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00:04 Assets worth RM19.9 billion belonging to Lembaga Tabung Haji or TH,
00:09 which were placed under a special purpose vehicle of the MOF in late 2018,
00:14 will be returned to the Pilgrim Fund.
00:17 Prime Minister Dato' Sri Anwar Ibrahim said the MOF is satisfied with TH's management,
00:22 governance and financial performance and will initiate talks with the Fund on the matter.
00:27 Speaking at TH's 60th anniversary celebration today,
00:31 the PM said the move also disproves claims that the Fund's assets had been transferred
00:36 to non-Muslim ownership, ending the slander against then-Finance Minister Lim Guan Eng.
00:41 Anwar, who is also the current Finance Minister, said he has seen the records
00:46 and these assets are still being held by the Ministry.
00:49 The MOF, via its special purpose vehicle, had in December 2018
00:54 acquired TH's underperforming properties and equities in exchange for RM10 billion in sukuk
01:00 and RM9.9 billion in Islamic Redeemable Convertible Preference Shares or RCPSI.
01:06 IHH Healthcare said its Group CFO Yerke Aileh will be on garden leave effective from tomorrow
01:17 until his contract ends on January 31, 2024.
01:22 In a filing with The Boris, it said Aileh will also be on garden leave effective from September 30
01:28 until the cessation of his employment contract in Singapore, also on January 31, 2024.
01:35 The filing did not provide a reason behind Aileh's garden leave.
01:38 When contacted, IHH did not provide further comment.
01:42 Aileh was appointed as Group CFO on February 1, 2021,
01:47 eight months after Lau Soon Teck quit to pursue other interests and opportunities.
01:52 Last February, IHH's Group MD and CEO, Dr Kelvin Loh Chee Kion,
01:58 who was appointed to the role some three years ago, resigned.
02:01 His duties are being covered by Group COO Jo Sim Heng Choo
02:05 until IHH Healthcare Singapore's CEO, Dr Prem Kumar Naik,
02:09 takes over with his appointment effective from October 1.
02:13 IHH shares fell 1.85% to SGD5.85, valuing it at SGD51.52 billion.
02:20 Singapore's new gaming regulator has fined Genting's Resorts World Sentosa
02:31 over its failure to perform enhanced customer due diligence measures.
02:35 According to industry magazine Inside Asian Gaming, or IAG,
02:39 the Republic's Gaming Regulatory Authority, or GRA, issued three breach notices over the past year,
02:46 and two of them were sent to Genting's integrated resort on the island of Sentosa.
02:51 Citing details contained in the GRA's 2022-2023 annual report,
02:57 IAG reported that Resorts World Sentosa was issued with two fines,
03:01 one amounting to SGD20,000 or SGD68,777,
03:08 and another SGD75,000, that's SGD257,913.
03:15 The third notice was reportedly issued to Ceylon's Sports Club,
03:19 whose license was suspended for a month for failure to comply with regulatory requirements
03:24 relating to the screening and registration of persons and prevention of entry of excluded persons.
03:30 IAG said these represent the first enforcement actions of the GRA,
03:35 which replaced the former Casino Regulatory Authority and other agencies
03:40 as Singapore's main gaming regulator last August.
03:43 Rubber compound manufacturer GIIB Holdings has announced a significant transition in its leadership
03:55 as its CEO Tai Boon Wee handed over the reins of the business to his two sons, Tai Chi Sheng and Tai Chi Yao,
04:03 who will continue to serve as executive directors within the company.
04:07 Boon Wee's long-time lieutenant, Alison Wong Pin Kiong,
04:10 has also relinquished her role as executive director of GIIB.
04:15 In a filing with Bursa Malaysia, GIIB said both Boon Wee and Wong are stepping down from their roles with immediate effect.
04:22 This is part of the succession plan to transition leadership to the next generation,
04:27 paving the way for fresh perspectives and innovative strategies to guide the company into the future.
04:33 In a separate statement, GIIB said the move is in the best interest of the group
04:38 and that the remaining directors on the board will provide critical guidance and oversight.
04:43 GIIB's shares closed unchanged at 9 cent, valuing it at 53.22 million ringgit.
04:54 Former 1MDB President Arukan Dakanasami and ex-Treasury Sec Gen Tan Sri Muhammad Irwan Sergar Abdullah
05:01 are considering instituting third-party proceedings in 1MDB's 6.59 billion US dollar
05:08 or 30.91 billion ringgit lawsuit against them.
05:12 Such proceedings may see former or possibly current 1MDB officers brought in by the duo
05:18 to be parties and defendants in the action.
05:20 This was relayed following case management this morning to Judicial Commissioner Datuk Raja Ahmad
05:26 Mohsanuddin Shah Raja Mohsan.
05:28 Solicitors for Arukanda also informed the court that the client is considering filing a counterclaim
05:34 after Muhammad Irwan filed a similar application citing abuse of court process in naming him.
05:41 Muhammad Irwan's lawyers are also said to be considering filing a discovery application to the suit.
05:47 Muhammad Irwan was one of the members of 1MDB's Board of Advisors.
05:51 The court fixed November 20 as the date for the next case management.
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