- Anwar Says Unnamed Investor Plans US$50B Malaysia AI Push
Prime Minister Anwar says an unnamed global investor intends a US$50 billion AI and data-centre investment across Sarawak and Peninsular Malaysia, with no deal timetable disclosed.
- Meta Faces US$25 Billion Penalty in New Mexico Privacy Case
Meta faces a US$25 billion New Mexico penalty over Facebook privacy claims, but says it will appeal, leaving the amount and any eventual payment uncertain.
- UN Climate Fund Sets Aside US$21.6M for Nepal Flood Recovery
The UN climate fund provisionally set aside US$21.6 million for Nepal, a first allocation against an estimated US$4.7 billion recovery bill after catastrophic floods.
- Malaysia Gold Price: GB Gold Quotes RM566 Per Gram Saturday
Malaysia gold price quotes differ by product on Saturday, with GB Gold listing a 999.9 bar at RM566 per gram to buy and RM526.38 on buyback.
- UK Consumer Confidence Falls 11 Points as Budget Nears
UK consumer confidence dropped 11 points to -24 in October, its steepest fall since 2016 outside the pandemic, adding pressure on households and the chancellor before next week’s B
- Brent Crude Nears US$115 as Gulf Attacks Raise Supply Fears
Brent crude futures reached a five-month high near US$115 as fresh Gulf attacks and stalled diplomacy revived concerns over energy supply and fuel costs.
- US Health Insurance Costs Push Worker Payments Up 9%
Workers’ average contribution toward employer family health coverage rose 9% to $7,471 in 2026, while total premiums climbed 5%, according to KFF’s annual survey.
- Malaysia Gold Price Falls RM426 as Kijang Emas Slides
Bank Negara Malaysia cut the one-ounce Kijang Emas selling quote RM426 to RM17,432 on Friday, while local 999.9 dealer prices and international spot gold also fell.
- Peacock Profit Hits US$261 Million as Comcast Loses 144,000 Broadband Users
Peacock posted US$261 million of quarterly profit as Comcast lost 144,000 domestic broadband customers.
- Spotify Subscribers Hit 306 Million as Q3 Revenue Rises 16%
Spotify reached 306 million Premium subscribers as third-quarter revenue rose 16% to €4.97 billion.
- Abbott to Spin Off US$8.5 Billion Nutrition Business
Abbott plans to separate its US$8.5 billion Nutrition business into a public company by the end of 2027.
- Asian Stocks Slide as Nikkei Falls 1.6% and Brent Tops $110
Asian stocks fell as the Nikkei lost 1.6%, the Kospi dropped 2.6% and Brent crude moved back above US$110.
- Meta Revenue Jumps 26% as Muse Tops 10 Million Accounts
Meta Q3 revenue rose 26% to US$64.6 billion as Muse passed 10 million accounts and AI spending stayed elevated.
- Tesla Profit Falls 43% as Free Cash Flow Hits US$1.53 Billion
Tesla's Q3 profit fell 43% to US$787 million, but free cash flow rebounded to US$1.53 billion as margins improved.
- Malaysia Gold Price 22 Oct: Kijang Emas Rises RM34
Bank Negara Malaysia raises the one-ounce Kijang Emas selling price by RM34 to RM17,858 as global gold steadies near US$4,138.
- Netflix Stock Falls 6% as Ad Sales Forecast Drops to US$2.7 Billion
Netflix stock fell about 6% after the streamer cut its 2026 advertising revenue forecast to roughly US$2.7 billion.
- Getty Images Files Chapter 11 With US$533 Million Rescue Plan
Getty Images begins a prepackaged Chapter 11 process backed by up to US$533 million as it prepares to go private.
- NWE Resources Opens 10% Higher in Bursa ACE Debut
NWE Resources opens at 22 sen, 10% above its IPO price, as the hospitality and health-products supplier debuts on Bursa's ACE Market.
- Interpol Red Notice Issued for Serba Dinamik Founder
Prime Minister Anwar Ibrahim says Interpol has issued a Red Notice for Serba Dinamik founder Mohd Abdul Karim Abdullah.
- SpaceX Profit Hits $4.4 Billion as Musk Floats Tesla Merger
SpaceX swings to a $4.4 billion quarterly profit as AI revenue surges, while Musk says independent committees are discussing a Tesla merger.
