<div class=newsTextDataWrapInner><p>BEIJING (Oct 22): Foreign investment flows into China fell 4.3% year-on-year to 548.8 billion yuan (US$82.2 billion) in the first three quarters, while outbound non-financial direct investment totalled US$101 billion, China's commerce ministry said on Thursday.</p></div>

<div class=newsTextDataWrapInner><p>The decline in foreign investment narrowed from the 5.3% drop in the first eight months, according to ministry data.</p></div>

<div class=newsTextDataWrapInner><p>China faced headwinds in attracting foreign capital, including worsening geopolitical conflicts, weak growth momentum and a rise in protectionist and unilateral measures, a vice commerce minister said in a press briefing.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>One bright spot was high-tech industries, where foreign investment surged 33.8% in the January-to-September period, the vice minister said, led by research, development and design services.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Lam Seng Fatt</em></p></div>


Foreign investment flows into China fell 4.3% year-on-year to 548.8 billion yuan (US$82.2 billion) in the first three quarters, while outbound non-financial direct investment totalled US$101 billion, China's commerce ministry said on Thursday.

Foreign investment flows into China fall 4.3% y-o-y in first three quarters

Malakoff Corp Bhd (KL:MALAKOF) has awarded a RM34.39 million contract for transmission and interconnection works at its waste-to-energy (WTE) facility in Sungai Udang, Melaka, to a subsidiary of its major shareholder.

Malakoff awards RM34mil contract to MMC Corp’s engineering arm 

Axel Springer SE is cutting roles at Telegraph Media Group Ltd (TMG), just months after the German company took control of the British newspaper publisher on the promise of fresh investment.

Axel Springer to cut Telegraph jobs after buying UK newspaper

A green haven in Subang Jaya

Datuk Seri Robin Tan Yeong Ching has been appointed executive deputy chairman of Redtone Digital Bhd (KL:REDTONE).

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The Malaysian Communications and Multimedia Commission (MCMC) is investigating Facebook's failure to detect or block a livestream of an attack on a teacher in Kuching, said Communications Minister Datuk Seri Fahmi Fadzil.

MCMC probes social Facebook's failure to block livestream of teacher attack - Fahmi

JSW Steel Ltd’s fiscal second-quarter (2Q) profit more than tripled beating expectations, as India’s infrastructure buildout drove prices higher.

JSW Steel’s 2Q profit more than triples on higher prices

UK-based insurer Prudential Plc has emerged as a substantial shareholder in Solarvest Holdings Bhd (KL:SLVEST), with a 5.25% stake in the clean energy and solar photovoltaic specialist.

UK-based insurer Prudential Plc emerges as substantial shareholder in Solarvest with 5.25% stake

Developers of a new US-backed undersea data cable linking Malaysia, Vietnam, Singapore and Thailand will this month select a cable supplier between Japan's NEC and France's Alcatel Submarine Networks, a project executive told Reuters.

New US-backed Southeast Asia data cable to pick NEC or Alcatel as supplier, developer says

CelcomDigi Bhd’s (KL:CDB) wholly-owned subsidiary, CelcomDigi Telecommunications Sdn Bhd, has lodged a proposed Islamic medium-term notes (sukuk) programme of up to RM10 billion in nominal value with the Securities Commission Malaysia (SC).

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Parti Bersama Malaysia (Bersama) leader Datuk Seri Rafizi Ramli has instructed his lawyers to file a defamation suit against Human Resources Minister Datuk Seri R Ramanan over remarks made at a press conference on Thursday.

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<p>A former company director, Datuk Seri Liew Kok Leong, has been charged with criminal breach of trust (CBT) of&nbsp;RM5.5 million funds belonging to a private limited entity. In addition, Liew was&nbsp;charged for&nbsp;money laundering.</p>


Former director charged with CBT for misappropriating RM5.5 mil of company funds

<p>Datuk Muhamad Umar Swift, the former head of Malaysia’s stock exchange, will join Hong Leong Investment Bank Bhd as its managing director and chief executive officer.</p>


