<div class=newsTextDataWrapInner>KUALA LUMPUR (Sept 6): Impiana Hotels Bhd has appointed Datuk Seri Lee Hock Seng as its executive director effective Wednesday, and will subsequently designate Lee as its deputy executive chairman. 
 
In a filing to Bursa Malaysia, the company said Lee and his spouse Datin Seri Joanne Yew Hong Im are currently the group’s largest substantial shareholders, with 120.8 million shares or a 19.9% stake. 
 
Lee, a Malaysian businessman and philanthropist, is the the founder and group chairman of HYM Group, and trustee of the LCW&nbsp;Foundation. 
 
Read also: 
<a href="https://theedgemalaysia.com/node/678663" target="_blank">HYM Group chairman emerges as largest shareholder of Impiana Hotels</a></div>
</div><div class=inPageAd id=div-gpt-ad-inpage>

KUALA LUMPUR (Sept 6): Impiana Hotels Bhd has appointed Datuk Seri Lee Hock Seng as its executive director effective Wednesday, and will subsequently designate Lee as its deputy executive chairman.

Lee Hock Seng takes on director role at Impiana Hotels, set to be deputy exec chairman

A former Deutsche Boerse AG employee was handed a suspended sentence and must pay €163,000 (RM770,023) for secretly trading on non-public information the Frankfurt stock exchange received from listed companies.

Ex-Deutsche Boerse staffer convicted in insider trading case

Walt Disney Co posted fiscal fourth-quarter (4Q) sales and profit that beat Wall Street estimates and forecast earnings growth for the next three years, a rare event for a company that historically hasn’t made long-range profit projections.

Disney 4Q profit beats expectations as movies, streaming gain

Petroliam Nasional Bhd (Petronas) has made new investments totalling RM7.5 billion at the Pengerang Integrated Complex (PIC) near Kota Tinggi.

Petronas invests another RM7.5b in Pengerang Integrated Complex — Onn Hafiz

Israeli authorities have caused a forced displacement of Palestinian people in Gaza to an extent that constitutes war crimes and crimes against humanity, Human Rights Watch said in a report on Thursday.

Human Rights Watch accuses Israel of war crimes over Gaza displacements

Prime Minister Datuk Seri Anwar Ibrahim is scheduled to participate at the Asia Pacific Economic Cooperation (Apec) CEO’s Summit here on Thursday as part of his engagement at the APEC Economic Leaders Week (AELW).

He will be a panellist in the session entitled 'Opportunities and Challenges in the AI Revolution', along with Microsoft vice-president of Data & AI, Zia Mansoor, Vobile chief executive officer, Yangbin Wang and Google vice-president, Government Affairs & Public Policy, Karan Bhatia.

Anwar to participate in Apec CEO Summit, meet Google vice-president

ACE Market-listed Farm Price Holdings Bhd (KL:FPHB), a Johor-based wholesaler and distributor of fresh vegetables, food and beverage (F&B) products, is expanding its distribution reach to Sabah.

Farm Price ventures into Sabah's fruit business via stake purchase in KK firm

Southern Water Ltd was downgraded to junk status by Moody’s Ratings and warned it could be cut further in light of the woes facing UK water and sewage providers as well as the company’s own weak track record.

UK’s Southern Water cut to junk by Moody’s amid water sector woes

Electrical and mechanical engineering firm LFE Corp Bhd (KL:LFECORP) has secured a subcontract worth RM18.95 million to undertake electrical system installation works from GDP Architects Sdn Bhd.

LFE Corp bags subcontract works worth RM19 mil

Steel pole and masts maker Lysaght Galvanized Steel Bhd (KL:LYSAGHT) has declared a special dividend of 35 sen per share as its quarterly earnings rose to an eight-year high.

The dividend will be paid on Dec 9, according to the group's bourse filing.

Lysaght pays special dividend of 35 sen as earnings rise to eight-year high

BANGI (Nov 14): Projected changes in the United States' (US) trade policy are not expected to significantly impact the country's palm oil sector following Donald Trump's victory in the recent US presidential election, the Malaysian Palm Oil Board (MPOB) said on Thursday.

MPOB director-g...

MPOB: US trade policy changes to have minimal impact on palm oil sector

The chief executive officer (CEO) of Encorp Berhad (KL:ENCORP), Hazurin Harun, 54, was charged in the Sessions Court on Thursday with two counts of criminal breach of trust (CBT) involving RM1.05 million last year.

Encorp CEO slapped with CBT charges involving RM1.05m

AS the sixth largest of Malaysia’s eight domestic banking groups in terms of assets, AMMB Holdings Bhd (AmBank Group) (KL:AMBANK) is considered a mid-sized lender.

Its relatively smaller size, and the fact that there is often talk that its key shareholder — founder Tan Sri Azman Hashim ...

Cover Story: Analysts not ruling out possibility of M&A at AmBank 

KUALA LUMPUR (Nov 14): Shares of Johor Plantations Group Bhd (KL:JPG) rebounded on Thursday, as stronger-than-expected results lifted investors’ mood, while analysts anticipate further improvements with rising palm oil prices.

