<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 4): The Employees Provident Fund (EPF) has increased its stake in Eco-Shop Marketing Bhd (KL:<a href="/askedge/klse/5337" class="ce-stock" target="_blank">ECOSHOP</a>) just one day after emerging as the second-largest shareholder in the fixed-price products retail chain operator.</p></div>

<div class=newsTextDataWrapInner><p>According to a bourse filing on Thursday, the pension fund bought an additional 6.73 million shares or 0.12% stake in Eco-Shop on Aug 28, raising its holdings to 5.26% or 302.89 million shares.</p></div>

<div class=newsTextDataWrapInner><p>The transaction price was not disclosed in the filing. Based on the closing price of RM1.45 on the day of the share purchase, the estimated value of the transaction is RM9.77 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>On Wednesday, Eco-Shop notified the stock exchange that the EPF bought 8.68 million shares or a 0.15% stake in the company on Aug 27, raising its holding to 5.14%. That made the fund the second-largest shareholder of Eco-Shop, just behind founder and managing director Datuk Seri Lee Kar Whatt, who holds a 73.81% direct and 3.104% indirect stake.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Eco-Shop rose by six sen or 4.1% to RM1.51 on Thursday, giving the company a market capitalisation of RM8.69 billion.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/816622" target="_blank">EPF becomes Eco-Shop's second-largest shareholder with 5.14% stake</a></em><br />
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The Employees Provident Fund (EPF) has increased its stake in Eco-Shop Marketing Bhd (KL:ECOSHOP) just one day after emerging as the second-largest shareholder in the fixed-price products retail chain operator.

EPF ups stake in Eco-Shop to 5.26% a day after emerging as second-largest shareholder

(Nov 6): A key Singaporean associate of alleged global scam kingpin Chen Zhi was charged in court on Friday, as authorities continue their crackdown more than a year after the US and UK unmasked what they called a transnational criminal empire.

Singapore arrests and charges key aide of alleged scam kingpin

The grounds of judgement, for the decision that allows for the additional testimony of one of the prosecution’s star witnesses in Datin Seri Rosmah Mansor's completed graft case, are still pending.

Grounds of judgement not ready, delaying additional testimony of key witness in Rosmah's completed graft case

Thailand’s higher taxes on imported electric vehicles are prompting automakers to consider more local production, boosting Bangkok’s drive to become an EV manufacturing hub.

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KUALA LUMPUR (Nov 6): Emits Bhd, which manufactures antennas for consumer and industrial devices, is accepting applications from investors at 16 sen per share for its ACE Market listing.

Emits, which makes antenna, launches ACE Market IPO at 16 sen per share

South Korea’s government turned the world’s hottest stock market into a political trophy. Now, a reversal that’s wiped out more than a trillion dollars in value is stirring a retail investor backlash and testing public faith in its leaders.

South Korea’s US$1.7 tril rout burns day traders, challenges Lee

Fraser & Neave Holdings Bhd (KL:F&N) expects financial year ending Sept 30, 2027 (FY2027) to be a rebuilding year for its Cambodian business, with no major additional capital expenditure anticipated following the start of commercial production at its new manufacturing facility.

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CAIRO (Nov 6): Abu Dhabi National Oil Company (Adnoc) has signed a 10-year liquefied natural gas (LNG) supply agreement with India's Gujarat Energy, the company said, expanding its presence in one of Asia's key LNG markets.

Adnoc signs 10-year LNG supply agreement with India's Gujarat Energy

Hong Kong’s exchange operator unexpectedly posted a decline in profit in the third quarter as an initial public offering (IPO) boom and trading ran into headwinds fuelled by concerns over massive investments to fund the build-out of artificial intelligence (AI).

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KUALA LUMPUR (Nov 6): Fraser & Neave Holdings Bhd (KL:F&N) expects its integrated dairy farm, F&N AgriValley, to take several more years to break even, with no specific timeline stated as it works to stabilise operations.

F&N CEO says AgriValley break-even could take more years than expected

Grab Holdings Ltd will reduce the fees it collects from drivers in Vietnam and pay about 3.9 billion dong (US$151,854 or RM618,029) in compensation for past excessive deductions, following a review by the country’s competition watchdog.

Grab to cut Vietnam driver fees, pay compensation after review

<p>Imprisoned former prime minister Datuk Seri Najib Razak has paid the RM50 million fine, paving the way to him serving the remainder of his prison term in the confinement of his home.</p>


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<p>SINGAPORE (Nov 6):&nbsp;A rout in Asia's tech-heavy markets deepened on Friday as fear of increased regulatory scrutiny and a slowdown in AI build-out precipitated the steepest decline in US stocks since the tariff-triggered "Liberation Day" selloff in April 2025.</p>


Asia stocks tumble after AI rout rocks US markets

<p>Malaysian shares are broadly lower as a massive overnight sell-off on Wall Street rippled over to Asian markets on Friday. The ringgit weakened.</p>


