<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 1): Former Bloomberg TV Malaysia chief executive officer (CEO) Michael Chan has been appointed the new CEO of MYTV Broadcasting Sdn Bhd, effective today.</p></div>

<div class=newsTextDataWrapInner><p>In a statement today, MYTV said 47-year-old Chan will be taking over from Datuk Hasnul Hassan, whose tenure ended yesterday.</p></div>

<div class=newsTextDataWrapInner><p>Chan has 20 years of experience in the broadcasting and telecommunications industry and has held key positions in the areas of marketing and management, said MYTV.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>&quot;In a previous role at Maxis, he successfully launched several high profile sports marketing events by working closely with FIFA for the World Cup and FAPL for the Barclays Premier League.</p></div>

<div class=newsTextDataWrapInner><p>&quot;He has also managed key local, regional and global alliances and partnerships with international conglomerates including Apple, Motorola and Microsoft,&quot; it added.</p></div>

<div class=newsTextDataWrapInner><p>MYTV was appointed by the Malaysia government to develop and operate the infrastructure and network facilities for Digital Terrestrial Television (DTT) services in order to migrate the national broadcasting system from analogue to digital by 2018.</p></div>

<div class=newsTextDataWrapInner><p>Currently, MYTV's DTT covers around 80% of the country's populated areas and will increase to 98% by 2018.</p></div>

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KUALA LUMPUR (Feb 1): Former Bloomberg TV Malaysia chief executive officer (CEO) Michael Chan has been appointed the new CEO of MYTV Broadcasting Sdn Bhd, effective today.

In a statement today, MYTV said 47-year-old Chan will be taking over from Datuk Hasnul Hassan, whose tenure ended y...

MYTV names ex-Bloomberg TV M'sia CEO Michael Chan as new chief

Tech and growth stocks dragged Wall Street's main indexes lower on Friday, at the end of an upbeat holiday-shortened week driven by expectations around a traditionally strong period for markets.

Wall Street falls as strong holiday-shortened week nears close

SCGM Bhd's (KL:SCGM) substantial shareholders are to inject their agriculture-related business into the cash company in return for RM207.94 million worth of shares as part of the company's regularisation plan.

SCGM formalises injection of agriculture business, proposes 25 sen special dividend 

Here is a brief recap of the business news and corporate announcements that made the headlines on Friday.

ViTrox, Kim Loong Resources, Crescendo, JcbNext, OCB, Paragon Globe, Tropicana, Asia Poly, Nova MSC, PUC, SCGM

A mystery seller is asking US$200 million (RM893.43 million) for an empty waterfront lot next door to the properties Jeff Bezos bought in South Florida.

The roughly 1.84 acre lot (0.74 hectare) is located at Indian Creek, a man-made barrier island that’s been dubbed “Billionaire Bunker.” Ilya Reznik, who’s brokering the transaction, declined to identify the seller but said they are “willing to negotiate” on price.

Bezos’ Miami neighbour seeking US$200 mil for empty lot

Brazil’s annual inflation unexpectedly slowed in early December as energy costs dropped, giving central bankers limited relief as they pledge two more jumbo interest rate hikes by March.

Official data released on Friday showed consumer prices rose 4.71% from a year earlier, below the 4.83% median estimate in a Bloomberg survey of economists and the prior reading of 4.77%.

Brazil’s annual inflation unexpectedly slows, giving central bank limited respite

Vietnamese Prime Minister Pham Minh Chinh instructed the investment ministry and other authorities to work on development scenarios and measures that will enable the country to attain “double-digit” growth in gross domestic product next year.

Vietnam PM seeks steps for double-digit GDP growth next year

Shell has shut down one of its oil processing units at the Shell Energy and Chemicals Park on Singapore’s Pulau Bukom to facilitate an investigation into a suspected leak in the system.

Shell shuts down oil processing unit at Singapore's Pulau Bukom to probe leak

A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman of Russia's Security Council, that it refused to rescue sailors from a sinking Russian cargo ship in the Mediterranean Sea.

Norwegian shipping firm denies Moscow's claim it refused to help sinking Russian ship

OpenAI, founded a decade ago as a research organisation, is considering a change to the AI company’s structure that would create a more conventional money-making corporation alongside a non-profit arm.