- Malaysia Gold Price 21 Oct: Kijang Emas Falls RM89
Maybank cuts its one-ounce Kijang Emas selling price by RM89 to RM17,824 as Malaysia's 999 spot reference slips to RM542.09 per gram.
- Bank Negara Launches SSDS+ for Tokenised Bonds and Sukuk
Bank Negara Malaysia has launched SSDS+, linking tokenised bond and sukuk infrastructure with round-the-clock central-bank settlement.
- Micron Taiwan Union Sets Oct. 22 Strike as AI Memory Pay Dispute Escalates
Micron workers in Taoyuan will strike on 22 October as Taiwan unions press for a permanent profit-sharing system.
- Trump Announces US$8B Harvest Fuel Relief as Diesel Costs Climb
Trump announces US$8 billion in one-time harvest fuel relief for US farmers as diesel costs rise, with payment details still to come.
- Microsoft Exits Nscale UK AI Data-Centre Deal as Power Slips to 2030s
Microsoft exits Nscale's Loughton AI data-centre project after grid delays push expected power access into the 2030s.
- Alibaba Backs Neolix's $400M Raise After Malaysia RoboVan Approval
Neolix raises nearly US$400 million with Alibaba-linked backing as its Cyberjaya RoboVan approval connects Malaysia to its global expansion.
- Jio IPO Anchor Bids Hit $26.3 Billion as GIC Joins Rush
Jio Platforms draws US$26.3 billion in anchor bids, more than 30 times the quota, as GIC, BlackRock and other global funds seek shares.
- Malaysia Gold Price 20 Oct: Kijang Emas Falls RM198
Maybank cuts its one-ounce Kijang Emas selling price by RM198 to RM17,913 as Malaysia's 999 spot reference slips toward RM543 per gram.
- IHSG Closes Below 5,000 as Indonesia Selloff Extends
Indonesia's IHSG closes down 3.64% at 4,996.60 after touching 4,907.37, as MSCI downgrade concerns keep pressure on Jakarta stocks.
- Malaysia Economy Grows 5.3% in Q3 as Manufacturing Hits 7.5%
Malaysia's economy grew 5.3% in Q3 2026 as manufacturing accelerated to 7.5% and data-centre projects supported construction.
- China GDP Growth Rebounds to 4.5% as Exports Surge
China's economy grows 4.5% in Q3, beating forecasts as exports and factory output offset weak consumption and property investment.
- US Budget Deficit Jumps 12% to $1.99 Trillion as Interest Costs Hit Record
The US budget deficit widened 12.2% to $1.992 trillion in fiscal 2026 as spending and record debt-service costs outpaced revenue growth.
- Trump Waives Russia Sanctions and Energy Tariffs Before Deadline
Trump has waived new Russia sanctions and energy-linked tariffs before they took effect, citing the national interest as oil-price pressure builds.
- iPhone Duo Preorders Open in Malaysia From RM9,499
Apple has opened iPhone Duo preorders in Malaysia from RM9,499, with its first foldable iPhone scheduled to arrive on 23 October.
- Tesla Roadster Flies With SpaceX Thrusters, but Production Waits Until 2028
Tesla's Roadster prototype completed a powered jump and mid-air roll, but customer production remains targeted for 2028 and road approval is unresolved.
- Malaysia Gold Price 17 Oct: Spot Slips 0.31% After Weekly Fall
Malaysia's 999 gold spot reference slips to RM548.40 per gram on 17 October as Kijang Emas ends the week 1% lower.
- Houthi Attack on Yemen Presidential Palace Kills 5, Wounds 16
A Houthi missile-and-drone attack on Yemen's presidential palace complex in Aden killed five people and wounded 16.
- Indonesia Stocks Plunge Over 10% as MSCI Warns of Standalone Downgrade
Indonesia's stock market plunged more than 10% after MSCI proposed moving it from emerging-market to standalone status.
- Malaysia Gold Price 16 Oct: Kijang Emas Rebounds RM139
Maybank lists one-ounce Kijang Emas at RM17,991 on 16 October, up RM139 as Malaysia gold prices recover from Thursday's decline.
- CelcomDigi Pays RM381.75M for New Mobile Spectrum
CelcomDigi paid RM381.75 million for new 900MHz and 2600MHz spectrum aimed at improving mobile capacity, coverage and service quality.