<div class=newsTextDataWrapInner><p>GEORGE TOWN (Nov 4): The Penang government has no specific plans to develop state-owned land on Pulau Jerejak, although several private developers have submitted proposals for mixed development projects on the island, the state assembly was told.</p></div>

<div class=newsTextDataWrapInner><p>Chief Minister Chow Kon Yeow said the proposals included mixed developments, infrastructure and recreational facilities.</p></div>

<div class=newsTextDataWrapInner><p>“A temporary occupation licence (TOL) for a 0.82-hectare site to build a bridge linking Persiaran Bayan Indah, near Queensbay, to Pulau Jerejak was approved in 2023 and renewed annually until 2026.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p data-pm-slice="1 1 []">“The annual TOL fee is RM12,300,” he said in reply to Joshua Woo Sze Zeng (Pakatan Harapan-Pulau Tikus) during question time on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p data-pm-slice="1 1 []">Chow said any development proposals would depend on planning approval, land matters and compliance with technical and legal requirements set by the relevant authorities.</p></div>

<div class=newsTextDataWrapInner><p data-pm-slice="1 1 []">A report earlier said a 1km bridge linking Pulau Jerejak to mainland Penang, costing RM500 million, was expected to begin construction this year.</p></div>

<div class=newsTextDataWrapInner><p>About 85% of Pulau Jerejak is gazetted as a forest reserve and cannot be developed.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Tham Yek Lee</em></p></div>


The Penang government has no specific plans to develop state-owned land on Pulau Jerejak, although several private developers have submitted proposals for mixed development projects on the island, the state assembly was told.

No plans yet to develop Pulau Jerejak, says Penang CM

Indonesia’s former national police chief Listyo Sigit Prabowo and two other top police officials were arrested Tuesday for allegedly illegally wiretapping President Prabowo Subianto and numerous others in government and civil society, prompting a pledge for a broad review of surveillance powers.

Indonesia arrests ex-police chief for alleged wiretap of Prabowo

Democrats captured majorities in both the Senate and House on Tuesday, scoring sweeping victories that reached deep into Republican strongholds as tens of millions of voters delivered a scathing rebuke to US President Donald Trump.

US Democrats capture Congress in sweeping setback for Trump

US stock futures slumped, Treasuries rallied and the dollar softened on Wednesday as Democrats notched early Senate wins, raising the prospect of a blue sweep in the US midterm elections in a major setback to President Donald Trump and Republicans.

Stocks wilt, dollar slides as early US midterm results point to blue sweep

South Korean and Taiwanese stocks tumbled on Wednesday as early US midterm election results pointed to strong Democratic gains, stoking worries that stricter oversight of data-centre projects could weigh on artificial intelligence (AI) investment.

AI-linked stocks slide in Asia as early US election results favour Democrats

Mapletree Investments Pte Ltd, a real estate firm owned by Singapore state investor Temasek Holdings Pte Ltd, has picked banks for an initial public offering of parts of the company in the city state that could raise at least S$1 billion (RM3.18 billion), according to people familiar with the matter.

Temasek’s Mapletree said to pick banks for Singapore IPO

KUALA LUMPUR (Nov 4): Yes Group Management Bhd is accepting applications for its shares at 18 sen per share for the travel agency’s listing on the ACE Market.

Travel agency Yes Group launches ACE Market IPO at 18 sen per share

The group of six Negeri Sembilan deposed Undangs and chieftains will have to answer the committal proceedings at the Seremban High Court.

Negeri Sembilan’s deposed Undangs, chieftains fail to stop committal proceedings

The government will ensure that the development of data centres will not affect electricity supply to existing industries which form the backbone of Malaysia’s national economy, said Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani.

Govt to ensure existing industries not affected by power supply to data centres, says Johari Ghani

Deputy Prime Minister Datuk Seri Fadillah Yusof has called for timely decisions, coordinated planning and the ability to deliver infrastructure on the electricity system before constraints begin to hold back the country’s growth.

Planning vital to prevent electricity system constraints, says Fadillah

KUALA LUMPUR (Nov 4): The implementation of the global minimum tax is changing the factors influencing multinational companies’ (MNCs) investment decisions, with the availability of skilled talent becoming increasingly important, said the Malaysian Investment Development Authority (Mida).

