1,630.87FBM KLCI · Fri 2 Oct close · +0.03% (+0.51 points)

DailyDrop.

RM4.082USD/MYR · Fri 2 Oct close · ringgit slightly firmer on the day
FBM KLCI1,630.87▲0.03%10/2USD/MYR4.08-10/2S&P 5007,722.72▲0.73%10/2WTI$91.11▼1.90%10/2Gold$4,162.30▼1.00%10/2
Sport · Formula 1Press ✓ 5 outlets · times and gaps per Reuters and Bernama

Verstappen wins a rain-hit Bahrain Grand Prix at Sepang, Malaysia’s first Formula 1 race since 2017

The start was delayed by more than 90 minutes, there were two safety-car periods and George Russell retired late. Kimi Antonelli finished second.

Max Verstappen won the Formula 1 Gulf Air Bahrain Grand Prix in Malaysia at the Sepang International Circuit on Sunday 4 October, his first win of the season, according to Bernama, BusinessDay (Reuters), Qatar Tribune, Khaleej Times and Click2Houston. He had also taken pole position on Saturday. The race was moved to Malaysia because of the conflict in the Middle East, and it brought Formula 1 back to Sepang for the first time since 2017.

Heavy rain delayed the start by more than 90 minutes, and a second delay followed when cars had software problems on the formation lap. The field ran two laps behind the safety car before a standing start. Verstappen lost places after a poor restart and regained them after a second safety car. Kimi Antonelli of Mercedes was second and Lewis Hamilton third for Ferrari, despite a tyre gamble that left him 18th at the start. George Russell was running third when a suspected power unit problem ended his race five laps from the end, which left Antonelli 84 points clear in the championship, according to the same reports. DailyDrop did not find an official attendance figure.

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By the numbers
90+ mindelay to the start because of rain (Reuters, Khaleej Times)
2017last time Formula 1 raced at Sepang (Bernama, Reuters)
84points between Antonelli and Russell after the race (Reuters)
Politics · ParliamentPress ✓ 2 outlets · schedule per Malay Mail and The Vibes

Dewan Rakyat reopens today, with Budget 2027 due on Friday

The next meeting of the Dewan Rakyat begins on Monday 5 October, and Prime Minister Datuk Seri Anwar Ibrahim, who is also Finance Minister, is due to table Budget 2027 on Friday 9 October, according to Malay Mail and The Vibes. It is the fifth Madani budget. Malay Mail noted that October is getting busier, with the Election Commission also due to set dates for the Melaka election on Wednesday.

The Vibes expected the Budget to dominate the sitting. Reports before the meeting also pointed to the Royal Commission of Inquiry report on Lembaga Tabung Haji, the pilgrims’ fund, as a likely point of debate after the special sitting in August. DailyDrop has not seen the full order paper, so it does not list the bills for first reading.

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Word of the day
Supply BillParliament

The bill that authorises the government’s spending for the year. The Budget speech opens the debate on it.


Politics · MelakaPress ✓ 3 outlets · dates not yet fixed

Melaka is heading to a state election, and the Election Commission is due to fix the dates this week

The Melaka state assembly was dissolved on 23 September after Chief Minister Datuk Seri Ab Rauf Yusoh announced the move, The Star, The Vibes and Malay Mail reported. The 28-seat assembly now moves to its 16th state election. Malay Mail said the Election Commission would meet in a special session this week to set nomination and polling dates.

A constitutional rule normally requires a poll within 60 days of dissolution, so the vote should fall in November at the latest. DailyDrop saw a headline in one outlet saying Pakatan Harapan is considering contesting all 28 seats, but no seat deal was confirmed in the reports it checked, so it does not report one. Dates will be added once the Election Commission announces them.

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World · EnergyPress ✓ 3 outlets · Iranian statements attributed

Iran keeps the Strait of Hormuz closed until Washington meets its demands, with Brent near US$100

Iran says the Strait of Hormuz stays closed and talks stay suspended until the United States meets its conditions, according to OilPrice.com, Trading Economics and roic.ai. The demands, relayed through Qatari mediators, include ending fighting on all fronts, among them Lebanon, releasing frozen Iranian assets and lifting the American naval blockade of Iranian ports. The full list has not been published, and the reports differ on whether the closure is conditional or open-ended.

WTI closed on Friday at US$91.11, down 1.90%, while Brent traded around US$101 in the reports DailyDrop saw. Malaysia is a net exporter of oil and gas through Petronas, so higher prices lift state revenue but also raise the cost of holding down pump prices. DailyDrop did not find confirmation of any reopening before the cut-off.

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Markets · MalaysiaPress ✓ 6 outlets · ringgit rate per Bernama and Bank Negara Malaysia

KLCI edges up 0.03% to 1,630.87 before a weak US jobs report; ringgit holds near RM4.08

The FBM KLCI rose 0.51 of a point, or 0.03%, to 1,630.87 on Friday 2 October from 1,630.36 the day before, according to Bernama and the New Straits Times. Advancers beat decliners 585 to 541, with 558 unchanged. The ringgit closed slightly firmer at about RM4.08 to the dollar, Bernama, The Star and Business Today reported; Bank Negara Malaysia’s 5pm table showed 4.081 buying and 4.085 selling. Quoted closes differ by a tenth of a sen between outlets, so DailyDrop uses 4.082.

After Bursa Malaysia closed, the United States said payrolls rose by only 29,000 in September against about 90,000 expected, and the unemployment rate rose to 4.2%, according to The Star, Malay Mail, Bernama and Il Sole 24 Ore. Wall Street rose, with the S&P 500 up 0.73% to 7,722.72, and Treasury yields fell. The weak number cut the odds of another Federal Reserve rate rise. How Bursa and the ringgit react opens today.

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By the numbers
1,630.87FBM KLCI close, up 0.03% (Bernama, NST)
29,000US jobs added in September, about 90,000 expected (Il Sole 24 Ore)
4.2%US unemployment rate (Il Sole 24 Ore, Bernama)
In brief
  • KLCI +0.03% to 1,630.87; 585 gainers, 541 declinersBernama
  • Ringgit slightly firmer at about RM4.08 per dollar on FridayBernama, Business Today
  • WTI US$91.11 (−1.90%), gold US$4,162.3 (−1.00%), S&P 500 7,722.72 (+0.73%) at Friday’s US closemarket data
  • Verstappen wins rain-hit race at Sepang; Antonelli second, Hamilton thirdBernama, Reuters
  • Kenya’s Kemboi wins the KL marathon; Kids Dash cancelled over hazeMalay Mail, Bernama
  • Parliament sits from today; Budget 2027 is due on FridayMalay Mail, The Vibes
  • Melaka assembly dissolved on 23 September; Election Commission to fix datesThe Star, Malay Mail
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INSIDEVerstappen wins a rain-hit Bahrain Grand Prix at Sepang, Malaysia’s first Formula 1 race since 2017Sport · Formula 1Dewan Rakyat reopens today, with Budget 2027 due on FridayPolitics · ParliamentMelaka is heading to a state election, and the Election Commission is due to fix the dates this weekPolitics · MelakaIran keeps the Strait of Hormuz closed until Washington meets its demands, with Brent near US$100World · EnergyKLCI edges up 0.03% to 1,630.87 before a weak US jobs report; ringgit holds near RM4.08Markets · Malaysia