Two senior executives at Malaysia Aviation Group Bhd (MAG), the parent company of national carrier Malaysia Airlines Bhd, have resigned in a surprise move, sources told The Edge.

Malaysia Aviation Group to see departure of two senior executives

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.

Dominic Silva steps down as MIDF IB CEO

UEM Group Bhd confirmed on Wednesday that its managing director Datuk Mohd Izani Ghani is leaving the engineering-based infrastructure company to take over as the MD of Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT).

MAHB names UEM’s Mohd Izani as MD, confirming The Edge report; promotes Zeid Abdul to acting finance chief

Kuwait Finance House (Malaysia) Bhd (KFH Malaysia), the country’s first foreign Islamic lender, is planning an exit from the country after 19 years of operation, sources said.

“It is exiting to focus entirely on the Middle East,” an industry source said.

Kuwait Finance House Malaysia to exit the country, sources say

Datuk Amran Hafiz Affifudin, executive director and head of Malaysian investments at sovereign wealth fund Khazanah Nasional Bhd, has been tipped to take over the reins of UEM Group Bhd from managing director Datuk Mohd Izani Ghani, according to sources.

Khazanah executive director Amran Hafiz tipped to take over as UEM Group MD as Mohd Izani set to move to MAHB

Effective March 1, Eric Chan — former regional managing director at Jardine Cycle & Carriage Limited Singapore, Malaysia, Indonesia, and Myanmar — assumes the roles of Carsome group president and group chief operating officer (COO).

Carsome appoints Eric Chan as new group president, COO

A controlling block of 92 million shares, or a 48.3% stake, in Rexit Bhd was crossed on Wednesday morning via a direct business transaction.

48% stake in Rexit changes hands; new controlling shareholder likely to emerge

KUALA LUMPUR (Dec 10): Casino tycoon Tan Sri Dr Chen Lip Keong — founder, major shareholder and senior chief executive officer of NagaCorp Ltd — passed away at the age of 75, according to Chinese newspaper Nanyang Siang Pau.

NagaCorp boss Chen Lip Keong passes away at 75 — report

Datuk Azman Ismail, former managing director and chief executive officer at PLUS Malaysia Bhd, has emerged as one of the contenders in the race to lead Digital Nasional Bhd (DNB), sources say.

Former PLUS CEO Azman Ismail, Vell Paari, Al-Ishsal Ishak tipped as DNB CEO contenders

KUALA LUMPUR (July 21): Creador-backed retail pharmacy chain BIG Pharmacy Healthcare Sdn Bhd has inked a deal to buy its competitor Caring Pharmacy Group Bhd from convenience store operator 7-Eleven Malaysia Holdings Bhd in a deal worth about RM900 million, sources told The Edge.

BIG Pharmacy to acquire Caring Pharmacy from 7-Eleven Malaysia for RM900 mil — sources

Pelikan International Corp Bhd is said to have sealed a cash deal to sell its stationery business to a European firm for about RM680 million to RM700 million.

Pelikan, which has made known its intention to divest of the stationery business, will distribute the cash proceeds to shareholders in the form of capital repayment after paying off its borrowings, according to a source familiar with the negotiations.

Pelikan planning bumper dividend after sealing over RM680m asset sale deal — source

CIMB Group Holdings Bhd’s investment bank, CIMB Investment Bank Bhd, inked a deal earlier on Friday (April 7) to acquire KAF Equities Sdn Bhd from KAF Investment Bank Bhd (KAF IB), sources said.

CIMB Investment Bank inks deal to buy KAF Equities, sources say

Datuk Nik Airina Nik Jaffar, director of special projects and corporate finance at UEM Group Bhd, is said to have been appointed as new managing director and chief executive officer of PLUS Malaysia Bhd, according to sources.

Nik Airina Nik Jaffar is said to be PLUS Malaysia’s new MD and CEO

KUALA LUMPUR (Feb 25): Digital health platform and e-prescriptions issuer DOC2US is set to be physically operating in Saudi Arabia, bringing in and setting up its ecosystem and infrastructure in the country to provide digital healthcare services for international pilgrims and travelers.

DOC2US plans to invest US$1 mil to set up physical ops in Saudi Arabia, say sources

A woman pleaded not guilty at the Sessions Court here on Thursday to three charges of giving contradictory testimony to the Malaysian Anti-Corruption Commission (MACC).

