<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 3): MSM Malaysia Holdings Bhd said its chief financial officer Dr Mazatul 'Aini Shahar Abdul Malek Shahar is on garden leave from Oct 20 to Dec 15, or until further notice from the board.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia on Friday, the sugar refinery company said her temporary leave of absence is necessary to facilitate an ongoing internal investigation.</p></div>

<div class=newsTextDataWrapInner><p>The group will continue its business operations as usual, it added.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>MSM said further announcements shall be made in the event of material developments on this matter.</p></div>

<div class=newsTextDataWrapInner><p>Mazatul 'Aini was appointed as MSM's CFO on Dec 1, 2022.</p></div>

<div class=newsTextDataWrapInner><p>Prior to holding the CFO position at MSM, Mazatul 'Aini was an independent non-executive director at 7-Eleven Malaysia Holdings Bhd and TH Heavy Engineering Bhd, and an audit committee member of both companies.</p></div>

<div class=newsTextDataWrapInner><p>Currently, she is an independent non-executive director of IJN Holdings Sdn Bhd, according to the group's website.</p></div>

<div class=newsTextDataWrapInner><p>At the midday break on Friday, MSM shares were two sen or 1.59% higher at RM1.28, giving the group a market capitalisation of RM899.81 million.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/article/lossmaking-msm-appoints-new-cfo" target="_blank">Loss-making MSM appoints new CFO</a></em></p></div>


MSM Malaysia Holdings Bhd said its chief financial officer Dr Mazatul 'Aini Shahar Abdul Malek Shahar is on garden leave from Oct 20 to Dec 15, or until further notice from the board.

MSM Malaysia's CFO on garden leave

SAO PAULO/RIO DE JANEIRO (Nov 21): Brazilian state-run oil firm Petrobras approved on Thursday a payout of 20 billion reais (US$3.4 billion, or RM15.34 billion) in extraordinary dividends to shareholders, and it lowered the minimum cash level required for its US$111 billion strategic plan.

Petrobras approves US$3.4b in extra dividends, US$111b strategic plan

KUALA LUMPUR (Nov 22): Master Builders Association Malaysia (MBAM) supports the Construction Industry Development Board (CIDB) Malaysia’s decision to retract its quality guidebook for homeowners, said MBAM president Oliver HC Wee.

MBAM supports CIDB’s decision to retract quality guidebook for homeowners

Stocks and bonds of India's Adani Group dropped for a second session on Friday after a US arrest warrant was issued for its billionaire founder Gautam Adani over an alleged US$265 million (RM1.2 billion) bribery scheme.

Adani Group stocks, bonds fall for a second day after founder's US indictment

Affin Bank Bhd (KL:AFFIN) said on Friday its net profit surged in the third quarter thanks to an increase in both interest and non-interest income, as well as impairment writeback and foreign exchange gains.

Affin Bank 3Q net profit surges on higher interest income; writeback, forex gain also provide boost

BENGALURU (Nov 21): Boeing said on Thursday that it has secured a US$2.38 billion (RM10.63 billion) contract from the US Air Force to build 15 additional KC-46A Pegasus aerial refuelling tankers under the Lot 11 procurement.

Boeing secures US$2.38b contract for 15 additional US Air Force KC-46A tankers

KUALA LUMPUR (Nov 22): Berjaya Hartanah Bhd, a wholly owned subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched on Friday, its latest condominium development named Oaka Residences at Bukit Jalil, Kuala Lumpur. The project has a gross development value (GDV) of RM373 million.

Berjaya Land launches RM373m Oaka Residences in Bukit Jalil

Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the US, dealing a blow to Europe's hopes that its most developed battery player would reduce Western car makers' reliance on Chinese rivals.

Sweden's Northvolt files for bankruptcy, in blow to Europe's EV ambitions

Inflation in Malaysia picked up slightly and was a tad faster than expected in October as prices of food and personal care products, including jewellery, rose, official data released on Friday showed.

Inflation in Malaysia picks up slightly in October, official data shows

US mortgage rates increased to a four-month high this week, which together with higher home prices could sideline potential buyers from the housing market in the near term.

US 30-year fixed-rate mortgage approaches 7%

GEORGE TOWN (Nov 22): Penang welcomed Hong Kong Express’ (HK Express) inaugural direct flight from Hong Kong on Friday, marking a milestone in the state’s tourism development.

