<div class="mt-4 embed-right"><a class="mobx embedimg-icon imgw-220" data-desc="" data-rel="ceolightbox" data-title="" href="//assets.theedgemarkets.com/pictures/20220603Edward.JPG"><img alt="" src="//assets.theedgemarkets.com/pictures/20220603Edward.JPG" /></a>
<div class="thumb-cap">Datuk Edward Chong Sin Kiat</div>
</div>

<div class=newsTextDataWrapInner><p>PETALING JAYA (June 3): Datuk Zaini Yusoff of I&amp;P Group Sdn Bhd, a wholly-owned subsidiary of S P Setia Bhd, has been appointed as the new chairman of the Real Estate and Housing Developers’ Association Malaysia (REHDA) Selangor Branch for the term of 2022-24.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Meanwhile, Datuk Edward Chong Sin Kiat of Shah Alam 2 Sdn Bhd, a subsidiary of IJM Land Bhd, has been appointed as the deputy chairman after the annual general meeting on Thursday (June 2), according to a media statement.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Outgoing chairman Datuk Ho Hon Sang briefed on current matters relating to the industry within the state and ended the meeting on Thursday by voicing his confidence in the leadership of the committee for the new term.</p></div>

<div class=newsTextDataWrapInner><p>Also in attendance was REHDA Malaysia immediate past president (ex-officio) Datuk Seri Fateh Iskandar Mohamed Mansor who gave an update on the latest industry issues in his opening speech.</p></div>


Datuk Zaini Yusoff of I&P Group Sdn Bhd, a wholly-owned subsidiary of S P Setia Bhd, has been appointed as the new chairman of the Real Estate and Housing Developers’ Association Malaysia (REHDA) Selangor Branch for the term of 2022-24.

REHDA Selangor appoints I&P Group's Datuk Zaini Yusoff as chairman for 2022-24

The Japanese yen hit its weakest levels since April 1990 on Monday, in trading thinned by a holiday in Japan and attempts by traders to test key levels and stop-loss orders in a nervous, illiquid market.

Yen trips past 160-per-dollar to April 1990 lows

Real estate developer UOA Development Bhd said it plans to launch two new projects worth an estimated RM2.7 billion in gross development value (GDV) this year.

UOA Development to launch two projects worth RM2.7b by June

Thermal power plants play a crucial role in supplying the essential baseload power needed to ensure the security of our energy supply and the uninterrupted flow of economic activities. However, renewable energy sources like Solar Photovoltaic (Solar PV) and hydropower are deemed unable to fully compensate for the gap left by thermal power plants. This shortfall poses a challenge to maintaining equitable and accessible electricity services for the public.

Green thermal power plants for responsible energy transition

TotalEnergies, a global energy supplier based in France, has stated its commitment to increasing its investment in Malaysia’s upstream oil and gas (O&G) sector, said Prime Minister Datuk Seri Anwar Ibrahim.

TotalEnergies has stated commitment to boost investment in Malaysia's upstream O&G sector — Anwar

Shares of YNH Property Bhd surged to their highest in three weeks after the real estate developer said it has remedied the technical default of its sukuk programme that led to a downgrade by MARC Ratings recently.

YNH Property surges 11% to three-week high after default remedy

Top Glove Corporation Bhd bagged the Platinum Trusted Brand Award in the Hygiene/Disposable Gloves category at the Reader’s Digest Malaysian Trusted Brand 2024 awards.

US chip bans not meant to hobble China’s growth, Blinken says

The year 2024 promises many challenges as persistent geopolitical tensions and the trade war between the US and China threaten to keep global markets volatile. This already-complex picture is further muddied by a record-breaking election year, with over 60% of global gross domestic product (GDP) at stake as 76 countries (including the US, the UK, Russia, India and Indonesia), representing over half the world’s population, head to the polls.

Navigating uncertainties Khazanah on its growth strategy for 2024

China International Capital Corp (CICC) is cutting the base pay of onshore investment bankers by as much as 25%, three sources said, in a major effort to reduce costs amid volatile markets and Beijing's austerity drive.

Chinese brokerage CICC cutting dealmakers' base pay by 25% — Reuters

Oil prices fell in early Asian trading on Monday, reversing gains from Friday as US inflation data further dimmed the prospects of interest rate cuts anytime soon and boosted the dollar, which hurts oil demand.

Oil prices pare gains on US inflation concerns

<p>Berjaya Corp Bhd (BCorp), which last week denied that its founder Tan Sri Vincent Tan Chee Yioun had participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently, has lodged reports for the police to commence investigation into the above matter, specifically to, amongst others, ascertain and find out the purported “unnamed source” who disseminated complete untrue and false statements.</p>


Berjaya Corp lodges police report to identify 'unnamed source' in Forest City casino resort debacle

<p>KUALA LUMPUR (April 28): The Malaysian Anti-Corruption Commission (MACC) is investigating a senior leader in the northern region on suspicion of appointing several companies believed to be linked to him for supply projects valued at about RM300,000.</p>


Senior leader under probe for suspected cronyism over supply projects

<p>KUALA LUMPUR (April 29): Mercury Securities Sdn Bhd has recommended investors “subscribe” ACE Market-bound Farm Price Holdings Bhd at an initial public offering (IPO) price of 24 sen and a fair value (FV) of 29 sen based on 13x FY2024F earnings per share, translating to 21% upside to IPO price.</...

