<div class=newsTextDataWrapInner><p>PUTRAJAYA (Aug 12): Perikatan Nasional (PN) is set to form the Kedah state government after winning big in Kedah with 33 out of 36 seats in the state election that took place on Saturday.</p></div>

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<div class=newsTextDataWrapInner><p>Earlier, Election Commission (EC) chairman Tan Sri Abdul Ghani Salleh said that PN had won 19 out of 36 state seats contested in Kedah as of 10.20pm.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"With this (PN) has managed to obtain a majority of more than 50% of the number of seats contested," he said in a press conference at the EC Headquarters here.</p></div>

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PUTRAJAYA (Aug 12): Perikatan Nasional (PN) is set to form the Kedah state government after winning big in Kedah with 33 out of 36 seats in the state election that took place on Saturday.

Perikatan Nasional wins big in Kedah, secures 33 out of 36 seats

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

TNB, Berjaya Corp, Sime Darby Property, Uzma, Metronic, Kumpulan Perangsang Selangor, Key Alliance

US consumers’ long-term inflation expectations jumped to the highest since 2008 on concerns about potential tariffs from the incoming Trump administration.

Americans expect prices will climb at an annual rate of 3.3% over the next five to 10 years, up from the 3% expected last month, according to the University of Michigan’s preliminary January survey released on Friday.

US consumer inflation expectations jump to highest since 2008, says survey

Ho Hup Construction Company Bhd (KL:HOHUP), which has just resolved a winding-up petition in November filed by a diesel fuel supplier, has been served with yet another winding-up petition from a cement supplier due to an alleged unpaid sum of RM2.5 million.

Ho Hup gets another winding-up petition over alleged outstanding payment

Constellation Energy Corp surged after it agreed to acquire closely held Calpine Corp for US$16.4 billion (RM73.83 billion) to create the largest fleet of US power stations.

Shares of Constellation climbed as much as 23% in New York trading. Constellation will pay a mixture of cash and stock, and assume about US$12.7 billion of Calpine’s net debt in the deal, the companies said on Friday in a statement.

Constellation Energy surges after agreeing to buy Calpine for US$16.4 bil

Wall Street's main indexes fell on Friday, with the S&P 500 touching a one-week low after an upbeat jobs report stoked fresh inflation worries and reinforced bets that the Federal Reserve will take a cautious approach to interest rate cuts this year.

Wall Street drops after payrolls data; small-cap index set to confirm correction

US President-elect Donald Trump will not go to jail or pay a fine over his criminal conviction stemming from hush money paid to a porn star, a judge ruled on Friday, but the sentencing will place a judgment of guilt on his record.

Trump spared jail at hush money sentencing, days before inauguration

Police have arrested five individuals, including a senior executive of a local broadcasting company, on suspicion of being involved in a money laundering case.

Inspector-General of Police Tan Sri Razarudin Husain said the four men and one woman aged between 20 and 60, were detained at several locations, including in Penang and Sarawak.

Senior executive of broadcasting company arrested for alleged money laundering

The Ministry of Agriculture and Food Security says there is no directive or decision to reduce the price of paddy, as alleged by a farmers' group. 

In a statement on Friday, the ministry said "there has been no directive or decision regarding reducing the paddy purchase price to date".

Agriculture ministry denies plan to reduce paddy purchase price

The US will impose some of the harshest sanctions yet on Russia's oil industry, according to a purported US Treasury document circulating among traders in Europe and Asia that drove global oil prices 3% higher on Friday.

US to impose sanctions on Russian oil fleet, document shows

KUALA LUMPUR (Jan 10): Sapura Resources Bhd, a property and aviation group, announced several boardroom changes via bourse filings on Friday, including the appointment of Reza Abdul Rahim as its new chief executive officer, with immediate effect.

Just three months earlier on Oct 10, 202...

Sapura Resources names acting MD Reza Abdul Rahim as CEO in boardroom reshuffle

<p>Berjaya Group is seeking a new partner as it bids for a proposed multibillion-dollar high-speed rail (HSR) line between Kuala Lumpur and Singapore, after Malaysian Resources Corp Bhd (KL:MRCB) withdrew from the consortium, Berjaya Corporation Bhd (KL:BJCORP)&nbsp;founder Tan Sri Vincent Tan Chee Yioun Chiun said.</p>


Berjaya's Vincent Tan seeks new partner in KL-Singapore HSR bid

<p>Former prime minister Datuk Seri Najib Razak was visibly shaken on Friday as the prosecution attacked his defence testimony with an onslaught of questions on the infamous ‘donation’ from Saudi royalty.</p>


Najib visibly shaken as prosecution attacks his inconsistencies over 'donation' details

<p>Oriental Kopi Holdings Bhd (KL:KOPI) could deliver a strong share price gain with above-peer valuations backed by robust earnings growth, according to two research houses starting coverage of the soon-to-be-listed café operator.</p>


Oriental Kopi may deliver strong share price gain after IPO; Apex, Tradeview start coverage with ‘buy’

