Some of the most prominent artificial intelligence models are falling short of European regulations in key areas such as cybersecurity resilience and discriminatory output, according to data seen by Reuters.

EU AI Act checker reveals Big Tech's compliance pitfalls

Republican presidential candidate Donald Trump said South Korea would pay billions of dollars more every year to host US troops if he were in the White House, calling the long-time US ally a “money machine”.

“If I were there now, they’d be paying us US$10 billion (RM42.94 billion) a year and you know what, they’d be happy to do it,” Trump told Bloomberg News editor-in-chief John Micklethwait on Tuesday in an interview at the Economic Club of Chicago. “It’s a money machine, South Korea.”

Trump wants South Korea to pay more for US troops

Global fund managers increased their allocation to China at India's expense after Asia's largest economy unleashed a stimulus package, according to a survey conducted by BofA Securities.

Global fund managers pare India allocation in favour of China, BofA survey shows

Pekat Group Bhd (KL: PEKAT) is well-positioned to capitalise on substantial growth opportunities driven by Malaysia’s rising demand in the renewable energy sector, Tenaga Nasional Bhd’s (KL: TENAGA) infrastructure upgrade and from the surge in data centres investment, said Phillip Capital.

Pekat to capitalise on rising solar energy and data centre opportunities in Malaysia, says Phillip Capital

The US and partners including South Korea and Japan unveiled a new plan to keep an eye on North Korea’s nuclear weapons development after a Russian veto earlier this year triggered the end of monitoring by a United Nations (UN) panel of experts.

US unveils 11-nation plan to monitor North Korea’s nuke threat

Investors in chip stocks are facing a fresh gut check after a tepid outlook from key equipment supplier ASML Holding NV sparked a global rout in the sector.

Global chip stocks shed US$420b after ASML warning

LVMH shares plunged after sales of fashion and leather goods fell for the first time since the Covid-19 pandemic, revealing the scale of the slump in demand from once insatiable Chinese consumers. 

Organic revenue at the key unit whose brands include Louis Vuitton and Christian Dior declined 5% in the third quarter. That was the worst performance since the second quarter of 2020, when the world went into lockdown.

LVMH plunges as China's luxury spending slowdown worsens

Stellantis NV’s global vehicle shipments slumped by a fifth in the third quarter as the automaker tries to trim its bloated inventories.

Shipments fell to about 1.15 million vehicles, led by a 36% drop in the key North American market, Stellantis said on Wednesday.

Stellantis shipments drop 20% as CEO trims inventories

Hong Kong eased its mortgage rules to allow homebuyers to fork out lower down payment, aiming to address a prolonged property slump in the city.

The loan-to-value (LTV) ratio of all residential properties is now set at 70%, Chief Executive John Lee said in his policy address on Wednesday. The change reduces the required down payment for homes valued above HK$35 million (US$4.5 million or RM19.35 million), which had a ratio of 60% previously. Meanwhile, the LTV ratio of company-held properties was raised to 70% from 60%.

Hong Kong relaxes mortgage rules to bolster property market

Gold is expected to climb to record highs over the next year, according to a survey of the bullion industry at a major annual gathering.

Gold industry sees bullion surging 10% in a year to record high

ASML Holding NV’s shares plunged the most in 26 years after it booked only about half the orders analysts expected, a startling slowdown for one of the bellwethers of the semiconductor industry.

The Dutch company, which makes the world’s most advanced chipmaking machines, lowered its guidance for 2025 and reported bookings of €2.6 billion (US$2.8 billion or RM12.2 billion) in the third quarter, missing an average estimate of €5.39 billion by analysts surveyed by Bloomberg.

ASML shares plunge as bookings miss signals chipmaker woes

Stocks got hit as a disappointing outlook from Europe’s most-valuable tech company and concern about tighter US restrictions on chip sales spurred a selloff in the industry that has powered the bull market.

Wall St halts rally as Nvidia, ASML getting crushed

Shares of Malayan Flour Mills Bhd (KL:MFLOUR) fell to their lowest in more than five months on Wednesday, following an announcement that the company would not be getting a second earnout payment from a stake sale.

Malayan Flour Mills falls to five-month low after announcing no second earnout from stake sale

KUALA LUMPUR (Oct 16): Despite strong gains this year, construction stocks are “not yet ripe for profit-taking” as continuous project flow is expected through 1H2025, on the back of infrastructure and industrial developments, said RHB Investment Bank Research (RHB IB).

