<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 17): Astino Bhd's chief executive director Ng Back Teng has been redesignated as the group's executive chairman.</p></div>

<div class=newsTextDataWrapInner><p>In a filing to Bursa Malaysia today, the roofing specialist said 68-year-old Back Teng's brother Ng Hung Seh, 49, will take on the role of chief executive director. He was previously the group's chief operating officer.</p></div>

<div class=newsTextDataWrapInner><p>Hung Seh is responsible for the marketing and sales of metal roofing and awning products for the group, and has more than 20 years of experience and expertise in the building related materials business, while Back Teng is responsible for the growth of the group's metal roofing and awning products.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Their brother Ng Hung Weng, 51, is an executive director in the company, while Astino's largest shareholder is another brother, Ng Bak Seng, who controls some 34% of the company.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (June 17): Astino Bhd's chief executive director Ng Back Teng has been redesignated as the group's executive chairman.

In a filing to Bursa Malaysia today, the roofing specialist said 68-year-old Back Teng's brother Ng Hung Seh, 49, will take on the role of chief executive ...

Astino redesignates Ng Back Teng as chairman

Malaysia-based Gamuda Bhd (KL:GAMUDA) and its London-based joint venture partner, real estate investor Castleforge, broke ground for 75 London Wall — a £1.2 billion (RM6.59 billion) redevelopment project — in the City of London on Wednesday.

Previously known as Winchester House and the UK headquarters of Deutsche Bank, Gamuda and Castleforge acquired the building in February 2023 in a 75:25 joint venture.

Gamuda, Castleforge break ground for £1.2 bil redevelopment project in London

Slovak Prime Minister Robert Fico looks set to survive an upcoming no-confidence vote after rebel lawmakers in one ruling coalition party said they would not support the motion.

Opposition parties said on Tuesday they were initiating a no-confidence vote against Fico's leftist-nationalist government, accusing him of dragging the country's foreign policy closer to Russia while doing little to fix problems at home.

Slovakia's Fico set to survive no-confidence vote as coalition rebels backing him

Polish Prime Minister Donald Tusk accused Russia of planning to carry out “acts of air terror” against airlines worldwide as he urged European partners to join forces in countering Moscow’s alleged sabotage attempts.

Poland’s Tusk says Russia planned terror acts against airlines

A husband and wife, who own a travel agency, were arrested in Kuala Lumpur at 7pm on Wednesday in connection with allegations of failing to fly out a group of umrah pilgrims on Tuesday.

Selangor police chief Datuk Hussein Omar Khan said the Commercial Crime Investigation Department (CCID) of the Selangor police contingent headquarters (IPK) also seized several computers, passports and related documents.

Failure to fly out umrah pilgrims: Couple who owns travel agency arrested

Donald Trump's choice for attorney general, Pam Bondi, vowed on Wednesday not to use the US Justice Department to target people based on their politics, seeking to allay concerns the president-elect will use law enforcement to go after his opponents.

"There will never be an enemies list within the Department of Justice," Bondi told the Senate Judiciary Committee.

Trump's AG nominee Pam Bondi vows not to have 'enemies list' for Justice Department

Goldman Sachs' credit-card partnership with Apple may end before its contract runs out in 2030, Goldman CEO David Solomon said on Wednesday.

"We have a contract with Apple to run that partnership until 2030, although there's some possibility that it won't continue until that time frame," Solomon told analysts on an earnings call.

Goldman Sachs CEO says Apple card partnership may end before 2030

US health officials banned the artificial food colouring Red No 3, which has been linked to cancer and is currently in scores of products from candy to cold medicine.
 
The dye will no longer be allowed in US food or ingested drugs starting Jan 15, 2027, according to a Food and Drug Administration (FDA) document posted online.

US bans cancer-linked Red Dye No 3 in cereal and other foods

Four locals, including a woman, have been arrested for their alleged involvement in a syndicate selling non-existent vehicle registration numbers in several states.

Perak acting police chief DCP Zulkafli Sariaat confirmed that the arrests of individuals aged between 27 and 52 were made during separate raids from Jan 10 to 14. The operation followed a report made on Jan 8 by a 22-year-old victim who claimed to have been scammed by the syndicate.

Four arrested for selling fake vehicle registration numbers

A Harmony Parade to celebrate the ethnic diversity and unity of society in this country will be held on Feb 15-16, said National Unity Minister Datuk Aaron Ago Dagang on Wednesday.

He said the parade would be held at night at Dataran Merdeka in conjunction with Federal Territories Day and the World Interfaith Harmony Week (annually held in first week of February).

Harmony Parade to celebrate Malaysia united in diversity next month — Aaron

Prime Minister Datuk Seri Anwar Ibrahim on Wednesday met his UK counterpart, Sir Keir Starmer, and discussed about elevating the relations between both countries to strategic partnership covering all spheres.

“The focus and the fundamentals is of course economics, but also defence and education,” he told reporters after meeting Starmer at No 10, Downing Street, on Wednesday.

