<div class=newsTextDataWrapInner>KUALA LUMPUR (Oct 28): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday:</div>

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A summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.

FBM KLCI up 0.13% to 1,613.87 on Oct 28, 2026

The Malaysia Competition Commission is investigating 510 firms over suspected bid-rigging in tenders worth more than RM3 billion across the public and private sectors.

Malaysia Competition Commission probes 510 companies for potential bid-rigging

The government will impose e-invoicing requirements on foreign online commerce platforms as part of efforts to strengthen oversight of their operations in Malaysia.

Govt to require foreign online commerce platforms to adopt e-invoicing — minister

No work permit applications for migrant labourers have been processed from Nepal since Oct 1 as Kathmandu takes legal action against the 25 companies authorised by Putrajaya to submit the recruitment paperwork.

Nepal cracks down on Malaysian-sanctioned recruitment agents amid row over access to foreign worker system 

Modern cross-border infrastructure must be engineered to withstand simultaneous threats ranging from physical attacks to cyber intrusions and technical failures, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

RTS Link exercise proves border infrastructure must be ready to counter all threats — Saifuddin Nasution

The US Federal Reserve (Fed) will announce a decision on setting interest rates on Wednesday, with markets expecting the central bank to hold steady days ahead of crucial midterm elections, despite surging inflation.

Fed expected to hold rates steady ahead of US midterm elections

Hundreds of Indonesians gathered in central Jakarta on Wednesday to protest against economic hardship, graft and the government's handling of devastating wildfires causing toxic haze that has sickened thousands.

'Eat the rich': Indonesians protest against graft, wildfires

Danone SA sales climbed in the third quarter, driven by higher prices and persistent demand for its protein-rich yoghurts and fortified drinks for the elderly and ill.

Danone sales rise on higher prices, medical nutrition demand

Unilever raised its annual volume growth forecast on Wednesday after its beauty, personal and home care units helped it beat third-quarter sales forecasts, despite a lagging food sector and the impact of the war with Iran on costs.

Beauty and home care drive Unilever sales beat as food unit falters

The Malaysian Meteorological Department (MetMalaysia) has issued a thunderstorm warning for parts of eight states and two Federal Territories, with heavy rain and strong winds expected until 8pm on Wednesday.

Thunderstorm warning for Klang Valley, seven other states until 8pm

Billionaire Gautam Adani-controlled Adani Enterprises Ltd returned to profit in the second quarter as newer businesses including airports and data centres scaled up.

Adani flagship returns to profit as newer businesses deliver

KUALA LUMPUR (Oct 27): Police have frozen and seized accounts involving RM409.21 million in an investigation into alleged corporate mafia activities as at Sept 25, Home Minister Datuk Seri Saifuddin Nasution Ismail said. 
 
The accounts comprise 70 share-trading accounts worth approxi...

Police freeze RM409m in share-trading, bank accounts in corporate mafia probe

PUTRAJAYA (Oct 28): The transportation costs to bring Datuk Seri Najib's from prison to Putrajaya for next month's civil appeal will be borne either by the former prime minister.

Najib agrees to cover transport costs for appeal hearing in Putrajaya, court told

Eco-Shop Marketing Bhd (KL:ECOSHOP) hit a four-month low on Wednesday, after the company’s first quarter fell short of analysts' expectations.

Eco-Shop hits four-month low after 1Q miss; price revision looms

The Malaysian billionaire families behind Maxis Bhd (KL:MAXIS) and U Mobile Sdn Bhd are reviving plans to combine the companies in a deal that could create the country’s biggest wireless operator by market value, people with knowledge of the matter said.

Malaysian billionaires said to revive plan to create nation’s biggest mobile operator

Bank Negara Malaysia (BNM) has fined two subsidiaries of AMMB Holdings Bhd (KL:AMBANK) a total of RM552,000 for failing to promptly report cash transactions of RM25,000 and above, following lapses in their reporting systems.

