<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on August 11, 2017 - August 17, 2017</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Syarikat Takaful Malaysia Bhd is changing its name to Syarikat Takaful Malaysia Keluarga Bhd (STMKB) and establishing a new wholly-owned subsidiary, Syarikat Takaful Malaysia Am Bhd (STMAB).</p></div>

<div class=newsTextDataWrapInner><p>In a Bursa Malaysia filing, Takaful Malaysia said Bank Negara Malaysia (BNM) has approved the name change. The central bank will also issue a family takaful business licence to STMKB and a separate general takaful business licence to STMAB.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The existing composite licence of Takaful Malaysia will be surrendered to BNM upon completion of the exercise.</p></div>

<div class=newsTextDataWrapInner><p>“The proposed reorganisation is expected to contribute positively to the prospects of the group upon realisation of the business growth arising from the existing business plans and strategy of the company for both the family and general takaful businesses,” the group said.<br />
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KUALA LUMPUR: Syarikat Takaful Malaysia Bhd is changing its name to Syarikat Takaful Malaysia Keluarga Bhd (STMKB) and establishing a new wholly-owned subsidiary, Syarikat Takaful Malaysia Am Bhd (STMAB).

In a Bursa Malaysia filing, Takaful Malaysia said Bank Negara Malaysia (BNM) has a...

Takaful Malaysia to operate separately for family takaful and general takaful

(Jan 21): Booming credit markets are throwing private equity firms a lifeline as they strive to return cash to investors: Instead of relying on the IPO market, they can pile portfolio companies with more debt and give themselves a payout.

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A fire at a ski resort hotel in Türkiye's Bolu mountains killed 66 people on Tuesday and forced panicked guests to jump out of windows in the middle of the night.

Some 51 people were also injured, Interior Minister Ali Yerlikaya said at the Kartalkaya ski resort in northwest Türkiye.

Fire at Turkish ski resort kills 66, forces guests to jump from windows

EVENING 5: DC-related stocks, AI proxies jump as Trump holds off on immediate tariffs

Data centre-related stocks and proxies to artificial intelligence (AI) on Bursa Malaysia rebounded on Tuesday, driven by expectations of gradual approach to tariff policies by the new Donald Trump’s US administration. 

Trump's future policies are expected to be less aggressive compared to his previous term, with the possibility of reversing some of the restrictions imposed by Joe Biden, said Rakuten Trade head of research Kenny Yee.

Data centre-linked stocks, AI proxies rebound amid expectations of Trump’s gradual tariff implementation 

Treasuries rallied as fears that Donald Trump’s policies will fuel inflation eased, after the US president refrained from imposing China-specific tariffs for now.

The 10-year US yield fell as much as 10 basis points to 4.53% on Tuesday, as the market reopened after a US holiday. Meanwhile, the dollar rallied as Trump said he still plans to impose 25% tariffs on Mexico and Canada from next month, which sent currencies from both countries tumbling over 1%.

US bonds rise as tariff respite for China eases inflation fears

Here’s a quick look at some of the stories that made headlines today.

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The UK received record orders for its first syndicated bond sale since borrowing costs spiked earlier this month, offering some respite to Chancellor of the Exchequer Rachel Reeves.

UK sale of 2040 bond smashes record with £119b of demand

Chinese Vice Premier Ding Xuexiang said China will import more products, hours after US President Donald Trump left the economy out of countries he’s looking to hit with tariffs imminently.

China vice premier vows to import more after dodging US tariffs

China is still driving growth in global oil demand, the head of Saudi Aramco said, dismissing concerns about peaking consumption in the world’s biggest energy user.

Aramco CEO sees ‘good’ China oil demand driving growth

Oil and gas services firm Keyfield International Bhd (KL:KEYFIELD) has completed its first solar photovoltaic (PV) system onboard its largest vessel, Keyfield Wisdom. 

The project, which integrates a 121.2kWp solar hybrid system with battery energy storage (BESS), reduces the vessel’s reliance on onboard generator sets, thereby reducing its fuel consumption and cutting carbon emissions, Keyfield said in a statement on Tuesday.

Keyfield completes installation of Malaysia’s largest solar PV system on offshore vessel

<p>Payment under Phase 1 of Sumbangan Tunai Rahmah&nbsp;or Rahmah Cash Donation (STR) will be disbursed in stages from Wednesday, according to the Ministry of Finance (MOF).</p>


Sumbangan Tunai Rahmah's Phase 1 payment starts on Wednesday

<p>RichTech Digital Bhd, which distributes electronic reloads and provides bill payment services, has launched the prospectus for its ACE Market initial public offering (IPO) to raise up to RM20 million.</p>


RichTech launches ACE Market IPO prospectus, seeks to raise up to RM20m

<p>THE days of “super big profits” once enjoyed by Sime Darby Bhd (KL:SIME) in China’s car market are over, but the automotive and industrial equipment trading company remains confident in its long-term prospects.</p>

<p>Executive director and group CEO Datuk Jeffri Salim Davidson still believes ...

