<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 28): Sunway Bhd (KL:<a href="/askedge/klse/5211" class="ce-stock" target="_blank">SUNWAY</a>) has secured bondholders’ approval to replace Malaysian Rating Corp Bhd (MARC) with RAM Rating Services Bhd as the credit rating agency for its sukuk programme.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Wednesday, Sunway said it had obtained the requisite approvals from bondholders of its commercial papers and medium-term notes programmes, covering the group and its subsidiaries.</p></div>

<div class=newsTextDataWrapInner><p>Following the approvals, Sunway issued notices to MARC on Wednesday to terminate its services as the credit rating agency.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Sunway announced RAM’s appointment as the new credit rating agency on Aug 28, but did not disclose the reason for the change. On Sept 8, RAM assigned the group an AA1/Stable/P1 corporate rating.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Sunway closed six sen or 1.4% higher at RM4.35 on Wednesday, valuing the conglomerate at RM29.6 billion.</p></div>


Sunway Bhd (KL:SUNWAY) has secured bondholders’ approval to replace Malaysian Rating Corp Bhd (MARC) with RAM Rating Services Bhd as the credit rating agency for its sukuk programme.

Sunway gets bondholders’ nod to replace rating agency for sukuk programme

Securities Commission Malaysia (SC) has paid a visit to Zetrix AI Bhd’s (KL:ZETRIX) headquarters in Petaling Jaya as part of an investigation involving the company, according to sources familiar with the matter.

SC visits Zetrix AI headquarters amid probe, sources say 

Titijaya Land Bhd (KL:TITIJYA) is selling its logistics hub in Bayan Lepas, Penang, to government-linked property investor Pelaburan Hartanah Bhd for RM300 million.

Titijaya selling DHL-tenanted Penang warehouse to Pelaburan Hartanah Bhd for RM300m 

The prices of non-subsidised RON95 and RON97 petrol will rise by 10 sen per litre each, while unsubsidised diesel will increase by 20 sen from Thursday (Oct 29) to Nov 4 amid higher global oil prices.

Unsubsidised fuel prices rise 10 sen, diesel up 20 sen for Oct 29-Nov 4

Reports arising from investigations by the Attorney General’s Chambers (AGC) Special Investigation Committee on Financial Crime Issues will be presented to the Cabinet for consideration and action before being made public.

Financial crime investigation reports to be presented to Cabinet before public disclosure, says AGC

The US merchandise-trade deficit widened in September to the largest since March 2025 amid an ongoing surge in imports of capital goods.

US trade gap jumps to most since March 2025 on capital goods

Jati Tinggi Group Bhd (KL:JTGROUP) on Wednesday reported a more than two-fold increase in quarterly net profit from a year earlier, driven by higher revenue from power infrastructure and underground cable projects, particularly those linked to data centres.

Jati Tinggi 3Q net profit more than doubles on stronger data centre project contributions

Kanger International Bhd's (KL:KANGER) trading suspension looms after Bursa Malaysia Securities rejected its request for more time to issue its interim audited financial statements.

Kanger trading suspension looms after Bursa rejects bid for more time to issue audited accounts

Benjamin Netanyahu won the support of an unexpectedly clear majority of Israeli Jews in an election billed as a major turning point in his nation's history, apparently ensuring he will survive as the prime minister at least in a caretaker role.

Netanyahu survives another day with unexpectedly clear backing of Israeli Jews in election

Oriental Interest Bhd (KL:OIB) has called off its proposed RM280 million acquisition of two motorcycle financing and retail businesses, as the group reported a near 36% drop in fourth-quarter net profit amid lower progress billings from its property projects.

Oriental Interest scraps motorcycle business acquisition as 4Q net profit falls 36%

Billionaire Mukesh Ambani's telecommunications-to-digital firm Reliance Jio Platforms soared 27% in its Mumbai debut on Wednesday, making it India's second-largest company by market capitalisation after a record-breaking US$3.2 billion (RM13.1 billion) initial public offering (IPO).

Ambani’s Jio reaches US$137b valuation, becoming India’s second-most valuable firm

<p>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.</p>


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

<p>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.</p>


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

<p>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.</p>


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

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


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

<p>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;</p>


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

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<p><span style="color:#c0392b;"><strong>Summary</strong></span></p>

<p>•&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

<p>States without sufficient water supply will not be allowed to host data centres, even if land is available, as Malaysia tightens its approval process for new projects, Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said.</p>


States without sufficient water supply cannot host data centres, says Johari Ghani

<p>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;</p>


Prabowo to meet Singapore envoy on mission to ease relations

<p>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.</p>


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

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


Adani flagship returns to profit as newer businesses deliver

<p>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.</p>


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

<p>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.</p>


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

<p>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.</p>


Mbappe backlash shows shrinking margin for error in China

<p>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)

<p>Benjamin Netanyahu won the support of an unexpectedly clear majority of Israeli Jews in an election billed as a major turning point in his nation's history, apparently ensuring he will survive as the prime minister at least in a caretaker role.</p>


<p>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.</p>


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

<p>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.</p>


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

<p>Mitsubishi Materials Corporation will stop processing copper and copper alloy strips in Johor as part of reorganisation efforts at the Japanese smelting firm.</p>


Mitsubishi Materials to shut down copper processing ops in Johor

<p>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.</p>


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

<p>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.</p>
