<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 11): Industrial construction and automated logistics company PTT Synergy Group Bhd (KL:<a href="/askedge/klse/7010" class="ce-stock" target="_blank">PTT</a>) is acquiring a 3.925-hectare parcel of freehold land in Penang for RM62.53 million in cash.</p></div>

<div class=newsTextDataWrapInner><p>Its wholly owned subsidiary PTT Logistics Hub 3 Sdn Bhd has entered into a sale and purchase agreement with an individual, Lee Mooi Khean, to acquire the land, located at Lot 1597, Mukim 12, in the district of Seberang Perai Selatan.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Friday, PTT Synergy said the land will be held as an investment property, with potential for future development in line with the group’s business expansion plans.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“By securing the land for future development and operational requirements, the proposed acquisition is expected to strengthen the company’s asset base and facilitate the continued growth and expansion of its business over the medium to long term,” it said.</p></div>

<div class=newsTextDataWrapInner><p>The acquisition will be funded through a combination of internally generated funds and bank borrowings, and is expected to be completed by the first quarter of 2027.</p></div>

<div class=newsTextDataWrapInner><p>Shares in PTT Synergy closed one sen or 0.71% lower at RM1.39 on Friday, giving the group a market capitalisation of RM663.54 million.</p></div>


Industrial construction and automated logistics company PTT Synergy Group Bhd (KL:PTT) is acquiring a 3.925-hectare parcel of freehold land in Penang for RM62.53 million in cash.

PTT Synergy buys Penang land for RM62.5 mil

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YOUR DAY AHEAD: Oct 8, 2026

No bidders turned up at an auction for a six-acre land that the Penang state government intends to sell to raise funds for the long-delayed Ayer Itam road bypass project.

Penang state land auction draws a blank, sources say

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

YOUR DAY AHEAD: Oct 8, 2026 

India’s central bank raised interest rates for the first time in nearly four years and signaled further hikes may be on the table as accelerating inflation and a weakening currency drive a policy pivot.

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Asian stocks were poised for declines, tracking moves on Wall Street as elevated oil prices continued to stoke inflation concerns. Equity-index futures for Japan, Australia and South Korea pointed to a second day of declines for a regional stock gauge

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Oil edged higher after a report that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections, and as a storm shut some US output.

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A record-breaking run in stocks hit a wall as still-elevated oil prices stoked concerns that potential inflationary pressures could trigger Federal Reserve interest-rate hikes.

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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.

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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).

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<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>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>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>


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

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


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

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


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

<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>


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

<p>Lighting solutions provider Speedy Best Holdings Bhd, which also manufactures and sells steel poles and provides smart city solutions, is planning an ACE Market listing to raise funds for capacity expansion and to further develop its proprietary platform that uses artificial intelligence for smart city management.</p>


Speedy Best plans ACE Market IPO to raise funds for capacity expansion

<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>


IT solutions provider Ancile Tech files draft prospectus for ACE Market listing to fund business expansion

<p>ACE Market-listed Aemulus Holdings Bhd (KL:AEMULUS) has secured new orders worth US$3.86 million (RM15.77 million) from an undisclosed Singapore customer for test systems used in the data centre and artificial intelligence (AI) market.</p>


Aemulus secures RM15.8m orders for data centre, AI test systems from Singapore customer

<p>The Nasdaq and the S&amp;P 500 eased from record highs on Wednesday as Treasury yields and oil prices rebounded, keeping investors cautious as they awaited the minutes of the Federal Reserve's September meeting.</p>


Nasdaq, S&P 500 slip from record highs as yields and oil rebound

<p>No bidders turned up at an auction for a six-acre land that the Penang state government intends to sell to raise funds for the long-delayed Ayer Itam road bypass project.</p>


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


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

<p>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.</p>


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

<p>Asian stocks were poised for declines, tracking moves on Wall Street as elevated oil prices continued to stoke inflation concerns.&nbsp;Equity-index futures for Japan, Australia and South Korea pointed to a second day of declines for a regional stock gauge</p>


<p>The interest rate on the most common US home loan jumped last week to its highest in almost three years, worsening affordability for buyers four weeks before elections that will decide if President Donald Trump's Republicans keep control of Congress.</p>


US 30-year mortgage rate hits highest in nearly three years

<p>Oil edged higher after a report that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections, and as a storm shut some US output.</p>


<p>Transit routes in the Strait of Hormuz deemed illegal by Iran will soon be closed, an adviser to the Revolutionary Guards' Commander told the semi-official<em> Fars News Agency </em>on Wednesday, referring to the southern pathway hugging Oman's coast.</p>


Iranian official says 'illegal Hormuz routes' to soon be blocked

<p>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.</p>