Malaysia shares broadly lower as Wall Street rout spills to Asia

<p>Datin Seri Rosmah Mansor said on Friday that she has no knowledge of the payment reportedly made to settle the RM50 million&nbsp;fine on her imprisoned husband Datuk Seri Najib Razak.</p>


Rosmah says she and family have no knowledge of Najib's reported fine payment

<p>KUALA LUMPUR (Nov 6): Technology stocks remained under selling pressure on Friday, as investors weighed the implications of the Democrats' strong showing in the US midterm elections for the artificial intelligence (AI) trade.</p>


Tech stocks tumble as AI trade concerns deepen

<p>SINGAPORE (Nov 6): Singapore's Oversea-Chinese Banking Corp (OCBC) on Friday raised its 2026 outlook after posting a 3% annual rise in third-quarter net profit that beat estimates, even as weakness in its insurance arm weighed on its bottom line.</p>


Singapore bank OCBC raises 2026 guidance after 3Q profit beat

<p>Imprisoned former prime minister Datuk Seri Najib Razak's legal team has confirmed that the RM50 million fine has been paid and the court has subsequently issued an order for house arrest.</p>


Court has issued Najib's order for house arrest

<p>NEW YORK/BENGALURU (Nov 5): Tech-led Nasdaq notched its deepest one-day drop since ‘Liberation Day’ in April 2025, wiping out trillions in market value on fears of more AI scrutiny, particularly on data center construction, after Democrats won big in US midterm elections.</p>


Investors wipe US$2.5 tril off Nasdaq as blue tsunami prompts AI fears

<p>Public Bank Bhd (KL:PBBANK) saw its net profit drop 3.8% year-on-year in the third quarter ended Sept 30, 2026 (3QFY2026) on higher loans or financing impairment allowances.</p>


Public Bank 3Q net profit slips 3.8% on higher loan loss charges

<p>Prime Minister Datuk Seri Anwar Ibrahim and US Secretary of State Marco Rubio spoke on boosting economic ties in a telephone call on Thursday.</p>


US Department of State: Rubio spoke to Anwar on boosting economic ties

<p>SYDNEY/WELLINGTON (Nov 6): The Reserve Bank of New Zealand (RBNZ) said on Friday that it hit the local unit of Westpac with a charge alleging it breached disclosure rules for the country's Depositor Compensation Scheme.</p>


New Zealand central bank hits Westpac with charge over disclosure breach

<p>(Nov 6):&nbsp;Malaysia’s status as a net energy exporter is bolstering the appeal of its sovereign debt, analysts say, shielding the market from regional inflation pressures even as global oil prices fluctuate.</p>


Malaysian bonds lure buyers as oil squeezes peers, analysts say

<p>TA Securities sees 12.5% upside for IOI Properties Group Bhd’s (KL:IOIPG) real estate investment trust (REIT) arm amid its attractive valuation relative to large peers.</p>


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<p>The High Court in Miri, Sarawak&nbsp;on Oct 26&nbsp;granted an interim injunction explicitly barring 89 parcel purchasers of the Stirling Suites from voting at The Stirling’s joint management body (JMB) annual general meeting (AGM) on Oct 27.</p>


High Court halts voting rights of 89 purchasers at The Stirling’s joint management body AGM

<p>(Nov 5):&nbsp;Shares of Elon Musk's companies ‌SpaceX&nbsp;and Tesla&nbsp;slumped on Thursday, extending losses from the previous session, as investors worried that Democratic wins in the US midterm elections could slow data center build-outs.</p>

<p>SpaceX, which has leaned into the ​AI data ...

SpaceX, Tesla extend losses as midterm results cloud data center, merger outlook

<p>Oil pushed higher on Friday after rebounding on Thursday from a sharp sell-off triggered by a Democratic sweep of US midterm elections, as traders weighed the outlook for an end to war in the Middle East.</p>


Oil extends rebound on uncertainty over Iran war peace progress

<p>Here's a heads up on what to look out for today.</p>


YOUR DAY AHEAD: Nov 6, 2026 

<p>(Nov 5): The backlash against data centers evident in this week's US midterm elections raises new risks for a key source of economic growth. But restrictions on development could ultimately reduce the odds of a downturn by keeping the AI investment boom in check.</p>

<p>Around half of planned ...

US data-centre backlash may lower odds of AI investment bust

<p>BENGALURU (Nov 5): AI data centre firm IREN on Thursday delayed some infrastructure deliveries for Microsoft&nbsp; and laid out another US$15 billion in spending, even as a rout in AI stocks puts the sector's massive buildout under pressure.</p>


AI data centre firm IREN delays Microsoft AI deliveries, plans US$15 bil spending push

<p>(Nov 5): Alphabet's&nbsp;Google will invest $17 billion to build its first data center in Wyoming, the company said on ​Thursday, pushing ahead with a major AI infrastructure ‌investment as political resistance to data center expansion grows following the US midterm elections.</p>

<p>Of the 41...