Business

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,, Kuwait Finance House KSCP said it has decided to voluntarily withdraw from the Malaysian market and wind down Kuwait Finance House (Malaysia) Bhd (KFHMB) after 19 years of operation. The group said in a statement here today that this followed a recent announcement on the group’s international business strategic review to focus on and expand in regional markets namely Gulf Cooperation Council (GCC) countries and the Middle East. Acting chief executive officer Ida Aizun Husin said KFHMB is profitable and remains solvent as the group approach this transition with a strong financial foundation, ensuring that all their commitments

KUALA LUMPUR,, Santan AirAsia has launched the brand new Santan Value Combo, offering an array of tantalising hot meals starting from as low as RM10. Santan chief executive officer Catherine Goh said the offering underscores its dedication to providing AirAsia guests with good food, good coffee and good value without compromising on the quality and taste of the food. Santan is the catering arm of Capital A Bhd, which was formerly known as AsiaAsia Group Bhd. ‘We believe that dining on board should be an enjoyable experience, and we are proud to introduce innovative options that are not available on

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

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