The spirit of camaraderie inspired RHB Bank Bhd’s team to enter this year’s race. This includes group chief internal auditor Alex Tan Aun Aun, who is taking part in CEO (chief executive officer) Race for the first time.

“Yes, this is my first time taking part in the Rat Race. What motiv...

RHB Bank inspired by the spirit of camaraderie

WCT Holdings Bhd director of finance and accounts Chong Kian Fah is running the Rat Race for the fourth time this year. He said he enjoys meeting and running alongside other corporate representatives.

“I look forward to making new friends through the race and, maybe, taking part in othe...

WCT looking forward to doing their bit for charity

For Mulia Property Development Sdn Bhd, the Kuala Lumpur Rat Race 2018 is a great platform to get to know the rest of Malaysia’s corporate family.

“Our company is relatively new in Malaysia but we have heard great things about the race from our Malaysian colleagues.

“We decide...

An icebreaker for Mulia Property Development

JKG Land Bhd’s participation in The Edge Kuala Lumpur Rat Race marks the beginning of the company’s involvement in major charitable events, said managing director Datuk Teh Kean Ming.

He said helping the underprivileged is one of JKG Land’s corporate social responsibility (CSR) programm...

JKG Land shows strong support for charity

Citibank is all set to take part in The Edge Kuala Lumpur Rat Race for the third time, all in the name of a good cause.

Its runners are no rookies as they have participated in marathons and ultra-marathons in the country and abroad.

“Citibank employees are always encouraged to...

Seasoned Citibank team raring to go

Mah Sing Group Bhd plans to spice things up by running the Rat Race in red. The team is proudly sporting the developer’s new corporate T-shirt.

First-time runner Qurniawan Imran, who is with the internal audit department, said: “This year, I feel a true sense of togetherness. For the fi...

Mah Sing is running in red

Sporting activities, such as running, cycling and swimming, are a passion of CIMB Bank’s runner in the CEO (chief executive officer) category of the Rat Race. He believes firmly in leading a healthy lifestyle and keeping fit.

“It is a fun event and I get to spend time with colleagues an...

CIMB racing with a passion

Sporting excellence is a proud tradition at Sime Darby Plantation, and though it is entering a team in the Rat Race for the first time, they are seasoned sportsmen and women.

Arulmi Mokhtar said running marathons and taking part in team-orientated races gives him a real buzz. But he tak...

Seasoned runners from Sime Darby Plantation turn out for a good cause

A universal rule is that “good deeds are contagious”. And the staff of property group MKH Bhd shares this mantra, which is why they are eager to take part in The Edge Kuala Lumpur Rat Race.

“I entered for the good cause the event is supporting,” said MKH deputy property director Datuk K...

MKH is paying it forward

Regional telecommunications conglomerate Axiata Group Bhd is taking up the challenge of the Rat Race’s Padang Merbok route.

Senior corporate counsel Kartini Azni Abdul Aziz is making her debut in the charity run, motivated by the opportunity to run with friends and challenge herself.

Axiata ready for the challenge

Representing MCIS Insurance Bhd in this year’s CEO (chief executive officer) category is its chief operations officer Susan Conradie.

“Brilliant” is the word Conradie used to describe the concept of getting CEOs to run for charity.

“A mischief of rats, pursuing each other and ...

MCIS’ team mostly first-timers

The Nestlé Malaysia team is excited to be back again this year as it gave a good showing in its first appearance at last year’s The Edge Kuala Lumpur Rat Race where it finished second in the Mixed category.

This year, the team has promised to make a stronger appearance.

Chong ...

Nestlé Malaysia looking to improve on its performance

Nation-building is a continuous process and a subject dear to the hearts of the staff of PPB Group Bhd, one of the country’s largest and most successful conglomerates.

The group is sending a team of novice runners to The Edge Kuala Lumpur Rat Race this year to experience the fun at the ...

PPB does its part in nation-building

As a responsible corporate citizen, Glomac Bhd is mindful of the need to balance its economic aspirations with important community and environmental considerations in order to ensure a sustainable future for the group. Joining The Edge Kuala Lumpur Rat Race for the 17th time, Glomac has been a lo...

Glomac aspires to balance economic aspirations and community development

The head of the International Monetary Fund warned the US that the global economy is closely watching interest rates and industrial policies given the potential spillovers from the world’s biggest economy and reserve currency.

“All eyes are on the US,” Kristalina Georgieva said in an interview on Bloomberg’s Surveillance on Thursday.

