SINCE its establishment in December 2018, Urusharta Jamaah Sdn Bhd (UJSB) has largely stayed out of public view — a deliberate approach taken by its chairman Datuk Mohd Shukri Hussin to shield its lean team from political pressure and keep it focused on recovering value from assets inherited from...

Cover Story 2: ‘We are concentrating on our mission’

WHEN Urusharta Jamaah Sdn Bhd (UJSB) was incorporated in December 2018, the team at the special-purpose vehicle (SPV) had to hit the ground running as Lembaga Tabung Haji’s (TH) financial health was deteriorating fast, raising concerns about the pilgrims’ fund’s status as a going concern.

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Cover Story 2: Urusharta Jamaah yet to see finishing line

KUALA LUMPUR (Sept 23): A large majority of developers are delaying property launches in the remaining months of 2026 as rising construction costs squeeze margins and take-up remains soft.

Most developers delaying launches amid margin squeeze, unsold units

Umno president Datuk Seri Dr Ahmad Zahid Hamidi challenged Prime Minister Datuk Seri Anwar Ibrahim to call a general election for a fresh mandate, or else formally remove Barisan Nasional (BN) from the government and hold a no-confidence vote in the Dewan Rakyat.

Zahid to Anwar: Call for GE16 or kick BN out from govt

Umno is the best option to lead efforts to unite the Malays without sidelining other communities, as compared to other political parties, a party leader claimed on Saturday.

Umno best choice to lead govt without sidelining other races, says party veep

Barisan Nasional (BN) could still win Pahang in the next general election if it goes solo, but only by a narrow margin and with higher risks, said Umno vice-president Datuk Seri Wan Rosdy Wan Ismail.

Wan Rosdy: BN can still secure Pahang if it goes solo

Umno deputy president Datuk Seri Mohamad Hasan has suggested the party test PAS’ sincerity in its political cooperation by holding a state election in one of the four states controlled by PAS.

Test PAS' sincerity via state election in its home turf after Melaka polls — Tok Mat

An Umno delegate from Perak has raised concerns that cooperation between Barisan Nasional (BN) and Perikatan Nasional (PN) could weaken Umno’s political position in some northern and east coast states.

Umno Perak delegate warns that BN-PN cooperation could shrink its footprint in northern, East Coast states

Umno hopes that Datuk Seri Najib Razak’s pardon application will be considered at the next round after the jailed former prime minister’s bid was deferred on Friday.

The party will continue pursuing all avenues permitted under the law to ensure Najib receives fair consideration, said Umno secretary-general Datuk Dr Asyraf Wajdi Dusuki. The party’s efforts for its former president were not intended to challenge institutions or the legal process, he noted.

Umno hopes Najib’s pardon bid will be considered next round as delegates rally

KUALA LUMPUR (Sept 11): Umno president Datuk Seri Dr Ahmad Zahid Hamidi on Friday unveiled eight key initiatives under the party and Barisan Nasional’s (BN) “Blue Malaysia Agenda”, should the coalition return to power in Putrajaya.

Zahid touts 'Blue Malaysia Agenda' if Umno returns to power

A special committee should be established under the Technical Committee of the Malaysia Agreement 1963 Implementation Action Council (MTPMA63) to study the proposal to increase Sabah and Sarawak’s representation in Parliament.

Special committee needed to study parliamentary seat increase for Sabah, Sarawak — minister

China said on Saturday it had agreed with the US on a US$30 billion (RM122 billion) reciprocal tariff-reduction arrangement and on launching a dialogue on artificial intelligence (AI), under an eight-point consensus reached during President Xi Jinping's visit to Washington.

China says consensus reached with US includes US$30b tariff cut, AI dialogue

Kerjaya Prospek Property Bhd (KL:KPPROP) launched its latest residential project, AndaBreeze, in Batu Kawan, Penang, bringing the developer’s total gross development value (GDV) of ongoing projects to about RM2 billion.

Kerjaya Prospek Property launches AndaBreeze, takes ongoing GDV to RM2 bil

Limousines whisked world leaders away from the United Nations (UN) on Friday after a week of speeches, meetings and hallway diplomacy.

Six big takeaways from a turbulent week of UN diplomacy

Prime Minister Datuk Seri Anwar Ibrahim has yet to receive Transport Minister Anthony Loke Siew Fook’s resignation letter.

Anwar says yet to receive letter on Loke's resignation as transport minister

Asset World Corp Pcl’s new Thai Real Estate Investment Trust (REIT) aims to raise at least US$1 billion (RM4.07 billion) through a listing as it seeks funds to expand its hotel and commercial property business, according to a senior executive.

Thai billionaire Charoen’s Asset World targets US$1 bil REIT IPO

The government will announce more decisive measures to ensure graduates secure jobs that match their qualifications and receive fair wages in Budget 2027, which will be tabled on Oct 9.

Govt to announce firm measures under Budget 2027 for fair wages — PM

Swiss Finance Minister Karin Keller-Sutter downplayed a suggestion that UBS Group AG could quit Switzerland to avoid stricter capital rules there, saying such a move would be more expensive than to stay.

Swiss finance minister says leaving Switzerland more costly for UBS

Kuehne+Nagel International AG sees at least three years of double-digit growth in the burgeoning business of logistics services catering to big technology companies and the data centres they’re building to handle the boom in artificial intelligence (AI).

