<div class=newsTextDataWrapInner>SINGAPORE (April 26): Swiss bank BSI said Raj Sriram, the interim CEO of its Singapore unit, would leave the bank and Renato Cohn, member of BSI's group executive board, would become acting CEO.</div>

<div class=newsTextDataWrapInner>"Raj will guarantee a smooth handover to Renato in the upcoming weeks and will leave the bank accordingly," BSI said in a statement received by Reuters on Tuesday. It said Sriram will take a break from his professional career.</div>

<div class=newsTextDataWrapInner>BSI was recently sold by Brazil's Grupo BTG Pactual SA to EFG International AG. Sriram's exit follows a March announcement that the head of BSI's Asia business, Hanspeter Brunner, would retire from the bank. Sriram was then given responsibility of the Singapore business.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>BSI's Singapore unit has been in the spotlight in recent months after one of its bankers came under a criminal probe related to a money laundering investigation linked to Malaysian state fund 1Malaysia Development Berhad (1MDB).</div>

SINGAPORE (April 26): Swiss bank BSI said Raj Sriram, the interim CEO of its Singapore unit, would leave the bank and Renato Cohn, member of BSI's group executive board, would become acting CEO.

"Raj will guarantee a smooth handover to Renato in the upcoming weeks and will leave the ban...

BSI Singapore's interim CEO Raj Sriram to leave bank

Over 200 people, including politicians, business figures, and relatives of the late Tun Daim Zainuddin have gathered to pay their last respects to Malaysia’s former twice-serving finance minister, who died at 8.21am on Wednesday.

Farewell, Tun Daim

The famous actor Spalding Gray, who entertained many of us with his monologue plays, once said that “everything is contingent and there is also chaos”. Indeed, both the states of contingency and chaos are defined by the presence of many interacting variables, with a thin line differentiating the former from the latter, which lies in the ability to adapt to situations fittingly.

When to link responsibilities to contingent remuneration for non-executive directors

Dayang Enterprise Bhd (KL:DAYANG) has secured two more contracts to provide pan Malaysia services to the national oil and gas company Petronas and its production sharing contractors.

Dayang Enterprise gets two more Pan Malaysia services contracts

Newly-listed logistics company AGX Group Bhd (KL:AGX) said it entered into a deal on Wednesday to provide freight forwarding and customs brokerage services to Capital A Bhd’s (KL:CAPITALA) wholly owned maintenance, repair and overhaul (MRO) unit.

AGX to provide freight forwarding services to Capital A’s MRO unit

Volkswagen AG raised investment plans in Rivian Automotive Inc by US$800 million (RM3.56 billion), signalling its commitment to the US partner even as electric-vehicle (EV) demand softens and the incoming Trump administration threatens to curtail supportive policies.

Volkswagen boosts bet on Rivian’s EV tech by US$800m

ABU DHABI (Nov 13): The Deputy Prime Minister and Minister of Rural and Regional Development Datuk Seri Dr Ahmad Zahid Hamidi will undertake an official visit to the United Arab Emirates (UAE) beginning Wednesday until Nov 19.

Ahmad Zahid embarks on official visit to UAE

The Health Ministry (MOH) on Wednesday said it is exploring the use of the Diagnostic Related Groups (DRG) — a system that categorises hospital patients based on the complexity of their cases to determine the cost of treatment and fixed reimbursement charges, rather than itemising each charge — for private hospitals, amid surging hospital bills.

MOH exploring use of Diagnostic Related Groups for private hospitals to address rising medical inflation

Allianz SE, the German insurer that owns Pacific Investment Management Co (Pimco), slightly lifted its guidance for full-year profit after third-quarter profit rose, driven by its property-casualty insurance business.

Allianz SE sees profit at top of forecast after strong quarter

KUALA LUMPUR (Nov 13): With Malaysia set to assume the Asean chairmanship in 2025, the country is well positioned to enhance the region’s reputation as a leading destination for effective alternative dispute resolution (ADR).

Azalina: Malaysia’s Asean chairmanship to enhance region’s reputation as arbitration destination

A summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.

FBM KLCI up 0.19% to 1,611.50 on Nov 13, 2024

Former finance minister&nbsp;Tun Daim Zainuddin, credited for steering Malaysia through two recessions and influencing the country's politics, has passed away at the age of 86.

One of his lawyers, Datuk Dr Gurdial Singh Nijar, confirmed the matter when contacted by The Edge.

Former finance minister Daim passes away

KUALA LUMPUR (Nov 13): Lawyers for MyAirline co-founder Datuk Allan Goh Hwan Hua and three other companies, who are defendants in a suit filed two years ago by 15 investors who are suing Goh and the three companies for RM8 million, told the High Court on Wednesday that the defendants have no case to answer for in deciding not to call any witnesses for the defence.

