<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 18): Bintai Kinden Corp Bhd has redesignated its executive director Ku Chong Hong as managing director, effective Wednesday (Jan 18).</p></div>

<div class=newsTextDataWrapInner><p>He was first appointed to Bintai Kinden’s board as an executive director 11 months ago, on Feb 24, 2022.</p></div>

<div class=newsTextDataWrapInner><p>In 2019, he was the group accountant in June before being appointed head of finance and accounts two months later in September.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>He has over eight years of experience as an auditor with exposure to audit and assurance as well as business advisory in a broad spectrum of industries such as property development, construction, manufacturing, trading, poultry, agriculture, aquaculture, service provider, trading of software and real estate.</p></div>

<div class=newsTextDataWrapInner><p>Besides Bintai Kinden, Ku is also a director of Sarawak Consolidated Industries Bhd and Malaysian Genomics Resources Bhd.</p></div>

<div class=newsTextDataWrapInner><p>“Bintai Kinden will continue to focus on our core business in the mechanical and electrical engineering segment and endeavour to secure more opportunities and recurring projects in Malaysia which are able to contribute positively to the future earnings of the group,” he said in a statement.</p></div>

<div class=newsTextDataWrapInner><p>At the time of writing on Wednesday, Bintai Kinden was unchanged at 9.5 sen, with a market value of RM73.55 million.</p></div>


Bintai Kinden Corp Bhd has redesignated its executive director Ku Chong Hong as managing director, effective Wednesday (Jan 18).

He was first appointed to Bintai Kinden’s board as an executive director 11 months ago, on Feb 24, 2022.

Bintai Kinden redesignates ED Ku Chong Hong as MD

Stocks climbed as Treasuries halted a selloff that drove 10-year yields near 4.5%, with traders keeping a close eye on news around President-elect Donald Trump’s administration.

Nasdaq 100 halts five-day slide as US Treasuries gain

Confidence among US homebuilders advanced to a seven-month high in November on a jump in sales expectations and optimism a Trump administration will ease regulatory burdens.

A gauge of housing market conditions from the National Association of Home Builders (NAHB) and Wells Fargo climbed three points to 46 this month, exceeding all estimates in a Bloomberg survey of economists.

US homebuilder sentiment reaches seven-month high after election

An undersea data cable connecting Finland and Germany was severed in the early hours of Monday by what was likely an external impact, authorities in the Nordic country said.

The 1,200km (750-mile) high-speed fibre optic Helsinki-Rostock link serving data centres is damaged in the Baltic Sea east of southern Sweden, and there’s a high likelihood that it’s completely cut as all of its fibre connections are down, executives of its owner and operator Cinia Oy said at a news conference.

Finland says subsea Germany link serving data centres is cut

The only alternative to the UN Palestinian relief agency in Gaza is to allow Israel to run services there, its chief said on Monday, repeating calls for states to resist an Israeli ban.

No alternative to UNRWA in Gaza besides Israel, says agency chief 

Brazil's President Luiz Inacio Lula da Silva opened the summit of the Group of 20 (G20) major economies on Monday with the launch of a global alliance to combat poverty and hunger that 81 countries have agreed to back.

G20 summit kicks off with global pact to fight hunger, poverty

Oil prices rose on news on Monday that output at Norway's giant Johan Sverdrup oilfield has been halted, adding to earlier gains stemming from escalation in the Russia-Ukraine war.

Oil prices rise on Sverdrup outage, Ukraine war escalation

Here is a brief recap of some corporate announcements that made the news on Monday.

CelcomDigi, Ajinomoto, Master Tec, TMC Life Sciences, Perak Transit, UEM Sunrise, EA Technique, AWC, Johor Plantations, Berjaya Corp, REDtone, Mercury Industries, TCS Group, MMAG, Pecca, and OM Holdings

Members of President-elect Donald Trump’s transition team have told advisers they plan to make a federal framework for self-driving vehicles one of the Transportation Department’s priorities, according to people familiar with the matter.

Trump team is seeking to ease US rules for self-driving cars, Bloomberg reports

Wall Street's main indexes were mixed on Monday, as investors looked ahead to earnings from AI-chip leader Nvidia following a rout the previous week on apprehensions about Donald Trump's cabinet appointments and the central bank's policy path.

Wall Street indexes mixed; Nvidia earnings, Fed policy in focus

The new leadership change in the US is expected to affect the global trade landscape, particularly in trade relations between the US and China.

The Ministry of Investment, Trade and Industry (Miti) said that should the geopolitical issues continue, there is a greater opportunity for other countries such as Malaysia to become alternative destinations for multinational companies to increase or start their investments.

