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

Gas Malaysia, PETRONAS Chemicals, TXCD, Berjaya Corp, Zetrix AI, Country Heights, Lim Seong Hai, Mah Sing, Kinergy Advancement 

SEPANG (Oct 2): The Sepang International Circuit (SIC) has become a showcase of Bahrain's prowess at staging world-class sporting events, as evident in the preparations for the hosting of the Formula 1 Gulf Air Bahrain Grand Prix in Malaysia which took less than 10 weeks to be completed.

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Sepang a showcase of Bahrain's prowess at staging world-class events

Paramount Skydance CEO David Ellison on Friday said upon closing the company's merger with Warner Bros Discovery, the combined entity will be called Skydance.

David Ellison says combined Paramount and Warner Bros Discovery will be named Skydance

US stocks rose on Friday, pushing the Nasdaq Composite to a record high, after weaker-than-expected jobs data reduced odds of a near-term rate hike, driving Treasury yields lower, while lower oil prices added to the risk-on mood.

Nasdaq hits record high after softer jobs data cuts rate-hike bets 

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has expressed his appreciation to outgoing Chinese Ambassador to Malaysia Ouyang Yujing for his commitment to strengthening bilateral ties during his tenure.

Ahmad Zahid, who is also Rural and Regional Development Minister, said Ouyang's commitment included continuous efforts to enhance cooperation between the governments, business sectors and people of both countries.

Ahmad Zahid thanks outgoing Chinese envoy Ouyang Yujing for strengthening bilateral ties

The prime minister’s pre-Budget 2027 remarks have put practical support for smallholders and agro-commodity businesses in the spotlight. The government is considering RM425.65 million for agro-commodity initiatives, including RM280.03 million for oil palm smallholder replanting, RM100 million for farm roads, RM28.57 million for disaster and disease control, and RM17.05 million for downstream agro-commodity entrepreneurs. These are proposals under consideration, not confirmed Budget allocations.

Opinion: Budgeting beyond the harvest

New orders for US factory goods barely rose in August as strong demand for electrical equipment, appliances and components was offset by weakness in commercial aircraft orders.

US factory orders increase slightly in August

US Treasury yields lost ground on Friday after the nonfarm payrolls report showed that the economy added fewer-than-expected jobs in September.

The US economy added 29,000 jobs in September compared with expectations for 90,000, according to the Labor Department's closely watched employment report. It reported a September unemployment rate of 4.2%, which was above economist expectations for 4.1%. Job growth for August was revised down to 133,000 from a previously reported 162,000 surge.

US yields fall as jobs growth slows in September

Tesla beat Wall Street estimates for third-quarter deliveries on Friday, as a demand rebound in Europe offset the loss of US tax incentives and stiffer competition in China.

Tesla quarterly deliveries beat as Europe demand recovers

President Donald Trump said on Friday that a US trade deal with South Korea now includes US$8.4 billion for an oil recovery project.

"The Republic of Korea Deal keeps getting BETTER! 8.4 Billion Dollars for an enhanced Oil Recovery Project. Producing more Oil and Gas means American Energy Dominance and Energy Security in the World for the Future!" Trump wrote on Truth Social.

Trump says US deal with South Korea includes US$8.4 billion for oil recovery

KUALA LUMPUR (Oct 2): Zetrix AI Bhd (KL:ZETRIX) owes the government over RM200 million as the digital services firm failed to remit the money collected from its customers, The Straits Times reported on Friday.

Transport Ministry confirms to The Edge that Zetrix AI owes JPJ over RM200 mil

KUALA LUMPUR (Oct 2): Country Heights Holdings Bhd (KL:CHHB) said its 80.90%-owned subsidiary Golden Horse Palace Bhd (GHPB) has been served with a winding-up petition over two outstanding Industrial Court awards.

Palace of the Golden Horses operator served winding-up petition over industrial court award claim

PUTRAJAYA (Oct 2): Berjaya Hills Resorts Bhd has filed leave to appeal to the Federal Court, over the Court of Appeal’s decision on July 16, which had ruled that state governments have the authority to determine quit rent rates without having to obtain approval from the National Land Council (NLC).

