<div class=newsTextDataWrapInner><p>SHANGHAI (March 19): Han Xinyi will become president of China's Ant Group and some units of the financial technology company will set up their own boards of directors to operate more independently, according to a source who saw an internal email from Ant CEO and chairman Eric Jing on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>Ant Group did not immediately respond to a request for comment.</p></div>

<div class=newsTextDataWrapInner><p>The organisational changes flagged in Jing's email constitute the biggest shake-up in the Jack Ma-founded fintech group since it was fined US$984 million (RM4.6 billion) by Chinese authorities last July.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>That penalty, one of the largest fines for an internet company in China, drew to a close a years-long regulatory overhaul of the group.</p></div>

<div class=newsTextDataWrapInner><p>Han will be responsible for Ant's digital payments, digital connectivity and digital finance businesses and will report to Jing, the source said, citing the internal email.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, three divisions — Ant International, OceanBase, and Ant Digital Technologies — will set up respective boards of directors to become independently operated business units.</p></div>

<div class=newsTextDataWrapInner><p>Ant operates China's ubiquitous mobile payment app Alipay and in mid-2020, before its IPO was pulled, it was valued by some investors at more than US$300 billion.</p></div>


Han Xinyi will become president of China's Ant Group and some units of the financial technology company will set up their own boards of directors to operate more independently, according to a source who saw an internal email from Ant CEO and chairman Eric Jing on Tuesday.

China's Ant Group appoints new president in biggest reshuffle since regulatory revamp

Bank of Singapore Ltd, the private-banking arm of Oversea-Chinese Banking Corp (OCBC), has fired up to 40 employees over the misuse of medical benefits, according to a CNA report.

Singapore bank fires workers over misuse of medical claims — CNA

The Kuala Kubu Baharu (KKB) state by-election is the time for Barisan Nasional (BN) to return Pakatan Harapan’s (PH) favour in assisting Umno candidates in the previous elections, said Datuk Seri Dr Ahmad Zahid Hamidi.

Time for BN to return PH's favour in Kuala Kubu Baharu by-election, says Zahid

The Malaysian Anti-Corruption Commission (MACC) has opened an operations room for the public to channel information and complaints of corrupt acts and power abuse in the Kuala Kubu Baharu state by-election.

MACC opens operations room for Kuala Kubu Baharu by-election

Kuala Lumpur Kepong Bhd (KLK) is investigating allegations of unethical recruitment practices made against the sub-agents of SOS Manpower Service, its appointed agent to recruit Nepalese foreign workers for its subsidiary KL-Kepong Rubber Products Sdn Bhd.

The allegations, according to KLK, were made by Sajha Sabal Media, a news portal in Nepal.

KLK investigating allegations of unethical practice linked to its foreign worker recruitment agent

The Kuala Kubu Baharu (KKB) state by-election will see a four-cornered fight between the candidates of Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.

A four-way bout in Kuala Kubu Baharu by-election

China's industrial profits posted smaller gains for the first quarter compared to the first two months, official data showed on Saturday, adding to evidence of an uneven recovery for the world's second-biggest economy.

China's first-quarter industrial profits rise at slower pace

Last December, the European Union set a global precedent by finalizing the Artificial Intelligence Act, one of the world’s most comprehensive sets of AI rules. Europe’s landmark legislation could signal a broader trend toward more responsive AI policies. But while regulation is necessary, it is i...

The Visible Hand: Governments must shape AI’s future

Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.

Singapore plans law to support gig workers’ retirement needs

The nomination centre for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination centre for Kuala Kubu Baharu by-election closes at 10am

Alphabet Inc closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Alphabet joins US$2 trillion club as results show AI strength

<p>The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.</p>


Who pays for anytime EPF withdrawals?

<p>The Kuala Kubu Baharu (KKB) state by-election will see a four-cornered fight between the candidates of Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.</p>


<p>Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.</p>


Global stocks gain on Big Tech lift; yen slides to 34-year low

<p>Alphabet Inc&nbsp;closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).</p>


<p>Kuala Lumpur Kepong Bhd (KLK) is investigating allegations of unethical recruitment practices made against the sub-agents of SOS Manpower Service, its appointed agent to recruit Nepalese foreign workers for its subsidiary&nbsp;KL-Kepong Rubber Products Sdn Bhd.</p>

<p>The allegations, according to KLK, were made by <em>Sajha Sabal Media</em>, a news portal in Nepal.</p>


<p>The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).</p>


Perak to collaborate with rare earth elements company from South Korea, says MB

<p>Richly valued US&nbsp;stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.</p>


Lofty US stocks leave investors punishing earnings disappointments

<p>The nomination centre&nbsp;for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.</p>

<p>The announcement was made by returning officer Yuhanas Auree Kamaruddin&nbsp;at the Hulu Selangor Multipurpose Hall and District Sports Complex here.</p>


<p>Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.</p>


The Week Ahead: Attention on KKB by-election, FOMC decision, trade data in Asia

<p>Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.</p>


<p>US&nbsp;regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.</p>


US regulators seize troubled lender Republic First, sell it to Fulton Bank

<p>Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.</p>

<p>The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.</p>


Taiwan rattled by quakes again, no immediate reports of damage

<p>Nomination&nbsp;for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at&nbsp;the Hulu Selangor Multipurpose Hall and District Sports Complex here.</p>


Nomination opens at 9am for Kuala Kubu Baharu by-election

<p>Apple Inc&nbsp;has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.&nbsp;</p>


Apple intensifies talks with OpenAI for iPhone generative AI features

<p>China's industrial profits posted smaller gains for the first quarter compared to the first two months, official data showed on Saturday, adding to evidence of an uneven recovery for the world's second-biggest economy.</p>


<p>Bank of Singapore Ltd, the private-banking arm of Oversea-Chinese Banking Corp (OCBC), has fired up to 40 employees over the misuse of medical benefits, according to a <em>CNA </em>report.</p>


<p>The Kuala Kubu Baharu (KKB) state by-election&nbsp;is the time for Barisan Nasional (BN) to return Pakatan Harapan’s (PH) favour in assisting Umno candidates in the previous elections, said&nbsp;Datuk Seri Dr Ahmad Zahid Hamidi.</p>


<p>The Malaysian Anti-Corruption Commission (MACC) has opened an&nbsp;operations room for&nbsp;the public to channel information and complaints of corrupt acts and power abuse in the Kuala Kubu Baharu&nbsp;state by-election.</p>
