<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 8): PETRONAS Dagangan Bhd (KL:<a href="/askedge/klse/5681" class="ce-stock" target="_blank">PETDAG</a>) on Friday announced the appointment of Petroliam Nasional Bhd (PETRONAS) executive vice president Datuk Sazali Hamzah as its new chairman, effective immediately.</p></div>

<div class=newsTextDataWrapInner><p>He replaces Datuk Anuar Ahmad, who retired on April 27, according to the retail arm of PETRONAS in a filing with Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Sazali, 60, is currently also chief executive officer (CEO) of PETRONAS’ downstream business. He also serves as chairman of PETRONAS Chemicals Group Bhd.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Sazali was previously managing director and CEO of PETRONAS Chemicals Group Bhd from May 8, 2014 to Dec 31, 2021. Prior to that, he was managing director and CEO of PETRONAS Penapisan (Melaka) Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>He has also held several senior positions within PETRONAS, including senior general manager of Group Technology Solutions and head of Project Management and Delivery, as well as other leadership roles across the refinery and petrochemical businesses.</p></div>

<div class=newsTextDataWrapInner><p>PETRONAS Dagangan shares rose 20 sen or 1% to RM20.76 at noon break, giving it a market capitalisation of RM20.6 billion.</p></div>


PETRONAS Dagangan Bhd (KL:PETDAG) on Friday announced the appointment of Petroliam Nasional Bhd (PETRONAS) executive vice president Datuk Sazali Hamzah as its new chairman, effective immediately.

PETRONAS Dagangan appoints Sazali Hamzah as chairman

Asian stocks and bonds were set to rise, tracking a Wall Street rally as a pullback in oil prices eased inflation concerns and helped revive appetite for risk. The yen was steady ahead of the Bank of Japan’s rate decision.

Asian stocks to gain on lower oil, US bonds rally

Oil dropped for a third day as supply concerns eased and traders looked to the next round of diplomacy that’ll shape the US-Iran war. West Texas Intermediate fell toward US$101 a barrel after shedding almost 4% over the two previous sessions, while Brent closed below US$105.

Oil drops for third day as supply concerns ease in Middle East

DoubleLine Capital chief executive Jeffrey Gundlach warned that the next US downturn could trigger a debt crisis that sends long-term Treasury yields sharply higher — defying decades of conventional wisdom that bonds will always serve as safe haven during times of economic strife.

DoubleLine’s Gundlach warns of fiscal crisis in next recession

Stocks joined bonds higher as falling oil prices lent support to optimism that inflation can be kept under control a day after the Federal Reserve raised interest rates for the first time since 2023.

Stocks, bonds rise after Fed-day drop as oil falls

Police will submit the investigation papers on Selangor delegate Datuk Noorazli Said’s speech at the 2026 Umno General Assembly on Sunday to the Attorney General’s Chambers (AGC) on Friday.

Police to submit investigation papers on Umno delegate’s speech to AGC on Friday

Yang Dipertuan Besar of Negeri Sembilan Tuanku Muhriz Tuanku Munawir expressed his appreciation for the support shown by over 200 members of non-governmental organisations (NGOs) who gathered at Kuala Lumpur International Airport (KLIA) Terminal 1 here on Thursday night to welcome his arrival.

Tuanku Muhriz expresses gratitude to supporters upon return at KLIA

China is establishing a vast airspace security zone roughly the size of Italy around Beijing, barring all but commercial, approved business and emergency flights, months after a small aircraft crashed into the capital's tallest building.

A permanent 600-kilometre-wide circle of "Special Restricted Area" centred around Beijing will take effect from September 20, an aviation notice attributed to Beijing airspace control authorities and available through the US Federal Aviation Administration's public NOTAM search system reviewed by Reuters showed.

China creates Italy-sized no-fly zone around Beijing after rare crash

Investors are gaining more confidence in the Federal Reserve's inflation-fighting backbone, but uncertainty about how far it will raise interest rates to keep prices in check is likely to cause volatility for stocks and bonds in the weeks ahead.

The US central bank on Wednesday raised rates for the first time since 2023, a widely expected move as it seeks to address persistently above-target inflation, despite repeated public calls by President Donald Trump for rate cuts. Bond yields pulled back on Thursday, after a long run-up which had partly reflected worries over whether the central bank would take action.

Fed builds credibility, but hawkish turn leaves investors edgy

The Negeri Sembilan state administration said it will not gazette or take any action to implement a proclamation seeking to remove Yang di-Pertuan Besar Tuanku Muhriz Tuanku Munawir from office, after accepting advice from the Attorney General’s Chambers (AGC).

Negeri Sembilan state secretary’s office will not act on proclamation to remove Tuanku Muhriz

Britain's King Charles warned AI leaders on Thursday of the "existential dangers" posed by the technology falling into the wrong hands, saying safeguards were needed before it was too late.

Charles was hosting the co-founders of chipmaker Nvidia and the Google DeepMind AI research laboratory, along with leaders from the AI providers OpenAI and Anthropic, in Scotland as concern grows that safety efforts are lagging behind the development of increasingly powerful systems.

