<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 20): Datuk Mohamed Azmi Mahmood has been appointed as the acting group managing director of AMMB Holdings Bhd (AmBank), effective April 2, 2015.</p></div>

<div class=newsTextDataWrapInner><p>Azmi will take over from Ashok Ramamurthy, whose contract as group managing director will end on April 1, 2015, while the banking group continues its search for a permanent replacement.</p></div>

<div class=newsTextDataWrapInner><p>“The board would like to thank Ashok for his contributions to AmBank group over the past eight years, and wish him well in his future endeavours,” said AmBank in a press release.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Azmi is a chartered accountant and has been a part of the banking group since 1981.</p></div>


KUALA LUMPUR (March 20): Datuk Mohamed Azmi Mahmood has been appointed as the acting group managing director of AMMB Holdings Bhd (AmBank), effective April 2, 2015.

Azmi will take over from Ashok Ramamurthy, whose contract as group managing director will end on April 1, 2015, while the ...

Ambank appoints Mohamed Azmi as acting group MD to replace Ashok

Olaf Scholz, Germany's least popular chancellor on record, is facing growing calls within his Social Democrats (SPD) to step aside and let his Defence Minister Boris Pistorius instead lead the centre-left party into next year's federal election.

Germany's Scholz faces calls in his party for him not to seek re-election

A pullback in the S&P 500 that’s already trimmed about a third off the index’s post-election rally is set to continue on Friday, as sticky inflation and hawkish comments from the Federal Reserve weigh on sentiment.

US stocks have already returned a third of post-election gains

Taiwan President Lai Ching-te is planning to stop in Hawaii and maybe Guam on a visit to Taipei's diplomatic allies in the Pacific in the coming weeks, sources told Reuters, a sensitive trip coming shortly after the US election.

Taiwan president plans Hawaii visit on sensitive trip to Pacific — Reuters

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

FBM KLCI down 0.51% to 1,592.44 on Nov 15, 2024

Sri Lankan President Anura Kumara Dissanayake's leftist coalition won a thumping victory in a snap general election, gaining power to push through his plans to fight poverty and graft in the island nation recovering from a financial meltdown.

Sri Lankan president's coalition sweeps general election

The government remains firm in its stance to implement a regulatory or licensing framework for social media and internet messaging services on Jan 1 next year, said Communications Minister Fahmi Fadzil.

Fahmi: Govt sticks to Jan 1, 2025 deadline for social media licensing

Pipe-and-valve maker Pantech Group Holdings Bhd (KL:PANTECH) said it has obtained approval from the Securities Commission Malaysia (SC) to list two wholly owned subsidiaries on the Main Market of Bursa Malaysia via a special purpose vehicle.

Pantech Group gets SC's nod for listing of its subsidiaries under Pantech Global

Britain's economy contracted unexpectedly in September and growth slowed to a crawl over the third quarter, data showed on Friday, an early setback for finance minister Rachel Reeves' ambitions to kick-start a sustained pickup.

UK economy contracts in September in blow to Reeves' growth push

(Nov 15): Vietnam Technological & Commercial JSB, known as Techcombank and backed by Warburg Pincus, would consider selling a 15% stake to the right strategic investor, according to chief executive officer (CEO) Jens Lottner.

Vietnam’s Techcombank open to selling 15% stake to right partner, says CEO

HANOI (Nov 15): Chinese defence firms will participate in an arms fair in Vietnam next month, a Vietnamese defence official said on Friday, a possible sign of deepening military ties between the two neighbours.

Vietnam will hold an international defence exposition in Hanoi from Dec...

Chinese defence firms to attend Vietnam arms fair as ties deepen

<p>WASHINGTON (Nov 14): No major US trading partner manipulated its currency in the year to June 30, the Treasury Department said on Thursday in the Biden administration's final semi-annual currency report before turning over policing of foreign exchange practices to President-elect&nbsp;Donald Trump.</p>


US Treasury finds no currency manipulation by major trading partners, drops Malaysia off its monitoring list

<p>KUALA LUMPUR (Nov 15): A consortium led by Khazanah Nasional Bhd and Employees Provident Fund on Friday made a formal takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT) at RM11 per share, after securing relevant regulatory approvals.&nbsp;</p>


Khazanah-EPF consortium launches formal offer for MAHB after receiving nod from regulators

<p>KUALA LUMPUR (Nov 15): Fertiliser manufacturer Cropmate Bhd has unveiled the prospectus for its ACE Market initial public offering (IPO) to raise up to RM52 million, as part of its plan to purchase new factories and expand operations.&nbsp;</p>


Fertiliser firm Cropmate unveils prospectus for RM52 mil IPO, priced at 20 sen apiece

