<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 26): Malaysian Industrial Development Finance Bhd has won central bank approval for the appointment of Khazanah veteran Charon Wardini Mokhzani as its group managing director, according to people with knowledge of the matter.</p></div>

<div class=newsTextDataWrapInner><p>* Charon, who left Khazanah in mid-May after nearly five years, is expected to join MIDF in July, the people said, asking not to be identified because the information is private</p></div>

<div class=newsTextDataWrapInner><p>* He will replace Najib Abdullah, whose contract is ending, the people said</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>* A spokeswoman for MIDF declined to comment&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>* A representative for the Malaysian central bank said it doesn’t comment on individual financial institutions</p></div>

<div class=newsTextDataWrapInner><p>* Before joining Khazanah, Charon was head of CIMB’s investment bank</p></div>

<div class=newsTextDataWrapInner><p>* MIDF, a unit of Malaysian state-owned asset manager Permodalan Nasional Bhd., offers services that include investment banking, development finance, asset management and mezzanine financing: website</p></div>


KUALA LUMPUR (May 26): Malaysian Industrial Development Finance Bhd has won central bank approval for the appointment of Khazanah veteran Charon Wardini Mokhzani as its group managing director, according to people with knowledge of the matter.

* Charon, who left Khazanah in mid-May afte...

MIDF said to win approval to name Khazanah veteran as group MD

Asean Secretary-General Dr Kao Kim Hourn has outlined three key focus areas to enhance Asean-China relations through strengthened connectivity in infrastructure, digital transformation, supply chains, and people-to-people exchanges.

In his keynote address at the Jakarta Forum on Asean-China Relations on Friday, he highlighted the critical role of sustainable infrastructure in promoting regional connectivity and trade.

Asean sec-gen highlights key areas to boost ties with China

KUALA LUMPUR (Nov 1): Axiata Group Bhd (KL:AXIATA) said its chief executive officer (CEO) of telecommunications business Dr Hans Wijayasuriya will join as chief advisor to the government of Sri Lanka, to lead the country’s digital economy agenda.

Axiata’s CEO of telco biz to join as chief advisor to Sri Lanka govt

IHH Healthcare Bhd (KL:IHH) said its indirect wholly-owned subsidiary, Pantai Holdings Sdn Bhd (PHSB), has successfully issued RM4 billion worth of Islamic bonds.

In the bourse filing, IHH said PHSB’s Islamic Commercial Papers (ICP), with a tenure of 364 days, were taken up at RM1 billion nominal value  under private placement.

IHH's unit issues Islamic bonds totalling RM4 bil

KUALA LUMPUR (Nov 1): Johor-based construction company Kimlun Corp Bhd (KL:KIMLUN) has secured a RM128.52 million contract to upgrade a portion of the Senai-Desaru Expressway, following a tender.

Kimlun secures RM128.52m contract to upgrade part of Senai-Desaru Expressway

Maxland Bhd (KL:MAXLAND), formerly known as Priceworth International Bhd, has outlined two steps to address its financial pressures following an auditor’s warning over “material uncertainty” flagged by its auditors in its latest financial statements, which may “cast significant doubt” on the Sabah-based timber firm’s ability to continue as a going concern.

Maxland in negotiations to tackle debt amid auditor's 'going concern' warning

KUALA LUMPUR (Nov 1): Oil and gas services firm Bumi Armada Bhd has secured a £50 million (about RM283 million) contract to provide a flare gas recovery system in the UK’s North Sea.

Bumi Armada clinches RM283m flare gas recovery system job in North Sea

Prime Minister Datuk Seri Anwar Ibrahim stressed that he cannot tolerate those who sow seeds of hatred among races in the country.

Describing this as the emergence of racism in Malaysia, Anwar cited examples of individuals who tried to mock the physical features of certain races, such as refusing to cooperate with those who have slanted eyes or dark skin.

Zero tolerance for those instilling racial hatred — PM

Hygiene care solutions maker RGT Bhd (KL:RGTBHD) said on Friday it is buying two leasehold industrial plots for RM16.8 million, located in Simpang Ampat, Penang, to set up dedicated assembly and production lines for new customers and to enhance its production efficiency.

RGT buys two properties for RM16.8m to expand production capacity

KUALA LUMPUR (Nov 1): Techna-X Bhd (KL:TECHNA) now has until Nov 7 to submit its outstanding annual report for the financial period ended June 30, 2024, failing which the trading of its securities will be suspended the following day.

Techna-X to be suspended if it fails to submit delayed annual report by Nov 7

Markets started what could be a momentous month warily, with shares steady and Treasury yields near four-month highs ahead of US jobs data, with volatility in British government bonds after this week's budget adding to the sense of nervousness.

