The spirit of camaraderie inspired RHB Bank Bhd’s team to enter this year’s race. This includes group chief internal auditor Alex Tan Aun Aun, who is taking part in CEO (chief executive officer) Race for the first time.

“Yes, this is my first time taking part in the Rat Race. What motiv...

RHB Bank inspired by the spirit of camaraderie

WCT Holdings Bhd director of finance and accounts Chong Kian Fah is running the Rat Race for the fourth time this year. He said he enjoys meeting and running alongside other corporate representatives.

“I look forward to making new friends through the race and, maybe, taking part in othe...

WCT looking forward to doing their bit for charity

For Mulia Property Development Sdn Bhd, the Kuala Lumpur Rat Race 2018 is a great platform to get to know the rest of Malaysia’s corporate family.

“Our company is relatively new in Malaysia but we have heard great things about the race from our Malaysian colleagues.

“We decide...

An icebreaker for Mulia Property Development

JKG Land Bhd’s participation in The Edge Kuala Lumpur Rat Race marks the beginning of the company’s involvement in major charitable events, said managing director Datuk Teh Kean Ming.

He said helping the underprivileged is one of JKG Land’s corporate social responsibility (CSR) programm...

JKG Land shows strong support for charity

Citibank is all set to take part in The Edge Kuala Lumpur Rat Race for the third time, all in the name of a good cause.

Its runners are no rookies as they have participated in marathons and ultra-marathons in the country and abroad.

“Citibank employees are always encouraged to...

Seasoned Citibank team raring to go

Mah Sing Group Bhd plans to spice things up by running the Rat Race in red. The team is proudly sporting the developer’s new corporate T-shirt.

First-time runner Qurniawan Imran, who is with the internal audit department, said: “This year, I feel a true sense of togetherness. For the fi...

Mah Sing is running in red

Sporting activities, such as running, cycling and swimming, are a passion of CIMB Bank’s runner in the CEO (chief executive officer) category of the Rat Race. He believes firmly in leading a healthy lifestyle and keeping fit.

“It is a fun event and I get to spend time with colleagues an...

CIMB racing with a passion

Sporting excellence is a proud tradition at Sime Darby Plantation, and though it is entering a team in the Rat Race for the first time, they are seasoned sportsmen and women.

Arulmi Mokhtar said running marathons and taking part in team-orientated races gives him a real buzz. But he tak...

Seasoned runners from Sime Darby Plantation turn out for a good cause

A universal rule is that “good deeds are contagious”. And the staff of property group MKH Bhd shares this mantra, which is why they are eager to take part in The Edge Kuala Lumpur Rat Race.

“I entered for the good cause the event is supporting,” said MKH deputy property director Datuk K...

MKH is paying it forward

Regional telecommunications conglomerate Axiata Group Bhd is taking up the challenge of the Rat Race’s Padang Merbok route.

Senior corporate counsel Kartini Azni Abdul Aziz is making her debut in the charity run, motivated by the opportunity to run with friends and challenge herself.

Axiata ready for the challenge

Representing MCIS Insurance Bhd in this year’s CEO (chief executive officer) category is its chief operations officer Susan Conradie.

“Brilliant” is the word Conradie used to describe the concept of getting CEOs to run for charity.

“A mischief of rats, pursuing each other and ...

MCIS’ team mostly first-timers

The Nestlé Malaysia team is excited to be back again this year as it gave a good showing in its first appearance at last year’s The Edge Kuala Lumpur Rat Race where it finished second in the Mixed category.

This year, the team has promised to make a stronger appearance.

Chong ...

Nestlé Malaysia looking to improve on its performance

Nation-building is a continuous process and a subject dear to the hearts of the staff of PPB Group Bhd, one of the country’s largest and most successful conglomerates.

The group is sending a team of novice runners to The Edge Kuala Lumpur Rat Race this year to experience the fun at the ...

PPB does its part in nation-building

As a responsible corporate citizen, Glomac Bhd is mindful of the need to balance its economic aspirations with important community and environmental considerations in order to ensure a sustainable future for the group. Joining The Edge Kuala Lumpur Rat Race for the 17th time, Glomac has been a lo...

Glomac aspires to balance economic aspirations and community development

Datuk Seri Wong Sze Chien and Seah Ley Hong have emerged as substantial shareholders of property developer Magna Prima Bhd (KL:MAGNA) through their private vehicle, Edxus Solutions Sdn Bhd.

Magna Prima sees new substantial shareholders

The Control of Smoking Products for Public Health Act 2024 (Act 852) that was gazetted on Feb 2 will take effect, together with its regulations and orders, on Tuesday.