Construction stocks ‘not yet ripe for profit-taking’, steady project flow to continue through 1H2025 — RHB IB

A syndicate involved in bringing in foreigners&nbsp;using a 'counter-setting' method, allegedly orchestrated by enforcement agency personnel at the country's air entry points, is among the topics to be discussed in the Dewan Rakyat&nbsp;on Wednesday.

Syndicate bringing in foreigners among issues in Parliament for the day

A legal complaint by Genting Malaysia Bhd’s (KL:GENM) joint-venture partner filed in Florida could affect its bid for a casino licence in New York, CGS International warned in a note.

Genting's New York casino bid could be affected by complaint in Florida, CGS warns

Asian equities fell on Wednesday after disappointing earnings from Europe's&nbsp;biggest tech firm ASML dragged&nbsp;chip stocks&nbsp;around the world, while expectations that the US Federal Reserve&nbsp;(Fed) will take a modest rate cut path propped up the dollar.

Chip stocks lead Asian markets lower; China in focus

RHB Bank Bhd (KL:RHBBANK) could see stronger results in the upcoming quarter, as margins widen amid strong loan growth, said Hong Leong Investment Bank in raising its profit forecasts.

The net interest margin — the difference between interests charged on loans and returns paid to depositors — may continue to “hold up well”, the research house said in a note. Loan growth is still robust at the guided 6.5%-7.0% for 2024 despite recent currency swings, it added.

RHB Bank could see stronger results in coming quarter, says Hong Leong in raising estimates

LBS Bina Group Bhd (KL:LBS) officially launched its latest 315-acre township development named Rimbawan in Genting Highlands, Pahang on Tuesday (Oct 15). The township has a gross development value (GDV) of RM9.5 billion.

LBS Bina unveils RM9.5 bil GDV Rimbawan township in Genting Highlands; Budget 2025 wishlist

Former prime minister Tun Dr Mahathir Mohamad has been hospitalised at the National Heart Institute (IJN), resulting in the postponement of&nbsp;his defamation suit against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Lawyer Mior Nor Haidir Suhaimi, representing Mahathir, informed the court on Wednesday that the two-time PM was rushed to the IJN on Tuesday&nbsp;evening due to a lung infection.&nbsp;

Tun M hospitalised, suit against Zahid over ancestry comments postponed

Scams remain prevalent in Malaysia, with 74% of Malaysians encountering them at least once a month, according to a report conducted by the Global Anti-Scam Alliance (GASA) of scam trends affecting the country.

Scams a growing problem in Malaysia

Flights operated under Malaysia Airlines experienced fewer delays in September on a month-on-month basis, but still fell short of the sector target set by the Ministry of Transport (MOT) and Malaysian Aviation Commission (Mavcom) earlier this year.&nbsp;

Malaysia Airlines improved on-time performance in September, but missed sector target — Loke

KUALA LUMPUR (Oct 16): The government is in the process of finalising the procurement of an advanced passenger screening system (APSS), as part of its efforts to combat syndicates that allegedly bring in foreign workers illegally.

Govt to procure screening system to tackle syndicates smuggling in foreign workers — home minister

Three of Southeast Asia’s biggest economies will unveil monetary policy decisions from 3pm Malaysian time on Wednesday, influenced by everything from politics, inflation and currency volatility to geopolitical risks.

Southeast Asia’s central banks face duelling rate calls

In response to market speculation about inheritance tax reintroduction in Budget 2025, the Real Estate and Housing Developers’ Association (Rehda) Malaysia said the approach would hinder Malaysians from purchasing homes as an investment tool.

Inheritance tax will discourage Malaysians from investing in homes, says Rehda Malaysia

KUALA LUMPUR (Oct 16): AirAsia X Bhd’s (KL:AAX) shareholders and proxies have voted 99.08% in favour of the proposed RM6.8 billion acquisition of AirAsia’s aviation business — AirAsia Bhd and AirAsia Aviation Group Ltd — from its sister company Capital A Bhd (KL:CAPITALA).

