Digital Minister Gobind Singh Deo said highly classified public-sector data is prohibited from being stored in cloud environments, which allow data to be kept and accessed over the internet.

Gobind: Highly classified public-sector data barred from cloud storage

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

SD Guthrie, MISC, Yinson, Gamuda, Zetrix AI, LYC Healthcare, Computer Forms, Bus Cap, South Malaysia Industries 

Prime Minister Datuk Seri Anwar Ibrahim's answers in Parliament on Tuesday had avoided the key issue of alleged enforcement agency collusion with a purported "corporate mafia", said Bersama leader Datuk Seri Rafizi Ramli.

PM avoided core issue of 'corporate mafia' allegations, says Rafizi

China's commerce ministry on Tuesday criticised a US government order banning Chinese AI model DeepSeek from federal agency IT systems, saying it harmed Chinese firms' interests and disregarded understandings reached by the countries' leaders.

China says US' DeepSeek ban disregards Xi-Trump consensus

The Ministry of Housing and Local Government (KPKT) will allocate RM150 million from 2026 to 2030 to repair and upgrade public toilets managed by local authorities (PBTs).

KPKT to allocate RM150m for public toilet upgrades from 2026 to 2030

Wall Street's main indices climbed on Tuesday as healthcare stocks hit a record high and easing oil prices boosted investor sentiment, while markets continued to stabilise following last week's technology-led sell-off.

Wall Street gains as healthcare stocks rally, oil prices fall

Pending sales of existing US homes fell to a record low in September as high mortgage rates continued to weigh on demand.

US pending home sales plunged in September to a record low

South Malaysia Industries Bhd (KL:SMI) has succeeded in its bid to remove six directors nominated by a substantial shareholder after the High Court quashed the Securities Commission Malaysia’s (SC) approval of their appointment.

South Malaysia Industries wins court battle to remove 6 directors picked by major shareholder and approved by SC

Overnight curfews in violence-hit zones of France's biggest cities helped bring respite from the nation's worst unrest in years, the government said, ahead of more protests planned for the weekend.

Curfews help calm France but more protests planned

General Electric Co raised its full-year outlook amid strong aircraft engine demand, in a sign that air travel has yet to retreat despite resurgent jet fuel prices.  Adjusted earnings will be US$8 to US$8.10 a share this year, up from a prior range of US$7.65 to US$7.85, the company said as it reported third-quarter earnings on Tuesday.

GE lifts outlook as air travel boom shrugs off fuel costs

Serba Dinamik Holdings Bhd founder Datuk Mohd Abdul Karim Abdullah has been placed on an Interpol Red Notice to help locate and arrest him.

Serba Dinamik founder Abdul Karim on Interpol Red Notice, says Anwar

Existing laws governing Malaysia's financial and enforcement agencies are adequate to tackle corporate crime, said Prime Minister Datuk Seri Anwar Ibrahim on Tuesday, stressing that effective enforcement depends on clear leadership direction and political will.

Anwar cites three cases of owners forced to sell their firms over politics post-Asian Financial Crisis

Malaysia Rail Link Sdn Bhd (MRL) will offer a 30% discount on East Coast Rail Link (ECRL) economy-class tickets for one month to mark the launch of the service on Dec 12.

Loke: 30% discount on ECRL economy-class tickets for first month of operations

Attorney General Tan Sri Mohd Dusuki Mokhtar has confirmed that Malaysian Border Control and Protection Agency director general Datuk Seri Mohd Shuhaily Mohd Zain will face charges over the alleged assault of two policemen at Kuala Lumpur International Airport (KLIA).

AG confirms Border Control DG Shuhaily to face charges for voluntarily causing hurt

DURING the Covid-19 lockdown, Datuk Seri Andrew Tan Jun Suan, managing director and 53.86% shareholder of Tanco Holdings Bhd (KL:TANCO), was at his beachside resort in Port Dickson, pondering over a long-standing plan to build an integrated resort city that required a large investment.

...

From beach resort to seaport — is Tanco for real?

Prime Minister Datuk Seri Anwar Ibrahim on Tuesday said the government will establish a special committee chaired by the attorney general to investigate corporate crime.

Anwar: Govt to set up special committee to investigate corporate crime, chaired by attorney general

SINCE the beginning of the year, Sunway Bhd (KL:SUNWAY) shares have declined more than 20%. From a record high of RM5.98 in February this year, the stock has fallen by almost 30%, coming on the heels of Sunway’s failed bid earlier this year to take over rival IJM Corp Bhd (KL:IJM) for RM3.15 bill...

Sunway shares slide as investors await fresh rerating catalysts

KUALA LUMPUR (Oct 20): National shuttler Lee Zii Jia and his family members have settled an ongoing court tussle involving his company LZJ Management Sdn Bhd.

National shuttler Lee Zii Jia settles court tussle against father, family over his company

Big Caring Group Bhd plans to launch its share sale this month in a bid to raise some RM2.45 billion, the Wall Street Journal reported.

