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Malaysia Aviation Group announces the appointment of two new members to the Board

Indian Hospitality Sector News - , Business-Tan Sri Dr. Zulhasnan Rafique and Faridah Bakar Ali have become Non-Executive Directors with effect from July 14

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IHH Healthcare plans IMU disposal for RM1.35 bil cash

IHH Healthcare Bhd is embarking on disposal exercises worth RM1.35 billion, including a divestment of its entire stake in IMU Health Sdn Bhd (IMUH) to Inbound Education Holdings Sdn Bhd (IEHSB) for RM1.24 billion.

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IHH proposes sale of IMU Health for RM1.35bil

KUALA LUMPUR: IHH Healthcare Bhd has proposed the disposal of IMU Health Sdn Bhd and a hospital for an initial total cash consideration of RM1.35bil.

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Axiata, UMedic, Optimax, Mega First, PetDag, Sunway, Genting, Genting Malaysia, MBSB, MISC, Maybank, Kerjaya Prospek, Petron Malaysia, IHH Healthcare, DRB-Hicom, KPJ Healthcare, YTL Corp and AME Elite

Here is a brief look at some corporate announcements and news flow on Thursday (May 26) involving Axiata Group Bhd, UMediC Group Bhd, Optimax Holdings Berhad, Mega First Corp Bhd, Petronas Dagangan Bhd, Sunway Bhd, Genting Bhd, Genting Malaysia Bhd, Malaysia Building Society Bhd, MISC Bhd, Malayan Banking Bhd, Kerjaya Prospek Group Bhd, Petron Malaysia Refining & Marketing Bhd, IHH Healthcare Bhd, DRB-Hicom Bhd, KPJ Healthcare Bhd, YTL Corp Bhd and AME Elite Consortium Bhd.

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Malaysia Aviation Group appoints new directors

KUALA LUMPUR: Malaysia Aviation Group (MAG) has appointed two new non-executive directors - Tunku Alizakri Raja Muhammad Alias and Zaiviji Ismail Abdullah – to the MAG and Malaysia Airlines Bhd’s (MAB) board, effective from March 7, 2022.

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Former EPF CEO Tunku Alizakri appointed director of Malaysia Airlines parent company

Former Employees Provident Fund (EPF) chief executive officer (CEO) Tunku Alizakri Raja Muhammad Alias has been appointed as a non-executive director of Malaysia Airlines Bhd and its parent company Malaysia Aviation Group (MAG) effective on Monday (March 7).

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Ex-EPF CEO Tunku Alizakri appointed independent director of Bumi Armada

Former chief executive officer of the Employees Provident Fund (EPF), Tunku Alizakri Raja Muhammad Alias has been appointed as an independent director of Bumi Armada.
KUALA LUMPUR: Former chief executive officer of the Employees Provident Fund (EPF), Tunku Alizakri Raja Muhammad Alias has been appointed as an independent director of Bumi Armada
.
In a filing with Bursa Malaysia on Thursday, the company said the appointment of Alizakri, 51, took effect on the same day.
The company said he has 20 years’ experience at senior management and board level roles in multiple sectors and industries which include retirement fund, financial services, central banking, healthcare, media and telecommunications, plantation and oil & gas, and property development.

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Ex-EPF CEO Tunku Alizakri named Bumi Armada independent director | Money

Thursday, 15 Jul 2021 11:32 AM MYT
Tunku Alizakri Alias speaks during a panel discussion at Invest Malaysia 2019 in Kuala Lumpur March 19, 2019. — Picture by Firdaus Latif
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KUALA LUMPUR, July 15 — Bumi Armada Bhd has announced the appointment of Tunku Alizakri Raja Muhammad Alias as its independent director, effective July 15.
In a filing with Bursa Malaysia today, the company said Tunku Alizakri has 20 years of experience in senior management and board-level roles in multiple sectors and industries, including financial services, central banking, healthcare, media and telecommunications, plantation, oil and gas, and property development.

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Bumi Armada appoints ex-EPF chief to board | The Malaysian Insight

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Tunku Alizakri Raja Muhammad Alias has been appointed to the board of Bumi Armada. – The Malaysian Insight file pic, July 11, 2021.
BUMI Armada Bhd today announced the appointment of Tunku Alizakri Raja Muhammad Alias as an independent director, effective today.
In a filing with Bursa Malaysia today, the company said Tunku Alizakri has 20 years of experience in senior management and board-level roles in multiple sectors and industries, including financial services, central banking, healthcare, media and telecommunications, plantation, oil and gas, and property development.
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Free-for-all EPF Account 1 withdrawals cast shadow on 2021 dividend

THERE was a good chance of the Employees Provident Fund reaching RM1 trillion in assets this year, had it not been for the Covid-19 pandemic and economic hardship that nudged the government to allow the unprecedented withdrawal of funds that were previously off limits until members reach age 55.
For those who do not need to withdraw money from their EPF accounts, one key question is likely whether a smaller fund size would mean a higher return on investment and higher dividends. Would the reverse be true?
The short answer is that there will likely be some short-term impact and the extent of the hit will depend on just how much the unprecedented Covid-19-related withdrawals reduce the overall fund size and disrupt the provident fund’s investment operations.

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