Nestle SA and Unilever plc are replacing their veteran chief financial officers, part a changing of the guard at consumer-goods companies as inflation pressures the industry.

Anna Manz, the finance boss of the London Stock Exchange Group, will take over from Nestle CFO Francois-Xavier Roger after eight years in the job when she leaves her current role.

Unilever and Nestle to appoint new finance chiefs as industry battles inflation

Top officials from the Ministry of Finance, Bank of Japan and the financial watchdog are set to meet on Tuesday (May 30) to discuss financial markets, the ministry said, after the Japanese currency weakened to a six-month low versus the dollar.

Japan's top financial authorities to meet to discuss markets

Datuk Seri Andy Lim Kok Han has ceased to be a substantial shareholder of Green Packet Bhd after disposing of 358.18 million shares in the group on Friday (May 26).

Bestinet CFO is new single largest shareholder of Green Packet  

Permodalan Nasional Bhd (PNB), one of the country's largest fund management companies, has appointed Raja Tan Sri Arshad Raja Tun Uda as group chairman from June 1. He is taking over a role left vacant when Tun Arifin Zakaria retired on May 6 after completing his two-year term.

Raja Arshad is new PNB group chairman from June 1

S P Setia Bhd announces the appointment of Datuk Zaini Yusoff as its new chief operating officer (COO), effective July 1, 2023.

He is currently the executive vice-president, a position he has held since July 1, 2020. Zaini will report to chief executive officer Datuk Choong Kai Wai, and be responsible for strengthening the company's operating model to support growth through transformation.

S P Setia announces Zaini Yusoff as new COO

Singapore's Temasek Holdings said it cut compensation for the team that recommended investing in the now-bankrupt FTX cryptocurrency exchange and for senior management, as they take "collective accountability" for the failed investment.

Singapore's Temasek cuts staff compensation after failed FTX investment

Bahvest Resources Bhd’s founder and managing director-cum-chief executive officer Datuk Lo Fui Ming said he and his son, Bahvest executive director Lo Tek Yong, are “seriously considering” resigning as directors of the Sabah-based gold mining company after many hurdles, including poison pen letter, boardroom tussles, authorities’ raid and halted mining production.

Bahvest founder Lo and son say 'seriously' considering resigning to focus on Southsea Gold

BAGAN DATUK (May 28): The government plans to formulate an Act to provide social security protection to e-hailing workers, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Ahmad Zahid: Govt plans to formulate Act to protect e-hailing workers’ social security

Proxy adviser Glass Lewis has recommended that shareholders of Toyota Motor Corp vote against the re-election of chairman Akio Toyoda as a board director in an upcoming meeting, citing his responsibility for the lack of a sufficiently independent board.

Glass Lewis recommends investors vote against Toyota chairman

KUALA LUMPUR (May 26): The High Court has set Aug 8 to hear Sapura Energy Bhd’s appeal over a Sessions Court’s decision allowing Economy Minister Mohd Rafizi Ramli to obtain documents disclosing Sapura Energy’s former chief executive officer Tan Sri Shahril Shamsuddin’s remuneration and incentive package.

August hearing for Sapura Energy’s appeal against Rafizi’s discovery application on ex-CEO Shahril’s remuneration

Singapore-based Grab Holdings Ltd said on Thursday (May 25) that its co-founder Tan Hooi Ling will step down from her operating roles at the ride-hailing company by the end of this year.

Grab co-founder Tan Hooi Ling to step down from operational roles

HSBC is reviewing a possible exit from as many as one in five of the countries the lender operates in to sharpen its focus on Asian expansion, chief financial officer Georges Elhedery told Reuters in his first interview since taking the role.

Asia-focused HSBC puts 12 countries on exit watchlist

Mechanical and electrical engineering services specialist Bintai Kinden Corp Bhd said it will be initiating an internal investigation into the conduct of "certain directors", as well as the trading activities of the company.

Bintai Kinden to conduct internal probe on its own directors, trading activities

Malaysia Debt Ventures Bhd (MDV), a subsidiary of the Minister of Finance Inc and an agency under the purview of the Ministry of Science, Technology and Innovation, has appointed Wong Chen, who is Member of Parliament for Subang, as its non-executive chairman.

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