<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 1): PUC Founder (MSC) Bhd today appointed Cheong Chia Chou as its new managing director to succeed his elder brother Cheong Chia Chieh, who passed away in February.</p></div>

<div class=newsTextDataWrapInner><p>The company said Chia Chou, 41, started his first venture with GeoFoto Pte Ltd in 1999, with aims to commercialise various technologies developed from the National University of Singapore. Subsequently, he sold an online photo printing solution to Fujifilm in 2001.</p></div>

<div class=newsTextDataWrapInner><p>Chia Chou joined Systems @ Work Pte Ltd (later acquired by WireCard AG) as the solution director, focusing on developing and enhancing mobile applications for online payment.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Chia Chou is the founder, director and major shareholder of Pictureworks Holdings (M) Sdn Bhd where he is responsible for the strategic direction of the company, which has operations in seven countries and a headquarters in Singapore.</p></div>

<div class=newsTextDataWrapInner><p>PUC Founder's share price closed unchanged today at six sen, giving it a market capitalisation of RM59.56 million.</p></div>

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KUALA LUMPUR (Dec 1): PUC Founder (MSC) Bhd today appointed Cheong Chia Chou as its new managing director to succeed his elder brother Cheong Chia Chieh, who passed away in February.

The company said Chia Chou, 41, started his first venture with GeoFoto Pte Ltd in 1999, with aims to com...

PUC Founder appoints late MD's younger brother as successor

MALAYSIAN real estate investment trusts (M-REITs) have long been prized for their income-generating qualities. Listed REITs that distribute at least 90% of their total income qualify for a full tax exemption at the trust level, helping make regular distributions a central part of the asset class’...

Rougher waters for REITs amid surge in government bond yields

BENGALURU (Oct 20): Anthropic's net loss widened sharply to US$80.7 billion in the first half of this year, in large part due to a rise in the fair value of bonds convertible into shares of the AI startup, according to a draft prospectus for a planned initial public offering that was reviewed by Reuters.

Anthropic logged net loss of over US$80 bil in first half of 2026

Chinese artificial intelligence (AI) startup Moonshot is expanding into Singapore, with a new sales role listed on the company's LinkedIn page this week.

China's Moonshot AI to operate in Singapore, jobs post shows

theedgemalaysia.com highlighted three stocks with positive momentum and three stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday.

Stocks with momentum on Oct 21, 2026: XL, Ni Hsin, JF Technology, Naim, Asteel, Superlon

The Bank of Japan (BOJ) will probably keep raising interest rates every three months to contain risks of inflation deviating from its stable price target, according to a former BOJ executive director who oversaw monetary policy.

Ex-official expects Japan's central bank to hike rates every quarter

Malaysia is exploring opportunities for collaboration with Netflix to develop the country as a destination for post-production activities in the film and creative industry.

Malaysia exploring post-production collaboration with Netflix, says Fahmi

The National Entrepreneurial Group Economic Fund (Tekun Nasional) has agreed to reduce the financing approval processing time to four days to speed up microentrepreneurs’ access to capital.

Tekun Nasional to process financing approvals within four days — deputy minister

It will take up to 30 months to implement the open payment system across Prasarana Malaysia Bhd's public transport networks in the Klang Valley and Penang, Transport Minister Anthony Loke Siew Fook told the Dewan Rakyat on Wednesday.

Up to 30 months to roll out open payments in Prasarana's rail, bus networks, says Loke

The Attorney General’s Chambers (AGC) and Datuk Seri Dr Ahmad Zahid Hamidi have obtained a stay on the Malaysian Bar’s judicial review challenging the discharge not amounting to an acquittal (DNAA) that had been given to Zahid for 47 charges of abuse of power, criminal breach of trust, and corruption related to Yayasan Akalbudi.

AGC, Zahid obtain stay of Malaysian Bar judicial review challenge over DNAA

KUALA LUMPUR (Oct 21): Tan Sri Tan Kean Soon, the former deputy chairman of an oil-and-gas services firm, has been charged with fraud of over RM10 million.

