<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 29):&nbsp;Tan Sri Syed Zainal Abidin Syed Mohamed Tahir is stepping down as the independent non-executive chairman of loss-making Scanwolf Corp Bhd, effective from Dec 31.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Friday, Scanwolf cited "other work commitments" as the reason for Syed Zainal’s resignation.</p></div>

<div class=newsTextDataWrapInner><p>He was appointed to the board of the group, which is involved in designing and manufacturing plastic extrusion&nbsp;products as well as property development, on Nov 5, 2021.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Syed Zainal, 61, is currently the executive chairman of Dagang NeXchange Bhd (DNeX) and DNeX’s strategic investment arm, SilTerra Malaysia Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>For the first financial quarter ended Sept 30, 2023, Scanwolf saw its net loss widen to RM3.6 million, from RM2.66 million in the previous year’s corresponding quarter, as revenue declined 19.9% to RM7.73 million from RM9.65 million.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Scanwolf closed unchanged at 50 sen on Friday, valuing the group at RM100.05 million.</p></div>


Tan Sri Syed Zainal Abidin Syed Mohamed Tahir is stepping down as the independent non-executive chairman of loss-making Scanwolf Corp Bhd, effective from Dec 31.

DNeX’s Syed Zainal Abidin steps down as Scanwolf chairman

South Malaysia Industries (KL:SMI) insisted again on Wednesday that no extraordinary general meeting (EGM) of the company will take place on Jan 9,  amid ongoing clashes between two shareholder groups vying for control of SMI.

No EGM will be held until notice is issued and court rules on suits, says SMI

Wall Street's main indexes were subdued in choppy trading on Wednesday, as investors anticipated an interest rate cut from the Federal Reserve in its final meeting of the year and awaited clues on what policymakers could do in 2025.

Wall Street muted as caution prevails ahead of Fed decision

The police have issued a stern warning to the public to avoid approaching the site of the Sungai Kelantan riverbank collapse near a condominium and hotel on Jalan Post Office Lama here.

Public warned to stay away from collapsed Sungai Kelantan riverbank 

SD Guthrie will issue an official notice directing cattle farmers unlawfully occupying its land to relocate their livestock from the company’s plantation in Sabak Bernam by Jan 31.

Selangor Rural Development, Unity, and Consumer Affairs Committee chairman Datuk Rizam Ismail said the decision was made during a meeting with SD Guthrie representatives on Tuesday.

SD Guthrie to issue official notice to farmers to relocate livestock — Exco

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Wednesday, said palm oil trader David Ng.

He said that CPO prices hit their lowest in a month due to mounting concerns over the implementation of the biodiesel B40 programme starting next month.

CPO futures close lower amid concerns over B40 biodiesel implementation

EVENING 5: Five things you need to know today

EVENING 5: MACC clears YTL unit of wrongdoing in 1BestariNet project

The Malaysia External Trade Development Corporation (Matrade) and Dunia Melayu Dunia Islam (DMDI) have signed a Memorandum of Understanding (MoU) to bolster trade and export promotion cooperation.

Matrade and Dunia Melayu Dunia Islam collaborate to boost export promotion

Honda and Nissan are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.

Honda, Nissan move to deepen ties, sources say, including possible merger

Aeon Co (M) Bhd (KL:AEON) plans to appeal the High Court's ruling that the department store and mall operator had breached a tenancy agreement it had entered into with Betanaz Properties Sdn Bhd, a 51%-owned subsidiary of Ahmad Zaki Resources Bhd (KL:AZRB).

Aeon to appeal High Court's ruling in tenancy dispute with Ahmad Zaki's unit

<p>KUALA LUMPUR (Dec 18): Supermax Corp Bhd (KL:SUPERMX) is planning a bonus share issue on the basis of one share for every five existing shares held, along with the issuance of bonus warrants on the basis of one free warrant for every 20 existing shares held, to reward shareholders.</p>


Supermax proposes 1-for-5 bonus issue with 1-for-20 free warrants

<p>Malaysian Resources Corp Bhd (KL:MRCB) has withdrawn from the Berjaya-led consortium bidding for the multi-billion-ringgit Kuala Lumpur-Singapore high-speed rail (HSR) project, Berjaya Group announced on Wednesday.</p>


Berjaya says MRCB has pulled out of consortium vying for KL-Singapore HSR

<p>YTL Power International Bhd (KL:YTLPOWR) said the Malaysian Anti-Corruption Commission (MACC) has cleared the group's 60% owned subsidiary, YTL Communications Sdn Bhd, of any wrongdoing in connection with the 1BestariNet project.</p>


YTL Power says MACC has cleared subsidiary of wrongdoing in 1BestariNet project

<p>KUALA LUMPUR (Dec 18): Shares of United Plantations Bhd (KL:UTDPLT) hit fresh all-time intraday high in early morning trade on Wednesday. The stock gained 2% to touch RM33.06 to become the top gainer on Bursa Malaysia.</p>


United Plantations hits fresh record intraday high at RM33.06

<p>Solar renewable energy specialist Northern Solar Holdings Bhd, en route to list on the ACE Market of Bursa Malaysia on Feb 6, is looking to raise up to RM64.8 million from the public market to part-finance its business expansion and for working capital.</p>


