<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on January 29, 2020</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Bank Rakyat has appointed Datuk Rosman Mohamed as its new chief executive officer (CEO), effective Feb 1.</p></div>

<div class=newsTextDataWrapInner><p>Entrepreneur Development and Cooperatives Minister Datuk Seri Mohd Redzuan Md Yusof said the appointment has been confirmed and gone through the ‘fit and proper’ assessment process by Bank Negara Malaysia.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Rosman has demonstrated outstanding commitment and consistency in spearheading the implementation of Bank Rakyat 2025 as well as the initiative to empower Bank Rakyat’s new core banking system which is scheduled to be operational in June 2020, the minister said in a statement.</p></div>

<div class=newsTextDataWrapInner><p>Rosman, who served as Bank Rakyat’s board member since April 1, last year. Subsequently he assumed the role of acting managing director from Aug 1, last year. With his appointment as the CEO, Rosman will step down as a board member.</p></div>

<div class=newsTextDataWrapInner><p>He previously served as Bank Rakyat’s senior general manager, corporate services and as a credit officer and head of career training and development at Maybank.</p></div>

<div class=newsTextDataWrapInner><p>He holds a Master of Business Administration from Saint Louis University, Missouri and Bachelor of Business Administration from Urbana University, Ohio.</p></div>


KUALA LUMPUR: Bank Rakyat has appointed Datuk Rosman Mohamed as its new chief executive officer (CEO), effective Feb 1.

Entrepreneur Development and Cooperatives Minister Datuk Seri Mohd Redzuan Md Yusof said the appointment has been confirmed and gone through the ‘fit and proper’ asses...

Rosman Mohamed is Bank Rakyat’s new CEO

Israel's military carried out airstrikes in Rafah on Monday, residents said, hours after Israel told Palestinians to evacuate parts of the southern Gaza city where more than a million people uprooted by the war have been sheltering.

Fears are growing of a full-blown assault in Rafah, long threatened by Israel, against holdouts of the Palestinian militant group Hamas as ceasefire talks in Cairo stall. Hamas official Izzat al-Rashiq said in a statement that any Israeli operation in Rafah would put the truce talks in jeopardy.

Israel strikes Gaza city of Rafah after evacuation order

His Majesty Sultan Ibrahim, King of Malaysia, has played a crucial role in advancing ties and friendship between the Malaysia and Singapore, said Singapore President Tharman Shanmugaratnam.

Sultan Ibrahim plays crucial role in advancing Malaysia-Singapore ties — Singapore president

Rubber processor and exporter Seng Fong Holdings Bhd's net profit jumped more than threefold in its third quarter, thanks to higher sales volume and average selling prices.

It said its net profit for its 3QFY2024 ended March 31 surged to RM15.14 million from RM4.05 million a year earlier, while revenue jumped 39.2% to RM300.32 million from RM215.72 million.

Seng Fong’s net profit jumps over threefold in 3Q; share price hits all-time high

SINGAPORE (May 6): His Majesty Sultan Ibrahim, King of Malaysia, expressed special thanks to outgoing Singapore Prime Minister Lee Hsien Loong for being a close friend to Johor and Malaysia.

Sultan Ibrahim said Lee's dedication and foresight has steered Malaysia and Singapore towards cl...

King thanks outgoing Singapore PM Lee for being close friend to Malaysia

Perikatan Nasional (PN) candidate Khairul Azhari Saut on Monday launched his manifesto for the Kuala Kubu Baharu (KKB) state by-election, outlining five pledges.

The manifesto, themed ‘Demi Rakyat KKB’, was launched at an event held here.

KKB by-election: PN candidate launches manifesto containing five pledges

The Securities Commission Malaysia (SC) said that the Court of Appeal has allowed its appeal against the acquittal of former Malaysian Merchant Marine Bhd (MMM) executive deputy chairman Datuk Ramesh Rajaratnam for insider trading offences.