Berjaya Hills obtains stay against Pahang govt’s land forfeiture, also lodges appeal to apex court

The Road Transport Department (JPJ) will suspend MyEG Sdn Bhd and Zetrix AI Bhd (KL:ZETRIX), both under MYEG Group, as its collection agents effective 12.01am on Oct 5, 2026.

JPJ suspends MYEG Group’s services as collection agent from Oct 5

Prime Minister Datuk Seri Anwar Ibrahim’s PKR has lost another member of Parliament after Petaling Jaya MP Lee Chean Chung announced his resignation from the seat on Friday.

Lee Chean Chung resigns as Petaling Jaya MP, leaving PKR with only 27 seats

KUALA LUMPUR (Oct 2): American manufacturers operating in Malaysia are reducing their reliance on Chinese inputs and turning to local suppliers as they adapt to pressure from US tariffs, according to a survey.

US manufacturers in Malaysia shift to local suppliers, cut Chinese inputs amid tariffs, survey shows

Zetrix AI Bhd's (KL:ZETRIX) shares fell to a 13-year low of 10 sen in intraday trade on Friday following reports that the company owes the government more than RM200 million it had collected on behalf of the Road Transport Department (popularly known as JPJ).

Zetrix AI falls to 13-year low of 10 sen following reports it owes JPJ RM200m

Berjaya Hills Resort Bhd, part of Berjaya Corp Bhd (KL:BJCORP), said the enforcement on its properties by the Pahang authorities was “unconscionable and totally unacceptable”.

Berjaya calls enforcement on its hill resort ‘unconscionable and totally unacceptable’ amid quit rent hike dispute

PETRONAS Chemicals Group Bhd (KL:PCHEM) announced on Friday that its chief executive officer Mazuin Ismail will retire effective Jan 1, 2027.

PETRONAS Chemicals announces CEO's retirement, Izwan Ismail to take over effective Jan 1, 2027

Selling pressure on Malaysian large-cap stocks could persist over the next one to three months amid cautious global sentiment but is unlikely to trigger a sharp market correction, according to BIMB Securities.

KLCI selling pressure may persist, but sharp correction unlikely — analysts

（吉隆坡2日讯）据《海峡时报》周五报道，数字服务公司Zetrix AI Bhd（KL:ZETRIX）拖欠政府逾2亿令吉，原因是该公司没有上缴向客户收取的款项。

交通部向The Edge证实 Zetrix AI欠JPJ超过2亿

BENGALURU (Oct 2): Amazon is seeking to offload about US$8 billion of advanced Nvidia&nbsp;chips to investors through a new vehicle to strengthen its balance sheet, the Financial Times reported on Friday, citing people familiar with the matter.

Amazon seeks to offload US$8 bil of Nvidia chips to investors, FT reports

(Oct 2):&nbsp;A US lawmaker has called on Starbucks to close its first stores in China's Xinjiang, calling it a "morally bankrupt decision" to do business in a region where Uyghurs face repression.

US congressman demands Starbucks close its first stores in China's Xinjiang

Tenaga Nasional Bhd’s (TNB) (KL:TENAGA) customers who use up to 800 kilowatt-hours (kWh) of electricity per month will receive a pro-rata credit for the September bill adjustment, which will be credited directly to their October 2026 electricity bills.

Customers to get pro-rata credit in October 2026 bills, says TNB

Zhi Ge, the alleged leader of an international insider trading ring, lost his court challenge against a US extradition request.

Singaporean insider trading suspect loses extradition fight

THE government will have to find more fiscal space without slapping on new taxes under Budget 2027. High energy prices are eating into some of the savings from subsidy reforms even as Putrajaya wants to cushion households, invest for growth and continue narrowing the fiscal deficit.

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Cover Story 1: Experts expect Putrajaya to sweat existing tax system 

A months-long crisis over the monarchy in a small Malaysian state has become a potential stumbling block for the United Malays National Organization, which had been gaining ground on Prime Minister Datuk Seri Anwar Ibrahim.

Negeri Sembilan crisis complicates Umno’s comeback

The first apartment came up for auction and nobody moved.

