A total of 11 election petitions have been filed nationwide to challenge the outcomes of contests for parliamentary seats in the 15th general election (GE15) last November.

Eleven election petitions filed nationwide, four in Sabah

KUALA LUMPUR (Jan 26): Former prime minister Tun Dr Mahathir Mohamad has claimed that the 15th general election was the most corrupt of all the elections held in independent Malaysia.

In a series of tweets on Wednesday (Jan 25), the former MP for Langkawi said that every single candidat...

Dr M: GE15 the most corrupt of all the elections held in Malaysia

DAP veteran Lim Kit Siang said newly minted Prime Minister Datuk Seri Anwar Ibrahim’s tasks, to unite a very polarised and divided nation, have just started.

Anwar’s tasks to unite a very polarised and divided nation have just started, says Kit Siang 

The Institute for Democracy and Economic Affairs (IDEAS) has called on the new government to assure the public and investors of political stability by getting all supporting coalition members to agree to the government serving its full term of five years.

"We stress the importance of assuring the public that this arrangement is here to stay for its full term in office, with a built-in mechanism within the coalition agreement to confirm as such.

IDEAS to new government: Assure public that coalition arrangement here to stay for full term

Former Prime Minister Datuk Seri Ismail Sabri Yaakob congratulated Datuk Seri Anwar Ibrahim on his appointment as the new PM.

“I pray for the new government to be able to maintain the political stability and ensure the sustainability of the country’s economy,” the Bera MP said in a five-paragraph statement via Twitter on Thursday

Ismail Sabri congratulates Anwar on appointment as new PM

After the King consented to the appointment of Pakatan Harapan (PH) chairman Datuk Seri Anwar Ibrahim as Malaysia’s 10th prime minister, DAP secretary general Anthony Loke Siew Fook urged party members to refrain from celebrating.

As Anwar ascends to premiership, DAP chief urges party members to refrain from celebrating

The King has consented to appoint Pakatan Harapan (PH) chairman Datuk Seri Anwar Ibrahim as Malaysia’s 10th prime minister, following the conclusion of the Conference of Rulers, said the Palace in a statement on Thursday (Nov 24).

Palace: Anwar is 10th prime minister, to be sworn in at 5pm

Perikatan Nasional (PN) is now willing to consider the proposal by Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah to form a unity Government at the federal level.

PN makes U-turn, will consider joining unity Government

DAP secretary general Anthony Loke Siew Fook has publicly apologised to Sarawak premier Tan Sri Abang Johari Tun Openg, more popularly known as Abang Jo, for any statements by party leaders in the past that may have offended the state government and people in the state.

DAP's Loke apologises to GPS chairman Abang Jo for any offence caused

With the Westminster constitutional conventions as guidelines for navigation when no person or party is able to obtain or retain an absolute majority in Parliament, the Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah is not legally bound to follow them.

King is not legally bound to Westminster constitutional convention or any consultation for PM decision

Senior statesman Tun Dr Mahathir Mohamad, who founded and chairs the Malay-based Parti Pejuang Tanahair, said whatever plans the fledgling party had for the country have been dropped.

GE15 defeat ends Pejuang's plans for country, says a saddened Mahathir

Almost half of Malaysian citizens have no issues telling those in their circles who they voted for in this election (46%), according to British international internet-based market research and data analytics firm YouGov.

Poll: Almost half of Malaysians prepared to disclose who they voted for in GE15

KUALA LUMPUR (Nov 23): Barisan Nasional (BN), whose numbers in the Dewan Rakyat is sought for the formation of the simple majority Federal Government, will see its 30 Members of Parliament (MPs) meet the Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah on Wednesday (Nov 23) morning, as the hung Parliament extends for the fourth day.

King’s meeting with 30 MPs from BN will tip the scale on unity government

The heads of the Pakatan Harapan (PH) and Perikatan Nasional (PN) coalitions have been summoned to the Istana Negara for an audience with the Yang di-Pertuan Agong after His Majesty had found that no Member of Parliament has obtained enough support to become Malaysia’s 10th prime minister.

PH and PN leaders summoned to Palace as no MP has enough support to become PM

Mega First Corp Bhd’s (KL:MFCB) net profit rose 13.8% to RM116.64 million in the third quarter ended Sept 30, 2024 (3QFY2024) from RM102.53 million a year earlier, underpinned by stronger earnings from its renewable energy and resources segments.