Appellate court reverses acquittal of ex-MMM deputy chairman for insider trading

The Swiss Army Knife, the iconic, more than century-old fold-up tool used by whittlers, soldiers and even astronauts, will soon be available without a blade.

Victorinox, the company behind the quintessentially Swiss product, is responding to tighter regulations around weapons around the world, Chief Executive Officer Carl Eisner told the Blick newspaper on Monday. Instead, it plans to add tools for cyclists and other functions to a gadget that usually also features scissors and a corkscrew.

Swiss Army Knife goes blade-less as weapons regulations tighten

Yang di-Pertuan Agong Sultan Ibrahim expressed special thanks to outgoing Singapore Prime Minister Lee Hsien Loong for being a close friend to Johor and Malaysia.

King thanks outgoing Singapore PM Lee for being a close friend to Malaysia 

UDA Holdings Bhd is targeting 30% sales for the Neu Pendington serviced apartment and commercial space development project in the first year after its third-quarter launch this year.

President/chief executive officer Datuk Mohd Salem Kailany said the project, Sarawak's first integrated development, is in the process of securing approval for an advertising permit and developer's licence (APDL)

UDA eyes 30% sales from Neu Pendington in the first year

Easy access to social media especially sexual contents is one of the reasons for social problems among children nowadays.

Bukit Aman Criminal Investigation Department director Datuk Seri Mohd Shuhaily Mohd Zain said this happens because children easily get access to negative things, especially pornographic content contained in social media.

Easy access to social media, pornography causing social problems among children

<p>Energy giant Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its gas station business in Malaysia, the second-largest such network in the country, four industry sources aware of the discussions said, and a deal could be worth up to US$1 billion (RM4.74 billion).</p>


Shell in talks to sell Malaysian fuel stations to Saudi Aramco — Reuters

<p>Maybank Investment Bank (Maybank IB) on Monday began coverage of SAM Engineering &amp; Equipment (M) Bhd with a counter-consensus ‘buy’ call, betting on the cyclical recovery of aerospace and semiconductor sectors.</p>


Maybank IB joins coverage of SAM Engineering with counter-consensus ‘buy’ call

<p>For the first time in nearly a generation, fixed income is living up to its name.</p>


At US$2m per minute, US treasuries mint cash like never before

<p>Gamuda Land, the property arm of Gamuda Bhd, welcomed new tenants to its Quayside Mall and an international school to its Quayside Tower, through a memorandum of understanding (MOU) signing ceremony on April 25, according to a press statement on Monday.&nbsp;</p>


Gamuda Land’s Quayside Mall in Kota Kemuning welcomes new tenants; Quayside Tower gets an international school 

<p>The Road Transport Department (JPJ) said that the insurance comparison platform BJAK has not received approval to offer road tax renewal services.</p>


BJAK not authorised for road tax renewal services, says JPJ

<p>Malaysia’s central bank is unlikely to follow its counterparts in Indonesia and Philippines in raising interest rates when its monetary policy committee meets this week, HSBC said.</p>


Malaysia unlikely to follow in Indonesia's, Philippines' rate hike footsteps — HSBC

<p>Ho Hup Construction Co Bhd’s RM1 billion mixed development project in Bukit Jalil will be suspended as it plans to sell the project's 3.09-acre land for RM110 million cash.</p>

<p>The disposal deal, inked between Ho Hup’s wholly-owned unit Bukit Jalil Development Sdn Bhd (BJD) and Exsim Development Sdn Bhd’s wholly-owned subsidiary Exsim Persiaran Jalil Sdn Bhd, is aimed to improve the group’s financial position, it said in a bourse filing on Monday.</p>


Ho Hup's Flex project to be suspended, buyers refunded as Exsim buys land for RM110m

<p>KUALA LUMPUR (May 6): The Defence Services Asia (DSA) 2024 and National Security (Natsec) Asia 2024 exhibitions are able help the country gauge whether its&nbsp;defence assets are in line with the latest technological advances.</p>


Asia defence services and security exhibition a medium to evaluate national assets in line with current tech — minister

