<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 9): GFM Services Bhd announced that the group’s vice-chairman Ruslan Nordin has been redesignated as the new managing director.</p></div>

<div class=newsTextDataWrapInner><p>In Thursday’s Bursa Malaysia filing (March 9), the integrated facilities management service provider also announced the retirement of Mohammad Shahrizal Mohammad Idris as managing director.</p></div>

<div class=newsTextDataWrapInner><p>Shahrizal, however, will remain as an executive director.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Ruslan holds a direct stake of 8.85% and indirect stake of 10.83% in the company.</p></div>

<div class=newsTextDataWrapInner><p>Ruslan studied in Plymouth Polytechnic, UK, with a degree in engineering in electrical and electronic. He also has more than 33 years of working experience in engineering, project management, marketing and facilities management.</p></div>

<div class=newsTextDataWrapInner><p>Ruslan’s previous employment include Lembaga Letrik Negara, ABB Sdn Bhd, Mobil Oil Malaysia Sdn Bhd and Propel-Johnson Controls Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>GFM’s share price closed unchanged at 19.5 sen. Its market capitalisation stood at RM134.46 million.</p></div>


GFM Services Bhd announced that the group’s vice-chairman Ruslan Nordin has been redesignated as the new managing director.

In Thursday’s Bursa Malaysia filing (March 9), the integrated facilities management service provider also announced the retirement of Mohammad Shahrizal Mohammad Idris as managing director.

GFM Services redesignates vice-chairman as MD

SES SA and Intelsat SA have revived discussions on a potential merger to create a satellite giant after a previous attempt faltered last year, according to people familiar with the matter.

SES, Intelsat revive deal talks to form satellite giant

The regular market for US equities runs for 390 minutes on a standard trading day. But at the rate things are going, eventually the last 10 might be the only ones that matter.

Increasingly, only last 10 minutes of US stock trading matter

Pakistan’s central bank left its interest rate at an all-time high ahead of a scheduled visit by an International Monetary Fund (IMF) mission next month to hash out a new loan programme.

Pakistan holds key rate at record high ahead of IMF visit

Spotify Technology SA co-founder Daniel Ek is pocketing gains from the audio-streaming giant’s stock rebound, while increasingly building up his investments outside the company.

Spotify CEO cashes in on streaming giant’s 267% stock rebound

Boeing Co is looking to issue around US$8 billion (RM38.11 billion) of debt in as many as six parts, its first bond sale since the plane-maker reported a quarterly loss and US$3.9 billion of cash burn, and Moody’s Ratings cut the company’s credit rating to a step above junk.

Boeing looks to sell bonds after reporting cash burn

All routes along the Malaysia-Thailand border area in the districts of Tak Bai, Sungai Golok, and Weng have been temporarily closed following a bomb explosion and shooting incident that injured four police officers.

Malaysia-Thailand routes in Tak Bai, Sungai Golok, and Weng temporarily closed

Indonesia's biggest tech company PT GoTo Gojek Tokopedia Tbk posted a first-quarter underlying loss of 102 billion rupiah (US$6.28 million or RM29.89 million) on Monday, but said it is on track for profitability, helped by its partnership with TikTok.

Indonesia's GoTo says on track for profitability despite 1Q loss

Saudi Arabia-based renewable energy giant ACWA Power has disclosed plans to collaborate with several strategic Malaysian partners in developing renewable energy projects across multiple states in Malaysia, said Prime Minister Datuk Seri Anwar Ibrahim.

ACWA Power eyes collaboration with strategic M'sian partners on renewable energy projects, says Anwar

Following reports that over 100 KFC outlets have been temporarily closed after about half a year of boycott movement, QSR Brands and KFC Malaysia said they suspended the operations of the outlets to manage increasing business costs amid challenging economic conditions, and to focus on high engagement trade zones.

QSR Brands confirms temporary closure of KFC outlets, says it is to manage rising costs

Saudi Arabia-based renewable energy giant ACWA Power has expressed interest in investing more than US$10 billion (RM47.64 billion) in Malaysia over a 10-year period.

Among the proposed projects are those to be undertaken through collaboration with a local company, Cypark Resources Bhd.

Saudi-based ACWA Power keen on investing over US$10b in M'sia, some projects in collaboration with Cypark

<p>QSR Brands (M) Holdings Bhd is suspending over 100 KFC outlets temporarily nationwide after about half a year of boycott movement, <em>Nanyang Siang Pau</em> reported, citing information from Google Maps.</p>


Boycott causes over 100 KFC outlets to suspend ops, report says

<p>Shares of YTL Power International Bhd and YTL Corp Bhd rose to fresh highs on Monday as investors piled on stocks with exposure in artificial intelligence (AI).</p>


YTL Power, YTL Corp touch new highs

<p>SUPERMAX Holdings Sdn Bhd (SHSB), which holds 40.3% in Supermax Corp Bhd, is the subject of a winding-up petition.</p>

<p>SHSB is the private company of Datuk Seri Stanley Thai and his wife, Datuk Wira Cheryl Tan Bee Geok. The couple, who have been and still are having differences in their rel...

