<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 15): Power cable and wire producer Sarawak Cable Bhd (SCable) has announced that Datuk Ahmad Redza Abdullah will step down from his position as executive director and group managing director at the end of this year after 13 years at the company.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Thursday, SCable said Ahmad Redza, 59, is retiring effective Dec 31. The company did not say who will succeed him.</p></div>

<div class=newsTextDataWrapInner><p>He was appointed to the board of SCable as independent non-executive director in October 2009. He was then appointed as the executive director in January 2018. He was appointed as managing director in March 2018 before being re-designated as group managing director in April last year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>According to SCable's annual report 2020, Ahmad Redza was the deputy managing partner of Messrs Shahrizat Rashid &amp; Lee and head of litigation and dispute resolution up until 2017. He has extensive experience in civil and commercial litigation and was lead counsel for the firm.</p></div>

<div class=newsTextDataWrapInner><p>Currently, he sits on the board of several private limited companies in Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>SCable shares closed unchanged at 12 sen today, bringing it a market capitalisation of RM45.88 million.</p></div>


Power cable and wire producer Sarawak Cable Bhd (SCable) has announced that Datuk Ahmad Redza Abdullah will step down from his position as executive director and group managing director at the end of this year after 13 years at the company.

In a bourse filing on Thursday, SCable said Ahmad Redza, 59, is retiring effective Dec 31. The company did not say who will succeed him.

Sarawak Cable group MD  Ahmad Redza to leave at year-end

The chair and top Democrat on a US House of Representatives committee on China on Friday told the CEOs of Google-parent Alphabet and Apple they must be ready to remove TikTok from their US app stores on Jan 19.

US lawmakers tell Apple, Google to be ready to remove TikTok from app stores on Jan 19

A top trade adviser to President-elect Donald Trump told Reuters on Thursday that the new administration would not look "fondly" on any attempt by China to manipulate its currency, responding to a Reuters report that authorities there were considering allowing the yuan to weaken next year.

Peter Navarro, Trump's incoming senior counselor for trade and manufacturing, said the White House would not interfere with the Treasury Department's biannual review looking into whether foreign trade partners are manipulating their currencies.

Trump trade adviser warns against currency manipulation as China mulls weaker yuan

The Malaysian Pharmacists Society (MPS) strongly advocates for the development of a national health financing (NHF) system as an urgent priority to address escalating healthcare costs, enhance access and establish a sustainable healthcare model for all Malaysians.

National health financing system necessary to address escalating healthcare costs — pharmacists 

Former finance minister Lim Guan Eng is opposing Tan Sri Muhyiddin Yassin's request to postpone the payment of the judgment debt of RM1.402 million in their defamation case.

Guan Eng rejects Muhyiddin’s request to postpone payment of RM1.4m in defamation damages

Wall Street's main indexes rose on Friday with Nasdaq outperforming after an upbeat forecast from Broadcom kept alive the euphoria around artificial intelligence and lifted chip stocks.

Broadcom, chip stocks power Wall Street higher

Broadcom is predicting a massive expansion in demand for chips that power AI — and the market, for now, is buying it all the way.

Broadcom hits trillion-dollar valuation on lofty forecasts for AI demand

Police are tracking down a woman who claimed she would be marrying the Crown Prince of Pahang, Tengku Hassanal Ibrahim Alam Shah.

Pahang police tracking woman claiming she will marry Tengku Hassanal

US import prices barely rose in November as increases in the costs of food and fuels were partially offset by decreases elsewhere, thanks to a strong dollar and suggesting that inflation pressures could subside in the months ahead.

US import prices rise marginally in November

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

Lotte Chemical Titan, Yinson, Telekom Malaysia, T7 Global, Datasonic, Exsim Hospitality, Sime Darby, Carzo, GIIB

A former remisier pleaded not guilty in the Sessions Court here on Friday to a charge of defrauding the son of former Federal Territories minister Datuk Seri Raja Nong Chik Raja Zainal Abidin in the purchase of a golf equipment supply company's shares last year.

Ex-remisier accused of scamming son of former FT minister in connection with golf company stock purchase

<p>Following the latest semi-annual review, 28 new constituents have been included in the FTSE4Good Bursa Malaysia (FTSE4Good) index, with 22 new inclusions to the FTSE4Good Bursa Malaysia Shariah (FTSE4Good Shariah) index.</p>


FTSE4Good sees 28 new additions, including IHH, IJM Corp and Affin Bank

<p>Former finance minister Lim Guan Eng is opposing Tan Sri Muhyiddin Yassin's request to postpone the payment of the judgment debt of RM1.402 million in their defamation case.</p>


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


<p>Yinson Holdings Bhd (KL:YINSON) has appointed its chief strategy officer Chai Jia Jun to take on the role of group chief financial officer, while maintaining his current position.</p>


