<div class=newsTextDataWrapInner><p>SINGAPORE (Jan 3): Avarga Limited has announced the appointment of its chief executive officer, Lim Gooi Hwa, for UPP Pulp &amp; Paper Sdn Bhd — a wholly-owned subsidiary of the company.</p></div>

<div class=newsTextDataWrapInner><p>Lim’s appointment on Monday (Jan 3) means he will oversee Avarga’s paper manufacturing business in Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Prior to his appointment, Lim was most recently the general director of<a href="https://www.theedgesingapore.com/news/new-appointments/avarga-appoints-lim-gooi-hwa-ceo-upp-pulp-paper-sdn-bhd" target="_blank"><em>...(click on link for full story on theedgesingapore.com)</em></a></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>


SINGAPORE (Jan 3): Avarga Limited has announced the appointment of its chief executive officer, Lim Gooi Hwa, for UPP Pulp & Paper Sdn Bhd — a wholly-owned subsidiary of the company.

Lim’s appointment on Monday (Jan 3) means he will oversee Avarga’s paper manufacturing business in M...

Avarga appoints Lim Gooi Hwa as CEO of UPP Pulp & Paper Sdn Bhd

U Mobile Sdn Bhd will likely struggle to roll out Malaysia’s second 5G network, pushing the company to even consider a merger, said Hong Leong Investment Bank (HLIB).

U Mobile will struggle to roll out second 5G network, may even consider merger — analysts

SAN FRANCISCO (Jan 14): A half-dozen trade groups from the semiconductor and manufacturing industries sent a private letter to US President Joe Biden, complaining that new export controls expected this week were rushed through without consulting them.

Chip industry groups slam expected rules in private letter to Biden

South Korean authorities arrested impeached President Yoon Suk Yeol on Wednesday over insurrection accusations related to his Dec 3 martial law declaration, investigators said.

South Korean investigators arrest impeached President Yoon

South Korea's jobless rate jumped to the highest in 3½ years in December, as political turmoil stoked economic uncertainty and dampened sentiment, data showed on Wednesday, a day ahead of the central bank's first monetary policy meeting of the year.

South Korea jobless rate hits 3½-year high amid political uncertainty

China’s quest to feed itself has taken it as far as Kenya’s macadamia nut groves and Bolivia’s cattle ranches, as part of a push in recent years to diversify food sources away from traditional Western suppliers.

China is scouring the globe in search of new food suppliers

MORNING CALL: 15/1/25

WASHINGTON/HAVANA (Jan 14): The Biden administration said on Tuesday that it would remove Cuba from its terrorism blacklist, while Cuba said separately that it would release upward of 500 prisoners from its jails, dual announcements poised to reshape US-Cuba relations just days before Donald Trump takes office.

Biden looks to relax Cuba sanctions in final days before Trump

Oil prices will be under pressure over the next two years as global production growth outpaces demand, the US Energy Information Administration (EIA) said on Tuesday in its Short-Term Energy Outlook report.

EIA expects oil prices to be under pressure from oversupply in 2025, 2026

MEXICO CITY (Jan 14): Chipmaker Intel Corp said on Tuesday that it will separate its venture capital and investment arm, Intel Capital, into a standalone company, to focus on enhancing efficiency across the business.

Intel to spin off its venture capital arm

DOHA/CAIRO/JERUSALEM (Jan 15): Negotiators were near to hammering out the final details of a ceasefire in Gaza on Wednesday after marathon talks in Qatar, and the US and Egyptian leaders promised to stay in close contact about a deal over the coming hours.

Gaza ceasefire appears close as US, Egyptian leaders put focus on 'coming hours'

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


Yinson, Mah Sing, YTL Power, Atlan, Sunway, Kawan Food, Theta Edge, South Malaysia Industries

<div><img alt="" class="gallery-items" data-high-res-src="https://myassets.theedgemalaysia.com/pics/2025/TEM1557-infographic-2-theedgemalaysia_20250114154549.jpg" src="" /></div>

<div class="imgw-800 mx-auto d-block image-gallery"><a class="mobx embedimg-icon" data-rel="ceolightbox" href="https:/...

