Business & CompaniesIndonesia
Astra plans tender offer to lift stake in Astra Otoparts
The proposed purchase would cost about Rp858 billion if fully taken up, while Astra says it will maintain a minimum public shareholding of 15%.
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- MarketsMalaysia
IOI Properties signs underwriting deal for proposed Malaysian REIT listing
IOIPG Malaysia REIT expects to issue its prospectus in the fourth quarter of 2026 before listing on Bursa Malaysia’s Main Market.
- MarketsMalaysia
Bank shares help Bursa Malaysia benchmark gain 0.59 per cent
The FBM KLCI finished at 1,618.01 on October 12, although declining stocks outnumbered advances across the broader market.
- EconomyMalaysia
Malaysia yet to finalise 2027 electricity subsidy arrangements
The current scheme lasts until 31 December and aims to prevent higher electricity bills for about 85 per cent of households.
- EconomyMalaysia
Malaysia aims for 3.3 per cent fiscal deficit in 2027
The government plans to lower the deficit to 3 per cent by 2028, while expecting its subsidy allocation to remain around RM40 billion in 2027.
- EconomyIndonesia
Indonesia pledges no subsidised fuel price rise through December 2026
Non-subsidised fuel prices will continue to track international markets, while the government seeks crude supplies from multiple countries.
SM+ signs deal to acquire five PDG data centres in Indonesia
The Sinar Mas-backed investment platform will acquire operating facilities in Greater Jakarta, Bandung, Surabaya and Pekanbaru.
- PropertyPhilippines
Golden TW considers second Boracay hotel and luxury villas
The proposed accommodation phase could include about 100 units, while a separate shopping complex is targeted for the first quarter of 2027.
Philippines urges closer ASEAN ties to strengthen food security
Agriculture Secretary Francisco Tiu Laurel Jr. said trade arrangements and investment between ASEAN members could help address shortages when domestic output is strained.
Malaysia to raise haze response gaps at ASEAN ministers’ meeting
Foreign Minister Mohamad Hasan says haze falls outside ASEAN’s existing natural-disaster mechanisms, while poor visibility is hampering firefighting in Indonesia.