Tan Kean Soon, former T7 Global deputy chairman, charged with RM10m fraud

<p>SEPANG (Oct 21): Malaysian Border Control and Protection Agency director general Datuk Seri Mohd Shuhaily Mohd Zain has been&nbsp;charged for hurting lower-ranking officers.</p>


Border Control director general Shuhaily charged for hurting lower-ranking officers, claims trial

<p>The number of Malaysians aged 65 and above crossed the one-million mark in 2002, accounting for 4.2% of the population. Back then, those aged 14 and below made up a third of the population.</p>


Fastest ageing states as Malaysians grow older

<p>KUALA LUMPUR (Oct 21): Tan Sri Tan Kean Soon, the former deputy chairman of an oil-and-gas services firm, has been charged with fraud of over RM10 million.</p>


<p>The government is open to considering a proposal to establish a royal commission of inquiry (RCI) into Retirement Fund Inc&nbsp;(KWAP) and the Employees Provident Fund (EPF)&nbsp;should the need arise.</p>


Azalina: Govt to consider commission to probe KWAP, EPF if needed

<p>The 10 sacked Negeri Sembilan executive councillors have filed a motion at the Federal Court seeking to challenge the state ruler's decision last month to remove them.&nbsp;</p>


Negeri Sembilan excos ask Federal Court if their sacking is constitutional

<p>BENGALURU (Oct 20): Anthropic's net loss widened sharply to US$80.7 billion in the first half of this year, in large part due to a rise in the fair value of bonds convertible into shares of the AI startup, according to a draft prospectus for a planned initial public offering that was reviewed by <em>Reuters</em>.</p>


<p>SINGAPORE (Oct 21): Asian stocks rose and bonds stabilised at the start of trading on Wednesday following Wall Street's gain as early indications from the corporate earnings season pointed to strong profits for global companies and bolstered investor confidence.</p>


Asian stocks climb as strong earnings buoy Wall Street

<p>CIMB Group Holdings Bhd (KL:CIMB) is exploring taking its Indonesian arm private as tough market conditions dim prospects for a potential secondary offering, analysts said.</p>


CIMB weighs taking Indonesian unit private as potential secondary offering loses appeal — analysts

<p>SAO PAULO (Oct 21): Brazil raced to contain the trade fallout from the detection of a highly contagious bird virus, as poultry shipments to countries including top buyer China faced restrictions.</p>


Brazil moves to contain bird virus, suspends chicken exports to Malaysia

<p>KUALA LUMPUR (Oct 21): NWE Resources Group Bhd (KL:NWEBHD) edged higher in the consumer product company’s first day on the ACE Market.</p>


NWE Resources opens with modest gain on ACE Market debut

<p>DayOne Data Centers Ltd&nbsp;is weighing options for its US initial public offering (IPO), including a potential delay or size cut, as volatility around data centres increases, according to people familiar with the matter.</p>


Singapore's DayOne said to weigh options for US IPO after data centre rout

<p>Developers' projected profits from urban redevelopment projects will factor into how replacement properties for existing homeowners are valued under the proposed Urban Renewal Bill (URA).</p>


Urban Renewal Bill to factor in developers’ projected profits in valuing replacement properties

<p>BEIJING/SINGAPORE (Oct 21): Oil prices gained over US$1 on Wednesday as escalating Middle East tensions fuelled fears of supply disruptions, while falling US crude and product inventories lent support to the market.</p>


Oil rises on Middle East supply fears, US inventory drawdowns

<p>Stocks rose in late hours as SpaceX reported solid earnings fuelled by a big jump in its artificial-intelligence (AI) business.</p>


US stocks climb in late hours after SpaceX earnings

<p>The minimum 30% Bumiputera equity requirement remains in place in line with the Property Acquisition Guidelines, which took effect on July 13, 2022, and is subject to approval by the Economy Ministry.</p>


Govt assures minimum Bumiputera equity requirement retained at 30%

<p>Bursa Malaysia Bhd’s (KL:BURSA) third quarter could be sequentially softer as weaker securities trading activity dragged on a stronger derivatives market, an analyst flagged.</p>


Bursa may report sequentially weaker 3Q, market activity may pick up — analyst

<p>WASHINGTON/BENGALURU (Oct 20): Elon Musk said on Tuesday that a merger of his two companies SpaceX&nbsp;and Tesla would be "a good idea" and that they had formed special committees to discuss a union, sending shares of the space and technology company up 8% in extended trading.</p>


Musk says SpaceX-Tesla merger 'a good idea' as companies form deal committees

<p>Tourism operators are experiencing fewer bookings for this time of year — and even cancellations — as smog disrupts flights, obscures some of the country’s best-known attractions and threatens a key driver of the Southeast Asian economy.</p>


Malaysia set for tourism fallout from Indonesian haze

<p>The justification for introducing a new-generation MyKad, its security levels, and cooperation between Malaysia and Indonesia in tackling cross-border haze are among topics&nbsp;expected to take centre stage during the Dewan Rakyat sitting on Wednesday.</p>
