<div class=newsTextDataWrapInner><p>(Aug 6):&nbsp;Citigroup Inc&nbsp;named Yeo Wenxian as head of wealth management for the South Asia region and the United Arab Emirates (UAE), effective Nov 1 this year.</p></div>

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<div class=newsTextDataWrapInner><p>Yeo joined the US bank from DBS Group Holdings Ltd, where the Singaporean spent 13 years and was a top executive at a local wealth unit known as Treasures, according to an internal memo sent by wealth chief Andy Sieg on Tuesday. A spokesperson for the bank confirmed its contents.</p></div>

<div class=newsTextDataWrapInner><p>She will report to Sieg, and oversee Citi’s retail onshore and offshore wealth management businesses in the regions.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Yeo will also become chief executive officer of Citibank Singapore, subject to regulatory approval, according to the memo.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Liza Shireen Koshy</em></p></div>
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(Aug 6): Citigroup Inc named Yeo Wenxian as head of wealth management for the South Asia region and the United Arab Emirates (UAE), effective Nov 1 this year.

Citi hires DBS’ Yeo to head wealth unit in South Asia and UAE

Eight men suspected of plotting to install a Nazi regime in eastern states of Germany were arrested amid a massive police operation early on Tuesday.

About 450 law enforcement officials are raiding premises in cities in the state of Saxony, as well as in Austria and in Poland, where one of the men was picked up, according to a statement by Germany’s federal prosecutor.

Nazi takeover plot suspects arrested in German police raids

Trading in the shares of Smile-Link Healthcare Global Bhd (KL:SMILE) and MCOM Holdings Bhd (KL:MCOM) will be suspended on Friday (Nov 8) due to the two LEAP Market companies' failure to submit their annual audited financial statements for the period ended June 30, 2024, said Bursa Malaysia Securities.

LEAP Market-listed Smile-Link, MCOM to be suspended after failing to meet results deadline

IOI Corp Bhd (KL:IOICORP) said on Tuesday it has allocated part of its aged plantation landbank in Johor to build a solar power plant, in a move to venture into the renewable energy sector.

IOI Corp allocates land in Johor for solar power plant

When Reuters reported in April that Tesla had scrapped plans for a long-promised, next-generation US$25,000 (RM108,937) electric vehicle, the automaker’s stock plunged. Chief executive Elon Musk rushed to respond on X, his social-media network.

Musk now says it's 'pointless' to build a US$25,000 Tesla for human drivers

Investors ramped up oil futures and options trading in October to record levels in a bid to hedge growing uncertainty as war rages on in the Middle East and a bearish 2025 supply and demand outlook looms, triggering big swings in crude prices.

Oil hedging activity hits record in October as traders eye market risks

The US$32 billion (RM139.18 billion) cannabis industry in the US is expected to expand after being on the ballot in four US states on Tuesday. That includes what would be a major market in Florida, where billionaire Ken Griffin has been outspent by the cannabis industry.

The cannabis industry is set to grow — so is its environmental impact

Universal Music Group NV has filed a lawsuit against French record label Believe SA seeking damages of at least US$500 million (RM2.17 billion) over copyright infringement.

Universal Music sues Believe over copyright infringement claims

TCS Group Holdings Bhd (KL:TCS) has secured a RM86.38 million contract from Sime Darby Property Bhd (KL:SIMEPROP) for the construction of 60 units of two-storey semi-detached factories at the Elmina Business Park in Sungai Buloh.

TCS Group secures RM86m construction contract from Sime Darby Property

Palantir Technologies Inc reported quarterly revenue that beat analysts’ estimates and raised its forecast for operating income in the current period, citing high demand in the US for its artificial intelligence (AI) software.

Palantir reports record 3Q profit, cites ‘unwavering’ AI demand

Shares of Petronas Chemicals Group Bhd (KL:PCHEM) fell to their lowest in four and a half years after dropping 44 sen or 8.04% to close at RM5.03 on Tuesday, a level last seen in April 2020, as expectations mount that the group would be posting weaker results.

PetChem shares dive to lowest in over four years as expectations for weaker earnings mount

<p>The High Court here has ordered an automotive trader of parts and lubricants to pay RM516,777 to Perodua Otomobil Kedua Sdn Bhd and Perodua Sales Sdn Bhd for selling counterfeit Perodua lubricants bearing Perodua trademarks.</p>


Automotive trader ordered to pay RM516k to Perodua for selling counterfeit lubricants

<p>KUALA LUMPUR (Nov 5): The Road Transport Department (RTD) and the Transport Ministry have been issued a letter of demand (LOD) over alleged copyright infringement in relation to the special “MADANI” vehicle number plates.</p>


Special ‘MADANI’ vehicle number plates: RTD, Transport Ministry hit with letter of demand for ‘copyright infringement’

<p>WHILE equity analysts are mixed on the possible outcome of the much-anticipated US presidential election on Tuesday (Nov 5), they observe that investors are taking a wait-and-see approach since a Democratic or Republican victory will have a different impact on market sentiments and performance.</p>


Trump or Harris win will impact market differently, say analysts

<p>KUALA LUMPUR (Nov 5): Palm oil prices will strengthen in 2025, as tight supply of edible oil boosts earnings of Malaysian planters, AmInvestment Bank said in recommending that investors add exposure to the sector.</p>