Kuehne+Nagel CEO expects to ride AI-driven cargo wave into 2029

Bangkok authorities declared a flood disaster across the Thai capital on Saturday after almost 48 hours of heavy rain left canals full, roads submerged and residents wading through deep water.

Canals full, roads submerged as Bangkok declares flood disaster

Prime Minister Datuk Seri Anwar Ibrahim stressed that he would not interfere in matters concerning the position of the Yang di-Pertuan Besar of Negeri Sembilan, and that any dispute involving the royal institution should be resolved in accordance with the Constitution and the law.

Anwar firm on not interfering in Negeri Sembilan Ruler's position

Iran on Saturday awaited an official US response to its proposal to reopen the Strait of Hormuz and end fighting in the wider Middle East war after The Wall Street Journal reported that US President Donald Trump had rejected the deal.

Iran awaits US move after Trump said to have rejected peace plan

President Donald Trump’s lavish welcome of leader Xi Jinping this week marked a high point for stability in a US-China relationship that’s seen a lot of lows. Now, the Chinese president&nbsp;is pushing to lock in more favourable terms on Taiwan and trade while he still can.

Xi seizes Trump detente to seek lasting gains on trade, Taiwan

The government is actively reviewing processes and systems to fully transition business applications online so that entrepreneurs no longer need to spend unnecessary time chasing officers for status updates.

Govt committed to put business applications online, cut red tape, says Hannah Yeoh

Asset World Corp Pcl’s new Thai Real Estate Investment Trust (REIT) aims to raise at least US$1 billion (RM4.07 billion) through a listing as it seeks funds to expand its hotel and commercial property business, according to a senior executive.

The decision on the abolition of the 30% Bumiputera equity requirement for private educational institutions (IPS) falls under the purview of the relevant ministry in accordance with its jurisdiction, said Economy Minister Akmal Nasrullah Mohd Nasir.

Private educational institutions' 30% Bumiputera equity requirement abolished under relevant ministry's purview — Akmal Nasrullah

US President Donald Trump warned Chinese President Xi Jinping against providing support to Iran during talks in Washington this week and received assurances that China would not do so, the US ambassador to China said on Friday.

Trump said to receive assurances after warning China against supporting Iran

China said on Saturday it had agreed with the US on a US$30 billion (RM122&nbsp;billion) reciprocal tariff-reduction arrangement and on launching a dialogue on artificial intelligence (AI), under an eight-point consensus reached during President Xi Jinping's visit to Washington.

Barisan Nasional (BN) will begin negotiations&nbsp;with two different&nbsp;groups next week on cooperation for the Melaka state election, said its chairman Datuk Seri Dr Ahmad Zahid Hamidi.

Melaka polls: BN to hold separate talks with two groups next week

US Treasury yields stabilised on Friday with benchmark 10-year note yields edging lower on the day as oil prices dropped, after they earlier set fresh multi-decade highs, with traders pricing in further Federal Reserve (Fed) interest rate hikes.

Battered bonds draw support from falling oil prices; stocks buoyed by AI enthusiasm

The debate over artificial intelligence and employment has become preoccupied by a false choice. One side predicts large-scale job destruction; the other notes that aggregate data still show little. Both observations can be true. While AI’s economy-wide employment effects remain limited, the conditions for disruption are already emerging at the level of tasks, firms, and early careers. Given this, waiting for clear evidence that the shock has arrived would be a mistake. The data that eventually settle the argument may arrive only after the opportunity to shape the outcome has passed.

The New Global Economy: AI and the Broken Career Ladder

The Ministry of Entrepreneur and Cooperatives Development has channelled nearly RM10 billion through various support and financing programmes under the ‘Power Up 10K’ initiative to about 270,000 entrepreneurs nationwide as of the end of August.

Steven Sim: RM10b channelled to 270,000 entrepreneurs as of August

Swiss Finance Minister Karin Keller-Sutter downplayed a suggestion that UBS Group AG could quit Switzerland to avoid stricter capital rules there, saying such a move would be more expensive than to stay.

Kerjaya Prospek Property Bhd (KL:KPPROP) launched its latest residential project, AndaBreeze, in Batu Kawan, Penang, bringing the developer’s total gross development value (GDV) of ongoing projects to about RM2 billion.

The White House has offered assurances that the Trump administration won’t ban US diesel exports, Senator Ted Cruz told refining industry leaders late on Friday.

Refining industry leaders told White House won't ban diesel exports

Kuehne+Nagel International AG sees at least three years of double-digit growth in the burgeoning business of logistics services catering to big technology companies and the data centres they’re building to handle the boom in artificial intelligence (AI).

Bangkok authorities declared a flood disaster across the Thai capital on Saturday after almost 48 hours of heavy rain left canals full, roads submerged and residents wading through deep water.

The government will announce more decisive measures to ensure graduates secure jobs that match their qualifications and receive fair wages in Budget 2027, which will be tabled on Oct 9.

A federal appeals court upheld on Friday the Pentagon's blacklisting of Anthropic from military contracts, handing a victory to US President Donald Trump and Defense Secretary Pete Hegseth in their battle with the artificial intelligence (AI) start-up over safety guardrails on its technology.

US appellate court upholds Pentagon's blacklisting of Anthropic

China agreed to import at least 10 million metric tons of coal from the US next year and again in 2028, according to the White House, in a sign of further progress in easing trade frictions between the world’s two largest economies.

Luqman Amin

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