<div class=newsTextDataWrapInner>SINGAPORE (Oct 23): Singapore Exchange (SGX) should begin planning ahead for the “eventual transition” for the role of CEO, said CEO Loh Boon Chye at the group’s annual general meeting (AGM) on Friday.</div>

<div class=newsTextDataWrapInner>“We are doing so from a position of strength — with a clear strategy, strong momentum and a highly capable leadership team. This gives us the opportunity to plan thoughtfully and with confidence for the future,” he added.</div>

<div class=newsTextDataWrapInner>Loh, who was appointed as SGX’s CEO on July 14, 2015, noted that his current contract runs until the middle of July 2027, which leaves the group with “ample time” to<a href="https://www.theedgesingapore.com/news/company-news/sgx-should-begin-planning-ahead-eventual-transition-ceo-role-sgxs-loh-boon-chye" target="_blank">...(click on link for full story theedgesingapore.com)&nbsp;</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Oct 23): Singapore Exchange (SGX) should begin planning ahead for the “eventual transition” for the role of CEO, said CEO Loh Boon Chye at the group’s annual general meeting (AGM) on Friday.

SGX should begin planning ahead for ‘eventual transition’ in CEO role, says Loh Boon Chye

Indonesian authorities seized 1.16 tons 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.

Indonesian authorities, including the police and the customs office, apprehended the tanker in the waters of Tanjung Balai off the province earlier this week, Seto said.

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

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.

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

President Donald Trump said on Thursday that Canadian jet maker Bombardier was investing US$270 million in the United States, days after he dropped threats to ban the company from the country.

Trump's September threats against Bombardier became a political issue in Kansas, where it employs 1,500 people in Wichita. The threatened ban prompted calls to the White House from Kansas lawmakers, including Republican Senator Roger Marshall, who is facing a tough race in the November 3 elections.

Trump says Bombardier to invest US$270 million in the US

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.

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

BENGALURU (Oct 23): Rolls-Royce is nearing a deal for British government subsidies of up to £200 million (US$267.9 million) to help fund the development of a new engine for short-haul aircraft, with an announcement possible as early as next week, the Financial Times reported on Friday.

Rolls-Royce nears government subsidy deal to develop new engine in UK, FT reports

IN Budget 2027, Prime Minister Datuk Seri Anwar Ibrahim announced a RM30 million allocation for the Malaysia Digital Economy Corporation (MDEC) to help 4,000 micro, small and medium enterprises (MSMEs) adopt artificial intelligence (AI), and to train and certify 5,000 AI professionals. Separately, nearly RM15 million will go to AI Malaysia Bhd to strengthen a safe and ethical AI ecosystem, supporting a target of 200,000 skilled AI workers.

Opinion: From AI ambition to business results: Making Budget 2027 count

A former company director, Datuk Seri Liew Kok Leong, has been charged with criminal breach of trust (CBT) of over RM5.5 million funds belonging to a private limited entity, in addition to money laundering.

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

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.

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

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

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

The Trump administration is seeking to restrict American investment in Chinese biotechnology companies, potentially complicating financial ties at a time when US drugmakers are increasingly turning to China for new medicines.

US proposes curbs on investment in Chinese biotech firms

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.

Abang Johari expected to announce Sarawak assembly dissolution this afternoon

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.

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

Asian shares fell on Friday as concerns over the enormous funding needs of artificial intelligence (AI) hammered tech and led to the biggest daily rally in Treasuries in more than three years, with investors fleeing to sovereign bonds and safe-haven currencies.

Asian shares wobble as tech rout boosts bonds, dents rate hike bets

A former company director, Datuk Seri Liew Kok Leong, has been charged with criminal breach of trust (CBT) of over RM5.5 million funds belonging to a private limited entity, in addition to money laundering.

The Trump administration is seeking to restrict American investment in Chinese biotechnology companies, potentially complicating financial ties at a time when US drugmakers are increasingly turning to China for new medicines.

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

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

(Oct 23): Oil prices were little changed in early Asian trade on Friday, after rising 4% to a five-month high in the previous session due to concern of further energy supply disruption after Houthi attacks on top exporter Saudi Arabia.

Oil little changed as supply concern lingers amid Houthi attacks on Saudi Arabia

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.

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.

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

(Oct 23):&nbsp;Wall Street shunned stocks as a technology rout and Middle East risks drove investors to the safety of bonds, reducing bets on another Federal Reserve rate hike in 2026.

Stocks fall as AI jitters ease bets on Fed hikes

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

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

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

KUALA LUMPUR (Oct 23): Petroliam Nasional Bhd’s (PETRONAS) wholly owned subsidiary&nbsp;Petronas&nbsp;CCS Ventures Sdn&nbsp;Bhd&nbsp;(PCCSV), TotalEnergies EP CCS Malaysia and Mitsui &amp; Co&nbsp;Ltd&nbsp;have signed a joint-venture agreement (JVA) to develop the CO2 storage areas offshore Peninsular Malaysia, a key component of Malaysia's Southern Carbon Capture and Storage (CCS) Hub.

PETRONAS, TotalEnergies and Mitsui ink deal for carbon storage areas in southern hub

BENGALURU (Oct 23): 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 Federal Reserve policy meet.

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

KUALA LUMPUR (Oct 22): The remaining net financial burden borne by the government in relation to 1Malaysia Development Bhd (1MDB) is estimated at RM20.1 billion, assuming no further recovery of funds or assets in the future.

MOF: Govt’s net financial burden related to 1MDB estimated at RM20.1 bil

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.

The proposed construction of the Madani Highway connecting Seremban-Kuala Pilah-Bahau is not currently in the Works Ministry’s (KKR) plans, according to the ministry.

Proposed Seremban-Kuala Pilah-Bahau highway not being planned — Works Ministry

SYDNEY/SAN FRANCISCO/BENGALURU (Oct 23): Sales of Apple's&nbsp;first folding phone, the iPhone Duo, began on Friday, with market watchers betting on whether the device can reinvent the small foldables market just like the iPhone did for smartphones.

Apple launches into foldable market as iPhone Duo sales begin

YILAN/TAIPEI, Taiwan (Oct 23): Almost all of Taiwan shut down on Friday ahead of the arrival of Typhoon Champi, which is forecast to bring strong winds and torrential rain, though the storm is weakening and is not expected to make direct landfall on the island.