<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 23): Yinson Holdings Bhd (KL:<a href="/askedge/klse/7293" class="ce-stock" target="_blank">YINSON</a>) said its joint venture with PetroVietnam Technical Services Corp (PTSC) has achieved first oil at Vietnam’s Lac Da Vang field ahead of schedule.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with the bourse, the energy infrastructure firm said its newly built, dual-fuel-powered floating storage and offloading vessel, FSO PTSC LDV, achieved first oil at the field in Block 15-1/05 offshore Vietnam on Sept 27, 2026, ahead of its original fourth-quarter target.</p></div>

<div class=newsTextDataWrapInner><p>The milestone followed the vessel’s provisional acceptance on Sept 20, marking the start of its firm charter period.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The vessel is chartered to Murphy Cuu Long Bac Oil Co Ltd, a wholly-owned subsidiary of US-based Murphy Oil Corp, under a 10-year contract, with options to extend for up to another five years.</p></div>

<div class=newsTextDataWrapInner><p>Yinson said production at the field is expected to increase through 2028 as more production wells come online.</p></div>

<div class=newsTextDataWrapInner><p>The group operates 11 floating production, storage and offloading vessels across 12 countries, with an order book of about US$19 billion (RM82.1 billion) extending through 2050.</p></div>

<div class=newsTextDataWrapInner><p>Yinson shares closed one sen, or 0.47%, lower at RM2.10 on Friday, giving the group a market capitalisation of RM6.8 billion.&nbsp;</p></div>


Yinson Holdings Bhd (KL:YINSON) said its joint venture with PetroVietnam Technical Services Corp (PTSC) has achieved first oil at Vietnam’s Lac Da Vang field ahead of schedule.

In a filing with the bourse, the energy infrastructure firm said its newly built, dual-fuel-powered floating storage and offloading vessel, FSO PTSC LDV, achieved first oil at the field in Block 15-1/05 offshore Vietnam on Sept 27, 2026, ahead of its original fourth-quarter target.

Yinson, Vietnam partner achieve first oil ahead of schedule

Zetrix AI Bhd’s (KL:ZETRIX) managing director Wong Thean Soon’s stake has fallen to insignificant levels of 1.84% currently from almost 30% a few weeks earlier, as a result of force selling by financial institutions he had pledged his shares to.

Zetrix AI — From hero to zero

Datuk Seri Ab Rauf Yusoh will remain Melaka Chief Minister should Barisan Nasional (BN) and its strategic partners win the state election next month, said Datuk Seri Dr Ahmad Zahid Hamidi.

Ab Rauf to remain Melaka CM if BN wins state polls — Ahmad Zahid

Prime Minister Datuk Seri Anwar Ibrahim has urged the country's industrial sector to be more dynamic and creative in responding to rapid changes in the global economy, particularly through the mastery of new technologies, research and development (R&D), and innovation.

Anwar urges industry to embrace technology, innovation to stay competitive

Malaysia's success will depend on its ability to elevate many small and medium enterprises (SMEs) into key industry players and help them penetrate international markets, said Prime Minister Datuk Seri Anwar Ibrahim.

Elevating SMEs to be global players key to Malaysia’s success — Anwar

The tech-heavy Nasdaq edged higher on Friday, helped by signs of stabilisation in some tech stocks, while telecom shares tumbled on concerns that SpaceX's entry in the sector could heighten competition and threaten their market share.

Nasdaq ticks up as tech stocks steady; SpaceX worries hit telecoms

A NYSE options exchange has suspended trading, causing other exchanges to disregard quotes from the venue.

NYSE options exchange trading halted by ‘technical issue’

US consumer sentiment edged down to a five-month low in October as high prices and rising interest rates depressed morale.

US consumer sentiment slips to five-month low on inflation

Former Atlan Holdings Bhd (KL:ATLAN) CEO Datuk Lee Kok Khee has become a substantial shareholder in AWC Bhd (KL:AWC) through a share purchase by Mastrack Sdn Bhd, a company he owns.

Former Atlan CEO Lee Kok Khee emerges as substantial shareholder in AWC

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

Zetrix AI, Astro, Maxis, CelcomDigi, Yinson, Malakoff, Solarvest, YTL Hospitality REIT, Hong Leong Capital, Redtone Digital, Affin Bank & Comfort Gloves

Global data centre spending is expected to hit US$1 trillion (RM4.1 trillion) in 2026 and more than double to US$2.1 trillion by 2028, BofA Global Research estimated in a note on Friday, driven by growing demand for and development of AI services.

