<div class=newsTextDataWrapInner>SINGAPORE (June 27): Prudential has announced the appointment of Chan San San as the new chief executive officer of Prudential Singapore&nbsp;starting in September, subject to regulatory approval.</div>

<div class=newsTextDataWrapInner>She will report to Dennis Tan, the managing director of the Strategic Business Group, with oversight for Singapore, Thailand and Vietnam.</div>

<div class=newsTextDataWrapInner>Chan, a Singaporean, will succeed Tan, who currently holds the Singapore CEO role,&nbsp;in addition to his group MD position.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Tan will remain as the&nbsp;Singapore CEO until regulatory&nbsp;approval for Chan’s appointment is received<a href="https://www.theedgesingapore.com/news/corporate-moves/prudential-singapore-get-new-ceo-september" target="_blank">...(click here for the full story on theedgesingapore.com).</a></div>

Prudential has announced the appointment of Chan San San as the new chief executive officer of Prudential Singapore starting in September, subject to regulatory approval.

Prudential Singapore to get new CEO in September

FRESH from a win in the Kuala Kubu Bharu by-election in May, Pakatan Harapan (PH) is seeking to ride that momentum to reclaim the Sungai Bakap, Penang, state assembly seat in the by-election on July 6. 

PH — that is its lynchpin, Parti Keadilan Rakyat (PKR) — held the seat for thre...

Run-up To Sungai Bakap By-Election: PH, PN wrestle on local issues, but Umno votes an unknown

BMI, a Fitch Solutions company, has retained its 2024 forecast that the Malaysian ringgit will appreciate later this year, rising from RM4.70/USD currently to RM4.55/USD by end-2024.

Ringgit to strengthen gradually in 4Q2024 — BMI

CGS International believes Beshom will need a compelling MLM product if it wants to see a return of peak level earnings

MORNING CALL: 2/7/24

(July 2): Steve Ballmer passed Bill Gates on Monday to become the sixth-richest person in the world, the first time the former chief executive officer of Microsoft Corp. has been wealthier than the company’s co-founder.

The move came as Microsoft shares rose to a fresh record, bringing ...

Ballmer is richer than Gates, a first for Microsoft billionaires

Megacap growth stocks led by Apple and Tesla lifted the tech-heavy Nasdaq to a higher close on Monday, while the Dow and the S&P 500 also eked out slight gains in light pre-holiday trading.

Apple, Tesla lifts stocks to higher close in light pre-holiday trading

Global stocks edged higher in choppy trading on Monday, while US Treasury yields rose following France's historic elections and ahead of a string of economic data this week that could provide clues on the likelihood of Federal Reserve (Fed) interest rate cut.

World stocks, US yields gain after French election results

WASHINGTON (July 2): The president of the United States has been elevated to the status of "a king above the law." The occupant of the White House may order assassinations of political rivals without fear of prosecution. America's leader may now be insulated from criminal consequences for whateve...

US Supreme Court liberals lament ruling making the president 'a king above the law'

FRANKFURT, Germany (July 2): Following is reaction from Portugal's 3-0 penalty shootout win over Slovenia on Monday that sent them through to the quarter-finals at Euro 2024 where they will meet France.

Portugal captain Cristiano Ronaldo, who missed a penalty in extra time and scored on...

Reaction from Portugal's shootout win over Slovenia at Euro 2024

(July 2): Trump Media & Technology Group, which owns social media platform Truth Social, said on Monday it has been added to the Russell Indexes as part of their annual reconstitution.

The Russell Indexes include the Russell 1000 index of large-cap stocks and the Russell 2000 index ...

Trump Media joins Russell Indexes after annual refresh

UOB intends to continue collaborating with the Johor government to drive investment and trade into Malaysia, following the establishment of the Johor-Singapore special economic zone (SEZ).

UOB committed to bringing investments into Malaysia after meeting with Johor MB

Four multinational firms with total investments of RM7 billion have ceased operations in Malaysia during the first half of 2024, according to Minister of Investment, Trade, and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

Four multinational firms with investments totalling RM7b ceased operations in 1H2024 — Zafrul

The chief executive officer of a highway concessionaire who was arrested by the Malaysian Anti-Corruption Commission (MACC) in connection with the alleged bribery involving highway contracts worth RM1.67 billion has been released on bail.

The CEO, who has a "Datuk" title, was released on Monday, a day before his extended eight-day remand order expires on Tuesday. Arrested last Monday, he was originally remanded till Friday, until an order was obtained from the court to extend his remand.

CEO of highway concessionaire arrested over RM1.67 bil contracts released on bail

Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.

TM, Southern Score, TNB, Vitrox, PUC, Kinergy Advancement, Heineken Malaysia, Country Heights

UOB intends to continue collaborating with the Johor government to drive investment and trade into Malaysia, following the establishment of the Johor-Singapore special economic zone (SEZ).

