<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 13): Golden Land Bhd has redesignated Tan Sri Hashim Meon as its independent and non-executive chairman, effective Thursday (Oct 13).&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Hashim, 75, was appointed to the board as an independent and non-executive director on Oct 7.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>He was an independent non-executive chairman of AXA Affin General Insurance Bhd from 2018 to August 2022, according to the oil palm plantation company in a filing with Bursa Malaysia.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Currently, he serves as a chairman of Bern Estate Sdn Bhd and MX Too Sdn Bhd;&nbsp;non-executive director of MN Permai Netcom Sdn Bhd and also of KUISCELL Sdn Bhd — a subsidiary of Kolej Universiti Islam Antarabangsa Selangor.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>He also served as secretary general of the Ministry of Defence before retiring in 2003.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Golden Land jumped 11.67% or 3.5 sen to close at 33.5 sen on Thursday, giving it a market value of RM74.68 million.&nbsp;</p></div>


KUALA LUMPUR (Oct 13): Golden Land Bhd has redesignated Tan Sri Hashim Meon as its independent and non-executive chairman, effective Thursday (Oct 13).

Golden Land redesignates Hashim Meon as independent and non-executive chairman

French police shot dead an armed man who set fire to a synagogue in the northwestern city of Rouen early on Friday, Interior Minister Gerald Darmanin and local officials said.

French police kill man who set fire to Rouen synagogue

Shanghai has compiled a list of data that can be transferred overseas without security assessments, according to a government document seen by Reuters, a much anticipated move as China tries to lure foreign investment to boost a sluggish economy.

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HONG KONG (May 17): Chinese electric vehicle (EV) maker Xpeng said on Friday that new US tariffs on Chinese electric vehicles are detrimental to achieving carbon neutrality and green energy transition.

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Prime Minister Datuk Seri Anwar Ibrahim stressed that claims that 25% of the remaining shares in Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) would be owned by a pro-Zionist company are baseless.

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Indonesia raised ¥200 billion (RM5.9 billion) in its largest sale of Japanese yen-denominated bonds, the finance ministry said in a statement on Friday.

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Tesla is pushing ahead with plans to power the global development of its self-driving system with data from China that could be processed within the country, part of a strategic shift by Elon Musk, according to people with knowledge of the work.

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Football’s global governing body opened the door to potentially moving its headquarters from Zurich, while stressing that it’s “happy” for now having its main office in Switzerland.

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(May 17): China will allow local government authorities to buy some homes at "reasonable" prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing policy on Friday, the official news agency, Xinhua, said.

China will cut interest rates of mo...

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Foreign investors have reduced by nearly US$2 billion (RM9.4 billion) their securities holdings in Vietnam's main stock market since early 2023 despite the bourse's positive performance, with the largest outflows recorded during weeks of political upheaval, data show.

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Partial pension fund withdrawals are expected to boost economic activity, while having little impact on inflation, Bank Negara Malaysia (BNM) said on Friday.

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<p>Malaysia’s economic growth accelerated faster than expected in the first three months of 2024, thanks to higher household spending, stronger investment activities, improvement in labour market conditions, and higher exports and tourist arrivals.</p>


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<p>The male suspect who was shot dead in the attack at the Ulu Tiram Police Station here earlier on Friday is believed to be a member of Jemaah Islamiyah.</p>


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<p>Two policemen were killed and another was injured in an attack on the Ulu Tiram Police Station early on Friday morning.</p>

<p>State police chief Commissioner M Kumar confirmed the incident, stating that it occurred at 2.45am and involved a masked intruder armed with pistols and a machete.</p>


Two policemen killed in attack at Ulu Tiram police station

<p>KUALA LUMPUR (May 17): Shares of S P Setia Bhd (KL:SPSETIA) soared to their highest in nearly six years on Friday, as analysts continue to advise investors to buy the stock, even as its stock price has nearly doubled so far this year.</p>


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<p>BWYS Group Bhd has signed an agreement with M&amp;A Securities Sdn Bhd to underwrite the sheet metal products manufacturer and scaffoldings supplier's upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.</p>


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<p>Hong Leong Investment Bank (HLIB) Research said the anticipated rebound in construction activities, particularly in railway projects, is expected to generate more contract opportunities for companies like Econpile Holdings Bhd (KL:ECONBHD).</p>


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<p>Shares of Hup Seng Industries Bhd (KL:HUPSENG) climbed to their highest in nearly three years after the biscuit maker reported that its net profit surged 45% year-on-year in the first quarter.</p>


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<p>KUALA LUMPUR (May 17): Shares of Hong Leong Industries Bhd (KL:HLIND), or HLI, climbed to near their record high on Friday, after the motorcycle assembler reported a 51% year-on-year jump in net profit for the three months ended March 31, 2024.</p>


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<p>KUALA LUMPUR (May 17): Shares of Malaysian Pacific Industries Bhd (KL:MPI) climbed to their highest in 15 months, as analysts flagged stronger quarters ahead following the semiconductor company’s return to the black.</p>


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<p>The International Monetary Fund (IMF) criticised the Biden administration’s decision to aggressively raise tariffs on some Chinese goods, underscoring its warning that tensions between the world’s top two economies risk hurting global trade and growth.</p>


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<p>Asian stocks inched lower on Friday as traders pondered the near term US monetary policy path after Federal Reserve (Fed) officials suggested that interest rates may need to stay higher for longer even as inflation shows early signs of easing.</p>


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<p>KUALA LUMPUR (May 17): Sarawak Cable Bhd (KL:SCABLE) said that the memorandum of agreement (MOA) between the company and Serendib Capital Ltd (Serendib) had been validly terminated.</p>


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<p>Rakuten Trade said Poh Kong Holdings Bhd (KL:POHKONG) is back on the radar after it pushed out from the pennant pattern with a long white candle on Thursday.</p>


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<p>PPB Group Bhd (KL:PPB) is planning to invest RM327 million in its film exhibition and distribution segment, which houses Golden Screen Cinemas, over the next five years.</p>


PPB Group to invest RM327 mil in film segment over next five years

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


Datasonic, Fiamma, Wong Engineering, Oppstar, Southern Acid, DKSH, BIG Industries, SKP, Infraharta, Beshom, KYM

<p>The Ministry of Transport (MOT) fully supports Khazanah Nasional Bhd and the Employee Provident Fund’s (EPF) move to privatise Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, as it will enable the implementation of strategic decisions more expediently, according to its minister Anthony Loke Siew Fook.</p>


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<p>Wireless carrier Maxis Bhd (KL:MAXIS) said on Friday its net profit rose 10% year-on-year (y-o-y) in the first quarter, thanks to higher service revenue and cost control.</p>


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<p>Selangor opposition leader Datuk Seri Mohamed Azmin Ali said on Friday that there was no denial from Agriculture and Food Security Minister Datuk Seri Mohamad Sabu (Mat Sabu) or businessman Deepak Jaikishan regarding their trip to India, or Deepak’s involvement in procuring a direct negotiation contract with the government for his brother’s company, namely J&amp;E Advance Tech Sdn Bhd, to import eggs into Malaysia.</p>


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<p>China on Friday announced plans for local governments to buy "some" apartments, and pledged forceful efforts to deliver unfinished homes, as part of a new round of measures to stabilise the crisis-hit property sector.</p>


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<p>Shut out of US markets and under fire in Europe, China’s electric carmakers are zeroing in on the countries where they’re welcome. One of the big ones is Brazil.</p>
