<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 25): UBB Amanah Bhd's chairman Tan Sri Dr Suleiman Mohamed has been made the independent, non-executive chairman of Yoong Onn Corp Bhd since June 1.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing, the bed and bath linen maker announced that the 76-year-old had been redesignated from the post of independent and non-executive director, which he was appointed to when he first joined the company's board in March. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>According to Yoong Onn, Suleiman, a former member of Parliament who was elected for four consecutive terms between 1986 and 2004, also sits on the boards of Xin Hwa Holdings Bhd and UBB Amanah. In UBB Amanah, he sits as the cash trust's chairman.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Suleiman succeeds Datuk Kamaludin Yusof, who resigned from the chairman post back in end-May this year to comply with Main Market Listing Requirements, where all long-serving independent directors of more than 12 years must resign or be redesignated as a non-independent.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Yoong Onn closed three sen or 1.9% lower at RM1.55, giving the company a market capitlisation of RM248 million.</p></div>


UBB Amanah Bhd's chairman Tan Sri Dr Suleiman Mohamed has been made the independent, non-executive chairman of Yoong Onn Corp Bhd since June 1.

UBB Amanah chairman Suleiman now helms Yoong Onn's board

The legal counsel for Segambut Member of Parliament Hannah Yeoh has filed an appeal in the Court of Appeal on Thursday challenging the High Court's decision to dismiss her defamation suit against former inspector general of police Tan Sri Musa Hassan.

Hannah Yeoh appeals dismissal of defamation suit against ex-IGP

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

TNB, Samaiden, Gadang, Aizo, MyMBN, YTL Power, Kawan Renergy, Taghill, BHIC, Teck Guan, CCK, Lebtech, Southern Cable

Wall Street's main indexes drifted lower in light trading volumes on Thursday, as rising yields pressured some shares, while investors looked for a year-end boost from the so-called Santa Claus rally.

Wall Street slips as rising yields pressure some shares 

Azerbaijan Airlines’ Embraer SA 190 aircraft was damaged by Russian air defence systems near Grozny before it crashed in Kazakhstan during an attempted emergency landing, according to Azerbaijan government-backed Caliber news website.

Azeri plane hit by Russian air defence before crash — report

YTL Power International Bhd (KL:YTLPOWR) said on Thursday that the Employees Provident Fund (EPF) has once again ceased to be a substantial shareholder in the multi-utility owner and operator after offloading 14.93 million shares.

EPF ceases to be substantial shareholder in YTL Power

Keyfield International Bhd (KL:KEYFIELD) has issued its maiden RM200 million Islamic bonds (sukuk) under its sukuk wakalah programme of RM1 billion.

Keyfield International issues maiden RM200m sukuk

The Taiping High Court has awarded RM1.8 million in damages to a former security guard who sustained a brain injury due to medical negligence during treatment following a motorcycle accident in 2016.

Court awards RM1.8 mil to ex-security guard over medical negligence

EVENING 5: Base electricity tariff for 2025-2027 to be adjusted upward, says TNB

Finnish authorities said they had boarded and taken control on Thursday of an oil tanker travelling from Russia, on suspicion it had caused the outage on Wednesday of an undersea power cable and three internet lines connecting Finland and Estonia.

Finland boards oil tanker after internet and power cable outages

Recurring applications for US unemployment benefits rose to the highest in more than three years, adding to signs that it is taking longer for out-of-work people to find a job.

US continuing claims rise to highest in more than three years

<p>Peninsular Malaysia's base electricity tariff has been set at 45.62 sen per kilowatt hour (kWh) in the three-year regulatory period 2025-2027 (RP4), said Tenaga Nasional Bhd (TNB) (KL:TENAGA).&nbsp;</p>


TNB announces higher base electricity tariff for 2025-2027, raises capex to ensure reliable supply

<p>Boustead Heavy Industries Corp Bhd (KL:BHIC) has appointed former Royal Malaysian Air Force (RMAF) chief Tan Sri Roslan Saad as its independent non-executive chairman.</p>


Boustead Heavy Industries names ex-air force chief as chairman

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


<p>Bird's nest processor MyMBN Bhd (KL:MBN) said the government has imposed a temporary suspension on the export of bird's nest products to China following the discovery of the Newcastle disease in Malaysia.</p>


