<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 18): Perikatan Nasional (PN) has removed Datuk Mohd Radzi Md Jidin as the coalition’s election director and dismissed Datuk Seri Mohamed Azmin Ali as its deputy secretary general.</p></div>

<div class=newsTextDataWrapInner><p>Mohd Radzi will be replaced by Datuk Seri Muhammad Sanusi Md Noor, the coalition’s chairman Datuk Seri Ahmad Samsuri Mokhtar said in a statement. Meanwhile, Subramaniam Surunaryan will step into Muhammad Sanusi’s current role as treasurer.</p></div>

<div class=newsTextDataWrapInner><p>The changes are effective immediately, Ahmad Samsuri said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The move comes as PAS solidifies their takeover over the coalition’s leadership after ending their ties with Bersatu.</p></div>

<div class=newsTextDataWrapInner><p>Ahmad Samsuri, who is also the Terengganu menteri besar, was appointed as the coalition’s chairman in February to replace former prime minister and Bersatu president Tan Sri Muhyiddin Yassin. Bersatu and PAS, nevertheless, wanted to remain in PN.</p></div>

<div class=newsTextDataWrapInner><p>Ahmad Samsuri said he is exercising his powers under PN’s constitution in the latest administration restructuring as the coalition heads into the Johor and Negeri Sembilan state elections.</p></div>

<div class=newsTextDataWrapInner><p>An emergency meeting of the PN Supreme Council will be held in the near future to strengthen the organisation, he added.</p></div>


KUALA LUMPUR (June 18): Perikatan Nasional (PN) has removed Datuk Mohd Radzi Md Jidin as the coalition’s election director and dismissed Datuk Seri Mohamed Azmin Ali as its deputy secretary general.

Bersatu’s Radzi Jidin, Azmin Ali dismissed from PN roles

A surge in travel fuelled by Taiwan’s artificial intelligence (AI) boom is driving record results at Formosa International Hotels Corp, highlighting the technology sector’s growing impact beyond the island’s chip industry.

Tycoon says Taiwan’s tech boom is filling up his luxury hotels

KUALA LUMPUR (Oct 12): Genting Bhd (KL:GENTING) fell to its lowest in nearly two decades after the gaming conglomerate announced a RM1.25 billion cash call to pare down borrowings.

Genting falls 23% to 2007 lows after over RM1 bil cash call 

The government is in discussions with Tenaga Nasional Bhd (KL:TENAGA) and the Energy Commission (EC) on measures it can take to subsidise households’ electricity next year, as fuel costs are expected to remain elevated.

Govt in talks with TNB, regulator on electricity subsidy measures for 2027

Oil and gas services provider Deleum Bhd (KL:DELEUM) has entered into a heads of agreement (HOA) to sell its 86.67% stake in Deleum Technology Solutions Sdn Bhd (DTS) to Ocean Vantage Holdings Bhd (KL:OVH) for RM13 million cash.

Deleum plans RM13 mil disposal of technology solutions unit to Ocean Vantage

Yang di-Pertuan Besar of Negeri Sembilan, Tuanku Muhriz Tuanku Munawir, has decided not to attend the Conference of Rulers meeting, scheduled for Oct 13 to 15, to focus on state affairs, particularly the ceremony concerning the appointment of the Undang of Jelebu.

Tuanku Muhriz will not attend Conference of Rulers meeting

Indian factories, smelters and households are being hit by blackouts and rising energy costs as the impact of plunging coal stockpiles at the country’s power stations ripples through the economy.

Blackouts hit Indian factories as coal crunch feeds into economy

The National Cooperative Organisation of Malaysia Bhd (Angkasa) has suggested that all registered cooperatives, including mosque cooperatives, fulfil the qualification requirements to become MyKasih store business partners.

Angkasa wants all cooperatives to fulfil qualification process to become MyKasih business partners

China’s thermal coal prices climbed to a three-year high as sluggish domestic production growth and disruptions in top exporter Indonesia coincide with an energy rally driven by the US-Iran war.

China coal prices at three-year high with little relief in sight

Goldman Sachs Group Inc strategists are turning positive on global stocks for the short term, citing a boost from strong earnings for markets already trading near all-time highs.

Goldman strategists upgrade global stocks on earnings boost

HSBC Holdings Plc will phase out fixed-pay allowances for its senior staff and instead hand out a greater proportion of its compensation in the form of bonuses.

HSBC moves to Wall Street bonus model as it cuts fixed-pay deals

<p>KUALA LUMPUR (Oct 12): Genting Bhd (KL:GENTING) fell to its lowest in nearly two decades after the gaming conglomerate announced a RM1.25 billion cash call to pare down borrowings.</p>


<p>KUALA LUMPUR (Oct 12): The High Court on Monday fixed June 14 next year for case management over the Malaysian Bar’s legal challenge against the Attorney General’s decision to drop its investigation against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi in the Yayasan Akalbudi case.</p>


Bar's challenge to AG’s decision to drop Zahid probe on hold pending apex court ruling

<p>AirAsia (KL:AAGB) co-founder Tan Sri Tony Fernandes met with officials from Malaysia's Finance Ministry two weeks ago to discuss potential government support for Southeast Asia's largest low-cost airline, said three people with knowledge of the matter.</p>


