<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 6): Datuk Lau Beng Wei has resigned as an independent non-executive director of Tenaga Nasional Bhd with effect from Monday (March 6).</p></div>

<div class=newsTextDataWrapInner><p>Lau, who was appointed to the role starting Dec 1, 2021 for a two-year period, resigned to “pursue other interest”, according to TNB’s filing with Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Lau, 57, had started his career with TNB, where he has held various positions from 1990 to 2003.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>He was a member of the Companies Commission of Malaysia from 2012 to 2014.</p></div>

<div class=newsTextDataWrapInner><p>On Jan 13 this year, Stella Holdings Bhd appointed Lau as its executive deputy chairman. He holds a direct interest of 22.4% and indirect interest of 12.11% in Stella.</p></div>

<div class=newsTextDataWrapInner><p>TNB’s share price closed six sen or 0.64% lower at RM9.34 on Monday, giving the group a market capitalisation of RM53.73 billion.</p></div>


Datuk Lau Beng Wei has resigned as an independent non-executive director of Tenaga Nasional Bhd with effect from Monday (March 6).

Lau, who was appointed to the role starting Dec 1, 2021 for a two-year period, resigned to “pursue other interest”, according to TNB’s filing with Bursa Malaysia.

Lau Beng Wei resigns as TNB’s independent non-exec director

The implementation of the water tariff adjustment for domestic category as of Feb 1 this year, is vital to improve and enhance the country's water supply system.

Water tariff adjustment can help consolidate water supply system — Teo

AirAsia X Bhd’s (AAX) passenger load factor rose to 83% in the first quarter of this year (1Q2024), from 80% in the same period a year earlier, driven by robust travel demand.

AAX’s passenger load factor up at 83% in 1Q on robust travel demand

YTL Hospitality REIT (YTL REIT) is planning to develop a hotel in Hokkaido, Japan, for an estimated total cost of RM199 million.

YTL REIT to develop a Moxy hotel in Hokkaido for RM199 mil

Building material maker Ajiya Bhd recorded its second straight quarterly loss of RM12.71 million for the first quarter ended Feb 29, 2024 (1QFY2024), versus a net profit of RM46.11 million a year ago, despite logging higher revenue.

Ajiya logs second straight quarterly loss of RM12.7m in 1Q

The Ministry of Domestic Trade and Cost of Living (KPDN) hopes that more sectors will be involved in implementing the Ihsan Rahmah Sale programme (PJIR) nationwide.

KPDN hopes more sectors will be involved in Ihsan Rahmah Sales — Armizan

The Financial Times (FT) has signed a deal with OpenAI to license its content for the development of artificial intelligence (AI) models, and allow ChatGPT to answer queries with summaries attributable to the newspaper, the latest media tie-up for the Microsoft-backed start-up.

OpenAI to use Financial Times content for training AI models

The Penang Water Supply Corp (PBAPP) needs strong support from the Energy Transition and Water Transformation Ministry (Petra) to complete two components of its dam expansion project, its chief executive officer K Pathmanathan said.

PBAPP needs strong support to complete two dam expansion components — CEO

In today’s edition of Evening 5: 0:06 Gadang calls off Kwasa Damansara land buy after failing to get EPU waiver1:27 Twenty-eight National Service Training Programme operators take govt to court2:52 Nestlé's 1Q net profit dips on lower domestic sales amid challenging environment 4:34 LPI Capital's 1Q earnings surge 37%, to focus on strategic sectors for steady profits5:59 Boycott causes over 100 KFC outlets to suspend operations, says Nanyang report

EVENING 5: Gadang calls off Kwasa Damansara land buy

Malaysia and China have pledged commitment to collaborate in research through the Second Malaysia-China Joint Research Project Group, focusing on key areas such as energy storage technology and human vaccines.

Malaysia-China pledge commitment to joint research in STI — Mosti

The Malaysian government is committed to ensuring that investments made by the Armed Forces Fund Board (LTAT) in domestic and international companies yield consistent and robust returns, according to Defence Minister Datuk Seri Mohamed Khaled Nordin.

Govt committed to ensuring LTAT's investments yield consistent returns — minister

<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>Shares of YNH Property Bhd surged to their highest in three weeks after the real estate developer said it has remedied the technical default of its sukuk programme.</p>


YNH Property surges 11% to three-week high after default remedy

<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>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>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>Real estate developer UOA Development Bhd said it plans to launch two new projects worth an estimated RM2.7 billion in gross development value (GDV) this year.</p>


UOA Development to launch two projects worth RM2.7b by June

<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>TotalEnergies, a global energy supplier based in France, has stated its commitment to increasing its investment in Malaysia’s upstream oil and gas (O&amp;G) sector, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


TotalEnergies has stated commitment to boost investment in Malaysia's upstream O&G sector — Anwar

<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>Shares of Turiya Bhd rallied on Monday to their highest in over three years after Tan Sri Mohan MK Swami and his partner agreed to acquire a 58% stake in the property management firm for RM52.86 million.</p>


Turiya rallies to over three-year high with entry of Mohan Swami, partner

<p>Saudi Arabia-based renewable energy giant ACWA Power has expressed interest to invest more than&nbsp;US$10 billion (RM47.64&nbsp;billion) in Malaysia over a 10-year period, in collaboration with Cypark Resources Bhd.</p>


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

<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>After eight consecutive weeks of net selling, foreign investors shifted to become net buyers on Bursa Malaysia last week, with a total investment of RM292.2 million.</p>


MIDF: Foreign investors ended eight weeks of selling with total inflow of RM292m last week

<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>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>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>The yen jumped sharply against its peers on Monday after it slid past 160 per dollar earlier in the session, leading to speculation that Tokyo could have intervened in the currency market while the country was out for a holiday.</p>


Shares rise, yen surges on suspected intervention

<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>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>