Mercury Securities advises investors to subscribe ACE Market-bound Farm Price with fair value of 29 sen 

<p>KOTA BHARU (April 28): Oil and gas exploration and production outfit Hibiscus Petroleum Bhd is looking to leverage the economic boom in the Tok Bali area (in Kelantan), by using it as one of its operating hubs.&nbsp;</p>


Hibiscus Petroleum looking to leverage the economic boom in Tok Bali

<p>When South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. When Australia accused Beijing of meddling in its domestic politics and demanded answers over the origins of Covid-19, China stopped buying exports like coal, wine and beef.</p>


US ramps up help as countries plan response to China’s bullying

<p>An appliance maker in southern China is finding it hard to ship its products to Russia, not because of any problems with the gadgets but because China's big banks are throttling payments for such transactions out of concern over US sanctions.</p>


China firms go 'underground' on Russia payments as banks pull back

<p>RIYADH (April 28): Agrobank&nbsp;president and chief executive officer Tengku Ahmad Badli Shah Raja Hussin has been re-elected as vice-chairman of the Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank (Adfimi) from 2025-2027.</p>


Agrobank’s Tengku Ahmad Badli Shah re-elected as Islamic bank association’s vice-chairman for 2025-2027

<p>KUALA LUMPUR (April 28): Malaysia believes there is a need to revisit commitments to sustainable development, efficient global resources and fair and balanced trade among countries, said the Ministry of Investment, Trade and Industry (Miti).</p>


Zafrul: Trade-related and ESG measures must be fair to developing countries

<p>Shares of YNH Property Bhd surged to their highest in three weeks after the real estate developer said it has remedied the technical default of its sukuk programme that led to a downgrade by MARC Ratings recently.</p>


<p>RIYADH (April 28): The Asean-Gulf Cooperation Council (Asean-GCC) should find mechanisms to advance trade, investments, collaboration and research, said Malaysian Prime Minister Datuk Seri Anwar Ibrahim.</p>


Asean-Gulf Cooperation Council should find mechanisms to advance trade, investment — Anwar

<p>The Japanese yen hit its weakest levels since April 1990 on Monday, in trading thinned by a holiday in Japan and attempts by traders to test key levels and stop-loss orders in a nervous, illiquid market.</p>


<p>Once renowned as avid overseas tourists, the Japanese are staying closer to home these days.</p>


Weaker yen keeps Japanese tourists at home while visitors throng

<p>RIYADH (April 28):&nbsp;Prime Minister Datuk Seri Anwar Ibrahi&nbsp;held a bilateral meeting with President Paul Kagame of Rwanda on the sidelines of the World Economic Forum (WEF) Special Meeting here on Sunday.</p>


Anwar holds meeting with President of Rwanda

<p>Singapore Telecommunications on Monday forecast non-cash impairment provisions of S$3.1 billion (RM10.8 billion) for second-half of 2024 which would lead to the telecom giant reporting a net loss for the period.</p>


Singtel sees US$2.3b impairment hit, net loss in 2H2024

<p>Top Glove Corporation Bhd bagged the Platinum Trusted Brand Award in the Hygiene/Disposable Gloves category at the Reader’s Digest Malaysian Trusted Brand 2024 awards.</p>


<p>Hong Kong-based insurer AIA Group on Monday posted a 31% rise in its first-quarter value of new business (VONB) on a constant exchange currency basis helped by strong performance across segments, and announced an additional US$2 billion (RM9.5 billion) share buyback.</p>


Insurer AIA's 1Q new business value rises 31%, announces US$2b buyback

<p>L’Occitane International SA’s billionaire owner Reinold Geiger is close to making an offer to take the skin-care company private, according to people familiar with the matter, in a deal that could value the firm at about US$7 billion (RM33.4 billion) including debt.</p>


Billionaire Geiger said to near US$7b L’Occitane buyout

<p>China International Capital Corp (CICC)&nbsp;is cutting the base pay of onshore investment bankers by as much as 25%, three sources said, in a major effort to reduce costs amid volatile markets and Beijing's austerity drive.</p>


<p>CAIRO (&nbsp;April 28): A Hamas delegation will visit Cairo on Monday for talks aimed at securing a ceasefire, a Hamas official told <em>Reuters</em> on Sunday, as mediators stepped up efforts to reach a deal ahead of an Israeli assault on the southern city of Rafah.</p>


Hamas delegation to visit Cairo on Monday for Gaza ceasefire talks, Hamas official says

<p>TotalEnergies, a global energy supplier based in France, has stated its commitment to increasing its investment in Malaysia’s upstream oil and gas (O&amp;G) sector, said Prime Minister Datuk Seri Anwar Ibrahim.</p>