King Charles warns AI leaders of 'existential dangers'

<p>The Federal Territories Pardons Board is reconvening on Friday to discuss former prime minister Datuk Seri Najib Razak's clemency application over his conviction in the 1Malaysia Development Bhd scandal, after the matter was deferred at the previous board meeting last week, according to <i>The Straits Times</i>.</p>


Pardons Board to reconvene Friday for Najib's clemency bid — report

<p>KUALA LUMPUR (Sept 17): The Attorney General's Chambers (AGC) is of the view that the Negeri Sembilan executive council (exco) and menteri besar have no unilateral authority to terminate or declare the office of the Yang di-Pertuan Besar vacant, and deems the April 19 proclamation to depose Tuanku Muhriz Tuanku Munawir as unconstitutional.</p>


AGC says Negeri Sembilan exco has no power to vacate throne, move to depose Tuanku Muhriz unconstitutional

<p>The Negeri Sembilan state administration said it will not gazette or take any action to implement a proclamation seeking to remove Yang di-Pertuan Besar Tuanku Muhriz Tuanku Munawir from office, after accepting advice from the Attorney General’s Chambers (AGC).</p>


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


Binastra, Reservoir Link, Batu Kawan, MKH Oil Palm, Cuscapi, Glomac, Bintulu Port, Enproserve

<p>Iron ore trader Radiant World may hold just US$10,000 (RM40,990) in cash despite its most recent financial statements referring to cash balances of over US$200 million, lawyers for a Jefferies-linked fund suing over an alleged fraud said on Thursday.</p>


Jefferies-linked fund says Radiant World may hold just US$10,000 in cash

<p>Police will submit the investigation papers on Selangor delegate Datuk Noorazli Said’s speech at the 2026 Umno General Assembly on Sunday to the Attorney General’s Chambers (AGC) on Friday.</p>


<p>Batu Kawan Bhd (KL:BKAWAN) has increased its shareholding in MKH Oil Palm (East Kalimantan) Bhd (KL:MKHOP) to 79.58% following the conclusion of its mandatory general offer (MGO).</p>


Batu Kawan raises MKH Oil Palm stake to 79.58% after MGO

<p>The runway at Kota Kinabalu International Airport (KKIA) reopened at 11.30pm Thursday night after final safety checks, Malaysia Airports said.</p>


Kota Kinabalu airport runway reopens

<p>China has privately asked Tehran to help rein in Yemen's Houthis after an appeal to Beijing by Saudi Arabia following the Iran-backed group's military blitz in the past week, according to three Iranian sources familiar with the matter.</p>


China presses Iran to help rein in Houthis after Saudi appeal — Reuters

<p>Alliance Bank Malaysia Bhd (KL:ABMB) has been recognised as “Malaysia’s Best Bank for SMEs” by global financial magazine publisher Euromoney.</p>


Alliance Bank bags Euromoney award for Malaysia’s best bank for SMEs

<p>Construction company Taghill Holdings Bhd (KL:TAGHILL) said its wholly-owned subsidiary Siab Construction Sdn Bhd has been placed under interim judicial management by the High Court.</p>


Court grants interim judicial management order for Taghill’s financially distressed unit

<p>The major US stock indices jumped on Thursday as a pullback in oil prices boosted sentiment, with the Federal Reserve's first rate hike under chair Kevin Warsh reassuring investors of the central bank's commitment to tackling inflation.</p>


Wall Street climbs as easing oil prices offer reprieve after Fed rate hike

<p>Malaysia’s healthcare debate has traditionally been framed around two systems.&nbsp;</p>

<p>On one side is our public healthcare system, heavily subsidised and built on the principle that Malaysians should have access to healthcare regardless of their ability to pay; on the other is a large private healthcare sector offering greater choice, convenience, and capacity, but increasingly facing questions of affordability.&nbsp;</p>


Opinion: Building a social market for Malaysian healthcare

<p>Yang Dipertuan Besar of Negeri Sembilan Tuanku Muhriz Tuanku Munawir expressed his appreciation for the support shown by over 200 members of non-governmental organisations (NGOs) who gathered at Kuala Lumpur International Airport (KLIA) Terminal 1 here on Thursday night to welcome his arrival.</p>


<p>Corporate treasury teams in Malaysia are bullish about artificial intelligence (AI) and digital currencies — more so than their regional peers, based on their optimism and adoption intent — even as they grapple with legacy infrastructure hurdles, according to a report by HSBC.</p>


Treasury teams in Malaysia bullish about AI and digital currencies — HSBC

<p>China is establishing a vast airspace security zone roughly the size of Italy around Beijing, barring all but commercial, approved business and emergency flights, months after a small aircraft crashed into the capital's tallest building.</p>

<p>A permanent 600-kilometre-wide circle of "Special Restricted Area" centred around Beijing will take effect from September 20, an aviation notice attributed to Beijing airspace control authorities and available through the US Federal Aviation Administration's public NOTAM search system reviewed by Reuters showed.</p>


<p>Australia is considering barring the use of camera-equipped smart glasses in government workplaces due to privacy and security concerns, in what it said could be the first ban of its kind.</p>


Australia considers banning use of smart glasses in govt buildings

<p>Malaysians have always been fascinated by the household names of colossal tech giants leading the global AI race. These names bring global reputation and prestige. However, many may not realise that these multinational tech giants are set to physically establish their presence in Malaysia within ...

Opinion: The price of first place in the AI foreign investment race

<p>As Chinese automakers search Europe for production sites ahead of expected EU local content rules, BYD's European adviser says he's always running into rivals' executives in airport lounges on the same quest.</p>


Chinese automakers scour Europe for factories ahead of EU local content rules, says BYD adviser

<p>The number of Americans filing claims for unemployment benefits unexpectedly fell last week, but the decline likely overstates the health of the labour market.</p>
