<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on August 2, 2017 - August 8, 2017</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Alliance Islamic Bank Bhd (AIS) has appointed its deputy chief executive officer (CEO), Rizal IL-Ehzan Fadil Azim, as its new CEO, effective immediately.</p></div>

<div class=newsTextDataWrapInner><p>Rizal takes over the helm of AIS from Fozia Amanulla, who will assume the role of Alliance Bank Malaysia Bhd’s chief business development officer for the strategic business development division.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“In his new appointment, Rizal will position AIS for its next phase of growth, and bring the bank forward in the Islamic banking industry,” said AIS in a statement yesterday.</p></div>

<div class=newsTextDataWrapInner><p>Rizal first joined AIS in November 2012 as senior vice president of strategy and business performance, before being promoted to deputy CEO last year. He has over 22 years of experience in banking and business advisory.</p></div>

<div class=newsTextDataWrapInner><p>He holds a Bachelor of Science (honours) degree from the University of Warwick, the UK.</p></div>


KUALA LUMPUR: Alliance Islamic Bank Bhd (AIS) has appointed its deputy chief executive officer (CEO), Rizal IL-Ehzan Fadil Azim, as its new CEO, effective immediately.

Rizal takes over the helm of AIS from Fozia Amanulla, who will assume the role of Alliance Bank Malaysia Bhd’s chief bu...

Rizal IL-Ehzan Fadil Azim is new CEO of Alliance Islamic Bank

Copper and silver futures in New York are surging above rival international price benchmarks as traders ramp up bets that Donald Trump will impose hefty import tariffs on the metals as part of a broader escalation of his global trade war.

Tariff fears spark disconnect in silver and copper markets

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Malaysia’s benchmark FBM KLCI registered a strong 12.58% gain in 2024 — marking its best performance in 14 years — as the country saw a sharp recovery in investor sentiment after a prolonged period of political uncertainties, lifted by strong investment activity and trade activities.

2025 outlook: The key sectors to watch

Asian equities were poised for a muted open on Friday as treasuries stemmed a selloff ahead of US jobs data that will help shape the outlook for Federal Reserve rates.

Futures for Australian shares rose, while those for Japan and Hong Kong were little changed. S&P 500 contracts edged lower Thursday as US trading was closed to observe a national day of mourning for former President Jimmy Carter.

Asian stocks set for muted open ahead of US jobs

The world’s biggest bond market halted a selloff that roiled trading around the globe, with investors gearing up for jobs data that will help shape the outlook for Federal Reserve rates.

Treasuries stabilized after a rout that drove 30-year yields to the highest since 2023.

Bond traders see jobs testing hawkish Fed pricing

Several Federal Reserve officials confirmed Thursday the US central bank will likely hold interest rates at current levels for an extended period, only cutting again when inflation meaningfully cools. 

Boston Fed President Susan Collins said Thursday a slower approach to adjusting interest rates is merited now as officials confront “considerable uncertainty” over the US economic outlook.

Fed officials signal interest rates likely on hold for a while

Money manager Mario Gabelli is asking a judge to make the film and TV company Paramount Global hand over files about its merger with Skydance Media so investors can tell what controlling stockholder Shari Redstone is getting in the deal and whether it’s fair.

Gabelli pushes Paramount for files in fight over Skydance deal

Carzo Holdings Bhd, a fruit supplier listed on the LEAP Market, said its wholly-owned subsidiary Carzo Import (M) Sdn Bhd and its director have been sued by a China-based supplier over an outstanding payment of US$117,470.50 for fruits supplied to Carzo Import.

Fruit supplier Carzo sued by China-based supplier over unsettled debt

Global air cargo markets saw robust growth in demand in November 2024, with cargo tonne-kilometres surging by 8.2% compared to a year earlier, according to the International Air Transport Association (IATA).

This marked the 16th consecutive month of growth, it said in a statement on Thursday.

Global air cargo and passenger demand up by over 8% in November — IATA

New York's top court rejected on Thursday US President-elect Donald Trump's request to halt his sentencing for his conviction on criminal charges stemming from hush money paid to a porn star, court papers showed.

