<div class=newsTextDataWrapInner>SINGAPORE (Sept 4): The Monetary Authority of Singapore (MAS) has appointed Chia Der Jiun as its new managing director.</div>

<div class=newsTextDataWrapInner>Chia will take over from outgoing MD, Ravi Menon, who will retire from Singapore Public Service. Menon will also step down as MAS’s MD and from its board on Dec 31.</div>

<div class=newsTextDataWrapInner>Chia will then become the MD (designate) from Nov 1 to Dec 31, and formally become the MD of MAS from Jan 1, 2024, to May 31, 2026. Chia will also be appointed as a director on the board of the MAS on Jan 1, 2024...<a href="https://www.theedgesingapore.com/news/new-appointments/mas-appoints-chia-der-jiun-new-managing-director" target="_blank">(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

The Monetary Authority of Singapore (MAS) has appointed Chia Der Jiun as its new managing director.

Chia will take over from outgoing MD, Ravi Menon, who will retire from Singapore Public Service. Menon will also step down as MAS’s MD and from its board on Dec 31.

Monetary Authority of Singapore appoints Chia Der Jiun as new managing director

KUCHING (Nov 28): Sarawak Metro Sdn Bhd is inviting the Malaysian Anti-Corruption Commission (MACC) and the Sarawak Integrity and Ombudsman Unit to witness its upcoming audit by the National Audit Department Malaysia.

Sarawak Metro invites MACC, state integrity unit to witness upcoming audit

The second 5G network will not be permitted to roll out until the mobile network operators (MNOs) in Digital Nasional Bhd (DNB) repay all government funding provided to the company, said Digital Minister Gobind Singh.

No rollout of second 5G network until DNB repays govt funding, says Gobind

T Ananda Krishnan, a billionaire tycoon with an empire stretching from telecommunications to oil and gas, passed away on Thursday at the age of 86.

Billionaire tycoon Ananda Krishnan passes away — statement

Israeli tank fire hit six areas in southern Lebanon on Thursday and the Israeli military said its ceasefire with Hezbollah was breached after what it called suspects, some in vehicles, arrived at several areas in the southern zone.

Israel says ceasefire with Hezbollah violated, fires on south Lebanon

KUALA LUMPUR (Nov 28): The Transport Ministry has formed the Malaysia Maritime Law Revision Committee (MLRC) to review and update the Merchant Shipping Ordinance (MSO) 1952 and the respective Port Acts, to ensure they remain relevant and effective in the face of evolving industry practices, international standards, and maritime treaties, said its minister Anthony Loke Siew Fook.

Transport Ministry forms committee to review maritime law, Port Acts

Radium Development Bhd (KL:RADIUM) has signed a memorandum of understanding (MOU) with GreenRE Sdn Bhd to integrate green building practices across Radium's projects.

Radium Development partners with GreenRE to introduce sustainable elements to its projects

Genting Malaysia Bhd's (KL:GENM) third-quarter net profit jumped over threefold from the previous year, as it recognised net unrealised foreign exchange (forex) translation gains totalling RM601.8 million on its US-dollar denominated borrowings, as opposed to a forex loss of RM1.7 million previously.

Genting Malaysia's 3Q profit highest in nearly six years on forex gains

The number of long-term migrants arriving in the UK continued to fall in the year to June 2024, as the previous government’s efforts to crack down on immigration took effect.

An estimated 728,000 more people moved to the UK than left the country, according to the Office for National Statistics.

UK net migration up to June drops as Tory curbs took effect

Indian lenders, including State Bank of India, are reviewing their exposure to Adani Group and examining whether they need to tighten their due diligence when offering new loans to them, after the US accused chairman Gautam Adani of bribery, eight bankers said.

India banks reviewing Adani Group exposure after US charges — Reuters

China's military on Thursday vowed to defeat all attempts at secessionism and urged the US not to send the wrong signals on Taiwan independence, ahead of a trip by Taiwan's President Lai Ching-te to Hawaii as part of a Pacific tour.

Ahead of Taiwan president's trup to Hawaii, China says it will defeat secessionism

T Ananda Krishnan, a billionaire tycoon with an empire stretching from telecommunications to oil and gas, passed away on Thursday at the age of 86.

Toh Puan Na’imah Abdul Khalid, the widow of the late former finance minister Tun Daim Zainuddin, will have her passport unconditionally returned to her by the Sessions Court, after the Court of Appeal (COA) on Thursday overturned a High Court decision which previously denied her application to have the documents returned to her.

Daim’s wife gets unconditional return of her passport from Court of Appeal

Shares of NationGate Holdings Bhd (KL:NATGATE) fell in early trading after its third-quarter results came in below analysts expectations.

