(Oct 5): Latvian airline airBaltic said on Monday it is preparing to cut about 500 to ​700 jobs across its bases in Riga, Vilnius ‌and Tallinn.

The carrier filed for Chapter 11 bankruptcy in New York in September, aiming to complete a sweeping ​restructuring focused on cutting its ...

AirBaltic plans to cut up to 700 jobs

Nvidia Corp is on the verge of becoming the first company with a US$6 trillion (RM24.52 trillion) market capitalisation as investors rotate back into the artificial-intelligence chipmaker.

Nvidia heads for US$6 tril value with chipmaker back at record

Malaysia is studying the possibility of introducing provisions that allow copyright owners to opt out of having their works used for data mining, including for training artificial intelligence (AI) systems.

Malaysia could introduce copyright law to protect works from AI training usage — MyIPO

SINGAPORE/LONDON (Oct 6): The euro steadied just above a 17-month low on Tuesday as euro zone ‌bond markets stabilised, a day after the currency fell sharply on fears that stress in French bond markets could spread more widely.

The US dollar continued to trade at around its highest...

Euro trades around 17-month low amid French debt worries

European stocks rose on Tuesday, extending a global equity rally as investors turned more optimistic ahead of earnings season, while easing pressure in longer-dated bonds and lower oil prices helped calm markets after last week's fixed-income turmoil.

Global stocks climb, yields retreat from multi-decade highs

MUMBAI (Oct 6): The Indian rupee declined to its weakest level in more than two months on Tuesday under ​pressure from persistent foreign selling of local assets, drawing likely ‌central bank intervention as the South Asian unit nears a record low.

The rupee declined 0.15% to 96.43 per ...

Rupee slips to over 2-month low on portfolio outflows

Sunway Malls has leased 80% of Sunway Ipoh Mall and confirmed 25 brands for the mall, including seven anchor tenants and nine brands making their Perak debut.

Sunway Ipoh Mall 80% leased, 25 tenants confirmed ahead of 4Q2027 opening

Myanmar's coup leader turned president Min Aung Hlaing will visit Malaysia "in the next few days", Prime Minister Datuk Seri Anwar Ibrahim said on Tuesday, after Kuala Lumpur launched a plan to return thousands of Myanmar migrants.

Myanmar leader to visit Malaysia after migrant returns begin

KUALA LUMPUR (Oct 6): SLGC Bhd (KL:SLG) ended its first trading day on the ACE Market below its initial public offering (IPO) price.

Construction firm SLGC ends first trading day below IPO price

LONDON (Oct 6): A euro crisis redux with France at its centre would demand a massive response from the European Central Bank to prevent spillovers and insulate the single currency. But a leadership switch at the top of the central bank is looming, which could both complicate that process and...

Opinion: Early ECB leadership change could worsen Paris bond jolt

THE ongoing issues at digital services and technology infrastructure provider Zetrix AI Bhd (KL:ZETRIX) could be a long-drawn affair, with managing director Wong Thean Soon, better known as TS Wong, likely to seek legal recourse after recent developments at the company ravaged its share price.</p...

TS Wong could seek legal recourse over issues at Zetrix

Zetrix AI Bhd (KL:ZETRIX) faces uncertainty over its revenue collection business after the Ministry of Transport (MOT) suspended its services as a collection agent for the Road Transport Department (JPJ) over unremitted government funds totalling RM314 million.

Zetrix AI's business continuity uncertain after JPJ suspension — MBSB Research

Top Glove Corporation Bhd (KL:TOPGLOV) said it is confident of weathering industry headwinds ahead after earnings jumped nearly five times in the recently ended quarter.

Ray Dalio warns China, Japan may pull back from US Treasuries

KUALA LUMPUR (Oct 6): Malaysian banks are working towards introducing fraud alert capabilities that can flag potential risks before a transaction is completed.

BNM: Banks working towards fraud alert before transaction is completed

KUALA LUMPUR (Oct 6): Seven years after Malaysians were made aware of the problems confronting the Federal Land Development Authority (Felda), the institution is once again at a crossroads.

Felda’s road ahead in the spotlight

KUALA LUMPUR (Oct 6): SLGC Bhd (KL:SLG) ended its first trading day on the ACE Market below its initial public offering (IPO) price.

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Oct 6, 2026 

Scientex Bhd (KL:SCIENTX) is acquiring 503 acres in Pulai, Johor, for RM580 million to boost the property developer’s land bank.

Scientex to acquire 503 acres in Johor for RM580 mil

<h2>Notable filings</h2>

During the week of Sept 14 to 18, notable shareholding changes among Bursa Malaysia-listed companies included those at D&amp;O Green Technologies Bhd (KL:D&amp;O), where pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) ceased to be a substan...

Insider Moves: D&O Green Technologies Bhd, EI Power Bhd, MQ Technology Bhd, Sealink International Bhd, Zetrix AI Bhd

The World Bank has flagged the risk of a slowdown from a correction in global artificial intelligence (AI)-related activity, even as it raised Malaysia's 2026 growth outlook to 5.1% from 4.4% previously, driven by surging AI-related spending.&nbsp;

World Bank flags AI correction risk as it lifts Malaysia's 2026 growth outlook to 5.1%

KUALA LUMPUR (Oct 6): Rapidus Corporation has roped in Malaysian firms — GreatAsic Technology Sdn Bhd, Infinecs Systems Sdn Bhd, Oppstar Bhd's (KL:OPPSTAR) Oppstar Technology Sdn Bhd&nbsp;and SkyeChip Bhd (KL:SKYECHIP) — as design solution associates to support the development of its global chip ecosystem framework.

