Friday, January 4th, 2019


US stocks open higher after strong jobs data

NEW YORK, Jan 4 — Wall Street stocks bounced higher early today following strong US jobs data, recovering some after the rout in the prior session. About 15 minutes into trading, the Dow Jones Industrial Average had added to its rebound and was up…

US adds huge 312,000 jobs in December; unemployment rises to 3.9pc

WASHINGTON, Jan 4 — US job creation rocketed higher last month, a jolt of unexpected good news for President Donald Trump as his economic agenda comes under increasing strain. Employers added a whopping 312,000 positions for the month, smashing…

Raja Azmi Raja Nazuddin appointed MAHB CEO

PUTRAJAYA, Jan 4 — The Ministry of Finance has announced the appointment of Raja Azmi Raja Nazuddin as the Malaysia Airports Holdings Bhd’s (MAHB) group chief executive officer for three years, effective immediately. He was…

Google moved almost €20b to Bermuda in 2017

THE HAGUE, Jan 4 — US internet giant Google used a legal mechanism to transfer almost €20 billion (RM94.2 billion) from the Netherlands to Bermuda in 2017 for tax purposes, a Dutch newspaper report said today. Google, which is owned by US parent…

China slashes banks’ reserve requirements again as economy slows

BEIJING, Jan 4 — China’s central bank said today it was cutting the amount of cash that banks must hold as reserves for the fifth time in the past year — freeing up US$116 billion (RM479.4 billion) for new lending as it tries to reduce the…

KUB’s major shareholder approached for stake sale

PETALING JAYA: KUB Malaysia Bhd’s major shareholder Anchorscape Sdn Bhd has been approached by a few parties who have expressed interest in acquiring some stake held by them in the company.

“The discussions with the various parties are still very preliminary at this juncture and no agreements and/or conclusions have been made so far on the same,“ KUB responded in an updated stock exchange filing on its unusual market activity.

KUB’s share price has jumped 65% to 39.5 sen on Friday from 24 sen two days ago.

Ringgit rebounds on bearish outlook for US economy

KUALA LUMPUR, Jan 4 — The ringgit rebounded to close higher against the US dollar today, as investors shifted back to emerging currencies on the bearish outlook for the US economy, a dealer said. At 6pm, the local…

Bursa ends lower on continued selling

KUALA LUMPUR, Jan 4 — Bursa Malaysia closed lower today on continued selling in selected heavyweights, amid lingering concerns on the turbulence across global markets, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI)…

Qualcomm enforces ban to halt some Apple iPhone sales in Germany

NEW YORK, Jan 4 — US chipmaker Qualcomm Inc took steps to enforce a court order banning the sale of some iPhone models in Germany, a move that will likely see Apple Inc pull those models from its German stores. A spokesman for Gravis, Germany’s…

Raja Azmi appointed MAHB CEO

PETALING JAYA: Raja Azmi Raja Nazuddin (pic) has been appointed as group CEO of Malaysia Airports Holdings Bhd (MAHB) for three years effective immediately, following approval from Prime Minister Tun Dr Mahathir Mohamad.

In a statement, Finance Minister Lim Guan Eng said Raja Azmi has been acting CEO for six months starting June 23, 2018.

He succeeds former managing director Datuk Mohd Badlisham Ghazali, whose contract had expired after four years.

Raja Azmi joined MAHB as CFO on Feb 1, 2016.

Previously, he was group CFO and subsequently executive director of UDA Holdings Bhd. He has also held various positions including managing director/CEO of Zelan Bhd, group finance director of UEM Group Bhd, and executive director of Time Engineering Bhd. He was also CFO of Tronoh Consolidated Malaysia Bhd and group finance officer of Sapura Telecommunications Bhd.

Raja Azmi started his career in 1987 with Coopers & Lybrand Malaysia before moving to Malaysian Tobacco Company Bhd as an internal auditor and marketing accountant.

He has an education background in business administration and accountancy and has a Masters in Business Administration from the University of Bath, UK.

He is also a member of Malaysian Institute of Certified Public Accountants and Malaysian Institute of Accountants.

“His appointment is in line with the current needs of the company, which is experiencing an increase of airport users in Malaysia. This appointment is also consistent with the aspiration of MAHB to make airports in the country the choice of airlines and tourists in the region in a highly competitive environment. With this appointment, it is believed that he is capable of ensuring smart, effective management and that MAHB operations can continue to be improved,“ said Lim.