<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 3): Hazman Hilmi Sallahuddin has been named the new chief investment officer (CIO) of Retirement Fund &nbsp;(Incorporated) (KWAP) effective Monday (Jan 3).&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Hazman was previously the managing director of Johor Corp's wholly-owned real estate subsidiary, Damansara Assets, and the chief executive officer of AMAL by Malaysia Airlines, a unit of Malaysia Aviation Group offering pilgrim-centric services.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>"Prior to that, Hazman was with Khazanah Nasional Bhd where he served in various roles across the organisation over 12 years, including as the senior vice president of Khazanah Europe Investment Ltd based in London, and vice president of Khazanah Turkey Regional Office based in Istanbul," said KWAP in a statement.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"Hazman has multi-sector experience in private equity and venture capital investments with a focus on strategy, investment execution, deal negotiations, and value creation planning," the fund added.</p></div>


Hazman Hilmi Sallahuddin has been named the new chief investment officer of Retirement Fund  (Incorporated) effective Monday (Jan 3).

KWAP appoints Hazman Hilmi Sallahuddin as CIO

Mudajaya Group Bhd (KL:MUDAJYA) has bagged a contract worth RM41.34 million for the construction of a 17-sorey condominium in Kuching, Sarawak.

The group said its wholly owned subsidiary, Mudajaya Corp Bhd, was awarded the contract on Friday by MJC City Development Sdn Bhd.

Mudajaya secures RM41 mil contract to build condo in Kuching

Sime Darby Bhd (KL:SIME) is rebranding itself as “Sime” to “reflect the group’s vision for the future and its renewed strategic focus as a pure-play powerhouse in the automotive and industrial equipment segments”.

Sime Darby rebrands as ‘Sime’ to reflect future vision, strategic focus in automotive

LEAP Market-listed Sunmow Holding Bhd (KL:SUNMOW) has proposed to undertake a mixed development on a 157-acre land in Pekan Kota Kinabatangan, Sabah, with an estimated gross development value of RM366 million.

Sunmow enters JV to develop 157-acre land in Sabah’s Kinabatangan district

Gold mining company Bahvest Resources Bhd (KL:BAHVEST) wants to change its name to Aumas Resources Bhd.

In a bourse filing on Friday, the Sabah-based company said the proposed new name had been approved for use by the Companies Commission of Malaysia on Nov 8, and reserved till April 7 next year for it to claim.

Bahvest Resources proposes name change to Aumas Resources

Majuperak Holdings Bhd (KL:MJPERAK) said its group chief executive officer Syed Agil Syed Hashim will be stepping down with effect from Nov 30, after holding the post for two years.

Majuperak CEO steps down after service contract ends

Kossan Rubber Industries Bhd (KL:KOSSAN) reported a 28.15% drop in its net profit for the July-September quarter, dragged by higher raw material costs and unrealised foreign exchange (forex) losses.

Kossan declares 8 sen dividend despite 3Q profit drop

Prolintas Infra Business Trust (KL:PLINTAS) said it will not face any financial losses after its subsidiary, Prolintas Expressway Sdn Bhd (GCE Co), was ordered by an arbitrator to pay RM46.13 million to Bina Puri Holdings Bhd’s (KL:BPURI) associate company KL-Kuala Selangor Expressway Bhd (Latar).

Prolintas Infra says it won't face financial loss over order to pay RM46 mil in arbitration case

An interim report on the study of the separation of powers between the Attorney General (AG) and Public Prosecutor (PP) will be presented to the Cabinet in the near future.

Communications Minister Fahmi Fadzil, who is also unity government’s spokesperson, said the government remains committed to reforming the functions of the AG, backed by empirical studies on the separation of powers between the AG and PP.

Interim report on separation of AG powers to be presented to Cabinet — Fahmi 

Alibaba Group Holding missed analysts' estimates for quarterly sales on Friday, as lingering economic uncertainty sapped consumer spending in China and weighed on the e-commerce giant's domestic business.

China's Alibaba misses quarterly revenue estimates, beats on profit

The Cabinet has congratulated Prime Minister Datuk Seri Anwar Ibrahim for being awarded Peru’s highest honour, the “El Sol del Peru”.

At a press conference here, Communications Minister Fahmi Fadzil, who is also unity government’s spokesperson, said the Cabinet expressed its congratulations during a meeting chaired by Deputy Prime Minister Datuk Seri Fadillah Yusof on Friday.

