KUALA LUMPUR (Jan 10): Sapura Resources Bhd, a property and aviation group, announced several boardroom changes via bourse filings on Friday, including the appointment of Reza Abdul Rahim as its new chief executive officer, with immediate effect.

Just three months earlier on Oct 10, 202...

Sapura Resources names acting MD Reza Abdul Rahim as CEO in boardroom reshuffle

AmanahRaya Real Estate Investment Trust (REIT) (KL:ARREIT) on Thursday announced the resignation of Tunku Rozita Tunku Abdul Malek as its executive director and the managing director of its manager AmanahRaya-Kenedix REIT Manager Sdn Bhd, due to personal reasons.

AmanahRaya REIT announces resignation of Tunku Rozita and names Mohd Iskandar as acting MD

US companies pared back hiring plans in 2024 as employers announced the smallest additions to headcount in almost a decade, according to figures published Thursday.

US companies announced fewest hires in 2024 in nearly a decade

Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence (AI) encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence (BI).

Wall Street may lose up to 200,000 jobs as AI takes over their roles

Having successfully worked to get his candidate elected in the US, Elon Musk is setting his sights on Europe.

In a series of posts on his X platform in recent weeks, the billionaire backer of Donald Trump has honed in on Germany and the UK, criticised the respective governments, questioned laws they’ve enacted and cast doubt on their economic competence.

Musk takes slash-and-burn style to Europe after bolstering Trump

CJ Century Logistics Holdings Bhd (KL:CJCEN) has appointed Kim HyunChul as its new deputy chief executive officer (CEO), succeeding Kim JinMok, who resigned after nearly two years of service with the company.

CJ Century Logistics names Kim HyunChul as new deputy CEO

Tesla Inc blamed trade unions for a reportedly mile-long line of electric vehicles at one of its Swedish superchargers on a busy holiday weekend.

Tesla manager blames Swedish supercharger chaos on union actions

WASHINGTON/BERKELEY, California/BENGALURU (Jan 6): Michael Barr, the Federal Reserve's top regulatory cop, said he will step down on Feb 28, in a surprise move that will avert a potentially messy legal fight with President-elect Donald Trump, who is now free to replace him with an official of his choosing.

Fed's Barr to resign early from regulatory job to avoid legal fight with Trump

Bridgewater Associates dismissed 7% of its workforce Monday as the world’s biggest hedge fund seeks to remain lean and maintain the flexibility to hire top talent, according to a person familiar with the matter.

Bridgewater cuts 7% of staff in effort to remain ‘nimble’ — Bloomberg

GoTo Group said Patrick Walujo will run the company for about five more years, giving the chief executive officer more time to turn around Indonesia’s unprofitable ride-hailing and food-delivery champion.

GoTo gives CEO five years more to get car-hailing firm to profit

(Jan 3): SenseTime Group Inc is reducing its office footprint in Singapore, scaling back once-lofty ambitions at a time it’s struggling to compete in the post-ChatGPT era.

Chinese AI firm SenseTime cuts back on Singapore office space — Bloomberg

Singapore Post Ltd’s sudden dismissal of three senior executives, and their strong denials of the company’s allegations against them, calls for an independent inquiry, according to Singapore’s investor watchdog.

Singapore watchdog urges probe into SingPost executive firings

US tech giant Meta Platforms has elevated prominent Republican Joel Kaplan to be its chief global affairs officer, replacing Nick Clegg.

Meta taps Republican Joel Kaplan to lead global policy team, replacing Nick Clegg

Value Partners Group Ltd's co-founder Cheah Cheng Hye will step down from his roles as co-chairman and co-chief investment officer (CIO) on Jan 2, 2025, the Hong Kong Stock Exchange (HKEX)-listed firm announced on Thursday.

Value Partners Penang-born co-founder Cheah Cheng Hye steps down as co-chairman and co-CIO, named honorary chairman  

The Ministry of Agriculture and Food Security says there is no directive or decision to reduce the price of paddy, as alleged by a farmers' group. 