Ex-Bursa chief Umar Swift to lead Hong Leong Investment Bank

<p>Johor's booming data centre industry could consume more than 90% of the additional electricity generated in Peninsular Malaysia in the next five years, raising concerns over power supply and grid infrastructure constraints, according to a report by BMI, a Fitch Solutions company.</p>


Johor data centres could consume over 90% of peninsula's additional power generation by 2031 — BMI

<p>The government does not rule out the possibility of completely banning the use of the Waze navigation application in Malaysia, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


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<p>Sarawak Premier Tan Sri Abang Johari Tun Openg is expected to announce the dissolution of the Sarawak State Legislative Assembly on Friday afternoon, paving the way for a state election.</p>


Abang Johari expected to announce Sarawak assembly dissolution this afternoon

<p>Foodie Media Bhd (KL:FOODIE) rose on Friday to extend a rebound from all-time lows thanks to a set of stronger-than-expected results at the social media content company.</p>


Foodie Media extends rebound from all-time lows after results beat

<p>Pengurusan Aset Air Bhd plans to set up a new sukuk programme worth RM11.64 billion to support its capital expenditure requirements over the next decade.</p>


Malaysia’s state-owned water assets firm lines up RM11.64 bil sukuk

<p>PETRONAS has signed a joint-venture agreement with French energy giant TotalEnergies and Japanese trading firm Mitsui to develop carbon storage areas offshore Peninsular Malaysia.</p>


PETRONAS, TotalEnergies, Mitsui sign JV deal for carbon storage area

<p>Comfort Gloves Bhd (KL:COMFORT) said on Friday it has reached a settlement with the Inland Revenue Board, ending a court battle that lasted over two years.</p>


Comfort Gloves reaches settlement with Inland Revenue Board over tax bill

<p>Property developer KEB Bhd has priced its shares at 35 sen apiece for its ACE Market listing.</p>


Real estate developer KEB aims to raise nearly RM80 mil from ACE Market IPO

<p>Indonesian authorities seized 1.16 tonnes of ketamine on a Mongolian-flagged vessel from Malaysia in the waters of North Sumatra province earlier this week, the country's national police chief Suyudi Ario Seto said on Friday.</p>


Indonesia seizes 1.16 tonnes of ketamine on Mongolian-flagged vessel from Malaysia, police chief says

<p>The Sarawak assembly will be dissolved next Monday to enable the state election to be called, said Premier Tan Sri Abang Johari Tun Openg.</p>


Sarawak assembly to dissolve next Monday, paving way for state polls 

<p>Bestari Food Bhd has received approval from the securities regulator for its proposed listing on the Main Market of Bursa Malaysia.</p>


Bestari Food gets regulator’s nod, shariah status for Main Market listing

<p>Mi Technovation Bhd (KL:MI) will report “stellar” third-quarter results following robust guidance from its soon-to-be-listed semiconductor material unit, its most bullish analyst said.</p>


Mi Technovation’s most bullish analyst predicts ‘stellar’ 3Q

<p>Gold eased on Friday, headed for its steepest weekly decline in over four months as elevated oil prices bolstered higher-for-longer interest rate expectations, while investors awaited next week's US Federal Reserve (Fed) policy meeting.</p>


Gold heads for steep weekly loss as oil prices fuel Fed rate concerns

<p>Malaysia Aviation Group (MAG) and Citibank Bhd (Citi) have announced a US$75 million (RM306&nbsp;million) structured trade finance facility to improve working capital management, enhance liquidity and strengthen supply chain resilience to&nbsp;support MAG’s operational requirements across Asia.</p>


Malaysia Aviation Group, Citi announce US$75m trade finance facility to strengthen supply chain

<p>The 2% Employees Provident Fund (EPF) contribution rate payable by employers for non-Malaysian workers is relatively low, the Finance Ministry (MOF) said.</p>


MOF: 2% EPF contribution rate for foreign workers relatively low

<p>There’s no end in sight for the sell-off in China’s artificial intelligence (AI) model developer stocks, with competition growing ever more heated and the threat of rival listings next year.</p>


China's US$150 bil AI model stock slump shows no sign of easing

<p>Affin Bank Bhd (KL:AFFIN) on Friday named industry veteran Doreen Choo Choy Wan as the head of its asset management arm, effective immediately.</p>