Penang welcomes HK Express’ inaugural flight from Hong Kong

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

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<p>AirAsia hopes to emulate Dubai’s success in connecting the world, but in a low-cost format from places like Bangkok and Kuala Lumpur as the discount carrier looks to move on from its tumultuous pandemic years.</p>


AirAsia founder plots low-cost Dubai-like hub in Bangkok, KL

<p>KUALA LUMPUR (Nov 22): Globetronics Technology Bhd (KL:GTRONIC) surged as top most-actively-traded stocks on Friday morning, after the company secured a RM145 million contract to provide integrated circuit (IC) product packaging, testing, and backend services to Taiwan-based ChipMOS Technologies Inc. &nbsp;</p>


Globetronics shares surge on RM145m contract win with Taiwan’s ChipMOS

<p>China’s richest man lashed out at two of the country’s biggest tech giants for fanning online vitriol targeting him earlier this year and instigating a price war that wiped out tens of billions of market value for his bottled-water empire.</p>


China’s richest man berates PDD, ByteDance for months of misery

<p>US President-elect Donald Trump said on Thursday he would nominate former Florida attorney general and loyalist Pam Bondi to be US attorney general, moving swiftly to replace his former nominee Matt Gaetz after the embattled former congressman withdrew from consideration.</p>


Trump picks Pam Bondi for US attorney general after Gaetz withdraws

<p>KUALA LUMPUR (Nov 22): Shares of DRB-Hicom Bhd (KL:DRBHCOM) fell on Friday to their lowest in more than four years, after the automotive-to-banking conglomerate reported weaker than expected quarterly results.</p>


DRB-Hicom shares fall to over four-year low, analysts divided over outlook after 3Q

<p>Now is an opportune time to accumulate Dayang Enterprise Holdings Bhd (KL:DAYANG) shares given its undemanding valuations, said CGS International.</p>


Good opportunity to accumulate Dayang shares — CGS

<p>TOKYO (Nov 22): Nissan&nbsp;Motor&nbsp;will cut or transfer about 1,000 jobs in Thailand, as it shrinks production in Southeast Asia, part of its recently announced global workforce reduction plan, two sources familiar with the matter told<em> Reuters</em> on Friday.</p>


Nissan to cut or transfer about 1,000 jobs in Thailand — Reuters

<p>Nvidia Corp assured investors that its new product lineup will continue to fuel an artificial intelligence-driven growth run, while also signaling that the rush to get chips out the door is proving costlier than expected.&nbsp;</p>


Nvidia says new chip remains on track, helping soothe investors

<p>KUALA LUMPUR (Nov 22): TSH Resources Bhd (KL:TSH) reported a 12.19% increase in its net profit for the third quarter spanning July to September 2024 (3QFY2024), despite a drop in revenue, as it recorded reduced non-controlling interests, which resulted in the larger share of profit attributable to the owners of the company.</p>


TSH Resources reports 12% rise in 3Q net profit, pays 2.5 sen dividend

<p>Gold was headed for its largest weekly gain in nearly eight months on Friday and the euro hovered at a 13-month low as Russia lowered its threshold for using nuclear weapons and fired a hypersonic ballistic missile at Ukraine.</p>


Gold surges and euro sags as broader war risks rise 

<p>CapitaLand Investment Ltd, one of Asia’s largest property investment managers, warned of potential losses as it seeks to extricate itself from China’s real estate crisis.</p>


CapitaLand warns of China losses as Singapore property investor cuts exposure

<p>Australia’s flagship carrier Qantas Airways Ltd is the top-performing airline stock in Asia over the past year, and is seen as set to extend its climb with help from declining fuel prices.</p>


Qantas tops Asian airline stocks on cheap fuel, rival’s demise

<p>Stocks ended the day higher as traders contemplated a new US administration keen on deregulation. Bitcoin blew past US$98,000 (RM438,868) while the dollar gained and treasury yields rose.</p>


Trump trade boosts stocks, bitcoin run at US$100,000

<p>KUALA LUMPUR (Nov 22): Damansara REIT Managers Sdn Bhd, the manager of Al-`Aqar Healthcare REIT &nbsp;(KL:ALAQAR)&nbsp;and Al-Salam REIT&nbsp;(KL:ALSREIT), has appointed Zulhilmy Kamaruddin as its new chief executive officer (CEO) as of Thursday (Nov 21).</p>


Damansara REIT Managers appoints Zulhilmy Kamaruddin as its new CEO

<p>Affin Bank Bhd (KL:AFFIN) said on Friday its net profit surged in the third quarter thanks to an increase in both interest and non-interest income, as well as impairment writeback and foreign exchange gains.</p>


<p>SEC Chair Gary Gensler, whose ambitious agenda drew fierce resistance from Wall Street and the crypto industry, plans to step down on Jan 20.</p>


Gary Gensler plans to step down from SEC in January

<p>NEW YORK (Nov 22): US&nbsp;stocks are extending their lead over&nbsp;global&nbsp;peers and some investors believe that dominance could grow if President-elect&nbsp;Donald Trump&nbsp;can implement his economic platform without becoming mired in a full-blown trade war, or ballooning the federal deficit.</p>


Trump's return could extend US stocks' dominance over global rivals

<p>KUALA LUMPUR (Nov 22): Berjaya Hartanah Bhd, a wholly owned subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched on Friday, its latest condominium development named Oaka Residences at Bukit Jalil, Kuala Lumpur. The project has a gross development value (GDV) of RM373 million.&nbsp;</p>


<p><strong><em>More to come</em></strong></p>
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