Newsbreak: Supermax's Cheryl Tan seeks to wind up holding company

<p>Engineering solutions provider Kawan Renergy Bhd on Monday began taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM33 million.</p>


Kawan Renergy sets IPO price at 30 sen apiece in bid to raise RM33m 

<p>Shares of Capital A Bhd and AirAsia X Bhd (AAX) climbed further during Monday’s morning trading session, riding on a proposal announced last Thursday to merge the short- and long-haul airline operations of both companies.</p>


AAX, Capital A lift off on merger proposal to extend rally

<p>Saudi Arabia-based renewable energy giant ACWA Power has expressed interest in investing more than&nbsp;US$10 billion (RM47.64&nbsp;billion) in Malaysia over a 10-year period.</p>

<p>Among the proposed projects are those to be undertaken through collaboration with a local company, Cypark Resources Bhd.</p>


<p>Three people, including a two-year-old boy, died after a Huawei-backed Aito M7 SUV burst into flames following a collision with a truck on a highway in the Chinese city of Yuncheng in the northern province of Shanxi, state media said.</p>


China crash involving Huawei-backed Aito electric vehicle kills three

<p>Shares in LPI Capital Bhd snapped a three-day losing streak on Monday, after the general insurer reported a 37% net profit surge in the first quarter, thanks largely to sharply lower net expenses from reinsurance contracts held and higher investment income.</p>


LPI Capital’s 1Q net profit surges 37%, shares snap losing streak after results

<p>Sime Darby Property Bhd has achieved a 100% take-up rate for The Corak freehold commercial hub at the Serenia City township in Sepang, according to a press statement issued on Monday. The Corak is the township's first commercial hub.</p>


Sime Darby Property achieves 100% take-up for The Corak commercial hub in Serenia City

<p>Permodalan Kedah Bhd (PKB) has inked a memorandum of understanding (MOU) with Royal Eco Train Development, Republic of Korea (RETD Korea), for the Light Rail Transit (LRT) project in Langkawi.</p>


Permodalan Kedah inks MOU with Korean firm for LRT in Langkawi

<p>Malakoff Corp Bhd has inked a partnership with China Northeast Electric Power Engineering &amp; Services Co Ltd (NEPCS) for technical manpower supply for the operation and maintenance (O&amp;M) of combined cycle power plant (CCPP) projects under NEPCS in Bangladesh.</p>


Malakoff inks deal to expand operation and maintenance services to Bangladesh

<p>theedgemalaysia.com&nbsp;highlighted three with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.</p>


Supercomnet Technologies, MyEG, BP Plastics, LGMS, Turiya

<p>KUALA LUMPUR (April 29): Capital A Bhd said on Monday that the number of passengers it carried rose 17% year-on-year (y-o-y) to 15.4 million in the first quarter of 2024 (1Q2024), on the back of strong travel demand during the school holidays and Chinese New Year.</p>


Capital A’s passenger volume rises 17% in 1Q, load factor climbs to 90%

<p>Twenty-eight National Service Training Programme operators nationwide have filed a multimillion-ringgit suit against the government for purported breach of the main contract resulting in losses of rental for 27 months and total losses of RM108.737 million to them.</p>


Twenty-eight National Service Training Programme operators sue govt for RM108.74m in losses

<p>The Jana Wibawa programme, which was established to assist Bumiputera contractors impacted by the Covid-19 pandemic, only took off following Cabinet approval in 2020, the court heard on Monday.</p>


Jana Wibawa programme could only take off with Cabinet approval, says witness

<p>OpenSys (M) Bhd, which makes automated teller machines, expects a revenue boost from an estimated 3,000 units of cash machines due for replacement in the next three years.</p>


OpenSys expects revenue boost from machine replacements

<p>The business reorganisation plan announced last week by the two friends and business partners — Tan Sri Tony Fernandes and Datuk Kamarudin Meranun — is the final piece of the jigsaw to get the group of companies they control back on a stronger footing, at least in the restructuring of their balance sheet.</p>


Frankly Speaking: Best chance for Cap A and AAX

<p>Nestlé (Malaysia) Bhd's net profit for the first quarter ended March 31, 2024 (1QFY2024) dipped 0.8% to RM195.51 million from RM197.15 million a year earlier, due mainly to the impact of slightly lower sales, offset by proactive cost management initiatives as well as better commodity costs.</p>


Nestlé's 1Q net profit dips 0.8% to RM195.5m on lower domestic sales

<p>Following reports that over 100 KFC outlets have been temporarily closed after about half a year of boycott movement, QSR Brands and KFC Malaysia said they suspended the operations of the outlets to manage increasing business costs amid challenging economic conditions, and to focus on high engagement trade zones.&nbsp;</p>


<p>Engineering services firm Kawan Renergy Bhd, en route to list on Bursa Malaysia's ACE Market next month, said on Monday it will pass higher cost from escalating steel prices to its customers.</p>
