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Oil falls for a second day as oversupply concerns dominate
https://www.thestar.com.my/business/business-news/2025/10/21/oil-falls-for-a-second-day-as-oversupply-concerns-dominate

OIL prices fell for a second day on Tuesday as concerns about excess supply and risks to demand stemming from tensions between the U.S. and China, the world's top two oil consumers, weigh on the market. Read full story (https://www.thestar.com.my/business/business-news/2025/10/21/oil-falls-for-a-second-day-as-oversupply-concerns-dominate)
CIMB Thai posts net profit of THB1.83bil in 9M25
https://www.thestar.com.my/business/business-news/2025/10/21/cimb-thai-posts-net-profit-of-thb183bil-in-9m25

KUALA LUMPUR: CIMB Thai Bank PCL, a 94.83% indirectly held subsidiary of CIMB Group Holdings Bhd, posted a 3.2% drop in net profit year-on-year (y-o-y) to THB1.83bil (RM237.13mil) for the nine months ended Sept 30, 2025, on the back of a 59.5% increase in expected credit loss (ECL). Read full story (https://www.thestar.com.my/business/business-news/2025/10/21/cimb-thai-posts-net-profit-of-thb183bil-in-9m25)
Malaysia automotive sales drop 20% in September
https://www.thestar.com.my/business/business-news/2025/10/21/malaysia-automotive-sales-drop-20-in-september

KUALA LUMPUR: Sales for Malaysia's automotive sector fell 20% to 58,490 units in September, compared with 67,302 units in August, according to the Malaysian Automotive Association (MAA). Read full story (https://www.thestar.com.my/business/business-news/2025/10/21/malaysia-automotive-sales-drop-20-in-september)
Australian banker wins right to work from home every day
https://www.thestar.com.my/business/business-news/2025/10/21/australian-banker-wins-right-to-work-from-home-every-day

SYDNEY: An Australian retail bank employee has been granted the right to work from home all the time by the country's labour tribunal, as industry bosses urge more workers to return to the office. Read full story (https://www.thestar.com.my/business/business-news/2025/10/21/australian-banker-wins-right-to-work-from-home-every-day)
TNG Digital appoints Syed Zaid Albar as chairman
https://www.thestar.com.my/business/business-news/2025/10/21/tng-digital-appoints-syed-zaid-albar-as-chairman

PETALING JAYA: TNG Digital Sdn Bhd, the operator of TNG eWallet, has announced the appointment of Datuk Syed Zaid Albar as its chairman and non-independent non-executive director, effective Oct 17, 2025. Read full story (https://www.thestar.com.my/business/business-news/2025/10/21/tng-digital-appoints-syed-zaid-albar-as-chairman)
MKH Oil Palm unit approved as foreign-owned entity in Indonesia
https://www.thestar.com.my/business/business-news/2025/10/21/mkh-oil-palm-unit-approved-as-foreign-owned-entity-in-indonesia

KUALA LUMPUR: MKH Oil Palm (East Kalimantan) Bhd said its Indonesian subsidiary, PT Tunas Tani Tutus (PT Tunas), has received approval from Indonesia's Ministry of Law on Oct 20, 2025, to convert from a domestic company to a foreign-owned entity. Read full story (https://www.thestar.com.my/business/business-news/2025/10/21/mkh-oil-palm-unit-approved-as-foreign-owned-entity-in-indonesia)
Shin Yang acquires Sabah land for RM26.6mil
https://www.thestar.com.my/business/business-news/2025/10/21/shin-yang-acquires-sabah-land-for-rm266mil

PETALING JAYA: Shin Yang Group Bhd is acquiring a 5.37-hectare parcel of leasehold industrial land off Sepanggar Bay, Kota Kinabalu, Sabah, together with a workshop building, for RM26.6mil from a related company, Shin Yang Sdn Bhd. Read full story (https://www.thestar.com.my/business/business-news/2025/10/21/shin-yang-acquires-sabah-land-for-rm266mil)
Ringgit edges lower against greenback, stronger versus major currencies
https://www.thestar.com.my/business/business-news/2025/10/21/ringgit-edges-lower-against-greenback-stronger-versus-major-currencies

