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Budget 2027: RM83 Bln Development Expenditure Boosts Growth, Infrastructure

KUALA LUMPUR, Oct 16 (Bernama) -- Malaysia’s RM83 billion development expenditure allocation under Budget 2027 offers an opportunity to strengthen the country’s economic foundations, expand business opportunities and support sustainable growth, according to Malaysian Rating Corporation Bhd (MARC).

YYForce Launches AI Staffing Platform For Singapore Businesses

KUALA LUMPUR, Oct 16 (Bernama) -- YYForce Inc (YYForce), a technology-enabled provider of workforce solutions and integrated facility management services, has launched Yolara AI, an artificial intelligence (AI)-powered workforce platform for frontline businesses in Singapore.

Selangor Aims To Become National, ASEAN Care Industry Hub By 2030

KUALA LUMPUR, Oct 16 (Bernama) -- Selangor aims to become a care industry hub at both the national and ASEAN levels by 2030, as the state prepares for an ageing population.

RHB Keeps Malaysia’s 2027 GDP Growth Forecast At 4.9 Pct On Supportive Budget

KUALA LUMPUR, Oct 16 (Bernama) -- RHB Bank Bhd has maintained its 2027 gross domestic product (GDP) growth forecast for Malaysia at 4.9 per cent, following the tabling of Budget 2027.

Zetrix AI Shares Fall 7.69 Pct On Potential Sukuk Covenant Breach Risk 

KUALA LUMPUR, Oct 16 (Bernama) -- Zetrix AI Bhd’s share price fell 7.69 per cent, or half a sen, on Friday following news of a potential covenant breach under its RM2 billion Sukuk Wakalah Programme.

Bursa Malaysia Remains Lower At Mid-Afternoon

KUALA LUMPUR, Oct 16 (Bernama) -- Bursa Malaysia stayed lower in mid-afternoon trading on persistent selling in selected heavyweight counters.

MITI To Boost Industrial Competitiveness, Capabilities Of Local Companies Through Budget 2027

KUALA LUMPUR, Oct 16 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI) places emphasis on efforts to strengthen industrial competitiveness and improve the capabilities of local companies through initiatives under the MADANI Budget 2027.

BioLab Holdings Rebrands As EmeraNova, Eyes Global Expansion 

KUALA LUMPUR, Oct 16 (Bernama) -- BioLab Holdings has rebranded as EmeraNova, as it widens its focus from chronic wound care to tissue restoration across medical specialities, healing phases and care settings.

Indonesia Stock Exchange Halts Trading After Key Index Plunges Eight Pct

By Nik Nurfaqih Nik Wil

JAKARTA, Oct 16 (Bernama) -- Trading on the Indonesia Stock Exchange (IDX) was temporarily halted for 30 minutes on Friday morning after the Jakarta Composite Index (IHSG) plunged eight per cent.

Pahang Secures 12 Investment Commitments Worth RM421 Mln At SIBS 2026

KUALA LUMPUR, Oct 16 (Bernama) -- The Pahang state government has secured 12 investment commitment agreements worth RM421 million at the Selangor International Business Summit (SIBS) 2026.

Chery’s LEPAS L6 EV To Go Global After Thailand Launch

KUALA LUMPUR, Oct 16 (Bernama) -- Chery Auto’s premium new energy vehicle (NEV) brand LEPAS will take its L6 EV on its first global drive from Shanghai on Oct 19, as the electric sport utility vehicle (SUV) expands beyond Thailand, where it launched in July.

A.P. Moller Capital To Buy Singapore Port Operator Portek

KUALA LUMPUR, Oct 16 (Bernama) -- A.P. Moller Capital, a global institutional fund manager, has agreed to acquire 100 per cent of Singapore-based ports operator Portek International Pte Ltd (Portek) from Japan’s Mitsui & Co Ltd (Mitsui) through its Emerging Markets Infrastructure Fund II (EMIF II).