<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 4): Former Yayasan Peneraju Pendidikan Bumiputera CEO Raja Azura Raja Mahayuddin has been appointed as an independent and non-executive director of Ireka Corp Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Raja Azura, 49, brings with her over 20 years of experience in the field of human capital, audit and nation building, said Ireka in a filing with Bursa Malaysia.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>She had previously served Malaysia Airlines as chief internal auditor, as well as executive vice president for human capital.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>She had also worked at Khazanah Nasional Bhd as senior vice president for strategic human capital management, and at Arthur Andersen &amp; Co as assistant manager of the services division.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Raja Azura holds a master of business administration degree from Heriot Watt University and a bachelors degree in accounting from Universiti Utara Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Ireka settled unchanged at 76 sen on Tuesday (Jan 4), giving the group a market capitalisation of RM173.12 million.</p></div>


KUALA LUMPUR (Jan 4): Former Yayasan Peneraju Pendidikan Bumiputera CEO Raja Azura Raja Mahayuddin has been appointed as an independent and non-executive director of Ireka Corp Bhd.

Raja Azura appointed as director of Ireka Corp

The Malaysian Anti-Corruption Commission (MACC) in Terengganu has remanded an executive officer of a government-linked company (GLC) on suspicion of abusing her position to support the appointment of her husband's company in obtaining a RM1.4 million labour supply contract.

MACC remands GLC executive officer to investigate appointment of husband's firm for labour supply contract

ARTIFICIAL intelligence (AI), the cloud and data centres are booming now but VSTECS Bhd (KL:VSTECS) has been laying the groundwork for years with its global principals — which are involved in these businesses — to bring their products and solutions to the Malaysian market.

VSTECS execut...

VSTECS sees growth momentum on all fronts

(Sept 10): DBS Group Holdings Ltd is considering forming insurance partnerships in India and Taiwan to expand its services in the region, according to people familiar with the matter.

DBS said to tap Goldman Sachs to help find insurance partners in India, Taiwan

UK pay growth cooled to a two-year low in the three months through July, another step down in wage pressures that keeps the Bank of England on track to cut interest rates again this year.

UK pay growth slows to two-year low, keeping BOE on easing path

(Sept 10): Singapore will continue to monitor the private and public housing resale markets closely, following its latest round of cooling measures in August to boost the affordability of public flats.

Singapore will ‘act decisively’ on more housing curbs if needed, says ministry

(Sept 10): Genesis Alternative Ventures, a private lender to ventures and growth-stage companies, closed its second debt fund at the lower end of its target, as global investors remain cautious about Southeast Asia’s start-up industry.

Singaporean venture capital Genesis raises start-up debt fund amid depressed valuations

Taiwan Semiconductor Manufacturing Co’s revenue rose 33% last month, in a positive signal to investors betting on a smartphone market recovery and sustained demand for Nvidia Corp’s AI chips.

TSMC’s August revenue climbs 33% as AI chip demand holds up

Brokers Digest: Local Equities - AirAsia X Bhd, Power Root Bhd, KPJ Healthcare Bhd, MBM Resources Bhd

The platinum market is expected to see its biggest annual deficit in at least a decade but prices have so far been slow to react, according to an industry report.

Platinum set for record deficit but prices yet to recover

Notable filings

Between Aug 19 and 23, notable shareholder changes at Bursa Malaysia-listed companies included those at renewable energy services provider Cypark Resources Bhd (KL:CYPARK), which saw businessman Chung Chee Yang upping his stake in the company after acq...

Insider Moves: Cypark Resources Bhd, OCR Group Bhd, Siab Holdings Bhd, S P Setia Bhd, Sime Darby Property Bhd

<p>KUALA LUMPUR (Sept 10): A consortium comprising private equity (PE) firm KV Asia Capital Pte Ltd, Kumpulan Wang Persaraan (KWAP), and Indonesia’s Kapal Api Group has invested RM250 million into ZUS Coffee’s operator to support its global expansion.</p>


KWAP, Kapal Api, KV Asia Capital invest RM250m in ZUS Coffee, confirms The Edge report

<p>KUALA LUMPUR (Sept 10): Blogger Raja Petra Kamarudin died on Monday night in the United Kingdom&nbsp;at the age of 74.</p>


Blogger Raja Petra, who ran Malaysia Today website, passes away at 74 in UK

<p>Malaysia’s resilient economy and contained price pressures should allow it to keep interest rates unchanged for the rest of the year, even as global central banks pivot towards easing, according to Bank Negara Malaysia’s (BNM) deputy governor.</p>


BNM deputy governor sees OPR at 3%, growth at 5% in 2024

<p>A renewed wave of dip buying spurred a rebound in stocks after a selloff triggered by economic concerns, with traders now looking to this week’s inflation data for clues on the size of Federal Reserve (Fed) rate cuts.</p>


Stocks rise as buyers scoop up bargains after rout

<p>The biggest US banks would face a 9% increase in capital requirements — a dramatic retreat from the original plan — after regulators agreed to sweeping changes to a proposed package of rules, according to people familiar with the matter.&nbsp;</p>