KUALA LUMPUR: The ringgit ended marginally lower against the US dollar today as the greenback strengthened amid renewed optimism that the United States (US) and China may reach a trade deal soon, said an economist. Read full story (https://www.thestar.com.my/business/business-news/2025/10/21/ringgit-edges-lower-against-greenback-stronger-versus-major-currencies)
Rapid Synergy disposes of land for RM35mil
https://www.thestar.com.my/business/business-news/2025/10/21/rapid-synergy-disposes-of-land-for-rm35mil

PETALING JAYA: Rapid Synergy Bhd (RSB) is disposing of two parcels of leasehold land (with buildings erected thereon) totalling 17,013 sq metres in the district of Barat Daya, Penang, to Osram Opto Semiconductors (Malaysia) Sdn Bhd for RM35mil. Read full story (https://www.thestar.com.my/business/business-news/2025/10/21/rapid-synergy-disposes-of-land-for-rm35mil)
Exsim wins RM17.6mil apartment job
https://www.thestar.com.my/business/business-news/2025/10/21/exsim-wins-rm176mil-apartment-job

PETALING JAYA: Exsim Hospitality Bhd has accepted a letter of award from Binastra Builders Sdn Bhd for sub-contract works for the supply, fabrication, delivery and installation of carpentry works to apartment units, worth RM17.64mil. Read full story (https://www.thestar.com.my/business/business-news/2025/10/21/exsim-wins-rm176mil-apartment-job)
Foodie Media inks IPO deal
https://www.thestar.com.my/business/business-news/2025/10/22/foodie-media-inks-ipo-deal

Foodie Media Bhd has signed an underwriting agreement with Maybank Investment Bank Bhd for its initial public offering (IPO) and proposed listing on the ACE Market of Bursa Malaysia. Read full story (https://www.thestar.com.my/business/business-news/2025/10/22/foodie-media-inks-ipo-deal)
Shin Yang Group buys RM27mil land
https://www.thestar.com.my/business/business-news/2025/10/22/shin-yang-group-buys-rm27mil-land

Shin Yang Group Bhd is acquiring a 5.37-ha parcel of leasehold industrial land off Sepanggar Bay, Kota Kinabalu, Sabah, together with a workshop building, for RM26.6mil from a related company, Shin Yang Sdn Bhd. Read full story (https://www.thestar.com.my/business/business-news/2025/10/22/shin-yang-group-buys-rm27mil-land)
Rapid Synergy disposes of Penang land
https://www.thestar.com.my/business/business-news/2025/10/22/rapid-synergy-disposes-of-penang-land

Rapid Synergy Bhd (RSB) is disposing of two parcels of leasehold land (with buildings erected thereon) totalling 17,013 sq m in the district of Barat Daya, Penang, to Osram Opto Semiconductors (M) Sdn Bhd for RM35mil. Read full story (https://www.thestar.com.my/business/business-news/2025/10/22/rapid-synergy-disposes-of-penang-land)
Pantech eyes growth amid cost, sales pressures
https://www.thestar.com.my/business/business-news/2025/10/22/pantech-eyes-growth-amid-cost-sales-pressures

Pantech Group Holdings Bhd remains cautiously optimistic about its outlook for the financial year ending Feb 28, 2026 (FY26), supported by steady demand from the oil and gas (O&G), petrochemical and industrial sectors, even as it navigates softer sales and cost pressures. Read full story (https://www.thestar.com.my/business/business-news/2025/10/22/pantech-eyes-growth-amid-cost-sales-pressures)
Ancom Nylex delivers despite ‘difficult’ conditions
https://www.thestar.com.my/business/business-news/2025/10/22/ancom-nylex-delivers-despite-difficult-conditions

Ancom Nylex Bhd believes it must remain vigilant in light of what it described as a difficult business operating environment, stemming from heightened trade tensions and ongoing policy uncertainties. Read full story (https://www.thestar.com.my/business/business-news/2025/10/22/ancom-nylex-delivers-despite-difficult-conditions)
2025/10/22 02:27:12
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