<div class=newsTextDataWrapInner>Pang Thieng Hwi, Thomas has been appointed CEO wef July 1 
Work experience: CEO, Keppel Infrastructure Fund Management Pte Ltd; GM, corporate development, Keppel Offshore &amp; Marine</div></div><div class=inPageAd id=div-gpt-ad-inpage>

Pang Thieng Hwi, Thomas has been appointed CEO wef July 1
Work experience: CEO, Keppel Infrastructure Fund Management Pte Ltd; GM, corporate development, Keppel Offshore & Marine

Keppel Telecommunications & Transportation - Corporate moves 

The Edge Communications Sdn Bhd and its owner Tan Sri Tong Kooi Ong have ceased to be a substantial shareholder in Star Media Group Bhd following the latest share sale last week.

Tong sold out his direct stake of 0.2%, or 1.45 million shares on May 2 and 3. Meanwhile, The Edge sold 1.5 million shares on May 3, according to Star Media’s exchange filing. The transaction price was not disclosed.

The Edge and its owner cease to be substantial shareholders of Star Media

A supervisor died after falling from a height of more than 20 metres while inspecting maintenance work carried out on a ladle crane at a manufacturing plant here on Sunday.

Penang Department of Occupational Safety and Health (DOSH) director Hairozie Asri said the initial investigation found that the victim was a 51-year-old local citizen and a supervisor who was overseeing ladle crane maintenance work carried out by workers at the factory.

Stop-work ordered after ladle crane supervisor falls to death

The Ministry of Investment, Trade and Industry (MITI) is calling upon local companies to establish investment partnerships with companies from Saudi Arabia, especially in the services sector.

Miti encourages local companies to form investment partnerships with Saudi Arabia

The Ministry of Health (MOH) has given an assurance that it will disclose data on adverse events following immunisation (AEFI) resulting from Covid-19 vaccines at a time to be determined, said its Minister, Datuk Seri Dr Dzulkefly Ahmad.

Without specifying a definitive timeframe, he said it was his responsibility as Minister of Health, and he had previously raised in post-Cabinet meetings for AEFI reports to be made public.

MOH assures to disclose data on adverse reactions to Covid-19 vaccines — Dr Dzulkefly

Malaysia is excited to take on the chairmanship of the Association of Southeast Asian Nations (Asean) next year as it aims to invigorate the association’s forums and tackle future challenges.

Communications Ministry secretary-general Datuk Mohamad Fauzi Md Isa said Malaysia envisions a united Asean that stands as a formidable regional bloc, resilient in the face of global adversities.

Malaysia looking forward to taking over Asean chairmanship next year

The US Securities and Exchange Commission warned Robinhood Markets Inc that it faces an enforcement action over its crypto business — the latest sign that the regulator isn’t letting up on its years-long crackdown on digital assets.

SEC warns Robinhood that its crypto business faces lawsuit

Israel's military carried out airstrikes in Rafah on Monday, residents said, hours after Israel told Palestinians to evacuate parts of the southern Gaza city where more than a million people uprooted by the war have been sheltering.

Fears are growing of a full-blown assault in Rafah, long threatened by Israel, against holdouts of the Palestinian militant group Hamas as ceasefire talks in Cairo stall. Hamas official Izzat al-Rashiq said in a statement that any Israeli operation in Rafah would put the truce talks in jeopardy.

Israel strikes Gaza city of Rafah after evacuation order

His Majesty Sultan Ibrahim, King of Malaysia, has played a crucial role in advancing ties and friendship between the Malaysia and Singapore, said Singapore President Tharman Shanmugaratnam.

Sultan Ibrahim plays crucial role in advancing Malaysia-Singapore ties, says Singapore president

Rubber processor and exporter Seng Fong Holdings Bhd's net profit jumped more than threefold in its third quarter, thanks to higher sales volume and average selling prices.

It said its net profit for its 3QFY2024 ended March 31 surged to RM15.14 million from RM4.05 million a year earlier, while revenue jumped 39.2% to RM300.32 million from RM215.72 million.

Seng Fong’s net profit jumps over threefold in 3Q; share price hits all-time high

SINGAPORE (May 6): His Majesty Sultan Ibrahim, King of Malaysia, expressed special thanks to outgoing Singapore Prime Minister Lee Hsien Loong for being a close friend to Johor and Malaysia.

Sultan Ibrahim said Lee's dedication and foresight has steered Malaysia and Singapore towards cl...

King thanks outgoing Singapore PM Lee for being close friend to Malaysia

Energy giant Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its gas station business in Malaysia, the second-largest such network in the country, four industry sources aware of the discussions said, and a deal could be worth up to US$1 billion (RM4.74 billion).

Shell in talks to sell Malaysian fuel stations to Saudi Aramco — Reuters

For the first time in nearly a generation, fixed income is living up to its name.

At US$2m per minute, US treasuries mint cash like never before

Gamuda Land, the property arm of Gamuda Bhd, welcomed new tenants to its Quayside Mall and an international school to its Quayside Tower, through a memorandum of understanding (MOU) signing ceremony on April 25, according to a press statement on Monday.&nbsp;

Gamuda Land’s Quayside Mall in Kota Kemuning welcomes new tenants; Quayside Tower gets an international school 

The Road Transport Department (JPJ) said that the insurance comparison platform BJAK has not received approval to offer road tax renewal services.