Big Caring to launch Main Market IPO by end-October to raise some RM2.45b — report

The Court of Appeal has upheld a Kuala Lumpur High Court summary judgment that had been entered against Indonesian businessman Datuk Jovian Mandagie over a friendly loan of about RM5 million each given by two companies.

COA upholds summary judgment on Ismail Sabri’s former son-in-law Jovian Mandagie

Electrical engineering firm SKA Capital Bhd has priced its shares at 43 sen per share for its ACE Market listing.

SKA Capital aims to raise over RM100 mil from ACE Market IPO

Maybank Investment Bank Bhd is the most bullish among 12 analysts surveyed by Bloomberg covering Solarvest Holdings Bhd (KL:SLVEST), citing the group's track record of bagging 30% of Malaysia's current solar jobs as another RM20-RM25 billion in contracts are in the pipeline.

Maybank IB expects Solarvest stock to shine amid solar construction boom, ups target price to RM5.68 

<h2>Notable filings</h2>

Over the week of Sept 28 to Oct 2, notable filings on shareholding changes among Bursa Malaysia-listed companies included those at Avangaad Bhd (KL:AVANGAAD).

Sindora Bhd and Kulim (M) Bhd, both controlled by Johor Corp Bhd, the investment ar...

Insider Moves: Avangaad Bhd, Greatech Technology Bhd, Inari Amertron Bhd, Johor Plantations Group Bhd, Southern Cable Group Bhd, IJM Corp Bhd

Gamuda Bhd (KL:GAMUDA) has signed an agreement with the Perak government to develop and operate the Northern Perak Water Supply Scheme, which will transfer up to 1,500 million litres per day (MLD) of raw water from Sungai Perak to Bukit Merah Dam.

Gamuda signs agreement with Perak government for 1,500 million litres per day water supply scheme

At a meeting on Sunday afternoon involving officials from Indonesia’s Financial Services Authority and the country’s stock exchange, some attendees were surprised to see several prominent Instagrammers present.

Indonesia’s influencer strategy jars investors facing MSCI risk

Prime Minister Datuk Seri Anwar Ibrahim on Tuesday denied that prosecutions over questionable transactions in the Federal Land Development Authority (Felda) were selective, saying that investigations needed time but were never blocked.

Anwar rejects selective prosecution claims in Felda probe, says investigations take time

A waiver of export tax on palm oil reportedly under consideration could help Malaysia claw back some market share from Indonesia, an analyst said on Tuesday.

Palm oil export tax waiver could help Malaysia regain market share, says analyst

The Securities Commission Malaysia has extended the deadline to Nov 30 for major shareholders MISC Bhd (KL:MISC) and the Employees Provident Fund (EPF) to announce whether they intend to take Yinson Holdings Bhd (KL:YINSON) private. 
&nbsp;

SC extends deadline to Nov 30 for MISC, EPF to declare intention on Yinson privatisation

Zetrix AI Bhd (KL:ZETRIX) managing director Wong Thean Soon (TS Wong) has offloaded another 3.13 million shares, bringing his stake down to 1.85%.&nbsp; 
&nbsp;

Zetrix AI MD TS Wong's stake down to 1.85% 

Data centre-related projects account for nearly half of ACE Market-bound SKA Capital Bhd's RM313.4 million outstanding order book, as the group eyes more contracts from the fast-growing sector.

ACE Market-bound SKA Capital eyes another RM500m in data centre-linked jobs to swell RM313m order book

Oil advanced on Tuesday, with Brent reaching a five-month high, as traders priced in a geopolitical risk premium from Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf.

Brent hits five-month high as attacks on ships, Saudi sites fuel supply worries

Alphabet's Google said on Tuesday its cloud services in the UK were back up after an hours-long outage that disrupted several financial firms and public-sector websites.

Google Cloud outage in UK eases after impacting digital banks, public sector websites

Amazon said on Tuesday it plans to hire more than 300,000 workers for the US holiday season, marking the first increase in recruitment for the period in three years as the online retailer prepares for a surge in orders.

Amazon to recruit over 300,000 workers for holiday season in first hiring jump in three years

Net profit growth at China's CATL slowed sharply in the third quarter, hit by fierce competition in the electric vehicle battery market as China's auto sales growth cooled.

China's CATL 3Q profit growth slowest in nearly two years as competition intensifies

Hilton Worldwide plans to transfer its stock listing from the NYSE to Nasdaq, the hotel operator said on Tuesday, as companies increasingly view the tech-heavy exchange as a way to boost visibility among growth-focused investors.

Hilton to move stock listing to Nasdaq

Prudential Financial said on Tuesday it would sell its Brazil and Mexico units to French insurance group CNP Assurances Group for US$4.03 billion (RM16.5 billion) in cash as part of its ongoing push to simplify its business.

Prudential sheds Brazil, Mexico units to CNP for US$4b as it narrows its focus

The global sugar market supply deficit, or the gap between production and demand, was projected on Tuesday to grow to 6.28 million tonnes, three million tonnes more than a previous estimate, according to market analyst Green Pool Commodities.

reuters

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

reuters

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