IMF boss says ‘all eyes’ on US amid risks to global economy

KUALA LUMPUR (April 18): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

Datuk Farhash Wafa Salvador, former political aide to Prime Minister Datuk Seri Anwar Ibrahim, has ceased to be a substantial shareholder of HeiT...

HeiTech Padu, Axiata, AmanahRaya REIT, AmFirst REIT, RHB Bank, 7-Eleven Malaysia, MBSB, Awantec, MAA Group, UMediC, Systech, Pansar, Auro, Kimlun and AWC

Swiss state prosecutors are seeking long prison terms for two men accused of embezzling US$1.8 billion from 1Malaysia Development Bhd (1MDB) — Saudi-Swiss businessman Tarek Obaid and his Swiss-British business partner Patrick Mahony, the AFP reported.

Swiss prosecutors seek long jail terms for duo in US$1.8bil 1MDB fraud — report

Oil prices were broadly steady on Thursday, as investors weighed US sanctions on Venezuela and Iran, and robust US jobs data against the wider backdrop of demand concerns and easing Middle East tensions that had pushed prices 3% lower on Wednesday.

Brent futures LCOc1 were up 10 cents, or 0.11%, to US$87.39 a barrel at 1358 GMT, while US crude futures CLc1 were 26 cents higher, or 0.31%, at US$82.95 a barrel.

Oil steadies as new sanctions interrupt easing tensions

Safe-haven gold gained on Thursday as persistent tensions in the Middle East added to the metal's appeal despite robust economic data from the US that raised prospects of fewer interest rate cuts.

Spot gold firmed 0.8% at US$2,378.53 per ounce at 9.44am ET (1344 GMT). Prices touched an all-time high of US$2,431.29 last Friday.

Gold surges as escalating Middle East tensions bolster demand

New York Federal Reserve President John Williams said on Thursday the strong state of the U economy means there's no pressing case to lower interest rates right now.

"I definitely don't feel urgency to cut interest rates" given the current strength of the economy, Williams said at the Semafor's World Economy Summit in Washington.

Fed's Williams doesn't see urgent need to cut interest rates

Nord Stream's insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the damage was caused by war, in their written defence to a lawsuit filed at London's High Court.

Nord Stream is seeking more than 400 million euros (US$427 million) from its insurers over the explosions which ruptured pipelines designed to transport Russian gas to Germany.

Nord Stream insurers deny policies covered war risks in UK lawsuit

In today’s edition of Evening 5: 00:00 Ant International to set up new business centre, create over 500 jobs 01:34 Axiata and India’s Bharti Airtel to combine Sri Lankan ops 02:58 RHB sees more opportunities in sustainable finance 04:39 ACE Market-bound Sin-Kung expects demand for trucking to hold 05:46 Ex-political aide Farhash ceases to be HeiTech Padu substantial shareholder

EVENING 5: Ant International to set up new business centre, creating over 500 jobs

EVENING 5: Five things you need to know today

With 94% of Malaysian companies gearing up for an artificial intelligence (AI) driven future, National Technology and Innovation Sandbox (NTIS) together with NVIDIA has launched an AI pilot sandbox programme.

MOHE estimates 13,000 new AI talents by 2026

Several Malaysia Airlines and AirAsia flights between Sabah, Sarawak, and Kuala Lumpur International Airport (KLIA) were cancelled on Thursday due to volcanic eruption at Mount Ruang, Indonesia.

Malaysia Airlines, AirAsia and Batik Air cancel flights to Sabah, Sarawak after volcano eruption in Indonesia

The Federal Court on Thursday dismissed an appeal by the Petaling Jaya City Council (MBPJ) over the Court of Appeal’s decision last year that decided that non-paying members in a residential area (RA) could raise the boom gates at the entrance to the housing area themselves without the security guards' assistance.

Federal Court dismisses MBPJ’s appeal on residents' boom gate operation

Datuk Farhash Wafa Salvador, former political aide to Prime Minister Datuk Seri Anwar Ibrahim, has ceased to be a substantial shareholder of HeiTech Padu Bhd, just one month after acquiring a 15.9% stake via a private vehicle in the company.

Amid controversy over govt contracts, Farhash ceases to be HeiTech Padu substantial shareholder after one month

KUALA LUMPUR (April 18): Food and supplement company OB Holdings Bhd said on Thursday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, to raise funds for expansion.

OB Holdings gets approval for ACE Market IPO, targets listing in 4Q

Elon Musk said some of the severance packages sent to former Tesla Inc employees as part of its biggest-ever workforce reduction were too low.