Cabinet congratulates Anwar on receiving Peru’s highest honour

<p>KUALA LUMPUR (Nov 15): A consortium led by Khazanah Nasional Bhd and Employees Provident Fund on Friday made a formal takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT) at RM11 per share, after securing relevant regulatory approvals.&nbsp;</p>


Khazanah-EPF consortium launches formal offer for MAHB after receiving nod from regulators

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

<p>KUALA LUMPUR (Nov 15): Fertiliser manufacturer Cropmate Bhd has unveiled the prospectus for its ACE Market initial public offering (IPO) to raise up to RM52 million, as part of its plan to purchase new factories and expand operations.&nbsp;</p>


Fertiliser firm Cropmate unveils prospectus for RM52 mil IPO, priced at 20 sen apiece

<p>The proposed merger between Bumi Armada Bhd (KL:ARMADA) and MISC Bhd’s (KL:MISC) offshore businesses is expected to result in MISC holding a 68% majority stake in the new entity, with a combined valuation of RM14.6 billion, according to CIMB Securities.</p>


MISC likely to hold 68% stake in Bumi Armada merger, with RM14.6b combined valuation

<p>Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), and Taylor's Education Group have collaborated to establish affordable international schools within Gamuda Land's townships.</p>


Gamuda Land partners with Taylor's Education Group to bring affordable private education to its townships

<p>MR DIY Group (M) Bhd’s (KL:MRDIY) shares fell to their lowest in three months on Friday amid weaker-than-expected third-quarter earnings, prompting analysts to cut their earnings forecasts due to weak consumer sentiment and lower spending power.</p>


MR DIY shares fall to three-month low as quarterly results miss expectations

<p>KUALA LUMPUR (Nov 15): Malaysia’s central bank on Friday liberalised foreign exchange rules to make it easier for international financial institutions to issue ringgit-denominated bonds and sukuk in the country.</p>


Malaysia eases FX rules to allow foreign financial institutions to sell ringgit bonds

<p>KUALA LUMPUR (Nov 15): Malaysia’s economic growth decelerated in the third quarter as expected though the pace remained brisk, thanks to resilient investments, higher exports and expansion in household spending.</p>


Malaysia’s economy expands a tad slower in 3Q, still on track with 2024 forecast

<p>Malaysian Prime Minister Datuk Seri Anwar Ibrahim’s government faces criticism after it awarded a tender to build the country’s second 5G network to one of the smallest players in the telecommunications industry.</p>


Anwar faces scrutiny over 5G tender pick

<p>KUALA LUMPUR (Nov 15): Shares of Berjaya Food Bhd (KL:BJFOOD) extended decline to their lowest in six weeks on Thursday, after the café-and-restaurant operator reported its fourth consecutive quarter of losses.</p>


Berjaya Food shares extend decline to six-week low after another quarterly losses

<p>Earlier this week on Monday (Nov 11), the High Court formally dismissed the civil forfeiture of shares in Bright Packaging Industry Bhd owned by businessman Datuk Ricky Wong Shee Kai, his lawyers said.</p>


High Court dismisses civil forfeiture of over 5 mil shares owned by Ricky Wong 

<p>SHAH ALAM (Nov 15): S P Setia Bhd (KL:SPSETIA) is launching semi-detached homes, named Ambrosia II, in its ongoing Setia Bayuemas township development at Klang, Selangor, this weekend. The new phase has a gross development value (GDV) of RM69.39 million.</p>


S P Setia to launch RM69.39m semidees in Setia Bayuemas, Klang this weekend

<p>Thailand is aiming to legalise casinos next year to draw foreign investments and collect more taxes, a potential win for global operators who have for long canvassing for the legislation to benefit from the country’s status as a tourism hot spot.</p>


Thailand aims to legalise casinos next year in win for global players

<p>Sime Darby Property (KL:SIMEPROP) will launch its latest condominium development named Kanopi Residences in its 6.5-acre City of Elmina township in Shah Alam on Nov 23.</p>


Sime Darby Property to launch City of Elmina’s first high-rise Kanopi Residences on Nov 23

<p>Lim Guan Eng’s undersea tunnel graft trial scheduled on Friday has been postponed as key witness Datuk Zarul Ahmad Mohd Zulkifli was down with fever and placed on medical leave.</p>


Guan Eng's Penang undersea tunnel graft trial postponed as key witness is unwell

<p>President-elect Donald Trump ruled out giving a post to JPMorgan Chase &amp; Co’s Jamie Dimon in his second-term administration in a jab at the prominent Wall Street chief executive officer.</p>


Trump says no Dimon in administration, picks Kennedy for cabinet

<p>Elon Musk is ramping up his feud with Sam Altman, alleging in a court filing that OpenAI is trying to corner the market for generative artificial intelligence and sacrificing safety in a race to get ahead.</p>


Musk escalates Altman legal feud, casting OpenAI as monopolist

<p>Gold traded little changed on Friday, but was set for its worst week in more than three years, hurt by a stronger US dollar amid expectations of fewer Federal Reserve rate cuts.</p>


Gold faces worst week in more than three years on bets of slower US Fed easing

<p>KUALA LUMPUR (Nov 15): A local egg importer company’s libel suit against former minister Datuk Seri Azmin Ali has been dismissed.&nbsp;</p>


Egg importer’s suit against Azmin Ali dismissed

<p>KIP Real Estate Investment Trust (KL:KIPREIT) has acquired a 1.15-acre, or 4,663 sq m, property in Gerik, Perak for RM14.8 million.</p>