Malaysia, UK discuss elevating relations to strategic partnership

<p>The Employees Provident Fund's (EPF) investment decisions, including the trading of Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) shares, align with its broader investment objectives and are aimed at generating income required for dividend payments during the financial year.</p>


EPF says investment in MAHB to support dividend payouts

<p>VS Industry Bhd (KL:VS) said on Wednesday that the High Court has ruled in favour of the company in a minority shareholder oppression lawsuit it brought against NEP Holdings (Malaysia) Bhd and three of its directors.</p>


'Diamond' water filter maker NEP to be wound up after VS Industry wins shareholder oppression case

<p>Four company directors were among five arrested by the Malaysian Anti-Corruption Commission (MACC), in connection with a suspected fraud case totalling RM104 million involving public investment funds.</p>


Five arrested over alleged misappropriation of RM104 mil investment funds

<p>Affin Bank Bhd's (KL:AFFIN) ambitious branch expansion plan is expected to keep its cost-to-income ratio (CIR) elevated for the next few years, according to CGS International, which is reiterating its 'reduce' recommendation on the bank.</p>


Affin Bank's expansion plan will keep costs high for next few years, says CGS

<p>KUALA LUMPUR (Jan 15): Plantation giant SD Guthrie Bhd (KL:SDG), previously known as Sime Darby Plantation, has announced the appointment of Tan Seri Datuk Seri Mohd Zuki Ali as its non-independent and non-executive director.</p>


EPF chairman Mohd Zuki Ali joins SD Guthrie board

<p>Exsim Ipoh City Sdn Bhd, a member of Exsim Group, has entered into a joint-venture agreement with Liew Yin Yin Land Sdn Bhd for the development of a 1.291-acre tract of land in Ipoh, according to a media statement on Wednesday.</p>


Exsim Group enters JV agreement with Liew Yin Yin Group to develop Ipoh serviced apartment project

<p>Datuk Seri Najib Razak said that he "used" fugitive businessman Low Taek Jho (Jho Low) despite his negative reputation for the country's benefit, the court heard on Wednesday.</p>


1MDB-Tanore: I used Jho Low for country's benefit, Najib says

<p>Transport Minister Anthony Loke said he hopes the privatisation of Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) can be finalised soon.</p>


Frustrated with MAHB's decision-making delays, Loke backs privatisation to boost efficiency

<p>Malaysia’s exports could grow at a slower pace this year, due to impending higher US tariffs, though trade diversions could provide some cushion, according to think tank Socio-Economic Research Centre (SERC).</p>


Malaysia to take hit from Trump tariffs, but blow could be softened by trade diversion, says think tank

<p>The notion of having economic powerhouse China settle the debts accumulated by troubled state strategic development firm 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd&nbsp;is "absurd", the High Court heard on Wednesday.</p>


China to settle 1MDB debt in 2016? 'Absurd,' says Najib

<p>U Mobile Sdn Bhd has inked a memorandum of understanding (MoU) with CIMB Bank Bhd to extend financing support for its upcoming 5G network roll-out.</p>

<p>The MOU marks the latest financing partnership between U Mobile and CIMB&nbsp;of which, in 2021, the bank participated in a RM1.2 billion facility to U Mobile, which was later upsized to RM1.4 billion in 2023.</p>


U Mobile inks MOU with CIMB to finance 5G network roll-out

<p>Sarawak Premier Tan Sri Abang Johari Openg has commended Prime Minister Datuk Seri Anwar Ibrahim’s recognition of Sarawak state-owned Petroleum Sarawak Bhd (Petros) as the state's gas aggregator.</p>


Anwar recognises Petros as Sarawak's gas aggregator, says Abang Jo

<p>A summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.</p>


FBM KLCI down 0.91% to 1,562.12 on Jan 15, 2025

<p>Khazanah-EPF consortium Gateway Development Alliance (GDA) has extended the closing date for its takeover offer for Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) to Jan 24 from Jan 17.</p>


Khazanah-EPF consortium extends deadline for MAHB takeover bid again to Jan 24 now

<p>KUALA LUMPUR (Jan 16): Malaysia’s two biggest airlines, Malaysia Airlines and AirAsia, said they will continue to communicate closely with their suppliers to manage cost inflation in 2025, amid challenges from supply chain headwinds to inflation, although both are divided on the outlook for the y...

AirAsia, Malaysia Airlines divided on 2025 outlook, to manage cost inflation

<p>KUALA LUMPUR (Jan 15): The Socio-Economic Research Centre (SERC) has urged the government to reconsider the proposed mandatory Employees Provident Fund (EPF) contribution for foreign workers, to ease financial burdens on businesses.</p>


SERC calls for review of mandatory EPF for foreign workers amid cost concerns

<p>Former 1Malaysia Development Bhd (1MDB) president and chief executive officer Arul Kanda Kandasamy agreed that he may have misrepresented the company’s board in his first meeting with them on Jan 12, 2015, seven days after his appointment, regarding the facility agreement 1MDB had obtained from Deutsche Bank, with regards to its subsidiary Brazen Sky Ltd.</p>

<p>He also agreed that he may have also misled the board and the public when he issued his first press statement to the media, a day later (on Jan 13, 2015).</p>


Arul Kanda says he may have misrepresented 1MDB in his first board meeting, but says he had to rely on others, as he was new

<p>Malaysia-based Gamuda Bhd (KL:GAMUDA) and its London-based joint venture partner, real estate investor Castleforge, broke ground for 75 London Wall — a £1.2 billion (RM6.59 billion) redevelopment project — in the City of London on Wednesday.</p>

<p>Previously known as Winchester House and the UK headquarters of Deutsche Bank, Gamuda and Castleforge acquired the building in February 2023 in a 75:25 joint venture.</p>


<p>The Kuala Lumpur International Airport (KLIA) Aerotrain replacement project is still in the multi-phase testing stage and does not yet have a confirmed completion date, said Transport Minister Anthony Loke.</p>


Aerotrain completion date still up in the air, says Loke

<p>The establishment of the Johor-Singapore Special Economic Zone (JS-SEZ) has garnered attention, but more effort is needed to enhance its competitiveness to attract investments, according to Knight Frank executive director Amy Wong Siew Fong.</p>
