Awang Adek appointed new Mara chairman

Former deputy minister Datuk Dr Awang Adek Hussin has been appointed the new chairman of Majlis Amanah Rakyat (Mara). The appointment, which takes effect on Sept 1, was confirmed by Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob in a statement on Tuesday. Dr Awang Adek, who most recently served as Malaysian Ambassador to […]

Leong and Wan Mohd Firdaus appointed REV Asia directors

Datuk Justin Leong, the former strategic investments and corporate affairs head of Genting Malaysia Bhd, together with Wan Mohd Firdaus Wan Mohd Fuaad have been appointed to the board of REV Asia Bhd as non-executive directors. Both appointments were effective yesterday. Leong is the managing partner and chief investment officer of Alpha Goal International Ltd. He started his […]

Key Alliance names Roy Ho as new MD

Key Alliance Group Bhd has redesignated its executive director (ED) Roy Ho Yew Kee, 42, as its new managing director (MD), with effect from yesterday. Last Thursday, the group’s largest single shareholder Datuk Goh Kian Seng quit the MD post due to other personal commitments. The 55-year-old Goh had been the MD of Key Alliance […]

MACC arrests Isa Samad over luxury hotels purchase by Felda unit

Tan Sri Mohd Isa Abdul Samad has been arrested by the Malaysian Anti-Corruption Agency (MACC) in relation to the controversial purchases of two luxury hotels by Felda Investment Corp Sdn Bhd. (FIC) Mohd Isa was formerly the chairman of the Federal Land Development Authority (Felda), which wholly-owns FIC, an entity that engages in non-farm business. […]

Felda changes nominees at Encorp

Tan Sri Mohd Isa Abdul Samad, together with two non-independent directors —  Datuk Noor Ehsanuddin Mohd Harun Narrashid and Datuk Hanapi Suhada — have resigned from Encorp Bhd’s board as the company’s major shareholder the Federal Land Development Authority (FELDA) has changed its nominees. Isa resigned as chairman of Encorp as FELDA, which holds a […]

Sim Kheng Bon appointed as CEO of Sarawak’s Development Bank

The Sarawak Chief Minister’s (CM) office has appointed Sim Kheng Boon as the chief executive office of the newly established Sarawak Development Bank Bhd (DBOS), effective August 1 this year. Following the appointment of the CEO and other professionals in his core team, DBOS will be ready to commence operation by Jan 1, 2018, the […]

Former EPU director-general joins board of IOI Corp

IOI Corp Bhd has appointed Datuk Seri Dr Rahamat Bivi Yusoff as independent and non-executive director of the company effective Aug 15. Yesterday, Perbadanan Insurans Deposit Malaysia announced the appointment of Rahamat as its chairman for a three-year term starting Aug 15. In a filing with Bursa Malaysia today, IOI Corp said Rahamat has served […]