The group also recognised an insurance income of RM7.23 million in the quarter under review. It booked a total of RM32.12 million for the nine-month period ended Sept 30 for assets damaged by a fire incident in 2023.

Mega First's 3Q net profit rises 14% boosted by renewable energy and resources segments

The extended six-year contract signed between the government and Bestinet Sdn Bhd for the Foreign Worker Centralised Management System (FWCMS) could cost the government a minimum of RM3.2 billion, according to a report by the Public Accounts Committee (PAC).

Bestinet's contract extension for foreign worker system could cost govt at least RM3.2b — PAC

A total of 37,000 user accounts across seven coastal areas on Penang Island will experience a scheduled water supply disruption for 14 hours, starting from 10pm on Nov 28 (Thursday) to noon on Nov 29 (Friday).

Seven Penang Island coastal areas face scheduled water cut on Nov 28-29

UEM Sunrise Bhd (KL:UEM), in which Khazanah Nasional Bhd’s subsidiary UEM Group Bhd owns a 69.56% stake, saw its net profit more than double in the third quarter from last year, thanks to higher land sales margin and higher operating profit margin in the latest quarter.

UEM Sunrise confident of meeting RM1b sales target as 3Q profit more than doubles

EVENING 5: Bestinet deal could cost govt at least RM3.2b, PAC flags

KUALA LUMPUR (Nov 21): Human Resources Minister Steven Sim has confirmed that the chief executive officer of Human Resources Development Corporation (HRD Corp), Datuk Shahul Hameed Dawood, has returned to work.

According to Sim, Shahul had been on administrative leave since July 18 to a...

Sim confirms HRD Corp CEO has returned to work despite ongoing MACC probe on agency

Palm oil producer Far East Holdings Bhd (KL:FAREAST) has declared a special dividend of seven sen per share, payable on Dec 23, as it logged its best quarterly net profit in more than two years, boosted by higher production coupled with higher crude palm oil (CPO) and palm kernel (PK) prices.

Far East declares special dividend of seven sen after logging best quarterly profit in over two years  

The Energy Efficiency and Conservation Act (EECA), which was passed in Dewan Rakyat on June 25, has received the royal assent from the Yang di-Pertuan Agong on Nov 14 and will be in force from Jan 1 next year, Energy Commission of Malaysia assistant director Raja Mohd Fadhil revealed at the GRESB Regional Insights 2024 on Thursday.

Energy Efficiency and Conservation Act to be in force from Jan 1 next year

KUALA LUMPUR (Nov 21): Malaysia’s central bank made two unusual changes to the government bond auction calendar by rescheduling a tender set for this month, and scrapping another pencilled in for December.

BNM reschedules govt bond auction, scraps one issue in unusual move

Sunway Construction Group Bhd (KL:SUNCON) posted a 32.71% jump in its net profit for its third quarter on the accelerated progress of its data centre projects.

Net profit for the third quarter ended Sept 30, 2024 (3QFY2024) rose to RM46.47 million from RM35.01 million in 3QFY2023, as revenue rose 28.48% to RM865.33 million from RM673.51 million, its Thursday bourse filing showed.

SunCon's 3Q profit jumps 32.71% on accelerated data centre progress

(Nov 21):&nbsp;Dyson Ltd&nbsp;is dialling back its hairdryer-related operations in Malaysia, according to people familiar with the matter who declined to be identified discussing matters that are private, as the consumer goods company seeks to streamline its business in the region.

Dyson dials back Malaysian hairdryer ops, redeploys staff in Johor — Bloomberg

Petronas Chemicals Group Bhd (KL:PCHEM) may be in for tougher days ahead following a massive paper loss that sent the company into the red for the first time ever and prompted analysts to cut their forecasts.

Petronas Chemicals' outlook gloomy, analysts warn amid mounting joint venture losses

IOI Properties Group Bhd (KL:IOIPG) has officially relaunched the Putrajaya Marriott Hotel in IOI Resort City last week after completing a RM100 million renovation.

Sitting on 6.5 acres of land, the five-star Putrajaya Marriott Hotel is managed by IOI Properties and comprises 487 guest rooms, including 35 exclusive suites. The renovations took place from Feb 2023 till Nov 2024 and were carried out in phases. The massive undertaking focused on the refitting and renewal of its guest rooms, lobby, restaurants and private villa.

