Day: July 31, 2024

IMB Group Appoints Tengku Azmil As CIMB Thai Bank’s Chairman, Effective July 19 KUALA LUMPUR,, CIMB Group Holdings Bhd has appointed Tengku Datuk Seri Azmil Zahruddin Raja Abdul Aziz as the CIMB Thai Bank’s chairman and director, effective July 19, 2024. Tengku Azmil succeeded Datuk Robert Cheim Dau Meng, who has retired. In a filing with Bursa Malaysia today, CIMB said Tengku Azmil was appointed as the non-independent director of CIMB Group on July 1, 2024. ‘Formerly the chief investment officer at Khazanah Nasional Bhd (Khazanah), he served Khazanah in various senior positions, including deputy managing director and executive director

KUALA LUMPUR,, Global commercial air passenger traffic for the aviation industry, measured in revenue passenger-kilometres (RPK), remained on its steady growth trend in June 2024, rising 9.1 per cent year-on-year (y-o-y). In a statement today, the International Air Transport Association (IATA) said total capacity, measured in available seat kilometres (ASK), was up 8.5 per cent y-o-y, while June load factor was 85 per cent (+0.5 percentage points (ppt) compared to June 2023). ‘International demand rose 12.3 per cent compared to June 2023. Capacity was up 12.7 per cent y-o-y, and the load factor improved to 85 per cent (-0.3 ppt

KUALA LUMPUR,, The boycott movement on foreign businesses and products is not seen to have a significant impact on the national economy, the Ministry of Economy said. Through a reply posted on the Parliament’s website today, the ministry said the boycott has not impacted the economy since the contribution of the food and beverage subsector to the gross domestic product (GDP) is small, which is 2.4 per cent in the first quarter of 2024. The government will continue to work to ensure that the country’s economy continues to grow and is not affected by any boycott movements, said the ministry.

KUALA LUMPUR,, Expereo in its latest survey revealed that over one third (35 per cent) of global enterprises are struggling to retain or attract crucial skills in artificial intelligence (AI), data and automation, which is threatening their optimistic AI ambitions. This is according to Technology Leaders Survey which highlights a critically low supply of AI expertise, despite AI now being considered as the biggest priority for Chief Information Officers (CIOs) across the world, according to a statement. Its Chief Executive Officer, Ben Elms said: ‘CIOs need to keep pace with market innovations, customer expectations and fierce competition when it comes