<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 29): Taghill Holdings Bhd (KL:<a href="/askedge/klse/0241" class="ce-stock" target="_blank">TAGHILL</a>) has secured a RM166 million contract to undertake the main building works for a commercial development in Penang.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia on Thursday, the construction group said the contract was awarded by Exsim Waterfront Sdn Bhd and comprises two towers in George Town with a total of 493 serviced apartment units.</p></div>

<div class=newsTextDataWrapInner><p>The 24-month contract is scheduled to commence on Jan 18, 2027.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Taghill said the contract is expected to contribute positively to the group’s earnings and net assets from the financial year ending Nov 30, 2027 (FY2027) and the rest of the project’s duration.</p></div>

<div class=newsTextDataWrapInner><p>As at end-August 2026, the group had an outstanding order book of about RM1.75 billion, which is expected to support its construction activities over the next 18 to 24 months.</p></div>

<div class=newsTextDataWrapInner><p>For the three months ended Aug 31, 2026, Taghill’s net profit rose to RM3.29 million from RM1.59 million a year earlier, while revenue fell to RM123.35 million from RM210.18 million.</p></div>

<div class=newsTextDataWrapInner><p>For the 15-month period of FY2026, the group logged RM4.4 million net profit on the back of RM891.62 million revenue.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Taghill closed unchanged at seven sen on Thursday, valuing the group at RM108.93 million.</p></div>


Taghill Holdings Bhd (KL:TAGHILL) has secured a RM166 million contract to undertake the main building works for a commercial development in Penang.

Taghill bags RM166 mil construction job in Penang

(Oct 30): Bangladesh is poised to sign deals to buy more US liquefied natural gas (LNG) as the Trump administration pushes to expand energy exports, says the American ambassador to the country.

Bangladesh in talks to buy more American gas, says US ambassador

SAO PAULO (Oct 29): Brazilian miner Vale on Thursday booked a 20% slump in third-quarter core profit, battered by lower iron ore prices and elevated fuel and freight costs.

Vale third-quarter profit tumbles, iron ore output misses forecasts

ROCK HILL, South Carolina (Oct 29): US President Donald Trump's administration filed a revised lawsuit on Thursday seeking to block Alaska's election results if Republican incumbent Dan Sullivan narrowly loses and, according to a person familiar with the matter, issued more than 40 subpoenas and document requests in its probe.

Trump administration bolsters bid to block Alaska Senate certification

(Oct 29): Microsoft is planning to raise about US$25 billion through its first US investment-grade bond sale in more than nine years, two sources familiar with the matter told Reuters on Thursday.

Microsoft expects to raise US$25 bil in US bond sale — Reuters

Nvidia Corp chief executive officer Jensen Huang said the chipmaker’s dealings with Megaspeed International were “normal and not unusual” following a New York Times report that one of the Singapore firm’s executives is under investigation for spying on behalf of China.

Nvidia CEO says ties to Singapore company under spying probe were ‘normal’

MEXICO CITY/BENGALURU (Oct 29): Binance, the world's largest cryptocurrency exchange, said on Thursday that it had frozen US$3 billion in crypto assets as it investigated a potential security breach, with stablecoin issuers Circle and Tether freezing related assets.

Binance's possible hack triggers US$3 bil freeze in crypto assets

KUALA LUMPUR (Oct 30): Zetrix AI Bhd (KL:ZETRIX) audit committee and board members have resigned on Thursday (Oct 29), citing personal commitments.

Datuk Othman Semail and Mohaini Mohd Yusof resigned as members of the audit committee effective Thursday. 

Othman and Mohain...

Zetrix audit committee, board members resign

Indonesia is set for more consistent rain next month, providing relief from wildfires that have spewed toxic smoke across Singapore and Malaysia, though widespread downpours are still weeks away.

Indonesia rain set to ease toxic haze in Singapore, Malaysia

MEXICO CITY (Oct 29): Nvidia is in talks to offer AI cloud provider Nscale billions of dollars in credit guarantees to support debt funding for a data centre earmarked for Anthropic, The Information reported on Thursday, citing people with knowledge of the talks.

Nvidia in talks to give credit support for Nscale's deal with Anthropic, The Information reports

TOKYO (Oct 30): Annual core inflation in Japan's capital well exceeded the central bank's 2% target in October, data showed on Friday, highlighting mounting price pressure and cementing the case for further interest rate hikes.

Tokyo core inflation exceeds BOJ target in October

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


Big Caring, Zetrix AI, Heitech Padu, SD Guthrie, YTL Power, Mega Fortris, GIIB, JF Technology, TSH Resources, BAT Malaysia, Mi Technovation, Axis REIT, Chin Teck Plantations, Taghill &SLGC 

<p>KUALA LUMPUR (Oct 30): Zetrix AI Bhd (KL:ZETRIX) audit committee and board members have resigned on Thursday (Oct 29), citing personal commitments.</p>

<p>Datuk Othman Semail and Mohaini Mohd Yusof resigned as members of the audit committee effective Thursday.&nbsp;</p>

<p>Othman and Mohain...