AAX shareholders approve RM6.8b aviation assets buy from Capital A

Republican presidential candidate Donald Trump defended his plans to overhaul the US economy through dramatic tariff increases and more direct consultation with the Federal Reserve (Fed), arguing that his policies would result in substantial growth despite projections that his agenda would fuel inflation and spike the national debt.

Trump defends tariff plan while pressing for more Fed influence

The ringgit has shown a stronger performance versus regional currencies, driven by investor confidence in the country's reform agenda.

Finance Minister II&nbsp;Datuk Seri Amir Hamzah Azizan&nbsp;said that investors' confidence is premised on the clear direction of&nbsp;the Madani Economy&nbsp;Framework and the implementation of policy reforms, including the Public Finance and Fiscal Responsibility Act, as well as targeted subsidies for electricity, water, and diesel.

Govt reforms supporting ringgit's strength versus regional currencies, says Amir Hamzah

Crescendo Corporation Bhd (KL:CRESNDO) said on Wednesday that it is buying SGR Land Development Sdn Bhd and taking on its six land purchase obligations in Johor for RM168.85 million.

Crescendo to buy SGR Land, assume Johor land purchase agreements in RM169m deal

KUALA LUMPUR (Oct 16): The Ministry of Plantation and Commodities has approved financing applications amounting to RM52.9 million under the Smallholder Oil Palm Replanting Financing Incentive Scheme (TSPKS) 2.0.

Over half of allocated RM100m been approved for smallholder oil palm replanting scheme, says Johari Ghani

THREE or four mornings every week, I am on a treadmill or a stationary bike in my condominium’s gym with music from Spotify, or occasionally Apple Music, streaming into my AirPods.

I am a premium subscriber of Spotify and I get Apple Music through my subscription to the Apple One bundle...

Tech: Spotify’s rebound is music to investors’ ears

Residential property sales in Prime Central London (PCL) recorded a quarter-on-quarter (q-o-q) growth of 14% in 2Q2024 to 500 units, showing that there was no slowdown in the lead-up to the UK general election in July 2024, according to a report by CBRE UK titled “Prime Central London Residential...

Prime Central London residential market remains resilient

A year into her high-profile role as director-general (DG) of the Royal Malaysian Customs Department (RMCD), Datuk Anis Rizana Mohd Zainudin continues to move at full speed, effecting changes and reforms she thinks will make for a more efficient and effective department, caring little for the cri...

Bringing about change in Customs Department

PROPERTY developer Glomac Bhd (KL:GLOMAC) is aware it has been in a “slumber” over the past few years but it is now “waking up” and ready to take on more opportunities, not just in property development but perhaps also in green energy, according to its group managing director and CEO Datuk Seri F...

Glomac readies RM3 bil sukuk-boosted war chest for new opportunities 

Have you ever wondered where your social media “reels” are stored? An accurate answer will require some technical jargon but suffice to say that data centres are at the core of that process. They are essentially physical spaces that house the IT infrastructure critical for running the digital app...

Trust In Resilience: Budget 2025: The centre of opportunity for Malaysia’s data boom

According to SME Corporation Malaysia, micro, small and medium enterprises (MSMEs) contribute 38% to the country’s gross domestic product (GDP) and account for about 48% of total employment. Boosting the productivity of small businesses and enhancing their competitiveness should therefore be key ...

My Say: Increase funding for SMEs to enhance digital capabilities

Scams remain prevalent in Malaysia, with 74% of Malaysians encountering them at least once a month, according to a report conducted by the Global Anti-Scam Alliance (GASA) of scam trends affecting the country.

PENANG-based integrated gaming solutions specialist RGB International Bhd (KL:RGB) is poised for a record profit this year, driven by its strategic expansions in the Philippines and Cambodia.

Despite absorbing significant impairments totalling RM37.1 million, RGB saw its net profit incr...

RGB on track for record year with game-changing bet

KEDAH-based electronics manufacturing services (EMS) provider Aurelius Technologies Bhd (KL:ATECH) is riding a wave of robust orders and gearing up for a potentially stronger financial performance this year, driven by its strategic focus on wireless communication technology and operational effici...

Aurelius Technologies stays wired to wireless solutions for growth

The overall office market in Kuala Lumpur and Selangor demonstrated a positive performance in the second quarter of 2024, marked by growth in occupancy rates and rents. This was largely driven by newer office spaces commanding higher rents and good absorption rates, while older, secondary buildin...

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