Toyo Ventures Holdings Bhd (TVHB) (KL:TOYOVEN) said it has postponed the commencement of engineering, procurement, commissioning and construction (EPCC) works for its thermal power plant project in Vietnam by up to six months.

Toyo Ventures defers commencement of EPCC works for Vietnam thermal power plant

Country Heights Holdings Bhd (KL:CHHB) said on Monday that it is working closely with the Malaysian Department of Insolvency (MDI) to resolve the winding-up of its indirect wholly-owned subsidiary Mines Waterfront Business Park Sdn Bhd (MWBP) and return it to solvent status.

Country Heights working to return Mines Waterfront Business Park to solvent status

The development and implementation of the Central Database Hub (Padu) system over three years from 2023 to 2025 is expected to cost RM85.27 million, said Economy Minister Rafizi Ramli.

Padu expected to cost over RM85m over three years — Rafizi

Perdana Petroleum Bhd (KL:PERDANA) has announced the resignation of Datuk Hasmi Hasnan from its board of directors, effective Monday.

Dayang chairman quits Perdana Petroleum's board

The US Supreme Court for the first time on Monday recognised that ex-presidents have immunity from prosecution for certain actions taken in office, as it threw out a judicial decision rejecting Donald Trump's bid to shield himself from criminal charges involving his efforts to undo his 2020 election loss.

US Supreme Court rules Trump has immunity for official, not private acts 

Megacap growth stocks led by Apple and Tesla lifted the tech-heavy Nasdaq to a higher close on Monday, while the Dow and the S&amp;P 500 also eked out slight gains in light pre-holiday trading.

Digital payment solutions provider PUC Bhd (KL:PUC) said it has entered into a deal to sell some of its software and intellectual property (IP) rights for RM22 million cash.

The group's subsidiary Presto Technology Sdn Bhd is disposing of the software and IP — which includes patents, copyrights and trade secrets — to G Solution Tech Sdn Bhd, according to PUC's filing on Monday.

PUC to dispose of software, IP rights for RM22 mil

Global stocks edged higher in choppy trading on Monday, while US Treasury yields rose following France's historic elections and ahead of a string of economic data this week that could provide clues on the likelihood of Federal Reserve (Fed) interest rate cut.

Affin Bank Bhd (KL:AFFIN) on Monday said the company and its wholly-owned unit Affin Hwang Investment Bank Bhd have established a commercial paper (CP) and medium-term notes (MTN) programmes, with a combined value of RM5 billion.

Affin Bank, Affin Hwang establish commercial papers and MTN programmes worth RM5b

(July 2): Steve Ballmer passed Bill Gates on Monday to become the sixth-richest person in the world, the first time the former chief executive officer of Microsoft Corp. has been wealthier than the company’s co-founder.

The move came as Microsoft shares rose to a fresh record, bringing ...

Sarawak has no intention of seizing Petronas' rights; instead, it views the company as a partner in the national oil and gas (O&amp;G) industry, says Sarawak Premier Tan Sri Abang Johari Tun Openg.

He said that all the initiatives taken by Sarawak in O&amp;G industry, particularly through Petroleum Sarawak Bhd (Petros), are based on existing rights and laws.

Sarawak Premier reaffirms partnership with Petronas in O&G industry

A workers' union at Samsung Electronics in South Korea said on Monday it would launch a general strike until its demands for better pay and time off were met, warning of more damaging action against the country's most powerful conglomerate than its one-day walkout last month.

Samsung Electronics union in South Korea declares general strike

Banking stocks lifted the Dow, while semiconductor shares weighed on the Nasdaq on Monday as focus moves to labour market data due later in the week for cues on the Federal Reserve's monetary policy path.

Banks lift Dow, semiconductor shares weigh on Nasdaq

US manufacturing contracted for a third straight month in June and a measure of prices paid by factories for inputs dropped to a six-month low amid weak demand for goods, indicating that inflation could continue to subside.

US manufacturing mired in weakness; prices paid gauge hits six-month low

An elderly voter from Kampung Sungai Buaya here was pleasantly surprised when a political campaign visit to his home for the Sungai Bakap by-election revealed that Pakatan Harapan (PH) candidate Dr Joohari Ariffin was an old acquaintance.

Che Dan Razak, 85, took a moment to study Joohari's campaign poster before realising that they knew each other from his days as an imam at Masjid Kampung Besar and teaching religious studies in Sungai Bakap.

Sg Bakap polls: Former imam delighted by unexpected reunion with Joohari

A car hit pedestrians near Seoul city hall, killing six people and injuring at least eight, South Korea's Yonhap news agency reported, citing a police official, who said there could be more casualties.

A police official told Reuters officers were investigating at the scene, and declined to give further information.