<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 11): UMNO celebrated its 72nd anniversary at the Putra World Trade Centre (PWTC) here today in a rather sombre mood.</p></div>

<div class=newsTextDataWrapInner><p>This was the first official event for the party after Barisan Nasional (BN), which ruled the country for 60 years, lost to Pakatan Harapan in the 14th General Election (GE14) on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>Also present were UMNO president Datuk Seri Najib Tun Razak, his deputy Datuk Seri Dr Ahmad Zahid Hamidi and UMNO vice-president Datuk Seri Hishammuddin Tun Hussein.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Najib, however, neither delivered any speech nor entertained questions from members of the press, who were following him throughout the event.</p></div>

<div class=newsTextDataWrapInner><p>The former Prime Minister was spotted entering a surau at the PWTC before he used the dedicated lane to the upper floors of Menara Datuk Onn after the dinner.</p></div>

<div class=newsTextDataWrapInner><p>It was learnt that Najib also held a closed door meeting with top UMNO leaders tonight.</p></div>


KUALA LUMPUR (May 11): UMNO celebrated its 72nd anniversary at the Putra World Trade Centre (PWTC) here today in a rather sombre mood.

This was the first official event for the party after Barisan Nasional (BN), which ruled the country for 60 years, lost to Pakatan Harapan in the 14th G...

Sombre mood at Umno 72nd anniversary celebration

Gold prices declined as much as 2% on Monday as investors booked profits following a five-session rally to a three-week high, while the announcement of fund manager Scott Bessent as the new US Treasury secretary tempered safe-haven buying.

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Shares of Mi Technovation Bhd (KL:MI) extended their rally into the third straight day on Monday, after the semiconductor company reported better-than-expected results.

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Germany’s business outlook slid in November, remaining subdued due to the collapse of the government and the threat of trade tariffs following Donald Trump’s re-election as US president.

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French oil major TotalEnergies SE was not informed of a US investigation into possible bribery and corruption at Adani Green Energy Limited, it said on Monday, adding it will stop financial contributions to investments with Adani Group companies following last week's US federal indictment.

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Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Monday.

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A DHL cargo plane crashed as it came into land at Lithuania's Vilnius airport early on Monday, skidding into a house and killing one person on the aircraft.

The three other people onboard were injured but no one on the ground was hurt, officials said.

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Eraman, Malaysia Airports (Niaga) Sdn Bhd’s duty-free and retail brand, aims to have local brands occupy 10% of its total retail and food and beverages space from the current 6% at all airports where it operates.

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India's Parliament was suspended on Monday after opposition lawmakers disrupted it demanding a discussion over bribery allegations against Adani Group, and Adani dollar bond prices fell to almost one-year lows as investors and lenders weighed the case.

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The French government offered to buy advanced computing assets of Atos SE for as much as €625 million (RM2.91 billion) after an earlier state offer expired.

The non-binding bid values the business at €500 million and may include additional payments based on future earnings, the company said in a statement on Monday.

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Insta360, a Chinese rival to GoPro Inc with backers including IDG Capital, is considering an initial public offering in Hong Kong as plans for a listing in mainland China stall, according to people familiar with the matter.

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<p>Malaysia’s third-quarter results season has been ‘disappointing’ so far, said CIMB Securities, warning of downside risks to its earnings forecasts for stocks on the benchmark index.</p>


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<p>The High Court on Monday has quashed the seizure of Swatch's rainbow-themed ‘Pride collection’ watches, holding that the May 2023 move was made before confiscation notices were issued and without any warrant.</p>


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<p>Chemical management and storage company TMK Chemical Bhd has unveiled the prospectus for its Main Market initial public offering (IPO) to raise some RM385 million, as part of its plan for the expansion of its plant, construction of new facilities and acquisition.</p>


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<p>IJM Corporation Bhd (KL:IJM) may acquire a 50% stake in financially troubled UK-based construction firm JRL Group, according to multiple news reports.</p>


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<p>The Indonesian sister company of Mr DIY Group (M) Bhd (KL:MRDIY) will list shares in Jakarta through an initial public offering (IPO) that seeks to raise as much as 4.7 trillion rupiah (US$297 million or RM1.32 billion), in what would be the nation’s biggest listing in more than a year.</p>