<p>Tenaga Nasional Bhd or TNB (KL:TENAGA) said its indirectly wholly owned unit TNB Western Energy Bhd (TNB WE) has been slapped with an income tax bill amounting to RM291.55 million for the year of assessment 2018 from the Inland Revenue Board (IRB).</p>


Tenaga Nasional unit gets additional RM292m tax bill

<p>Gamuda Land and Public Bank Bhd (KL:PBBANK) have introduced Malaysia’s first flexible 120% home financing package, the PB SmartLiving scheme, offering new levels of accessibility and affordability for homebuyers.</p>


Gamuda Land, Public Bank unveil Malaysia's first 120% home financing plan

<p>Risks are building up towards an earlier rate hike due to Malaysia's removal of RON95 petrol subsidies, according to BMI, a Fitch Solutions company, though it officially forecasts the rate to remain unchanged this year.</p>


BMI says Malaysia's planned RON95 subsidy removal heightens rate hike risk, but keeps OPR target at 3%

<p>The secretariat for the Federal Territories&nbsp;Pardons Board has denied the existence of any additional document or royal addendum in its official files or records that purportedly allows former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest.</p>


No royal addendum for Najib's house arrest in Pardons Board's records, says secretariat

<p>U Mobile Sdn Bhd, the nation’s newly selected second 5G network access provider, is set to deploy between 5,000 and 7,000 5G sites across Malaysia, according to industry sources cited by RHB Research.</p>


U Mobile set to deploy up to 7,000 5G sites across Malaysia, RHB says, citing sources

<p>Despite being known as a consummate gentleman, Datuk Seri Najib Razak told the High Court here on Friday that he didn't send thank-you notes or express any gesture of gratitude after receiving donations from the Arab royalty.</p>


1MDB-Tanore: Why no thank-you note to Saudi donors? Prosecution takes aim at consummate gentleman Najib's 'bad manners'

<p>LBS Bina Group Bhd (KL:LBS) has launched Centrum Iris, the second precinct of Cameron Centrum and the largest mixed development of commercial offerings located in Cameron Highlands, Pahang. It has a projected gross development value of RM472 million.</p>


LBS unveils Centrum Iris in Cameron Highlands, Pahang

<p>Despite the anticipation of incoming personal donations of substantial amounts, former prime minister Datuk Seri Najib Razak told the High Court here on Friday that he did not know how the Saudi royalty had obtained his personal bank account details.</p>


1MDB-Tanore: Najib says unaware how Saudi donors got his account details or knew of account change

<p>Prime Minister Datuk Seri Anwar Ibrahim has expressed hope that the clean hydrogen energy collaboration project between Petroliam Nasional Bhd (Petronas), Petroleum Sarawak Bhd (Petros) and Japanese companies could be facilitated by May this year.</p>


Anwar hopes Petronas, Petros hydrogen venture can meet May deadline for facilitation

<p>Malaysia's palm oil stocks declined for a third consecutive month, falling 6.91% to 1.71 million tonnes at the end of December, data from the industry regulator showed on Friday.</p>


Malaysian palm oil stocks hit 19-month low in December as output drops

<p>Tesla Inc officially launched its refreshed Model Y sport utility vehicle in China on Friday and started to take orders, its website showed.</p>


Tesla launches refreshed Model Y Juniper SUV in China

<p>Maybank Investment Bank Bhd (Maybank IB) believes the Malaysian consumer sector is poised for a strong year in 2025, driven by robust macroeconomic factors and government assistance that are expected to boost disposable income, improving consumer sentiment and spending capacity.</p>


Maybank IB: Malaysian consumer sector poised for strong year in 2025

<p>The frequency of Keretapi Tanah Melayu (KTM) bus and commuter train services on the Port Klang-KL Sentral-Port Klang route will each be reduced by 30 minutes during peak hours from Jan 17 and Jan 20 respectively.</p>


Port Klang-KL Sentral KTM Komuter service to boost frequency by 30 mins during peak hours — Loke

<p>Malaysia’s industrial production index (IPI) climbed 3.6% year-on-year (y-o-y) in November 2024, faster than the 2% growth registered in the previous month, driven by higher manufacturing and electricity output.</p>


Malaysia’s industrial output grew faster than expected at 3.6% in November

<p>Kenanga Investment Bank Bhd (Kenanga IB) has estimated that any potential capital expenditure (capex) cut by Petroliam Nasional Bhd (Petronas) following a gas distribution agreement with Petros in Sarawak would not exceed RM10 billion annually.</p>


Kenanga IB sees Petronas capex cut not exceeding RM10 bil after Petros gas deal

<p>AmanahRaya Real Estate Investment Trust (REIT) (KL:ARREIT) on Thursday announced the resignation of Tunku Rozita Tunku Abdul Malek as its executive director and the managing director of its manager AmanahRaya-Kenedix REIT Manager Sdn Bhd, due to personal reasons.</p>


AmanahRaya REIT announces resignation of Tunku Rozita and names Mohd Iskandar as acting MD

<p>The Malaysian government has announced preliminary anti-dumping duties on the imports of tinplate — flat-rolled products of iron or non-alloy steel coated with tin — from China, India, Japan and South Korea, effective Saturday (Jan 11), at rates ranging from 2.52% to 36.8%.</p>
