<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 27): PJBumi Bhd’s (KL:<a href="/askedge/klse/7163" class="ce-stock" target="_blank">PJBUMI</a>) 90%-owned unit, PT Indodrill Bumi Perkasa, has entered into an oil and gas (O&amp;G) well maintenance arrangement with an Indonesian oil and gas operator.</p></div>

<div class=newsTextDataWrapInner><p>Under an umbrella agreement inked on Oct 24, Indodrill Bumi Perkasa will provide well maintenance services for operator KSO PT Pertamina-PT Petro Papua Mogoi Wasian, according to an exchange filing on Monday (Oct 27).</p></div>

<div class=newsTextDataWrapInner><p>The agreement is for two years until Oct 23, 2027. The deal's value was not disclosed as PJBumi noted it is based on service orders issued by the operator.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>KSO PT Pertamina-PT Petro Papua Mogoi Wasian is an oil and gas operator formed under a joint operation agreement between PT Pertamina EP and PT Petro Papua Mogoi Wasian. It holds the concession for exploration and exploitation in the Mogoi Wasian block.</p></div>

<div class=newsTextDataWrapInner><p>Indodrill Bumi Perkasa is an integrated engineering O&amp;G support services firm. PJBumi did not disclose who owns the remaining 10% equity interest in the unit.</p></div>

<div class=newsTextDataWrapInner><p>Shares in PJBumi ended six sen or 2.24% higher at RM2.74, valuing the company at RM224.68 million.</p></div>


PJBumi Bhd’s (KL:PJBUMI) 90%-owned unit, PT Indodrill Bumi Perkasa, has entered into an oil and gas (O&G) well maintenance arrangement with an Indonesian oil and gas operator.

PJBumi unit inks well maintenance arrangement with Indonesian O&G operator

Zetrix AI Bhd (KL:ZETRIX) has confirmed that it owes the Road Transport Department (JPJ) RM314 million in unremitted collections between May and September 2026, and said the liability has been recognised as a payable on its balance sheet.

Zetrix AI confirms RM314m JPJ arrears after Bursa demands direct answer

HSBC said on Wednesday consultations were underway, after the Financial Times (FT) reported that hundreds of jobs were at risk from the bank's adoption of artificial intelligence (AI).

UK unit job cuts: HSBC says 'consultations' underway amid AI adoption

The holding company of Canada's Weston family has agreed to buy British health and beauty retailer Boots from private equity firm Sycamore Partners and the Pessina family for US$8.9 billion (RM36.4 billion), including debt, it said on Wednesday.

Canada's Weston family buys UK pharmacy chain Boots for US$8.9 bil

The International Energy Agency's (IEA) member countries stand ready to release additional oil from their strategic reserves if necessary and will prioritise diesel due to tight supplies of the fuel, the head of the IEA said on Wednesday.

IEA says member countries ready to release more oil reserves if necessary

The government is reviewing a formal agreement with Dapat Vista Sdn Bhd, the company that operates the eJamin system for online payment of court bail, before submitting it to the Cabinet soon.

eJamin: Govt reviewing formal agreement with Dapat Vista before presenting it to Cabinet

Defence Minister Datuk Seri Mohamed Khaled Nordin is disputing the auditor general’s projection that the first of the long-delayed littoral combat ship (LCS1) would only achieve full operational readiness by December 2035.

Defence Minister disputes AG's 2035 readiness projection for long-delayed combat ships

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

Yinson, Northern Solar, Aemulus, Datasonic, CIMB, AMMB, PJBumi, MMM Group

The Ministry of Finance (MOF) is finalising a proposal to enact the Statutory Bodies and Controlled Entities (Financial Governance) Act to strengthen the governance of government-owned companies.

MOF finalising proposed law to strengthen governance of govt-owned companies

Malaysia still faces RM20.1 billion in outstanding obligations related to 1Malaysia Development Bhd (1MDB) if no additional funds are recovered, according to the Ministry of Finance (MOF).

Govt still has to bear RM20.1b 1MDB burden if no further funds recovered — MOF

The additional tax claim against Tenaga Nasional Bhd (KL:TENAGA) will not result in the cost being passed on to consumers through electricity tariff hikes, said the Ministry of Finance (MOF).

