<div class=newsTextDataWrapInner><p>TOKYO (Oct 13): Five Malaysian nationals have been arrested at Tokyo's Haneda Airport on suspicion of attempting to smuggle around five kilogrammes of cocaine from Malaysia, with an estimated street value of 120 million yen (US$758,000), concealed beneath the insoles of their shoes, <em>Kyodo News</em> reported.</p></div>

<div class=newsTextDataWrapInner><p>Police suspect the five may have been recruited as drug couriers, as questioning revealed that they were facing financial difficulties and had communicated with an unknown individual through a messaging app offering a high degree of anonymity.</p></div>

<div class=newsTextDataWrapInner><p>Four of the suspects have admitted to the allegations, while one has denied them, according to police. All five were arrested on Saturday.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Customs inspectors initially discovered bags of cocaine concealed beneath the insoles of two suspects' shoes, with each shoe containing 500 grammes of the drug.</p></div>

<div class=newsTextDataWrapInner><p>Statements from the two suspects subsequently raised suspicions that they had been travelling with others, leading police to locate three more suspects at the airport with cocaine concealed in their shoes in the same manner.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Liza Shireen Koshy</em></p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


TOKYO (Oct 13): Five Malaysian nationals have been arrested at Tokyo's Haneda Airport on suspicion of attempting to smuggle around five kilogrammes of cocaine from Malaysia, with an estimated street value of 120 million yen (US$758,000), concealed beneath the insoles of their shoes, Kyodo News reported.

Five Malaysians arrested in Japan over alleged cocaine smuggling

Genting Bhd (KL:GENTING) CEO Datuk Seri Tan Kong Han bought 400,000 shares in the group on Monday, when its stock fell to a near two-decade low.

Genting CEO buys shares as stock hits near two-decade low

Investment in the space economy is on track to exceed US$100 billion (RM408.7 billion) for the first time ever in a given year in 2026, fuelled by SpaceX’s blockbuster initial public offering, defence spending and space infrastructure.

Space investment to top US$100 bil in 2026 after SpaceX IPO

The Royal Malaysian Police (PDRM) have opened an investigation paper regarding allegations of a failure to remit government revenue collections amounting to RM230.9 million, involving electronic service provider companies My EG Sdn Bhd (MyEG) and Zetrix AI Bhd (KL:ZETRIX).

Police say six witnesses questioned in probe into MyEG, Zetrix AI

Malaysia’s generous spending on subsidies and support for households and businesses will continue to drag on the pace of fiscal consolidation, said Fitch Ratings.

Malaysia’s budget largesse limits extent of fiscal tightening, says Fitch

Jati Tinggi Group Bhd (KL:JTGROUP) said that there has been no material change to its operations or projects, after its share price plunged by almost a third in intraday trade before recovering at market close.

Jati Tinggi says no changes in operations, cites tech counter volatility for stock plunge   

Seputeh MP Teresa Kok has urged the government to suspend registration and any earthworks for the Bandar Madani Bukit Jalil housing project pending the completion of planning studies.

Seputeh MP urges halt to Bandar Madani Bukit Jalil registration pending planning reviews

ICT solutions provider RedPlanet Bhd (KL:RPLANET), which is set to transfer its listing to ACE Market from the LEAP Market on Oct 22, reported that its share allocation to the Malaysian public under its initial public offering (IPO) has been oversubscribed by 85.28 times.

ACE Market-bound RedPlanet’s IPO shares oversubscribed by 85.28 times

Hong Kong’s securities watchdog is investigating a suspected case of rigging an initial public offering (IPO) to create a false impression of demand.

Hong Kong investigates IPO rigging, suspends Baicha stock

First deployment of the ENAD artificial intelligence endoscopy system across KPJ’s nationwide hospital network adds real-time lesion detection and polyp assessment to colonoscopy in Johor Bahru

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Jio Platforms Ltd has drawn more than US$20 billion (RM81.74 billion) in bids for what could be India’s biggest-ever initial public offering, according to people familiar with the matter.

Jio Platforms said to draw more than US$20 bil in bids for IPO in India

<p>KUALA LUMPUR (Oct 13): His Majesty Sultan Ibrahim Sultan Iskandar, King of Malaysia, bought a stake in miner Southern Alliance Mining Ltd for S$6.1 million (US$4.8 million), according to a statement on Tuesday.</p>


Sultan Ibrahim acquires 2.25% in Southern Alliance Mining in S$6.1 mil off-market deal

<p>A cloud of haze has descended across Southeast Asia over the past few months as a brutal El Niño helps incinerate forest and scrub in Indonesia. Obscuring responsibility for the fires stems from a much deeper and more impenetrable legal pall.</p>


Opinion: Singapore can fix Southeast Asia’s haze, if it wants to

<p>KUALA LUMPUR (Oct 13): Genting Bhd (KL:GENTING) may need to sell non-core assets, particularly unused land, to reduce its debt burden and avoid further credit-rating downgrades, according to CreditSights.</p>