Special Report: China’s car-making juggernaut keeps Sime Darby CEO up at night

<p>The two sons of former prime minister Tun Dr Mahathir Mohamad have together declared assets worth RM1.2 billion to the Malaysian Anti-Corruption Commission (MACC), <em>Bloomberg </em>reported on Tuesday.&nbsp;</p>


Mahathir's two sons declare RM1.2 bil assets to MACC — Bloomberg

<p>President Donald Trump wasted no time announcing steps to implement many of his campaign pledges, including on immigration, energy, the military and federal workforce, casting many as reversing the policies of his predecessor, Joe Biden.</p>


A rundown of Trump’s executive actions, from tariffs to immigration

<p>Datuk Seri Najib Razak claimed that the legality of the government task force investigating the multi-billion-dollar 1Malaysia Development Bhd (1MDB) debacle was questionable.</p>


Najib claims 1MDB govt task force disbanded due to unlawfulness

<p>A who’s who of the world’s wealthiest people surrounded US President Donald Trump as he took the oath of office — gathering a combined net worth exceeding US$1.3 trillion (RM5.8&nbsp;trillion) for the occasion.</p>


The new order: Tech billionaires worth US$1.3 tril at Trump inauguration

<p>The government is reviewing a more targeted approach to assist the public, replacing the method of providing toll-free travel during festive seasons, said Works Minister Datuk Seri Alexander Nanta Linggi.</p>


No more toll-free travel during festive seasons — minister

<p>KUALA LUMPUR (Jan 21): Aluminium smelting and extrusion facility, Press Metal Aluminium Holdings Bhd’s (KL:PMETAL) fourth quarterly earnings are expected to come in a range of RM375 million to RM400 million, according to Hong Leong Investment Bank (HLIB).</p>


Press Metal’s 4Q earnings to be boosted by associate PT Bintan’s contribution amid high alumina prices, says HLIB

<p>Malaysia’s National Water Services Commission (SPAN) on Tuesday raised concerns over the extensive, unsustainable use of potable water by data centres in the country.</p>


SPAN calls out data centres for unsustainable use of potable water 

<p>Former prime minister Datuk Seri Najib Razak insisted that 1Malaysia Development Bhd (1MDB) benefitted the nation despite the crippling debt forced upon it, according to his court testimony on Tuesday.</p>


Najib maintains 1MDB benefitted country, despite overwhelming debt

<p>Datuk Seri Najib Razak does not appear to see anything wrong with getting updates on the then-ongoing investigations into 1Malaysia Development Bhd (1MDB) scandal.</p>


Najib sees nothing wrong with getting updates on investigations involving him

<p>A tariff war with the US will cut into economic growth of a trading bloc of Southeast Asian nations, China, Japan and South Korea, according to a regional macroeconomic surveillance organisation.</p>


Retaliatory tariffs against US could shave Asean+3 growth by up to 2%, AMRO warns

<p>Oil and gas pipes supplier&nbsp;Saliran&nbsp;Group Bhd has entere<wbr />d into an underwriting agreement with Malacca Securities, in conjunction with its initial public offering (IPO) on the ACE Market of Bursa Malaysia.&nbsp;&nbsp;</p>


Saliran Group inks underwriting agreement with Malacca Securities for ACE Market IPO

<h2>Notable filings</h2>

<p>From Dec 30, 2024, to Jan 3, notable filings on shareholding changes at Bursa Malaysia-listed companies include those at <strong>Berjaya Corp Bhd</strong> (KL:BJCORP) which saw Kossan Holdings Sdn Bhd cease being a substantial shareholder of the consumer conglomerate.<...

Insider Moves: Berjaya Corp Bhd, Sunway Bhd, HIL Industries Bhd, Mestron Holdings Bhd, Malakoff Corp Bhd, Velocity Capital Partner Bhd 

<p>Malaysia's automotive sector total industry volume is expected to normalise to a three-year low of 780,000 units this year, according to the Malaysian Automotive Association’s (MAA) projection, having hit a record 816,747 units in 2024.</p>


MAA sees 2025 vehicle sales at three-year low after 2024 TIV hits new record

<p>KLANG (Jan 21): Section 2 of the West Coast Expressway (WCE) will be opened to traffic starting midnight on Wednesday (Jan 22), which will complement Port Klang as the largest logistics hub in Southeast Asia.</p>


Section 2 of West Coast Expressway opens at midnight, toll-free for a month

<p>For President Xi Jinping, the stage was set for an explosive start to Donald Trump’s presidency, after he campaigned on a promise to punish China with tariffs. Instead, the American leader’s first day back in office bought Beijing some unexpected breathing room.</p>


Xi dodges early Trump tariffs, buying China time to influence US

<p>Pansar Bhd (KL:PANSAR) has secured a RM477.69 million highway construction job from the Sarawak Public Works Department.</p>

<p>The contract, awarded to its wholly owned subsidiary Perbena Emas Sdn Bhd via an invited tender, involves the design and construction of the Serian-Gedong-Samarahan dual carriageway highway.&nbsp;</p>


Pansar bags RM478 mil highway construction job in Sarawak

<p>YNH Property Bhd (KL:YNHPROP) is disposing of a two-storey shopping centre, AEON Mall Seri Manjung in Perak, to Sunway Real Estate Investment Trust (KL:SUNREIT) for RM138 million. &nbsp;</p>
