<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 17): Seacera Group Bhd’s new board of directors has put the tile maker’s banking transactions and legal proceedings on hold, after the first board meeting today.</p></div>

<div class=newsTextDataWrapInner><p>In a statement, Seacera’s board said it has appointed a new company secretary and has authorized one of its directors Shirley Tan Lee Chin to appoint an auditor to conduct detailed forensic investigation into the group's financial records and accounts.</p></div>

<div class=newsTextDataWrapInner><p>Lee Chin is the sister of Seacera’s single largest shareholder Datuk William Tan Wei Lian, who owns 12.76% equity stake in the company.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“With the unanimous decision, the company will also proceed to write to notify all banks on the change of the Board members.</p></div>

<div class=newsTextDataWrapInner><p>“The resolution for removal and appointment has been carried out and 88% of shareholders voted for seven new directors who now sit on the Board. They are Shirley Tan Lee Chin, Rizvi Abdul Halim, Datin Ida Suzaini Abdullah, Clarence Yeow, Chua Eng Chin, Marzuki Hussain and Ong Eng Taik,” the statement read.</p></div>

<div class=newsTextDataWrapInner><p>Seacera closed unchanged at 21.5 sen today, giving it a market capitalisation of RM101.98 million.</p></div>


Seacera Group Bhd’s new board of directors has put the tile maker’s banking transactions and legal proceedings on hold, after the first board meeting today.

In a statement, Seacera’s board said it has appointed a new company secretary and has authorized one of its directors Shirley Tan Lee Chin to appoint an auditor to conduct detailed forensic investigation into the group's financial records and accounts.

Seacera’s new board put all bank transactions and legal proceedings on hold

As Malaysia aims to achieve high-income status, it needs to improve its human capital outcomes to match those of high-income countries.

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KUALA LUMPUR (May 8): Global sales of semiconductors jumped 15.2% year-on-yera in the first quarter of 2024 to total US$137.7 billion during the first quarter of 2024, according to the US-based Semiconductor Industry Association (SIA).

In a statement on Tuesday, the industry association...

First-quarter global semicon sales jumped 15.2% y-o-y to  US$137.7 billion, says SIA 

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(May 8): Donald Trump’s criminal trial for allegedly mishandling classified documents has been postponed indefinitely in a blow to the Justice Department’s efforts to obtain a jury verdict before November’s presidential election.

US District Judge Aileen Cannon, who is overseeing the cr...

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(May 8): Reddit Inc. jumped more than 10% in extended trading after reporting quarterly sales that topped analysts’ estimates, impressing investors in its first results as a public company.

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(May 8): The S&P 500 and Dow Jones Industrial Average both clung onto gains to ended slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve will cut interest rates this year.

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NEW YORK (May 8): Wall Street pared earlier gains on Tuesday after equity markets elsewhere rallied as investors parsed when and by how much the Federal Reserve cuts interest rates this year, while a resurgent dollar helped weaken the yen further.

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PARIS (May 8): Borussia Dortmund showed great composure to reach their third Champions League final after Mats Hummels' second-half goal earned the visitors a 1-0 victory against misfiring Paris St Germain for a deserved 2-0 aggregate win on Tuesday.

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NEW YORK (May 8): Porn star Stormy Daniels described her 2006 encounter with Donald Trump in unflattering terms at his criminal trial on Tuesday, testifying she tried not to think about the sex while it took place and feared it would become public.

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<p>Global oil major Shell said on Tuesday that it remains "committed to the mobility business" in Malaysia, after a report that it was in talks with Saudi Aramco to sell its gas stations in the country.</p>


Shell says it remains committed to mobility business in Malaysia

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.</p>


Sime Darby Plantation, Pekat, Siab, OCK, Sapura Energy, CTOS, Awantec, Mobilia, Prolintas, Power Root

<p>Sapura Energy Bhd’s joint venture companies (JVCos) have bagged contracts worth US$1.8 billion (RM8.53 billion) to provide engineering services via six pipe-laying support vessels.</p>


Sapura Energy's JVs win US1.8b worth of contracts in Brazil

<p>The takeover bid by Yinson Holdings Bhd’s major shareholder for Icon Offshore Bhd was made at 63.5 sen per share, as wellas 0.1 sen per warrant.</p>


Yinson's major shareholder raises Icon stake to 56.67% as MGO closes

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EVENING 5: Five things you need to know today