IOI Properties relaunches Putrajaya Marriott Hotel after RM100m renovation

Indian billionaire Gautam Adani has been indicted by US prosecutors for his alleged role in a US$265 million scheme to bribe Indian officials, plunging his conglomerate deep into crisis for the second time in two years.

Indian tycoon Adani charged in US over US$265m bribery scheme, dismisses allegations as ‘baseless’ 

KUALA LUMPUR (Nov 21): Malaysia’s central bank made two unusual changes to the government bond auction calendar by rescheduling a tender set for this month, and scrapping another pencilled in for December.

Nvidia forecast its slowest revenue growth in seven quarters on Wednesday, failing to meet lofty expectations of some investors who have made it the world's most valuable firm.

Nvidia's AI chip demand still booming but slowing sales growth worries investors

KUALA LUMPUR (Nov 21): Shares of RCE Capital Bhd (KL:RCECAP) fell on Thursday after the company, which mainly provides financing to civil servants, reported weaker than expected quarterly results.

RCE Capital shares fall on Thursday after weaker than expected results

Starbucks Corp is exploring options for its Chinese operations including the possibility of selling a stake in the business, according to people with knowledge of the matter.

Starbucks said to consider selling stake in Chinese business

KUALA LUMPUR (Nov 21): Mah Sing Group Bhd (KL:MAHSING) has unveiled the sales gallery of its RM850-million M Aspira serviced-apartment project in Taman Desa, Kuala Lumpur on Wednesday (Nov 20).&nbsp;

Mah Sing unveils M Aspira sales gallery in Taman Desa

China's Huawei plans to start mass-producing its most advanced artificial intelligence chip in the first quarter of 2025, even as it struggles to make enough chips due to US restrictions, said two people familiar with the matter.

Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs

Starbucks Corp reduced its US retail workforce by 8% in its most recent fiscal year, even as the coffee chain added hundreds of new locations.&nbsp;

Starbucks shrank retail staff 8% despite hundreds of new stores

Sime Darby Property Bhd (KL:SIMEPROP) is working urgently with authorities to help resolve the recurring flood incidents in Bandar Bukit Raja, said managing director Datuk Seri Azmir Merican.

Tackling floods in Bandar Bukit Raja a top priority, says Sime Darby Property

PARAMARIBO (Nov 20): Suriname's state-run oil company Staatsolie said on Wednesday that US oil giant ExxonMobil has withdrawn from its offshore block 52, and block operator Petronas Suriname E&amp;P will take over its 50% stake.

Suriname’s Staatsolie says ExxonMobil has withdrawn from offshore block, Petronas’ unit to take over 50% stake

Sime Darby Property Bhd (KL:SIMEPROP) on Thursday said that the company is seeking more assets that would generate recurring income for the real estate developer.

Sime Darby Property seeks more assets generating recurring income

Shares of Adani Group companies lost about US$28 billion (RM125.3 billion) in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

India's Adani Group sees US$30b in value wiped off after US indictments 

Northern Solar Holdings Bhd has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia.

The solar energy firm said its IPO scheduled to take place in February 2025, entails a public issue of 67.3 million new shares and the sale of 35.6 million existing shares.

All in all, the listing would offer investors up to a 26% stake in the company.

Northern Solar Holdings signs underwriting agreement with M&A Securities

The extended six-year contract signed between the government and Bestinet Sdn Bhd for the Foreign Worker Centralised Management System (FWCMS) could cost the government a minimum of RM3.2 billion, according to a report by the Public Accounts Committee (PAC).

The Biden administration told Congress it plans to cancel US$4.65 billion (RM20.8 billion) in debt owed by Ukraine, according to a letter obtained by Bloomberg News, the latest in a series of moves meant to bolster support for Kyiv before President-elect Donald Trump takes office.

Biden administration seeks to cancel US$4.6b of Ukraine’s debt

Bitcoin hit US$95,000 (RM425,030) for the first time as the digital-asset sector moves to cement its influence with Donald Trump by pushing for a new White House post dedicated to cryptocurrency policy.

Bitcoin climbs closer to US$100,000 on Trump’s support for crypto

KUALA LUMPUR (Nov 21): E-services provider MyEG Services Bhd’s (KL:MYEG) earnings are expected to continue to be boosted by contributions from its Zetrix-related applications, prompting an earnings upgrade from at least one analyst.&nbsp;

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