<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 9): Tan Sri Shamsul Azhar Abbas has been appointed as an independent director of Deleum Bhd, effective June 9.</p></div>

<div class=newsTextDataWrapInner><p>He was the former Petronas president &amp; CEO from 2010 to 2015. Currently, he also holds directorship in Enra Group Bhd, according to Deleum’s filing with Bursa Malaysia on Thursday (June 9).</p></div>

<div class=newsTextDataWrapInner><p>“During the tenure of his leadership, he guided Petronas in undertaking strategic landmark projects such as the Pengerang Integrated Refinery and Petrochemical Project (RAPID), the Bintulu Train 9 project, the construction of two Petronas floating liquified natural gas facilities and Malaysia's first regasification terminal in Malacca,” the filing noted.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Shares in Deleum finished half sen or 0.76% lower at 65 sen on Thursday, giving it a market value of RM261.01 million.&nbsp;Year to date, the stock has soared by 30%.&nbsp;</p></div>


KUALA LUMPUR (June 9): Tan Sri Shamsul Azhar Abbas has been appointed as an independent director of Deleum Bhd, effective June 9.

Ex-Petronas CEO Shamsul Azhar Abbas joins Deleum as independent director

The tallest skyscraper in the City of London financial district has reached full occupancy just over four years after it was completed. 

RiverStone International, a holding company that acquires insurance businesses, has leased the final remaining floor at 22 Bishopsgate, according to a statement from the building’s developer Axa SA.

City of London’s tallest tower fully leased with RiverStone deal

KUALA LUMPUR (Jan 20): The US restriction on artificial intelligence (AI) chip exports is expected to have a limited impact on Malaysia’s semiconductor companies, which are primarily involved in assembly and testing, according to Nomura Asset Management Malaysia managing director and country head Leslie Yap.

US chip curbs’ impact on Malaysia’s semicon sector minimal, says Nomura’s country head

Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT), which is in the midst of a privatisation exercise, said that the group is “almost there” for the resumption of its aerotrain services at the Kuala Lumpur International Airport (KLIA), following a near two-year suspension.

‘We are almost there’ for aerotrain op resumption, says MAHB amid delays

Youth joblessness in Chinese cities fell for a fourth straight month in December, official data showed on Monday.

The urban jobless rate for 16 to 24-year-olds, excluding students, declined to 15.7% from 16.1% in November, according to data from the National Bureau of Statistics (NBS).

China urban youth jobless rate down at 15.7% in December

With Donald Trump about to start a second term in the White House, investors around the globe are bracing for big changes in trade policies. One sector they are zeroing in on is China tech, and the sentiment is: wait and see.

Chinese tech stock hedges cheapen before Trump’s return

The London Metal Exchange (LME) has approved Hong Kong as a warehouse location for the first time as the bourse seeks a stronger link to mainland China — the world’s biggest metals market.

The Hong Kong storage site will be permitted to hold the LME’s main base metals, including copper, zinc and aluminium, the LME said in an emailed statement.

London Metal Exchange approves Hong Kong as warehouse location to attract China

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

FBM KLCI up 0.36% to 1,572.34 on Jan 20, 2025

JOHOR BAHRU (Jan 20): The tourism ministers of Asean member countries have agreed on the need to promote secondary and tertiary tourism locations to combat overtourism, Tourism, Arts and Culture Ministry (Motac) secretary general Datuk Roslan Abdul Rahman said.

Asean tourism ministers agree to promote secondary, tertiary locations to combat overtourism

PASIR SALAK (Jan 20): Halal Development Corporation Bhd (HDC) has disclosed that more than 70% of halal certification holders in Malaysia are non-Bumiputera companies.

HDC: Over 70% of halal certificate holders are non-Bumiputera companies 

South Korea's impeached President Yoon Suk Yeol refused on Monday to be questioned by investigators under a probe into whether he committed insurrection, as dozens of his supporters faced being charged over a violent rampage on a court building.

Authorities said security was being beefed up at the Seoul Detention Centre where Yoon is being held as a pre-trial inmate and at the Constitutional Court which is holding an impeachment trial to decide whether to permanently remove him from office.

South Korea's Yoon shuns questioning as security tightened after court rampage

<p>A consortium led by Khazanah Nasional Bhd is revising the terms for its takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT) to lower the acceptance conditions to at least 85%.</p>


Malaysia Airports privatisation turns unconditional as acceptance threshold cut to 85%, deadline extended

<p>TikTok began restoring its services on Sunday after President-elect Donald Trump said he would revive the app's access in the US when he returns to power on Monday.</p>


TikTok restores US service after Trump says 'we have to save it' 

<p>Singapore’s currency weakness is likely to endure amid expectations that its central bank pivots to easing and US tariffs ripple through the global economy.</p>


Singapore dollar set to weaken as monetary authority pivot comes into focus

<p>KUALA LUMPUR (Jan 20): A proposal to convert private lease scheme land to freehold status in Medini Iskandar in Johor, will significantly boost Sunway Bhd’s (KL:SUNWAY) land value and gross development value, according to an analyst.</p>


