<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 19): Former three-term Sungai Petani Member of Parliament Datuk Johari Abdul from PKR of the Pakatan Harapan (PH) coalition was voted in as the new Dewan Rakyat Speaker.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Prime Minister and PH chairman Datuk Seri Anwar Ibrahim had nominated Johari for the post, while Deputy Prime Minister and Barisan Nasional chairman Datuk Seri Dr Ahmad Zahid Hamidi seconded.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, Opposition Leader and Perikatan Nasional secretary general Datuk Seri Hamzah Zainudin had nominated former home minister Tan Sri Mohd Radzi Sheikh Ahmad, and Kota Bharu MP Datuk Seri Takiyuddin Hassan seconded.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Following the casting of votes by MPs, Johari Abdul received 147 votes, while Mohd Radzi received 74 votes.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Johari, who was the Kedah State Legislative Assembly opposition leader, announced a day before (Sunday, Dec 18) that he had vacated his Gurun state seat.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The election of the Dewan Rakyat Speaker was top on the agenda of the first meeting of the first session of the 15th Parliament under the Unity Government led by Anwar on Monday.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><em>For more&nbsp;Parliament&nbsp;stories, click&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.theedgemarkets.com/flash-categories/parliament&amp;source=gmail&amp;ust=1671461208158000&amp;usg=AOvVaw0xPpIPcX2yZTfhZ3vYo8qG" href="https://www.theedgemarkets.com/flash-categories/parliament" target="_blank">here</a>.</em></p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://www.theedgemarkets.com/article/johari-abdul-vacates-gurun-state-seat-immediate-effect" target="_blank">Johari Abdul vacates Gurun state seat with immediate effect</a></em></p></div>


Former three-term Sungai Petani Member of Parliament Datuk Johari Abdul from PKR of the Pakatan Harapan (PH) coalition was voted in as the new Dewan Rakyat Speaker.

Johari Abdul is new Dewan Rakyat Speaker

Americans are coming to terms with renting as an alternative to an increasingly unaffordable market for homebuyers.
 
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Human capital management provider Ramssol Group Bhd (KL:RAMSSOL) said its 51%-owned subsidiary in Thailand has secured a contract worth 275 million baht (RM35.61 million) to undertake an artificial intelligence (AI) healthcare solutions project for a hospital.

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Donald Trump should call President Vladimir Putin to open up a line of communications with Russia and ultimately push towards a ceasefire in Ukraine, Hungarian Prime Minister Viktor Orban’s top aide said.

Trump should call Putin to push Ukraine peace, says Orban aide 

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In the second quarter, which went through September, sales and adjusted earnings topped the average estimate from analysts.

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Carlyle Group Inc top boss Harvey Schwartz said the clear outcome to the presidential election will give corporate chiefs and investors more security to make big decisions and do more deals.
 
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The head of HSBC Holdings plc’s new global wholesale banking division said the lender will seek to wrap up an ongoing restructuring “very quickly” and could announce the first round of job cuts within weeks.

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Home Minister Datuk Seri Saifuddin Nasution Ismail defended the use of the Security Offences (Special Measures) Act 2012 or Sosma in the investigation involving GISB Holdings Sdn Bhd (GISB).

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Huawei has provided hundreds of mobile network sites as well as cloud services and intelligent operation centres in Sarawak, which have helped improve wireless network coverage in remote areas, accelerating the country’s digital transformation, said Prime Minister Datuk Seri Anwar Ibrahim.

Huawei helps to accelerate country's digital transformation — PM 

Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday.

Ekovest, Eco World, Mah Sing, Pentamaster, Sentral REIT, KKB Engineering, Microlink, FGV, Southern Steel 

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IOI Properties withdraws Shenton House proposal at shareholders meeting while it considers options

<p>The federal government on Thursday disputed Semantan Estate (1952) Sdn Bhd’s possession of the 263.72-acre (106.72-hectare) ‘Duta Enclave’ prime land, saying that the company, which is presently under liquidators’ control, is only entitled to monetary compensation based on the Government Proceedings Act 1956 (GPA) and the Specific Relief Act 1950 (SRA).</p>


Lawyers dispute govt's claim that Semantan Estate only entitled to compensation, not return of Duta Enclave land

<p>SINGAPORE (Nov 7): Genting Singapore has reported a net profit after taxation (NPAT) of S$79.4 million (RM263.36 million) for its 3QFY2024 ended Sept 30, 2024, 63% lower year-on-year (y-o-y) and 27% lower quarter-on-quarter (q-o-q), amid the slower recovery of international visitor arrivals to Singapore.</p>


