<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 26): Datasonic Group Bhd has named Tengku Datuk Abu Bakar Ahmad Tengku Abdullah as its executive chairman, effective Wednesday (July 26).</p></div>

<div class=newsTextDataWrapInner><p>Tengku Abu Bakar, 38, was appointed to replace Datuk Abu Hanifah Noordin, 71, who has been redesignated as the group’s executive deputy chairman, the ICT solutions group's filing showed.</p></div>

<div class=newsTextDataWrapInner><p>Abu Hanafiah holds 225.2 million direct shares or 7.93% direct stake in Datasonic, and 6.11 million or 0.22% indirect stake in the company.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Meanwhile, Tengku Abu Bakar, who is the son-in-law of Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, also sits on the boards of two other listed companies, namely Central Global Bhd (non-executive director) and Wellspire Holdings Bhd (non-executive chairman).</p></div>

<div class=newsTextDataWrapInner><p>He is also an executive director of Bookdoc Holdings Bhd, which has been operating a mobile application connecting patients with medical professionals since March 2019. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Also joining Datasonic as an independent and non-executive director is Ahmad Ridwan Abdullah, 35, who is experienced in venture building, launching and scaling sustainable startups.</p></div>

<div class=newsTextDataWrapInner><p>Datasonic shares closed up half a sen or 1.12% to 45 sen on Wednesday, valuing the group at RM1.33 billion.</p></div>


Datasonic Group Bhd has named Tengku Datuk Abu Bakar Ahmad Tengku Abdullah as its executive chairman, effective Wednesday (July 26).

Datasonic appoints Agong’s son-in-law Tengku Abu Bakar as executive chairman

Binance Holdings Ltd said it was asked for a large payment in Nigeria to make problems there “go away,” and repeated calls for the release of its employee who’s been jailed in the West African nation.

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(May 7): Thailand’s Cabinet has approved a plan to extend visa exemption programmes for tourists from India and Taiwan for six more months, as the Southeast Asian nation seeks to boost the number of foreign arrivals to shore up its sluggish economy.

Thailand extends visa waiver plan for Indian, Taiwanese tourists

Plunging prices for solar panels that have slashed profits across the sector don’t have much room to fall any further, according to the chairmen of two of the industry’s biggest firms.

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Tesla Inc shipments from its Shanghai factory dropped year-on-year in April even as the overall market for new-energy cars grew, another sign of the pressure Elon Musk’s company is under in China’s hyper competitive automobile sector.

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(May 7): Princeton Digital Group secured a US$280 million green loan to help finance a US$1.5 billion data centre it’s building in southern Malaysia, a first for the Asian infrastructure operator as it aims to get that complex operational by June.

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Ferrari NV’s first-quarter earnings rose as the Italian manufacturer benefited from selling pricey supercars like the €2 million (RM10.2 million) Daytona SP3.

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According to the Ministry of Inve...

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Telecommunication tower company (towerco) OCK Group Bhd has entered into a 15-year tower leasing agreement with Best Telecom Co Ltd, marking its entry into Laos, where Best Telecom plans to launch their 5G network by the end of the year.

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<p>Malaysia’s FBM KLCI climbed to a two-year high on Tuesday as gains of consumer and banking stocks extended the benchmark index’ rally to its fourth straight day.</p>


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<p>“Black Swan” fund manager Mark Spitznagel said investors should avoid chasing the market or making decisions based on short-term US Federal Reserve (Fed) moves.</p>


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<p>Apa...

One killed, another hurt after fallen tree smashes into cars, monorail track in KL

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<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>


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<p>Bursa Malaysia Bhd on Tuesday launched the Bursa Remisier Acquisition Hub (Bursa Reach) platform designed to enhance the connection between dealer representatives and investors.</p>


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<p>Pelaburan Hartanah Bhd (PHB) is to part ways with Maybank Asset Management Sdn Bhd (Maybank AB) to independently manage the funds of its commercial property unit trust, Amanah Hartanah Bumiputera (AHB), as part of its seven-year business plan that aims to increase the fund size from RM5 billion to RM20 billion by 2030.</p>


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<p>The Federal Court on Tuesday ruled that it is not intervening with the High Court’s decision in not allowing businessman Ricky Wong Shee Kai to come back to Malaysia’s jurisdiction should he want to participate in civil court proceedings against him and his mother and Wong SK Holdings Sdn Bhd following an action by the Securities Commission Malaysia.</p>


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<p>Scoot Pte Ltd, the low-cost carrier of Singapore Airlines Ltd (SIA), commenced operation of its first Embraer E190-E2 aircraft on Tuesday, reiterating the crucial role of Malaysia in its airline operations.</p>


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<p>The US sees Iran's capacity to move its oil as reliant on service providers based in Malaysia, with oil being transferred near Singapore and throughout the region, a senior US Treasury official said on Tuesday.</p>


Iran's capacity to move oil reliant on Malaysian providers, US official says

<p>KUALA LUMPUR (May 7): Solar power specialist Pekat Group Bhd said on Tuesday that it has signed a non-binding agreement to acquire a stake in switchgears supplier EPE Switchgear (M) Sdn Bhd to expand its businesses.</p>


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<p>CIMB Group Holdings Bhd, Malaysia’s second-largest bank by assets, will likely see improvements in net interest margin and non-interest income (NII) when it reports its first-quarter results (1QFY2024) on May 31, analysts said.</p>


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<p>Oil and gas services firm Dayang Enterprise Holdings Bhd will post a strong rebound in its first quarter (1Q) results and earnings may pick up in the coming quarters on seasonally stronger work orders and utilisation, said Phillip Capital.</p>


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<p>Hong Leong Investment Bank (HLIB) Research said it anticipates Samaiden Group Bhd posting a stronger second half of 2024 (2H2024) earnings, with some projects reaching a stronger recognition cycle.</p>


HLIB anticipates Samaiden to post stronger 2H2024 earnings 

<h3><span style="color:#d35400;">Malaysia Smelting Corp Bhd</span></h3>

<p>Target price: <strong>RM3.60 <span style="color:#27ae60;">BUY</span></strong></p>

<div class="mt-3 imgw-300 embed-right"><a class="mobx embedimg-icon" data-desc="xxx" data-rel="ceolightbox" href="//myassets.theedgemalay...

Brokers Digest: Local Equities - Malaysia Smelting Corp Bhd, Dialog Group Bhd, Malakoff Corp Bhd, Alliance Bank Malaysia Bhd

<p>Paris authorities have spent years readying for the almost 2 million international visitors expected for the 2024 Summer Olympics, but they may have overlooked a far bigger phenomenon now coming to the city: Taylor Swift.</p>


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<p>France would welcome China's electric vehicle (EV) giant BYD if the company should it decide wanted to open a factory in France, Finance Minister Bruno Le Maire said on Monday.</p>
