<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 16): Sime Darby Bhd has appointed its non-independent non-executive director Tan Sri Samsudin Osman as chairman, effective immediately.</p></div>

<div class=newsTextDataWrapInner><p>In a statement today, the conglomerate said this follows his previous appointment as the group’s acting chairman in June 2020.</p></div>

<div class=newsTextDataWrapInner><p>Samsudin is Permodalan Nasional Bhd’s nominee director.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The 73-year-old has served Sime Darby as a member of the board since December 2008.</p></div>

<div class=newsTextDataWrapInner><p>He was the chief secretary to the Malaysian government from 2001 to 2006 and chairman of the Employees Provident Fund Board for 13 years, until his retirement earlier this year.</p></div>

<div class=newsTextDataWrapInner><p>At the midday break, Sime Darby shed 0.94% or 2 sen to RM2.12, valuing it at RM14.42 billion.</p></div>


Sime Darby Bhd has appointed its non-independent non-executive director Tan Sri Samsudin Osman as chairman, effective immediately.

In a statement today, the conglomerate said this follows his previous appointment as the group’s acting chairman in June 2020.

Sime Darby appoints Samsudin Osman as chairman

(Nov 27): It took just two months — and one US election — for JPMorgan Chase & Co. to make a complete turnaround on its call for emerging-market, local-currency bonds.

The Wall Street bank cut its recommendation on the asset class to underweight from marketweight on Tuesday, ac...

Trump’s return forces JPMorgan to pull a U-turn on EM local debt

The prosecutor of the International Criminal Court (ICC) said on Wednesday he would seek an arrest warrant for Myanmar's military leader Min Aung Hlaing for crimes against humanity over the alleged persecution of the Rohingya, a mainly Muslim minority.

ICC prosecutor seeks arrest warrant for Myanmar's military leader over Rohingya campaign

he Court of Appeal has upheld the High Court's insider trading conviction against former Patimas Computers Bhd deputy chairman Datuk Raymond Yap Wee Hin.

Court upholds insider trading conviction against former deputy chair of Patimas Computers

Chinese companies’ foreign-currency debt load has shrunk significantly, reducing a key source of vulnerability under Donald Trump’s second presidency.

China companies cut foreign-currency debt just in time for Trump

(Nov 27): Shares of NTPC Green Energy Ltd rallied in their trading debut, driven by investor demand for India’s rapidly expanding renewable power sector, while the country remains among the global hotspots for raising fresh capital.

NTPC Green jumps in Mumbai debut on demand for renewables

Meta Bright Group Bhd (KL:MBRIGHT), a property development to renewable energy group, is partnering grocery and retail operator Tunas Manja Sdn Bhd (TMG) to implement cost-effective energy efficiency initiatives.

Meta Bright partners with Tunas Manja on rooftop solar PV installations

Taiwan’s Foxconn said on Wednesday it expects any impact of new tariffs from US President-elect Donald Trump to hit it less than its rivals, citing its global manufacturing footprint.

Taiwan's Foxconn says global manufacturing footprint will shield it from Trump's tariffs

Pony AI Inc raised US$260 million (RM1.1 billion) after pricing its US initial public offering at the top of the marketed range, according to people familiar with the situation, signalling strong investor interest for autonomous-driving technology and Chinese listings in New York.

Chinese driverless-tech firm Pony AI said to raise US$260m in US IPO

PUTRAJAYA (Nov 27): The Malaysian Communications and Multimedia Commission (MCMC) is in the final phase of reviewing the implementation of a direct disaster notification channel that will bypass the Short Messaging Service (SMS).

Fahmi: MCMC’s review of disaster notification channel in final phase

The first snowfall of the season dumped a record 17.2cm of snow in South Korea’s capital city Seoul on Wednesday, snarling traffic, grounding some flights with the weather bureau forecasting more bad weather.

Seoul hit by highest snowfall in over 100 years causing chaos

<p>The High Court has granted former prime minister Datuk Seri Najib Razak and former Treasury secretary general Tan Sri Mohd Irwan Serigar Abdullah a discharge not amounting to an acquittal (DNAA) in their criminal trial regarding International Petroleum Investment Co (IPIC).</p>


Charges dropped against Najib, Irwan in IPIC trial as court grants DNAA

<p>Analysts have raised their earnings forecasts, with at least one upgrading its call on the country's largest lender by assets, Malayan Banking Bhd (KL: Maybank), after its third-quarter results met expectations.</p>


Analysts raise forecasts, recommend buying Maybank on price weakness after 3Q results

<p>AMMB Holdings Bhd (KL:AMBANK), the country’s sixth-largest bank by assets, sharply raised its dividend payout after reporting a 7% rise in second-quarter net profit from a year earlier on&nbsp;interest income growth.&nbsp;</p>


AMMB lifts dividend payout sharply as 2Q net profit rises 7%

<p>Vietnamese prosecutors have told property tycoon Truong My Lan she must repay an estimated US$11 billion (RM49 billion) if she wants to avoid execution by lethal injection.</p>


