<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 22): Texchem Resources Bhd has appointed former Malaysian Investment Development Authority (Mida) chief executive officer Datuk Azman Mahmud to its board as an independent non-executive director effective Jan 1, 2023.</p></div>

<div class=newsTextDataWrapInner><p>Azman's appointment comes as independent non-executive director Datuk Seri Nazir Ariff Mushir Ariff is set to exit Texchem's board on Dec 31 with his retirement, according to the Sushi King owner and operator's Bursa Malaysia filing on Thursday (Dec 22).</p></div>

<div class=newsTextDataWrapInner><p>Azman, 61, served as Mida's CEO for seven years from Feb 10, 2014 until his retirement on April 1, 2021. Prior to that, he held various positions across many divisions within the government agency since 1989.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Presently, Azman also holds various board positions in several publicly listed companies, namely Panasonic Manufacturing Malaysia Bhd, Privasia Technology Bhd, GDEX Bhd and Cnergenz Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Besides food, Texchem is primarily involved in dyestuffs, textile auxiliaries and chemicals.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Texchem ended Thursday down four sen or 1.79% at RM2.19, giving the group a market capitalisation of RM276.76 million.</p></div>


Texchem Resources Bhd has appointed former Malaysian Investment Development Authority chief executive officer Datuk Azman Mahmud to its board as an independent non-executive director effective Jan 1, 2023.

Ex-Mida CEO to join Texchem board on Jan 1

(March 21): New York Federal Reserve president John Williams said on Friday the US central bank's monetary policy is in the right place at this time, given how the economy is performing in an environment where the outlook is quite uncertain.

"There is certain uncertainty in monetary pol...

US Fed's Williams says monetary policy in right place amid notable uncertainty

Bursa Malaysia Derivatives Bhd is set to relaunch its single stock futures (SSF) contract next Monday (March 24).

Bursa Malaysia Derivatives' revamped single stock futures contract set for March 24

Jentayu Sustainables Bhd (KL:JSB) said it has incurred a total cost of RM6.35 million due to the termination of its proposed acquisition of hydro assets in Sabah.

Jentayu Sustainables incurs RM6.35m cost from aborted hydro asset acquisition

Canadian consumers pared back their spending for a second straight month amid trade war uncertainty, partially reversing a year-end boost in sales after a federal sales tax was paused.

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FedEx's shares fell 8% pre-market on Friday after the parcel delivery firm cut its annual forecasts, fanning worries about the health of US manufacturing amid uncertainty from the Trump administration's sweeping tariffs on trading partners.

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European and world shares fell on Friday but were set for a weekly gain, and the euro steadied just shy of a five-month high, as investors finished a busy week without much more clarity on the big market questions than they had at the start.

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Private infrastructure investors are snatching up green bargains in what’s emerged as a buyer’s market for wind, solar and battery projects.

The moves follow a a slump in clean-energy stocks, as US President Donald Trump’s call for more fossil-fuel power generation has sent a chill through the sector and boosted Big Oil’s plans to pivot back to core business.

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Hedge funds added more bearish positions than bullish ones in March than at any time since 2020, doubling down on bets that US stocks have further to fall, according to a Goldman Sachs note sent to clients on Thursday.

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AstraZeneca plc will invest US$2.5 billion (RM11.06 billion) in a new research centre in Beijing, in a major show of commitment to China just months after the company’s top executive there was detained by authorities.

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China's central bank will cut banks' reserve requirement ratio and interest rates at the "appropriate time" and strengthen the resilience of its forex market, it said on Friday during a quarterly meeting of its monetary policy committee.

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<p>Genting Bhd (KL:GENTING) has agreed to pay a fine of US$10.5 million (RM46.41 million) to the Nevada Gaming Commission as part of a settlement for a complaint against its Las Vegas resort.</p>


Genting agrees to RM46m fine as part of settlement for complaint against Las Vegas resort  

<p>Malaysia Airlines’ parent Malaysia Aviation Group Bhd (MAG) is acquiring another&nbsp;30 new Boeing aircraft&nbsp;for the second stage of its fleet renewal strategy.</p>


Malaysia Airlines’ parent opts for 30 new Boeing aircraft for second stage of fleet renewal

<p>Nestlé (Malaysia) Bhd (KL:NESTLE) on Friday broke ground for a RM250 million integrated logistics hub in Port Klang.</p>

