<div class=newsTextDataWrapInner>SINGAPORE (Aug 28): Great Eastern Holdings Ltd’s group CEO Khor Hock Seng will retire on Oct 31 this year, according to a press release on Wednesday. He will be replaced by Greg Hingston, with effect from Nov 1.&nbsp;</div>

<div class=newsTextDataWrapInner>Hingston comes with over 20 years of experience working in Asia, spending the last 18 years with The Hong Kong and Shanghai Banking Corporation (HSBC). He has held various senior executive management positions across<a href="https://www.theedgesingapore.com/news/new-appointments/great-easterns-group-ceo-khor-hock-seng-retire-october" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div>
</div><div class=inPageAd id=div-gpt-ad-inpage>

SINGAPORE (Aug 28): Great Eastern Holdings Ltd’s group CEO Khor Hock Seng will retire on Oct 31 this year, according to a press release on Wednesday. He will be replaced by Greg Hingston, with effect from Nov 1.

Greg Hingston to be Great Eastern’s new group CEO on Nov 1, replacing Khor Hock Seng who retires on Oct 31

Gold prices declined as much as 2% on Monday as investors booked profits following a five-session rally to a three-week high, while the announcement of fund manager Scott Bessent as the new US Treasury secretary tempered safe-haven buying.

Gold sheds 2% on profit taking, US Treasury secretary news

Shares of Mi Technovation Bhd (KL:MI) extended their rally into the third straight day on Monday, after the semiconductor company reported better-than-expected results.

Mi Technovation shares extend rally as results beat estimates

Germany’s business outlook slid in November, remaining subdued due to the collapse of the government and the threat of trade tariffs following Donald Trump’s re-election as US president.

German business outlook stays subdued after government falls

French oil major TotalEnergies SE was not informed of a US investigation into possible bribery and corruption at Adani Green Energy Limited, it said on Monday, adding it will stop financial contributions to investments with Adani Group companies following last week's US federal indictment.

TotalEnergies pauses business with Adani, says it was not aware of US investigation

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Monday.

FBM KLCI up 0.48% to 1,597.45 on Nov 25, 2024

A DHL cargo plane crashed as it came into land at Lithuania's Vilnius airport early on Monday, skidding into a house and killing one person on the aircraft.

The three other people onboard were injured but no one on the ground was hurt, officials said.

DHL cargo plane crashes as it nears Lithuania airport, killing one

Eraman, Malaysia Airports (Niaga) Sdn Bhd’s duty-free and retail brand, aims to have local brands occupy 10% of its total retail and food and beverages space from the current 6% at all airports where it operates.

Eraman aims for local brands to occupy 10% of total space in its airport duty-free malls

India's Parliament was suspended on Monday after opposition lawmakers disrupted it demanding a discussion over bribery allegations against Adani Group, and Adani dollar bond prices fell to almost one-year lows as investors and lenders weighed the case.

Indian Parliament disrupted over Adani bribery allegations; bonds slide to year low

The French government offered to buy advanced computing assets of Atos SE for as much as €625 million (RM2.91 billion) after an earlier state offer expired.

The non-binding bid values the business at €500 million and may include additional payments based on future earnings, the company said in a statement on Monday.

Atos gets up to €625 mil offer for assets in French bid

Insta360, a Chinese rival to GoPro Inc with backers including IDG Capital, is considering an initial public offering in Hong Kong as plans for a listing in mainland China stall, according to people familiar with the matter.

Chinese GoPro competitor Insta360 said to consider Hong Kong IPO

Malaysia’s third-quarter results season has been ‘disappointing’ so far, said CIMB Securities, warning of downside risks to its earnings forecasts for stocks on the benchmark index.

Malaysia's 3Q earnings 'disappointing' so far as forex losses weigh, CIMB says

The High Court on Monday has quashed the seizure of Swatch's rainbow-themed ‘Pride collection’ watches, holding that the May 2023 move was made before confiscation notices were issued and without any warrant.

High Court quashes Swatch seizure by Home Ministry

Chemical management and storage company TMK Chemical Bhd has unveiled the prospectus for its Main Market initial public offering (IPO) to raise some RM385 million, as part of its plan for the expansion of its plant, construction of new facilities and acquisition.

TMK Chemical unveils prospectus for RM385 mil IPO, priced at RM1.75 apiece

IJM Corporation Bhd (KL:IJM) may acquire a 50% stake in financially troubled UK-based construction firm JRL Group, according to multiple news reports.

IJM Corp said to buy 50% stake in troubled UK construction firm JRL

The Indonesian sister company of Mr DIY Group (M) Bhd (KL:MRDIY) will list shares in Jakarta through an initial public offering (IPO) that seeks to raise as much as 4.7 trillion rupiah (US$297 million or RM1.32 billion), in what would be the nation’s biggest listing in more than a year.

