<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 6): Duopharma Biotech Bhd (KL:<a href="/askedge/klse/7148" class="ce-stock" target="_blank">DPHARMA</a>) has extended its group managing director (MD) Leonard Ariff Abdul Shatar’s contract for another year until Dec 31, 2025.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>According to the pharmaceutical company’s filing with Bursa Malaysia on Friday, Leonard Ariff’s contract will commence from Dec 9, 2024 until Dec 31, 2025.</p></div>

<div class=newsTextDataWrapInner><p>Leonard Ariff has served the role since Dec 28, 2017. Prior to his appointment as group MD, he served as the chief executive officer of CCM Duopharma Biotech Bhd from 2008 to 2017.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>CCM Duopharma was formerly a subsidiary of Chemical Company of Malaysia Bhd, but de-merged from the parent in December 2017.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Duopharma said it has developed a succession plan in relation to the group MD role, and is progressing under the stewardship of the company’s nomination and remuneration committee to facilitate a smooth and effective chief executive leadership transition in due course.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Duopharma is 44.11% owned by Permodalan Nasional Bhd (PNB). The Employees Provident Fund (EPF) also holds an 8.58% indirect stake in the group.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Duopharma closed unchanged at RM1.18 on Friday, giving it a market capitalisation of RM1.14 billion.</p></div>


KUALA LUMPUR (Sept 6): Duopharma Biotech Bhd (KL:DPHARMA) has extended its group managing director (MD) Leonard Ariff Abdul Shatar’s contract for another year until Dec 31, 2025.

Duopharma extends group MD Leonard Ariff’s contract

Japanese equities were primed to rise after fresh weakness in the yen, following a lackluster day on Wall Street that saw muted moves in stocks and government bonds.

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The legal counsel for Segambut Member of Parliament Hannah Yeoh has filed an appeal in the Court of Appeal on Thursday challenging the High Court's decision to dismiss her defamation suit against former inspector general of police Tan Sri Musa Hassan.

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

TNB, Samaiden, Gadang, Aizo, MyMBN, YTL Power, Kawan Renergy, Taghill, BHIC, Teck Guan, CCK, Lebtech, Southern Cable

Wall Street's main indexes drifted lower in light trading volumes on Thursday, as rising yields pressured some shares, while investors looked for a year-end boost from the so-called Santa Claus rally.

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Azerbaijan Airlines’ Embraer SA 190 aircraft was damaged by Russian air defence systems near Grozny before it crashed in Kazakhstan during an attempted emergency landing, according to Azerbaijan government-backed Caliber news website.

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YTL Power International Bhd (KL:YTLPOWR) said on Thursday that the Employees Provident Fund (EPF) has once again ceased to be a substantial shareholder in the multi-utility owner and operator after offloading 14.93 million shares.

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Keyfield International Bhd (KL:KEYFIELD) has issued its maiden RM200 million Islamic bonds (sukuk) under its sukuk wakalah programme of RM1 billion.

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<p>Boustead Heavy Industries Corp Bhd (KL:BHIC) has appointed former Royal Malaysian Air Force (RMAF) chief Tan Sri Roslan Saad as its independent non-executive chairman.</p>


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<p>Here is a brief recap of the business news and corporate announcements that made the headlines on Thursday.</p>


<p>YTL Power International Bhd (KL:YTLPOWR) said on Thursday that the Employees Provident Fund (EPF) has once again ceased to be a substantial shareholder in the multi-utility owner and operator after offloading 14.93 million shares.&nbsp;</p>


<p>Kawan Renergy Bhd co-founder and managing director Lim Thou Lai has pared his stake in the ACE Market-listed engineering services firm to 67.03%.</p>


Kawan Renergy MD Lim Thou Lai trims stake to 67%

<p>The legal counsel for Segambut Member of Parliament Hannah Yeoh has filed an appeal in the Court of Appeal on Thursday challenging the High Court's decision to dismiss her defamation suit against former inspector general of police Tan Sri Musa Hassan.</p>


<p>Finnish authorities said they had boarded and taken control on Thursday of an oil tanker travelling from Russia, on suspicion it had caused the outage on Wednesday of an undersea power cable and three internet lines connecting Finland and Estonia.</p>


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<p>Taghill Holdings Bhd (KL:TAGHILL), formerly known as Siab Holdings Bhd, said on Thursday that its wholly owned unit has received an adjudication claim from its subcontractor, seeking to recover an outstanding amount of RM2.59 million.</p>


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<p>The Taiping High Court has awarded RM1.8 million in damages to a former security guard who sustained a brain injury due to medical negligence during treatment following a motorcycle accident in 2016.</p>


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<p>Keyfield International Bhd (KL:KEYFIELD) has issued its maiden RM200 million Islamic bonds (sukuk) under its sukuk wakalah programme of RM1 billion.</p>


<p>The Malaysian Anti-Corruption Commission (MACC) aims to focus on eradicating corruption in procurement, enforcement and grand corruption to help the country's economy, reduce leakages and return misappropriated national assets and money next year.</p>


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<p>Wall Street's main indexes drifted lower in light trading volumes on Thursday, as rising yields pressured some shares, while investors looked for a year-end boost from the so-called Santa Claus rally.</p>


<p>Türkiye’s central bank lowered interest rates for the first time in almost two years after consumer inflation showed signs of easing and said that future easing steps would depend on price data.</p>

<p>The bank’s Monetary Policy Committee, led by governor Fatih Karahan, on Thursday cut its one-week repo rate to 47.5% from 50%, after keeping it on hold for eight months in a row.</p>


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<p>Recurring applications for US unemployment benefits rose to the highest in more than three years, adding to signs that it is taking longer for out-of-work people to find a job.</p>


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<p>US crude exports to China plunged by almost half this year as shifts in the nation’s economy weighed on demand and it bought more barrels from other countries including Russia and Iran.</p>

<p>Exports of US oil to China plunged to 81.9 million barrels over the course of the year, down 46% from 150.6 million barrels last year, according to data from Kpler.</p>


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<p>The turmoil that’s threatening to topple Prime Minister Justin Trudeau has members of his political party poring over the rulebook for replacing him.</p>

<p>Trudeau is under mounting pressure from elected lawmakers in his ruling Liberal Party to leave after nine years in power.</p>


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<p>The United Arab Emirates (UAE) will require companies to monitor and report their emissions in an effort to reach a target to become carbon neutral by 2050.</p>

<p>All companies with emissions equivalent to 500,000 tonnes or more of carbon dioxide per year are required to participate, according to legislation that comes into force on Dec 28.&nbsp;</p>


UAE companies to start tracking and reporting carbon emissions

<p>US retail sales rose 3.8% between Nov 1 and Dec 24, as intense promotion to drum up sales in what was expected to be a highly competitive holiday season for retailers prompted last-minute shopping among consumers.</p>


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<p>(Dec 26): Iraq, OPEC’s second-largest oil producer, is planning to cut the amount of gas it burns off unproductively to about 20% next year in an attempt to meet rising demand and reduce imports.</p>

<p>The country captured about 67% of the gas that is produced from oil fields at the end of 20...