OpenAI mulls plan for more conventional for-profit business 

Over 330 initial public offerings (IPOs), US$20 billion (RM89.34 billion) of proceeds and more than US$160 billion addition in country’s market value, sums up a bumper year for India that is set to further strengthen its position among top global destinations for capital raising.

Roaring debuts cap a bumper year for IPOs in India

<p>Here is a brief recap of the business news and corporate announcements that made the headlines on Friday.</p>


<p>The LED Fantasy Light Carnival held at the Bukit Gambir Multipurpose Hall has been ordered to cease immediately and has been fully shut down.</p>

<p>The Tangkak District Council (MDT), through a post on its Facebook page, announced that an investigation found the organisers had failed to comply with the conditions for holding the carnival, particularly in terms of its sensitivity to the local community.</p>


Tangkak LED Fantasy Light Carnival shut down over Chinese flag on rocket

<p>SCGM Bhd's (KL:SCGM) substantial shareholders are to inject their agriculture-related business into the cash company in return for RM207.94 million worth of shares as part of the company's regularisation plan.</p>


<p>Chinese national Huang YongKang has emerged as Asia Poly Holdings Bhd's (KL:ASIAPLY) second biggest shareholder after taking up the entire 95.85 million shares issued under a private placement.&nbsp;</p>

<p>The shares represent a 9.09% stake in the Klang-based cast acrylic sheets manufacturer.</p>


Asia Poly sees emergence of new substantial shareholder

<p>Here’s a quick look at some of the stories that made headlines today.</p>


EVENING 5: Five things you need to know today

<p>Tech and growth stocks dragged Wall Street's main indexes lower on Friday, at the end of an upbeat holiday-shortened week driven by expectations around a traditionally strong period for markets.</p>


<p>A mystery seller is asking US$200 million (RM893.43 million) for an empty waterfront lot next door to the properties Jeff Bezos bought in South Florida.</p>

<p>The roughly 1.84 acre lot (0.74 hectare) is located at Indian Creek, a man-made barrier island that’s been dubbed “Billionaire Bunker.” Ilya Reznik, who’s brokering the transaction, declined to identify the seller but said they are “willing to negotiate” on price.</p>


<p>Shell has shut down one of its oil processing units at the Shell Energy and Chemicals Park on Singapore’s Pulau Bukom to facilitate an investigation into a suspected leak in the system.</p>


<p>European natural gas advanced after Russian President Vladimir Putin cast further doubt on the likelihood of a deal to maintain flows to Europe via Ukraine.</p>

<p>Benchmark futures jumped as much as 5% on Friday, the most in a week. Putin said on Thursday it would be impossible to arrange a new transit contract before year’s end, when the current agreement expires.</p>


European gas jumps as Putin doubts new transit deal can be made

<p>One week after the Dec 4 murder of UnitedHealth Group Inc executive Brian Thompson, Americans were able to bet on the fate of his alleged killer. Some people, including financial regulators, may have a problem with that.</p>


Bets on fate of UnitedHealth CEO murder suspect test rules on event contracts

<p>A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman of Russia's Security Council, that it refused to rescue sailors from a sinking Russian cargo ship in the Mediterranean Sea.</p>


<p>Vietnamese Prime Minister Pham Minh Chinh instructed the investment ministry and other authorities to work on development scenarios and measures that will enable the country to attain “double-digit” growth in gross domestic product next year.</p>


<p>San Francisco is projecting a US$876 million (RM3.9 billion) budget shortfall over the next two fiscal years, prompting Mayor London Breed to instruct city departments to plan for 15% across-the-board spending cuts.</p>


San Francisco expects US$876m budget gap, warns of cuts

<p>Brazil’s annual inflation unexpectedly slowed in early December as energy costs dropped, giving central bankers limited relief as they pledge two more jumbo interest rate hikes by March.</p>

<p>Official data released on Friday showed consumer prices rose 4.71% from a year earlier, below the 4.83% median estimate in a <em>Bloomberg </em>survey of economists and the prior reading of 4.77%.</p>


<p>OpenAI, founded a decade ago as a research organisation, is considering a change to the AI company’s structure that would create a more conventional money-making corporation alongside a non-profit arm.</p>


<p>Over 330 initial public offerings (IPOs), US$20 billion (RM89.34 billion) of proceeds and more than US$160 billion addition in country’s market value, sums up a bumper year for India that is set to further strengthen its position among top global destinations for capital raising.</p>
