<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 13): Bursa Malaysia Bhd (KL:<a href="/askedge/klse/1818" class="ce-stock" target="_blank">BURSA</a>) said its director of group technology Ashish Jaywant Rege will step down effective July 14, following the expiry of his fixed-term employment contract.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Monday, the exchange operator said it is in the process of appointing a new group technology director, while executive vice-president of applications, group technology Tan York Kie will serve as acting director of group technology from July 14 until the appointment is made.</p></div>

<div class=newsTextDataWrapInner><p>Bursa Malaysia said its board, through the Nomination and Remuneration Committee (NRC), had earlier begun the process of identifying and appointing a new director of group technology.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The exchange operator said an announcement on the new appointment will be made in due course.</p></div>

<div class=newsTextDataWrapInner><p>Ashish, 60, an Indian national, was appointed to the role on Jan 6, 2020. As director of group technology, he oversees Bursa Malaysia’s digital infrastructure, cybersecurity operations and core trading systems.</p></div>


Bursa Malaysia Bhd (KL:BURSA) said its director of group technology Ashish Jaywant Rege will step down effective July 14, following the expiry of his fixed-term employment contract.

Bursa Malaysia’s technology director Ashish Rege to step down July 14

YOUR DAY AHEAD: Oct 15, 2026

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Oct 15, 2026 

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Asian stocks were set to decline, tracking a tech-led Wall Street selloff after hotter-than-expected US inflation fueled bets on more aggressive Federal Reserve rate hikes. The dollar rose.

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Oil held a gain as a flare-up in attacks from Russia to the Middle East threatened supply that only recently recovered to near pre-war levels.

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Stocks fell the most since July as a selloff in chipmakers extended a decline that was fueled by wagers the Federal Reserve will keep lifting interest rates to fight inflation.

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The government is developing a sovereign artificial intelligence (AI) cloud to ensure the country’s classified information remains secure and beyond the reach of foreign laws and policies, said Communications Minister Datuk Seri Fahmi Fadzil.

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Discussions on the list of Pakatan Harapan (PH) candidates for the Melaka state election are over 95% complete, said PH Communications director Datuk Seri Fahmi Fadzil.

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Chinese automakers looking to expand production capacity in Europe have ruled out Italy because of a lack of suitable factories, Italian industry minister Adolfo Urso said on Wednesday.

Chinese producers are looking to establish manufacturing plants inside the European Union as Brussels works on rules that will set minimum local content limits for electric vehicles sold in the bloc.

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<p>A week after a fellow backbender urged the federal government to reject any airline bailout requests, Putatan MP Datuk Shahelmey Yahya called on Putrajaya to step in to help address AirAsia Group Bhd's (KL:AAGB) financial woes.</p>


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<p>Genting Bhd (KL: GENTING) has earmarked RM280 million from its proposed RM1.25 billion rights issue to pay interest and other financing costs.</p>


In response to Bursa query, Genting says will use RM280m from working capital portion of rights issue for interest costs

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


EcoSys, Gamuda, Epicon, AWC, JAG, Genting, Infomina, Bus Cap, IHH Healthcare

<p>A total of 27 data centre projects with an estimated investment of RM225.97 billion have been approved under the data centre task force (DCTF) up to July 2026, according to the Digital Ministry.</p>


Twenty-seven data centre projects worth RM226b greenlit by task force — Digital Ministry

<p>Malaysia’s retail prices for unsubsidised RON97 and RON95 petrol will drop by five sen per litre, while unsubsidised diesel will drop by 10 sen from Thursday (Oct 15) to Oct 21.</p>


Unsubsidised petrol down five sen, diesel down 10 sen from Oct 15 

<p>Japan will invest up to US$21 billion (RM85.7 billion) in two chip factories in New York state that will be jointly owned by the US government and Japanese interests and operated by GlobalFoundries, the company said on Wednesday.</p>


Japan to invest up to US$21b in two US chip factories to be run by GlobalFoundries

<p>JAG Bhd (KL:JAG) said it is acquiring a freehold industrial land in Shah Alam for RM36.89 million cash to expand its total waste management business.</p>


JAG acquires industrial land in Shah Alam to expand total waste management business

<p>Yields on US Treasuries climbed across durations on Wednesday after consumer prices accelerated in September ramping up expectations that the Federal Reserve will have to increase interest rates to try to tame stubborn inflation.</p>


US yields jump as hot consumer inflation boosts rate hike bets

<p>Lembaga Tabung Haji is proposing amendments to the Tabung Haji Act 1995 to bar active politicians from its board.</p>


Tabung Haji mulls legislative changes to ban politicians from board     

<p>Wall Street's main indices edged lower on Wednesday after a hotter-than-expected inflation report boosted bets of an interest rate hike this month, while investors parsed more big bank earnings.</p>


Wall Street slides as hot CPI data fuels rate-hike bets; chips, banks weigh

<p>US consumer prices accelerated in September as the cost of gasoline surged, dealing another blow to President Donald Trump and his Republican Party ahead of the November 3 midterm elections and putting an interest rate increase later this month back on the radar.</p>


US inflation heats up in September; Fed rate hike this month back on table

<p>Educational institutions under the Ministry of Education (MOE) in Selangor, Negeri Sembilan, Melaka and Pahang will reopen on Thursday (Oct 15).</p>


Schools in Selangor, Negeri Sembilan, Melaka and Pahang to reopen Thursday

<p>Firefly has further extended the cancellation of flights between Subang and Singapore until Oct 16 as haze conditions worsen in the city-state.</p>


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<p>Chinese automakers looking to expand production capacity in Europe have ruled out Italy because of a lack of suitable factories, Italian industry minister Adolfo Urso said on Wednesday.</p>

<p>Chinese producers are looking to establish manufacturing plants inside the European Union as Brussels works on rules that will set minimum local content limits for electric vehicles sold in the bloc.</p>


<p>French video games group Ubisoft said Wednesday that it planned to close a studio in Finland and cut 70 jobs in Singapore as it tries to return to profitability.</p>


Ubisoft to close Finland studio, cut 70 jobs in Singapore

<p>Stocks fell the most since July as a selloff in chipmakers extended a decline that was fueled by wagers the Federal Reserve will keep lifting interest rates to fight inflation.</p>


<p>US mortgage rates continue to rise, pushing down home purchasing activity for a sixth straight week.</p>


US mortgage rates hit 7.5%, extending slump in home buying

<p>Netflix is cutting about 6% of its workforce, or roughly 1,000 jobs, in its biggest round of layoffs since 2022, the <i>Wall Street Journal</i> reported on Wednesday, citing an email sent to employees.</p>


Netflix cuts about 6% of jobs in biggest layoff since 2022 — report

<p>Asian stocks were set to decline, tracking a tech-led Wall Street selloff after hotter-than-expected US inflation fueled bets on more aggressive Federal Reserve rate hikes. The dollar rose.</p>


<p>(OCt 15): Malaysian property tycoon Datuk Lee Yeow Seng is making waves as one of the most aggressive buyers of commercial real estate in Singapore, and he’s not done yet.</p>

<p>His IOI Properties Group Bhd (KL:IOIPG)&nbsp;is in exclusive talks and due diligence to purchase two property asset...