Nation

Over 25,000 foreigners detained in nationwide crackdown on illegal business operations

KUALA LUMPUR: More than 25,000 foreign nationals have been arrested across Malaysia in connection with illegal business operations between 2024 and September 30, 2026, the Dewan Rakyat was told on Tuesday (Oct 13).

Markets

Asian stocks dive as focus on earnings, geopolitics  

SINGAPORE: Asian equities fell sharply on Tuesday led by technology shares as a widening conflict in the Middle East kept oil prices elevated, supporting the dollar ahead of an earnings season that will set the tone for the rest of the year.

Commodities

Oil ticks lower as Russia diesel supply prospects counter Gulf supply risks

OIL prices edged lower on Tuesday after climbing by nearly $2 a barrel in the previous session, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.

Nation

Carbon capture pilot at East Coast steel plant to wrap up by end-2027, says ministry

KUALA LUMPUR: A carbon capture pilot project at an East Coast steel plant is set to conclude by the end of 2027, yielding critical cost and emissions data to guide the decarbonisation of Malaysia's industrial sector, according to the Investment, Trade and Industry Ministry.

Indonesia

Prabowo orders tougher action on Indonesia fires; foreign offers to help tackle haze not discussed

JAKARTA: Indonesian President Prabowo Subianto has ordered more action to fight forest and land fires that have sent thick haze to Singapore and Malaysia, but offers of help from the two countries were not discussed at a meeting he chaired on Oct 12.

Thailand

A silent future? Bangkok debates banning motorised tuk-tuks

BANGKOK: Tuk-tuks are everywhere in Bangkok. The rattle of the iconic three-wheeled rickshaws dominates much of the Thai capital, and taking a ride in one of the colourful open-top vehicles is a must-do for any self-respecting tourist.

Technology

NYT, Economist among publishers joining coalition to curb unpaid AI use

Oct 12 (Reuters) - The New York ⁠Times, Agence France-Presse and The Economist on Monday joined more ⁠than 40 publishers in a coalition aimed at preventing AI firms ‌from using or profiting from their content without permission.

Markets

Profit-taking halts rebound on FBM KLCI

KUALA LUMPUR: The FBM KLCI is seeing some profit-taking pressure despite improved domestic sentiment following the tabling of Budget 2027.

Nation

Cybercrime Act to be enforced in early 2027, says Home Ministry

KUALA LUMPUR: The proposed Cybercrime Act is expected to be enforced in early 2027, according to the Home Ministry.

Entertainment

Action star Jet Li denies abandoning first family, says he left past marriage with nothing

Li says he gave all his assets and properties to his ex-wife after their divorce to ensure she had financial security, while also shouldering the expenses of raising their two older daughters.

Cybersecurity

French supermarket chains say cyberattack forced refrigerator shutdown

Major French supermarket chains Intermarché and Cooperative U were hit by a cyberattack that caused their refrigerators to defrost, the two retailers told AFP on Oct 12.

Arts

Stolen Renoir paintings found behind wall in France

The paintings were so well concealed behind a solid cinder-block wall that they were found only on a second search

Economy

Japan's wholesale inflation remains elevated, keeps alive BOJ rate-hike view

TOKYO: Japan's wholesale prices rose 6.8% in the year to September, according to data released on Tuesday, slowing from the previous month but highlighting mounting inflationary pressure that keeps alive market expectations of a near-term interest rate hike.

Nation

Form 2 student struck, killed by lightning in Pasir Mas

PASIR MAS: A 14-year-old Form 2 student died on Monday afternoon (Oct 12) after being struck by lightning while returning from a fishing trip at a paddy field near Kampung Tasek Berangan, Repek, here.

Forex

Budget 2027 optimism lifts ringgit despite external headwinds

KUALA LUMPUR: The ringgit edged higher against the US dollar at the opening, buoyed by optimism surrounding Budget 2027.

Nation

Motorcyclist killed after crashing into concrete barrier in Iskandar Puteri

ISKANDAR PUTERI: A 37-year-old motorcyclist was killed after losing control of his vehicle and crashing into a concrete barrier along KM29.4 of Jalan Johor Baru-Gelang Patah early Monday morning (Oct 12).

Nation

Minimum wage, Myanmar refugee registration among focus of Dewan Rakyat sitting Today

KUALA LUMPUR: The implementation of the RM2,000 minimum wage from June 2027, the registration of Myanmar refugees, and measures to address the humanitarian crisis in Gaza are among the key issues scheduled for discussion in the Dewan Rakyat on Tuesday (Oct 13).

Corporate News

Trading ideas: IOIPG, United Malacca, IJM, MN, Swift Energy, Kinergy, Zetrix, iCents, Infomina, LAC Med, Edelteq, Deleum, Tong Herr

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

World

Pope Leo to enter hospital on Tuesday for surgery on lung nodule

VATICAN CITY, Oct ⁠13 (Reuters) - Pope Leo was due to be hospitalised in Rome on Tuesday ⁠ahead of surgery to remove a small growth on one of his ‌lungs, in the first major health issue of his 17-month tenure.

Markets

Nasdaq ends lower as oil prices surge ahead of earnings, economic data

THE Nasdaq composite closed lower on Monday as oil prices jumped nearly $2 a barrelafter attacks on a Saudi airport, and investors waited for banks to kick off the third-quarter earnings season and for economic data this week.