LATEST NEWS   PM Anwar wants to renegotiate Anthony Loke’s resignation as Transport Minister | Jensen Huang resigns as NVIDIA president, chief executive officer, board member with immediate effect -- report | 

Economy

Penang Tables RM1.074 Bln Budget For 2027 With Lowest Deficit Of RM5.62 Mln

GEORGE TOWN, Oct 30 (Bernama) -- The Penang state government today tabled its budget for 2027 amounting to RM1.074 billion, comprising RM1.042 billion for operating expenditure and RM280.17 million for development expenditure.

IGB REIT's 3Q Net Profit Rises To RM144.15 Mln

KUALA LUMPUR, Oct 30 (Bernama) -- IGB Real Estate Investment Trust (IGB REIT) posted a higher net profit of RM144.15 million for the third quarter ended Sept 30, 2026 (3Q 2026), from RM95.62 million in the corresponding quarter last year.

Mi Technovation Unit To Acquire KHL Building In Singapore For SG$103.88 Mln

KUALA LUMPUR, Oct 30 (Bernama) -- Mi Technovation Bhd's wholly owned subsidiary, Ohima  International Pte Ltd, has entered into a conditional sale and purchase agreement to acquire a seven-storey light industrial development located at New Industrial Road, KHL Building, in Singapore, for S$103.88 million (RM331.80 million) in cash.

Cuscapi Proposes RM190 Mln Capital Reduction, 15 Pct Share Scheme

KUALA LUMPUR, Oct 30 (Bernama) -- Cuscapi Bhd has proposed a share capital reduction (SCR) of up to RM190 million pursuant to Section 117 of the Companies Act 2016.

KTMB's Freight Revenue Rises 10 Pct To RM96 Mln In 9M 2026

KUALA LUMPUR, Oct 30 (Bernama) -- Keretapi Tanah Melayu Bhd (KTMB) continues to strengthen its freight business, recording RM96 million in revenue for the first nine months (9M) of 2026, up 10 per cent from the same period last year.

CAN Trader, Guidance Marine Partner On Offshore Vessel Tech

KUALA LUMPUR, Oct 30 (Bernama) -- CAN Trader & Services Pte Ltd (CAN Trader), a Singapore-based marine electronics and systems integration company, has partnered with Guidance Marine, a provider of position reference technology for dynamic positioning (DP) systems used in the maritime and offshore industries.

Uni-Fuels To Consolidate Shares 1-for-10 From Nov 3

KUALA LUMPUR, Oct 30 (Bernama) -- Singapore-headquartered marine fuel solutions provider, Uni-Fuels Holdings Limited (Uni-Fuels) will consolidate its shares at a ratio of one-for-10, effective Nov 3, 2026.

&Truth Launches With US$70 Mln, Sets Up Singapore HQ

KUALA LUMPUR, Oct 30 (Bernama) -- Start-up developing technology to mathematically prove that software code is safe, &Truth, has emerged from stealth with US$70 million in seed funding and set up its international headquarters in Singapore. (US$1 = RM4.05)

MICCI Facilitates Malaysia-Palestine Trade Ties Through Palestine's Halal Recognition By JAKIM

KUALA LUMPUR, Oct 30 (Bernama) -- The Malaysian International Chamber of Commerce and Industry (MICCI) has helped strengthen trade ties between Malaysia and Palestine after the Department of Islamic Development Malaysia (JAKIM) recognised the Palestine Standards Institution (PSI) as a recognised foreign halal certification body in Palestine.

AM Best Sees Resilient Asia Pacific Insurance Sector

KUALA LUMPUR, Oct 30 (Bernama) -- Global credit rating agency, AM Best has published its analysis of 17 insurance markets in Asia Pacific, assessing the economic, political and financial system risks in each, to coincide with the Singapore International Reinsurance Conference.

Public Mutual Declares Over RM89 Mln Distributions For Four Funds

KUALA LUMPUR, Oct 30 (Bernama) -- Public Mutual Bhd has declared distributions amounting to more than RM89 million for four funds as at Oct 31, 2026.

Xsolla: Local Payments Key To Southeast Asia Gaming Growth

KUALA LUMPUR, Oct 30 (Bernama) -- Indonesia, Thailand and Vietnam generated about US$3.8 billion in video game revenue, or 68.5 per cent of Southeast Asia’s spending on mobile and personal computer (PC) games, according to a report by global video game commerce company Xsolla and Niko Partners. (US$1 = RM4.05)