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

Terengganu Umno has filed a petition to annul the results for the Kuala Terengganu, Marang and Kemaman parliamentary seats in the 15th general election (GE15).

GE15: Terengganu Umno files petition to annul results for three parliamentary seats

Awang Husaini Sahari, the Pakatan Harapan (PH) candidate who narrowly lost in the contest for the Putatan parliamentary seat in the 15th general election (GE15), has filed a petition to annul the results for the constituency.

GE15: PH's Awang Husaini files petition to annul Putatan parliamentary seat results

Umno Information chief Isham Jalil on Friday confirmed that Barisan Nasional (BN) has filed three election petitions to the Election Commission (EC) to challenge the outcome of the 15th General Election (GE15) held last November.

However, Isham did not disclose the constituencies involved, saying that it will be announced later.

GE15: BN has filed three election petitions so far — Isham

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

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

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

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

Tesla is set to start deliveries of its long-delayed Cybertruck electric pickup on Thursday, after CEO Elon Musk tempered investor expectations citing problems in ramping production of what he called a "radical" product.

Tesla to deliver Cybertrucks after Musk tempers expectations

The ringgit closed lower on Thursday, snapping three consecutive days of gains on pofit-taking after the local note touched the immediate support level of RM4.6611 against the US dollar.

Ringgit retreats after three days of gains on profit-taking

The High Court has set Jan 16 to decide on the Malaysia Competitions Commission's (MyCC) bid to obtain permission for a judicial review of the Competition Appeal Tribunal (CAT)'s Sept 2, 2022 decision.

Court to decide in Jan if MyCC is allowed to challenge tribunal's decision to allow insurers' appeal

PUTRAJAYA (Nov 30): Five new cases of monkeypox (mpox) involving local men have been detected in Malaysia from Oct 31 to Nov 29, bringing the cumulative number of cases to nine.

MOH: Five new monkeypox cases detected

World stock markets edged higher on Thursday, heading for their best monthly jump since the first Covid-19 vaccine breakthroughs of 2020, as the continuing downtrend for global bond yields lifted confidence.

Stocks on cruise control as rate cut expectations boost outlook

The progressive wage pilot project — slated to be carried out on a pool of 1,000 companies between June and September 2024 — is estimated to cost between RM20-30 million, according to Economy Minister Rafizi Ramli.

Progressive wage pilot project estimated to cost RM20-30m, says Rafizi

CIMB Group Holdings Bhd’s net profit rose 31.3% to RM1.85 billion for the third quarter ended Sep 30, 2023 (3QFY2023) from RM1.41 billion a year earlier.

The growth was attributed to strong non-interest income (NOII) improvement, partially offset by weaker net interest income (NII) due to net interest margin (NIM) compression from higher cost of deposits.

CIMB 3Q net profit rises 31% to RM1.85 bil on strong non-interest income improvement

Malaysia sent its highest-profile and biggest contingent to the United Nations 28th Conference of Parties (COP28) on Thursday in at least the last two years. It is the first COP delegation led by Natural Resources, Environment and Climate Change (NRECC) Minister Nik Nazmi Nik Ahmad.

Malaysia goes big for COP28

PUTRAJAYA (Nov 30): Malaysia needs to take further measures to become a viable halal economic hub, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Fadillah: Strengthen infrastructure, tech integration to become viable halal economic hub

KUALA LUMPUR (Nov 30): After experiencing three consecutive profitable quarters, Capital A Bhd slid back into the red in its third quarter ended Sept 30, 2023 (3QFY2023), with a net loss of RM178.82 million or 4.30 sen per share — largely because the immediate preceding quarter had recorded a gain from the consolidation of Asia Aviation Public Company Ltd Group of RM1.37 billion.

Capital A returns to the red in 3Q on absence of consolidation gain

Singapore and Zurich surpassed New York to become the&nbsp;world’s most expensive cities to live in this year, according to a new global survey.

Singapore, Zurich surpass New York to become world’s most expensive cities to live in — survey

The government released its Progressive Wage White Paper on Thursday, proposing to implement a pilot project between June and September next year that involves a selected number of companies that register to voluntary participate in it, with full implementation to be determined later.

Progressive wage to cover those with RM1,500-RM4,999 monthly salary, MNCs, GLCs exempted, White Paper proposes

Malaysia received nearly 1.5 million tourist arrivals from China and India during the first nine months of 2023 (9M2023), according to Tourism, Arts, and Culture Minister Datuk Seri Tiong King Sing.

Malaysia saw nearly 1.5 million tourists from China and India in 9M2023, says minister

Shares in Pharmaniaga Bhd fell in early trade on Thursday, after the pharmaceutical group proposed a regularisation plan that consists of a capital reduction exercise, renounceable rights issue of news shares plus private placement, to raise up to RM654.61 million to pare down debts.

Pharmaniaga slips on 3Q net loss, opaque outlook

Alliance Bank Malaysia Bhd saw its net profit rise 16.98% to RM185.33 million for the second quarter ended Sept 30, 2023 (2QFY2024), from RM158.42 million a year before, due to higher revenue and lower expected credit losses.