Musk apologises for ‘incorrectly low’ Tesla severance packages

KUALA LUMPUR (April 18): Smart Asia Chemical Bhd has signed an underwriting agreement with Mercury Securities Sdn Bhd for the company’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

Smart Asia Chemical inks underwriting agreement with Mercury Securities en route to ACE Market IPO

Malaysia Building Society Bhd (MBSB) has recommended a final dividend of 3.5 sen for the financial year ended Dec 31, 2023 (FY2023).

This would equate to a payout of RM287.78 million, based on the bank’s share base of 8.22 billion shares as at end-December 2023, according to MBSB’s bourse filing on Thursday.

MBSB proposes 3.5 sen dividend for FY2023

Digital payment and financial technology provider Ant International is going to establish what it calls a new digital business centre in Malaysia, creating more than 500 job opportunities in the first year, with more hirings in the next four years until 2028.

Ant International to set up new business centre in Malaysia, creating over 500 jobs

Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, and India’s Bharti Airtel Ltd signed a definitive agreement on Thursday to combine their Sri Lankan operations.

Malaysia’s Axiata, Bharti Airtel of India to combine Sri Lankan ops

Bursa Malaysia Bhd’s wholly-owned Bursa Carbon Exchange (BCX) will hold its inaugural auction of renewable energy certificates (RECs) on June 25 to support Malaysia’s energy transition plans and corporates’ net-zero aspirations.

Bursa to hold auction of maiden RE certificates on June 25

When Iraq fired dozens of Scud missiles on Israel in early 1991, the US implored then prime minister Yitzhak Shamir not to respond. Shamir said he had to act. After days of late-night calls, high-level visits and long Cabinet meetings, Israel stood down and the US led a 42-nation alliance that defeated Iraq in what became the Gulf War.

Israel caught between hitting Iran and heeding allies

Bursa Malaysia continued its upbeat momentum to end higher for the second straight day on Thursday, due to an improvement in sentiment and a resurgence in bargain-hunting following the recent downturn, said an analyst.

Bursa closes higher on improved sentiment, bargain hunting

The Malaysian Bar argued in court that its challenge against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's conditional discharge is not academic as it may determine the fate of the Yayasan Akalbudi graft case.

Malaysian Bar: Legal challenge against AG's decision to drop charges against Zahid is not academic

Bursa Malaysia turned mixed at the midday break on Thursday with the key index ending the morning session in positive territory, in tandem with regional markets, said a dealer.&nbsp;

Bursa mixed at midday break, key index up

KUALA LUMPUR (April 18): IT services firm Systech Bhd said on Thursday that shareholders have approved several proposals, including an acquisition and bonus shares issue.

Systech gets shareholders’ nod for acquisition, bonus shares issue

The concessionaire of the Petaling Jaya Dispersal Link (PJD Link) highway believes the project remains viable and will continue to pursue its realisation.&nbsp;

PJD Link concessionaire says project remains viable, studying realignment

RHB Bank, Malaysia’s fourth-largest bank by assets, said on Thursday it views sustainable financing as presenting more opportunities than challenges, rather than affecting its overall profit from financing activities.

RHB sees opportunities in sustainability finance, aims to provide RM50 bil by 2026

KUALA LUMPUR (April 18): AwanBiru Technology Bhd (Awantec) said trading in its shares will be suspended from April 26, after the group failed to submit its regularisation plan to the regulators for approval within the stipulated timeframe.

Awantec faces trading suspension from April 26 after failing to submit regularisation plan

After spending over two years in court due to a suit from Empire Holdings Ltd, MAA Group Bhd, its major shareholder Tunku Datuk Yaacob Khyra and Turiya Bhd have been dropped as parties in the suit over MAA’s purchase of Turiya shares from a Bahrain-based bank. &nbsp;

MAA Group exits legal bout over 2021 Turiya share acquisition under settlement deal

KUALA LUMPUR (April 18): Malaysian civil society group Bersih, or the Coalition for Clean and Fair Elections, has slammed the deputy public prosecutor (DPP)’s office, which&nbsp;falls under the&nbsp;Attorney General’s Chambers (AGC), for not objecting to former prime minister Datuk Seri Najib Razak’s application to bar the media from covering his judicial review application, as he sought to be placed under house arrest for the duration of his jail sentence.

Kl-rat-race-2018

‌
‌

Kl-rat-race-2018

‌‌

‌
‌