<div class=newsTextDataWrapInner><p data-qa-component="item-headline" data-rc-highlight="headline">DUESSELDORF, Germany (Oct 9): BASF&nbsp;could make a higher offer for Evonik&nbsp;if there are talks with the specialty chemicals maker, sources close to BASF told <em>Reuters</em> on Friday.</p></div>

<div class=newsTextDataWrapInner><p>"It is safe to assume that the current offer is not the final word," one of the sources said.</p></div>

<div class=newsTextDataWrapInner><p>BASF welcomed that the board of Evonik's largest shareholder, the RAG foundation, was considering the offer, the sources said, adding that a committee of BASF's supervisory board will convene on Friday to discuss Evonik.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>BASF declined to comment.</p></div>

<div class=newsTextDataWrapInner><p>Evonik said in September that it had received a non-binding approach from BASF regarding a voluntary public takeover offer for all its shares, but added that no talks were currently taking place.</p></div>

<div class=newsTextDataWrapInner><p>Sources close to the negotiations later said Evonik had rejected the offer, valued at €22.15 per Evonik share, as too low.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Liza Shireen Koshy</em></p></div>


DUESSELDORF, Germany (Oct 9): BASF could make a higher offer for Evonik if there are talks with the specialty chemicals maker, sources close to BASF told Reuters on Friday.

BASF could make higher offer for Evonik — Reuters

Pantech Group Holdings Bhd (KL:PANTECH) on Wednesday reported a 33.1% rise in second-quarter net profit on stronger contributions from its manufacturing division.

Pantech 2Q net profit rises 33% on stronger manufacturing performance

PT Bank CIMB Niaga Tbk, the 91.45%-owned Indonesian subsidiary of CIMB Group Holdings Bhd (KL:CIMB), reported a 14.7% year-on-year decline in net profit for the nine months ended Sept 30, 2026 (9MFY2026), weighed down by narrower lending margins and higher provisions for potential loan losses.

CIMB Niaga's nine-month profit falls 15% on margin pressure, higher provisions

Mercedes-Benz Group AG is preparing a broader overhaul of its China strategy after the luxury-car market deteriorated more sharply than expected, insisting it has no plans to retreat from what remains the world’s largest auto market.

Mercedes readies major China overhaul as slump deepens

Steelmaker Ann Joo Resources Bhd (KL:ANNJOO) has secured a RM61.89 million subcontract to undertake electrical infrastructure works at a large-scale solar power plant in northern Peninsular Malaysia.

Ann Joo secures RM62 mil subcontract for solar power project

At least 30 people have died in a collision between two high-speed trains south of Madrid, according to a spokesperson for the regional government of Castilla-La Mancha.

More than 30 people killed in Spanish train crash south of Madrid

The Malaysian billionaire families behind Maxis Bhd (KL:MAXIS) and U Mobile Sdn Bhd are reviving plans to combine the companies in a deal that could create the country’s biggest wireless operator by market value, people with knowledge of the matter said.

Malaysian billionaires said to revive plan to create nation’s biggest mobile operator

Malaysia has reaffirmed its commitment to strengthening defence ties with the US, both bilaterally and through Asean-led mechanisms, while highlighting the importance of preserving Asean’s unity and centrality in maintaining regional peace and stability.

Malaysia reaffirms commitment to strengthen defence ties with US

Benjamin Netanyahu won the support of an unexpectedly clear majority of Israeli Jews in an election billed as a major turning point in his nation's history, apparently ensuring he will survive as the prime minister at least in a caretaker role.

Netanyahu survives another day with unexpectedly clear backing of Israeli Jews in election

Opcom Holdings Bhd, now known as Hextar capital Bhd (KL:HEXTAR), co-founder Eric Chhoa Kwang Hua is seeking to list fibre-optic cable protection materials manufacturer Unigel Global Bhd on Bursa Malaysia’s ACE Market to fund its Malaysian expansion.

Opcom co-founder Eric Chhoa’s Unigel Global seeks ACE Market listing to fund Malaysian expansion

The IPO of Mi Material, which raised a total of S$294 million (RM935 million) at S$1.80 each, was 2.1 times subscribed.

IPO of Mi Technovation's Singapore unit 2.2 times subscribed

<p>PUTRAJAYA (Oct 28): The transportation costs to bring Datuk Seri Najib's from prison to Putrajaya for next month's civil appeal will be borne either by the former prime minister.</p>


Najib agrees to cover transport costs for appeal hearing in Putrajaya, court told

<p>Bank Negara Malaysia (BNM) has fined two subsidiaries of AMMB Holdings Bhd (KL:AMBANK) a total of RM552,000 for failing to promptly report cash transactions of RM25,000 and above, following lapses in their reporting systems.</p>


BNM fines AmBank, AmBank Islamic RM552,000 over delayed cash transaction reports

<p>The Malaysian billionaire families behind Maxis Bhd (KL:MAXIS) and U Mobile Sdn Bhd are reviving plans to combine the companies in a deal that could create the country’s biggest wireless operator by market value, people with knowledge of the matter said.</p>