Genting Singapore’s 3QFY2024 net profit after taxation at S$79.4m, 63% lower y-o-y

<p>KUALA LUMPUR (Nov 7): Metro Healthcare Bhd (KL:MHCARE) announced that the 24.47 million shares available to the public in its initial public offering (IPO) was oversubscribed by 38.6 times.</p>


Public portion of Metro Healthcare’s IPO oversubscribed by 38 times

<p>Malaysia's state energy firm Petroliam Nasional Bhd (Petronas) on Thursday said it has lifted the force majeure on gas supply to one of its liquefaction terminals, Malaysia LNG Dua, starting Nov 1.</p>


Petronas lifts force majeure on gas supply from Malaysia LNG Dua

<p>A federal lawmaker from Sabah has alleged that one of the packages under the Pan Borneo Highway project in the state involved "multiple levels of subcontracting" and wants Putrajaya to terminate the contractor.</p>


Sabah MP alleges 'multiple levels of subcontracting' in Pan Borneo Highway project

<p>The Malaysian government on Thursday launched the InvestMalaysia portal, which aims to be a one-stop gateway for investors to obtain information on Malaysia, to attract global investors and strengthen the country's position as an investment destination.</p>


Malaysia launches InvestMalaysia portal to attract global investors

<p>Road infrastructure construction firm Azam Jaya Holdings Bhd (KL:AZAMJAYA), set to list on the Main Market of Bursa Malaysia next Monday (Nov 11), reported a net profit of RM4.65 million or 0.93 sen per share for its second quarter ended June 30, 2024 (2QFY2024).</p>


Construction firm Azam Jaya posts RM4.65 mil profit in 2Q ahead of listing

<p>TMK Chemical Bhd said it has signed a retail underwriting agreement with Maybank Investment Bank Bhd in conjunction with the chemical company's initial public offering (IPO) on the Main Market of Bursa Malaysia.</p>


TMK Chemical inks underwriting deal with Maybank for Main Market IPO

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday.</p>


<p>Malaysia's international reserves dipped slightly in October after the central bank accumulated the biggest hoard in nearly a decade.</p>


Bank Negara's international reserves dipped to US$117.6 bil as at Oct 30

<p>Falling interest rates in advanced economies will be positive for the ringgit at a time when Malaysia keeps its policy rate unchanged while the economic fundamentals remain healthy, said Bank Negara Malaysia (BNM).</p>


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<p>CIMB Group Holdings Bhd (KL:CIMB) could post decent earnings growth for the third quarter which could help it achieve its return on equity (ROE) target of 11%-15% this year, despite the slower 4Q expected ahead, analysts said.</p>


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<p>A summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.</p>


FBM KLCI down 0.67% to 1,623.28 on Nov 7, 2024

<p>The Malaysian Anti-Corruption Commission (MACC) has found several suspicious transactions in an investigation into investment losses of RM43.9 million in FashionValet Sdn Bhd.</p>


MACC spots suspicious transactions in probe into FashionValet investment loss

<p>KUALA LUMPUR (Nov 7): IHH Healthcare Bhd (KL:IHH), via its subsidiary Pantai Holdings Sdn Bhd, has successfully issued its maiden RM4 billion sukuk under its newly established RM15 billion sukuk wakalah programmes, the proceeds of which will go towards funding its acquisition of the 600-bed Island Hospital in Penang, which it announced in September.</p>


IHH issues RM4b sukuk for Island Hospital acquisition, with OCBC as lead arranger

<p>Pentamaster Corp Bhd (KL:PENTA) said its third quarter net profit fall 49.9% to RM11.77 million, from RM23.49 million a year ago, dragged down by lower automated test equipment (ATE) sales performance and foreign exchange losses.</p>


Pentamaster’s 3Q profit halves on lower auto-related sales, forex losses

<p>The US Federal Reserve (Fed) is expected to reduce its benchmark policy rate by a quarter of a percentage point at the end of its policy meeting on Thursday, a decision that may seem a footnote given the uncertain economic terrain the central bank may soon be navigating under a second Trump administration.</p>


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<p>Nissan Motor said it would slash 9,000 jobs and cut global production capacity by a fifth, while revising its annual profit outlook sharply lower as it battles headwinds in China and the US.</p>


Nissan plans 9,000 job cuts, slashes annual profit outlook

<p>Chinese President Xi Jinping congratulated Donald Trump on his US&nbsp;presidential win, and urged both nations to find the "right way to get along", as looming US&nbsp;tariffs threatened to return them to the days of a trade war years ago.</p>
