AirAsia Group Bhd's renamed 100%-owned subsidiary AirAsia Aviation Ltd is expected to pave the way for new airline ventures to be formed in due course by the budget airline as the global aviation sector anticipates a Covid-19 vaccine-driven V-shaped rebound in air travel in the near future, according to AirAsia Aviation group chief executive officer Bo Lingam.

Bo Lingam: Renamed entity AirAsia Aviation Ltd paves the way for new airline ventures

Securities Commission Malaysia (SC) chairman Datuk Syed Zaid Albar said on Friday (Oct 8) the regulator had seen a significant jump in the number of illegal investment scheme- or scam-related complaints and enquiries at over 2,000 as of September 2021, more than double the total figure reported in 2020.

SC chairman: Significant jump in scam-related complaints, enquiries

Bursa Malaysia crude palm oil (CPO) futures prices rose past RM5,000 a tonne for the first time to a record high on Wednesday (Oct 6) after the CPO price for October 2021 rose as much as RM75 to RM5,050. 

At 10.34am, the CPO price for October 2021 stood at RM5,050 a tonne after the commodity was traded between RM5,019 and RM5,050 so far.

Malaysia's CPO futures rise past RM5,000 a tonne to new record high

AirAsia Group Bhd has signed an amendment agreement with aircraft maker Airbus SAS to convert the budget airline’s remaining A320 aircraft orders to the A321neo.

In a statement on Wednesday (Oct 6), AirAsia said the contract marks its commitment to purchasing the largest model in the bestselling A320 family.

AirAsia Group signs amendment agreement with Airbus to convert remaining A320 aircraft orders to A321neo

Media Prima Bhd on Friday redesignated its group executive director Mohd Rafiq Mat Razali as group managing director (GMD) of the media company. The GMD position fell vacant following the resignation of Datuk Iskandar Mizal Mahmood in May this year after just over a year on the job.

Rafiq is Media Prima's third CEO in two years. Prior to Iskandar Mizal, Datuk Kamal Khalid had served as GMD of Media Prima between Aug 2017 and March 2020.

In a statement to Bursa Malaysia, Media Prima said Rafiq, 36, joined the group as chief executive officer of REV Media Group on April 15, 2016 and was subsequently appointed as Media Prima group executive director on Feb 18, 2021.

Media Prima redesignates Mohd Rafiq as group managing director

Sime Darby Property Bhd’s wholly-owned subsidiary Sime Darby Property (Capital Holdings) Pte Ltd (SDPCH) has formed a joint venture (JV) with LOGOS Property Group Ltd’s 100%-owned subsidiary LOGOS SE Asia Pte Ltd under an industrial development fund collaboration which aims to initially raise US$200 million (about RM850 million) in seed money from accredited and institutional investors to finance the planned development of industrial property in Klang, Selangor.

Sime Darby Property unit JV’s first industrial development fund eyes RM850m from investors

The Employees Provident Fund (EPF) has emerged as a substantial shareholder in VS Industry Bhd for the first time after the EPF raised its direct stake in the electrical and electronic products contract manufacturer to 5.053% comprising 192.49 million shares.

EPF emerges as VS Industry's substantial shareholder for first time

Hup Seng Industries Bhd (HSIB) said today the Covid-19-driven temporary suspension of the biscuit maker's operations is expected to result in production volume loss of about 3% of the manufacturer's annual output volume as the company disinfects the premises of one its subsidiaries.

Biscuit maker Hup Seng estimates 3% production volume loss on operations suspension

Bursa Malaysia's Health Care index rose the most in percentage terms compared to the other bourse indices in morning trade today party due to bargain hunting for shares in rubber glove manufacturers and possibly on better industry sentiment after Top Glove Corp Bhd said the company is now allowed to resume exporting gloves to the US.

Bursa Health Care gauge up the most as glove shares rebound

The Employees Provident Fund (EPF) has awarded a build and migrate-based data centre cabling project in Sungai Buloh, Selangor to Mesiniaga Bhd, according to the EPF’s latest tender results.

EPF awards data centre cabling project to Mesiniaga

Last December, the European Union set a global precedent by finalizing the Artificial Intelligence Act, one of the world’s most comprehensive sets of AI rules. Europe’s landmark legislation could signal a broader trend toward more responsive AI policies. But while regulation is necessary, it is i...

The Visible Hand: Governments must shape AI’s future

The nomination of candidates for the Kuala Kubu Baharu by-election on Saturday morning saw a four-cornered clash between the candidates of Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.

Kuala Kubu Baharu by-election sees four-cornered fight

Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.

Singapore plans law to support gig workers’ retirement needs

The nomination centre for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination centre for Kuala Kubu Baharu by-election closes at 10am

Alphabet Inc closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Alphabet joins US$2 trillion club as results show AI strength

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

The Week Ahead: Attention on KKB by-election, FOMC decision, trade data in Asia

Richly valued US stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

Lofty US stocks leave investors punishing earnings disappointments

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Taiwan rattled by quakes again, no immediate reports of damage

Nomination for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination opens at 9am for Kuala Kubu Baharu by-election

US regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

US regulators seize troubled lender Republic First, sell it to Fulton Bank

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

Who pays for anytime EPF withdrawals?

Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.

Global stocks gain on Big Tech lift; yen slides to 34-year low

The nomination of candidates for the Kuala Kubu Baharu by-election on Saturday morning saw a four-cornered clash between the&nbsp;candidates of&nbsp;Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Perak to collaborate with rare earth elements company from South Korea, says MB

Richly valued US&nbsp;stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

Alphabet Inc&nbsp;closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

The nomination centre&nbsp;for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin&nbsp;at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

US&nbsp;regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

Nomination&nbsp;for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at&nbsp;the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Apple Inc&nbsp;has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.&nbsp;

Apple intensifies talks with OpenAI for iPhone generative AI features

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.

Chong Jin Hun

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

Chong Jin Hun

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