Sunway to get significant boost from Medini land conversion offer, HLIB says

<p>AHAM Asset Management Bhd (AHAM Capital) has declared a total income distribution of RM1.11 billion for the financial year 2024 (FY2024), covering 89 wholesale and retail funds.</p>


AHAM Capital declares RM1.11b income distribution for FY2024

<p>Malaysia’s exports continued their expansionary trajectory in 2024, driven by strong performances in both manufactured and agricultural products, official data on Monday showed.</p>


Malaysia's 2024 trade jumps 9.2% to record high; exports top RM1 tril for fourth straight year

<p>President-elect Donald Trump is poised to invoke emergency powers as part of his plan to unleash domestic energy production while seeking to reverse President Joe Biden’s actions to combat climate change, according to people familiar with the matter.&nbsp;</p>


Trump to declare national energy emergency, unlocking new powers — Bloomberg

<p>SRC International Sdn Bhd’s lawsuit against Umno went to trial on Monday after both parties failed to reach an out-of-court settlement.</p>


SRC and Umno fail to reach settlement in RM19.5 mil civil suit, trial starts

<p>The dollar drifted lower and stocks were cautiously positive on Monday as investors waited for an expected flurry of policy announcements in the first hours of Donald Trump's second presidency and eyed a rate hike in Japan at the end of the week.</p>


Dollar dips, stocks creep higher as second Trump term dawns

<p>WHILE it’s hard to say if the worst is over for a number of beaten-down blue chips, market experts believe it is a matter of time before things look up on the back of strong investment flows.</p>

<p>In fact, some fund managers and analysts are of the view that some of the stocks’ undemanding v...

Better days ahead for beaten-down big caps on Bursa 

<p>WASHINGTON (Jan 19):&nbsp;Donald Trump&nbsp;told thousands of roaring supporters that he would impose severe limits on immigration on his first day in office, vowing to swiftly fulfil the central promise of his presidential campaign at a rally on Sunday, inside a packed Washington arena, a day before he returns to power.</p>


Trump promises harsh immigration limits on inauguration eve

<p>KUALA LUMPUR (Jan 20): Bursa Malaysia Bhd (KL:BURSA) will likely report a 37%-39% net profit growth for 2024, even as earnings may decline in the final three months on a quarter-on-quarter basis, CIMB Securities said.</p>


Bursa Malaysia to report 37%-39% net profit growth in 2024, CIMB estimates

<p>Local institutions remained net buyers for the 13th consecutive week on Bursa Malaysia, with net purchases of RM797.8 million, according to MIDF Amanah Investment Bank Bhd (MIDF).</p>


MIDF: Local institutions maintain buying streak on Bursa for 13th straight week

<p>Convenience store chain operator 7-Eleven Malaysia Holdings Bhd (KL:SEM), in which Berjaya Group founder Tan Sri Vincent Tan owns a 28.07% stake, said on Monday it is setting up 100 original cash recycling machines (CRMs) at its outlets across Malaysia.</p>


7-Eleven Malaysia to set up 100 Seven Bank cash recycling machines at its outlets

<p>Former prime minister Datuk Seri Najib Razak said that he did not intimidate KPMG’s ex-managing partner Datuk Johan Idris to close the pending audit of 1Malaysia Development Bhd (1MDB) in 2013.</p>


1MDB-Tanore: Najib says didn't intimidate KPMG auditor

<p>Jendela Pinggiran Sdn Bhd (JPSB) — a subsidiary of SRC International Sdn Bhd allegedly set up to carry out corporate social responsibility (CSR) activities and received RM43.96 million of SRC funds in 2015 — was used as former Umno president Datuk Seri Najib Razak’s “slush fund”, the High Court heard on Monday.</p>


SRC's sham CSR subsidiary used as Najib’s RM43.96 mil slush fund, court hears

<p>Former prime minister Datuk Seri Najib Razak reiterated in court on Monday that he did not take instructions from fugitive Low Taek Jho (Jho Low).</p>


Najib says he did not follow Jho Low's instructions

<p>SEREMBAN (Jan 20): The previously terminated high-speed rail (HSR) project linking Kuala Lumpur and Singapore can only proceed with full participation from the private sector and minimal government funding, Transport Minister Anthony Loke Siew Fook reiterated on Monday.</p>


Minimal govt funding for HSR, revival hinges on private participation, says Loke

<p>GEORGE TOWN (Jan 20): Fajarbaru Builder Group Bhd (KL:FAJAR) and the Penang Development Corporation (PDC) have signed the&nbsp;master purchase and development agreement (master PDA) for the first phase of the Penang Medi-City project in Batu Kawan.</p>


Fajarbaru, Penang Development Corporation ink master agreement for phase 1 of Medi-City in Batu Kawan

<p>KUALA LUMPUR (Jan 20): ACE Market-bound Northern Solar Holdings Bhd is expected to continue delivering its above-average net profit margin on lower global solar-panel prices, said PublicInvest Research.</p>