<p>Mi Technovation Bhd (KL:MI) posted record earnings in the third quarter ended Sept 30, 2026 (3QFY2026), driven by higher sales volume, improved average selling prices and optimised product mix.</p>


Mi Technovation 3Q profit surges 85% on strong semiconductor demand

<p>(Oct 29):&nbsp;Intel shares plunged 21% on Thursday after ​the chipmaker said a deadly explosion at its Israel factory would erase roughly $600 million in revenue over two quarters, while a faltering PC market could ‌dent sales through the first half of next year.</p>

<p>A below-estimates fore...

Intel shares drop 21% on Israel factory blast, PC weakness

<p>A selloff in several tech companies spurred a rotation into a broader category of stocks while fueling a push toward the safety of bonds.</p>


Asia stocks under pressure, haven bid boosts bonds

<p>Oil rose on signs the US may resume military strikes against Iran, risking fresh turbulence in the region that may hurt energy flows.</p>


Oil climbs on signs US may resume military strikes against Iran

<p>(Oct 29): Cash flow is king again.</p>

<p>Wall Street rewarded Microsoft and Oracle on Wednesday for showing that they could ​fund their enormous AI ambitions without endlessly tapping investors.</p>

<p>Alphabet, by contrast, was punished for burning through cash, while Google Search's slow...

Cash is king as investors draw new battle lines in AI spending boom

<p>Taghill Holdings Bhd (KL:TAGHILL) has secured a RM166 million contract to undertake the main building works for a commercial development in Penang.</p>


<p>Cuscapi Bhd (KL:CUSCAPI) saw boardroom changes on Thursday, including the resignation of businessman Datuk Jayakumar Panneer Selvam.</p>


Cuscapi sees boardroom changes as businessman Jayakumar resigns

<p>Parti Pribumi Bersatu Malaysia (Bersatu) announced eight candidates who will contest in the 16th Melaka state election on Nov 14.</p>


Melaka polls: Bersatu announces candidates for eight seats

<p>Prime Minister Datuk Seri Anwar Ibrahim has called on Malaysia’s mid-tier listed companies to expand and become regional champions, saying too many promising businesses remain small for too long.</p>


Anwar urges mid-tier listed firms to grow into regional champions

<p>(Oct 29): Amazon.com&nbsp;on Thursday reported a massive cash burn in the third quarter, sending shares sharply lower, while it signaled higher capital expenditures next year atop an already ​huge amount in 2026.</p>

<p>Amazon's cloud computing cash cow, Amazon Web Services, continued to accel...

Amazon sinks as AI spending eclipses fastest cloud growth in five years

<p>Perikatan Nasional (PN) has postponed announcing its candidate for one remaining state seat allocated to the coalition under an understanding with Barisan Nasional (BN) for the 16th Melaka state election.</p>


Perikatan delays announcement of one Melaka state seat candidate

<p>Perikatan Nasional (PN) has announced five candidates for the 16th Melaka state election next month.&nbsp;</p>


Perikatan names five candidates for Melaka polls

<p>MEXICO CITY/BENGALURU (Oct 29): Binance, the world's largest cryptocurrency exchange, said on Thursday that it had frozen US$3 billion in crypto assets as it investigated a potential security breach, with stablecoin issuers Circle&nbsp;and Tether freezing related assets.</p>


<p>Indonesia is set for more consistent rain next month, providing relief from wildfires that have spewed toxic smoke across Singapore and Malaysia, though widespread downpours are still weeks away.</p>


<p>US inflation accelerated in September as consumers paid more for gasoline and other goods, supporting economists' expectations of an interest rate increase from the Federal Reserve in December.</p>


US inflation heats up in September; consumer spending rises

<p>Here's a heads up on what to look out for today.</p>


YOUR DAY AHEAD: Oct 30, 2026 

<p>LONDON (Oct 29):&nbsp;Much of today’s massive AI build-out is being financed with instruments that do not trade. So, the question for investors now is not only whether AI will pay off, but also how they will know if it is starting to ​come off the rails.</p>

<p>While hyperscalers like Meta Pla...

Private credit’s huge AI footprint obscures growing risks

<p>(Oct 29): Wall Street's top alternative asset managers are betting on the AI boom by owning the infrastructure behind it and locking ​in rent through long-term leases.</p>

<p>With concerns growing that debt-laden neocloud companies at the heart of the AI infrastructure boom could default and ‌...