Malaysia

KUALA LUMPUR: Village Grocer officially open its 33rd supermarket outlet, located in new suburban area Myra Park, Nilai. This new location will provide local community with green spaces and social areas. Nilai marks another milestone for Village Grocer, as the brand continues to expand its footprint and bring its premium grocery offers to communities beyond Klang Valley. Strategically situated within modern residential area Myra Park Marketplace in Nilai, the new Village Grocer location will serve as a one-stop destination for discerning shoppers seeking the freshest produce, high-quality meats, artisanal baked goods, and a wide selection of specialty and gourmet items. “At Myra Park, we focus on elevating daily living through well-designed spaces and convenient amenities. Myra Park Marketplace will play a key role in enhancing the overall township experience for both residents and visitors,” said Mr. Kim Lin Teng , Chief Executive Officer of CHJ Property . The Food Purveyor’s Group Executive Chairman, Mr. Ong Kim Too , expressed his delight in inaugurating their newest supermarket location at Myra Park Marketplace, Nilai. He conveyed the company’s pride in being recognised and accepted by Oriental Interest Berhad. “We’ve been looking forward to our new supermarket opening in Nilai as we continue to grow beyond Klang Valley. This new establishment aims to enhance the shopping experience for the Nilai and its surrounding residences, and we are glad to be part of the community here”. The Food Purveyor’s Chief Executive Officer, Mr. Kok Kian Kee shared that Nilai marks an important milestone as Village Grocer continues to grow and expand its reach beyond Klang Valley. “We believe in bringing exceptional grocery experience closer to home, convenient and within reach. We eliminated the need to travel the distances to access to fresh and quality groceries for your family”. As a homegrown brand, Village Grocer is committed to giving back to local communities. It actively supports and source from local farmers, small businesses, and local brands. Village Grocer is also passionate about sustainability and has set a goal to be plastic-free. Its environmental, social and governance efforts have earned Village Grocer several awards. -PR Newswire

KUALA LUMPUR: Capital A Berhad has reported a strong financial turnaround, posting a net profit of RM689.57 million for the first quarter ended 31 March 2025. This marks a significant recovery from the net loss of RM91.55 million recorded in the same period last year. According to its filing with Bursa Malaysia, the group’s revenue from continuing operations rose to RM414.52 million, up from RM359.76 million previously. This growth was primarily driven by improved performance across its non-aviation businesses. Capital A is currently undertaking the divestment of its aviation business to AirAsia X Berhad, with the transaction expected to be completed by the third quarter of 2025. The group said the move would enable its non-aviation segments, such as Asia Digital Engineering and Teleport, to accelerate their growth plans. These efforts are supported by increasing demand and targeted capital-raising initiatives. The company had previously stated that it was on track to complete its proposed regularisation and restructuring plan by June 2025. This follows continued progress in meeting key regulatory, financial, and operational milestones. Capital A had aimed to exit its Practice Note 17 (PN17) status by May, having secured approvals from both its shareholders and the High Court for its regularisation plan. -Bernama

KUALA LUMPUR: Proton Holdings Berhad has announced the appointment of Ainol Azmil as covering Deputy Chief Executive Officer, effective 10 June 2025. Ainol will assume the responsibilities of Roslan Abdullah, who departs after five years of service in the role. He will report directly to Group Chief Executive Officer, Dr Li Chunrong. Proton confirmed that Ainol will concurrently retain his current responsibilities in corporate strategy and group technical procurement. In a statement, the company acknowledged Roslan’s contributions, noting his role in strengthening Proton’s position as a leading automotive brand in Malaysia. He also played a significant part in the group’s entry into the electric vehicle segment through the launch of its inaugural EV model, the Proton e.MAS 7. “Proton welcomes Ainol to the role of covering Deputy CEO. We are confident in his ability to carry out this temporary appointment,” the company said. -Bernama

KUALA LUMPUR: Axiata Group Berhad has announced the appointment of Didi Syafruddin Yahya as an Independent Non-Executive Director, effective 1 June 2025. The appointment reflects Axiata’s commitment to financial excellence, strategic growth, and strong corporate governance in a rapidly evolving digital and telecommunications landscape. In a statement issued today, the group highlighted Didi Syafruddin’s proven expertise in investment strategy, risk management, and financial transformation as pivotal to Axiata’s continued progress. The board expects his contribution to play a key role in driving the company’s long-term growth and sustainability agenda. Didi Syafruddin currently serves as President Commissioner of PT Bank CIMB Niaga Tbk and as Senior Independent Director at CIMB Group Holdings Berhad. He has played a significant role in enhancing board governance, refining risk frameworks, and steering financial strategy across institutions. His distinguished career spans more than 30 years, with leadership positions at JP Morgan in Malaysia and Indonesia, Morgan Grenfell, and Arthur Andersen & Co. His extensive background in investment banking and strategic financial management underpins his reputation as a leader in financial sustainability and risk oversight. He holds a Master of Arts from the University of Cambridge and is a Fellow Chartered Accountant with the Institute of Chartered Accountants in England and Wales. Axiata Chairman Tan Sri Shahril Ridza Ridzuan welcomed the appointment, stating that Didi Syafruddin’s broad leadership experience and financial acumen would be invaluable to the group’s forward strategy. “We are delighted to welcome him and look forward to his contributions,” he said. Group Chief Executive Officer and Managing Director Vivek Sood noted that the appointment comes at a pivotal moment, as Axiata undergoes transformation and simplification across its portfolio. -Bernama

KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has seized assets worth RM32 million from a highway concessionaire bearing the title ‘Tan Sri’, as part of its investigation into the alleged misappropriation of sukuk funds allocated for highway construction in the Klang Valley. According to sources, MACC’s Investigation Division conducted searches at two residences in the capital, confiscating 217 luxury watches valued at RM5 million, 27 high-end handbags worth over RM1 million, and RM4 million worth of jewellery. Nine luxury vehicles, including models from Bentley, Mercedes-Benz, and Range Rover, estimated to be worth RM7 million, were also seized. Additionally, MACC uncovered a luxury liquor collection believed to be linked to money laundering activities, valued at approximately RM3 million. A high-end residential property in the capital, worth around RM12 million, was also seized. The seizures were made under the MACC Act 2009 and the Anti-Money Laundering and Anti-Terrorism Financing Act (AMLA) 2001 as investigations continue.

KUALA LUMPUR: Bursa Malaysia Securities Berhad has issued a consultation paper inviting public feedback on proposed amendments to its Listing Requirements (LR) for the Main Market, ACE Market, and LEAP Market. The amendments aim to align the LR with the Companies (Amendment) Act 2024, which now extends corporate rescue mechanisms—namely judicial management (JM) and corporate voluntary arrangement (CVA)—to listed issuers. The Exchange proposes mandatory disclosure of material information on JM and CVA to enhance transparency and keep investors informed. Additionally, Bursa Malaysia is proposing an exemption for certain joint venture transactions from being classified as related party transactions, provided specific safeguards are met. This aims to strike a balance between investor protection and business efficiency. The proposed changes reflect the Exchange’s continued efforts to maintain a relevant and balanced regulatory framework in response to market developments. The public can review the full consultation paper and submit comments by 10 July 2025 via Bursa Malaysia’s website.