<div class=newsTextDataWrapInner>SINGAPORE (Sept 17): Citi has appointed Rapheal Mun to the new position of head of sustainability &amp; corporate transitions (SCT) for its banking, capital markets and advisory (BCMA) group in Asia Pacific on Friday, Sept 17.</div>

<div class=newsTextDataWrapInner>Mun, who will relocate to Singapore from London, will lead BCMA’s sustainability and ESG strategy and client engagement in the region, in her new role.</div>

<div class=newsTextDataWrapInner>She will report to<a href="https://www.theedgesingapore.com/news/new-appointments/citi-appoints-rapheal-mun-apac-sustainability-esg-banking-head" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Sept 17): Citi has appointed Rapheal Mun to the new position of head of sustainability & corporate transitions (SCT) for its banking, capital markets and advisory (BCMA) group in Asia Pacific on Friday, Sept 17.

Citi appoints Rapheal Mun as APAC sustainability & ESG banking head

Technology company ViTrox Corp Bhd (KL:VITROX) saw its net profit for the third quarter ended Sept 30, 2024 (3QFY2024) fall 32.5% to RM22.45 million, from RM33.25 million a year earlier, amid a weak US dollar, which led to a notable unfavourable foreign exchange loss.

Forex loss drags ViTrox’s 3Q net profit down 33%

(Oct 24): Hesai Group on Thursday said it plans to continue its legal process against the US after the Pentagon reinstated the lidar manufacturer on its blacklist of Chinese firms allegedly working with Beijing's military.

The US Justice Department said in a court filing last week that ...

China's Hesai to press on with US lawsuit after being reinstated to blacklist

India’s Prime Minister Narendra Modi said BRICS shouldn’t project itself as an alternative to global organisations, even as founding members like Russia and China try to expand the group to challenge the US-led global order.

Modi says BRICS must avoid being anti-West group as it grows

Hermes sales rose as the Birkin bag maker met resilient demand for its pricey handbags, bucking the broader luxury market slump that’s dragged down peers like Gucci-owner Kering SA.

Hermes sales outshine Gucci on resilient demand for handbags

European shares and US stock futures rallied on Thursday after equity markets suffered a sell-off the previous day, while the dollar slipped as the euro, yen and pound perked up.

European stocks and US futures rebound as dollar slips

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI down 0.57% to 1,632.23 on Oct 24, 2024

Cuckoo International (MAL) Bhd, the local unit of South Korean appliance maker, has filed for an initial public offering (IPO) on the Main Market of Bursa Malaysia to raise funds for expansion.

The proposed IPO involves an offer for sale of existing shares and a public issue of new shares at a price to be determined later, according to the draft prospectus.

Cuckoo Malaysia files for Main Market IPO to raise funds for expansion

Tesla's stock shot up nearly 12% in pre-market trade on Thursday, a day after it forecast surging car sales growth, reassuring investors that CEO Elon Musk was still looking to expand the company's core business of selling electric vehicles.

Tesla allays investor fears with crucial EV growth forecast, shares jump

The US-China tech war is all but certain to heat up no matter whether Republican Donald Trump or Vice President Kamala Harris wins the Nov 5 US presidential election, with the Democrat likely to come out with targeted new rules and Trump a blunter approach.

US-China tech war seen heating up regardless of whether Trump or Harris wins

NEWS: MDX Summit 2024 launched

Malaysia has been recognised as one of 13 nations officially added to BRICS as a partner country, a bloc that collectively accounts for one-fifth of global trade.

According to an update from @BRICSInfo on X, the bloc officially added 13 new nations to the alliance as partner countries, though not yet as full members.

Malaysia, 12 other countries officially added as BRICS partner countries

Healthcare services firm Metro Healthcare Bhd (KL:MHCARE) on Thursday unveiled the prospectus for its initial public offering (IPO) to raise RM39.16 million as part of its listing transfer from the LEAP Market to the ACE Market.

Metro Healthcare unveils prospectus for RM39.16 mil IPO, priced at 25 sen per share

Imprisoned former prime minister Datuk Seri Najib Razak has apologised and expressed regret that the 1Malaysia Development Bhd (1MDB) scandal happened under his watch.&nbsp;

Najib offers unreserved apology, regrets that 1MDB scandal happened under his watch

Shares of MNRB Holdings Bhd (KL:MNRB) surged on Thursday and may be on course for their best day in more than four months following the reinsurer’s latest quarterly results.

