<div class=newsTextDataWrapInner><p>(Sept 28):&nbsp;Zhejiang Geely Holding Group Co&nbsp;will buy a 30% stake in rival electric carmaker Nio Inc’s battery swapping unit for 640 million yuan (US$95 million), providing support for a cash intensive technology that Nio has been spearheading.&nbsp;</p></div>

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<div class=newsTextDataWrapInner><p>Geely will also include 100% equity interest of a battery swapping subsidiary as well as 640 million yuan in cash for the stake in Nio Power. The deal values Nio Power at 16 billion yuan, according to a statement on Monday.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The partnership comes as Nio continues to look for ways to further commercialise its battery swapping business. The technology is a unique selling point for its electric vehicles where drivers can replace a depleted battery with a charged one in a few minutes, but requires heavy investment and operational costs to build and maintain swapping stations. Contemporary Amperex Technology Co&nbsp;Ltd&nbsp;invested 2.5 billion yuan into Nio Power last year in a collaboration to build out a battery swapping network across China.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Liza Shireen Koshy</em></p></div>
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(Sept 28): Zhejiang Geely Holding Group Co will buy a 30% stake in rival electric carmaker Nio Inc’s battery swapping unit for 640 million yuan (US$95 million), providing support for a cash intensive technology that Nio has been spearheading.

Geely to buy 30% stake in Rival Nio’s battery-swapping unit

IT has been a volatile year for investors on Bursa Malaysia as the benchmark index made little headway, with swings in sentiment both ways. The FBM KLCI closed at 1,679.21 points last Tuesday, almost unchanged from 2025’s end of 1,680.11.

“When capital gains are harder to come by, divid...

Higher dividends offer some relief in a volatile market

NEW DELHI/SINGAPORE (Sept 28): Brent crude oil rebounded more than 3% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz, keeping tensions in the Middle East elevated.

Oil heads higher as US-Iran peace talks in stalemate

ICT solutions provider RedPlanet Bhd is seeing stronger demand from the utilities sector and has received new enquiries from customers in the Middle East, even as geopolitical uncertainty persists in the region.

RedPlanet sees stronger utilities demand, gets new Middle East enquiries

(Sept 28): Rising fuel costs triggered by the Iran war are pushing up Heineken NV’s brewing costs in Asia, according to Asia-Pacific president Jacco van der Linden.

Rising fuel costs drive up brewing costs in Asia, Heineken says

The Chinese government has signalled it may allow companies such as Alibaba Group Holding Ltd and ByteDance Ltd to buy Nvidia Corp’s new RTX Pro 5500 chips, The Information reported, citing people familiar with the matter.

China may let Alibaba buy Nvidia’s RTX chips, Information reports

NEW DELHI (Sept 28): India should reconsider the red colour of its proposed food warning labels as it can confuse consumers who associate the colour with non-vegetarian ingredient markings, food companies in India have told the Supreme Court.

Food giants in India call for reconsidering red colour of warning labels

Police are maintaining round-the-clock security at former prime minister Datuk Seri Najib Razak’s residence in Jalan Langgak Duta.

Police maintain 24-hour security at Najib's Langgak Duta residence

THE country’s major private healthcare operators are heading into the second half of 2026 with a stronger earnings outlook, as rising patient volumes, higher bed utilisation and ongoing hospital expansions provide fresh support for growth.

Analysts expect KPJ Healthcare Bhd (KL:KPJ), IH...

Healthcare stocks enter 2H with strong earnings, but limited upside ahead

Court documents last week shed light on how Bank Pertanian Malaysia (Agrobank) suffered a loss of RM203.8 million from nearly 3,000 unauthorised transactions carried out between Oct 28 and Nov 3 last year.

The bank found, among other things, that unauthorised messages and/or instruction...

Frankly Speaking: Banks cannot afford to be penny wise on cybersecurity

A venture by Taiwan Semiconductor Manufacturing Co’s smaller affiliate Vanguard International Semiconductor Corp is considering a second chipmaking plant in Singapore to meet growing demand.

TSMC affiliate plans second Singapore chip plant in Asia push

<p>KUALA LUMPUR (Sept 28): Tun Dr Siti Hasmah Mohd Ali, wife of former prime minister Tun Dr Mahathir Mohamad, died at the National Heart Institute (IJN) at the age of 100, on Monday morning.</p>


Tun Dr Siti Hasmah passes away at 100

<p>(Sept 27):&nbsp;Malaysia’s Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said his Barisan Nasional party will leave the ruling coalition once Parliament is dissolved at the next election, the <em>New Straits Times</em> reported.&nbsp;</p>


BN says it will quit coalition at next election — NST

<p>Evocom Bhd (KL:EVOCOM) fell over 20% in its trading debut on Monday as weak market conditions weighed on the flexible staffing firm.</p>


Evocom falls over 20% in ACE Market trading debut

<p>Most debates about democracy ask whether democracy is superior to the alternatives. Supporters point to freedom, representation and legitimacy. Critics point to voter ignorance, populism, short-termism and political dysfunction. Others look at countries governed by technocrats or strong states and ask whether expertise and competence might sometimes produce better outcomes than electoral politics.</p>


Tong's Portfolio: Who governs the governors?