US-China trade war can boost Malaysia's chances to be multinational investment destination — Miti

<p>Businessman Chung Chee Yang, who emerged as Cape EMS Bhd’s (KL:CEB) substantial shareholder last week, has mopped up an additional 3.39 million shares in the company.</p>


Cape EMS’s new substantial shareholder Chung Chee Yang continues to raise stake

<p>Here is a brief recap of some corporate announcements that made the news on Monday.</p>


<p>Johor Plantations Group Bhd (KL:JPG) said on Monday that it has appointed Johor Corporation (JCorp) affiliated company JL Projects Sdn Bhd as the project manager consortium (PMC) for the construction of its integrated sustainable palm oil complex (ISPOC) for RM30.99 million.</p>


Johor Plantations appoints JCorp unit to oversee construction of integrated refinery in Kota Tinggi

<p>Here’s a quick look at some of the stories that made headlines today.</p>


EVENING 5: Five things you need to know today

<p>Ajinomoto (Malaysia) Bhd's (KL:AJI) net profit surged 76.66% to RM18.29 million in the second quarter ended Sept 30, 2024 (2QFY2025), from RM10.35 million a year ago, helped by stronger sales from both consumer business and industrial business segments, and lower raw material costs.</p>


Ajinomoto's 2Q profit jumps 77% on higher sales, lower raw material costs

<p>Berjaya Corp Bhd (KL:BJCORP), or BCorp, said it has sold 32 million shares or 4.14% equity stake in REDtone Digital Bhd (KL:REDTONE) on Monday, for RM29.76 million in cash.</p>


BCorp trims 4.14% stake in REDtone, to book RM7.7m gain

<p>Singapore police ended their pursuit of 15 people involved in the country’s largest-ever money laundering scandal, after the suspects agreed to surrender a total of S$1.85 billion (US$1.4 billion or RM6.26 billion) worth of assets to authorities.</p>


Singapore ends pursuit of money launderers who forfeited US$1.4 bil

<p>Pecca Group Bhd (KL:PECCA) has on Monday declared a special dividend of 1.5 sen per share for the financial year ended June 30, 2024 (FY2024), which amounts to RM11.28 million.</p>


Pecca declares 1.5 sen special dividend, total dividend amounts to 6.5 sen per share

<p>Wall Street's main indexes were mixed on Monday, as investors looked ahead to earnings from AI-chip leader Nvidia following a rout the previous week on apprehensions about Donald Trump's cabinet appointments and the central bank's policy path.</p>


<p>Electrical engineering services provider HE Group Bhd (KL:HEGROUP)&nbsp; which was listed on the ACE Market in January, reported a 32.38% jump in its third quarter net profit, thanks to increased contribution from higher-margin projects, particularly in the electrical equipment hook-up and retrofitting segment.</p>


HE Group’s 3Q profit jumps 32% on higher-margin projects

<p>Pharmaceutical company YSP Southeast Asia Holding Bhd (KL:YSPSAH)’s net profit fell 41.9% to RM3.47 million in the third quarter ended Sept 30, 2024 (3QFY2024), from RM5.98 million a year ago, dragged by foreign exchange (forex) loss and lower sales.</p>


YSP's 3Q profit falls 42% on forex losses, lower sales

<p>Perak Transit Bhd’s (KL:PTRANS) net profit grew 6.72% year-on-year to a record high in the third quarter, thanks mainly to higher fees received from terminal development services as well as rental income and revenue sharing contributions from its terminals’ tenants.</p>

<p>The integrated public transportation terminal (IPTT) operator’s net profit for the three months ended Sept 30, 2024 (3QFY2024) rose to RM17.71 million — up 6.72% from RM16.6 million a year ago — marginally eclipsing its previous quarterly record earnings of RM17.69 million in 2QFY2024, according to the company’s bourse filing.</p>


Perak Transit’s 3Q net profit up 6.7%; declares 0.5 sen dividend

<p>Industrial automation and power systems provider Swift Energy Technology Bhd has entered into an underwriting agreement with M&amp;A Securities Sdn Bhd for its initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.</p>


ACE Market-bound Swift Energy inks underwriting agreement with M&A Securities

<p>The new leadership change in the US is expected to affect the global trade landscape, particularly in trade relations between the US and China.</p>

<p>The Ministry of Investment, Trade and Industry (Miti) said that should the geopolitical issues continue, there is a greater opportunity for other countries such as Malaysia to become alternative destinations for multinational companies to increase or start their investments.</p>


<p>An undersea data cable connecting Finland and Germany was severed in the early hours of Monday by what was likely an external impact, authorities in the Nordic country said.</p>

<p>The 1,200km (750-mile) high-speed fibre optic Helsinki-Rostock link serving data centres is damaged in the Baltic Sea east of southern Sweden, and there’s a high likelihood that it’s completely cut as all of its fibre connections are down, executives of its owner and operator Cinia Oy said at a news conference.</p>


<p>Members of President-elect Donald Trump’s transition team have told advisers they plan to make a federal framework for self-driving vehicles one of the Transportation Department’s priorities, according to people familiar with the matter.</p>


<p>Keir Starmer pushed for “respectful” UK relations with China, even as he raised frictions including over sanctioned parliamentarians and the trial in Hong Kong of former media mogul Jimmy Lai in the first meeting between a British premier and President Xi Jinping in almost seven years.</p>


Starmer raises Jimmy Lai in meeting with Xi aimed at closer UK-China economic ties

<p>Oil prices rose on news on Monday that output at Norway's giant Johan Sverdrup oilfield has been halted, adding to earlier gains stemming from escalation in the Russia-Ukraine war.</p>


<p>Jadi Imaging Holdings Bhd (KL:JADI) has proposed a share capital reduction to wipe out RM63 million of the company’s accumulated losses.</p>


Jadi Imaging proposes RM63 mil share capital reduction

<p>The government has introduced various initiatives and incentives to enhance the capacity of the local automotive industry, aiming to increase exports of vehicles, including spare parts and components, according to the Ministry of Investment, Trade, and Industry (Miti).</p>
