<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 12): RAM Holdings Bhd announces the retirement of Chris Lee Wai Kit as group chief executive officer and executive director of RAM Holdings and RAM Rating Services Bd (RAM Ratings), effective Sept 30, 2026, with Julie Ng stepping in as its acting chief.</p></div>

<div class=newsTextDataWrapInner><p>In a press statement on Monday, chairman of RAM Holdings and RAM Ratings, Datuk Kamaruddin Taib, thanked Lee for his service.</p></div>

<div class=newsTextDataWrapInner><p>“His contributions supported the group’s continued steady development, and his commitment to RAM and its values will be remembered,” said Kamaruddin.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Ng has been appointed as acting group CEO of RAM Holdings effective Oct 1 &nbsp;and executive director of RAM Ratings effective Oct 15.</p></div>

<div class=newsTextDataWrapInner><p>The group said Ng will continue as CEO of RAM Ratings, which she has been since April 2024.</p></div>

<div class=newsTextDataWrapInner><p>With over 32 years of experience, Ng has spearheaded numerous strategic initiatives across credit ratings, credit risk management, financial services consultancy, data analytics and research.</p></div>

<div class=newsTextDataWrapInner><p>Kamaruddin said: “Julie’s appointment reflects the board's confidence in her leadership to advance the RAM Group in its next phase of transformation and growth while upholding the independence, integrity and excellence that underpin our reputation.”&nbsp;</p></div>


RAM Holdings Bhd announces the retirement of Chris Lee Wai Kit as group chief executive officer and executive director of RAM Holdings and RAM Rating Services Bd (RAM Ratings), effective Sept 30, 2026, with Julie Ng stepping in as its acting chief.

Chris Lee retires as RAM group CEO; Julie Ng is acting chief

Indian factories, smelters and households are being hit by blackouts and rising energy costs as the impact of plunging coal stockpiles at the country’s power stations ripples through the economy.

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The National Cooperative Organisation of Malaysia Bhd (Angkasa) has suggested that all registered cooperatives, including mosque cooperatives, fulfil the qualification requirements to become MyKasih store business partners.

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China’s thermal coal prices climbed to a three-year high as sluggish domestic production growth and disruptions in top exporter Indonesia coincide with an energy rally driven by the US-Iran war.

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Goldman Sachs Group Inc strategists are turning positive on global stocks for the short term, citing a boost from strong earnings for markets already trading near all-time highs.

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HSBC Holdings Plc will phase out fixed-pay allowances for its senior staff and instead hand out a greater proportion of its compensation in the form of bonuses.

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Schools across Johor, Melaka, Negeri Sembilan and Putrajaya will be closed Tuesday amid the ongoing haze.

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A privatisation offer for Tong Herr Resources Bhd (KL:TONGHER) is 'not fair but reasonable', the appointed independent adviser said in calling for minority shareholders to accept the deal.

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European shares and US futures edged higher on Monday after a choppy session in Asia as oil prices retreated, while investors looked ahead to key US inflation data and the beginning of the earnings season.

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<p>KUALA LUMPUR (Oct 12): Genting Bhd (KL:GENTING) fell to its lowest in nearly two decades after the gaming conglomerate announced a RM1.25 billion cash call to pare down borrowings.</p>


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<p>KUALA LUMPUR (Oct 12): The High Court on Monday fixed June 14 next year for case management over the Malaysian Bar’s legal challenge against the Attorney General’s decision to drop its investigation against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi in the Yayasan Akalbudi case.</p>


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<p>AirAsia (KL:AAGB) co-founder Tan Sri Tony Fernandes met with officials from Malaysia's Finance Ministry two weeks ago to discuss potential government support for Southeast Asia's largest low-cost airline, said three people with knowledge of the matter.</p>


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<p>RHB Research sees value emerging in Malaysian property stocks after the recent sell-off, with the sector now trading at a 60% discount to their revalued net asset value (RNAV), wider than the 50% in May.</p>


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<p>KYIV/WASHINGTON (Oct 11): US President Donald Trump made a surprise announcement of an energy ceasefire between Russia and Ukraine on Sunday that he said was "effective immediately", but Ukrainian leader Volodymyr Zelenskiy said he was still waiting to see details of the deal.</p>


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<p>The market is repricing the risks around investments related to the buildup of artificial intelligence that could lead to more discipline in financing, according to DBS Group Holdings Ltd chief executive officer Tan Su Shan.</p>


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<p>KUALA LUMPUR (Oct 12): His Majesty Sultan Ibrahim, King of Malaysia,&nbsp;attended a state welcoming ceremony at Istana Negara on Monday, marking the start of King Abdullah II of Jordan's two-day state visit to Malaysia, which began on Sunday (Oct 11).</p>


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<p>KUALA LUMPUR (Oct 12): United Malacca Bhd (KL:UMCCA) said minority shareholders will be compensated for missing a general offer that should have been launched in 2024.</p>


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<p>KUALA LUMPUR (Oct 12): Opposition leader Datuk Seri Hamzah Zainuddin said Malaysia should develop new revenue sources to support its finances beyond petroleum, proposing the establishment of a national rare earth entity modelled on Petroliam Nasional Bhd (PETRONAS).</p>


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<p>European shares and US futures edged higher on Monday after a choppy session in Asia as oil prices retreated, while investors looked ahead to key US inflation data and the beginning of the earnings season.</p>


<p>Consumer and property stocks could emerge as among the main beneficiaries of Budget 2027, although analysts see limited upside for the broader equity market.</p>


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<p>US President Donald Trump’s Libe­ration Day tariffs, first unveiled in April 2025, triggered a barrage of near-uniform criticisms from economists and trade experts.</p>


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<p>Our small and medium enterprises (SMEs) are in real danger of being gutted by their hyper-competitive counterparts from China whose overcapacity is being exported to our domestic markets. They create very little domestic employment and value-add, bringing in an en bloc shipment of labour and over...

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<p>NEW DELHI/SINGAPORE (Oct 12): Oil prices slipped on Monday on expectations of more Russian supplies after US President Donald Trump said Ukraine and Russia had agreed to halt attacks on each other's energy facilities following a US diesel-supply deal with Moscow.</p>


Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies

<p>THE government’s move to support a fundraising drive for low-cost carrier AirAsia Group Bhd (KL:AAGB) is raising questions over how far it should go to help a heavily indebted private company and whether taxpayers could ultimately be left footing the bill.</p>

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<p>Here's a heads up on what to look out for today.</p>


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<p>KUALA LUMPUR (Oct 12): Opposition leader Datuk Seri Hamzah Zainuddin urged the government and Lembaga Tabung Haji (TH) to review the RM15,000 minimum savings requirement for eligibility to join the haj queue.</p>


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<p>Bond markets are starting to do some of the lifting for central banks around the world by pushing up borrowing costs themselves, potentially reducing the number of benchmark interest-rate hikes needed to get inflation under control.</p>
