Seng Consolidated Bhd (KL:HAPSENG) said it plans to sell its Singapore-listed building materials unit for about S$140 million (RM447 million) following a takeover offer.

Hap Seng Consolidated to sell Singapore listed unit Hafary for S$140 mil

KUALA LUMPUR (Sept 28): TSH Resources Bhd (KL:TSH) extended its decline on Monday after the plantation firm’s Indonesian subsidiary was slapped with a RM42 million administrative fine.

TSH extends decline to over one-month lows after unit fined RM42 mil by Indonesia

SHAREHOLDERS of Zetrix AI Bhd ­(KL:ZETRIX) must be a nervous lot, as questions as to what is going on at the digital services and technology company abound.

Last Friday, it announced that a substantial shareholder of the company had been granted an injunction by the High Court on Sept 1...

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Tong's Portfolio: Who governs the governors?

City Developments Ltd (CDL), controlled by one of Singapore’s wealthiest families, saw its shares slide after it unveiled a hotly anticipated business overhaul that included plans to invest S$5 billion (US$3.9 billion or RM16 billion) in countries such as China and Japan, largely offsetting a divestment drive elsewhere.

CDL shares fall in Singapore after it maps out new strategy

GoTo Group shares tumbled after Indonesia’s stock exchange eliminated its 50-rupiah (1.1 sen) price floor, unleashing pent-up selling pressure from investors who had been unable to exit at the mandated minimum price.

GoTo shares plunge after Indonesia's stock exchange removes price floor

Those rejoicing over the Ministry of Education’s recent announcement that the requirement for private education institutions, including tuition centres, to maintain at least 30% bumiputera equity ownership will be dropped should perhaps hold off on their celebrations for now.

The announ...

Frankly Speaking: A case of misplaced priority

RedPlanet Bhd has launched its initial public offering (IPO) at 19 sen per share as part of the information technology services firm’s listing transfer from the LEAP Market.

RedPlanet opens applications for ACE Market IPO at 19 sen apiece

Oil advanced and US equity futures slipped after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, while saying negotiations may resume this week.

Oil up, stock futures slip as Iran offer rejected

Perak is in discussions with several local and foreign investors who have expressed their interest in investing in the automotive ecosystem at the Automotive High-Tech Valley (AHTV) in Tanjong Malim.

Perak in talks with investors keen on Tanjong Malim automotive ecosystem — exco

Gamuda Bhd (KL:GAMUDA) said on Monday it secured an A$790 million (RM2.28 billion) engineering, procurement and construction (EPC) contract in Australia to develop the first stage of the Mortlake Energy Hub.

Gamuda bags RM2.3b Australian renewable energy hub contract

IT has been a volatile year for investors on Bursa Malaysia as the benchmark index made little headway, with swings in sentiment both ways. The FBM KLCI closed at 1,679.21 points last Tuesday, almost unchanged from 2025’s end of 1,680.11.

“When capital gains are harder to come by, divid...

Higher dividends offer some relief in a volatile market

The era of cheap debt is over and rising global bond yields will squeeze earnings, pushing some corporates towards bank loans, BIMB Securities said.

Era of cheap debt is over as corporates face tightening credits — BIMB Securities

PUTRAJAYA (Sept 28): Former human resources minister Datuk Seri M&nbsp;Saravanan arrived at the Malaysian Anti-Corruption Commission (MACC) headquarters here on Monday morning with his wife and two children to receive notices requiring them to declare their assets under Section 36 of the MACC Act 2009.

Saravanan, family arrive at MACC to receive asset declaration notices

The High Court has set Jan 7, 2027, to hear and decide on 1Malaysia Development Bhd (1MDB), its subsidiaries, and SRC International Sdn Bhd's Mareva injunction (asset-freezing order) against Datin Seri Rosmah Mansor, to bar her from disposing of any of her assets amounting to nearly US$350 million (RM1.6 billion).

Jan 7 hearing, decision on 1MDB's bid to freeze Rosmah's assets in luxury goods lawsuit

The government has accorded Tun Dr Siti Hasmah Mohamad Ali a state funeral following her death at the National Heart Institute (IJN) on Monday morning.