TNB's additional tax claim not passed on to consumers via tariffs, says MOF

<p>Police have arrested seven people, including several foreigners, in connection with&nbsp;the theft of 2.5kg of jewellery worth over RM1.7 million from a shopping mall in Genting Highlands, Bentong, in August.</p>


Seven arrested over RM1.7 mil jewellery heist in Genting Highlands

<p>The first witness for the Federal Land Development Authority conceded in High Court on Wednesday that competing bidders for the agency's prime land along Jalan Semarak were not owned by Synergy Promenade Sdn Bhd shareholder and director Abdul Rahman Soltan, after initially suggesting otherwise.</p>


Felda fraud suit: Witness admits rival bidders for Jalan Semarak land not owned by Synergy Promenade director

<p>Datasonic Group Bhd (KL:DATASONIC) has terminated its proposed RM28.5 million acquisition of an industrial property in Petaling Jaya after a condition precedent requiring approval from the Fire and Rescue Department of Malaysia was not fulfilled.</p>


Datasonic axes RM28 mil property deal after Fire Dept condition unmet

<p>Zetrix AI Bhd (KL:ZETRIX) has confirmed that it owes the Road Transport Department (JPJ) RM314 million in unremitted collections between May and September 2026, and said the liability has been recognised as a payable on its balance sheet.</p>


<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.</p>


<p>Cryptocurrencies fell on Wednesday as a wave of forced selling swept across digital-asset venues, with broader market jitters further weighing on risk appetite.</p>


Bitcoin falls as US$600 mil in risky crypto bets wiped out

<p>British 30-year bond yields rose to a 28-year high on Wednesday as a global bond sell-off pushed equivalent US borrowing costs to their highest since 2002, adding to pressure on finance minister John Healey before his first budget in three weeks' time.</p>


UK 30-year gilt yields hit 28-year high in global sell-off

<p>Bursa Malaysia Securities has dismissed MMM Group Bhd’s (KL:MMM) appeal against the rejection of its proposed regularisation plan, paving the way for the company to be delisted on Oct 12.</p>


MMM Group to be delisted on Oct 12 as Bursa Malaysia dismisses appeal

<p>Northern Solar Holdings Bhd (KL:NORTHERN) has secured a RM34 million engineering, procurement, construction, and commissioning (EPCC) contract to develop a 9.5MW large-scale solar photovoltaic plant.</p>


Northern Solar bags RM34m solar plant contract a day after Main Market transfer

<p>Prime Minister Datuk Seri Anwar Ibrahim said the fifth Madani&nbsp;budget is based on a clear resolve to strengthen the nation’s economy and translate growth into a better life for the people.</p>


Anwar: Budget 2027 based on 'clear resolve' to strengthen economy, translate growth into better life

<p>Retail prices for unsubsidised petrol will increase by 15 sen from Oct 8 to Oct 14 as Brent crude oil hovers around US$100 per barrel despite the recovery of crude oil flows from West Asia.</p>


Unsubsidised petrol up 15 sen from Oct 8, diesel prices stay

<p>Crude palm oil (CPO) prices could trade at a premium to soybean oil as early as April next year, as weather risks and rising biodiesel demand in Indonesia tighten global vegetable oil supplies, said industry analyst Thomas Mielke.</p>


CPO could trade at premium to soybean oil as early as April next year, says Mielke

<p>The Ministry of Human Resources (MOHR) has initiated intervention measures to protect the rights and assist 372 workers of CJ Bio Malaysia Sdn Bhd affected by the closure of the company's plant in Kerteh, Terengganu, from Oct 15.</p>


CJ Bio plant closure: Intervention measures taken to protect rights of workers, says MOHR

<p>Defence Minister Datuk Seri Mohamed Khaled Nordin is disputing the auditor general’s projection that the first of the long-delayed littoral combat ship (LCS1) would only achieve full operational readiness by December 2035.</p>


<p>Soybean could overtake palm as the world’s top vegetable oil by production within the next six years, said one of the industry’s top analysts.</p>


Output of soybean oil may overtake palm oil by 2032, says industry analyst Mielke

<p>JOHOR BAHRU (Oct 7): All schools in Johor will be closed for two days from Thursday due to haze and deteriorating air quality across the state.</p>

<p>State Education and Information Committee chairman Dr Muhammad Naqib Md Ghazali said the decision was made on the orders of the Regent of Johor...

Johor schools to close for two days due to worsening haze, says exco

<p>Malaysia still faces RM20.1 billion in outstanding obligations related to 1Malaysia Development Bhd (1MDB) if no additional funds are recovered, according to the Ministry of Finance (MOF).</p>


<p>EGH International Bhd, an interior fit-out services company, said the public portion of its initial public offering (IPO) was oversubscribed by 2.63 times, ahead of its Oct 16 listing on the ACE Market.</p>


Interior fit-out firm EGH International IPO oversubscribed 2.6 times

<p>A summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.</p>


FBM KLCI down 1.32% to 1,611.78 on Oct 7, 2026

<p>Enterprise IT services provider Ancile Tech Bhd has filed its draft prospectus for an initial public offering (IPO) on the ACE Market, as it seeks funds to set up an in-house network operations centre (NOC) and security operations centre (SOC), and expand its business beyond northern Peninsular Malaysia.</p>
