Nenggiri Hydroelectric Project: New Orang Asli Settlement To Be Completed By 2026

GUA MUSANG, The construction of a new settlement for nearly 1,200 Orang Asli villagers affected by the Nenggiri hydroelectric project is expected to be fully completed by March 2026, according to Gua Musang district chief Nik Raisnan Daud.

He said wo…

Tune Protect Appoints How Kim Lian As Its New GCEO Effective Today

KUALA LUMPUR, Tune Protect Group Bhd has appointed How Kim Lian as its new group chief executive officer (GCEO) effective today succeeding Rohit Nambiar, who stepped down in May 2024.

The insurance company said How’s new role will involve deepening T…

Petronas Partners With SIM To Open 3 Fuel Stations In Brazil

KUALA LUMPUR, Petroliam Nasional Bhd (Petronas) has launched its inaugural brand licensing initiative in partnership with SIM Distribuidora (SIM).

This collaboration will see the operation of three pilot fuel retail stations in Brazil.

Located strat…

Climate Finance Key To Sustainable Future – DPM Fadillah

KUALA LUMPUR, Climate finance is crucial for meeting ambitious targets and fostering positive change, thereby ensuring a more sustainable and equitable future, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Fadillah, who also serves as Ministe…

Kenanga Sees OPR Steady At 3.0 Pct For Remainder Of 2024

KUALA LUMPUR, Kenanga Investment Bank Bhd expects the overnight policy rate (OPR) to remain at 3.0 per cent for the rest of the year, with any potential changes likely to lean towards a downside.

In a note today, the investment bank reiterated its ‘o…

SC Fines Ex-unit Trust Consultant RM687,500 Over Investment Fraud

KUALA LUMPUR, The Securities Commission Malaysia (SC) has reprimanded and fined Amran Mohd Amin RM687,500 for three breaches of securities laws.

According to the SC, Amran misappropriated RM215,000 from four prospective investors between January 2022…

Money Services Business (Amendment) Act 2024 Effective Today — Bank Negara

KUALA LUMPUR, The Money Services Business (Amendment) Act 2024 (MSBA 2024) will be enforced by Bank Negara Malaysia (BNM) effective today, Aug 1.

According to the central bank, the amendments provide for mandatory imprisonment for a term not exceedin…