Johor Plantations’ shares rebound, analysts scramble to raise estimates after strong 3Q

LIMA, Peru (Nov 13): Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim on Wednesday stressed the importance of strengthening ties with the Global South, highlighting the vast untapped potential and emerging opportunities in this region.

“It’s crucial to shift course slightly and enhanc...

Anwar launches Yinson’s solar park in Peru, calls for robust collab to tap new Global South potentials

KUALA LUMPUR (Nov 13): The government is allocating RM7.063 billion as a capital injection to finance the financial commitments of the companies of the Minister of Finance Incorporated (MOF Inc), said Finance Minister II Datuk Seri Amir Hamzah Azizan on Wednesday.

Govt allocates RM7.06b capital injection to finance firms under MOF Inc

In a landmark decision, the High Court on Thursday ruled that developers who deliver vacant possession of a property without allowing the owners to occupy it is against public policy and goes against the purpose of the vacant possession.

Delivery of vacant possession without occupancy rights is against public policy, court rules

Bumi Armada Bhd (KL:ARMADA) is exploring a merger with MISC Bhd’s (KL:MISC) offshore business that could create a global energy services powerhouse with combined assets worth over RM20 billion.

Bumi Armada signs pact with MISC to explore merger of offshore business

The Thai baht is poised to become one of the most vulnerable emerging market Asian currencies as Donald Trump returns to the White House, given the country’s heavy reliance on trade.

Thai baht most vulnerable in emerging Asia to Trump second term

Shares of VSTECS Bhd (KL:VSTECS) rose on Thursday after the electronics products distributor reported a surge in quarterly net profit on the back of record-high revenue.

VSTECS shares rally 13% after surge in profit, record revenue

MISC Bhd (KL:MISC) said on Thursday its net profit fell in the third quarter, dragged by lower charter rates for its natural gas carriers and higher vessel operating costs, as it flagged a tough outlook for its key business.

MISC 3Q net profit falls 21%, flags tough LNG shipping outlook

Malaysian banks’ earnings will stay “rangebound” in 2025 as the sector grapples with pressure on profitability and a rise in bad debts, according to S&amp;P Global.

Net interest margins, which measures the difference between interest received on loans and returns paid on deposits, could decline by three-to-five basis points due to intense competition for both loans and deposits, the ratings agency said in a report released on Thursday.

Malaysian banks' has limited upside amid margin pressure, rising bad loans — S&P

KUALA LUMPUR (Nov 14): The Ministry of Finance (MOF) said on Thursday sovereign wealth fund Khazanah Nasional Bhd will continue to fund start-ups despite&nbsp;losses from its investment&nbsp;in&nbsp;e-commerce platform FashionValet Sdn Bhd.&nbsp;

MOF: Khazanah to continue investing in start-ups despite FashionValet misadventure

KUALA LUMPUR (Nov 14): Shares of Swift Haulage Bhd (KL:SWIFT) fell to their 13-month low on Thursday, after the logistics firm reported weaker-than-expected results.

Swift Haulage shares fall to 13-month low after weaker than expected results

Geely Automobile Holdings Ltd, the centrepiece of billionaire Li Shufu’s car empire, continued to increase revenue and profits in the third quarter as the automaker enjoys a boon from its electric vehicle and hybrids segment.

Geely earnings surge as annual sales near 2 mil target

Ice cream brand Ben &amp; Jerry's said in a lawsuit filed Wednesday that parent company Unilever has silenced its attempts to express support for Palestinian refugees, and threatened to dismantle its board and sue its members over the issue.

Ben & Jerry's says parent Unilever silenced it over Gaza stance

LIMA, Peru (Nov 13): Malaysia hopes to contribute to the infrastructure development in Chancay Port, located around 80km north of Peru’s capital&nbsp;Lima, Prime Minister&nbsp;Datuk Seri Anwar Ibrahim said on Wednesday.

Anwar: Malaysia hopes to contribute to infrastructure development in Peru’s new Chancay Port 

The Malaysian Automotive Association (MAA) said the country’s new&nbsp;car sales volume or total industry volume (TIV) could reach 800,000 units this year, driven by strong year-end promotions and robust demand for national cars.

Car sales in Malaysia could hit 800,000 units this year, says MAA

Pan Malaysia Corp Bhd (KL:PMCORP) disclosed that its audited net loss for the year ended June 30, 2024 (FY2024) was larger than previously reported in the unaudited statement.

Pan Malaysia Corp says FY2024 net loss larger than before audit following full control of A&W

IOI Properties Group Bhd (KL:IOIPG) has launched its IOI Sustain Roadmap 2030 (ISR 2030) to drive sustainable progress across all facets of the group's operations.

At a launch event at IOI City Mall on Thursday, ISR 2030 outlines 12 strategic pillars driving IOI Properties' initiatives to address climate change, biodiversity, waste management, sustainable finance, supply chain management, employee well-being, and sustainability risks and opportunities.

IOI Properties launches sustainability roadmap and unveils new solar photovoltaic system at IOI City Mall

New solicitors will represent Muhammed Yusoff Rawther in his sexual assault suit against Prime Minister Datuk Seri Anwar Ibrahim.