<div class="mt-3 embed-right imgw-220"><img alt="" src="//assets.theedgemarkets.com/pictures/Yang-Berbahagia-Tan-Sri-Datuk-Seri-Dr-Ali-Hamsa_ms.wikipedia.org.jpg" />
<div class="thumb-cap">Tan Sri Dr Ali Hamsa (Photo credit: ms.wikipedia.org)</div>
</div>

<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 1): Former Chief Secretary to the Government,&nbsp;Tan Sri Dr Ali Hamsa&nbsp;has been appointed as the BCB Bhd new chairman, effective today (Sept 1).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The Johor Bahru-based property developer said in a Bursa Malaysia filing today that Ali Hamsa also holds directorship in several companies, including KPJ Healthcare Bhd, YB Ventures Bhd, G Capital Bhd, Kulim (Malaysia) Bhd and NCB Holdings Bhd.</p></div>

<div class=newsTextDataWrapInner><p>He served as chief secretary to the government from June 24, 2012 till Aug 28, 2018.</p></div>

<div class=newsTextDataWrapInner><p>Shares in BCB closed unchanged at 26 sen today, valuing the group at RM107.25 million. Year to date, the stock has retreated 27.78%.&nbsp;<br />
&nbsp;</p></div>


KUALA LUMPUR (Sept 1): Former Chief Secretary to the Government, Tan Sri Dr Ali Hamsa has been appointed as the BCB Bhd new chairman, effective today (Sept 1).

Property developer BCB appoints ex-chief secretary to govt Ali Hamsa as new chairman

The resilience of the US economy amid aggressive monetary policy tightening has caught many observers and economists off guard. This unexpected strength, compounded by the sticky inflation in the US, presents a conundrum for policymakers around the world, who must grapple with the prospects of prolonged elevated interest rates in the US.

ECONtemplation: Resilience of US economy poses monetary policy dilemma for emerging markets in Asia

Four years after the pandemic, work flexibility continues to be a hot topic among Malaysian talent. According to Randstad’s 2024 Workmonitor Research, one in two respondents said that their employers had reintroduced compulsory five-day office work policies.

Employers want employees back in the office but employees want work flexibility

Sin-Kung Logistics Bhd (KL: SINKUNG), which made a flat debut on the ACE Market of Bursa Malaysia on Wednesday, plans to double its warehouse capacity with a new Perak warehouse, catering to the electrical and electronics (E&E) industry in the northern region of Peninsular Malaysia.

Sin-Kung to see double capacity upon completion of new warehouse in Penang

SINGAPORE/JAKARTA (May 15): In few countries is the transfer of power as meticulously planned as in Singapore, which has had just three prime ministers from the same party in nearly 60 years. But as Lawrence Wong becomes the fourth on Wednesday, the challenges facing the financial hub are growing.

Singapore confronts rising risks as Lawrence Wong takes helm

PHILIP Morris International (PMI), one of the biggest tobacco companies in the world, has been seeing robust demand for its heated tobacco products (HTPs), first launched 10 years ago in Japan, where there has been a significant decline in cigarette sales following the introduction of IQOS — its ...

Philip Morris aims to replicate its Japan success with IQOS in Malaysia

KUALA LUMPUR (May 15): The Employees Provident Fund (EPF) and Khazanah Nasional Bhd will form a consortium to take Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) private, according to sources.

EPF, Khazanah to take MAHB private together with Abu Dhabi, GIP — sources

AMMB Holdings Bhd (KL:AMBANK), Malaysia’s sixth-largest banking group by assets, is expected to report a 9.8% growth in net profit when it releases its fourth-quarter results this month, RHB Investment Bank said.

AMMB to report 7% full-year net profit growth, higher dividend — RHB IB    

The US International Trade Commission (USITC) has determined that there is a reasonable indication that an industry in the US is threatened by reason of imports of boltless steel shelving units prepackaged for sale from Malaysia, Taiwan, Thailand and Vietnam.

US investigating sale of boltless steel shelving units from Malaysia, other countries

BEIJING/SINGAPORE (May 15): Chinese smartphone maker Xiaomi has become the country's eighth largest electric vehicle (EV) upstart after selling more than 7,000 units of its first model, the SU7 sedan, in April, according to industry data.

Xiaomi becomes eighth largest EV upstart in China after successful SU7 launch

BENGALURU (May 15): Asian currencies eked out modest gains on Wednesday, while stocks were mixed, as investors braced for a key US inflation reading that will likely influence the Federal Reserve's policy path in the near term.

