<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 16): Two Tenaga Nasional Berhad (TNB) workers were rushed to hospital after a fire broke out at &nbsp;a major electricity substation in Johor Bahru on Friday, causing power outages across large parts of the state capital.</p></div>

<div class=newsTextDataWrapInner><p>TNB said in statement that the fire broke out at 6.03pm at the Kangkar Tebrau Main Intake Substation (PMU), disrupting power to parts of the Johor Jaya area.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>"Two TNB technical personnel suffered injuries following the fire incident at the Kangkar Tebrau PMU.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"Both injured staff members are currently being rushed to a nearby hospital for further treatment," the utility provider said.</p></div>

<div class=newsTextDataWrapInner><p>TNB added that the victims' families had been contacted and support would be provided to them.</p></div>

<div class=newsTextDataWrapInner><p>The company said technical crews were at the site to contain the situation and carry out repairs.</p></div>

<div class=newsTextDataWrapInner><p>Johor Jaya is a suburb northeast of Johor Bahru, and is adjacent to several industrial and commercial areas.&nbsp;&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Unverified videos and pictures are circulating&nbsp;on social media claiming to show fire and a large plume of smoke billowing from a power station in Johor Bahru.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>At time of writing, some social media users have reported that their power supply had been restored.&nbsp;</p></div>


Two Tenaga Nasional Berhad (TNB) workers were rushed to hospital after a fire broke out at  a major electricity substation in Johor Bahru on Friday, causing power outages across large parts of the state capital.

Two TNB workers rushed to hospital after JB power substation fire  

Chinese chipmaker CXMT Corp reported a surge in preliminary profit and sales during the first nine months of the year after global demand for memory sent prices of the components soaring.

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Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

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The benchmark S&P 500 was muted on Friday as worries about cracks in the AI trade pressured semiconductor stocks, while gains in banks limited overall declines.

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


<p>Two Tenaga Nasional Berhad (TNB) workers were rushed to hospital after a fire broke out at &nbsp;a major electricity substation in Johor Bahru on Friday, causing power outages across large parts of the state capital.</p>


<p>Zetrix AI Bhd (KL:ZETRIX) faces potential sukuk payment obligations of RM2.16 billion if it fails to resolve a covenant breach by Oct 22, which could trigger a payment default.</p>


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<p>Public Bank Bhd (KL:PBBANK) could see its consolidated net assets and earnings per share reduced by four sen, following an expected HK$1.964 billion — or about RM1.1 billion — goodwill impairment at its Hong Kong-listed subsidiary, Public Financial Holdings Ltd (PFHL).</p>


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<p>Chinese chipmaker CXMT Corp reported a surge in preliminary profit and sales during the first nine months of the year after global demand for memory sent prices of the components soaring.</p>


<p>IOI Properties Group Bhd (KL:IOIPG) said its board has yet to deliberate on the potential acquisition of Singapore properties mentioned by its chief executive officer in a media report.</p>


<p>Shipping estimates for Apple Inc’s first folding phone, the iPhone Duo, slipped into December and beyond within minutes of the company opening pre-orders on Friday.</p>


<p>The benchmark S&amp;P 500 was muted on Friday as worries about cracks in the AI trade pressured semiconductor stocks, while gains in banks limited overall declines.</p>


<p>Electronics contract manufacturer Cape EMS Bhd (KL:CAPE) is collaborating with Taiwan-listed FIC Global Inc (FICG) to serve as its strategic partner in the latter’s optical transceivers manufacturing expansion in Johor.</p>


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<p>The US is on track to install record amounts of clean energy this year and next as developers race to claim expiring federal tax credits and as soaring data-centre electricity demand stimulates growth.</p>


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<p>US factory production increased in September, but lost considerable momentum in the third quarter amid headwinds from the Middle East conflict, which has snarled supply chains and raised energy prices.</p>


<p>The head of the IMF on Friday appealed to global leaders to cooperate in the face of multiple economic risks, including rapid advances in AI and a prolonged war in the Middle East, as Washington hailed what it sees as US-led economic momentum.</p>


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<p>Parti Amanah Negara (Amanah) president Datuk Seri Mohamad Sabu stated that the party has been allocated eight state legislative assembly (DUN) seats to contest in the Melaka state election (PRN).</p>


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