<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 2): Kawan Food Bhd said Ng Hooi Kai has vacated his office as chief executive officer (CEO) with effect from Wednesday (Aug 2).</p></div>

<div class=newsTextDataWrapInner><p>This follows the expiration of his contract, said the homegrown frozen food manufacturer in a filing with Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Ng, 61, was appointed as the group CEO in January 2021. He has a direct interest of 0.019% or 72,000 shares in the group.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the first quarter ended March 31, 2023, Kawan Food’s net profit fell 8.37% to RM7.88 million, from RM8.6 million a year earlier, due to higher expenses. This is despite revenue rising 15.17% to RM79.1 million from RM68.68 million, thanks to the rising demand for the company's products in both the local as well as Asian and European markets.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Kawan Food closed four sen or 2.15% lower at RM1.82 on Wednesday, valuing the company at RM659.9 million. The counter has fallen 17.65% so far this year.<br />
&nbsp;</p></div>


Kawan Food Bhd said Ng Hooi Kai has vacated his office as chief executive officer (CEO) with effect from Wednesday (Aug 2).

Kawan Food CEO Ng Hooi Kai vacates office

Bersatu is considering legal action against the Malaysian Anti-Corruption Commission (MACC) and related banks for freezing its party accounts, said Bersatu president Tan Sri Muhyiddin Yassin.

Muhyiddin: Bersatu mulling legal action against MACC, banks over frozen accounts

Come Monday, the High Court is expected to announce its decision on whether pensioners are entitled to enforce the Court of Appeal's (COA) mandamus order, which mandates the government to pay them pre-2013 pension adjustment arrears prospectively from January 2022.

High Court to rule on pensioners' right to pre-2013 arrears, affecting 930,000 retirees

The flood situation across the country, especially in Kelantan and Terengganu, is deeply concerning as it is worse than in 2014, said Datuk Seri Dr Ahmad Zahid Hamidi.

Current floods worse than 2014 levels — Zahid

CyberSecurity Malaysia (CSM) has warned the public to be vigilant of phone calls from individuals claiming to be its officials and requesting personal information.

CyberSecurity Malaysia warns public against calls from bogus officials 

China vowed "resolute countermeasures" on Sunday to a recently approved US arms sale to Taiwan, and complained to the US for arranging for the democratically governed island's president to transit through US territory.

China blasts US arms sale to Taiwan, President Lai's US transit

Prime Minister Datuk Seri Anwar Ibrahim on Sunday announced an additional immediate allocation for Kelantan and Terengganu, with RM25 million for each state, in the wake of the severe floods that have hit them.

PM announces additional RM50m allocation for flood-hit Kelantan, Terengganu

Tan Sri Joseph Lo, chairman of Azam Jaya Bhd (KL:AZAMJAYA), died aged 74 on Saturday at the Gleneagles Hospital, according to the Daily Express.

Azam Jaya chairman Joseph Lo passes away at 74

Brazil and Malaysia’s collaboration in the semiconductor industry will involve the development of joint initiatives in integrated circuit (IC) design next year, according to sources from the Brazilian Embassy in Malaysia.

Malaysia, Brazil to team up on integrated circuit design in 2025 — Bernama

Tenaga Nasional Bhd (KL:TENAGA) has signed the MY07 Electricity Supply Agreement (ESA) with hyperscale data centre solutions platform and Bain Capital-backed Bridge Data Centres (BDC), according to w.media's report on Friday.

TNB inks electricity supply agreement with Bridge Data Centres — report

Ex-judges who retired before the implementation of the Judges’ Remuneration Amendment Act 2014, which had been declared by the courts as being unconstitutional, have received their arrears in their November pensions.  Meanwhile, those who retired after July 1, 2015, when the Act was gazetted, also received revisions to their pensions, following revisions to their salary scale.

Ex-judges who retired prior to July 2015 have received pension arrears, while rest received salary revision and arrears

<p>Bersatu is considering legal action against the Malaysian Anti-Corruption Commission (MACC) and related banks for freezing its party accounts, said Bersatu president Tan Sri Muhyiddin Yassin.</p>