Asian FX log modest gains, stocks mixed ahead of US inflation data

<p>Malaysian rubber glove manufacturers, which have suffered from lower average selling prices caused by intensive competition, may be able to export more to the US as its president Joe Biden raises the tariffs on rubber medical and surgical gloves from 7.5% to 25% in 2026, among others.&nbsp;</p>


US tariff hike on Chinese products may augur well for Malaysian glovemakers 

<p>Shares of Malaysian glove manufacturers surged on Wednesday after the US raised tariffs on Chinese rubber medical and surgical gloves to 25% from 7.5%.</p>


Top Glove surges 20%, other glove stocks also soar on higher US tariffs on Chinese gloves

<p>KUALA LUMPUR (May 15): The Employees Provident Fund (EPF) and Khazanah Nasional Bhd will form a consortium to take Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) private, according to sources.</p>


<p>Mah Sing Group Bhd (KL:MAHSING) and OSK Holdings Bhd (KL:OSK) have been included in the MSCI Malaysia Small Cap Index, while Astro Malaysia Holdings Bhd (KL:ASTRO), Magnum Bhd (KL:MAGNUM) and TSH Resources Bhd (KL:TSH) have been removed from the index, effective May 31.</p>


Mah Sing and OSK Holdings in, Astro, Magnum and TSH out of MSCI Malaysia Small Cap Index

<p>Trading in the securities of Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, whose share price rose to a high of RM10.44 on Monday (May 13), was suspended from 9am to 5pm on Wednesday pending a material announcement.</p>


Trading in MAHB securities halted, announcement may be on privatisation

<p>GIIB Holdings Bhd's (KL:GIIB) former chief executive officer Tai Boon Wee claimed trial to one count of forgery for passing off the rubber compound manufacturer's 2023 interim third quarter financial report as genuine.</p>


GIIB's ex-CEO Tai Boon Wee charged with forgery

<p>Sin-Kung Logistics Bhd (KL:SINKUNG) made a flat debut on the ACE Market of Bursa Malaysia at 13 sen on Wednesday.</p>


Sin-Kung debuts flat at 13 sen

<p>The Nasdaq scored a record closing high on Tuesday and the S&amp;P 500 and the Dow also advanced as Federal Reserve (Fed) Chair Jerome Powell reassured investors while they digested Tuesday's data and waited for Wednesday's crucial consumer inflation report.</p>


Nasdaq hits record close after Powell reassures investors, CPI in focus

<p>KUALA LUMPUR (May 15): The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>

<p>In an alert on Tuesday, the commission said the following persons/entities were added to the list:</p>

<ul>
	<li>Potential clone entity — Aswa Advisory</li>
	<li>Potential clone enti...

SC adds three potential clones to Investor Alert List

<p>RHB Retail Research said Ahmad Zaki Resources Bhd (KL:AZRB) is eyeing a technical breakout after testing the 25 sen level for the past week, while remaining above the ascending 21-day simple moving average (SMA) line.</p>


AZRB is eyeing a technical breakout, says RHB Retail Research 

<p>Shares of Heineken Malaysia Bhd (KL:HEIM) rose to their highest in three months after the Dutch brewer's locally listed unit reported an 11% gain in first-quarter net profit.</p>


Heineken Malaysia rises to three-month high following 1Q results

<p>Asian stocks rose on Wednesday while the dollar drifted lower as traders weighed mixed US producer price data and braced for the crucial consumer price report later in the day that is likely to influence the Federal Reserve's (Fed) near-term policy path.</p>


Stocks rise, dollar drifts ahead of US inflation report

<p>（吉隆坡15日讯）在美国宣布将中国橡胶医用和外科手套的关税税率从7.5%，提高至25%后，马来西亚手套股应声上涨。</p>


美国对中国手套加征关税 大马手套股应声涨

<p>RHB Retail Research said Avaland Bhd (KL:AVALAND) is set to propel upwards further after undergoing a technical breakout above the 36.5 sen resistance level on Tuesday, on a surge in trading volume.</p>


Avaland set to propel upwards further, says RHB Retail Research 

<p>Russian President Vladimir Putin is heading to China for the first foreign visit of his new term, underlining the vital importance of the relationship as Beijing faces growing US pressure to curtail support that’s helping Moscow continue its war in Ukraine.</p>


Putin visits Xi as US threatens China sanctions over ties

<p>PUTRAJAYA (May 15): Muar Member of Parliament (MP) Syed Saddiq Abdul Rahman has been granted temporary access to his passport by the Court of Appeal here on Wednesday,&nbsp;to enable him to go&nbsp;to Singapore and Taiwan.</p>


Syed Saddiq gets temporary release of passport to go Singapore, Taiwan

<p>(May 15): US household debt has reached a record and more borrowers are struggling to keep up.</p>

<p>Overall US household debt rose to $17.7 trillion, according to the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit released Tuesday. That’s an increase of $184...

Overdue bills are rising with US debt delinquencies, Fed survey shows

<p>NEW DELHI (May 15): India imported 285,829 tonnes of palm oil from Malaysia in April this year, accounting for 21.6% of the country's total vegetable oil imports for the month.</p>


India imported 285,829 tonnes of palm oil from Malaysia in April 2024

<p>AMMB Holdings Bhd (KL:AMBANK), Malaysia’s sixth-largest banking group by assets, is expected to report a 9.8% growth in net profit when it releases its fourth-quarter results this month, RHB Investment Bank said.</p>


<p>The US International Trade Commission (USITC) has determined that there is a reasonable indication that an industry in the US is threatened by reason of imports of boltless steel shelving units prepackaged for sale from Malaysia, Taiwan, Thailand and Vietnam.</p>
