<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on April 27, 2018 - May 3, 2018</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Bank Negara Malaysia (BNM) has appointed Nazrul Hisyam Mohd Noh and Tan Nyat Chuan as assistant governors effective May 1.</p></div>

<div class=newsTextDataWrapInner><p>In his new role, Nazrul Hisyam will act as the chief of staff and the secretary to the board of directors of BNM. He will be responsible for the Governor’s Office, as well as the strategic communications and strategic management departments.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In a statement yesterday, BNM said prior to his appointment as chief of staff in 2016, Nazrul Hisyam served the central bank for almost 20 years in several capacities, most recently as the director of the international department. He is also a non-executive, non-independent director of Cagamas Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Tan, meanwhile, will be responsible for payment systems policy matters.</p></div>

<div class=newsTextDataWrapInner><p>He will also serve in several capacities as a non-executive, non-independent director of the Payments Network Malaysia Sdn Bhd, and a member of the central bank’s financial stability and risk management committees,” said BNM.</p></div>


KUALA LUMPUR: Bank Negara Malaysia (BNM) has appointed Nazrul Hisyam Mohd Noh and Tan Nyat Chuan as assistant governors effective May 1.

In his new role, Nazrul Hisyam will act as the chief of staff and the secretary to the board of directors of BNM. He will be responsible for the Gover...

Bank Negara appoints two new assistant governors

KUALA LUMPUR (Nov 8): Former prime minister Tan Sri Muhyiddin Yassin has to pay a total of RM1.35 million in damages for defaming ex-finance minister Lim Guan Eng with his statements concerning tax breaks for Tan Sri Syed Mokhtar Al-Bukhary’s charity foundation Yayasan Albukhary.

Court orders Muhyiddin to pay RM1.35m in damages to Guan Eng over defamatory comments on Yayasan Albukhary’s tax breaks

KUALA LUMPUR (Nov 8): Shares of Pentamaster Corp Bhd (KL:PENTA) fell on Friday, after the automated test equipment company reported that its net profit nearly halved in the latest quarter.

Pentamaster shares fall after profit nearly halved in latest quarter

MORNING CALL: 8/11/24

A spate of lacklustre debuts throughout October fails to dent sentiment as issuers charge ahead with their initial public offerings (IPO) while investors still want a piece of the market action.

Issuers charge ahead with IPOs, investors unfazed despite string of weak debuts

Asian equities were set to climb Friday after a cross-asset rally in the US lifted stocks, bonds and commodities as the Federal Reserve cut interest rates.

Australian stocks and equity futures for Japan and Hong Kong all rose, while the Golden Dragon index of US-listed Chinese companies rallied 3.5%.

Stocks, bonds rally as Federal Reserve cuts rates

Donald Trump’s victory in the US presidential election has cleared an immediate hurdle for new European stock sales, but uncertainties around tariffs and other policies raise questions over the region’s longer-term prospects.

Trump’s tariff risks to loom over Europe’s 2025 IPO pipeline

Oil rose, tracking equity markets, as traders digested competing narratives on how Donald Trump’s presidency will affect the crude market. 

West Texas Intermediate advanced 0.9% to settle above US$72 (RM316.19) a barrel, helped by the weakening dollar and climbing equities. Global benchmark Brent rose to settle just below US$76.

Oil rises as traders dissect production, geopolitics under Trump

US Federal Reserve (Fed) chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed’s decision on Thursday to lower interest rates by a quarter percentage point.

Fed cuts rates; Powell says wouldn’t resign if asked by Trump

Stocks hit fresh all-time highs, climbing alongside bonds and commodities, in a concerted cross-asset advance that by one measure was the best for a Federal Reserve day in 2024.

Equities extended their post-election rally, with the S&P 500 approaching 6,000 and notching its 49th record this year.

Wall Street has best Fed day of 2024 across assets

Americans are coming to terms with renting as an alternative to an increasingly unaffordable market for homebuyers.
 
The share of respondents who say they’d rent if they were going to move rose to a record 36% in a new survey by Fannie Mae, the government-backed mortgage finance giant.

Americans prefer to rent with market beyond reach of homebuyers

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


Ekovest, EcoWorld, Mah Sing, Pentamaster, Sentral REIT, KKB Engineering, Microlink, FGV, Southern Steel

<p>The Malaysian Anti-Corruption Commission (MACC) has found several suspicious transactions in an investigation into investment losses of RM43.9 million in FashionValet Sdn Bhd.</p>


MACC spots suspicious transactions in probe into FashionValet investment loss

<p>Federal Reserve Chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed’s decision Thursday to lower interest rates by a quarter percentage point.&nbsp;</p>

<p>When asked at a post-meeting press conference whether he would step down if requested by Trump, Powell replied forcefully, “No.”</p>


<p>A spate of lacklustre debuts throughout October fails to dent sentiment as issuers charge ahead with their initial public offerings (IPO) while investors still want a piece of the market action.</p>


