<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 4): MISC Bhd, which is 51% controlled by national oil company Petroliam Nasional Bhd (Petronas), announced the appointment of Afendy Mohamed Ali as its new chief financial officer (CFO) on Thursday.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>His appointment will take effect from March 1, the shipping company’s bourse filing showed on Thursday.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Afendy, 50, succeeds Raja Azlan Shah Raja Azwa, who has held the CFO position since April 2019. Concurrently, Raja Azlan will transition into the role of MISC’s vice president of corporate planning.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>According to MISC, Afendy started his career as an auditor with DSG Chartered Accountants (Liverpool, United Kingdom) in 1996.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>In 2002, he joined Petronas as audit executive and since then, he has held various senior positions in the area of finance, corporate services and risk in the Petronas group.</p></div>

<div class=newsTextDataWrapInner><p>At Thursday’s noon break, shares of MISC were seven sen or 0.95% lower at RM7.33. This gave the company a market capitalisation of RM32.72 billion.&nbsp;<br />
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KUALA LUMPUR (Jan 4): MISC Bhd, which is 51% controlled by national oil company Petroliam Nasional Bhd (Petronas), announced the appointment of Afendy Mohamed Ali as its new chief financial officer (CFO) on Thursday.

MISC appoints Afendy Mohamed Ali as new CFO

A new vaccine for dengue has received prequalification from the World Health Organization (WHO).

In a statement on Wednesday, the global health agency said TAK-003 is the second dengue vaccine to be prequalified by WHO.

New dengue vaccine gets prequalification from World Health Organization

Companies in the US and Canada have kicked off 2024 with thousands of job cuts across sectors, signaling that the spate of layoffs seen in 2023 could persist as they scramble to rein in costs.

US, Canadian companies kick off 2024 with layoffs

Chinese Foreign Minister Wang Yi piled onto his nation’s criticism of the latest US tariffs, calling them “a classic example of bullying.”

China’s top diplomat says US tariffs show loss of ‘sanity’

Australia's central bank warned on Thursday there was no quick fix to the country's housing shortage, which is pushing up prices and rents and adding to inflationary pressures.

No quick fix for Australia's housing shortage, warns RBA

Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder US inflation report raised expectations the Federal Reserve (Fed) will deliver at least two rate cuts this year.

Asia rides Wall Street rally, dollar sags on US inflation relief

IBM plans to hire up to 800 more people in Ireland to help build advanced software underpinned by artificial intelligence (AI) technology, the biggest job announcement in the country's multinational sector this year, state investment agency IDA Ireland said on Thursday.

IBM to add 800 AI-related jobs in Ireland

The Asia-Pacific Economic Cooperation’s (Apec) gross domestic product (GDP) grew by 3.5% in 2023 compared to 2.6% in 2022.

Apec's GDP expanded in 2023, but uncertainties loom large — report

Russian President Vladimir Putin's Beijing visit on Thursday is likely to be light on hard deals but will mark the start of his new presidential term with a show of support from his most powerful political partner, Chinese counterpart Xi Jinping.

Putin’s meeting with Xi in China underscores growing alliance

Global corporate debt defaults more than doubled in April from March to their highest monthly tally since October 2020, according to a report from S&P Global Ratings.

Global corporate defaults doubled from March to April, S&P finds

Shares of AEON Co (M) Bhd (KL:AEON) surged to their highest in 20 months after the department store and mall operator reported a 50% jump in first-quarter net profit.

AEON shares jump to 20-month high after 50% surge in 1Q net profit

<p>KUALA LUMPUR (May 15): Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday:</p>


MAHB, Axiata, MyEG, Mitrajaya, Eupe Corp, Hume Cement, Apex Healthcare, Aeon Co, Vstecs, Kobay, Southern Steel, KNM

<p>Rakuten Trade said trading in rubber glove stocks took the limelight on Wednesday, buoyed by the US tariff imposition on Chinese goods which will only take effect in two years.</p>


Analysts say glove stocks rally a knee-jerk euphoria, advise investors to stay vigilant

<p>The Ministry of Higher Education (MOHE) asserts that the proposal to open Universiti Teknologi Mara (UiTM) admission to non-Bumiputera students has never been discussed in any ministry or Cabinet meetings.</p>


