A total of 618 or 65.3% of listed companies on Bursa Malaysia have an audit committee that comprises solely independent directors as of Aug 31, 2021, the Securities Commission Malaysia (SC) revealed.

SC CG Monitor 2021: About 65% of listed companies have audit committee comprising solely independent directors

KUALA LUMPUR (Nov 24): Come early 2022, the tenure of an independent director on the boards of Bursa Malaysia-listed companies will be limited to 12 years, following amendments to the Main Market and ACE Market Listing Requirements issued by Bursa Securities.

The move is in recognition ...

SC CG Monitor 2021: Terms for independent directors to be capped at 12 years in early 2022

All board members actively participate in board discussions of public listed companies (PLCs), according to the majority (60%) of 325 chairmen of listed companies on Bursa Malaysia surveyed.

SC CG Monitor 2021: Majority of board members actively participate in board discussions

There is a risk of progress plateauing in relation to gender diversity on boards of Bursa Malaysia-listed companies, according to the Securities Commission Malaysia (SC).

SC CG Monitor 2021: Marginal improvement to achieving gender diversity on boards

KUALA LUMPUR (Nov 24): The detailed disclosure of senior management remuneration on a named basis remained the lowest adoption among practices in the Malaysian Code on Corporate Governance (MCCG), with only 5% or 43 of listed companies on Bursa Malaysia adopting the practice last year, said the Securities Commission Malaysia (SC).

SC CG Monitor 2021: ‘Most companies still reluctant to disclose remuneration of senior executives’

US President Donald Trump has rejected Iran's proposal to reopen the Strait of Hormuz and halt regional fighting within seven days, and told aides he expects to resume bombing after November congressional elections, The Wall Street Journal reported on Friday, citing unnamed US officials.

Trump rejects Iranian peace proposal, WSJ reports

Alabama said on Friday it had reached a settlement with TikTok and its Chinese parent company, ByteDance, that requires the social media platform to impose new usage limits and enhanced age-verification measures for users in the state, resolving claims that the platform endangered children and misled consumers about its safety.

TikTok reaches first state settlement over teen safety claims, agrees to user limits

US Treasury yields stabilised on Friday with benchmark 10-year note yields edging lower on the day as oil prices dropped, after they earlier set fresh multi-decade highs, with traders pricing in further Federal Reserve (Fed) interest rate hikes.

Battered bonds draw support from falling oil prices; stocks buoyed by AI enthusiasm

Chipmaker SK Hynix's Solidigm is considering an initial public offering (IPO) as early as next year that could value the US subsidiary at up to US$150 billion (RM611 billion), according to three people familiar with the matter.

SK Hynix's Solidigm weighs IPO that could value the unit at up to US$150 bil, sources say

OpenAI’s artificial intelligence (AI) models accessed publicly available information from US government websites, including those of the Census Bureau and the Securities and Exchange Commission (SEC).

OpenAI’s models accessed public US census, SEC data

Prime Minister Datuk Seri Anwar Ibrahim heads into the Budget 2027 announcement on Oct 9 facing narrowing fiscal room, as higher fuel subsidies, a growing debt-servicing burden and the possibility of an early general election complicate the government’s efforts to keep fiscal consolidation on track.

Double cover: Budget 2027’s narrowing fiscal space + Credit under watch

Joe Baratta, the billionaire Blackstone Inc executive and long-time face of its signature buyout fund, is leaving the alternative asset manager by year end after 28 years.

Blackstone’s PE chief Joe Baratta leaving firm

US President Donald Trump will host an event with tech and AI leaders on Tuesday to launch a new government website, as his administration faces pressure to adopt new guardrails for the use of artificial intelligence (AI).

Tech, AI leaders to join Trump for launch of govt website

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

Vantris, Insas, Inari Amertron, Teck Guan, Willowglen, TSH Resources, Yinson, MISC, Favelle Favco, Kinergy, Kawan Renergy, EWI Capital, Taghill 

Insas Bhd (KL:INSAS) is planning to dispose of its entire remaining 5.65% stake in Inari Amertron Bhd (KL:INARI), valued at roughly RM580 million, to raise cash for working capital and repay credit facilities.

Insas plans to sell entire remaining 5.65% stake in Inari Amertron worth RM580 mil

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

Insas Bhd (KL:INSAS) is planning to dispose of its entire remaining 5.65% stake in Inari Amertron Bhd (KL:INARI), valued at roughly RM580 million, to raise cash for working capital and repay credit facilities.

Roofing and building material products manufacturer and supplier Astino Bhd's (KL:ASTINO) net profit rose 17.8% in the fourth quarter, helped by a higher-margin export sales mix, despite lower revenue. 
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Astino 4Q profit rises 17.8% on stronger export sales 

Construction firm Taghill Holdings Bhd (KL:TAGHILL) signed a joint-venture agreement on Friday to develop a residential project on a Malay reservation land in Kelantan, with an estimated gross development value (GDV) of RM191.7 million. 
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Taghill enters joint venture to develop Kelantan land with estimated RM192 mil GDV

Manchester City have been found guilty of all but one of the 115 alleged breaches of the Premier League's financial rules, The Athletic and The Times reported on Friday.

Man City found guilty on all but one of 115 charges, reports say

Wall Street's main indices inched higher on Friday as AI optimism buoyed sentiment despite elevated oil prices and rising Treasury yields, while investors watched efforts to secure a deal to end the Middle East conflict.

Wall Street edges up as AI enthusiasm eases worries over higher oil prices, yields

US consumer sentiment fell in September to a four-month low amid deepening worries about rising prices and the outlook for the economy. 
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US consumer sentiment falls on concerns about prices, economy

The United States is expected to release details on the outcome of trade negotiations with China on Monday, US Trade Representative Jamieson Greer said on Friday.

Details on US, China trade talks to come on Monday, says Greer

US Treasury yields stabilised on Friday with benchmark 10-year note yields edging lower on the day as oil prices dropped, after they earlier set fresh multi-decade highs, with traders pricing in further Federal Reserve (Fed) interest rate hikes.

Prime Minister Datuk Seri Anwar Ibrahim heads into the Budget 2027 announcement on Oct 9 facing narrowing fiscal room, as higher fuel subsidies, a growing debt-servicing burden and the possibility of an early general election complicate the government’s efforts to keep fiscal consolidation on track.

Indonesia will establish a National Peatland and Mangrove Management Agency (BPGMN) to strengthen efforts to prevent recurring forest and land fires, particularly in peatland areas.

Indonesia to establish new agency to curb wildfires 

Chipmaker SK Hynix's Solidigm is considering an initial public offering (IPO) as early as next year that could value the US subsidiary at up to US$150 billion (RM611&nbsp;billion), according to three people familiar with the matter.