<p>The proposed merger between Bumi Armada Bhd (KL:ARMADA) and MISC Bhd’s (KL:MISC) offshore businesses is expected to result in MISC holding a 68% majority stake in the new entity, with a combined valuation of RM14.6 billion, according to CIMB Securities.</p>


MISC likely to hold 68% stake in Bumi Armada merger, with RM14.6b combined valuation

<p>MR DIY Group (M) Bhd’s (KL:MRDIY) shares fell to their lowest in three months on Friday amid weaker-than-expected third-quarter earnings, prompting analysts to cut their earnings forecasts due to weak consumer sentiment and lower spending power.</p>


MR DIY shares fall to three-month low as quarterly results miss expectations

<p>KUALA LUMPUR (Nov 15): Shares of Metro Healthcare Bhd (KL:METRO) edged higher on Friday in its trading debut on the ACE Market, after the fertility and maternity specialist raised RM39.16 million from its initial public offering (IPO).</p>


Metro Healthcare ekes out tiny gain on ACE Market debut after RM39 mil IPO

<p>Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), and Taylor's Education Group have collaborated to establish affordable international schools within Gamuda Land's townships.</p>


Gamuda Land partners with Taylor's Education Group to bring affordable private education to its townships

<p>KUALA LUMPUR (Nov 15): Malaysia’s economic growth decelerated in the third quarter as expected though the pace remained brisk, thanks to resilient investments, higher exports and expansion in household spending.</p>


Malaysia’s economy expands a tad slower in 3Q, still on track with 2024 forecast

<p>KUALA LUMPUR (Nov 15): Malaysia’s central bank on Friday liberalised foreign exchange rules to make it easier for international financial institutions to issue ringgit-denominated bonds and sukuk in the country.</p>


Malaysia eases FX rules to allow foreign financial institutions to sell ringgit bonds

<p>Malaysian Prime Minister Datuk Seri Anwar Ibrahim’s government faces criticism after it awarded a tender to build the country’s second 5G network to one of the smallest players in the telecommunications industry.</p>


Anwar faces scrutiny over 5G tender pick

<p>KUALA LUMPUR (Nov 15): Shares of Berjaya Food Bhd (KL:BJFOOD) extended decline to their lowest in six weeks on Thursday, after the café-and-restaurant operator reported its fourth consecutive quarter of losses.</p>


Berjaya Food shares extend decline to six-week low after another quarterly losses

<p>While trade tensions between the US and China are bringing more investments to Southeast Asia, including Malaysia, worries over slower global growth and higher costs loom, according to Malaysia’s trade and investment chief.</p>


Zafrul flags longer term pain from US-China rift

<p>Earlier this week on Monday (Nov 11), the High Court formally dismissed the civil forfeiture of shares in Bright Packaging Industry Bhd owned by businessman Datuk Ricky Wong Shee Kai, his lawyers said.</p>


High Court dismisses civil forfeiture of over 5 mil shares owned by Ricky Wong 

<p>The US dollar was poised for big weekly gains on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street and European futures in the red.</p>


Dollar sits atop one-year peak as Powell sends yields up, China data mixed

<p>&nbsp;Nissan Motor Co will have a year of breathing space in 2025 before hitting a record bond maturity wall as concerns mount about its ability to generate cash.</p>


Nissan faces record debt bill with one year left to fix finances

<p>Thailand is aiming to legalise casinos next year to draw foreign investments and collect more taxes, a potential win for global operators who have for long canvassing for the legislation to benefit from the country’s status as a tourism hot spot.</p>


Thailand aims to legalise casinos next year in win for global players

<p>SHAH ALAM (Nov 15): S P Setia Bhd (KL:SPSETIA) is launching semi-detached homes, named Ambrosia II, in its ongoing Setia Bayuemas township development at Klang, Selangor, this weekend. The new phase has a gross development value (GDV) of RM69.39 million.</p>


S P Setia to launch RM69.39m semidees in Setia Bayuemas, Klang this weekend

<p>Stocks fell after Jerome Powell signalled there’s no need for the Federal Reserve to rush with rate cuts as the economy is holding up.</p>


Stocks get hit as Powell’s remarks curb US Fed wagers

<p>Vietnam President Luong Cuong forcefully warned of the dangers of a world with higher tariffs, one of the strongest criticisms so far of US President-elect Donald Trump’s approach to trade as world leaders gather this week in Peru.</p>


Vietnam leader warns trade wars lead to poverty in dig at Trump

<p>President-elect Donald Trump ruled out giving a post to JPMorgan Chase &amp; Co’s Jamie Dimon in his second-term administration in a jab at the prominent Wall Street chief executive officer.</p>