Proposal to open UiTM to non-Bumiputera students was never discussed, says Zambry

<p>Penang-based property developer Ewein Bhd (KL:EWEIN) is acquiring a company involved in the manufacturing of racking systems and machinery for about RM32 million.</p>


Ewein to acquire rackform company for RM32 mil

<p>Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder US inflation report raised expectations the Federal Reserve (Fed) will deliver at least two rate cuts this year.</p>


<p>Shares of AEON Co (M) Bhd (KL:AEON) surged to their highest in 20 months after the department store and mall operator reported a 50% jump in first-quarter net profit.</p>


<p>Accountancy professionals must possess increasingly complex technical competencies in finance and accountancy, complemented by non-financial acumen, for Malaysia to achieve its digital transformation and digital economy goals.&nbsp;</p>


Accountancy professionals need to enhance technological skills — Deputy finance minister

<p>(May 16): Norway's central bank said on Wednesday that its executive board has decided to exclude three companies from its government pension fund over ethical concerns.</p>

<p>Norges Bank, which manages the sovereign wealth fund, said in a statement it has decided to exclude India's Adani Por...

Norway sovereign wealth fund excludes three companies over ethical concerns

<p>Wall Street's three major indexes notched record closes on Wednesday with the benchmark S&amp;P 500 and the Nasdaq both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered investors' hopes for interest rate cuts by the Federal Reserve (Fed).</p>


Wall Street boasts record closes as inflation data fuels rate-cut bets

<p>Shares of Mitrajaya Holdings Bhd (KL:MITRA) rose to their highest in more than eight months after the builder and property developer announced that it has secured a contract worth RM174.3 million.</p>


Mitrajaya surges to over eight-month high amid active trade after contract win

<p>Shares of Apex Healthcare Bhd (KL:AHEALTH) on Thursday fell again and are on track for the worst day in nearly a year after the pharmaceutical company reported a 13% decline in first-quarter net profit.</p>


Apex Healthcare shares extend decline after 1Q results

<p>RHB Retail Research said ECA Integrated Solution Bhd (KL:ECA) is eyeing a technical rebound after attempting to close above the 42 sen consolidation phase on Wednesday.</p>


ECA Integrated Solution eyeing technical rebound, says RHB Retail Research 

<p>The US Commerce Department on Wednesday opened an investigation into allegations that solar cells and panels imported from four Southeast Asian countries are being unfairly subsidised and priced below their production costs.</p>


Asian solar imports are subject of new US Commerce probe

<p>RHB Retail Research said UMediC Group Bhd (KL:UMC) is eyeing to resume its uptrend following a recent pullback as it bounced off the 21-day simple moving average (SMA) line on Wednesday, heading towards the 72 sen immediate resistance.</p>


UMediC eyeing to resume its uptrend, says RHB Retail Research 

<p>Walt Disney has cut its investment in programming for traditional television networks pretty dramatically as part of its strategy to maximise audiences and profit in the streaming TV era, chief executive Bob Iger said on Wednesday.</p>


Disney has dramatically cut traditional TV spending, CEO says

<p>Warren Buffett’s Berkshire Hathaway Inc unveiled a US$6.7 billion (RM31.37 billion) stake in insurer Chubb Ltd, ending months of suspense over its mystery position in a financial firm, previously kept concealed in regulatory filings.</p>


Buffett’s Berkshire reveals U$6.7b stake in insurer Chubb

<p>Aiden Pleterski, the self-proclaimed “Crypto King” who collected millions of dollars from investors, only to spend it on luxury goods, has been arrested on fraud charges in Canada.</p>


Self-styled ‘Crypto King’ who lost US$30m is charged in Canada

<p>Japan’s economy contracted in the first quarter as consumers and companies reduced spending, underscoring the fragile nature of the recovery and extending a dismal performance stretching back to last summer.</p>


Japan’s economy contracts as consumers, firms cut spending

<p>France declared a state of emergency on the Pacific island of New Caledonia on Wednesday after three young indigenous Kanak and a police official were killed in riots over electoral reform.</p>


France declares state of emergency after four dead in New Caledonia riots 

<p>Grab Holdings raised its full-year profit forecast on Wednesday after reporting a higher-than-expected quarterly revenue, driven by recent cost-reduction measures and robust demand for its ride-share services.</p>