Markets start big month on cautious footing as US jobs data looms

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>Gamuda Bhd (KL:GAMUDA) has secured a RM451.4 million contract to build a data centre in Cyberjaya.</p>

<p>The contract will cover the data centre’s foundational, civil, structural and architectural works, Gamuda said in an exchange filing. Works are expected to begin by December and be completed in the first quarter of 2026, the company said.</p>


Gamuda wins RM451.4m job to build data centre in Cyberjaya

<p>A US$6.4 trillion (RM28.0 trillion) foreign-exchange (forex) reserve pile in Asia is giving investors confidence that central banks have the ammunition to fight the dollar’s strength stemming from the US presidential election.</p>


A US$6 tril forex pile is Asia’s shield from resurgent dollar

<p>(Nov 1):&nbsp;Palm oil rallied for a third day to its highest level in more than two years, on strong demand amid concerns over tightening supply.</p>


Palm oil surges to two-year high on firm exports and crude rally

<p>Indonesia has prohibited the sale of the&nbsp;Pixel phones, saying Alphabet Inc’s Google has failed to meet domestic content requirements.</p>

<p>It’s illegal to trade Google Pixel phones in Indonesia, even though an estimated 22,000 units have already entered the country this year through personal shipments or carry-on items, Ministry of Industry spokesperson Febri Hendri Antoni Arief said in a Thursday press briefing.</p>


After iPhone 16, Indonesia halts sale of Google Pixel phones

<p>Sunway Construction Group Bhd&nbsp;(KL:SUNCON) shares may have limited further upside&nbsp;following their recent rally, even as the company’s pipeline of contracts appears robust, analysts said.</p>


Sunway Construction shares may have limited further upside, as recent job wins priced in

<p>Deleum Bhd (KL:DELEUM) has appointed former Petronas director Ainul Azhar Ainul Jamal to the integrated upstream oil and gas outfit’s board.</p>


Former Petronas director Ainul Azhar joins Deleum board

<p>Shares of British American Tobacco (Malaysia) Bhd (KL:BAT) rose on Friday and may be headed for their best day in over five months, after the cigarette company reported better-than-expected quarterly results.</p>


BAT Malaysia shares rise after 3Q earnings beat expectations

<p>Malaysia's manufacturing sector conditions remained soft in October, as firms scaled back production amid muted demand, S&amp;P Global said on Friday.</p>


Malaysia's manufacturing activity still soft in October amid muted demand, PMI data show

<p>Tropicana Corp Bhd (KL:TROP) broke ground for the RM34 billion, 163-acre Lido Waterfront Boulevard integrated mixed-use development on Wednesday (Oct 30) with the construction of the Skypark Kepler luxury serviced apartment, the project's first phase.</p>


Tropicana Corp breaks ground for 163-acre Lido Waterfront Boulevard in Johor Bahru

<p>Markets started what could be a momentous month warily, with shares steady and Treasury yields near four-month highs ahead of US jobs data, with volatility in British government bonds after this week's budget adding to the sense of nervousness.</p>


<p>KUALA LUMPUR (Nov 1): Malaysian banks’ loans and deposits growth may ease when they report their third-quarter results, RHB Investment Bank (RHB IB) flagged but nevertheless, tells investors to stay positive.</p>


Malaysian bank loans, deposits growth may ease in 3Q but RHB stays positive

<p>Apple Inc, heading into its most critical sales period of the year, sparked fresh concerns about revenue growth and lingering weakness in an intensely competitive China market.</p>


Apple disappoints investors with tepid forecast, China weakness

<p>Chinese President Xi Jinping highlighted pressures facing China’s employment market in a newly published speech that painted a turbulent time for the world’s No&nbsp;2 economy, as officials try to arrest a growth slowdown.</p>


Xi highlights China's employment woes in speech published before US vote

<p>SINGAPORE (Nov 1): Oil prices extended gains on Friday, climbing more than US$1 (RM4.37) a barrel (bbl) to pare weekly losses, as geopolitical tensions in the Middle East rose following reports that Iran was preparing a retaliatory strike on Israel from Iraq in the coming days.</p>


Oil climbs more than US$1/bbl on reports Iran preparing to strike at Israel

<p>Nomura Holdings Inc’s profit rose more than analysts expected last quarter, buoyed by strong results across its businesses, including wealth management, trading and investment banking.&nbsp;</p>


Japan's Nomura profit beats estimates as outlook clouded by scandals

<p>Singapore’s government ramped up criticism of Lee Hsien Yang, who was recently granted asylum in the UK, accusing him of seeking to tarnish the city state with an “international smear campaign”.</p>


Singapore slams ‘smear campaign’ from ex-PM Lee’s brother

<p>Parkwood Holdings Bhd (KL:PARKWD), via its wholly owned subsidiary Parkwood Templers Sdn Bhd, has acquired five parcels of freehold land in Rawang, totalling 32.3 acres (13.1ha), for RM30.9 million.</p>


Parkwood buys 32-acre land in Rawang for landed residential development

<p>YNH Property Bhd's (KL:YNHPROP) external auditor has cast doubt on the property developer’s financial statements for the year ended June 30, 2024 (FY2024), citing insufficient evidence for certain ventures and contracts.</p>


YNH Property's external auditor casts doubt on FY2024 accounts

<p>Boeing Co&nbsp;and union leaders representing 33,000 striking workers reached a tentative agreement to end a lengthy labour dispute that’s crippling the company’s commercial airplane manufacturing.</p>