<p>FGV Holdings Bhd (KL:FGV) on Thursday said its indirect subsidiary FGV Bulkers Sdn Bhd is being sued for allegedly breaching an agreement for the supply of palm kernel shells.</p>


FGV’s unit sued over alleged breach of supply agreement

<p>Asian equities were set to climb Friday after a cross-asset rally in the US lifted stocks, bonds and commodities as the Federal Reserve cut interest rates.</p>

<p>Australian stocks and equity futures for Japan and Hong Kong all rose, while the Golden Dragon index of US-listed Chinese companies rallied 3.5%.</p>


<p>Human capital management provider Ramssol Group Bhd (KL:RAMSSOL) said its 51%-owned subsidiary in Thailand has secured a contract worth 275 million baht (RM35.61 million) to undertake an artificial intelligence (AI) healthcare solutions project for a hospital.</p>


Ramssol’s unit bags RM36 mil AI-powered healthcare project in Thailand

<p>KUALA LUMPUR (Nov 8): Former prime minister Tan Sri Muhyiddin Yassin has to pay a total of RM1.35 million in damages for defaming ex-finance minister Lim Guan Eng with his statements concerning tax breaks for Tan Sri Syed Mokhtar Al-Bukhary’s charity foundation Yayasan Albukhary.</p>


<p>Kumpulan Jetson Bhd (KL:JETSON), which is being sued by OCR Group Bhd (KL:OCR) over alleged breaches of an RM88.03 million contract to build four blocks of serviced apartments in Jalan Yap Kwan Seng here, said on Thursday it is not a party to the disputed contract under OCR's suit as Jetson Construction Sdn Bhd (JCSB) — which was contracted to undertake the job — is no longer its subsidiary.</p>


Kumpulan Jetson says it is not a party to disputed contract under OCR’s RM88 mil suit

<p>Huawei has provided hundreds of mobile network sites as well as cloud services and intelligent operation centres in Sarawak, which have helped improve wireless network coverage in remote areas, accelerating the country’s digital transformation, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Huawei helps to accelerate country's digital transformation — PM 

<p>The head of HSBC Holdings plc’s new global wholesale banking division said the lender will seek to wrap up an ongoing restructuring “very quickly” and could announce the first round of job cuts within weeks.</p>


HSBC’s Roberts says first round of job losses coming in weeks

<p>Home Minister Datuk Seri Saifuddin Nasution Ismail defended the use of the Security Offences (Special Measures) Act 2012 or Sosma in the investigation involving GISB Holdings Sdn Bhd (GISB).</p>


Home ministry defends use of Sosma in GISB case

<p>The physical progress of the Sabah Pan Borneo Highway (LPB) Phase 1A project stands at 78% and is expected to be completed by the first quarter of 2026, said Works Minister Datuk Seri Alexander Nanta Linggi.</p>

<p>He added that Phase 1B of the project has reached 2.4% progress, with completion set for 2029.</p>


Sabah Pan Borneo Highway Phase 1A reaches 78% progress — Nanta

<p>Americans are coming to terms with renting as an alternative to an increasingly unaffordable market for homebuyers.<br />
&nbsp;<br />
The share of respondents who say they’d rent if they were going to move rose to a record 36% in a new survey by Fannie Mae, the government-backed mortgage finance giant.</p>


<p>Singapore’s Changi Airport will charge passengers and airlines more to fly in and out of the city-state to help finance a S$3 billion (US$2.3 billion or RM9.99 billion) upgrade of its terminals.</p>


Singapore’s Changi Airport to raise flying fees to fund upgrade

<p>KUALA LUMPUR (Nov 8): Shares of Pentamaster Corp Bhd (KL:PENTA) fell on Friday, after the automated test equipment company reported that its net profit nearly halved in the latest quarter.</p>


<p>Under Armour Inc reported results that surpassed analysts’ expectations as the sportswear company’s turnaround gains momentum under founder Kevin Plank.<br />
&nbsp;<br />
In the second quarter, which went through September, sales and adjusted earnings topped the average estimate from analysts.</p>


Under Armour surges as turnaround led by founder gains steam

<p>Oil rose, tracking equity markets, as traders digested competing narratives on how Donald Trump’s presidency will affect the crude market.&nbsp;</p>

<p>West Texas Intermediate advanced 0.9% to settle above US$72 (RM316.19) a barrel, helped by the weakening dollar and climbing equities. Global benchmark Brent rose to settle just below US$76.&nbsp;</p>


<p>The government will continue to ensure that the nation's interests are safeguarded and protected in all international organisations it participates in, including BRICS, according to the Foreign Ministry.</p>


BRICS: Govt will continue safeguarding nation's interests — Wisma Putra

<p>The crypto industry poured millions of dollars into the presidential and congressional races, but its most salient election victory is likely to be the departure of US Securities and Exchange Commission (SEC) chair Gary Gensler.</p>
