<div class=newsTextDataWrapInner><p>(Sept 8): Rio Tinto Group agreed to acquire the Aurukun bauxite project in Australia’s northeast from Glencore plc and Mitsubishi Development Pty Ltd, according to a statement from the global miner.</p></div>

<div class=newsTextDataWrapInner><p>“The acquisition is for an undisclosed price and remains subject to relevant Queensland Government and other Australian regulatory approvals,” a Rio Tinto spokesman said.</p></div>

<div class=newsTextDataWrapInner><p>Aurukun is currently held under a mineral development licence with a mining lease yet to be granted, according to the statement. The project is close to Rio Tinto’s operating bauxite mines on western Cape York.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Bauxite ore from Rio’s existing mines is refined into alumina before being shipped to smelters for processing into aluminium metal.</p></div>

<div class=newsTextDataWrapInner><p>The acquisition comes as Rio Tinto looks to cease operations at its Gove bauxite mine in the Northern Territory by the end of the decade. Production from another mine in Queensland, known as East Weipa, shut in 2024.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Arion Yeow</em></p></div>


Rio Tinto Group agreed to acquire the Aurukun bauxite project in Australia’s northeast from Glencore plc and Mitsubishi Development Pty Ltd, according to a statement from the global miner.

Rio buys Australian bauxite mine from Glencore, Mitsubishi

Indonesian President Prabowo Subianto named a new advisory council on Friday that includes tycoons, politicians and influential former Islamic leaders, the latest in a slew of personnel changes as he grapples with a declining approval rating.

Indonesia president picks billionaires and Islamic leaders for advisory council

PETRONAS Chemicals Group Bhd (KL:PCHEM) announced on Friday that its chief executive officer Mazuin Ismail will retire effective Jan 1, 2027.

PETRONAS Chemicals announces CEO's retirement, Izwan Ismail to take over effective Jan 1, 2027

Glencore plc expects its commodity-trading profits to exceed US$5 billion (RM20.4 billion) this year, putting it on track for one of the best results in its history.

Glencore expects its commodity-trading profits to top US$5 bil this year

The pilots who fought in the cockpit of a FlyDubai jet during an apparent murder-suicide mission were moved to the United Arab Emirates (UAE) for further questioning while investigators seek additional information from the plane’s voice and data recorders to replay the fateful final hour of the flight.

FlyDubai pilots moved to UAE as investigators seek more clues

Eurozone inflation surged more than expected in September and is likely to increase further in the coming months on soaring energy costs, keeping pressure on the European Central Bank to raise interest rates and governments to help struggling consumers.

Eurozone inflation surges more than expected, keeping pressure on ECB to hike rates

The chief executive of Thai Airways, Chai Eamsiri, has been fired by the company's board following the flag carrier's chaotic response to the heavy floods that hit Bangkok last week, he told reporters on Friday.

Thai Airways chief says fired by board after Bangkok flood chaos

The Road Transport Department (JPJ) will suspend MyEG Sdn Bhd and Zetrix AI Bhd (KL:ZETRIX), both under the MYEG Group, as its collection agents effective 12.01am on Oct 5, 2026.

In a statement, the JPJ said the decision was made after taking into account the companies’ compliance with the terms and conditions of their agreements, as well as outstanding obligations that have yet to be fulfilled or settled.

JPJ suspends MYEG Group’s services as collection agent from Oct 5

A summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

FBM KLCI up 0.03% to 1,630.87 on Oct 2, 2026

The Putrajaya Media Club (KMP) has lodged reports with police and the Malaysian Communications and Multimedia Commission (MCMC) over a social media post that altered an image of journalists covering Tun Dr Mahathir Mohamad’s visit to his late wife’s grave.

Putrajaya Media Club lodges reports over altered image of journalists covering Mahathir

Malaysia has spent years laying the foundations for a modern industrial economy. Budget 2027 should now focus on a different challenge: lifting productivity across the economy.

Opinion: Malaysia needs greater productivity, not more programmes

<p>KUALA LUMPUR (Oct 2): Zetrix AI Bhd (KL:ZETRIX) owes the government over RM200 million as the digital services firm failed to remit the money collected from its customers, <em>The</em> <em>Straits Times</em> reported on Friday.</p>


Transport Ministry confirms to The Edge that Zetrix AI owes JPJ over RM200 mil

<p>KUALA LUMPUR (Oct 2): Country Heights Holdings Bhd (KL:CHHB) said its 80.90%-owned subsidiary Golden Horse Palace Bhd (GHPB) has been served with a winding-up petition over two outstanding Industrial Court awards.</p>


Palace of the Golden Horses operator served winding-up petition over industrial court award claim

<p>PUTRAJAYA (Oct 2): Berjaya Hills Resorts Bhd has filed leave to appeal to the Federal Court, over the Court of Appeal’s decision on July 16, which had ruled that state governments have the authority to determine quit rent rates without having to obtain approval from the National Land Council (NLC).</p>


Berjaya Hills obtains stay against Pahang govt’s land forfeiture, also lodges appeal to apex court

