<div class=newsTextDataWrapInner><p>SINGAPORE (Dec 11): Perennial Real Estate Holdings announced that Wilmar International has appointed its CEO Pua Seck Guan as its Chief Operating Officer and Executive Director from Jan 1.</p></div>

<div class=newsTextDataWrapInner><p>Pua will replaced Teo Kim Yong, the current Chief Operating Officer and Executive Director, who will be retiring on Dec 31.</p></div>

<div class=newsTextDataWrapInner><p>In a separate filing, Wilmar announced Professor Kishore Mahbubani has been appointed independent non-executive director with effect from January.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Mahbubani is currently the Dean and Professor in the Practice of Public Policy at the Lee Kuan Yew School of Public Policy.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, Wilmar also announced the resignation of Dr Leong Horn Kee as independent<br />
non-executive director with effect from December 31.</p></div>

<div class=newsTextDataWrapInner><p>Leong was appointed a director of Ezyhealth Asia Pacific Limited on June 30, 2000 and remained on the board after completion of the reverse takeover of Ezyhealth by Wilmar on July 14, 2006.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


SINGAPORE (Dec 11): Perennial Real Estate Holdings announced that Wilmar International has appointed its CEO Pua Seck Guan as its Chief Operating Officer and Executive Director from Jan 1.

Pua will replaced Teo Kim Yong, the current Chief Operating Officer and Executive Director, who wi...

Wilmar appoints Pua Seck Guan as new COO and Kishore Mahbubani as independent director

The Malaysian Institute of Economic Research (MIER) believes that Budget 2025 will have a strong focus on regional cooperation, particularly in fintech, financial inclusion and cross-border trade.

The think-tank said this will further boost Malaysia’s position as it assumes the Asean chairmanship next year.

Strong focus on regional cooperation in Budget 2025 to boost Malaysia's Asean chairmanship

Wall Street opened lower on Thursday as hotter-than-expected September inflation data reinforced expectations of a 25-basis-point rate hike by the Federal Reserve at its upcoming meeting.

Wall Street falls after inflation, jobless claims data

Education Minister Fadhlina Sidek has expressed hope that Budget 2025, which will be tabled in Parliament next week, will prioritise strengthening the entire education ecosystem to ensure that no one in the country is left behind.

Budget 2025: MOE hopes for priority in strengthening education ecosystem

The National Heart Institute (IJN) is seeking a 10-40% increase in the fees it charges patients that the Ministry of Health outsources to it, saying a review is necessary given inflation and rising costs, as the fee structure was set over 20 years ago in 2003.

IJN seeks 10-40% increase in fees it charges MOH patients

Prime Minister Datuk Seri Anwar Ibrahim said Malaysia has requested a waiver of visa requirements on a reciprocal basis with Canada.

The request was conveyed to his Canadian counterpart Justin Trudeau during a bilateral meeting on the sidelines of the 44th and 45th Asean Summits and Related Summits here on Thursday.

Malaysia requests waiver for visa requirements on reciprocal basis with Canada

Trading in Sarawak Cable Bhd’s (KL:SCABLE) shares will be suspended on Friday as the company faces a judicial management order, according to its bourse filing on Thursday.

Trading in Sarawak Cable to be suspended Friday pending judicial management order

India bade farewell on Thursday to one of its most respected corporate leaders — Ratan Tata, who expanded companies under his brand name into a global behemoth spanning multiple industries.

Ratan Tata gets state funeral as India bids farewell to business tycoon

Hurricane Milton marched across Florida on Thursday, whipping up tornadoes, destroying homes and knocking out power to millions before blowing out into the Atlantic.

Hurricane Milton exits Florida without setting off feared flooding 

EVENING 5: Five things you need to know today

Sibanye Stillwater Ltd unlawfully terminated a US$1 billion (RM4.28 billion) deal for two Brazilian mines with private equity firm Appian Capital Advisory, a London judge ruled.

Appian Capital, which invested in the two mines in Brazil, sued the South African mining and metal multinational for backing out of a 2021 agreement to purchase the mines following a geotechnical event at a mine.

Sibanye loses UK suit over cancelled US$1 bil Brazil mine deal

<p>Consolidated Teh Holdings Sdn Bhd and the estate of the&nbsp;late Tan Sri Teh Hong Piow — the largest shareholders of Public Bank Bhd (KL:PBBANK) — will&nbsp;undertake a restricted offer for sale of shares in the company to eligible employees, investors and directors.</p>


Public Bank’s Teh family to trim down shareholdings to 10% in next five years via restricted offer for sale

<p>Public Bank Bhd (KL:PBBANK), the third-largest bank in Malaysia by assets, is acquiring a 44.15% stake in insurer LPI Capital Bhd (KL:LPI) for RM1.72 billion in cash from the family of the late Tan Sri Teh Hong Piow.</p>


Public Bank to acquire 44.15% stake in LPI Capital for RM1.72 bil, triggering MGO at RM9.80

<p>The National Heart Institute (IJN) is seeking a 10-40% increase in the fees it charges patients that the Ministry of Health outsources to it, saying a review is necessary given inflation and rising costs, as the fee structure was set over 20 years ago in 2003.</p>


<p>Former chief inspector Azilah Hadri, the Special Action Unit officer convicted of murdering Mongolian Altantuya Shaariibuu 18 years ago, has had his death sentence commuted to 40 years’ jail and 12 strokes of the rotan.</p>


