<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 3): MISC Bhd said its group CEO Datuk Yee Yang Chien, 54, will retire on Sept 30 after holding the post since 2015.</p></div>

<div class=newsTextDataWrapInner><p>The Petronas-linked shipping firm said Captain Rajalingam Subramaniam will take over as group CEO effective Oct 1.</p></div>

<div class=newsTextDataWrapInner><p>Rajalingam, 56, is the group chief operating officer since February this year. &nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“He began his career at sea and came ashore in 1996 and has since held various positions in the MISC group, which included vice president, fleet management services of MISC in 2008 before being appointed as the president and CEO of AET Tanker Holdings Sdn Bhd in 2016,” said MISC in a filing.</p></div>

<div class=newsTextDataWrapInner><p>Beyond his leadership roles in the MISC group, Rajalingam also serves the global maritime industry in various capacities including as board member of Gard P&amp;I and executive committee member of the International Association of Independent Tanker Owners, the group said.</p></div>

<div class=newsTextDataWrapInner><p>“Captain Rajalingam is an honorary commander in the Royal Malaysian Navy, a position he has held since 2009. He was awarded the National Seafarers Icon 2017 by Malaysia Marine Department and 2018 Tanker Shipping &amp; Trade Industry Leader Recognition,” the group added.</p></div>

<div class=newsTextDataWrapInner><p>Shares in MISC ended eight sen or 1.1% lower at RM7.20, giving it a market capitalisation of RM32.14 billion.</p></div>


MISC Bhd said its group CEO Datuk Yee Yang Chien, 54, will retire on Sept 30 after holding the post since 2015.

Yee Yang Chien to retire as MISC CEO, Capt Rajalingam to take over

Japan's Prime Minister Shigeru Ishiba, currently on a two-day official visit to Malaysia, was accorded a formal welcoming ceremony at the Perdana Putra Complex on Friday.

Japanese PM accorded official welcome at Perdana Putra

Airbus SE expects to return to delivery levels last seen before the pandemic in the “foreseeable future” as the planemaker presses its advantage against a weakened rival Boeing Co and benefits from surging aircraft demand.

Airbus says return to pre-Covid delivery highs is within reach

Japanese household spending fell in November, government data showed on Friday, weighed down by stubbornly high prices that dissuaded consumers from loosening their purse strings.

Japan November household spending falls as price pressure persists

Hong Kong’s residential property market is set to finally turn a corner after a three-year slump as lower interest rates draw more buyers, according to analysts. Just don’t expect prices to grow much.

Hong Kong housing analysts predict a market bottom this year

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

MORNING CALL: 10/1/25

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

<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>


<div class="ceonothumb mx-auto pb-5">
<div>
<div class="iframe-w100-wrapper"><iframe allowfullscreen="" frameborder="0" height="500" src="https://www.youtube.com/embed/HcYCAJ3roBM?si=EJn8MQBYV-CAV27h&amp;rel=0&amp;autoplay=1&amp;mute=1" width="840"></iframe></div>
</div>

<p class="thumb-cap">E...

EVENING 5: Five things you need to know today

<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>


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

<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>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>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>


Gabelli pushes Paramount for files in fight over Skydance deal

<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>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>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>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>


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

<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>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>


<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>Hong Kong’s residential property market is set to finally turn a corner after a three-year slump as lower interest rates draw more buyers, according to analysts. Just don’t expect prices to grow much.</p>


<p>Japan's Prime Minister Shigeru Ishiba, currently on a two-day official visit to Malaysia, was accorded a formal welcoming ceremony at the Perdana Putra Complex on Friday.</p>


<p>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.</p>