Biggest US banks’ capital hike chopped in half in latest plan by regulators

<p>The Federal Court has denied leave for <em>Sarawak Report </em>editor Clare Rewcastle-Brown to appeal the verdict against her in Terengganu Sultanah Nur Zahirah's defamation action involving a book about the multibillion-dollar 1Malaysia Development Bhd (1MDB) scandal.</p>


S'wak Report editor denied leave to appeal, must pay Terengganu Sultanah RM300k for defamation in 1MDB book

<p>KUALA LUMPUR (Sept 10): Press Metal Aluminium Holdings Bhd (KL:PMETAL) said a fire incident occurred at its phase 3 smelter in the Samalaju Industrial Park on Monday (Sept 9) night.&nbsp;</p>


Press Metal says 3% of smelting capacity affected by fire incident

<p>SHENZHEN, China/SEOUL (Sept 10): China's Huawei Technologies unveils a three-way foldable phone on Tuesday, as it seeks to widen its lead over Apple in the world's biggest smartphone market, with a new form factor that has gained popularity in the China market.</p>


Huawei teases tri-fold smartphone, raising competition with Apple in China

<p>KUALA LUMPUR (Sept 10): Consumer stocks are expected to post softer quarter-on-quarter (q-o-q) results in 3Q2024, as weak consumer sentiment seen in 2Q2024 is expected to persist, said CIMB Securities.</p>


Softer 3Q for consumer stocks as weak 2Q sentiment to persist, says CIMB Securities

<p>RHB Research downgraded the Malaysian transportation sector from ‘overweight’ to a ‘neutral’ call, as key players Malaysia Airports Holdings Bhd (KL:AIRPORT) and Westports Holdings Bhd (KL:WPRTS) hit fair valuations, signalling limited upside.</p>


RHB downgrades Malaysian transportation sector to 'neutral'

<p>Asian stocks reversed early losses to rise marginally on&nbsp;Tuesday, following Wall Street's overnight rally, though concerns about a still-struggling Chinese economy&nbsp;kept sentiment in check.</p>


Asian shares rise with focus on US inflation test, Fed meet

<p>KUALA LUMPUR (Sept 10): Prime Minister Datuk Seri Anwar Ibrahim said on Tuesday that the Malaysian government is willing to learn and adapt from China to foster a conducive environment to strengthen investment in the country.</p>


Anwar: Malaysia open to learn from China on fostering investments

<p>The manufacturing sector’s&nbsp;sales value reached RM157.1 billion in July 2024, registering a 9.1% jump year-on-year (y-o-y) and marking the highest growth since February 2023, said the Department of Statistics Malaysia (DOSM).</p>


Manufacturing sector's sales value hit RM157b in July, highest growth since February 2023 — DOSM

<p>The Malaysia Competition Commission (MyCC) has issued a proposed decision against three companies for alleged bid rigging in six tenders issued by Perbadanan Putrajaya (PPJ) for maintenance works, valued at approximately RM45 million.</p>


Three companies face fine for bid rigging in RM45m PPJ tenders — MyCC

<p>The prosecution in Toh Puan Na’imah Abdul Khalid’s asset non-declaration case has indicated at the Court of Appeal on Tuesday that it is objecting to her appeal asking for the court to release her passport unconditionally.</p>


Prosecution to object to appeal by Daim's wife to release her passport unconditionally

<p>Hong Kong-based airport lounge operator Plaza Premium Group (PPG), owned by its Malaysian founder and chief executive officer Song Hoi-See, has put in place the <span>next-generation of family </span>leaders on its path to continued expansion.</p>


Plaza Premium Group sets the stage for the next generation

<p>The 1Malaysia Development Bhd (1MDB)-Tanore proceedings have been postponed for two days, as former prime minister Datuk Seri Najib Razak has been hospitalised due to acute knee inflammation.&nbsp;</p>


1MDB-Tanore trial vacated as Najib hospitalised over knee condition

<p>Alibaba Group Holding Ltd’s stock rose in Hong Kong after it was made directly accessible to investors in mainland China for the first time.</p>

<p>Shares of the e-commerce company were added to the Stock Connect program that links the Shanghai and Shenzhen bourses to the Hong Kong exchange starting from Tuesday. The stock gained as much as 5.2%, the most since Aug&nbsp;16, with volume already more than double the three-month full-day average as of 10.20am.</p>


Alibaba rises in Hong Kong after stock made directly accessible to mainland investors

<p>China hawks in the US House overcame a last-ditch lobbying effort and passed legislation on Monday night that would blacklist Chinese biotech companies and their US subsidiaries.</p>

<p>The bill, approved by a vote of 306 to 81, now goes to the Senate.</p>


US House passes bill to blacklist some Chinese biotech firms

<p>China’s exports unexpectedly accelerated in August, reaching their highest value in nearly two years and providing a rare boost to an economy weighed down by deflationary pressures.</p>