MNRB shares on course for best day in over four months after results

European shares and US stock futures rallied on Thursday after equity markets suffered a sell-off the previous day, while the dollar slipped as the euro, yen and pound perked up.

While former chief minister Lim Guan Eng is on trial related to graft over the Penang undersea tunnel, the focus of his trial on Thursday centred on former prime minister Datuk Seri Najib Razak.

Penang undersea trial suddenly shifts focus to Najib

Capital A Bhd’s (KL:CAPITALA) share capital reduction plan would strengthen its financial position and aid the company’s broader restructuring efforts, said an industry consultant and a sell-side analyst.

Capital A on last leg of journey to exit PN17 with capital reduction plan, analysts say

MBI Group, founded by Tedy Teow Wooi Huat 15 years ago, was initially presented as a legitimate “members-only” investment programme and loyalty scheme promising investors exceptionally high returns. Unfortunately, it turned out to be a money game, allegedly involving fraud, scams and operating as...

Cover Story: 400 Chinese investors demand RM170 mil in class action against MBI

Malaysia’s inflation decelerated in September and was a tad slower than expected, as prices of key food items and utilities remained steady while transport costs eased, official data on Thursday showed.

Malaysia's September inflation moderates amid steady food group, transport index eases

Imprisoned former prime minister Datuk Seri Najib Razak said that he wanted the central bank and AmBank to monitor the flow of monies into his personal accounts, to ensure that everything was above board.

Najib says wanted BNM and AmBank to monitor his accounts, to avoid anything 'untoward'

Big tech climbed in late hours as Tesla Inc kicked off the “Magnificent Seven” earnings season with solid results. Bond yields rose on bets the Federal Reserve will take a measured approach on rate cuts.

US tech stocks up in late trading as Tesla surges 9%

Singapore temporarily blocked the demolition of the house of its first prime minister, Lee Kuan Yew, as it weighs whether to preserve the property that has sparked a yearslong feud among his children.

Singapore blocks demolition of ex-premier Lee Kuan Yew’s home

The government will continue to promote the use of local currency in international settlements and periodically enhance mechanisms with strategic partner countries.

The Ministry of Investment, Trade and Industry (Miti) said the government remains open to expanding the use of regional local currencies with major Asean countries, including Vietnam and the Philippines, as well as BRICS members such as Russia and India.

Govt to prioritise ringgit use in international settlements — Miti

Negotiations over the redevelopment of major transport hub Kuala Lumpur Sentral are expected to be completed this year, paving the way for the project's launch in 2025, said Transport Minister Anthony Loke Siew Fook.

KL Sentral redevelopment to kick off next year, says Loke

Boeing factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to new chief executive officer Kelly Ortberg's plan to shore up the finances of the struggling planemaker.

Boeing strike barrels on as workers reject wage deal

LOCATED just minutes away from Queensbay Mall is the site of the RM10 billion Penang World City (PWC), first unveiled in November 2011. To be built on both existing and reclaimed land, PWC was to be jointly developed by Ivory Properties Group Bhd (KL:IVORY) and Tropicana Corp Bhd (KL:TROP) — then...

Cover Story: Penang World City and the MBI effect

Japan’s Liberal Democratic Party has held power for all but a handful of years since the 1950s largely due to strong support in rural areas of the archipelago. That formula for success now looks to be unravelling ahead of Sunday’s national election.

One of the world’s most successful political parties is in trouble in Japan

Shares of TAS Offshore Bhd (KL:TAS) surged on Thursday to their highest in four months in active trade after the shipbuilder announced contract win for eight tugboats worth RM49.1 million.

TAS Offshore shares surge to four-month high following contract win

A total of 97,866, or 49%, out of 197,348 active loan borrowers have been blacklisted by Majlis Amanah Rakyat (Mara) for loan defaults.

Nearly 50% of Mara loan borrowers blacklisted for defaults

BUDGET 2025 has sparked mixed reactions within the country’s semiconductor sector, with some industry leaders hailing the initiatives as a significant step forward, while others say they lack the depth and focus needed to truly elevate Malaysia to the status of a global semiconductor hub.

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