<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on June 11, 2018 - June 17, 2018</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: CIMB Group has appointed Hendra Lembong (pic) , its group transaction banking chief executive officer (CEO), as its chief fintech officer, effective June 1.</p></div>

<div class=newsTextDataWrapInner><p>In a statement yesterday, CIMB Group CEO Tengku Datuk Seri Zafrul Aziz said he is pleased to have Hendra take on the new role.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“CIMB FinTech is a strategic unit for CIMB to examine and invest in new technology, encompassing, among others, AI, blockchain, data science, and machine learning, to enable us to digitise our core, enhance customer experience, and where necessary, disrupt our business.</p></div>

<div class=newsTextDataWrapInner><p>“As such, CIMB FinTech will play a crucial role in the formulation of our next mid-term growth strategy,” said Tengku Zafrul.</p></div>

<div class=newsTextDataWrapInner><p>CIMB FinTech was launched in 2017 to drive innovation, as well as chart and execute the group’s long-term digital road map.</p></div>

<div class=newsTextDataWrapInner><p>Hendra started his career at CIMB in 2013 as chief of transaction banking for CIMB Niaga, Indonesia, before having his role expanded in 2017 to group transaction banking CEO.</p></div>

<div class=newsTextDataWrapInner><p>Hendra holds a bachelor of science in chemical engineering from University of Washington, the US, and a master of science in engineering-economic systems, from Stanford University, also in the US.</p></div>


KUALA LUMPUR: CIMB Group has appointed Hendra Lembong (pic) , its group transaction banking chief executive officer (CEO), as its chief fintech officer, effective June 1.

In a statement yesterday, CIMB Group CEO Tengku Datuk Seri Zafrul Aziz said he is pleased to have Hendra take on the...

CIMB names Hendra Lembong as chief fintech officer

(Jan 15): New users have piled in to Chinese social media app RedNote just days before a proposed U.S. ban on the popular social media app TikTok, as the lesser-known company rushes to capitalize on the sudden influx while walking a delicate line of moderating English-language content, sources to...

Over half a million ‘TikTok refugees’ flock to China's RedNote

MN Holdings Bhd (KL:MNHLDG), a specialist in underground utilities and substation engineering, will experience minimal disruption to its ongoing data centre projects despite recent US export controls on artificial intelligence (AI) chips, according to Phillip Capital.

MN Holdings' key customer largely unaffected by AI chip curbs, says Phillip Capital

JOHOR BAHRU (Jan 15): A former engineer suffered a loss of RM9.47 million after participating in a non-existent online cryptocurrency investment scheme that claimed to offer high returns.

Ex-engineer loses RM9.47m in cryptocurrency investment scam

US President-elect Donald Trump said on Tuesday he will create a new government agency called the External Revenue Service "to collect tariffs, duties, and all revenue" from foreign sources as he readies new import tariffs ahead of his inauguration next week.

Trump says he will create new agency to collect revenue from foreign sources

KUALA LUMPUR (Jan 15): Maintenance, repair and overhaul (MRO) services are poised to become the primary area of collaboration between Malaysia and the United States (US) in the aerospace sector, according to the US International Trade Administration’s international trade specialist Stefanie Merchant.

MRO services to drive Malaysia-US collab in aerospace sector, says trade specialist

Microsoft is planning to halt hiring in part of its consulting business in the US in a bid to cut costs, CNBC reported on Tuesday, citing an internal memo.

Microsoft halts hiring in US consulting unit as cost-cutting measure, CNBC reports

KUALA LUMPUR (Jan 15): The five independent directors of Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) have not been terminated, contrary to a statement made by Machang Member of Parliament Wan Ahmad Fayhsal Wan Ahmad Kamal.

MAHB: Five independent directors not terminated

Turmoil in Europe's car sector could hit the central European economy and hurt banks' asset quality, S&P Global said on Tuesday, although it added that lenders were "strong enough" to withstand stress in their automotive portfolios.

Central Europe's banks 'can withstand' car sector turmoil, S&P says

Thailand may permit Bitcoin exchange-traded funds (ETFs) to list on local exchanges for the first time as the country vies to nurture a digital-assets hub.

Thailand mulls allowing first Bitcoin ETF in bid to boost sector

(Jan 15): The correlation between bitcoin and a gauge of US technology stocks has hit a two-year high, indicating that the equity market’s reaction to US inflation data due later on Wednesday may set the tone for digital tokens.

Bitcoin taking cue from tech stocks as markets await US CPI test

<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>


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

<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 allegations, with the embattled leader saying he agreed to comply with what he called an illegal probe to avoid "bloodshed".</p>


South Korean investigators arrest impeached President Yoon, ending weeks-long standoff

<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>(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):&nbsp;Donald Trump’s inauguration promises to usher in an era of upheaval in global commerce, forcing governments around the world to scramble in preparation for a tariff onslaught, even before he’s back in the White House.&nbsp;</p>


World readies for Trump tariffs even before his White House return

<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>KUALA LUMPUR (Jan 15): Yinson Holdings Bhd’s (KL:YINSON) move to rope in foreign partners for its production unit would strengthen its own balance sheet and reduce the reliance on debt, analysts said.</p>


Yinson’s move to rope in foreign partners for unit is timely, will strengthen balance sheet, analysts say as shares rise

<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>


Chip industry groups slam expected rules in private letter to Biden

<p>KUALA LUMPUR (Jan 15): The five independent directors of Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) have not been terminated, contrary to a statement made by Machang Member of Parliament Wan Ahmad Fayhsal Wan Ahmad Kamal.</p>


<p>Thailand may permit Bitcoin exchange-traded funds (ETFs) to list on local exchanges for the first time as the country vies to nurture a digital-assets hub. &nbsp;</p>


<p>JOHOR BAHRU (Jan 15):&nbsp;A former engineer suffered a loss of RM9.47 million after participating in a non-existent online cryptocurrency investment scheme that claimed to offer high returns.</p>


<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>


Intel to spin off its venture capital arm

<p>MN Holdings Bhd (KL:MNHLDG), a specialist in underground utilities and substation engineering, will experience minimal disruption to its ongoing data centre projects despite recent US export controls on artificial intelligence (AI) chips, according to Phillip Capital.</p>


<p>LONDON (Jan 15): Prime Minister Datuk Seri Anwar Ibrahim arrived in the United Kingdom (UK) capital on Wednesday for a five-day working visit to Malaysia’s fourth largest trading partner among the European Union (EU) member countries.</p>


Anwar arrives in London for working visit to UK

<p>New users have piled in to Chinese social media app RedNote just days before a proposed US ban on the popular social media app TikTok, as the lesser-known company rushes to capitalise on the sudden influx while walking a delicate line of moderating English-language content, sources told <em>Reuters</em>.</p>


Over half a million ‘TikTok refugees’ flock to China's RedNote, Reuters reports

<p>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.</p>


China is scouring the globe in search of new food suppliers

<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 Biden administration has added 37 companies from China’s mining, solar and textile sectors to its list of those banned from exporting to the US due to alleged forced labour practices in the Xinjiang region.</p>


US bans imports from 37 China firms due to alleged forced labour

<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>
