<div class=newsTextDataWrapInner>SINGAPORE (March 25): CIMB Singapore will be retrenching staff as part of a retrenchment exercise, according to an internal memo on March 23. 
The number of staff affected is undisclosed.</div>

<div class=newsTextDataWrapInner>The exercise will also see the bank closing its branch in Orchard Road, according to The Business Times.</div>

<div class=newsTextDataWrapInner>The exercise comes as the bank reviews its growth strategy in line with the group’s vision to be<a href="https://www.theedgesingapore.com/news/banking-finance/cimb-singapore-axes-staff-close-orchard-branch-restructuring-exercise" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (March 25): CIMB Singapore will be retrenching staff as part of a retrenchment exercise, according to an internal memo on March 23.
The number of staff affected is undisclosed.

The exercise will also see the bank closing its branch in Orchard Road, according to The Business Times.

CIMB Singapore axes staff, to close Orchard branch in restructuring exercise

Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, slashing their holdings in Apple and boosting cash to a record US$325.2 billion (RM1.43 billion).

Berkshire's cash soars to US$325b as Buffett sells Apple, BofA; operating profit falls

US investment group KKR is in talks with troubled British utility Thames Water and its advisers about participating in a £3 billion (US$3.88 billion or RM16.99 billion) share sale which forms part of a wider recapitalisation plan, Sky News reported on Saturday.

KKR exploring investment in Thames Water share plan — report

The government will introduce stricter laws to tackle cyberbullying, which is becoming more concerning, said Prime Minister Datuk Seri Anwar Ibrahim.

Govt to introduce stricter laws to tackle cyberbullying, says Anwar

TGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection after grappling with prolonged financial challenges and a collapsed deal with UK-based Hostmore.

TGI Friday's operator files for bankruptcy amid financial woes

British Prime Minister Keir Starmer promised reforms to speed up the economy and overhaul the public sector after the Labour government's first budget failed to boost the growth outlook and sent government bond prices into a two-day dive.

UK's Starmer pledges more growth reforms after budget hit to markets

Cooperation between Pakatan Harapan (PH) and Barisan Nasional (BN) should continue in the next general election following the political stability the country is currently enjoying.

PH-BN cooperation should continue, says Anwar

Prime Minister Datuk Seri Anwar Ibrahim has instructed Khazanah Nasional Bhd to conduct an internal audit following the RM43.9 million investment loss in FashionValet Sdn Bhd.

Anwar directs Khazanah to audit RM43.9m FashionValet investment loss

The West Coast Expressway (WCE) from Banting, Selangor, to Gelang Patah, Johor, will serve as an alternative route to alleviate the traffic congestion frequently faced by motorists on the North-South Expressway (NSE).

Loke: WCE to ease NSE congestion, boost local economy

Leakages and wastage in government subsidies allocated to the people must be effectively addressed through accurate data and information provided by the Department of Statistics Malaysia (DOSM), said Prime Minister Datuk Seri Anwar Ibrahim.

Accurate data needed to curb leakages in govt subsidies, says Anwar

The Malaysian Anti-Corruption Commission (MACC) has opened an investigation into the investment losses of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) in a local online fashion business.

MACC opens investigation on Khazanah and PNB investment in online fashion business

TGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection after grappling with prolonged financial challenges and a collapsed deal with UK-based Hostmore.

U Mobile Sdn Bhd, which has been selected to implement the country’s second 5G network, will reduce its foreign majority shareholding to 20% to ensure greater Malaysian control and invite participation from local investors.

U Mobile to reduce foreign majority shareholdings to 20%

The Malaysian Anti-Corruption Commission (MACC) has opened an investigation into the investment losses of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) in a local online fashion business.

Prime Minister Datuk Seri Anwar Ibrahim has instructed Khazanah Nasional Bhd to conduct an internal audit following the RM43.9 million investment loss in FashionValet Sdn Bhd.

Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has appointed Nazaiful Affendi Zainal Abidin as the chief strategy and services officer effective Nov 1, 2024.

KWAP appoints Nazaiful Affendi as chief strategy and services officer

The West Coast Expressway (WCE) from Banting, Selangor, to Gelang Patah, Johor, will serve as an alternative route to alleviate the traffic congestion frequently faced by motorists on the North-South Expressway (NSE).

Prime Minister Datuk Seri Anwar Ibrahim has insisted that he will not block and interfere in the investigation of the National Farmers' Organisation (Nafas) and Khazanah Nasional Bhd by the authorities including the Malaysian Anti-Corruption Commission (MACC).

Anwar: No obstruction, no interference in probe on Nafas, Khazanah

Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, slashing their holdings in Apple and boosting cash to a record US$325.2 billion (RM1.43 billion).

Cooperation between Pakatan Harapan (PH) and Barisan Nasional (BN) should continue in the next general election following the political stability the country is currently enjoying.

The auditor general has been empowered to conduct audits on the accounts of 1,856 other companies, including the government-linked companies (GLCs) which came into effect on Friday.

Auditor general empowered to audit account of 1,856 other bodies, GLCs

Elon Musk was dealt a significant setback in a court fight over his purge of Twitter Inc’s top executives when he took over the company in 2022.

Musk loses bid to dismiss ex-Twitter CEO’s severance lawsuit

Leakages and wastage in government subsidies allocated to the people must be effectively addressed through accurate data and information provided by the Department of Statistics Malaysia (DOSM), said Prime Minister Datuk Seri Anwar Ibrahim.

British Prime Minister Keir Starmer promised reforms to speed up the economy and overhaul the public sector after the Labour government's first budget failed to boost the growth outlook and sent government bond prices into a two-day dive.

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US investment group KKR is in talks with troubled British utility Thames Water and its advisers about participating in a £3 billion (US$3.88 billion or RM16.99 billion) share sale which forms part of a wider recapitalisation plan, Sky News reported on Saturday.

Kamala Harris has made freedom a central theme of her campaign. Under the heading“Safeguard our fundamental freedoms,” her website explains that: “Vice President Harris’s fight for our future is also a fight for freedom. In this election, many fundamental freedoms are at stake: the freedom to mak...

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The government will introduce stricter laws to tackle cyberbullying, which is becoming more concerning, said Prime Minister Datuk Seri Anwar Ibrahim.