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<p>Ambulatory eyecare centre TopVision Eye Specialist Bhd (KL:TOPVISN) aims to raise RM17.89 million with its initial public offering (IPO) at 33 sen per share, in conjunction with its transfer from the LEAP Market to the ACE Market of Bursa Malaysia.</p>


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<p>Asian stocks rallied with US equity futures on Monday, while the dollar retreated against rivals as bond yields slid following the selection of fund manager Scott Bessent as the next US Treasury secretary, with investors expecting he will be a voice for markets in Washington.</p>


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<p>The federal government may consider "other proposals" after facing pushback from highway concessionaires on the implementation of the multi-lane free flow (MLFF) system.</p>


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<p>The High Court on Monday dismissed former prime minister Datuk Seri Najib Razak's application to "permanently stay" the criminal trial regarding International Petroleum Investment Co (IPIC).</p>


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<p>Local institutions were the primary supporters of Bursa Malaysia for the fifth consecutive week, recording a net inflow of RM250.6 million last week, up from RM207.7 million in the previous week.</p>

<p>In its fund flow report for the week ending Nov 22, MIDF Amanah Investment Bank Bhd (MIDF) noted that while there was a net outflow of RM19.6 million from local institutions on Tuesday, the inflows on other days of the week more than offset this decline.</p>


Bursa boosted by RM250.6 mil investments from local institutions last week

<p>The sharp rebuke that the Gambling Regulatory Authority (GRA) of Singapore delivered to Resorts World Sentosa Pte Ltd (RWS) for an “unsatisfactory performance” in relation to its integrated resort (IR) comes as a surprise, considering that RWS has committed to investing billions in its facility there.</p>


Frankly Speaking: Genting’s challenge in Singapore involves more than gaming

<p>The submission of the Real Property Gains Tax (RPGT) Form electronically via e-CKHT on the MyTax portal will be mandatory starting Jan 1, 2025.</p>


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<p>CGS International expects Affin Bank Bhd's (KL:AFFIN) net profit for the fourth quarter ending Dec 31, 2024 (4QFY2024) to come in lower on a quarterly basis, as it does not expect the bank to see a high write-back in loan loss provision.</p>


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<p>Malaysia's hiring outlook continues to see some mismatch in benefits expectations between organisations and professionals going into 2025, which forms roadblocks for&nbsp;organisations looking for the right talent, a survey showed.&nbsp;</p>


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<p>Parties will submit further on Wednesday (Nov 27) on whether former prime minister Datuk Seri Najib Razak and former Treasury secretary general Tan Sri Mohd Irwan Serigar Abdullah should be granted a discharge not amounting to an acquittal (DNAA) in their criminal trial regarding International Petroleum Investment Co (IPIC).</p>


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<p>SARAWAK is expected to announce by the end of the month plans for the development of a deep-sea port with liquefied natural gas (LNG) facilities. The port is estimated to cost between RM25 billion and RM30 billion and will be located off the coast of Kuching.&nbsp;</p>

<p>Currently, details ab...

Sarawak to unveil plans for a RM30 bil deep-sea port off the coast of Kuching

<p>TMK Chemical Bhd, set to list on Bursa Malaysia's Main Market in December,&nbsp;plans to double its annual manufacturing capacity, with its second plant funded by the initial public offering (IPO) proceeds.</p>


TMK Chemical to double capacity with new plant funded by IPO proceeds

<p>Malaysia must strengthen its collaboration&nbsp;with other countries to mitigate the risks posed by a fragmented global supply chain, especially amid escalating US-China trade tensions, following Donald Trump’s return to the US presidency, Deputy Investment, Trade and Industry Minister Liew Chin Tong said on Monday.</p>


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<p>Shares of Mi Technovation Bhd (KL:MI) extended their rally into the third straight day on Monday, after the semiconductor company reported better-than-expected results.</p>


<p>Sarawak is set to finalise the sale and purchase agreement for MASwings, a subsidiary regional airline of Malaysia Aviation Group (MAG), by next month, said Premier Tan Sri Abang Johari Tun Openg.</p>