Mr DIY's Indonesian business plans IPO to raise up to US$297 mil

Ambulatory eyecare centre TopVision Eye Specialist Bhd (KL:TOPVISN) aims to raise RM17.89 million with its initial public offering (IPO) at 33 sen per share, in conjunction with its transfer from the LEAP Market to the ACE Market of Bursa Malaysia.

TopVision Eye Specialist sets IPO price at 33 sen to raise RM17.9m in conjunction with ACE Market transfer

Asian stocks rallied with US equity futures on Monday, while the dollar retreated against rivals as bond yields slid following the selection of fund manager Scott Bessent as the next US Treasury secretary, with investors expecting he will be a voice for markets in Washington.

Stocks bounce, dollar slides with bond yields on Bessent pick

The federal government may consider "other proposals" after facing pushback from highway concessionaires on the implementation of the multi-lane free flow (MLFF) system.

Govt may explore alternatives as concessionaires push back on RM3.5b barrierless toll system

The High Court on Monday dismissed former prime minister Datuk Seri Najib Razak's application to "permanently stay" the criminal trial regarding International Petroleum Investment Co (IPIC).

Court rejects Najib's application for permanent stay in IPIC trial

Local institutions were the primary supporters of Bursa Malaysia for the fifth consecutive week, recording a net inflow of RM250.6 million last week, up from RM207.7 million in the previous week.

In its fund flow report for the week ending Nov 22, MIDF Amanah Investment Bank Bhd (MIDF) noted that while there was a net outflow of RM19.6 million from local institutions on Tuesday, the inflows on other days of the week more than offset this decline.

Bursa boosted by RM250.6 mil investments from local institutions last week

The sharp rebuke that the Gambling Regulatory Authority (GRA) of Singapore delivered to Resorts World Sentosa Pte Ltd (RWS) for an “unsatisfactory performance” in relation to its integrated resort (IR) comes as a surprise, considering that RWS has committed to investing billions in its facility there.

Frankly Speaking: Genting’s challenge in Singapore involves more than gaming

The submission of the Real Property Gains Tax (RPGT) Form electronically via e-CKHT on the MyTax portal will be mandatory starting Jan 1, 2025.

Submission of real property gains tax form must be made via e-CKHT on MyTax portal from January 2025 — IRB

CGS International expects Affin Bank Bhd's (KL:AFFIN) net profit for the fourth quarter ending Dec 31, 2024 (4QFY2024) to come in lower on a quarterly basis, as it does not expect the bank to see a high write-back in loan loss provision.

Affin's 4Q earnings to decline q-o-q on absence of high loan loss provision write-back — CGS

Malaysia's hiring outlook continues to see some mismatch in benefits expectations between organisations and professionals going into 2025, which forms roadblocks for&nbsp;organisations looking for the right talent, a survey showed.&nbsp;

Talent search challenged by salary demand, rising competition in Malaysia, survey shows

Parties will submit further on Wednesday (Nov 27) on whether former prime minister Datuk Seri Najib Razak and former Treasury secretary general Tan Sri Mohd Irwan Serigar Abdullah should be granted a discharge not amounting to an acquittal (DNAA) in their criminal trial regarding International Petroleum Investment Co (IPIC).

DNAA for Najib, Irwan? Parties to submit further on Wednesday

SARAWAK is expected to announce by the end of the month plans for the development of a deep-sea port with liquefied natural gas (LNG) facilities. The port is estimated to cost between RM25 billion and RM30 billion and will be located off the coast of Kuching.&nbsp;

Currently, details ab...

Sarawak to unveil plans for a RM30 bil deep-sea port off the coast of Kuching

TMK Chemical Bhd, set to list on Bursa Malaysia's Main Market in December,&nbsp;plans to double its annual manufacturing capacity, with its second plant funded by the initial public offering (IPO) proceeds.

TMK Chemical to double capacity with new plant funded by IPO proceeds

Malaysia must strengthen its collaboration&nbsp;with other countries to mitigate the risks posed by a fragmented global supply chain, especially amid escalating US-China trade tensions, following Donald Trump’s return to the US presidency, Deputy Investment, Trade and Industry Minister Liew Chin Tong said on Monday.

Miti: Malaysia to work with middle powers to address bifurcation of supply chain amid US-China trade war

Shares of Mi Technovation Bhd (KL:MI) extended their rally into the third straight day on Monday, after the semiconductor company reported better-than-expected results.

Sarawak is set to finalise the sale and purchase agreement for MASwings, a subsidiary regional airline of Malaysia Aviation Group (MAG), by next month, said Premier Tan Sri Abang Johari Tun Openg.