<p>Eco-Shop Marketing Bhd (KL:ECOSHOP) hit a four-month low on Wednesday, after the company’s first quarter fell short of analysts' expectations.</p>


Eco-Shop hits four-month low after 1Q miss; price revision looms

<p>Magma Kiara Sdn Bhd, a subsidiary of Bursa Malaysia-listed Magma Group Bhd (KL:MAGMA), has signed a memorandum of collaboration (MOC) with interior fit-out specialist Jalex Sdn Bhd at the Wolo Experience Lounge in Bukit Bintang, to explore its proposed appointment as hotel interior adviser for Wolo Hotel &amp; Residences, Mont Kiara KL, according to a press statement issued on Oct 28.&nbsp;</p>


Magma Kiara partners Jalex for hotel interior work at RM850 mil Wolo Mont Kiara KL

<p>Indonesia's President Prabowo Subianto will meet Singapore’s top diplomat on Wednesday as ties between the two Southeast Asian nations come under strain.&nbsp;</p>


Prabowo to meet Singapore envoy on mission to ease relations

<p>Berjaya Property Bhd's (KL:BPROP) unit Berjaya Construction Bhd said on Wednesday it will undertake design-and-build works for the Sanglang Port development project in Perlis.</p>


Berjaya Construction to undertake design-and-build works for RM1.2 bil port development project in Perlis

<div class="content-side-bar-box" style="background-color: lightblue; color: black;">
<p><span style="color:#c0392b;"><strong>Summary</strong></span></p>

<p>•&nbsp;&nbsp; &nbsp;While high-profile deals continue (such as the RM132 million sale of Menara Haw Par and other land acquisitions), buyer...

Menara Haw Par deal signals renewed interest in KL’s Golden Triangle

<p>Billionaire Gautam Adani-controlled Adani Enterprises Ltd returned to profit in the second quarter as newer businesses including airports and data centres scaled up.</p>


Adani flagship returns to profit as newer businesses deliver

<p>The rapid backlash against French football star Kylian Mbappe over a perceived insult to Mao Zedong underscores how little room for error remains for celebrities and global brands seeking to tap China’s lucrative market.</p>


Mbappe backlash shows shrinking margin for error in China

<p>AMMB Holdings Bhd (KL:AMBANK) will likely shrug off rising bond yields, and it may be time to start buying shares of the sixth-largest bank in Malaysia again, an analyst said.</p>


AMMB on track with earnings, time to ‘buy’ again — analyst

<p>Corruption and other scandals involving government-linked companies (GLCs) are, unfortunately, not new. Neither are analyses and commentaries that follow. We are never short on prescriptions for how to prevent these scandals. The latest, of course, is the scandal that engulfed Lembaga Tabung Haji...

My Say: Corruption scandals and GLCs: When accountants have more clout than lawyers (and what lawyers can do about it)

<p>A stronger-than-expected earnings report propelled Nestlé (Malaysia) Bhd (KL:NESTLE) higher on Wednesday, extending the stock's rally as analysts raised their target prices.</p>


Nestlé Malaysia extends gain towards two-month high after 3Q beat, analysts raise target prices

<p>KUALA LUMPUR (Oct 28): Bursa Malaysia Bhd (KL:BURSA) reported on Wednesday that its earnings grew nearly 10% in the third quarter from a year earlier, thanks to higher trading activities.</p>


Bursa Malaysia grows 3Q net profit by nearly 10%, says on track with targets

<p>Datin Seri Rosmah Mansor will vigorously resist a Lebanese jewellery firm’s bid to enforce a High Court judgement in June which had ordered her to pay the firm RM67.5 million over 43 missing pieces of jewellery that had been sent to her in February 2018.</p>


Rosmah to vigorously resist Lebanese firm enforcing RM67.5 mil judgement on her

<p>KUALA LUMPUR (Oct 28): The Energy Commission&nbsp;is developing a comprehensive framework and guidelines on self-generation facilities and the use of renewable energy for the data centre sector, said Deputy Prime Minister Datuk Seri Fadillah Yusof.</p>


Fadillah: Energy Commission developing comprehensive guidelines for self-generation facilities in data centre sector

<p>States without sufficient water supply will not be allowed to host data centres, even if land is available, as Malaysia tightens its approval process for new projects, Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said.</p>


States without sufficient water supply cannot host data centres, says Johari Ghani

<p>Standard Chartered (StanChart) on Wednesday hiked its full-year growth and profitability targets after third-quarter income handily beat estimates, sending its shares 8% higher.</p>


StanChart shares soar after it hikes full-year targets and trounces profit estimates

<p>SEOUL (Oct 28): South Korean chipmaker SK Hynix said on Wednesday that it would return about US$75 billion to shareholders this year, after reporting a more than seven-fold jump in quarterly profit as AI infrastructure demand continues to drive up memory chip prices.</p>


SK Hynix unveils US$75 bil shareholder return plan after posting record profit

<p>Malaysian advanced materials company and deep-tech unicorn&nbsp;Vertex Material plans to list on the US Nasdaq stock exchange in the second or third quarter of next year, targeting&nbsp;to raise funds of US$300 million (RM1.22 billion) to US$400 million, said its chief executive officer Chris Lai.</p>