Control of Smoking Products for Public Health Act 2024 takes effect on Tuesday

SoftBank Group Corp’s Vision Fund is planning to invest US$500 million (RM2.06 billion) in OpenAI as part of a larger funding round, The Information reported on Monday, citing a person familiar with the deal.

SoftBank to invest US$500m in OpenAI, Information reports

Australian home values rose in September — traditionally a strong month for sales — though the rate of growth remained steady amid increased supply and mounting affordability concerns.

Market bellwether Sydney advanced 0.2%, taking its median price to a fresh high of A$1.19 million (RM3.38 million), property consultancy CoreLogic Inc said on Tuesday.

Australia’s home price growth holds steady at elevated level

Wall Street's main indices were mixed on Monday, as investors paused after a rally in the previous week, and exercised caution ahead of numerous job reports and comments through the week from Federal Reserve (Fed) policymakers, including chair Jerome Powell.

Wall St mixed ahead of data-loaded week; Powell's comments awaited

Christine Lagarde said the European Central Bank (ECB) is becoming more optimistic that it will be able to get inflation under control, and will reflect on that at its October decision on interest rates.

The president’s comments to lawmakers in the European Parliament in Brussels on Monday amount to the strongest hint yet from her of possible momentum gathering among officials towards a cut.

ECB getting more confident of taming inflation, says Lagarde 

As the US and China square off over everything from tech to military might, Ford Motor Co has emerged as the American firm most at risk from its exposure to the world’s No 2 economy, according to Strategy Risks, beating the likes of Apple Inc and Tesla Inc.

Ford most at risk from China exposure among 250 American firms

China’s overseas investment hit a record high as its companies look to build more factories abroad, potentially helping to ease criticism of Beijing’s export policies.

Chinese firms increased their overseas assets by about US$71 billion (RM293.88 billion) in the second quarter, according to revised data from the State Administration of Foreign Exchange (SAFE) on Monday.

China’s investment abroad jumps to record with US$71 bil jump

AME Elite Consortium Bhd (KL:AME) is planning to establish a sukuk wakalah programme, with a total value of up to RM1.8 billion.

Its wholly owned subsidiary AME Capital Sdn Bhd submitted a proposal to the Securities Commission Malaysia on Monday for the establishment of an Islamic medium-term notes (IMTN) programme valued at up to RM1.5 billion, as well as a separate Islamic commercial papers (ICP) programme of up to RM300 million.

AME Elite to establish sukuk wakalah programme of up to RM1.8 bil

Germany’s government is poised to cut its prediction for Europe’s biggest economy, and now expects no expansion at all this year, according to people familiar with the matter.

Officials in Berlin are set to lower their forecast for growth in 2024 to — at best — stagnation, down from 0.3% previously projected, said the people, who declined to be identified because the predictions remain confidential for now.

Germany giving up hope of achieving any growth in 2024 — Bloomberg

Singapore’s High Court approved former oil tycoon Lim Oon Kuin’s agreements to pay about US$3.59 billion (RM14.8 billion) to the liquidators of his company and creditor HSBC Holdings Plc, ending the multi-year civil cases against him and his family.

Former Singapore oil mogul to pay liquidators, HSBC US$3.6b

The National Audit Department (NAD) will be auditing 2,000 government-linked companies (GLCs) beginning next year, in&nbsp;an effort to create a new era of enhanced governance in Malaysia, said Auditor General Datuk Wan Suraya Wan Mohd Radzi.

Govt to audit 2,000 GLCs next year, with 'no entity left behind'

Dagang NeXchange Bhd (KL:DNEX) said on Monday that it is&nbsp;partnering with Singapore-based&nbsp;Google Asia Pacific Pte Ltd to provide sovereign cloud services in the country.

DNeX partners Google to provide cloud services in Malaysia

The Malaysia Competition Commission (MyCC) said on Monday investigation found 81 enterprises allegedly involved in a price-fixing agreement for the provision of Umrah travel services.

MyCC probe finds 81 enterprises fixing prices of Umrah travel services

Analysts foresee a substantial rise in deposits at Affin Bank Bhd (KL:Affin) after the Sarawak government raised total ownership in the bank to 31%, becoming its largest shareholder.

Analysts expects CASA surge for Affin Bank after Sarawak govt ups stake

Toh Puan Na'imah Abdul Khalid has called on the police to investigate Prime Minister Datuk Seri Anwar Ibrahim for alleged abuse of power, conspiracy and criminal conduct.

