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

LONDON (April 26): One fixture lurking like a troll in Arsenal's Premier League title run-in has probably consumed the thoughts of the club's fans more than any other -- Sunday's short trip to arch-rivals Tottenham Hotspur.

Like all big city derbies, pride and bragging rights are always...

Arsenal face derby test with title up for grabs

(April 26): Foreign states are using UK universities to “steal advantage” by covertly acquiring British intellectual property, the government warned, saying it would explore proposals to protect cutting-edge research and technology.

After an internal review found other countries are tar...

UK warns universities about research threat from foreign states

(April 26): The Tesla Inc. shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.

Tesla inves...

Tesla fires back at investor who doesn’t want pay fight in Texas

(April 26): Former President Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter....

Trump advisers discuss penalties for nations that move away from the dollar

NEW YORK/LONDON (April 26): Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram owner Meta hammered the tech sector, and Japan's yen sank through 155 per dollar for the first time since 1990.

Tepid U.S. GDP data pushed Wall Street...

Equities fall amid earnings gloom, as persistent inflation lifts Treasury yields

(April 26): Boeing's credit rating faced pressure for a second time this week as S&P brought the company one step closer to a junk rating on Thursday after a January mid-air blowout of a cabin panel led the planemaker to slow production of its best-selling jet.

The rating agency cha...

S&P slashes Boeing credit outlook as rating hovers above junk status

WASHINGTON (April 26): The Federal Communications Commission said on Thursday it is ordering the U.S. units of China Telecom, China Unicom and China Mobile to discontinue fixed or mobile broadband internet operations in the United States.

The FCC said it was requiring the Chinese carrie...

Agency bars Chinese telecom carriers from offering US broadband services

NEW YORK (April 26): Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms META.O.

Data on...

Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

(April 26): Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buybuck, cheering investors who sent the stock surging nearly 16% after the bell.

The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals ...

Google parent Alphabet announces first-ever dividend, shares soar

BRIGHTON, England (April 26): Phil Foden struck twice as Manchester City stepped up their bid for a fourth Premier League crown in a row with a ruthless 4-0 victory at Brighton & Hove Albion on Thursday.

A day after Liverpool's title challenge suffered a huge blow with a 2-0 defeat ...

Man City humble Brighton to keep pressure on Arsenal

AirAsia X Bhd (AAX), which will be taking over Capital A Bhd's aviation business, has announced the mechanics of its plan via a bourse filing on Thursday.

AirAsia X to buy Capital A's aviation business for RM6.8b via share and debt deal 

Chin Teck Plantations Bhd’s net profit surged sevenfold for the financial quarter ended Feb 29, 2024 (2QFY2024) thanks to higher palm oil production as well as lower operating and administrative expenses.

Chin Teck’s 2Q net profit up sevenfold

MKH Oil Palm (East Kalimantan) Bhd (MKHOP), the plantation arm of property developer MKH Bhd, reported RM16.02 million net profit on the back of RM86.05 million revenue for the second quarter ended March 31, 2024 (2QFY2024), ahead of its listing on Bursa Malaysia’s Main Market.

MKH Oil Palm posts RM16 mil net profit in 2Q, q-o-q up 44% ahead of Main Market listing

Practice Note 17 (PN17) company Khee San Bhd will increase the allotment underwritten in its proposed rights issue after Ng Meng Kee ceased to be a substantial shareholder and requested to discharge his undertaking.&nbsp;

Khee San revises underwriting of rights issue after substantial shareholder ceases to be, withdraws undertaking

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

AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec 

Pantech Group Holdings Bhd is considering to list two wholly-owned subsidiaries — Pantech Stainless &amp; Alloy Industries Sdn Bhd and Pantech Steel Industries Sdn Bhd — on the Main Market of Bursa Malaysia via a special purpose vehicle (SPV).

Plans for this are still at the preliminary stage and extensive preparatory work needs to be carried out, Pantech said in a bourse filing on Thursday.

Pantech mulls listing two subsidiaries on Main Market via SPV

ViTrox Corp Bhd saw its net profit nearly halved for the financial quarter ended March 31, 2024 (1QFY2024), primarily due to unfavourable product mix and higher research and development (R&amp;D) expenditures to support the introduction of new products.

ViTrox 1Q’s net profit nearly halved, extending declining profits to five quarters

Construction company Inta Bina Group Bhd has secured a contract worth RM224.8 million to develop a 38-storey business serviced apartment in Subang Jaya.

Inta Bina bags RM224.8m job to build business serviced apartments in Subang Jaya

The newly constituted board of Digital Nasional Bhd (DNB) will convene a meeting soon to review due diligence findings and address the remaining conditions precedent in the share subscription agreements (SSAs), said Digital Minister Gobind Singh Deo.

DNB's new board to review due diligence findings, finalise share subscription agreements soon — Gobind

Pavilion Real Estate Investment Trust (PavREIT) reported that its first quarter net property income (NPI) jumped 33.2% year-on-year, thanks largely to contribution from its newly acquired mall, Pavilion Bukit Jalil. The increase was also attributed to higher occupancy rates and higher revenue rent from its other retail malls.

PavREIT’s 1Q NPI jumps 33%, pays 2.48 sen distribution per unit

US economic growth slowed more than expected in the first quarter, but an acceleration in inflation suggested that the Federal Reserve would not cut interest rates before September.

US economic growth slows more than expected in first quarter

KUALA LUMPUR (April 25): The Companies Commission of Malaysia (SSM) expects more companies to utilise the new corporate rehabilitation framework introduced by the Companies (Amendment) Act 2024, which came into force on April 1.

SSM expects more companies to utilise new corporate rehabilitation framework

The Malaysian Anti-Corruption Commission (MACC) has served a senior police officer arrested on suspicion of protecting an illegal syndicate in the country's capital a notice to declare his assets before April 28.

Senior police officer arrested for alleged corruption given until April 28 to declare assets to MACC

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EVENING 5: Five things you need to know today

TAS Offshore Bhd’s net profit has leapt by nine-fold year-on-year for the financial quarter ended Feb 29, 2024 (3QFY2024) due to more vessels delivered.

TAS Offshore’s 3Q net profit up nine-fold, shares surge to eight-year high

US economic growth for the first quarter could be revised higher and inflation will ease to more normal levels, Treasury Secretary Janet Yellen told Reuters on Thursday after a clutch of "peculiar" factors held the economy to its weakest showing in nearly two years.

US growth may get revised up, inflation will ebb

PARIS (April 25): French President Emmanuel&nbsp;Macron&nbsp;appealed on Thursday for stronger, more integrated European defences and said the continent must not become a vassal of the United States, as he&nbsp;outlined&nbsp;his vision for a more assertive European Union (EU)&nbsp;on the global stage.

'Europe could die,' Macron warns, as he calls for stronger defences

Prime Minister Datuk Seri Anwar Ibrahim on Thursday gave assurance that the revised Public Service Remuneration System (SSPA), which will be announced soon, will be the best ever introduced in the country.

Revised public service remuneration system will be the best ever introduced — Anwar

As part of its continuing quest to add long-haul destinations to its routes over the long term, AirAsia X is exploring possible destinations in Eastern European countries such as Poland and Hungary, and the airline is not ruling out revisiting London and exercising its landing rights to Orlando in the United States.

AirAsia X mulls flying to Poland, Hungary, London and Orlando

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives hit a two-month low on Thursday, due to weaker soybean oil futures on the Chicago Board of Trade (CBOT), said a dealer.

Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the market sentiment was also weighed down by the Dalian Commodity Exchange’s refined, bleached, and deodorised palm olein during Asian trading hours.

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