In a statement on Friday, the ministry said "there has been no directive or decision regarding reducing the paddy purchase price to date".

Agriculture ministry denies plan to reduce paddy purchase price

The US will impose some of the harshest sanctions yet on Russia's oil industry, according to a purported US Treasury document circulating among traders in Europe and Asia that drove global oil prices 3% higher on Friday.

US to impose sanctions on Russian oil fleet, document shows

The selection of Port Dickson as one of the Asean Summit meeting locations is expected to significantly boost the district’s tourism by promoting its beauty to Southeast Asian countries.

Port Dickson Municipal Council (MPPD) president Hasnor Abd Hamid said the council is fully committed to ensuring smooth preparations for the meeting to create a successful event and leave a lasting positive impression on the delegates.

Port Dickson set to gain tourism spotlight as an Asean Summit venue

The strength of the US economic recovery post-Covid and a quest for safe-haven investments helped boost US dominance of global financial flows, while manufacturing incentives led to a surge in foreign direct investment, the White House said on Friday.

Strong economy, safe asset demand boosted US dominance in capital flows, White House says

Kumpulan Perangsang Selangor Bhd (KL:KPS) on Friday said its subsidiary's appeal to the Inland Revenue Board (IRB) against the RM7.89 million capital gains tax and penalty that was imposed on the company in November last year was accepted.

In a filing on Friday, KPS said the appeal was filed by its wholly owned Bold Approach Sdn Bhd on Dec 17 last year.

IRB drops RM7.9 mil tax claim against Kumpulan Perangsang Selangor

US job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labour market ended the year on a solid footing, reinforcing the Federal Reserve's cautious approach to interest rate cuts this year.

US job growth beats expectations in December; unemployment rate falls to 4.1%

Italy would have full control of its data under any potential deal struck with Elon Musk's Starlink for secure satellite communications, an Italian representative for the billionaire's aerospace businesses said.

Italy will fully control data in any Starlink deal, says Musk adviser 

The family of Thai businessman Vichai Srivaddhanaprabha, who died in a helicopter crash in 2018, has brought a legal action against Italian helicopter manufacturer Leonardo SpA in a London court valued at £2.15 billion (US$2.65 billion).

Family of Thai tycoon brings US$2.7b claim against Leonardo over Leicester City crash

The German government is in ongoing discussions about whether to delete its presence on the X platform due to concerns over its algorithms, a spokesperson said on Friday.

Germany may yet quit X on concerns over algorithms — Reuters

Berjaya Group is seeking a new partner as it bids for a proposed multibillion-dollar high-speed rail (HSR) line between Kuala Lumpur and Singapore, after Malaysian Resources Corp Bhd (KL:MRCB) withdrew from the consortium, Berjaya Corporation Bhd (KL:BJCORP)&nbsp;founder Tan Sri Vincent Tan Chee Yioun Chiun said.

Berjaya's Vincent Tan seeks new partner in KL-Singapore HSR bid

Former prime minister Datuk Seri Najib Razak was visibly shaken on Friday as the prosecution attacked his defence testimony with an onslaught of questions on the infamous ‘donation’ from Saudi royalty.

Najib visibly shaken as prosecution attacks his inconsistencies over 'donation' details

Oriental Kopi Holdings Bhd (KL:KOPI) could deliver a strong share price gain with above-peer valuations backed by robust earnings growth, according to two research houses starting coverage of the soon-to-be-listed café operator.

Oriental Kopi may deliver strong share price gain after IPO; Apex, Tradeview start coverage with ‘buy’

Tenaga Nasional Bhd or TNB (KL:TENAGA) said its indirectly wholly owned unit TNB Western Energy Bhd (TNB WE) has been slapped with an income tax bill amounting to RM291.55 million for the year of assessment 2018 from the Inland Revenue Board (IRB).

