<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Apr 11): Asia Brands Bhd non-independent and non-executive chairman and substantial shareholder Ng Chin Huat has been redesignated as managing director (MD) of the retail company, whose stable of fashion brands includes Anakku and Audrey.</p></div>

<div class=newsTextDataWrapInner><p>Ng, 48, was appointed to the board on March 1, 2011.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, Asia Brands said Datuk Seri Tan Thian Poh, 62, will take over the chairman role.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Tan is the founder and MD of Siang Poh group of companies, a vertically integrated textile group involved in the manufacturing and distribution of textile and apparels for more than 30 years.</p></div>

<div class=newsTextDataWrapInner><p>He has also been the president of the Malaysian Textile Manufacturers Association since 2013 and chairman of the Asean Federation of Textile Industries from 2015 to 2017. He serves as the advisor of the SME and human resource development committee of the Associated Chinese Chambers of Commerce and Industry of Malaysia. He is also a member of the industrial relations panel of the Malaysian Employers Federation.</p></div>

<div class=newsTextDataWrapInner><p>Asia Brands shares closed 1 sen or 1.68% lower at 88 sen per share today, with a market capitalisation of RM102.37 million.</p></div>


KUALA LUMPUR (Apr 11): Asia Brands Bhd non-independent and non-executive chairman and substantial shareholder Ng Chin Huat has been redesignated as managing director (MD) of the retail company, whose stable of fashion brands includes Anakku and Audrey.

Ng, 48, was appointed to the board...

Tan Thian Poh is Asia Brands' chairman, Ng Chin Huat becomes group's MD

THE expectation that the US Federal Reserve (Fed) will cut interest rates this year in June is increasingly being challenged. Some economists say while their estimates are maintained at three cuts this year, totalling 75 basis points (bps), the risk is now skewed towards later moves and perhaps e...

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IOI Properties Group broke ground on Thursday for Senna Puteri, its latest township development located in Sepang, Selangor. The developer is looking to launch 386 units of townhouses in its first phase before the end of the second quarter.

Spanning 117 acres in southern Klang Valley, the 12-phase Senna Puteri will be developed over the next 10 years, offering residential, commercial, recreational areas, green spaces, community hall, surau and more. It has a gross development value (GDV) of over RM3 billion.

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JOHOR BAHRU (April 25): The Johor branch of the Malaysian Quarantine and Inspection Services Department (Maqis) found parasitic worms Anisakis sp in samples of sardine cans from China that were brought in through the Sultan Iskandar Building (BSI) here, earlier this month.

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Barclays reported a 12% fall in first quarter profit on Thursday, as a squeeze on UK mortgage pricing, lower income from trading and a drought of M&A fees showed the difficulties it will face in delivering its first strategic revamp in a decade.

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SINGAPORE/TOKYO (April 25): Oil prices steadied on Thursday after settling lower in the previous day, as signs of retreating fuel demand in the US, the world's biggest oil user, contended with widening conflict risks in the key Middle East producing region.

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KANGAR (April 25): The remand order for the son of a menteri besar has been extended until Friday (April 26) to facilitate investigations into a case of producing falsified documents to make RM600,000 in claims since 2022.

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Recovering risk appetite and tightening spreads in the commercial real estate market mean active managers have to work a little harder, according to DoubleLine Capital LP.

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<p>KUALA LUMPUR (April 25): The Employees Provident Fund (EPF) members, who are below 55 years old, will have an Account 3, in addition to the existing two accounts for their retirement savings, starting May 11.&nbsp;</p>


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<p>Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.</p>


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<p>Binance co-founder Changpeng Zhao is facing up to three years in prison if efforts by US prosecutors to secure his sentencing prove successful. More than 160 friends, colleagues and investors are determined for the crypto executive to escape incarceration entirely.</p>


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<p>Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.</p>


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<p>Shares of YTL Corp Bhd rallied to a new all-time high on Thursday after Hong Leong Investment Bank (HLIB) flagged more upside even after a 42% year-to-date surge.</p>


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<p>A made-in-China electric vehicle (EV) will hit US dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about US$8,000 (RM38,228) less.</p>


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<p>Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said.</p>


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<p>Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.</p>


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<p>KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.</p>


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<p>Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.</p>

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<p>RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.</p>


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<p>Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.</p>


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<p>The Court of Appeal has allowed a bid by Tan Sri Muhyiddin Yassin to have a bench of five judges to hear his review application to restore his acquittal by the High Court of four of his abuse of power charges last year.</p>

<p>His lawyer Chetan Jethwani said that Court of Appeal deputy registrar Muhammad Noor Firdaus Rosli informed the parties of the matter on Thursday morning during case management.</p>


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<p>Sports retailer Al-Ikhsan Sports Sdn Bhd, in which state-owned private equity firm Ekuiti Nasional Bhd (Ekuinas) owns a 35% stake, has appointed Datuk Hishammudin Hasan as its new chief executive officer effective April 17.</p>


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<p>Visa Inc recently reported impressive fiscal second quarter 2024 results, with net revenue increasing by 10% and payments volume growing by 8%.</p>