<p>KUALA LUMPUR (May 7): Following its record-breaking year in 2023, CTOS Digital Bhd posted a 25.6% year-on-year jump in its first quarter net profit this year, as it recorded higher revenue and lower tax expense following the approval of a tax incentive for its main subsidiary CTOS Data Systems Sdn Bhd (CDS).</p>


CTOS kicks off FY2024 with 25% profit jump on higher revenue, lower taxes

<p>AwanBiru Technology Bhd (Awantec) reported a net profit of RM2.14 million for its third quarter ended March 31, 2024 (3QFY2024), a significant turnaround from the net loss of RM1.99 million it incurred a year ago, as its software and services segment secured major contracts with higher revenue.</p>


Awantec reports profit in 3Q as revenue jumps on new contracts

<p>BATU KAWAN (May 7): The semiconductor industry presents Malaysia with a once-in-a-generation opportunity for exponential economic growth, and industry players are advised to capitalise on this billion-dollar sector, said&nbsp;Deputy Investment, Trade and Industry Minister Liew Chin Tong on Tuesday.</p>


Semiconductor industry offers Malaysia chance for exponential growth — deputy minister

<p>The Malaysian Communications and Multimedia Commission (MCMC) will sign a Memorandum of Understanding (MOU) with Microsoft on May 14 to develop a digitally skilled workforce, particularly in the artificial intelligence (AI) sector, through education.</p>


MCMC, Microsoft to ink MOU on digital workforce cultivation next Tuesday — deputy minister 

<p>Power Root Bhd's subsidiaries have successfully recovered trademark of its own “Ah Huat” brand for coffee and tea beverages, after reaching an amicable out-of-court settlement with its Indonesian distributor CV Ego Sun Star Sukses Mandiri (CV Ego) following an infringement wrangle that started in 2013.</p>


Power Root reclaims ‘Ah Huat’ brand in Indonesia after decade-long trademark tussle 

<p>Urusharta Jamaah Sdn Bhd (UJSB) — a special purpose vehicle established under the Ministry of Finance to rehabilitate, restructure and monetise underperforming assets transferred to it from Lembaga Tabung Haji — has emerged as a substantial shareholder in Prolintas Infra Business Trust.</p>


Urusharta Jamaah emerges as third largest shareholder in Prolintas Infra

<p>Apple Inc unveiled a new artificial intelligence-focused iPad Pro and a larger iPad Air, aiming to reinvigorate a tablet lineup that has languished over the past two years.</p>


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<p>GCH Retail (M) Sdn Bhd, the operator of Giant hypermarkets, said the courts are still deciding on the company’s tenancy dispute with its landlord over premises it is currently occupying in Batu Caves.</p>


GCH Retail says Giant Batu Caves tenancy dispute with landlord still being decided by courts

<p>(May 7):&nbsp;Cargoes of an oil product from Russia are building up at sea as South Korean buyers turn cautious, highlighting how the invasion of Ukraine is still impacting flows more than two years later.</p>


Cargoes of Russian oil product naphtha stranded at sea as South Korea launches crackdown

<p>KUALA LUMPUR (May 7):&nbsp;The strategic cooperation between the Malaysian Investment Development Authority (Mida) and the Ministry of Higher Education (MOHE) is expected to catalyse the country’s industrial growth, especially in supporting the development of&nbsp;more&nbsp;talents at the global level.&nbsp;</p>


Mida’s strategic cooperation with Higher Education Ministry to accelerate local industrial growth — Zafrul

<p>(May 7):&nbsp;PCCW Ltd, the telecommunications group controlled by Hong Kong tycoon Richard Li, is in advanced talks to sell a significant minority stake in its fiber business to China Merchants Group Ltd, according to people familiar with the matter.</p>


Tycoon Richard Li said to near stake sale of telecom group’s fiber unit to China Merchants

<p>Home furniture maker Mobilia Holdings Bhd is planning to issue up to 218.75 million free warrants (Warrants-B), on the basis of one Warrant-B for every four existing shares held by entitled shareholders.</p>


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<p>US stock indexes rose on Tuesday, extending their recent run on expectations that the Federal Reserve will cut interest rates this year, while a drop in shares of Walt Disney following the company's quarterly results limited their gains.</p>


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<p>TotalEnergies SE’s CEO has plenty of reasons to antagonise the French government with the possibility of moving its stock listing to Wall Street. When measured in dollars, there are tens of billions of them.</p>


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<p>Microsoft Corp has deployed a generative AI model entirely divorced from the internet, saying US intelligence agencies can now safely harness the powerful technology to analyse top-secret information.</p>