New York's top court denies Trump's bid to halt sentencing

<p>Here is a brief recap of some corporate announcements that made the news on Thursday.</p>


Public Bank, LPI Capital, Dialog, Yinson, T7 Global, Hibiscus Petroleum, NPC Resources, MPHB Capital, Pos Malaysia, SMI

<p>Malaysia’s benchmark FBM KLCI registered a strong 12.58% gain in 2024 — marking its best performance in 14 years — as the country saw a sharp recovery in investor sentiment after a prolonged period of political uncertainties, lifted by strong investment activity and trade activities.</p>


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<p>Carzo Holdings Bhd, a fruit supplier listed on the LEAP Market, said its wholly-owned subsidiary Carzo Import (M) Sdn Bhd and its director have been sued by a China-based supplier over an outstanding payment of US$117,470.50 for fruits supplied to Carzo Import.</p>


<p>Senior political secretary to the Prime Minister Datuk Seri Shamsul Iskandar Mohd Akin has urged all parties to stop politicising the issue of an additional document regarding Datuk Seri Najib Razak’s purported house arrest.</p>


Shamsul Iskandar urges all parties not to politicise issue of additional document

<p>Asian equities were poised for a muted open on Friday as treasuries stemmed a selloff ahead of US jobs data that will help shape the outlook for Federal Reserve rates.</p>

<p>Futures for Australian shares rose, while those for Japan and Hong Kong were little changed. S&amp;P 500 contracts edged lower Thursday as US trading was closed to observe a national day of mourning for former President Jimmy Carter.&nbsp;</p>


<p>Malaysia’s Asean chairmanship 2025 theme, “Inclusivity and Sustainability” aptly reflects the region’s collective commitment to shaping an equitable and resilient future, in line with current global trends and the aspirations of its people, said Asean secretary-general Dr Kao Kim Hourn.</p>


Malaysia sets the stage for a resilient Asean with 2025 chairmanship theme: Asean sec-gen

<p>Money manager Mario Gabelli is asking a judge to make the film and TV company Paramount Global hand over files about its merger with Skydance Media so investors can tell what controlling stockholder Shari Redstone is getting in the deal and whether it’s fair.</p>


<p>US companies pared back hiring plans in 2024 as employers announced the smallest additions to headcount in almost a decade, according to figures published Thursday.</p>


US companies announced fewest hires in 2024 in nearly a decade

<p>German Defence Minister Boris Pistorius said on Thursday that a regular gathering of allies aimed at speeding up and synchronising arms deliveries to Ukraine was best kept under US leadership, with an eye to the new Trump administration.</p>


German defence minister says he will consider changing Ramstein format if US withdraws

<p>The role of the National Farmers Organisation (Nafas) as the main supplier of fertiliser to farmers across the country must be maintained, said Merbok Area Farmers Organisation (PPK) general manager Faizul Mat Hasan.</p>


National Farmers Organisation must remain the country's main fertiliser supplier, say farmers

<p>Health Minister Datuk Seri Dr Dzulkefly Ahmad on Thursday stressed the need for the government to invest more in preventive measures and focus on social determinants of health (SDH) to create a healthier population in Malaysia.</p>


Govt need to invest more in preventive measures, social determinants of health — Dzulkefly

<p>India’s Tata Consultancy Services Ltd (TCS) reported earnings that missed analysts’ estimates, signalling overseas clients are still cautious in betting big on information technology (IT) projects.</p>


Tata Consultancy Services misses estimates in sign IT spending yet to pick up

<p>Global air cargo markets saw robust growth in demand in November 2024, with cargo tonne-kilometres surging by 8.2% compared to a year earlier, according to the International Air Transport Association (IATA).</p>

<p>This marked the 16th consecutive month of growth, it said in a statement on Thursday.</p>


<p>Lebanon's parliament elected army chief Joseph Aoun head of state on Thursday, filling the vacant presidency with a general who enjoys US approval and showing the diminished sway of the Iran-backed Hezbollah group after its devastating war with Israel.</p>


Lebanon's US-backed army chief Aoun elected president

<p>Several Federal Reserve officials confirmed Thursday the US central bank will likely hold interest rates at current levels for an extended period, only cutting again when inflation meaningfully cools.&nbsp;</p>

<p>Boston Fed President Susan Collins said Thursday a slower approach to adjusting interest rates is merited now as officials confront “considerable uncertainty” over the US economic outlook.</p>


<p>UBS is set to pay a minimum of hundreds of millions of dollars to settle Credit Suisse's violations of an earlier agreement with the US Department of Justice over customers in the US who evaded tax, the <i>Wall Street Journal</i> reported on Thursday.</p>


UBS nears settlement over Credit Suisse tax evasion case — report

<p>The world’s biggest bond market halted a selloff that roiled trading around the globe, with investors gearing up for jobs data that will help shape the outlook for Federal Reserve rates.</p>

<p>Treasuries stabilized after a rout that drove 30-year yields to the highest since 2023.</p>
