<div class="mt-3 embed-right imgw-220"><img alt="" src="https://assets.theedgemarkets.com/pictures/Dato-Datuk-LKC-Low-Kian-Chuan-white-cropped_acccim.org.my.jpg" />
<div class="thumb-cap">Datuk Low Kian Chuan (Photo credit: acccim.org.my)</div>
</div>

<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 9): Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) president Datuk Low Kian Chuan was today appointed as the new president of the National Chamber of Commerce and Industry of Malaysia (NCCIM).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Low, who has served as NCCCIM's secretary-general since 2019, takes over the president's post from Tan Sri Ter Leong Yap, NCCIM said in a statement. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>NCCIM is a federation of five national trade organisations, namely ACCCIM, Malay Chamber of Commerce Malaysia (MCCM), Malaysian Associated Indian Chamber of Commerce and Industry (MAICCI), Malaysian International Chamber of Commerce and Industry (MICCI), and the Federation of Malaysian Manufacturers (FMM).&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Ter, who had served as the president of NCCIM since 2016, was also ACCCIM's president from 2015 until July 24 this year, when Low was elected to the position, &nbsp;according to ACCCIM's website.</p></div>


KUALA LUMPUR (Aug 9): Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) president Datuk Low Kian Chuan was today appointed as the new president of the National Chamber of Commerce and Industry of Malaysia (NCCIM).

ACCCIM chief Low Kian Chuan named new president of NCCIM

Southeast Asian cell tower firm EdgePoint Infrastructure is looking to expand its portfolio to over 20,000 towers in two to three years from around 15,000 currently, its chief executive told Reuters.

CEO and co-founder Suresh Sidhu said on Monday that the company, which is backed by US-listed DigitalBridge, would expand in Indonesia, Malaysia and the Philippines, markets where it already has a presence.

DigitalBridge-backed EdgePoint aiming to add more than 5,000 telco towers

Donald Trump’s tariff threats stand to hurt American economic interests because they would disturb automotive supply chains where the US is strong and drive up consumer prices, said the head of General Motors Co’s Canadian unit.

Trump tariffs would harm major US auto buyer, says GM Canada chief 

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

MAHB, 7-Eleven, Fajarbaru, Datasonic, Scanwolf, UUE, SkyWorld, Mieco, Maxland 

It is a “matter of time” before the privatisation of the country's biggest airport operator, Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT), is completed after multiple delays, Khazanah Nasional Bhd managing director Datuk Amirul Feisal Wan Zahir said.

Khazanah MD says MAHB buyout completion a ‘matter of time’

The Ministry of Housing and Local Government has allocated RM642 million for the construction of 3,574 units of People’s Housing Project (PPR) homes in Kelantan.

Housing Ministry allocated RM642m for 3,574 PPR units in Kelantan — deputy minister

Two men, including a director of a government agency in Terengganu, have been remanded for six days, starting from Monday, on suspicion of soliciting and accepting a bribe of approximately RM900,000 in exchange for securing a project, preparing, and approving several development plans for a consultancy firm.

Govt agency director among two remanded in RM900,000 bribery probe

Russia's oil shipments via the Baltic Sea fell by roughly 10% in the last four months of 2024, the Finnish Border Guard said, as the impact of European Union (EU) sanctions against Russian oil and gas exports adopted in June took effect.

Baltic Sea nations are on alert after disruption of power cable, telecom link and gas pipelines since Russia's full-scale invasion of Ukraine in 2022, some of which has been linked to tanker activity.

Russia's Baltic oil shipments fall 10% after EU sanctions, says Finland 

Outgoing Chief Justice Tun Tengku Maimun Tuan Mat on Monday emphasised the importance of judicial leaders maintaining courage and staying steadfast in their pursuit of justice.

Chief justice urges judicial leaders to uphold courage in championing justice

Gateway Development Alliance Sdn Bhd (GDA), the consortium of three entities offering to take Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) private at RM11 per share, revised one of the conditions for the offer on Monday.

It dropped the acceptance level to 85%, from the 90% stated in the offer document that was issued on Dec 6, 2024.

What GDA's revision in terms means to MAHB’s privatisation

Chin Teck Plantations Bhd (KL:CHINTEK) posted a 56.66% year-on-year rise in first-quarter net profit, lifted by higher prices and share of results of associates and joint ventures (JVs).

Chin Teck Plantations' 1Q profit up 57% on higher prices, share of JV results

<p>Convenience store chain operator 7-Eleven Malaysia Holdings Bhd (KL:SEM), in which Berjaya Group founder Tan Sri Vincent Tan&nbsp;Chee Yioun owns a 28.07% stake, said on Monday it is setting up 100 original cash recycling machines (CRMs)&nbsp;at its outlets across Malaysia.</p>


7-Eleven Malaysia to set up 100 Seven Bank cash recycling machines at its outlets

<p>Malaysia’s exports continued their expansionary trajectory in 2024, driven by strong performances in both manufactured and agricultural products, official data on Monday showed.</p>


Malaysia's 2024 trade jumps 9.2% to record high; exports top RM1 tril for fourth straight year

<p>WHILE it’s hard to say if the worst is over for a number of beaten-down blue chips, market experts believe it is a matter of time before things look up on the back of strong investment flows.</p>

<p>In fact, some fund managers and analysts are of the view that some of the stocks’ undemanding v...

