In today’s episode, we track a wave of bold corporate shifts, evolving policy signals, and rising global tensions. From Genting’s privatization bid to AI chip crackdowns and energy megadeals, the week reveals a balancing act between domestic momentum and external risks.

Malaysian Corporate & Market Developments

💼 Genting Moves to Privatize Genting MalaysiaOffer crosses 50% threshold, making delisting likely as parent aims for streamlined control and structure.

🛢️ Petronas & ENI Form $15B Upstream JVRegional energy push kicks off with 300k bpd production; target is 500k. New entity spans Malaysia and Indonesia.

✈️ Capital A Plans Bahrain Hub to Link ASEAN & BeyondMiddle East expansion includes MRO, logistics, and 25 daily flights by 2030 — connecting Asia to Europe, Africa.

🌱 Wasco Green Energy Preps December IPOShareholders approve spin-off. Up to 37% stake on offer to fund industrial decarbonization projects.

🐔 Farmiera IPO Sees Strong Retail DemandOversubscription signals appetite for consumer staples despite wider market volatility.

📉 MMAG Holdings Hits Limit Down; Director QuitsSharp drop triggers UMA query. Company cites no known reason amid executive departure.

🚨 Destini Faces Suspension Over Late ReportingAnnual report delays could cost listing status despite return to profit. Deadline looms on Nov 7.

Political & Policy Headlines

🏭 October PMI Slips to 49.5 Amid Softer OrdersFactory activity contracts slightly, but Q3 GDP grows 5.2%. Sentiment still upbeat among manufacturers.

💸 Tax Overpayment Offsets ScrappedFirms can no longer carry forward excess payments. Gov’t pushes for better upfront estimates, revisable thrice a year.

⛽ Fuel Subsidy Scheme for E-Hailing Drivers TweakedBudi 95 program adjusts eligibility this month. Current cap at 600L/month for full-timers under review.

🏥 ‘Rakan KKM’ Premium Service Launches in CyberjayaHealth ministry to roll out paid tier in public hospitals. Aims: retain talent, generate revenue — but faces two-tier criticism.

🚆 RTS Link Enters Testing Phase in DecemberJB-Singapore rail project remains on track for Jan 2027 opening. Bukit Chagar station construction completed.

Global & Geopolitical Outlook

📃 Mahathir Critiques US Trade Pact; Gov’t RespondsFormer PM claims constitutional breach. AGC cites exit clause under Article 7.5 as safeguard.

🌴 EUDR Threatens Palm Oil Exports, MPOB WarnsEU regulation seen as biased; CPO prices remain firm at RM4,300–4,600/tonne due to delayed peak output.

💻 Nvidia AI Chips Reserved for US Firms OnlyTrump-era policy shift blocks China from latest Blackwell chips. Global tech supply chains brace for ripple effects.

📊 Global Factories Struggle; US Tariffs BlamedSurveys show export orders slowing. Pricing and uncertainty linked to tightening trade policies.

🎧 Listen Now for a deep dive into Malaysia’s financial gems and global trends shaping 2025!

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