Rapidus taps four Malaysian firms as design solution associates for CORE ecosystem

United Overseas Bank (Malaysia) Bhd (UOB Malaysia) chief executive officer Datuk Ng Wei Wei&nbsp;climbed 10 rungs to 85th place in this year's Fortune’s Most Powerful Women Asia ranking. &nbsp;&nbsp;

UOB Malaysia CEO Ng Wei Wei climbs 10 rungs in Fortune’s Most Powerful Women Asia ranking

The World Bank has agreed that certain elements of the goods and services tax (GST) should be implemented into Malaysia’s sales and services tax (SST) to address its distortionary features.

World Bank supports Malaysia’s possible integration of GST elements into SST 

Outstanding repayments for loans issued by the National Higher Education Fund Corporation (PTPTN), the country's main tertiary education loan provider, stood at RM10.7 billion as at Aug 31.

PTPTN loan arrears hit RM10.7b as at Aug 31 — minister

KUALA LUMPUR (Oct 6): Five of the nine technology drivers identified under the National Technology Sovereignty Framework (NTSF) have been deemed critical to national sovereignty and possess strong commercial potential.

Mosti: Five technology drivers identified as critical to Malaysia's sovereignty

European stocks rose on Tuesday, extending a global equity rally as investors turned more optimistic ahead of earnings season, while easing pressure in longer-dated bonds and lower oil prices helped calm markets after last week's fixed-income turmoil.

CIMB Group Holdings Bhd (KL:CIMB) is exploring a sale of its business in the Philippines as part of efforts to streamline and focus on bigger markets for growth, according to people with knowledge of the matter.

CIMB considers selling Philippine business — Bloomberg

BENGALURU/SINGAPORE (Oct 6): Oil prices made slight gains on Tuesday as security concerns in the Middle East kept a geopolitical risk premium in the market, even as resilient regional crude exports and a G7 emergency stockpile release eased supply concerns.

Oil gains as traders weigh Gulf tensions against strong Mideast exports

BENGALURU (Oct 5): Data centre operator DayOne Data Centers filed for an initial public offering (IPO) in the United States on Monday, testing investor appetite for data-centre listings amid challenging market conditions.

Data centre operator DayOne reveals revenue surge in US IPO filing

I HAVE a running joke with my boyfriend about cell phone chargers in cars.

Everything we have driven in the past year has had USB ports — typically multiple of them — strewn about the interior, from the US$280,000 (RM1.13 million) McLaren 720S to the US$60-a-day Toyota Yaris we rented r...

Cars: Bentley’s US$244,600 Flying Spur harks back to an era of grandeur

This article first appeared in The Edge Financial Daily, on January 20, 2016.

 

KUALA LUMPUR: Palm oil prices are expected to rise between US$50 (RM218) and US$100 in the next five months due to shrinking stocks as consumption exceeds production, while growth in ...

‘Palm oil prices to rise US$50-US$100’ 

ITALY has chosen Neapolitan pizza as its candidate for protection under Unesco’s Intangible Cultural Heritage list, Italian media repor...

Italy offers Neapolitan pizza for Unesco heritage menu

THE awards season kicked off on Sunday in Los Angeles with the 72nd Golden Globes Awards. Here’s a look at some of Tinseltown’s fashion hits and misses at the event recognising the movie industry for its work.

Garb Galore

THE net overall impact of this year’s 28% plunge in oil prices is positive for the global economy. But it isn’t universal, and it comes with negative dimensions that need to be well understood, lest they end up reversing the benefits.

The good comes from the boost that lower oil prices ...

The good, the bad and the ugly

KUALA LUMPUR: The government’s efforts to narrow fiscal deficit to 3% of gross domestic product (GDP) next year could see a setback if crude oil prices remains below US$70 (RM240.80) per barrel, said the Ministry of Finance (MOF).

“The threshold level of the crude oil price that will ex...

Fiscal deficit target may be derailed

Dear Readers,

ON April 2, 2007 a US real estate investment trust that specialised in subprime mortgage, New Century Financial Corp, filed for bankruptcy — an event that was little noticed around the world.

A month later on May 22, The Edge Media Group, which by then had establ...

FD says goodbye after 13 years

SOLID Automotive Bhd (-ve)
SOLID Automotive Bhd (fundamental: 0.75/3, valuation: 0.9/3) made it into our Stocks with Momentum list yesterday for the eighth time this year.

Solid Automotive shares closed unchanged at 31.5 sen. Some 6.17 million shares were traded,...

Stock With Momentum: SOLID Automotive

Rubberex Corp (M) Bhd (+ve)
TRADING of shares in Rubberex Corp (M) Bhd (fundamental: 1.8/3, valuation: 0.6/3) triggered our momentum algorithm yesterday for the fourth time this month.

Rubberex shares closed up five sen or 4.63% at RM1.13. Some 27.47 million shar...

Stock With Momentum: Rubberex Corp (M)

Ho Wah Genting Bhd (+ve)
TRADING of shares in Ho Wah Genting Bhd (fundamental: 0.55/3, valuation: 0/3) triggered our momentum algorithm yesterday for the fourth time this year.

The company’s share price closed 2.33% or half a sen higher at 22 sen.

The Edge Financial Daily

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