AirAsia in talks with govt over potential funding support — Reuters

<p>RHB Research sees value emerging in Malaysian property stocks after the recent sell-off, with the sector now trading at a 60% discount to their revalued net asset value (RNAV), wider than the 50% in May.</p>


RHB sees value in battered property stocks, now at a 60% discount to asset value

<p>KYIV/WASHINGTON (Oct 11): US President Donald Trump made a surprise announcement of an energy ceasefire between Russia and Ukraine on Sunday that he said was "effective immediately", but Ukrainian leader Volodymyr Zelenskiy said he was still waiting to see details of the deal.</p>


Trump announces Ukraine energy ceasefire with Russia, surprising Zelenskiy

<p>The market is repricing the risks around investments related to the buildup of artificial intelligence that could lead to more discipline in financing, according to DBS Group Holdings Ltd chief executive officer Tan Su Shan.</p>


DBS CEO Tan says market repricing risks on AI financing

<p>1Malaysia Development Bhd (1MDB) is in talks with Deutsche Bank (M) Bhd&nbsp;to settle their legal dispute, the court heard on Monday.</p>


1MDB in settlement talks with Deutsche Bank

<p>KUALA LUMPUR (Oct 12): His Majesty Sultan Ibrahim, King of Malaysia,&nbsp;attended a state welcoming ceremony at Istana Negara on Monday, marking the start of King Abdullah II of Jordan's two-day state visit to Malaysia, which began on Sunday (Oct 11).</p>


Sultan Ibrahim attends state welcoming ceremony for Jordan’s King Abdullah II

<p>Two startling pieces of news surfaced last week about private companies that collect money on behalf of the government.</p>


Frankly Speaking: When suspension is not good enough

<p>KUALA LUMPUR (Oct 12): United Malacca Bhd (KL:UMCCA) said minority shareholders will be compensated for missing a general offer that should have been launched in 2024.</p>


United Malacca to compensate minority shareholders for missing general offer

<p>KUALA LUMPUR (Oct 12): Opposition leader Datuk Seri Hamzah Zainuddin said Malaysia should develop new revenue sources to support its finances beyond petroleum, proposing the establishment of a national rare earth entity modelled on Petroliam Nasional Bhd (PETRONAS).</p>


Hamzah proposes PETRONAS-style rare earth entity to develop industry

<p>AS the life expectancy of Malaysians increases, Putrajaya is aiming for at least 60% of Employees Provident Fund (EPF) members to meet the Basic Savings benchmark of RM390,000 by age 60 by 2030. However, the government acknowledges that many Malaysians still risk outliving their savings during a ...

The State of the Nation: Recasting the age 55 EPF withdrawal into a lifetime pension promise  

<p>Consumer and property stocks could emerge as among the main beneficiaries of Budget 2027, although analysts see limited upside for the broader equity market.</p>


Consumer, property stocks poised to gain from Budget 2027 measures — analysts

<p>KUALA LUMPUR (Oct 12): Opposition leader Datuk Seri Hamzah Zainuddin urged the government and Lembaga Tabung Haji (TH) to review the RM15,000 minimum savings requirement for eligibility to join the haj queue.</p>


Opposition leader urges review of Tabung Haji’s RM15k minimum savings requirement for haj queue

<p>Our small and medium enterprises (SMEs) are in real danger of being gutted by their hyper-competitive counterparts from China whose overcapacity is being exported to our domestic markets. They create very little domestic employment and value-add, bringing in an en bloc shipment of labour and over...

My Say: The SME crisis: How China’s exported over-capacity is gutting Malaysia’s private sector

<p>FORMER Employees Provident Fund CEO Tan Sri Shahril Ridza Ridzuan’s suggestion that employers raise their EPF contribution level to help lift the retirement savings of lower-wage earners raised eyebrows as it called attention to his illustration that employers could hypothetically contribute only...

The State of the Nation: Don’t penalise high-income earners when lifting EPF contribution for lower-wage cohorts

<p>THE government’s move to support a fundraising drive for low-cost carrier AirAsia Group Bhd (KL:AAGB) is raising questions over how far it should go to help a heavily indebted private company and whether taxpayers could ultimately be left footing the bill.</p>

<p>People familiar with the matte...

Debate over government’s role in private enterprise

<p>IN Malaysian restaurants, a telling sign of growing pressure on household budgets can be seen in what customers are increasingly omitting from their orders.</p>

<p>In its latest Malaysia Retail Industry Report, Retail Group Malaysia (RGM) says many diners are choosing cheaper dishes and drinks...

The State of the Nation: Malaysia’s economy growing, but consumers counting every ringgit

<p>US President Donald Trump’s Libe­ration Day tariffs, first unveiled in April 2025, triggered a barrage of near-uniform criticisms from economists and trade experts.</p>


Tong's Portfolio - Trump’s tariffs: Why the inflation shock never came

<p>NEW DELHI/SINGAPORE (Oct 12): Oil prices slipped on Monday on expectations of more Russian supplies after US President Donald Trump said Ukraine and Russia had agreed to halt attacks on each other's energy facilities following a US diesel-supply deal with Moscow.</p>