Daim’s wife wants police to investigate Anwar

Animal spirits are back in&nbsp;China's stock market as investors rush into equities, galvanised by Beijing's policy bonanza and driven by fear of missing out on what some see as a rally of historic intensity.

Chinese investors rush into stocks for fear of missing out on epic rally

Kawan Food Bhd (KL:KAWAN) said it is closing its manufacturing facility in China, due to the impact of US tariffs and limited room for expansion.

Kawan Food to close China plant due to US tariff impact, limited room for expansion

FIVE banks are said to be exploring a potential acquisition of Islamic lender Kuwait Finance House (M) Bhd’s (KFH Malaysia) retail banking portfolio in Malaysia, sources say.

“A request for proposal was sent [by KFH Malaysia] to banks and we gather that five seem to be interested — two ...

Five banks said to be keen on Kuwait Finance House Malaysia’s retail portfolio 

Cape EMS Bhd (KL:CEB)&nbsp;said on Monday that its executive director&nbsp;Lim Chue Wan&nbsp;had resigned due to health reasons.

Lim, 57, joined Cape EMS'&nbsp;board as the director of corporate, finance, and accounts in 2020, before taking on the role of an executive director in March 2022, the Johor-based electronics manufacturing services provider said in a bourse filing.

Cape EMS executive director Lim Chue Wan resigns

Malaysia needs to rationalise subsidies for RON95 petrol next year or risk greater fiscal burden after the government decided to raise civil servants’ salaries, said the Australia &amp; New Zealand Banking Group.

Govt needs to rationalise RON95 subsidies next year or risk greater burden after pay hike for civil servants — ANZ

Tenaga Nasional Bhd (TNB) (KL:TENAGA) has named former MMC Corp Bhd group chief financial officer (CFO) Badrulhisyam Fauzi as its new CFO with effect from Jan 1, 2025.

He will replace Nazmi Othman, 60, whose employment contract will expire on Dec 31, 2024, according to TNB's bourse filing on Monday.

TNB appoints new CFO from MMC Corp

KUALA LUMPUR (Sept 30): Uzma Bhd’s (KL:UZMA) unexpected proposed dividend, its first in 10 years, signals a sustainable outlook for the oil and gas services firm, Phillip Capital said on Monday.

Uzma’s surprise proposal of first dividend in a decade signals sustainable outlook — Phillip Capital

(Sept 30): Malaysia's ringgit climbed on Monday against the dollar to hit its highest in more than three years as additional Chinese stimulus measures over the weekend propped up sentiment for regional currencies and extended a sharp rally in China stocks.

The ringgit rose as much as 0....

Ringgit gains most among Asian FX, Chinese stocks soar

The official reserve assets amounted to US$116.77 billion (RM481.6 billion), while other foreign currency assets amounted to US$88.9 million as at end-August 2024, said Bank Negara Malaysia (BNM).

BNM: Malaysia’s official reserve assets at US$116.7b as of end-August 2024 

Astro Malaysia Holdings Bhd (KL:ASTRO) posted a net profit of RM54.71 million in the second quarter ended July 31, 2024 (2QFY2025), its best quarterly results since the quarter ended January 2023, on the back of lower expenses, and better finance costs on favourable foreign exchange impact.

Astro posts best quarter since January 2023 on lower expenses, better finance costs

The government will shift to a more meaningful measurement of poverty based on the concept of net disposable income (NDI) as the basis for identifying target groups for aid distribution, said Datuk Seri Anwar Ibrahim.

Anwar: Net disposable income to form basis of govt’s aid distribution moving forward

TCS Group Holdings Bhd (KL:TCS) has secured a contract worth RM116.58 million from a subsidiary of S P Setia Bhd (KL:SPSETIA).

It involves building and related infrastructure works for 561 units of affordable housing as part of the Setia Bayuemas project in Klang, Selangor.

TCS secures RM117 mil construction contract from S P Setia

THE technology sector has gone on a wild swing in 2024, erasing almost all of its gains so far this year. At its height in mid-July, the Bursa Malaysia Technology Index was trading at 55 times price-earnings ratio, easing to 37 times PER at present, which is within its historical average of 38 ti...

Potential upside in local tech stocks despite short-term challenges

KUALA LUMPUR (Sept 30): The Malaysian Aviation Commission (Mavcom) has received a total of 2,083 complaints, marking a 32% year-on-year (y-o-y) decease in the number of complaints filed for the first six-month period of this year (1H2024), according to its 16th issue of its&nbsp;bi-annual consumer report.&nbsp;&nbsp;

KL Rat Race 2018

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KL Rat Race 2018

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