Alliance Bank's 2Q net profit up 17% to RM185m, declares dividend of 10.85 sen

KUALA LUMPUR (Nov 30): Shares in Supermax Corp Bhd fell 7.77% in the morning session on Thursday, after the glovemaker logged a net loss of RM2.05 million in the first quarter ended Sept 30, 2023 (1QFY2024), marking the group’s fourth straight loss-making quarter, as revenue shrunk amid weaker demand and persistent lower selling prices. Its quarterly loss narrowed from the preceding three quarters.

Supermax slides 7.77% after fourth straight loss-making quarter

Elon Musk, the billionaire owner of X, said the advertisers that had stopped spending on the platform due to his endorsement of an antisemitic post can “f——” themselves.

Elon Musk, slinging expletives, says advertiser boycott on X may kill it

Analysts lowered their target prices (TPs) for Axiata Group Bhd, after the telecommunications company’s net loss widened to RM797.41 million for the third quarter ended Sept 30, 2023 (3QFY2023), from RM52.4 million a year ago, mainly due to asset impairment and lower share of results from subsidiary CelcomDigi Bhd.

Analysts lower target prices for Axiata on wider 3Q net loss, frontier market risks

KUALA LUMPUR (Nov 30): The revival of several mega infrastructure projects has provided the much-needed impetus to the Malaysian construction sector, driving the construction stocks index on Bursa Malaysia to a two-year high by&nbsp;20.74% year-to-date&nbsp;(as of Nov 27), as well as the industry to post stronger growth.

Revival of mega infrastructure projects sparks construction sector growth, sustainability at work

KUALA LUMPUR (Nov 30): Dissatisfaction over a government decision alone is not the basis to take the&nbsp;government to court, the High Court here remarked on Thursday.

KL-SG high-speed rail suit: ‘Mere dissatisfaction over govt decision alone not basis for legal action’

The Securities Commission Malaysia (SC) said it will not tolerate any non-compliance by capital market players, and will not hesitate to take criminal action against those involved in fraudulent activities.

SC will not hesitate to take criminal action against 'bad actors' in capital market, says chairman

KUALA LUMPUR (Nov 30): RGB International Bhd’s net profit&nbsp;for the third quarter ended Sept 30, 2023 (3QFY2023) jumped 20-fold to RM 26.07 million, compared to a net profit of RM1.08 million a year earlier.&nbsp;

RGB makes quantum leap with 3Q net profit of RM26.07 mil on sturdy sales

Grab-led GX Bank Bhd (GXBank) has officially launched its digital bank to Malaysians, making it the first of the five Bank Negara Malaysia licensees to do so.

GXBank now open to public

KUALA LUMPUR (Nov 30): Gamuda Land unveiled on Thursday,&nbsp;its first hotel project, ASAI Gamuda Cove. The hotel is part of the 1,530-acre Gamuda Cove township development in Selangor and will be managed by Dusit Hotels and Resorts, the hotel arm of Thailand-based hotel and property development company Dusit International.

Gamuda Land unveils first ASAI hotel in Gamuda Cove

KUALA LUMPUR (Nov 30): Hong Leong Bank Bhd’s (HLB) net profit rose 4.93% to RM1.03 billion for the first quarter ended Sept 30, 2023 (1QFY2024) against RM981.41 million a year ago, on higher contributions from the bank’s associates and reversal of impairment losses.

Hong Leong Bank’s 1Q earnings up 5% on better associates’ contribution, reversal of impairment losses

RHB Research has maintained its 'buy' recommendation and target price (TP) of 60 sen for Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) following the latest contract win from Petrofac International (UAE) LLC.

Analysts maintain stances on MHB after contract win from Petrofac

TA Securities sees a positive outlook for Malaysia Airports Holdings Bhd (MAHB), against the backdrop of the pending signing of a new operation agreement (OA) and the announcement of the new passenger service charge (PSC) for 2024, and the impairment of receivables comprising mainly RM27.4 million from MyAirline&nbsp;suspension. &nbsp;

TA Securities upgrades MAHB to 'hold', raises target price amid strong recovery prospects

Analysts maintained their "positive" stances on Public Bank Bhd despite diverse reactions to its earnings for the nine-month period ended Sept 30, 2023 (9MFY2023).

Analysts remain positive on Public Bank, but say seasonal rush to capture deposits may limit NIM recovery

Padini Holdings Bhd's net profit for the first quarter ended Sept 30, 2023 (1QFY2024) fell 45.4% to RM26.67 million, from RM48.86 million a year earlier, due to a drop in the gross profit margin from 39% to 36%.

Padini's 1Q net profit falls 45% to RM26.7m, declares dividend of 2.5 sen

China’s most famous entrepreneur broke years of silence about Alibaba Group Holding Ltd with a call to arms for employees, following years of brutal government punishment and strategic missteps that cost the e-commerce pioneer its place as leader of the country’s tech industry.

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