<div class=newsTextDataWrapInner><p data-qa-component="item-headline" data-rc-highlight="headline">BANGKOK (Oct 27): Thailand's cabinet on Tuesday approved a 50 billion baht (US$1.48 billion) rooftop solar programme, a finance ministry official said, part of the government's energy transition policy.</p></div>

<div class=newsTextDataWrapInner><p>The government will help one million households install rooftop solar panels within a year to shield citizens from soaring energy prices driven by the Iran war, the energy minister said last month.</p></div>

<div class=newsTextDataWrapInner><p>The cabinet also approved a cut in biofuel taxes, which would help farmers, Lavaron Sangsnit, the finance ministry's permanent secretary said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It approved the investment of more than 20 billion baht in smart grid development, allowing the public to sell surplus solar power to the government, Lavaron added.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Liza Shireen Koshy</em></p></div>


BANGKOK (Oct 27): Thailand's cabinet on Tuesday approved a 50 billion baht (US$1.48 billion) rooftop solar programme, a finance ministry official said, part of the government's energy transition policy.

Thai cabinet approves US$1.5 bil rooftop solar scheme

General Motors (GM) said on Tuesday it would transfer the listing of its common stock to Nasdaq from the New York Stock Exchange, joining a growing number of companies looking to align themselves with the tech-heavy exchange.

GM moves to Nasdaq as first legacy automaker on the exchange

Israelis surged to the polls at the fastest rate in nearly half a century on Tuesday to pass wartime judgment on Prime Minister Benjamin Netanyahu, in what voters described as the most consequential election in the nation's history.

Fastest turnout for half a century as Israelis pass wartime judgment on Netanyahu

Boeing posted a bigger third-quarter loss than expected on Tuesday, as supply-chain challenges and production delays in its commercial airplane division overshadowed bigger margins across the rest of the company.

Boeing jetliner production challenges weigh on 3Q results

Intel Corp agreed to buy Israeli start-up Classiq Technologies Ltd as part of a push to capitalise on quantum computing, a still-nascent field that is seeking commercial applications.

Intel said to buy quantum start-up Classiq for about US$2.3 bil

Meta Platforms Inc's Instagram is pushing deeper into video with new products to help it compete more aggressively with TikTok and Google’s YouTube, and lay the foundation for its big swing in television.

Instagram ramps up video strategy in escalating TikTok, YouTube rivalry

US orders for durable goods rose in September by the most in five months, on stronger bookings for aircraft and other business equipment, adding to evidence of momentum in manufacturing.

US orders for durable goods increase by most in five months

Jakarta and Singapore plan to set up a task force to hold businesses to account for involvement in Indonesian wildfires that have caused a regional haze crisis, the countries' foreign ministers said after meeting on Tuesday.

Indonesian, Singapore foreign ministers meet amid spat over haze, gas

Japanese electric motor maker Nidec said on Tuesday it had decided to sue founder Shigenobu Nagamori and eight other former executives for damages over suspected accounting irregularities that have put its stock market listing at risk.

Nidec to sue former executives over accounting issues

Kylian Mbappe apologised on Tuesday after the Real Madrid star was dropped by major Chinese brands for apparently joking about Mao Zedong in a video that has gone viral.

Mbappe apologises for Mao Zedong comment after Chinese sponsors drop him

Global stocks rose and oil prices slipped on Tuesday as investors weighed efforts to end the Middle East conflict ahead of US Big Tech earnings, seen as a key test of artificial intelligence (AI) trade, and central bank meetings that could shape the near-term outlook for interest rates.

Global stocks rise, oil slips on Middle East diplomacy efforts ahead of Big Tech earnings

<p>The government is pursuing legal action, including a civil suit, against Zetrix AI Bhd (KL:ZETRIX) over its failure to remit RM314 million in revenue collected on behalf of the Road Transport Department (JPJ).</p>


Govt to sue Zetrix AI over RM314m JPJ arrears

<p>The Employees Provident Fund (EPF) must help more Malaysians achieve retirement adequacy by adapting to changing employment patterns while continuing to deliver sustainable returns, said Finance Minister II Datuk Seri Amir Hamzah Azizan.</p>


EPF must help more Malaysians achieve retirement adequacy, says Amir Hamzah

<p>The prosecution on Tuesday concluded its case against Bagan Member of Parliament and DAP adviser Lim Guan Eng in the Penang undersea tunnel graft trial at the Sessions Court here.</p>


Prosecution phase of Guan Eng’s Penang undersea tunnel graft trial ends

<p>CIMB Group Holdings Bhd’s (KL:CIMB) planned sale of its business in the Philippines has drawn interest from local rivals including Bank of the Philippine Islands and Metropolitan Bank &amp; Trust Co, according to people with knowledge of the matter.</p>