Genting may need to sell non-core assets to avert a credit-rating downgrade — CreditSights

<p>The Malaysian Anti-Corruption Commission (MACC), which received a complaint on MyEG Sdn Bhd and its parent company Zetrix AI Bhd (KL:ZETRIX) last week, said investigations into the two companies are currently being handled by the police.</p>


MACC says police investigating MyEG and Zetrix AI, will act if corruption suspected

<p>Electrical engineering firm Jati Tinggi Group Bhd (KL:JTGROUP) fell sharply on Tuesday, having more than doubled its value since the year began.</p>


Jati Tinggi flirts with limit-down as shares down 29%

<p>CXMT Corp declared it achieved a breakthrough in chip technology that rivals like Samsung Electronics Co had pursued for years, an unsubstantiated claim that jolted stocks and reflects China’s aggressive push into a critical sphere.</p>


China’s CXMT claims memory advances ahead of Samsung, Hynix

<p>Data centre operator DayOne Data Centres Ltd has secured an additional RM15 billion in financing from a consortium of seven banks to fund the expansion of its data centre facilities in Johor, bringing its total financing arrangements to RM30 billion.</p>


DayOne secures additional RM15b financing for Johor data centre expansion

<p>KUALA LUMPUR (Oct 13): Perikatan Nasional (PN) will continue to be grounded following a court decision on Tuesday, though the coalition has been allowed to challenge the suspension.</p>


High Court keeps Perikatan Nasional suspended for now

<p>MALAYSIA Aviation Group Bhd (MAG) is weighing the future of its low-cost arm FlyFirefly Sdn Bhd (Firefly) as persistent technical problems, an ageing fleet and weak financial performance raise questions over whether the airline can remain viable in its current form.</p>

<p>Firefly currently op...

Making Firefly worth flying

<p>PUTRAJAYA (Oct 13): My Digital ID Sdn Bhd&nbsp;clarified&nbsp;that its digital identity platform is not powered by any third-party blockchain technology as recently published in a media article.&nbsp;</p>


MyDigital ID says not powered by third-party blockchain technology

<p>Investors from countries including the US, China and India are interested in a new port project in southern Peru ​estimated to cost around US$844 million (RM3.4 billion), officials said on ‌Monday.</p>


US, Chinese and Indian firms show interest in Peru's US$844m port project

<p>The government is considering requiring data centre operators to generate their own electricity as part of a review of the sector’s energy and water consumption, Deputy Energy Transition and Water Transformation Minister Datuk Seri Abdul Rahman Mohamad said.</p>


Deputy minister proposes data centre operators generate their own power as govt reviews energy, water use

<p>It was a Wednesday evening in late September and analysts covering New World Development Co were getting antsy. The cash-strapped Hong Kong developer was late to report its earnings and executives had not shown up to a scheduled briefing.</p>


Hong Kong lifeline buys Cheng family time to save New World

<p>Putra Heights is about 45km, or a 40-minute drive, from the Sepang International Circuit (SIC). On the day of the Formula One (F1) Bahrain Grand Prix, which ended around 6.20pm last Sunday, my son and daughter got home seven hours later, at 1.30am.</p>

<p>For many local and overseas fans, it w...

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<p>A global slide in semiconductor stocks deepened, sending South Korea’s chip-heavy equity benchmark down more than 7% at one point, as concerns about AI overheating and Chinese competition intensified.</p>


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<p>KUALA LUMPUR (Oct 13): Refugees who entered Malaysia after January 2023 will not be eligible for consideration under the Refugee Registration Document (DPP) programme, to prevent it from becoming a pull factor for new arrivals, said Home Minister Datuk Seri Saifuddin Nasution Ismail.</p>

<p>He...

Refugees who entered Malaysia after January 2023 not eligible for Refugee Registration Document, says minister

<p>A sell-off in Singapore bank shares driven by fears of earnings downgrades is threatening one of Asia’s best-performing major stock benchmarks this year, putting the city-state’s safe haven status to the test.</p>


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<p>KUALA LUMPUR (Oct 13): S P Setia Bhd (KL:SPSETIA) expressed support for the measures announced in Budget 2027, highlighting key initiatives aimed at home ownership, green investments and construction industry resilience</p>


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<p>BANGKOK/WASHINGTON (Oct 13): The International Monetary Fund (IMF) warned on Tuesday against "complacency" in global financial markets, citing risks from an artificial intelligence-driven selloff, rising government bond yields, or cyberattacks as potential threats facing still-resilient markets.</p>


IMF cites AI slowdown, spiking yields as looming global market risks

<h2>Notable filings</h2>

<p>Filings of note at Bursa Malaysia-listed companies for the period between Sept 21 and 25 included that at <strong>Pavilion Real Estate Investment Trust</strong> (KL:PAVREIT), in which pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) ceased to be a substantia...