Azilah gets 40 years and 12 strokes of the rotan for Altantuya's murder

<p>KUALA LUMPUR (Oct 10): Top Glove Corporation Bhd (KL:TOPGLOV) said on Thursday that its net losses narrowed sharply as sales surged, and the world’s largest glovemaker by capacity also booked gains from land sale.&nbsp;</p>


Top Glove’s net loss narrows sharply in 4Q on higher sales, gain from land sale

<p>The final quarter of 2024 (4Q2024) will likely be volatile for Malaysia’s stock market, pushing investors to protect gains made while identifying opportunities for next year, said RHB Investment Bank.</p>


Protect gains as Bursa may be volatile in 4Q, RHB advises

<p>The Cabinet, at a meeting on Tuesday, approved the adoption of the Data Centre Planning Guidelines (GPP) developed by the Ministry of Housing and Local Government through the Town and Country Planning Department (PLANMalaysia).</p>


Data Centre Planning Guidelines approved by Cabinet, says Nga

<p>HONG KONG/SHANGHAI/BEIJING (Oct 10): China's central bank said on Thursday that it would start accepting applications from financial institutions to join a newly created funding scheme, initially worth 500 billion yuan (US$70.62 billion, or RM303.7 billion), to aid the capital market.</p>


China kicks off 500b yuan swap facility to aid stock market

<p>STRONG investment inflows into Penang’s electrical and electronics segment have fuelled its industrial sector growth, but left the state with a palpable infrastructure headache.</p>

<p>Roads leading to the island are regularly congested, as are those on the island and those going into the indu...

Cover Story: Penang’s infrastructure playing catch-up with its industrial boom 

<p>Top Glove Corp Bhd (KL:TOPGLOV), the world’s largest glove manufacturer by capacity, is confident it has sufficient capacity to meet the anticipated surge in US demand for medical gloves following the imposition of higher tariffs on Chinese imports, which are set to take full effect in January 2025.</p>


Top Glove confident of meeting US glove demand amid China tariff woes

<p>Sapura Resources Bhd (KL:SAPRES) said on Thursday that it has issued show cause letters to its managing director Datuk Shahriman Shamsuddin and appointed a new acting MD.</p>


Sapura Resources issues show cause letters to Shahriman, appoints Reza Abdul Rahim as acting MD

<p>Founded in 1927, the US-based Marriott International has more than 30 brands and nearly 9,000 properties as well as 149 restaurants in 141 countries today. In a roundtable media discussion in Kuala Lumpur on Sept 10, Marriott International chairman of the board David S Marriott revealed that the ...

Marriott International’s expansion plans in Malaysia backed by positive market outlook

<p>KUALA LUMPUR (Oct 10): RHB Research said while uncertainties over subsidy and the potential reintroduction of the goods and services tax (GST) in the upcoming Budget 2025 may dampen consumer sentiment, stable employment and government cash aid are expected to offset these concerns.</p>


RHB: Stable employment and cash aid to offset consumer sentiment concerns

<p>Elon Musk went all-in to get robotaxis onto roads, sacrificing a widely anticipated cheaper car,&nbsp;gutting&nbsp;teams focused on other projects and downplaying Tesla Inc’s&nbsp;sales slowdown.</p>

<p>So when Musk finally unveils autonomous taxi prototypes late on Thursday, the chief executive officer will have a lot to prove. He’s promised nothing short of a new era for transportation, in which Teslas with empty driver seats zip around with paying passengers, making money for their owners while they are asleep or at work.</p>


Musk readies the robotaxi he is betting Tesla’s future on

<p>Malaysia's palm oil stocks rose more than expected in September to hit an eight-month high, as a sharp fall in local consumption outweighed a modest increase in exports and reduced production, the industry regulator said on Thursday.</p>


Malaysia's palm oil stocks hit eight-month high as consumption slows

<p>KUALA LUMPUR (Oct 10): Real estate advisory firm AREA Group of Companies, through its special purpose vehicle Data Gateway Sdn Bhd, signed a sale and purchase agreement with Northern Gateway Sdn Bhd to purchase 30 acres of industrial land in Delapan, Kedah, to develop the first phase of its hyperscale data centre campus called AREA Data Centre Campus (ADCC).</p>


AREA acquires 30-acre land in Delapan, Kedah to build data centre

<p>Dr Shaariibuu Setev, the father of slain Mongolian Altantuya Shaariibuu, has affirmed a letter to support a motion by former chief inspector Azilah Hadri, the murderer, to commute his death sentence to life imprisonment.</p>


Altantuya's father affirms letter backing Azilah's appeal to commute death sentence to life imprisonment

<p>Datuk Dominic Silva has stepped down as the chief executive officer of MIDF Amanah Investment Bank (MIDF IB), the position that he held for almost six years.&nbsp;</p>


Dominic Silva steps down as MIDF IB CEO

<p>（吉隆坡10日讯）全国第三大银行大众银行（Public Bank Bhd）（KL:PBBANK）豪掷17亿2000万令吉现金或每股9.80令吉，向已故丹斯里郑鸿标的家族收购伦平资本（LPI Capital Bhd）（KL:LPI）44.15%股权。</p>


大众银行豪掷17.2亿 收购伦平资本44.15%股权

<p>The Selangor state government will exempt property developers from development charges for projects of several affordable housing schemes, including Rumah Idaman and Rumah Selangorku Harapan, effective January next year, according to Selangor state housing and culture exco Datuk Borhan Aman Shah.&nbsp;</p>
