Business

KUALA LUMPUR,, Bintai Kinden Corporation Bhd (BKCB) has announced that the group has successfully restructured and rescheduled all of its defaulted banking facilities with its financiers with the aim of uplifting its PN17 status. The engineering services specialist company said it has made substantial progress through strategic initiatives including securing a robust order book, negotiating favourable terms with banks and creditors, implementing cost-cutting measures, finalising outstanding projects and ensuring timely debtor payments. ‘These efforts have been critical in driving the company towards recovery,’ it said in a Bursa Malaysia filing today. On July 30, 2024, BKCB received Maybank’s approval for

KUALA LUMPUR,, The Nippon Express (NX) Group, one of the world’s leading logistics providers, has published its Integrated Report 2024 and its Sustainability Data Book 2024, detailing initiatives to make the group’s businesses even more global, profitable, and sustainable. The Integrated Report focuses on three key points from the group’s latest five-year management plan, namely to improve global competitiveness and achieve business growth; enhance corporate value by increasing business competitiveness and profitability; as well as promote sustainability management as the foundation for all its business activities. The report provides updates on policies and strategies of the NX Group under new

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,, 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

KUALA LUMPUR,, Hunter Point Capital (HPC), an independent investment firm providing capital solutions to alternative asset managers, has appointed SD Chu and Akira Takahashi as Managing Director, Singapore, and Senior Advisor, Japan, respectively, effective immediately. Chu and Takahashi will exclusively focus on amplifying HPC’s presence in Asia and helping the firm’s General Partner (GP) partners build and strengthen relationships in the region, particularly in Korea and Japan, according to a statement. ‘The demand for private capital solutions has gone global and we recognise that Asia is an important and growing region where on-the-ground knowledge of market dynamics is paramount. ‘SD