Former natural resources and environmental sustainability minister Nik Nazmi Nik Ahmad will be barred from all official activities of Parti Bersama Malaysia (Bersama) for three months from Oct 20 to Jan 19, 2027.

Bersama bars Nik Nazmi from official activities for three months — president

A total of 24 areas nationwide recorded unhealthy air quality as of 9.30am, with Pasir Gudang, Johor, registering the highest air pollutant index (API) reading at 196.

Haze: 24 areas nationwide record unhealthy readings as of 9.30am

Nvidia Corp chief executive officer Jensen Huang took a sanguine view towards the latest artificial intelligence (AI) stock-market rout, saying the benefits of the technology will soon outweigh the concerns of investors.

Nvidia CEO on AI market turmoil: ‘All of this is going to pass’

Wall Street ended sharply lower on Friday, with CoreWeave, Broadcom and other artificial intelligence (AI)-related technology stocks under renewed pressure, while a jump in oil prices spooked traders heading into the weekend.

Wall Street ends down sharply; worries about AI trade and high oil prices weigh

A generation of investors grew up believing that Genting Bhd (KL:GENTING) was a cash-generating machine where nothing can go wrong even during the worst of times.

Genting loses its lustre

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Zetrix AI, Genting, Genting Plantation, IOI Properties, Public Bank, RHB Bank, Cape EMS, Turiya, EGH International, Westsports Holdings & Cosmos Tech 

Zetrix AI Bhd (KL:ZETRIX) faces potential sukuk payment obligations of RM2.16 billion if it fails to resolve a covenant breach by Oct 22, which could trigger a payment default.

Zetrix on the hook for RM2.16 bil as sukuk holders sound alarm bell  

Public Bank Bhd (KL:PBBANK) could see its consolidated net assets and earnings per share reduced by four sen, following an expected HK$1.964 billion — or about RM1.1 billion — goodwill impairment at its Hong Kong-listed subsidiary, Public Financial Holdings Ltd (PFHL).

Public Bank’s HK unit to take HK$1.9b non-cash impairment, trimming parent’s net assets and earnings by four sen per share

Datuk Vijayasundaram Jeyabalan has emerged as a substantial shareholder in Turiya Bhd (KL:TURIYA) after acquiring 22.872 million shares, representing a 9.091% stake in the company, through a private placement.

Vijayasundaram Jeyabalan emerges as Turiya’s second-largest shareholder with 9.09% stake via placement

Indonesia's stock market is no longer worthy of "emerging market" status, MSCI said on Friday, laying out a plan to remove it from a suite of indices tracked by funds, a shock move that sparked the steepest one-day drop in Jakarta shares since 1998.

Indonesia gets 'wake-up call' as MSCI prepares to expel it from global indices

EGH International Bhd (KL:ECOGRP) fell in its ACE Market trading debut on Friday amid relatively weak demand for the interior fit-out firm’s shares.

EGH International stumbles in ACE Market debut

Zetrix AI Bhd (KL:ZETRIX) acknowledged a potential breach of a sukuk's clause that requires the digital services firm’s managing director to remain as its single-largest shareholder.

Zetrix AI acknowledges potential breach of sukuk covenant

The Human Resources Ministry plans to amend the National Wages Consultative Council Act 2011 to allow minimum wages to be set based on education levels, paving the way for a mandatory minimum starting salary of RM2,500 a month for graduates and semi-skilled workers under Budget 2027.

Govt to amend wage law for mandatory RM2,500 minimum starting salary for graduates, semi-skilled workers — HR minister

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

FBM KLCI down 0.98% to 1,607.76 on Oct 16, 2026

The global economy is showing remarkable resilience but there is no room for complacency, the head of the International Monetary Fund's steering committee said on Saturday, while divisions over Russia's war against Ukraine sparked a walkout of delegates.

IMF committee chair says global economy resilient; delegates walk out on Russian official

US President Donald Trump waived massive tariffs linked to Russian energy exports mandated in a law that he signed last month, as the measures complicated his push to lower diesel prices ahead of the US midterm elections.

Trump halts new Russia energy sanctions to ease diesel costs

Parti Keadilan Rakyat (PKR) will field a mix of seasoned and experienced candidates, young people and women from various ethnic groups in the 16th Melaka state election on Nov 14.

Melaka polls: PKR to field experienced, young and women candidates, says Amirudin

Singapore has identified seven companies it says were involved in wildfires in Indonesia that have blanketed the city-state in haze, stepping up scrutiny of firms linked to the blazes.

Singapore names seven companies over Indonesia haze fires

Electricity supply to all areas affected by a fire at the Kangkar Tebrau Main Intake Substation in Johor on Friday was fully restored within 77 minutes, Tenaga Nasional Bhd (TNB) (KL:TENAGA) said.

TNB restores power within 77 minutes after Kangkar Tebrau substation fire

The National Physical Planning Council (MPFN) has given in-principle approval to the proposed development of the National Maritime Port City and Carey Island Port Special Economic Zone.

National Physical Planning Council okays Carey Island development, project to contribute RM4.7b to GDP, says Nga

Every year, sea turtles return to the beaches of northern KwaZulu-Natal, in South Africa, where they began life. Once they leave the shore, some travel north through the Mozambique Channel, using waters and coastal habitats off Mozambique and Madagascar, while others journey into the wider Indian...

Sustainable Development Now: Conserving a Connected Ocean

Wall Street has spent the year betting on staggering artificial intelligence (AI) growth while worrying about stubborn inflation. This week, investors got a fresh taste of both risks: a deepening rout in the AI complex that reached into its debt financing, and oil at US$110 a barrel threatening to make inflation harder to contain.

Wall Street anxiety spreads as AI rout meets US$110 oil shock

Anthropic PBC has presented its own draft bill to US lawmakers with a plan for regulating artificial intelligence (AI) safety and security, in a moment of heightened concern about the potential risks of the rapidly advancing technology.

Anthropic pitches AI safety bill to lawmakers — report

Former natural resources and environmental sustainability minister Nik Nazmi Nik Ahmad will be barred from all official activities of Parti Bersama Malaysia (Bersama) for three months from Oct 20 to Jan 19, 2027.

The global economy is showing remarkable resilience but there is no room for complacency, the head of the International Monetary Fund's steering committee said on Saturday, while divisions over Russia's war against Ukraine sparked a walkout of delegates.

US President Donald Trump waived massive tariffs linked to Russian energy exports mandated in a law that he signed last month, as the measures complicated his push to lower diesel prices ahead of the US midterm elections.

Parti Keadilan Rakyat (PKR) will field a mix of seasoned and experienced candidates, young people and women from various ethnic groups in the 16th Melaka state election on Nov 14.

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