MyAirline co-founder and three companies say they have no case to answer for in RM8m investors’ suit

Tan Sri Wan Zaki Wan Muda, the founder of Ahmad Zaki Sdn Bhd (AZSB) and group adviser to Ahmad Zaki Resources Bhd (KL:AZRB), passed away on Tuesday evening&nbsp;at the age of 75.

Ahmad Zaki founder Wan Zaki passes on

Shares of Life Water Bhd (KL:LWSABAH) surged 18% in their trading debut on Wednesday, after the beverage manufacturer’s initial public offering (IPO) raised over RM82 million on the back of strong investor demand.

Life Water surges 18% on Main Market debut

Billionaire Elon Musk and entrepreneur Vivek Ramaswamy will lead a new Department of Government Efficiency tasked to “dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies”, US President-elect Donald Trump announced on Tuesday.

Trump picks Musk, entrepreneur Ramaswamy for govt efficiency effort

Newly minted Attorney General Datuk Mohd Dusuki Mokhtar said he would review the ongoing prosecution of former finance minister Tun Daim Zainuddin following Daim’s sudden death on Wednesday morning.

AG: I will review Daim’s prosecution after getting the death certificate

The ringgit was the major loser on Wednesday among broadly muted emerging Asian peers, as Malaysia's third-quarter economic growth appeared set to have lost pace, reflecting a fall in mining output.

Ringgit at three-month low as GDP growth forecast to slow; forex tepid

KUALA LUMPUR (Nov 13): BIMB Securities has downgraded Hartalega Holdings Bhd (KL:HARTA) to a “sell” call, from a “hold”, after a share price rally.

BIMB Securities downgrades Hartalega to ‘sell’ after price rally

Over 200 people, including politicians, business figures, and relatives of the late Tun Daim Zainuddin have gathered to pay their last respects to Malaysia’s former twice-serving finance minister, who died at 8.21am on Wednesday.

KUALA LUMPUR (Nov 13): Former prime minister Tun Dr Mahathir Mohamad expressed his deep sadness following the death of his close friend, Tun Daim Zainuddin, who passed away on Wednesday morning.

Tun Mahathir mourns Daim Zainuddin

KUALA LUMPUR (Nov 13): Hartanah Kenyalang Bhd, a Sarawak-based construction services firm, has filed for an initial public offering (IPO) on the ACE Market of Bursa Malaysia to raise funds for expansion and to finance existing operations.

Sarawak builder Hartanah Kenyalang files for ACE Market IPO

Transport Minister Anthony Loke announced on Wednesday that the Cabinet has approved a RM442.3 million upgrade for Kota Kinabalu International Airport (KKIA).

Cabinet approves RM442m upgrade for Kota Kinabalu International Airport

Prime Minister Datuk Seri Anwar Ibrahim has expressed his condolences following the passing of former finance minister Tun Daim Zainuddin, which occurred upon Anwar's arrival in Lima, Peru.

Anwar mourns the passing of Daim Zainuddin

BOSTON (Nov 12): The US Senate's Democratic majority began a crusade on Tuesday to confirm as many new federal judges nominated by President&nbsp;Joe Biden&nbsp;as possible, to avoid leaving vacancies that Republican&nbsp;Donald Trump&nbsp;could fill after taking office on Jan&nbsp;20, 2025.

US Senate Democrats rush to confirm judges nominated by Biden before Trump takes office

Nissan Motor Co’s rapid decline has drawn the attention of one of the most influential activist investors in Japan, adding a fresh dose of uncertainty to the automaker’s turnaround plans.

Nissan enters new era of turmoil as Effissimo takes stake

Malaysia Marine and Heavy Engineering Holdings Bhd (KL:MHB) returned to the black in the third quarter ended Sept 30, 2024 (3QFY2024), as revenue jumped 42% year-on-year, thanks to improved performance of both its heavy engineering and marine segments.

Malaysia Marine and Heavy Engineering returns to the black in 3Q

Bumi Armada Bhd (KL:ARMADA), an oilfield services provider controlled by tycoon T&nbsp;Ananda Krishnan, is considering buying MISC Bhd’s (KL:MISC) offshore energy business, according to people with knowledge of the matter.

Bumi Armada could buy MISC's offshore energy assets, Bloomberg reports

Seven &amp; i Holdings Co&nbsp;is considering a management buyout to take itself private with funding from banks, Itochu Corp, and the founding Ito family in a transaction that could be worth around ¥9 trillion (US$58 billion or RM258.63 billion), people with knowledge of the matter said.

Seven & I mulling privatisation in Japan's biggest US$58b buyout — Bloomberg

Asian stocks fell to the lowest level in almost two months on Wednesday, before US inflation data that may further sap confidence in the pace of Federal Reserve (Fed) interest-rate cuts.&nbsp;

Asian stocks drop to two-month low before US CPI

LIMA, Peru (Nov 13): The aircraft carrying Prime Minister Datuk Seri Anwar Ibrahim touched down at 11.15pm&nbsp;local time on Tuesday (Nov 12), marking his official visit to the western South American country.