BJAK not authorised for road tax renewal services, says JPJ

Malaysia’s central bank is unlikely to follow its counterparts in Indonesia and Philippines in raising interest rates when its monetary policy committee meets this week, HSBC said.

Malaysia unlikely to follow in Indonesia's, Philippines' rate hike footsteps — HSBC

Ho Hup Construction Co Bhd’s RM1 billion mixed development project in Bukit Jalil will be suspended as it plans to sell the project's 3.09-acre land for RM110 million cash.

The disposal deal, inked between Ho Hup’s wholly-owned unit Bukit Jalil Development Sdn Bhd (BJD) and Exsim Development Sdn Bhd’s wholly-owned subsidiary Exsim Persiaran Jalil Sdn Bhd, is aimed to improve the group’s financial position, it said in a bourse filing on Monday.

Ho Hup's Flex project to be suspended, buyers refunded as Exsim buys land for RM110m

The Edge Communications Sdn Bhd and its owner Tan Sri Tong Kooi Ong have ceased to be a substantial shareholder in Star Media Group Bhd following the latest share sale last week.

Tong sold out his direct stake of 0.2%, or 1.45 million shares on May 2 and 3. Meanwhile, The Edge sold 1.5 million shares on May 3, according to Star Media’s exchange filing. The transaction price was not disclosed.

KUALA LUMPUR (May 6): The Defence Services Asia (DSA) 2024 and National Security (Natsec) Asia 2024 exhibitions are able help the country gauge whether its&nbsp;defence assets are in line with the latest technological advances.

Asia defence services and security exhibition a medium to evaluate national assets in line with current tech — minister

THE long-awaited sale of Sapura Energy Bhd’s remaining 50% stake in its exploration and production (E&amp;P) unit — SapuraOMV Upstream Sdn Bhd — has finally come to pass. However, its largest shareholder, Permodalan Nasional Bhd (PNB), cannot breathe a sigh of relief yet.

Last week, the...

Sale of crown jewel alone won’t revive Sapura Energy

Proton Holdings Bhd reported on Monday its car sales rose by 17.1% to 11,025 vehicles in April (including domestic and exports) compared to the 9,415 units sold last year.&nbsp;

Proton records sales of 11,025 units in April, higher by 17.1% y-o-y

LONDON (May 6): High Chinese tariffs on EU brandy would leave French companies with vast amounts of cognac that could be hard to sell elsewhere, according to Reuters' calculations, analysts, and investors who fear firms could be forced to discount.

China opened an anti-dumping investiga...

Chinese tariffs could leave cognac makers with too much brandy

Pahang-based hypermarket operator TF Value-Mart Sdn Bhd has initiated legal action against GCH Retail (Malaysia) Sdn Bhd, operator of the Giant Hypermarket brand, citing loss of business and non-compliance with a court order to surrender a 180,000 sq ft premises located in Batu Caves.

TF Value-Mart sues GCH Retail to get it to vacate Giant Batu Caves premises

Former prime minister Tan Sri Muhyiddin&nbsp;Yassin's four graft charges, which were&nbsp;reinstated by the Court of Appeal in February, had met all&nbsp;the ingredients of an offence under stipulated laws,&nbsp;and were not ambiguous.

COA written grounds — Muhyiddin’s four charges clear enough, unambiguous 

Prime Minister Datuk Seri Anwar Ibrahim on Monday held an online conference with the president and chief investment officer of technology (CIO) giant Alphabet &amp; Google, Ruth Porat.

In a post on Facebook, Anwar who is also the Finance Minister said the session was a follow-up to their meeting in the United States last year.

Anwar: Alphabet & Google president updates on progress of potential areas of expansion in Malaysia

SHAH ALAM (May 6): The Ministry of Energy Transition and Water Transformation (Petra) has come up with the affordable “Solar BOLEH!” programme to enable more people to adopt solar energy by installing solar panels in their homes, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Ministry introduces affordable programme to boost solar energy adoption in homes

Billionaire investor Warren Buffett said there are “load of opportunities” in India, but he’s leaving them to future management.

Buffett says India holds ‘unexplored’ opportunities for future Berkshire leaders

The Attorney General's Chambers (AGC) will be objecting to Muar Member of Parliament Syed Saddiq's leave application to take legal action against Prime Minister Datuk Seri Anwar Ibrahim and the government over RM730,300 in allocations meant for his constituency.

AGC to object to Syed Saddiq's leave application over unpaid allocations

（新加坡6日讯）据四名知情行业消息人士透露，能源巨头蚬壳（Shell）正与沙地阿拉伯国有Saudi Aramco洽谈，出售其在马来西亚的油站业务，交易价值可能高达10亿美元（47亿4000万令吉）。

路透社：蚬壳向Saudi Aramco洽售大马油站

NCT Group of Companies has signed memorandums of understanding (MOUs) with SMARTSEL Sdn Bhd and Mikro Sdn Bhd to scale up the capabilities of the NCT Smart Industrial Park (NSIP), while introducing advanced sustainability practices geared to positively impact its carbon footprint.

NCT inks deal to integrate 4G and 5G networks at NCT Smart Industrial Park

theedgemalaysia.com highlighted one stock with positive momentum and five stocks with negative momentum at Bursa Malaysia's afternoon close on Monday. &nbsp;