<p>Prime Minister Datuk Seri Anwar Ibrahim’s PKR has lost another member of Parliament after Petaling Jaya MP Lee Chean Chung announced his resignation from the seat on Friday.</p>


Lee Chean Chung resigns as Petaling Jaya MP, leaving PKR with only 27 seats

<p>KUALA LUMPUR (Oct 2): American manufacturers operating in Malaysia are reducing their reliance on Chinese inputs and turning to local suppliers as they adapt to pressure from US tariffs, according to a survey.</p>


US manufacturers in Malaysia shift to local suppliers, cut Chinese inputs amid tariffs, survey shows

<p>Zetrix AI Bhd (KL:ZETRIX) &nbsp;shares fell as low as 10 sen on Friday after it was reported that the company owes the government more than RM200 million it had collected on behalf of the Road Transport Department (popularly known as JPJ).</p>


Zetrix AI shares fall to 10 sen amid reports it owes JPJ RM200m

<p>Selling pressure on Malaysian large-cap stocks could persist over the next one to three months amid cautious global sentiment but is unlikely to trigger a sharp market correction, according to BIMB Securities.</p>


KLCI selling pressure may persist, but sharp correction unlikely — analysts

<p>（吉隆坡2日讯）据《海峡时报》周五报道，数字服务公司Zetrix AI Bhd（KL:ZETRIX）拖欠政府逾2亿令吉，原因是该公司没有上缴向客户收取的款项。</p>


交通部向The Edge证实 Zetrix AI欠JPJ超过2亿

<p>The Road Transport Department (JPJ) will suspend MyEG&nbsp;Sdn Bhd and Zetrix AI Bhd (KL:ZETRIX), both under the MYEG Group, as its collection agents effective 12.01am on Oct 5, 2026.</p>

<p>In a statement, the JPJ said the decision was made after taking into account the companies’ compliance with the terms and conditions of their agreements, as well as outstanding obligations that have yet to be fulfilled or settled.</p>


<p>BENGALURU (Oct 2): Amazon is seeking to offload about US$8 billion of advanced Nvidia&nbsp;chips to investors through a new vehicle to strengthen its balance sheet, the <em>Financial Times</em> reported on Friday, citing people familiar with the matter.</p>


Amazon seeks to offload US$8 bil of Nvidia chips to investors, FT reports

<p>Global shares rose on Friday as wild volatility in bond and currency markets eased ahead of key US jobs data that could shape expectations for the Federal Reserve's next policy move.</p>


Global shares rise as bond sell-off eases before US jobs 

<p>Tenaga Nasional Bhd’s (TNB) (KL:TENAGA) customers who use up to 800 kilowatt-hours (kWh) of electricity per month will receive a pro-rata credit for the September bill adjustment, which will be credited directly to their October 2026 electricity bills.</p>


Customers to get pro-rata credit in October 2026 bills, says TNB

<p>(Oct 2):&nbsp;A US lawmaker has called on Starbucks to close its first stores in China's Xinjiang, calling it a "morally bankrupt decision" to do business in a region where Uyghurs face repression.</p>


US congressman demands Starbucks close its first stores in China's Xinjiang

<p>Zhi Ge, the alleged leader of an international insider trading ring, lost his court challenge against a US extradition request.</p>


Singaporean insider trading suspect loses extradition fight

<p>KUALA LUMPUR (Oct 2): IOI Properties Group Bhd's (KL:IOIPG) second attempt at Shenton House is drawing less analyst concern now that the group has a clearer capital-recycling path through its Malaysian REIT and a potential Singapore REIT.</p>


IOI Properties' second bid on Shenton House draws less caution as REITs open capital-recycling route — analysts

<p>Malaysia’s top 100 technology start-ups identified by Cradle Fund Sdn Bhd collectively generated RM8.5 billion in revenue in the financial year 2024, with an average compound annual growth rate of 87% between 2021 and 2024.</p>


Top 100 start-ups generate RM8.5 bil in revenue

<p>Petroliam Nasional Bhd’s (PETRONAS) capital allocation could come under pressure if the government seeks larger dividend contributions from the state-owned oil firm to offset higher fuel subsidy costs, according to BIMB Securities.</p>


Larger PETRONAS dividend may weigh on long-term capital allocation — BIMB Securities

<p>THE government will have to find more fiscal space without slapping on new taxes under Budget 2027. High energy prices are eating into some of the savings from subsidy reforms even as Putrajaya wants to cushion households, invest for growth and continue narrowing the fiscal deficit.</p>

<div c...

Cover Story 1: Experts expect Putrajaya to sweat existing tax system 

<p>The first apartment came up for auction and nobody moved.</p>


Luxury condos seized in Singapore’s biggest money-laundering case find few buyers

<p>KUALA LUMPUR (Oct 2): Gas Malaysia Bhd (KL:GASMSIA)&nbsp;aims to make a final investment decision on plans for its first regasification terminal by the second half of next year, with the facility due to come online by the end of 2030, its chief executive said.</p>