BNM fines AmBank, AmBank Islamic RM552,000 over delayed cash transaction reports

Magma Kiara Sdn Bhd, a subsidiary of Bursa Malaysia-listed Magma Group Bhd (KL:MAGMA), has signed a memorandum of collaboration (MOC) with interior fit-out specialist Jalex Sdn Bhd at the Wolo Experience Lounge in Bukit Bintang, to explore its proposed appointment as hotel interior adviser for Wolo Hotel &amp; Residences, Mont Kiara KL, according to a press statement issued on Oct 28.&nbsp;

Magma Kiara partners Jalex for hotel interior work at RM850 mil Wolo Mont Kiara KL

Oil prices climbed more than 1% on Wednesday after an attack on a refinery in Saudi Arabia renewed concerns around supply risks from the major exporter.

Oil rises over 1% after Saudi Arabian refinery attack reignites supply risk

Berjaya Property Bhd's (KL:BPROP) unit Berjaya Construction Bhd said on Wednesday it will undertake design-and-build works for the Sanglang Port development project in Perlis.

Berjaya Construction to undertake design-and-build works for RM1.2 bil port development project in Perlis

Indonesia's President Prabowo Subianto will meet Singapore’s top diplomat on Wednesday as ties between the two Southeast Asian nations come under strain.&nbsp;

Prabowo to meet Singapore envoy on mission to ease relations

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Summary

•&nbsp;&nbsp; &nbsp;While high-profile deals continue (such as the RM132 million sale of Menara Haw Par and other land acquisitions), buyer...

Menara Haw Par deal signals renewed interest in KL’s Golden Triangle

Billionaire Gautam Adani-controlled Adani Enterprises Ltd returned to profit in the second quarter as newer businesses including airports and data centres scaled up.

AMMB Holdings Bhd (KL:AMBANK) will likely shrug off rising bond yields, and it may be time to start buying shares of the sixth-largest bank in Malaysia again, an analyst said.

AMMB on track with earnings, time to ‘buy’ again — analyst

The rapid backlash against French football star Kylian Mbappe over a perceived insult to Mao Zedong underscores how little room for error remains for celebrities and global brands seeking to tap China’s lucrative market.

Mbappe backlash shows shrinking margin for error in China

Corruption and other scandals involving government-linked companies (GLCs) are, unfortunately, not new. Neither are analyses and commentaries that follow. We are never short on prescriptions for how to prevent these scandals. The latest, of course, is the scandal that engulfed Lembaga Tabung Haji...

My Say: Corruption scandals and GLCs: When accountants have more clout than lawyers (and what lawyers can do about it)

KUALA LUMPUR (Oct 28): Bursa Malaysia Bhd (KL:BURSA) reported on Wednesday that its earnings grew nearly 10% in the third quarter from a year earlier, thanks to higher trading activities.

Bursa Malaysia grows 3Q net profit by nearly 10%, says on track with targets

A stronger-than-expected earnings report propelled Nestlé (Malaysia) Bhd (KL:NESTLE) higher on Wednesday, extending the stock's rally as analysts raised their target prices.

Nestlé Malaysia extends gain towards two-month high after 3Q beat, analysts raise target prices

Global stocks rose on Wednesday, boosted by renewed enthusiasm over artificial intelligence (AI) ahead of earnings from industry bellwethers later on, while in Europe, financial shares weighed on the broader market on a big day for results and oil rallied.

Global stocks get AI lift ahead of packed 48 hours

KUALA LUMPUR (Oct 28): The Energy Commission&nbsp;is developing a comprehensive framework and guidelines on self-generation facilities and the use of renewable energy for the data centre sector, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Fadillah: Energy Commission developing comprehensive guidelines for self-generation facilities in data centre sector

Datin Seri Rosmah Mansor will vigorously resist a Lebanese jewellery firm’s bid to enforce a High Court judgement in June which had ordered her to pay the firm RM67.5 million over 43 missing pieces of jewellery that had been sent to her in February 2018.

Rosmah to vigorously resist Lebanese firm enforcing RM67.5 mil judgement on her

Standard Chartered (StanChart) on Wednesday hiked its full-year growth and profitability targets after third-quarter income handily beat estimates, sending its shares 8% higher.