<p>KUALA LUMPUR (Sept 28): TSH Resources Bhd (KL:TSH) extended its decline on Monday after the plantation firm’s Indonesian subsidiary was slapped with a RM42 million administrative fine.</p>


TSH extends decline to over one-month lows after unit fined RM42 mil by Indonesia

<p>GoTo Group shares tumbled after Indonesia’s stock exchange eliminated its 50-rupiah (1.1 sen) price floor, unleashing pent-up selling pressure from investors who had been unable to exit at the mandated minimum price.</p>


GoTo shares plunge after Indonesia's stock exchange removes price floor

<p>Oil advanced and US equity futures slipped after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, while saying negotiations may resume this week.</p>


Oil up, stock futures slip as Iran offer rejected

<p>Hap Seng Consolidated Bhd (KL:HAPSENG) said it plans to sell its Singapore-listed building materials unit for about S$140 million (RM447 million) following a takeover offer.</p>


Hap Seng Consolidated to sell Singapore listed unit Hafary for S$140 mil

<p>City Developments Ltd (CDL), the property group controlled by one of Singapore’s wealthiest families, fell after it unveiled a plan to invest S$5 billion (US$3.9 billion or RM16 billion) in countries including China and Japan, largely offsetting a divestment drive.</p>


CDL shares sink in Singapore after US$3.9 bil investment plan

<p>When Japan-based Ajinomoto Co Inc proposed a selective capital repayment scheme to take Ajinomoto Malaysia Bhd (KL:AJI) private at RM20 per share, it might not have expected it to be an uphill task as it would only need to deal with 30.17 million shares.</p>

<p>But it would not have been plain...

Frankly Speaking: Ajinomoto Japan was proven right, after all

<p>NEW DELHI/SINGAPORE (Sept 28): Brent crude oil rebounded more than 3% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz, keeping tensions in the Middle East elevated.</p>


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


YOUR DAY AHEAD: Sept 28, 2026 

<p>RedPlanet Bhd has launched its initial public offering (IPO) at 19 sen per share as part of the information technology services firm’s listing transfer from the LEAP Market.</p>


RedPlanet opens applications for ACE Market IPO at 19 sen apiece

<p>PUTRAJAYA (Sept 28): Former human resources minister Datuk Seri M&nbsp;Saravanan arrived at the Malaysian Anti-Corruption Commission (MACC) headquarters here on Monday morning with his wife and two children to receive notices requiring them to declare their assets under Section 36 of the MACC Act 2009.</p>


Saravanan, family arrive at MACC to receive asset declaration notices

<p>Gamuda Bhd (KL:GAMUDA) said on Monday it secured an A$790 million (RM2.28 billion) engineering, procurement and construction (EPC) contract in Australia to develop the first stage of the Mortlake Energy Hub.</p>


Gamuda bags RM2.3b Australian renewable energy hub contract

<p>The government has accorded Tun Dr Siti Hasmah Mohamad Ali a state funeral following her death at the National Heart Institute (IJN) on Monday morning.</p>


Tun Dr Siti Hasmah to be accorded state funeral, says Anwar

<p>WASHINGTON/CHICAGO (Sept 27): US President Donald Trump confirmed that he plans to have a dinner meeting with Anthropic CEO Dario Amodei on Sunday night, but reaffirmed his stance against slowing the pace of AI development.</p>


Trump confirms meeting with Anthropic's Amodei, repeats dismissal of AI fears

<p>The US and China detailed a plan to cut tariffs on about US$30 billion (RM122.54 billion) of imports from each country, as the superpower rivals take steps to steady ties following a summit between leaders Donald Trump and Xi Jinping.</p>


US, China release product lists for US$30 bil tariff deal

<p>Share markets were mostly lower on Monday as oil prices popped higher again amid doubts the US and Iran will reach a truce anytime soon, keeping bonds under pressure ahead of a week packed with economic news.</p>


Stocks slip in Asia as oil and yields climb

<p>Those rejoicing over the Ministry of Education’s recent announcement that the requirement for private education institutions, including tuition centres, to maintain at least 30% bumiputera equity ownership will be dropped should perhaps hold off on their celebrations for now.</p>

<p>The announ...