NationGate shares slide in early trade after 3Q results miss expectations

CIMB Group Holdings Bhd (KL:CIMB), Malaysia’s second-largest bank by assets, said its net profit for the third quarter rose nearly 10% from a year earlier, thanks to healthy growth in both net interest income (NII) and non-interest income (NOII).

CIMB Group’s 3Q net profit rises nearly 10%, on track to hit ROE target

Technology stocks on Bursa Malaysia declined in early trading on Thursday, mirroring the decline in US technology stocks on Wednesday.

Tech counters decline in early trade on Bursa Malaysia

KUALA LUMPUR (Nov 28): Shares of Kerjaya Prospek Group Bhd (KL:KERJAYA) climbed to their highest in eight years, following an unexpected special dividend following third-quarter results.

Kerjaya Prospek shares test eight-year high as investors celebrate dividend surprise

Sime Darby Bhd's (KL:SIME) net profit jumped 36% in the first quarter ended Sept&nbsp;30, 2024 (1QFY2025) from a year ago, mainly on profit contributions from the UMW division and gain on disposal of Malaysia Vision Valley land.

Sime Darby's 1Q profit jumps 36% on UMW earnings, Malaysia Vision Valley land disposal

Carlo Rino Group Bhd (KL:CRG) is selling its shares at 27 sen apiece in an initial public offering (IPO) that could raise over RM46.4 million, according to its prospectus unveiled on Thursday.

Carlo Rino selling shares at 27 sen apiece for ACE Market listing, IPO may raise RM46.4 mil

Hong Leong Financial Group Bhd (KL:HLFG), the financial services flagship of tycoon Tan Sri Quek Leng Chan, said on Thursday its net profit rose 14% in the first financial quarter from a year earlier, driven by the banking and insurance businesses.

Hong Leong Financial Group's 1Q net profit rises 14% as banking, insurance arms report gains

TA Securities has valued Main Market-bound TMK Chemical Bhd (KL:TMK) at RM1.99, given its main competitive advantages, including a strong market share in the inorganic chemicals market.

TA Securities assigns RM1.99 fair value to Main Market-bound TMK Chemical

Farm Fresh Bhd's (KL:FFB) net profit more than doubled in the second quarter ended Sept&nbsp;30, 2024 (2QFY2025), as contributions from Inside Scoop, Sin Wah and profitable Australian operations were boosted by decreased dairy raw material costs.

Farm Fresh declares dividend of one sen as 2Q earnings double

IPOH (Nov 28): Developer Advancecon Holdings Bhd (Advancecon)(KL:ADVCON)&nbsp;has provided ex-gratia payments to 97 farmers engaged in farming activities on the site of the Silver Valley Technology Park (SVTP) project, owned by the Perak State Development Corporation (PKNPk), in Khantan, Chemor, here.

Silver Valley Tech Park project: Perak committee chairman says Advancecon paid ex-gratia to 97 farmers

Prime Minister Datuk Seri Anwar Ibrahim said on Thursday that the approach of obtaining helicopters for the country’s security forces through a leasing arrangement could ease the burden on the nation’s coffers.

PM defends RM16b leasing arrangement of helicopters for country's security forces

The total cost of the expansion of the Penang International Airport (LTAPP) is estimated at RM1.55 billion, with almost all of it to be financed through a private financing initiative by Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT).

Penang airport expansion estimated at RM1.55b, almost fully funded by MAHB — exco

KUALA LUMPUR (Nov 28): The prosecution has sought a postponement in their appeal against the acquittal of Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi in the foreign visa (VLN) system bribery case.

Zahid’s foreign visa bribery appeal: Prosecution seeks postponement, to brief new AG

The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the US crackdown on Beijing’s tech ambitions but stop short of some stricter measures previously considered, according to people familiar with the matter.

US preps China chip curbs that stop short of early proposals — Bloomberg

Axiata Group Bhd (KL:AXIATA), the country’s largest telecommunications company by revenue, returned to the black in the third quarter as currency gains and other one-off items offset a decline in operating income.

Axiata returns to the black in 3Q as one-off gains offset lower operating income

Alliance Bank Malaysia Bhd (KL:ABMB) said its second-quarter net profit increased marginally by 2.47% year-on-year (y-o-y), mainly driven by revenue growth which was offset by higher allowances for expected credit losses and operating expenses.

Alliance Bank’s 2Q net profit up 2.5%, pays 9.5 sen dividend

The National Kidney Foundation (NKF) has on Thursday managed to quash the Inland Revenue Board’s decision in 2020 to withdraw the tax-exemption status of the charitable organisation.

Court quashes IRB’s withdrawal of tax-exempt status of National Kidney Foundation

China's ByteDance is suing a former intern for US$1.1 million (RM4.9 million), alleging he deliberately attacked its artificial intelligence large language model training infrastructure, a case that has drawn widespread attention within China amid a heated AI race.