Woman charged in a case involving Mitra funds pleads not guilty

Police arrested a freelance preacher on Thursday following a Facebook post allegedly containing seditious elements that could threaten public order.

Police arrest freelance preacher over alleged seditious post

Rescuers in Lithuania were digging on Thursday into a peat bog in a military training area to recover the vehicle of four US soldiers missing for two days.

Rescuers dig for missing US soldiers' vehicle in Lithuania

Ferrari NV plans to raise prices for some of its cars by as much as 10% to deal with US President Donald Trump’s latest auto tariffs.

The Italian manufacturer said on Thursday its profit margins may get squeezed, but confirmed its financial guidance for the year, reassuring investors.

Ferrari plans to raise US prices up to 10% after tariffs hit

Six Russians died on Thursday and 39 foreign tourists were rescued when a viewing submarine sank off the Egyptian Red Sea resort of Hurghada, the local governor's office said on Facebook, adding that no passengers or crew were still missing.

Six Russians dead, 39 tourists rescued after submarine sinks in Red Sea off Egypt

Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday.

Sapura Energy, Jati Tinggi, Keyfield, Bursa Malaysia, KPJ, Al-Aqar REIT, LSH Capital, HHRG, Cypark, Crescendo, Malakoff

The International Monetary Fund (IMF) sees the US economy shifting into a lower gear this year as President Donald Trump pushes forward with aggressive tariffs but doesn’t see a recession on the horizon.

IMF says US economy slowing but count out recession

E-commerce platform TikTok Shop said it will launch to users in France, Germany, and Italy on Monday, expanding its reach further into Europe even as TikTok faces being shut down in the US if Chinese owner ByteDance does not find an American buyer.

TikTok Shop steps up Europe expansion with US future unclear

NexG Bhd (KL:NEXG), formerly known as Datasonic Group Bhd, is now a substantial shareholder of MMAG Holdings Bhd (KL:MMAG) with a 9.53% stake.

NexG emerges as MMAG's substantial shareholder with 9.53% stake

Germany is getting €1 trillion (RM4.77 trillion) in additional funding virtually for free after bond markets reacted positively to its “historic” spending bill, Deutsche Bank AG chairman Alexander Wynaendts said.

Germany got €1 tril for free, says Deutsche Bank chairman

Former Malayan Banking Bhd (KL:MAYBANK) group president and chief executive officer Tan Sri Abdul Farid Alias, currently an independent director of Bursa Malaysia Bhd (KL:BURSA), has been appointed as the non-executive chairman of the stock exchange operator by the Minister of Finance, effective May 1.

Former Maybank CEO Farid Alias redesignated as Bursa non-executive chairman from May, replacing Abdul Wahid who is retiring

Amanah Saham Nasional Bhd (ASNB), a wholly owned unit trust company of Permodalan Nasional Bhd (PNB), has declared a total income distribution payout of RM2.18 billion for the financial year ending March 31, 2025 (FY2025).

ASNB declares RM2.18b distribution for FY2025, with ASB 2 at 5.50 sen per unit, ASM at five sen

Shares of Pos Malaysia Bhd (KL:POS) jumped on Thursday to their highest in more than three months&nbsp;in highly active trade.

Pos Malaysia's shares surged by as much as 36% or seven sen to 26.5 sen. The stock pared some gains to settle at 25.5 sen at market close, still up 30.8 sen or six sen after&nbsp;25.71&nbsp;million shares changed hands. The trading volume was its biggest in a single day since November 2020.

Pos Malaysia’s stock surges 36%, trading volume rises to over four-year high

Microsoft Corp&nbsp;has walked away from new data centre projects in the US and Europe that would have amounted to a capacity of about two gigawatts of electricity, according to TD Cowen analysts, who attributed the pullback to an oversupply of the clusters of computers that power artificial intelligence (AI).

Microsoft abandoned data centre projects — analysts

(March 27):&nbsp;Foreign investors sold Malaysian stocks for a 29th-straight session on Wednesday (March 26), the longest selling streak since June 2018, amid concerns over the nation’s artificial intelligence (AI)&nbsp;projects, as the US seeks to control advanced chip technology transfers.