<p>Proton Holdings Bhd reported on Monday its car sales rose by 17.1% to 11,025 vehicles in April (including domestic and exports) compared to the 9,415 units sold last year.&nbsp;</p>


Proton records sales of 11,025 units in April, higher by 17.1% y-o-y

<p>The Edge Communications Sdn Bhd and its owner Tan Sri Tong Kooi Ong have ceased to be a substantial shareholder in Star Media Group Bhd following the latest share sale.</p>

<p>Tong sold 2.95 million shares in the open market last week, lowering his stake to 4.68% — below the 5% threshold required to be considered a substantial shareholder, according to Star Media’s exchange filing. The transaction price was not disclosed.</p>


The Edge and its owner cease to be substantial shareholder of Star Media

<p>LONDON (May 6): High Chinese tariffs on EU brandy would leave French companies with vast amounts of cognac that could be hard to sell elsewhere, according to Reuters' calculations, analysts, and investors who fear firms could be forced to discount.</p>

<p>China opened an anti-dumping investiga...

Chinese tariffs could leave cognac makers with too much brandy

<p>French President Emmanuel Macron and EU Commission chief Ursula von der Leyen urged China's President Xi Jinping to ensure more balanced trade at the start of a visit to Paris by the Chinese leader, during which Macron will also press him on Ukraine.</p>


Macron, Von der Leyen press China's Xi on trade in Paris talks

<p>Robusta coffee prices have climbed to the highest in 45 years, according to the International Coffee Organisation (ICO), as a supply crunch intensifies for the variety used in espresso blends and instant drinks.</p>


Coffee variety priciest in 45 years in blow to instant brews

<p>Former prime minister Tan Sri Muhyiddin&nbsp;Yassin's four graft charges, which were&nbsp;reinstated by the Court of Appeal in February, had met all&nbsp;the ingredients of an offence under stipulated laws,&nbsp;and were not ambiguous.</p>


COA written grounds — Muhyiddin’s four charges clear enough, unambiguous 

<p>THE long-awaited sale of Sapura Energy Bhd’s remaining 50% stake in its exploration and production (E&amp;P) unit — SapuraOMV Upstream Sdn Bhd — has finally come to pass. However, its largest shareholder, Permodalan Nasional Bhd (PNB), cannot breathe a sigh of relief yet.</p>

<p>Last week, the...

Sale of crown jewel alone won’t revive Sapura Energy

<p>Prime Minister Datuk Seri Anwar Ibrahim on Monday held an online conference with the president and chief investment officer of technology (CIO) giant Alphabet &amp; Google, Ruth Porat.</p>

<p>In a post on Facebook, Anwar who is also the Finance Minister said the session was a follow-up to their meeting in the United States last year.</p>


Anwar: Alphabet & Google president updates on progress of potential areas of expansion in Malaysia

<p>Billionaire investor Warren Buffett said there are “load of opportunities” in India, but he’s leaving them to future management.</p>


Buffett says India holds ‘unexplored’ opportunities for future Berkshire leaders

<p>The Attorney General's Chambers (AGC) will be objecting to Muar Member of Parliament Syed Saddiq's leave application to take legal action against Prime Minister Datuk Seri Anwar Ibrahim and the government over RM730,300 in allocations meant for his constituency.</p>


AGC to object to Syed Saddiq's leave application over unpaid allocations

<p>Pahang-based hypermarket operator TF Value-Mart Sdn Bhd has initiated legal action against GCH Retail (Malaysia) Sdn Bhd, operator of the Giant Hypermarket brand, citing loss of business and non-compliance with a court order to surrender a 180,000 sq ft premises located in Batu Caves.</p>


TF Value-Mart sues GCH Retail to get it to vacate Giant Batu Caves premises

<p>（新加坡6日讯）据四名知情行业消息人士透露，能源巨头蚬壳（Shell）正与沙地阿拉伯国有Saudi Aramco洽谈，出售其在马来西亚的油站业务，交易价值可能高达10亿美元（47亿4000万令吉）。</p>
