<div class=newsTextDataWrapInner><p>KOTA KINABALU (Jan 6): Sabah UMNO and Barisan Nasional (BN) announced that they are withdrawing their support for Gabungan Rakyat Sabah's (GRS) Datuk Seri Hajiji Noor as Chief Minister on Friday night.</p></div>

<div class=newsTextDataWrapInner><p>Sabah UMNO liaison committee chairman Datuk Seri Bung Moktar Radin, who is also state BN chairman, said the stand decided at the party meeting here on Friday night was made because of a loss in confidence in Hajiji’s position as Chief Minsiter, in addition to a breach of agreement&nbsp;between BN and&nbsp;Perikatan Nasional (PN).</p></div>

<div class=newsTextDataWrapInner><p>Bung Moktar said BN and PN implemented an agreement to form the state government following the Sabah state elections in 2020, but Hajiji and other leaders of Sabah Bersatu, which is a component of PN, left the party, causing the state government to lose its legitimacy.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Hajiji also threatened us with a Cabinet reshuffle without any discussion. We have also lost confidence after Hajiji lost his&nbsp;locus&nbsp;standi and qualifications to be selected as Sabah Chief Minister.</p></div>

<div class=newsTextDataWrapInner><p>“According to the Sabah state constitution, the chief minister must be chosen from a party with the majority. He (Hajiji) is without a party, his standing is under GRS, which is a grand coalition party,” he said in a media conference at Sabah UMNO Building in Karamunsing here on Friday night.</p></div>


Sabah UMNO and Barisan Nasional (BN) announced that they are withdrawing their support for Gabungan Rakyat Sabah's (GRS) Datuk Seri Hajiji Noor as Chief Minister on Friday night.

Sabah UMNO liaison committee chairman Datuk Seri Bung Moktar Radin, who is also state BN chairman, said the stand decided at the party meeting here on Friday night was made because of a loss in confidence in Hajiji’s position as Chief Minsiter, in addition to a breach of agreement between BN and Perikatan Nasional (PN).

Sabah Umno, BN withdraw support for Hajiji as Sabah chief minister — Bung Moktar

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Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.

Mercury Securities values ACE Market-bound Sin-Kung Logistics at 14 sen

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MORNING CALL: 26/4/24

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YTL Corp eyeing to extend upside movement, says RHB Retail Research 

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


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

<p>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.</p>


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

<p>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.</p>


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

<p>Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.</p>


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

<p>Harvey Weinstein's 2020 conviction for sexual assault and rape was overturned by New York's highest court, reopening the landmark case that fuelled the #MeToo movement and highlighting the challenges of holding powerful men accountable.</p>


Harvey Weinstein's rape conviction overturned by top New York court

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


US growth may get revised up, inflation will ebb

<p>Hulu Selangor Bersatu action division head has been named as Perikatan Nasional's (PN) candidate for the Kuala Kubu Baharu (KKB) state by-election on May 11.</p>


PN names Hulu Selangor Bersatu acting division head as candidate for KKB by-election

<p>EUPE Corp Bhd's net profit surged by 28.9% to RM14.54 million in the fourth quarter ended Feb 29, 2024 (4QFY2024) from RM11.28 million a year ago, underpinned by a higher contribution from the property development division.</p>


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<p>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.</p>


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

<p>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.</p>

<p>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.</p>


CPO futures hit two-month low at the close, in line with weaker rival oils

<p>Infoline Tec Group Bhd has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia as it has met the profit requirements for the transfer.</p>


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<p>Al-’Aqar Healthcare Real Estate Investment Trust (Al-’Aqar REIT) is actively targeting to acquire yield-accretive properties from KPJ Healthcare Bhd as part of its asset expansion plan.</p>

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<p>Heineken Malaysia Bhd announced on Thursday that it has nominated Martijn Rene van Keulen as its new managing director (MD).</p>


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<p>Malaysia nevers forget the sacrifices Australian and New Zealand heroes made during the World War II particularly in Sandakan and the lessons of history will be carried forward to the new generation.</p>


Malaysia never forgets sacrifices of Australian, New Zealand war heroes in Sandakan

<p>(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....

<p>(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.</p>

<p>Tesla inves...

<p>RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.</p>


<p>RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.</p>


<p>Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.</p>