Vietnamese mogul told to refund missing billions to save her life

<p>Air fragrance maker Vanzo Holdings Bhd has launched the prospectus for its ACE Market initial public offering (IPO) that may raise up to RM21 million to expand retail presence and marketing activities.</p>


Air fragrance maker Vanzo unveils IPO prospectus to raise up to RM21 mil, shares priced at 15 sen apiece

<p>Hong Kong Metropolitan University (HKMU)&nbsp;has signed an agreement to buy a distressed commercial property in the city that China Mobile Hong Kong had sought to purchase, according to people familiar with the matter.</p>


Hong Kong tower seized from tycoon sold to university, Bloomberg reports

<p>Even as birth rates fell further in South Korea and Singapore, where less than one baby is born to every woman of reproductive age, Malaysia’s total fertility rate (TFR) surprisingly inched higher to 1.7 in 2023 from a record low of 1.6 in 2022.</p>


Demographic squeeze : Declining birth rates and the rising burden of eldercare

<p>Genetec Technology Bhd (KL:GENETEC), whose share price tumbled to a more than three-year low at end-October, rebounded strongly over recent weeks.</p>


Genetec shares hit three-month high after quarterly result announcement

<p>The Court of Appeal (COA) on Wednesday overturned a High Court decision two years ago that granted leave (permission) to former Petaling Jaya Member of Parliament Maria Chin Abdullah to challenge a show-cause issued by the Federal Territory Shariah High Court against her for contempt of court.</p>


Appellate court overturns High Court's decision allowing Maria Chin to challenge contempt at Shariah Court

<p>Retail investors are cashing out from China’s exchange-traded funds, risking further market volatility if Beijing fails to boost sentiment, according to analysts.&nbsp;</p>

<p>ETFs have seen net outflows since late October, according to an&nbsp;analysis&nbsp;by Haitong Securities.</p>


China’s stock rally faces risk as retail enthusiasm seen cooling

<p>Shares of BP Plastics Holding Bhd (KL:BPPLAS) slipped on Wednesday to their lowest in more than nine months after the stretch films manufacturer reported weaker-than-expected third-quarter results.</p>


BP Plastics shares slip to nine-month low as 3Q results disappoint

<p>Japanese chip distributor Macnica Holdings Inc is seeking possible acquisition targets in other parts of Asia, a sign of industry pressures to consolidate.</p>

<p>Macnica, which sells chips made by the likes of Intel Corp’s Altera, is eyeing an overseas acquisition to better hold its own against bigger competitors.</p>


Japan’s top chip distributor eyes acquisitions in China, India

<p>KUALA LUMPUR (Nov 27): Petronas Gas Bhd (KL:PETGAS) said on Wednesday that its net profit rose 5.4% in the third quarter from a year earlier, as higher offtake and reservation charges lifted revenue, and boosted by currency gains.</p>


Petronas Gas’ 3Q net profit edges up 5.4%, declares 18 sen dividend

<p>The Malaysian government has reminded all local firms to ensure they are fully aware of the destinations of their exported goods, as the US has ramped up sanctions on entities and individuals globally with links to Russia.</p>


Tok Mat reminds local firms to be aware of export destinations as US ramps up sanctions against Russia

<p>Global stocks paused on Wednesday and currencies were mixed as investors worried over the next potential target for US tariffs under President-elect Donald Trump, a day after he pledged new levies on Canada, Mexico and China.</p>


Global stocks pause, currencies mixed on Trump tariff concerns

<p>CCK Consolidated Holdings Bhd (KL:CCK) may deliver stronger earnings ahead, analysts said as they upgraded their recommendations while investors cheered the poultry firm’s third-quarter results.</p>


CCK to see stronger earnings ahead as analysts upgrade ratings, investors cheer 3Q results

<p>Prime Minister Datuk Seri Anwar Ibrahim is set to unveil an affordable housing project next month, backed by an RM13 billion investment, Housing and Local Government Minister Nga Kor Ming said.</p>


Nga: PM to announce RM13b affordable housing project next month

<p>Eight people have filed a RM60 million class action suit against the World Health Organization (WHO), its director general Dr Tedros Adhanom Ghebreyesus, vaccine companies Pfizer Inc and Sinovac Biotech Ltd (Beijing), and 21 others, including current and former government officials, for damages in relation to Covid-19 vaccinations that had been made compulsory.</p>


Eight sue WHO, ex- and current PMs, two vaccine companies, govt over Covid vaccinations

<p>KUALA LUMPUR (Nov 27):&nbsp;IJM Land Bhd, through its subsidiary RMS (England) Ltd, held a groundbreaking ceremony&nbsp;for the second phase of Royal Mint Gardens in London on Tuesday (Nov 26). The second phase comprises a 15-storey building, which has 463 aparthotel rooms and 79 residential units.</p>


IJM Land breaks ground for Royal Mint Gardens phase two in London

<p>US President-elect Donald Trump’s pick for the top trade position sees China as a “generational challenge” to the US, and has advocated for a strategic&nbsp;decoupling&nbsp;from the country.</p>