Luxury condos seized in Singapore’s biggest money-laundering case find few buyers

Passenger service for the Johor Bahru-Singapore Rapid Transit System (RTS) Link is expected to commence in February 2027, with all system tests and trial runs targeted for completion by Dec 31 this year.

RTS Operations Pte Ltd (RTSO) said in a statement on Friday that the timeline takes into account the expected duration of the remaining works, as well as the time required for safety certification by a third party and approvals from the grantors of both countries.

RTS Link passenger service expected to begin in February 2027

Mah Sing Group Bhd (KL:MAHSING) has signed a collaboration term sheet with Kinergy Advancement Bhd (KL:KINERGY) to provide technical advisory and evaluate power infrastructure for its proposed data centre developments, according to a press statement issued on Friday.

Mah Sing partners Kinergy to evaluate energy solutions for data centre pipeline

KUALA LUMPUR (July 8): The FBM KLCI dipped at mid-morning to extend its consolidation phase in muted post Hari Raya trading, with investors remaining on the sideline given the festive holiday period.

At 10.01am, the FBM KLCI fell 2.63 points to 1,648.08.

The top losers include...

KLCI dips, extends consolidation phase

KUALA LUMPUR (May 5): The FBM KLCI opened lower this morning as regional markets continued to remain weak, in line with the overnight fall at most global markets.

At 9am, the FBM KLCI fell 5.30 points to 1,652.28.

The top losers included Petronas Gas Bhd, Public Bank Bhd, Hong...

KLCI opens lower as regional markets slip 

KUALA LUMPUR (Feb 12): The FBM KLCI opened higher this morning despite the mayhem at most global markets, lifted by select blue chips.

However, the local bourse is expected to move in tandem with the globl markets and remain cautious.

At 9.01am, the FBM KLCI was up 0.55 points...

KLCI averts global mayhem, for now

KUALA LUMPUR (Jan 12): Shares of Ekovest Bhd rose 4% in early trade today after it was awarded the concession for the construction and management of the RM3.74 billion Setiawangsa-Pantai Expressway (formerly Duta-Ulu Kelang Expressway (DUKE) Phase-3).

At 9.15am, Ekovest rose 5 sen to RM...

Ekovest rises 4% on getting expressway concession 

KUALA LUMPUR (Dec 16): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed all with negative momentum.

The stocks with negative momentum are:

Guan Chong Bhd...

Guan Chong, SYF, Dolomite, Comfort, GSB, NTPM

KUALA LUMPUR (Dec 2): The FBM KLCI edged up in early trade today despite the stuttering regional markets, lifted by select index-linked blue chip stocks.

At 9.01am, the FBM KLCI gained 1.28 points to 1,683.65.

The early gainers included Petronas Dagangan Bhd, Carlsberg Brewery...

KLCI edges up in early trade as select blue chips lift 

KUALA LUMPUR (Sept 22): The FBM KLCI reversed its early gains and dipped at mid-morning on less than rosy outlook for the Asian region painted by the Asian Development Bank (ADB).

At 10.02am, the FBM KLCI was down 5.20 points to 1,634.27.

The top losers included Kuala Lumpur K...

KLCI reverses gains, index-linked telcos slip

KUALA LUMPUR (April 20): The FBM KLCI is expected to remain cautious today, with gains seen limited on the back of the weaker close at most global markets.

Global equity markets fell on Friday on reports about a crackdown on margin lending in China, while the dollar retreated on views t...

KLCI to remain cautious

KUALA LUMPUR (April 1): Hong Leong IB Research has maintained its “Hold” rating on Karex Bhd with a revised target price of RM4.61 after Karex announced that it had entered into an agreement to acquire two pieces of lands measuring approximately 4.5 hectares Pontian for RM14.8 million cash.
...

HLIB Research maintains Hold on Karex, ups target to RM4.61 

KUALA LUMPUR (March 23): The FBM KLCI edged lower in early trade on Monday, but managed to hiver above the crucial 1,800-point level.

At 9.01am, the index fell 2.55 points to 1,801.10.

The top losers in early trade included British American Tobacco (M) Bhd, Kossan Rubber Indus...

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