Palm oil prices set to rally in 2025, with AmInvestment now overweight on plantation

<p>Maybank Investment Bank has warned Asean investors of potential economic turbulence and a surge in trade tensions, amid anticipation of more import tariff hikes&nbsp;if Donald Trump wins a second term as the US president.</p>


Maybank IB tells clients to go defensive, warns of potential economic risks brought by new US president

<p>The top 15% (T15) income group to be excluded from the proposed targeted RON95 petrol subsidy will not be solely defined by the Household Income Survey, said Finance Minister II Datuk Seri Amir Hamzah Azizan.</p>


Household income not sole measure for defining T15, says Amir Hamzah of targeted RON95 subsidy

<p>THE Genting group seems to have been dealt several bad hands in North America this year.</p>

<p>About three weeks ago, Genting Malaysia Bhd’s (GenM) (KL:GENM) indirect wholly-owned subsidiary Genting Americas Inc, which operates the Resorts World Bimini (RW Bimini) in the Bahamas, was named by...

Cost of seeking growth abroad for Genting Malaysia

<p>Logistics service firm Xin Hwa Holdings Bhd (KL:XINHWA) said on Tuesday its cargo transport unit’s licence to transport goods has been suspended by authorities, which it expects to adversely impact its operations.</p>


Xin Hwa warns of adverse impact as cargo transport unit’s licence suspended by authorities

<p>KUALA LUMPUR (Nov 5): Malaysia aims to attract both affluent locals and foreigners having assets under management (AUM) between RM500 million and RM1.2 billion to establish their family offices in the country over the next five years.</p>


Amir Hamzah: Malaysia to attract family offices with assets of RM500m to RM1.2b

<p>Malaysia's rubber glove export is expected to climb 16% to a new record of RM13.7 billion in 2024, following the historic high of RM11.8 billion achieved in 2023, said Deputy Plantation and Commodities Minister Datuk Chan Foong Hin.</p>


Malaysia's rubber glove exports to hit new record high this year, says Plantation Ministry

<p>The liquidator of Semantan Estate (1952) Sdn Bhd, the firm embroiled in the ‘Duta Enclave’ dispute, is appealing against the High Court’s decision on Sept 12&nbsp;to allow a stay to the Federal Territory Land Registrar of having to register the transfer of ownership from the Malaysian government to the company within three months of its Aug 7 decision.</p>


Semantan Estate liquidator also appealing stay granted to FT Land Registrar

<p>Stocks were steady on Tuesday but implied volatility ratcheted up in currency markets in an early indication of the market frenzy to come, as the world awaits the outcome of a knife-edge US election.</p>


Currencies jumpy, stocks stable with all eyes on US election 

<p>IHH Healthcare Bhd (KL:IHH) has completed the acquisition of Island Hospital, a 600-bed facility in Penang, for an equity consideration of approximately RM3.9 billion.</p>


IHH Healthcare completes acquisition of Island Hospital in Penang for RM3.9 bil

<p>ON Tuesday, Nov 5, Americans will go to the polls to elect their 47th president. Incumbent Joe Biden’s four-year term of office ends at noon on Jan 20 next year, when a new president will be sworn in. Since mid-July when Biden, 82, announced that he would not seek re-election, the race has litera...

Who will win the US election and should you care?

<p>The federal government will incorporate policies for the adoption of nuclear energy in the nation's energy mix under the upcoming 13th Malaysia Plan, set to be implemented from 2026 to 2030, as part of its goal to achieve net zero carbon emissions by 2050.</p>


Government to include nuclear energy policies in 13th Malaysia Plan — Rafizi

<p>KUALA LUMPUR (Nov 5): Shares of Dayang Enterprise Holdings Bhd (KL:DAYANG) rose on Tuesday after bagging a contract, and analysts say the win reinforced their view that the oil-and-gas services firm would be in line for more jobs.</p>


Dayang Enterprise’s shares rally on contract win, analysts upbeat on more jobs ahead

<p>Boeing's US West Coast factory workers accepted a new contract offer on Monday, ending a bitter seven-week strike that halted most jet production and deepened a financial crisis at the troubled planemaker.</p>


Boeing strike ends as workers accept new contract

<p>KUALA LUMPUR (Nov 5): The method for determining the T15 group, the search efforts for flight MH370 and measures taken by&nbsp;the government&nbsp;to address delays in&nbsp;flood mitigation projects&nbsp;will be&nbsp;among highlights of Tuesday’s&nbsp;Dewan Rakyat sitting.</p>


MH370 search efforts, T15 determination method among highlights of Parliament on Tuesday

<p>Shares of Petronas Chemicals Group Bhd (KL:PCHEM) fell to their lowest in four and a half years after dropping 44 sen or 8.04% to close at RM5.03 on Tuesday, a level last seen in April 2020, as expectations mount that the group would be posting weaker results.</p>


<p>KUALA LUMPUR (Nov 5): IOI Corp Bhd (KL:IOICORP) estimates that the revision of the new minimum wage to RM1,700 from RM1,500, together with the introduction of mandatory foreign worker contribution to the Employees Provident Fund (EPF) that was announced recently under Budget 2025, will impact less than 1.5% of the group’s annual net profit.</p>