CIMB attracts BPI, Metrobank for Philippine unit sale — Bloomberg

<p>Kylian Mbappe apologised on Tuesday after the Real Madrid star was dropped by major Chinese brands for apparently joking about Mao Zedong in a video that has gone viral.</p>


<p>Malaysia's technology stocks outperformed on Tuesday, catching the buzz over artificial intelligence (AI) firm Anthropic, which has officially filed for its listing.</p>


Malaysia's tech stocks rally amid Anthropic listing buzz, ViTrox extends gain

<h2>Notable filings</h2>

<p>From Oct 5 to 9, notable filings at Bursa Malaysia-listed companies included those at <strong>Salutica Bhd </strong>(KL:SALUTE), in which Singapore-based Fortune Innovative VCC Sub-Fund GEMS High Yield Investment Fund ceased to be a substantial shareholder after dispos...

Insider Moves: Salutica Bhd, Tambun Indah Land Bhd, Lee Swee Kiat Group Bhd, Solarvest Holdings Bhd, Excel Force MSC Bhd, Zetrix AI Bhd

<p>Nestlé (Malaysia) Bhd (KL:NESTLE) reported a 73% jump in net profit for the third quarter, thanks mainly to stronger sales and lower input costs.</p>


Nestlé Malaysia reports 73% jump in 3Q earnings, raises dividend to 80 sen per share

<p>The Court of Appeal has dismissed an appeal by Datuk Seri Stanley Thai to intervene in the winding-up proceedings against property unit Sunimax Development Sdn Bhd (SDSB).&nbsp;</p>


Appellate court dismisses Stanley Thai’s bid to intervene in RM37m Sunimax Development winding-up

<p>Public Bank Bhd's (KL:PBBANK) investment holding unit LPI Capital Bhd (KL:LPI) saw its net profit drop 15.7% in the third quarter, weighed down by lower investment returns and net fair value losses.</p>


LPI Capital 3Q net profit down almost 16% on lower investment returns

<p>KUALA LUMPUR (Oct 27): The government is considering a proposed Government-Owned Entities Bill to tighten governance of government-linked companies (GLCs) and related agencies, while preventing misappropriation such as that which occurred in 1Malaysia Development Berhad (1MDB), Felda and Tabung Haji.</p>


PM: Proposed Government-Owned Entities Bill to tighten governance, prevent misappropriation

<p>The government has yet to decide whether to provide financial support to financially-distressed AirAsia Group Bhd (KL:AAGB), Transport Minister Anthony Loke Siew Fook said.</p>


Loke: Govt yet to decide on financial support for AirAsia

<p>The nexus between business and politics in Corporate Malaysia has always produced a number of casualties. Whenever there was a change in the alignment of power in the government, businessmen who were seen to have been close to the ousted politicians were often punished.</p>

<p>On that score, P...

Alternative Views: What happens after the corporate mafia probe is crucial

<h3><span style="color:#d35400;">Banks</span></h3>

<p><strong>NOMURA RESEARCH (OCT 13):</strong> We are turning increasingly bullish on Malaysian banks as the recent bond yield spike-driven derating appears overdone, in our view. Our positive stance is based on three key reasons: 1) we think conc...

Brokers Digest: Local Equities - Banks, MN Holdings Bhd, IJM Corp Bhd, Deleum Bhd

<p>KUALA LUMPUR (Oct 27): Impact Capital Holdings Bhd, a Sarawakian technology firm, has launched its ACE Market listing that will raise RM27.6 million for the company and its shareholders.</p>


Sarawak tech firm Impact Capital launches ACE Market IPO at 22 sen per share

<p>Nearly two months after Yinson Holdings Bhd’s (KL:YINSON) largest shareholder, the Lim family (27.7%), and MISC Bhd (KL:MISC) confirmed preliminary talks with another shareholder Employees Provident Fund (17.09%) to take the floating production, storage and offloading (FPSO) company private, a firm intention has yet to be announced.</p>


Frankly Speaking: Yinson privatisation sees longer runway

<p>SINGAPORE (Oct 27): Singaporean state gas buyer GasCo has launched its first procurement exercise to secure term supplies of liquefied natural gas, said Gan Siow Huang, the country's minister of state for energy, trade and industry.</p>


Singapore launches first LNG term supply tender, weighs third import terminal

<p>GDB Holdings Bhd (KL:GDB) rose on Tuesday to the highest in over four months after the builder bagged its biggest housing contract to date while Apex Securities raised its outlook.</p>


GDB shares rise to four-month high after record contract win, Apex raises target price

<p>Barisan Nasional (BN) chairman&nbsp;Datuk Seri Dr Ahmad Zahid Hamidi said MCA will contest the Melaka state election, polling for which is on Nov 14.</p>


MCA to contest Melaka state election, says Zahid

<p>The government has approved a requirement for data centres to use at least 30% renewable energy, Deputy Prime Minister Datuk Seri Fadillah Yusof said on Tuesday.</p>