Yinson's chief strategy officer Chai Jia Jun to take on CFO role

<p>Shareholders of Datasonic Group Bhd (KL:DSONIC) have rejected the company's proposal to relax the requirement to adopt directors' written resolutions at its extraordinary general meeting (EGM).</p>

<p>This was one of two resolutions that were not passed at the EGM, which saw a total of five resolutions brought up for voting by its shareholders.</p>


Datasonic shareholders reject relaxed requirement for directors' resolution; ESOS options for director Tunku Nooruddin

<p>Telekom Malaysia (KL:TM) has unveiled its GPU-as-a-Service (GPUaaS) — a cloud computing service model that provides access to high-performance graphics processing units (GPUs) over the internet where users can rent GPU resources on a pay-as-you-use basis — and announced it has secured an international client with its latest offering.</p>


Telekom Malaysia unveils GPU-as-a-Service, secures new international client

<p>Two dozen migrant workers who allege they were subjected to forced labour at a Malaysian factory while making parts for British vacuum cleaner manufacturer Dyson can sue the company in London, the Court of Appeal ruled on Friday.</p>


Malaysian workers' lawsuit against Dyson revived by UK court 

<p>A former remisier pleaded not guilty in the Sessions Court here on Friday to a charge of defrauding the son of former Federal Territories minister Datuk Seri Raja Nong Chik Raja Zainal Abidin in the purchase of a golf equipment supply company's shares last year.</p>


<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>GIIB Holdings Bhd (KL:GIIB) said its former chief executive officer, Tai Boon Wee, who faced a forgery charge involving the misrepresentation of the company's financial report, was discharged by the Sessions Court on Friday.</p>


Ex-GIIB CEO Tai Boon Wee cleared of forgery after prosecution drops charge

<p>The Royal Malaysian Police (PDRM) confirmed that Wan Muhammad Azri Wan Deris, or Papagomo, was arrested at his residence in Putrajaya Friday morning to assist in the investigation into a case of fraudulent fundraising using the name of a company.</p>


Papagomo nabbed in fraud probe

<p>Bank Negara Malaysia (BNM) will announce a solution to the issue of rising medical insurance premium rates soon, said Communications Minister Fahmi Fadzil.</p>

<p>Fahmi, also the Unity Government spokesman, said Prime Minister Datuk Seri Anwar Ibrahim told Friday's Cabinet meeting that the central bank needs a little more time before making an announcement.</p>


BNM to announce solution to rising insurance premiums soon — Fahmi

<p>Exsim Hospitality Bhd (KL:EXSIMHB), formerly known as Pan Malaysia Holdings Bhd, has secured a sub-contract worth RM20.98 million for renovation works on 62 office units located on Old Klang Road.</p>

<p>The sub-contract was awarded to its wholly-owned subsidiary, Exsim Concepto Sdn Bhd, by interior renovator firm Ntim Reno Sdn Bhd, according to the group’s filing with Bursa Malaysia on Friday.</p>


Exsim Hospitality bags renovation job worth RM21 mil

<p>Wall Street's main indexes rose on Friday with Nasdaq outperforming after an upbeat forecast from Broadcom kept alive the euphoria around artificial intelligence and lifted chip stocks.</p>


<p>Loss-making group Carzo Holdings Bhd (KL:CARZO) announced that its wholly-owned subsidiary, Carzo Sdn Bhd (CZSB), has been served with a writ of summons and statement of claims from its fruit supplier.</p>


Carzo unit gets writ and summons to pay RM48,705 to its supplier 

<p>Police are tracking down a woman who claimed she would be marrying the Crown Prince of Pahang, Tengku Hassanal Ibrahim Alam Shah.</p>


<p>The Independent Steel Committee (ISC), which was formed by the Ministry of Investment, Trade, and Industry (Miti) in January 2024, has completed its consultations with various stakeholders about the industry's current challenges and future aspirations and presented its findings to the ministry for further action.&nbsp;</p>


Independent Steel Committee completes stakeholder consultations, Miti to align iron and steel industry with NIMP 2030

<p>(Dec 13): The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla, according to a document seen by <i>Reuters</i>, a move that could cripple the government’s ability to investigate and regulate the safety of vehicles with ...

Trump transition recommends scrapping car-crash reporting requirement opposed by Tesla

<p>President Emmanuel Macron picked Francois Bayrou to be France’s new prime minister, calling on a longstanding centrist ally to navigate a fractured political landscape that toppled the previous administration.</p>


Macron names centrist Bayrou as new French prime minister

<p>Investors poured money into Chinese stocks over the past week again as the country’s leaders vowed to boost growth with more stimulus measures, according to Bank of America Corp strategists.</p>