Tenaga Nasional unit gets additional RM292m tax bill

Gamuda Land and Public Bank Bhd (KL:PBBANK) have introduced Malaysia’s first flexible 120% home financing package, the PB SmartLiving scheme, offering new levels of accessibility and affordability for homebuyers.

Gamuda Land, Public Bank unveil Malaysia's first 120% home financing plan

Shares of Gamuda Bhd (KL:GAMUDA) could potentially climb as much as 62% from the last price if its market value catches up with the size of its order book, CGS International said on Friday.

Gamuda share price could trade over RM8 if market value catches up with order book — CGS

Risks are building up towards an earlier rate hike due to Malaysia's removal of RON95 petrol subsidies, according to BMI, a Fitch Solutions company, though it officially forecasts the rate to remain unchanged this year.

BMI says Malaysia's planned RON95 subsidy removal heightens rate hike risk, but keeps OPR target at 3%

The secretariat for the Federal Territories&nbsp;Pardons Board has denied the existence of any additional document or royal addendum in its official files or records that purportedly allows former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest.

No royal addendum for Najib's house arrest in Pardons Board's records, says secretariat

U Mobile Sdn Bhd, the nation’s newly selected second 5G network access provider, is set to deploy between 5,000 and 7,000 5G sites across Malaysia, according to industry sources cited by RHB Research.

U Mobile set to deploy up to 7,000 5G sites across Malaysia, RHB says, citing sources

The US restriction of artificial intelligence (AI) chip exports may lead to a sector-wide slowdown, affecting the entire supply chain in the semiconductor industry, according to RHB Investment Bank.

US AI chip export curbs may lead to sector-wide slowdown — analysts

Sime Darby Property Bhd (KL:SIMEPROP) said on Friday it has fully acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor for RM232 million.

Sime Darby Property fully acquires Bandar Bukit Raja warehouses for RM232 mil

Malaysia’s national oil and gas company Petroliam Nasional Bhd (Petronas) has reached the final investment decision for the development of the Hidayah field offshore East Java, Indonesia.

Petronas reaches final investment decision to develop Hidayah field off Indonesia

Despite being known as a consummate gentleman, Datuk Seri Najib Razak told the High Court here on Friday that he didn't send thank-you notes or express any gesture of gratitude after receiving donations from the Arab royalty.

1MDB-Tanore: Why no thank-you note to Saudi donors? Prosecution takes aim at consummate gentleman Najib's 'bad manners'

LBS Bina Group Bhd (KL:LBS) has launched Centrum Iris, the second precinct of Cameron Centrum and the largest mixed development of commercial offerings located in Cameron Highlands, Pahang. It has a projected gross development value of RM472 million.

LBS unveils Centrum Iris in Cameron Highlands, Pahang

Despite the anticipation of incoming personal donations of substantial amounts, former prime minister Datuk Seri Najib Razak told the High Court here on Friday that he did not know how the Saudi royalty had obtained his personal bank account details.

1MDB-Tanore: Najib says unaware how Saudi donors got his account details or knew of account change

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Japan to be involved with REE processing in Malaysia — Anwar

Prime Minister Datuk Seri Anwar Ibrahim has expressed hope that the clean hydrogen energy collaboration project between Petroliam Nasional Bhd (Petronas), Petroleum Sarawak Bhd (Petros) and Japanese companies could be facilitated by May this year.

Anwar hopes Petronas, Petros hydrogen venture can meet May deadline for facilitation

Malaysia's palm oil stocks declined for a third consecutive month, falling 6.91% to 1.71 million tonnes at the end of December, data from the industry regulator showed on Friday.

Malaysian palm oil stocks hit 19-month low in December as output drops

Tesla Inc officially launched its refreshed Model Y sport utility vehicle in China on Friday and started to take orders, its website showed.

Tesla launches refreshed Model Y Juniper SUV in China

Maybank Investment Bank Bhd (Maybank IB) believes the Malaysian consumer sector is poised for a strong year in 2025, driven by robust macroeconomic factors and government assistance that are expected to boost disposable income, improving consumer sentiment and spending capacity.

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