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Nestlé Malaysia breaks ground for RM250m regional logistics hub in Port Klang

<p>Top Glove Corporation Bhd (KL:TOPGLOV) will likely turn in smaller-than-expected profits for fiscal 2025, analysts said while flagging rising risk from Chinese rivals.</p>


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<p>The federal government announced on Friday it will distribute cash totalling RM900 million to eligible serving civil servants and public pensioners under a special Aidilfitri Financial Assistance programme.</p>


Govt to hand out RM900 mil cash to civil servants, public retirees for Aidilfitri

<p>Boeing Global president Brendan Nelson has announced that the company will increase its Malaysian workforce by 20% over the next two years, reinforcing its commitment to the country’s aerospace industry.</p>


Boeing to increase Malaysian workforce by 20% as part of expanded partnership with Malaysia Airlines

<p>GX Bank Bhd, Malaysia’s first digital bank, commands the largest share of customer deposits among operational digital banks with RM2.16 billion deposits as of September 2024, according to RAM Ratings.</p>


GXBank tops digital banking sector deposits with RM2.16 bil as of September 2024 — RAM Ratings

<p>China’s imports of US cotton, cars and some energy products all plunged in the first two months of the year after President Donald Trump started imposing tariffs and Beijing retaliated.</p>


China imports of US commodities, cars collapse in new trade war

<p>A pro-Beijing newspaper has called on CK Hutchison Holdings Ltd to pull out from an agreement to sell its ports on the Panama Canal to a group led by BlackRock Inc, marking an escalation of a pressure campaign on billionaire Li Ka-shing over the deal.</p>


Pro-Beijing paper urges Li Ka-shing to scrap Panama port sale

<p>Lembaga Tabung Haji declared a profit distribution rate of 3.25% after zakat for the financial year ended Dec 31, 2024 (FY2024), breaking its previous four-year streak of declaring 3.1%.</p>


Tabung Haji declares 3.25% profit distribution for FY2024

<p>Read more in the March 24 edition of The Edge Malaysia Weekly.</p>


Trumpianomics: The Art of Coercion

<p>MSB Global Group Bhd, an aftermarket automotive parts and components distributor, on Friday launched its initial public offering (IPO) that could raise up to RM41.4 million from the ACE Market.</p>


Autopart distributor MSB Global sets ACE Market IPO price at 20 sen per share

<p>DRB-Hicom Bhd (KL:DRBHCOM) has been spared from a potential RM246.25 million tax bill after the Inland Revenue Board (IRB) ruled in favour of the automotive-to-banking conglomerate’s appeal, reversing its decision to classify the gain from the disposal of its long-held stake in Alam Flora Sdn Bhd as income.</p>


DRB-Hicom spared RM246 mil tax bill after IRB rules in favour of appeal

<p>Capital A Bhd (KL:CAPITALA) said the High Court has confirmed its issued share capital reduction and repayment, paving the way for the low-cost airline’s proposed distribution.</p>


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<p>Malaysia’s headline inflation slowed in February 2025 as food prices stabilised while housing and utilities costs moderated, according to official data released on Friday.</p>


Malaysia's February inflation slows as housing, utilities costs moderate, official data show

<p>The Consumer Credit Bill 2025, which is expected to be gazetted by the end of this year, will require buy now, pay later (BNPL) providers to report consumer borrowing data to credit rating agencies.</p>


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<p>The Attorney General's Chambers (AGC) has applied to strike out the government, along with Prime Minister Datuk Seri Anwar Ibrahim, as parties in Datuk Seri Mukhriz Mahathir's ongoing legal action over additional taxes and subsequent penalty of about RM5 million.</p>


Anwar, govt seek to be removed from Mukhriz's legal challenge over RM5 mil additional taxes

<p>Britain's Heathrow Airport was shut on Friday after a huge fire at a nearby electrical substation knocked out its power, disrupting flight schedules around the world.</p>


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<p>Trump says people that get caught sabotaging Teslas will stand a very good chance of going to jail for up to 20 years, and that includes the funders — Truth Social post</p>


Trump says people that get caught sabotaging Teslas will stand a very good chance of going to jail for up to 20 years, and that includes the funders — Truth Social post

<p>Luxury retailer Bonia Corporation Bhd (KL:BONIA) said it is raising its stakes in a property investment subsidiary and an associate operating seafood restaurant for a combined RM13.16 million.</p>