Better days ahead for beaten-down big caps on Bursa 

<p>Turnkey contractor Fajarbaru Builder Group Bhd (KL:FAJAR) has signed the master purchase and development agreement&nbsp;with Penang Development Corp (PDC) for the first phase of the Penang Medi-City project in Batu Kawan, set to position the state as a regional medical tourism hub.</p>


Fajarbaru Builder to lead Medi-City project in Penang

<p>Malaysia Airports Holdings Bhd or MAHB&nbsp;(KL:AIRPORT),&nbsp;which&nbsp;is in the midst of&nbsp;a privatisation exercise, said that the group is “almost there” for the resumption of its aerotrain services at the Kuala Lumpur International Airport (KLIA), following a near two-year suspension.</p>


‘We are almost there’ for aerotrain op resumption, says MAHB amid delays

<p>Jendela Pinggiran Sdn Bhd (JPSB) — a subsidiary of SRC International Sdn Bhd allegedly set up to carry out corporate social responsibility (CSR) activities and received RM43.96 million of SRC funds in 2015 — was used as former Umno president Datuk Seri Najib Razak’s “slush fund”, the High Court heard on Monday.</p>


SRC's sham CSR subsidiary used as Najib’s RM43.96 mil slush fund, court hears

<p>President-elect Donald Trump is poised to invoke emergency powers as part of his plan to unleash domestic energy production while seeking to reverse President Joe Biden’s actions to combat climate change, according to people familiar with the matter.&nbsp;</p>


Trump to declare national energy emergency, unlocking new powers — Bloomberg

<p>KUALA LUMPUR (Jan 20): The US’ restriction on artificial intelligence (AI) chip exports is expected to have a limited impact on Malaysia’s semiconductor companies, which are primarily involved in assembly and testing, according to Nomura Asset Management Malaysia managing director and country head Leslie Yap.</p>


Impact of US chip curbs on Malaysia’s semicon sector minimal, says Nomura’s country head

<p>KUALA LUMPUR (Jan 20): ACE Market-bound Northern Solar Holdings Bhd is expected to continue delivering its above-average net profit margin on lower global solar-panel prices, said PublicInvest Research.</p>


ACE Market-bound Northern Solar’s fair value at RM1, margins above average — PublicInvest

<p>CBH Engineering Holdings Bhd, a mechanical and electrical (M&amp;E) engineering services provider for substations, is expected to make its debut this Thursday (Jan16), which would make it the second company to list on Bursa Malaysia this year.</p>

<p>The ACE Market-bound company's initial publ...

IPO Watch: CBH Engineering rides on data centre boom, IPO to raise RM83 mil

<p>Former prime minister Datuk Seri Najib Razak said that he did not intimidate KPMG’s ex-managing partner Datuk Johan Idris to close the pending audit of 1Malaysia Development Bhd (1MDB) in 2013.</p>


1MDB-Tanore: Najib says didn't intimidate KPMG auditor

<p>Dialog Group Bhd’s (KL:DIALOG) proposed subscription of a 27.78% stake in Regas Terminal Sdn Bhd (RGTP), which has an air separation unit (ASU) project in Pengerang, is expected to raise its associate contribution by RM5 million to RM10 million a year, said Maybank Research.</p>


Dialog to see up to RM10m in annual earnings from Pengerang ASU venture — Maybank

<p>Former prime minister Datuk Seri Najib Razak testified in court that he didn't report the purportedly forged signatures on documents related to 1Malaysia Development Bhd (1MDB).</p>


Najib agrees no report lodged on purportedly fake signatures on 1MDB documents

<p>Former prime minister Datuk Seri Najib Razak reiterated in court on Monday that he did not take instructions from fugitive Low Taek Jho (Jho Low).</p>


Najib says he did not follow Jho Low's instructions

<p>SEREMBAN (Jan 20): The previously terminated high-speed rail (HSR) project linking Kuala Lumpur and Singapore can only proceed with full participation from the private sector and minimal government funding, Transport Minister Anthony Loke Siew Fook reiterated on Monday.</p>


Minimal govt funding for HSR, revival hinges on private participation, says Loke

<p>It is a “matter of time” before the privatisation of the country's biggest airport operator, Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT), is completed after multiple delays, Khazanah Nasional Bhd managing director Datuk Amirul Feisal Wan Zahir said.</p>


<p>A vehicle linked to Scanwolf Corp Bhd (KL:SCNWOLF) managing director Eddy Seah Ley Hong has triggered a mandatory takeover offer to acquire all the remaining shares it does not own in the plastic extrusion maker at 54 sen per share.</p>


Scanwolf MD-linked vehicle triggers mandatory takeover offer, intends to maintain listing

<p>Malaysian companies, especially those in the logistics sector, should go regional with a whole-of-government approach to create Malaysian global champions in services, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.</p>


Chin Tong urges Malaysian logistics companies to go regional

<p>EPE Power Corp Bhd, a private holding company with businesses in distributing switchgears and transformers, is among the potential bidders for the proposed Johor Bahru light rail transit (LRT) project.</p>

<p>According to sources privy to the matter, EPE Power will be collaborating with Lion P...

EPE Power–Lion Pacific among bidders for Johor Bahru LRT, say sources

<p>Former prime minister Datuk Seri Najib Razak on Monday denied that funds from 1Malaysia Development Bhd (1MDB), meant for the Tun Razak Exchange (TRX City) project, were instead used to help fund Umno and Barisan Nasional (BN), and to maintain his hold on Umno to win the general election in 2013.</p>