Salaries in Malaysia projected to increase by 5% in 2025 — Mercer

<p>South Korean authorities arrested impeached President Yoon Suk Yeol on Wednesday over insurrection accusations related to his Dec 3 martial law declaration, investigators said.</p>


<p>Loft Orbital raised US$170 million (RM765.89 million) in a funding round that will help the space infrastructure startup increase launch frequency and compete for contracts against aerospace juggernauts like Northrop Grumman and Lockheed Martin Corp.</p>


Space firm Loft Orbital raises US$170 mil to scale up launches

<p>(Jan 15):&nbsp;Asian stocks were poised for a steady open following a tepid US session, as traders await key inflation data that may shed light on the path of US Federal Reserve rates over the coming months.</p>


Asian traders tread with caution ahead of US CPI data

<p>(Jan 15): At least eight major distressed Chinese firms, including a China Evergrande Group unit, are set to defend themselves in court cases relating to their debt problems over the next two weeks, in one of the busiest stretches ever for such hearings.</p>


Distressed Chinese companies face flurry of court hearings

<p>Meta Platforms Inc is cutting roughly 5% of its staff through performance-based eliminations and plans to hire new people to fill their roles this year, according to an internal memo sent to all employees.</p>


Meta to slash roughly 5% of staff, targetting lowest performers

<p>Malaysia must embark on a digital transformation within its economic and financial sectors, prioritising areas such as blockchain and cryptocurrency to remain at the forefront of the digital age, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Malaysia must embrace digital transformation to stay ahead, says Anwar

<p>Malaysia’s unique position has helped the country to chart economic policies which are comprehensive and sustainable, said Prime Minister Datuk Seri Anwar Ibrahim.</p>

<p>He said Malaysia is fortunate as it is politically stable despite being multi-cultural, multi religious, multi-racial, and it is probably among the most peaceful country in the region and is also among the fastest growing economies in the world.</p>


Malaysia’s unique position helps to chart economic policies which are comprehensive, sustainable

<p>Country Garden Holdings Co suffered another record loss in 2023 as one of China’s largest developers continues its lengthy restructuring process after defaulting on its debt.</p>


Country Garden posts another record loss on China housing slump

<p>The Malaysian Anti-Corruption Commission (MACC) and the Federal Bureau of Investigation (FBI) will increase cooperation to address the challenges in combatting corruption crimes at regional and international levels.</p>


MACC, FBI enhance cooperation to combat corruption

<p>Russia’s seaborne crude exports were stable ahead of the toughest sanctions yet imposed on its oil sector in response to Moscow’s 2022 invasion of Ukraine.</p>

<p>But flows could be hit in the coming weeks after the US took measures on Friday against two of the country’s top exporters and about 160 oil tankers, as well as key traders, insurers and a Chinese company that facilitated the unloading of a cargo from a previously sanctioned ship.</p>


Russian crude shipments hold steady before sanctions hit

<p>Nato countries will deploy frigates, patrol aircraft and naval drones in the Baltic Sea to help protect critical infrastructure and reserve the right to take action against ships suspected of posing a security threat, alliance members said on Tuesday.</p>


Nato to deploy ships, aircraft in Baltic Sea after cable breaches

<p>MEXICO CITY (Jan 14): Chipmaker Intel Corp said on Tuesday that it will separate its venture capital and investment arm, Intel Capital, into a standalone company, to focus on enhancing efficiency across the business.</p>


<p>French Prime Minister Francois Bayrou on Tuesday opened the door to renegotiating a disputed pension reform in a bid to win over left-wing lawmakers he needs to pass the 2025 budget.</p>

<p>Bayrou's concession underlined the scale of France's political turmoil as he prepared to spend his first weeks in office reworking the hard-won 2023 pension reform under pressure from the left, which threatens to topple his government otherwise.</p>


French PM opens door to renegotiating Macron's pension reform

<p>U Mobile Sdn Bhd will likely struggle to roll out Malaysia’s second 5G network, pushing the company to even consider a merger, said Hong Leong Investment Bank (HLIB).</p>


<p>NEW YORK (Jan 14): Elon Musk was sued on Tuesday by the US Securities and Exchange Commission (SEC), which accused the world's richest person of waiting too long to disclose in 2022 that he had amassed a large stake in Twitter, the social media company he later bought.</p>


US SEC sues Elon Musk over late disclosure of Twitter stake

<p>The cost of road repairs due to floods following the Northeast Monsoon (MTL) has reached RM101.57 million, said Works Minister Datuk Seri Alexander Nanta Linggi.</p>

<p>He said it involved road repair costs in the states of Peninsular Malaysia totalling RM45.37 million covering periodic repairs of pavement, periodic non-pavement, bridges and traffic lights as well as street lights.</p>


Cost of road repairs due to floods exceeded RM100 mil — Nanta

<p>Chancellor of the Exchequer Rachel Reeves said the UK will meet its fiscal rules “at all times”, as she faced ongoing pressure to explain how she’ll stabilise Britain’s public finances following a recent spike in borrowing costs.</p>


Rachel Reeves says UK will meet fiscal rules ‘at all times’

<p>SAN FRANCISCO (Jan 14): A half-dozen trade groups from the semiconductor and manufacturing industries sent a private letter to US President Joe Biden, complaining that new export controls expected this week were rushed through without consulting them.</p>