Data centre spending to more than double to US$2.1 tril by 2028

<p>Zetrix AI Bhd (KL:ZETRIX) has offered 788.83 million employee share options at a 28% discount to its Friday closing price, with recipients able to exercise them immediately, as the group faces cash flow pressures and a sukuk covenant breach.&nbsp;</p>


Zetrix AI offers 789 mil share options at 28% discount amid cash flow, sukuk pressures

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


<p>Former Atlan Holdings Bhd (KL:ATLAN) CEO Datuk Lee Kok Khee has become a substantial shareholder in AWC Bhd (KL:AWC) through a share purchase by Mastrack Sdn Bhd, a company he owns.</p>


<p>China should offer more support to families to stabilise the number of new births, the cabinet said, as policymakers seek to address the country's population decline and record-low birth rate.</p>

<p>The government should refine policies including those related to marriage, childbirth, child-rearing and education, and optimise taxation, social security and housing to build a "fertility-friendly society", the State Council, or cabinet, said at a meeting on Friday, according to a readout aired by state television.</p>


China aims to stabilise number of new births with policy support

<p>Malaysian navigation app TuJu has apologised to users for recent technical disruptions and expects to restore stable navigation services within two weeks.</p>


TuJu apologises for losing its way, targets recovery within two weeks

<p>VietJet Aviation JSC faces seizure of ticket revenues and aircraft after a UK court appointed receivers to help recover more than US$250 million (RM816 million) owed to a London-based buyout fund — effectively hobbling the carrier’s operations outside of Vietnam.</p>


VietJet faces aircraft, cash seizures in FitzWalter debt fight

<p>The tech-heavy Nasdaq edged higher on Friday, helped by signs of stabilisation in some tech stocks, while telecom shares tumbled on concerns that SpaceX's entry in the sector could heighten competition and threaten their market share.</p>


<p>Malaysia's success will depend on its ability to elevate many small and medium enterprises (SMEs) into key industry players and help them penetrate international markets, said Prime Minister Datuk Seri Anwar Ibrahim.&nbsp;</p>


<p>Wall Street's main indexes were set to open lower on Friday as caution prevailed after a sharp selloff in AI-linked stocks, while telecom stocks tumbled on fears that intensified competition from SpaceX could erode their market share.</p>


Wall St set to open lower after AI-led selloff; SpaceX worries hit telecoms

<p>Global data centre spending is expected to hit US$1 trillion (RM4.1 trillion) in 2026 and more than double to US$2.1 trillion by 2028, BofA Global Research estimated in a note on Friday, driven by growing demand for and development of AI services.</p>


<p>American Express Co is cutting 5% of its headcount globally as chief executive officer Steve Squeri seeks to keep a lid on the company’s rising costs.</p>


Amex to slash 5% of headcount as CEO seeks to reduce expenses

<p>Recently, I spoke with the parent of a four-year-old child who made a striking prediction: “By the time my child is ready for university, universities might no longer exist.”</p>


Opinion: If AI can teach everything, what are universities for?

<p>HONG KONG, New York (Oct 23):&nbsp;Global hedge funds were hit by a fresh tech reckoning this week, with major strategies posting their worst ​day since the COVID-era market rout.</p>

<p>A renewed selloff in big tech stocks, driven by ‌growing skepticism over the massive AI buildout spending, ...

Hedge fund returns worsen this week as tech selloff deepens

<p>Zetrix AI Bhd’s (KL:ZETRIX) managing director Wong Thean Soon’s stake has fallen to insignificant levels of 1.84% currently from almost 30% a few weeks earlier, as a result of force selling by financial institutions he had pledged his shares to.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim has urged the country's industrial sector to be more dynamic and creative in responding to rapid changes in the global economy, particularly through the mastery of new technologies, research and development (R&amp;D), and innovation.</p>


<p>LONDON (Oct 22):&nbsp;Barclays&nbsp;said it is cutting ​around 5,000 jobs or 5% of its workforce this year, as it uses technology such as AI to slash ‌fixed costs and improve returns.</p>

<p>The job cuts were revealed as Barclays reported third-quarter profit of £2.3 billion ($3.08 billion), u...

Barclays to slash 5,000 jobs in AI-powered cost-cutting drive

<p>Datuk Seri Ab Rauf Yusoh will remain Melaka Chief Minister should Barisan Nasional (BN) and its strategic partners win the state election next month, said Datuk Seri Dr Ahmad Zahid Hamidi.</p>


<p>A NYSE options exchange has suspended trading, causing other exchanges to disregard quotes from the venue.&nbsp;</p>


<p>Chinese fast-fashion giant Shein has agreed to pay US$100 million (RM408.4 million) to settle an investigation by the US Federal Trade Commission over delivery delays and other customer complaints, a source with direct knowledge told <i>Reuters</i> on Friday.</p>


Fast-fashion group Shein agrees to pay US$100m to settle US FTC probe

<p>US consumer sentiment edged down to a five-month low in October as high prices and rising interest rates depressed morale.</p>