Malaysian stocks record longest outflow streak since June 2018

Malaysia’s electrical and electronics (E&amp;E), rubber, furniture and optical and scientific equipment exports are the most vulnerable to tariffs the US is expected to impose on the “dirty 15” countries next week, according to UOB economists.

Malaysia's electronics, rubber, furniture exports most at risk from Trump's potential tariffs on 'dirty 15' — UOB

FROM a 10-storey blue-domed office building that overlooks a scenic lake in Jalan Tasik, The Mines Resort City, in Seri Kembangan, Selangor, oil and gas outfit Sapura Energy Bhd (KL:SAPNRG) — a Practice Note 17 company — has moved into the much older 40-storey Menara PNB in Jalan Tun Razak, which...

Cover Story: Is the worst really over for Sapura Energy?

KUALA LUMPUR (March 27): Petroliam Nasional Bhd, also known as Petronas, said on Thursday that it has issued a US$5 billion (RM22 billion) senior multi-tranche bond and proceeds would be used for general corporate purposes.

Petronas raises US$5b from its first dollar bond in four years

Sapura Energy Bhd (KL:SAPNRG) posted a net profit of RM405.68 million for its fourth quarter compared to a net loss of RM728.44 million a year earlier, helping the troubled oil and gas services group return to profitability for the full year.

Sapura Energy back in the black with RM190 mil full-year net profit  

Financial influencers, also known as finfluencers, will be subject to the guidelines on advertising for capital market products starting Nov 1.

Financial influencers will be regulated as capital market advertisers starting Nov 1

KUALA LUMPUR (March 27): A lawsuit has been filed by the former operator of KL Tower against Lim Seong Hai Capital Bhd's (KL:LSH) subsidiaries and the Malaysian government, challenging the award of the KL Tower concession to LSH Service Master Sdn Bhd.

The former operator of KL Tower — ...

Former KL Tower operator sues LSH Capital, govt over concession award

KPJ Healthcare Bhd (KL:KPJ) has proposed to inject two hospital properties into Al-'Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR) for a combined consideration of RM241 million via a sale-and-leaseback arrangement.

KPJ to inject two hospital assets into Al-Aqar Healthcare REIT

PERTH (March 27): Malaysia Airports Holdings Bhd (MAHB) is targeting to bring in more long-haul operations from Europe and other regions.

MAHB targets long-haul operations from European air carriers

A retired police officer who was previously the investigating officer of the 1Malaysia Development Bhd (1MDB) case, agreed with a question put to him in court on Thursday that former prime minister Datuk Seri Najib Razak was involved with&nbsp;the investment fund from as early as May 2009.

1MDB-Tanore trial: Retired investigator agrees Najib's involvement can be traced to 1MDB's origin as TIA in 2009

Lembaga Tabung Angkatan Tentera aims to trim its strategic assets to 35% of its total holdings over the next three years under the Project Earth restructuring plan.

LTAT to pare strategic assets to 35% of holdings in three years, says CEO

KUALA LUMPUR (March 27): Oasis Home Holding Bhd, which sells consumer products through livestream commerce, signed an agreement for MIDF Amanah Investment Bank to underwrite its Bursa Malaysia ACE Market initial public offering (IPO).

Oasis Home gets MIDF to underwrite ACE Market IPO, listing aimed for May

AirAsia has confirmed that there was no engine fire on flight AK128, which performed a safe air return to Kuala Lumpur International Airport (KLIA) Terminal 2 on Thursday morning, approximately two hours after takeoff.

AirAsia confirms no engine fire on flight AK128

Prime Minister Datuk Seri Anwar Ibrahim has directed the National Cyber ​​Security Agency and the National Security Council to work closely with Malaysia Airports Holdings Bhd (MAHB), following a cyberattack on MAHB's digital system.

PM directs close cooperation with MAHB after cyberattack

Malakoff Corp Bhd (KL:MALAKOF) said on Thursday that it has secured the second phase of its solar energy contract with sister company Northport (Malaysia) Bhd.

Malakoff gets second phase of solar energy contract from sister company Northport

US President Donald Trump’s planned tariffs on auto imports will hurt carmakers around the world, and push up prices for US consumers. Among the many losers, one winner stands out: Elon Musk’s Tesla Inc.

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