MyMBN says bird's nest exports to China suspended due to Newcastle disease

<p>YTL Power International Bhd (KL:YTLPOWR) said on Thursday that the Employees Provident Fund (EPF) has once again ceased to be a substantial shareholder in the multi-utility owner and operator after offloading 14.93 million shares.&nbsp;</p>


<p>Here’s a quick look at some of the stories that made headlines today.</p>


EVENING 5: Five things you need to know today

<p>Teck Guan Perdana Bhd (KL:TECGUAN) said its third quarter net profit fell 34.3% to RM2.39 million from RM3.64 million a year ago, on lower revenue and a net loss on forward currency contracts amounting to RM4.33 million.</p>


Teck Guan's 3Q net profit falls 34% on lower revenue, loss on forward currency contracts

<p>Kawan Renergy Bhd co-founder and managing director Lim Thou Lai has pared his stake in the ACE Market-listed engineering services firm to 67.03%.</p>


Kawan Renergy MD Lim Thou Lai trims stake to 67%

<p>The legal counsel for Segambut Member of Parliament Hannah Yeoh has filed an appeal in the Court of Appeal on Thursday challenging the High Court's decision to dismiss her defamation suit against former inspector general of police Tan Sri Musa Hassan.</p>


<p>Finnish authorities said they had boarded and taken control on Thursday of an oil tanker travelling from Russia, on suspicion it had caused the outage on Wednesday of an undersea power cable and three internet lines connecting Finland and Estonia.</p>


<p>Taghill Holdings Bhd (KL:TAGHILL), formerly known as Siab Holdings Bhd, said on Thursday that its wholly owned unit has received an adjudication claim from its subcontractor, seeking to recover an outstanding amount of RM2.59 million.</p>


Taghill unit faces adjudication claim from subcontractor

<p>The Taiping High Court has awarded RM1.8 million in damages to a former security guard who sustained a brain injury due to medical negligence during treatment following a motorcycle accident in 2016.</p>


<p>The Malaysian Anti-Corruption Commission (MACC) aims to focus on eradicating corruption in procurement, enforcement and grand corruption to help the country's economy, reduce leakages and return misappropriated national assets and money next year.</p>


MACC sets sights on 'grand corruption', to revamp structure in 2025 — Azam Baki

<p>Keyfield International Bhd (KL:KEYFIELD) has issued its maiden RM200 million Islamic bonds (sukuk) under its sukuk wakalah programme of RM1 billion.</p>


<p>Türkiye’s central bank lowered interest rates for the first time in almost two years after consumer inflation showed signs of easing and said that future easing steps would depend on price data.</p>

<p>The bank’s Monetary Policy Committee, led by governor Fatih Karahan, on Thursday cut its one-week repo rate to 47.5% from 50%, after keeping it on hold for eight months in a row.</p>


Türkiye lowers main rate to 47.5% in first cut since 2023

<p>Wall Street's main indexes drifted lower in light trading volumes on Thursday, as rising yields pressured some shares, while investors looked for a year-end boost from the so-called Santa Claus rally.</p>


<p>US crude exports to China plunged by almost half this year as shifts in the nation’s economy weighed on demand and it bought more barrels from other countries including Russia and Iran.</p>

<p>Exports of US oil to China plunged to 81.9 million barrels over the course of the year, down 46% from 150.6 million barrels last year, according to data from Kpler.</p>


US oil exports to China dwindle as demand wanes, buying shifts

<p>Recurring applications for US unemployment benefits rose to the highest in more than three years, adding to signs that it is taking longer for out-of-work people to find a job.</p>


<p>The turmoil that’s threatening to topple Prime Minister Justin Trudeau has members of his political party poring over the rulebook for replacing him.</p>

<p>Trudeau is under mounting pressure from elected lawmakers in his ruling Liberal Party to leave after nine years in power.</p>


Trudeau’s crisis puts spotlight on succession rules for Canada’s Liberals

<p>The United Arab Emirates (UAE) will require companies to monitor and report their emissions in an effort to reach a target to become carbon neutral by 2050.</p>

<p>All companies with emissions equivalent to 500,000 tonnes or more of carbon dioxide per year are required to participate, according to legislation that comes into force on Dec 28.&nbsp;</p>
