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.

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.

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.

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.

Sabah & Sarawak

QuickCheck: Is it true that a beetle was named after Tun Dr Siti Hasmah?

PETALING JAYA: Whenever researchers or scientists discover a new species, they name the flora or fauna based on circumstances such as geographic location, behaviour or patterns.

World

Magnitude 6 earthquake strikes Panama, EMSC says

PANAMA CITY, ⁠Oct 12 (Reuters) - An earthquake of ⁠magnitude 6 struck Panama on ‌Monday, the European-Mediterranean Seismological Centre (EMSC) said.

World

Saudi warning system stayed silent before deadly airport attacks

RIYADH, Oct 13 (Reuters) - Saudi Arabia stopped issuing public warnings of imminent military attacks days ⁠before a series of deadly strikes on Riyadh airport that killed at least 18 people and wounded more than 300.

Letters

Schools are shut. Is your child actually safer at home?

From DATUK DR AMAR-SINGH HSS, consultant paediatrician, child & disability activist

Technology

US AI testing agency officials to move to White House, The Information reports

Oct 12 (Reuters) - President Donald ⁠Trump's administration is planning to move three senior ⁠officials from the Center for Advancing Innovation and ‌Standards for Super Intelligence (CAISSI) to the White House, news website The Information reported on Monday, citing a White House official.

Technology

Dating app Bumble in advanced talks to go private at $1 billion valuation, source says

Oct 12 (Reuters) - Bumble is in advanced talks to be taken private by Ithaca ⁠Holdings in a deal valuing the dating app operator at roughly $1 billion, a ‌source familiar with the matter told Reuters on Monday.

Technology

Meta releases Muse Wonder AI models to challenge Anthropic and OpenAI

Oct 12 (Reuters) - Meta ⁠on Monday launched Muse Wonder and ⁠Muse Wonder Full, calling them its most ‌capable AI models yet, as the social media firm looks to compete more forcefully with OpenAI and Anthropic.

Corporate News

IJM Corp secures RM1.23bil project in Kulim

PETALING JAYA: IJM Corp Bhd, via its wholly-owned subsidiary IJM Construction Sdn Bhd, has secured a letter of award from AT&S Austria Technologie & Systemtechnik (Malaysia) Sdn Bhd for the manufacturing facilities construction project in Kulim Hi-Tech Park, Kedah, worth RM1.23bil.