Tengku Zafrul: Talent key factor in attracting investments under global minimum tax 

<p>Tan Sri Muhammad Shafee Abdullah, the lead defence counsel for imprisoned Datuk Seri Najib Razak, said that he has no knowledge of rumours that the former prime minister is expected to pay the RM50 million fine on Wednesday, which would pave the way for Najib to start serving his house arrest.</p>


Shafee says no knowledge Najib to pay RM50m fine today

<p>Local independent palm oil millers could face a hard time selling their crude palm oil (CPO) over the next two months as refineries move to halt deliveries amid record-high inventories, according to industry sources.</p>


Supply glut could soon squeeze independent palm oil millers and smallholders — sources

<p>SINGAPORE (Nov 4): UOB announced net profit of S$1.25 billion for the 3QFY2026 ended Sept 30, down 15% quarter-on-quarter and 10% below the Street’s forecast of S$1.376 billion as other non-interest income (non-II) fell by 41% q-o-q to S$370 million.&nbsp;</p>


UOB's 3Q net profit 10% below expectations due to 41% decline in non-interest income

<p>Several major roads and areas in Selangor were affected by flash floods following continuous heavy rain since early Wednesday, with a bridge along Jalan Kubu Gajah spanning Sungai Subang in the Petaling district collapsing.</p>


Flash floods affect several Selangor roads, bridge collapses

<p>The ECM Libra Foundation and CVSKL Foundation have teamed up to provide affordable health screenings for serving and former journalists struggling to afford medical care.</p>


ECM Libra, CVSKL foundations team up to provide RM1m in health screenings for senior journalists

<p>US stock futures slumped, Treasuries rallied and the dollar softened on Wednesday as Democrats notched early Senate wins, raising the prospect of a blue sweep in the US midterm elections in a major setback to President Donald Trump and Republicans.</p>


<p>Sime Darby Property Bhd (KL:SIMEPROP) is laying the groundwork for its future growth, as it explores two primary avenues for expansion, including a potential&nbsp;real estate investment trust (REIT)&nbsp;listing by 2028, according to Maybank Investment Bank.</p>


Sime Darby Property mulls REIT listing by 2028, to bank on heavy industrial parks, says Maybank IB

<p>The group of six Negeri Sembilan deposed Undangs and chieftains will have to answer the committal proceedings at the Seremban High Court.</p>


<p>Democrats captured majorities in both the Senate and House on Tuesday, scoring sweeping victories that reached deep into Republican strongholds as tens of millions of voters delivered a scathing rebuke to US President Donald Trump.</p>


<p>Non-bank financial institutions (NBFIs) do not fall under the regulatory framework of the Securities Commission Malaysia (SC), the Ministry of Finance (MOF) said.</p>


LTAT, EPF, KWAP, Socso and Amanah Raya not under SC regulatory framework — MOF

<p>(Nov 4):&nbsp;Advanced Micro Devices Inc, a key challenger to Nvidia Corp&nbsp;in artificial intelligence chips, gave a revenue forecast that exceeded analysts’ estimates, showing that demand for data centre processors remains strong.</p>


AMD forecast exceeds estimates after AI chip demand soars

<p>KUALA LUMPUR (Nov 4): Yes Group Management Bhd is accepting applications for its shares at 18 sen per share for the travel agency’s listing on the ACE Market.</p>


<p>Princeton Digital Group (PDG) has secured US$1.3 billion (RM5.3 billion) in green financing for its JH1 campus in Johor.</p>


Princeton Digital Group secures US$1.3b green financing for Johor project

<p>A revival of the artificial-intelligence trade powered Wall Street gains, bonds fell and the dollar rose on US Election Day.&nbsp;Chipmakers halted a selloff that had been fueled by worries the AI spending spree is becoming harder to justify.</p>


Chip stocks rally as bonds fall on US election day

<p>The government on Wednesday announced the formation of an independent board to provide leadership, oversight, and monitoring of MediAsas plans moving forward.</p>


Govt forms independent MediAsas board

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


YOUR DAY AHEAD: Nov 4, 2026 

<p>Asia-Pacific rail infrastructure investment is projected to reach US$9.6 trillion by 2050, the highest of any region globally, as governments expand networks to meet rising passenger and freight demand, according to a report by PricewaterhouseCoopers (PwC).</p>


Southeast Asia faces varied paths to rail infrastructure growth

<p>The Youth and Sports Ministry will not approve the Hyrox Kuala Lumpur 2026 event, scheduled to take place from Dec 10 to 13, unless the sponsorship from an alcoholic beverage company is withdrawn entirely.</p>


No Hyrox KL unless alcohol sponsorship withdrawn — ministry

<p>(Nov 2): Walt Disney&nbsp;is considering cutting thousands of jobs and has asked some ​managers to target 20% in annual cost savings, <em>Bloomberg ‌News</em> reported on Monday, citing people familiar with the matter.</p>

<p>The reported restructuring effort comes as CEO Josh D'Amaro navigate...

Disney eyes thousands of layoffs, asks managers to target 20% savings

<p>WASHINGTON (Nov 3): US President Donald Trump on Tuesday said he had made a deal with Israeli Prime Minister Benjamin Netanyahu that Washington would stop $4 billion in annual funding to Israel after this year, but will still sell weapons to its close Middle East ally.</p>

<p>In ​a surprise an...