ACE Market-bound Northern Solar seeks to raise up to RM65m in IPO

<p>KUALA LUMPUR (Dec 18): YNH Property Bhd (KL:YNHPROP) executive chairman Datuk Dr Yu Kuan Chon has been redesignated as an executive director of the property developer. Kuan Chon, 62, is YNH Property’s largest shareholder controlling a direct and indirect shareholding of 32.58% as at Oct 7, 2024.</p>


YNH Property’s MD Kuan Huat replaces brother Kuan Chon as new chairman

<p>CIMB Securities is positive on Malaysia’s equity market in 2025, underpinned by a third consecutive year of earnings growth at 8%, driven by banks, construction and utilities sectors.</p>


Banks, construction, utilities sectors to drive 2025 earnings growth — CIMB Securities

<p>Pestech International Bhd (KL:PESTECH), which is now a subsidiary of Dhaya Maju Infrastructure (Asia) Sdn Bhd, announced a slew of boardroom changes on Thursday, which saw the appointments of Dhaya Maju's co-founder and its group chief executive officer to its board, with immediate effect.</p>


Dhaya Maju founder, CEO join Pestech's board, along with former chief secretary to govt Mohd Zuki

<p>MIDF expects better overall growth for the tech sector in 2026 due to rising demand for artificial intelligence (AI) computing and strong investments from China.</p>


MIDF: Tech sector to rebound, post stronger growth in 2026

<p>Former finance minister Lim Guan Eng has filed an appeal against the High Court's failure to order former prime minister Tan Sri Muhyiddin Yassin to pay interest on damages over defamatory statements concerning tax breaks for Tan Sri Syed Mokhtar Al-Bukhary’s charity foundation Yayasan Albukhary.</p>


Yayasan Albukhary: Guan Eng files appeal, seeking interest on damages awarded

<p>Economists remain cautiously optimistic on Malaysia’s external trade outlook for 2025, following better-than-expected November data which saw the country’s trade surplus rise to a 14-month high.</p>


Economists upbeat on Malaysia’s trade after November exports beat, flag US policy wildcard

<p>Eco World Development Group Bhd (KL:ECOWLD), in collaboration with SD Guthrie Bhd (KL:SDG) and Negeri Sembilan's state investment arm NS Corporation, will jointly develop a 1,166-acre industrial park in Bukit Pelanduk, Negeri Sembilan, that will have an estimated gross development value (GDV) of RM2.95 billion.</p>


SD Guthrie, EcoWorld and NS Corp to jointly develop RM2.95b industrial park in Negeri Sembilan

<p>MALAYSIA Airports Holdings Bhd (MAHB) (KL:AIRPORT) can do much more to draw a higher volume of business to Kuala Lumpur International Airport (KLIA), according to the founder and CEO of Plaza Premium Group (PPG), which operates the world’s largest network of international airport lounges.</p>

...

MAHB can do more to attract business, says world’s largest airport lounge operator

<p>ACE Market-bound Northern Solar Holdings Bhd plans to expand its coverage across Malaysia, targeting key regions especially in Johor and Penang, among others, on top of its existing market in the Klang Valley and Selangor areas, according to managing director Lew Shoong Kai.&nbsp;</p>


Northern Solar eyes solar energy expansion post-IPO

<p>US President-elect Donald Trump is poised to order changes meant to encourage domestic oil and gas development immediately after his Jan 20 inauguration.</p>


Trump is ready ‘within seconds’ to issue orders spurring drilling

<p>Earthworks and civil engineering services provider Advancecon Holdings Bhd (KL:ADVCON) has secured a RM417.7 million contract to undertake the development of the Silver Valley Technology Park (SVTP) in Perak.</p>


Advancecon secures RM418m contract to develop Silver Valley Technology Park in Perak 

<p>Malaysia is inviting China's palm oil companies to explore opportunities in the domestic industry.</p>

<p>Minister of Plantation and Commodities Datuk Seri Johari Abdul Ghani said he believes potential partnerships with Chinese companies based in Malaysia will be successful as feedstock is plentiful in the country while Chinese players have a wide market network.</p>


China's palm oil players invited to explore opportunities in Malaysia

<p>RHB Bank Bhd has filed an appeal against the High Court's ruling last month that Tokio Marine Life Insurance Malaysia Bhd's right to first refusal, under the bank's 10-year bancassurance arrangement with the bank, is still in effect until the expiry of the agreement on Dec 31, 2024.</p>


RHB Bank appeals against High Court ruling on bancassurance deal with Tokio Marine

<p>The new criteria for the exemption of financial statement audits for private companies will take effect on Jan 1, 2025.</p>


New audit exemption criteria for private companies kicks in January 1 — SSM 

<p>Auto Bavaria has partnered Affin Group to expand electric vehicle (EV) charging infrastructure, aiming to make EV ownership more accessible.</p>

<p>Auto Bavaria managing director Vi Thim Juan, in a statement on Wednesday, said the main goal of this partnership is to improve the availability of EV charging facilities across Malaysia.</p>
