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BusinessToday
a day ago
- Business
- BusinessToday
Classita Appoints Former IGP Tan Sri Razarudin As Executive Chairman
Classita Holdings Bhd has announced the appointment of former Inspector General of Police (IGP) Tan Sri Razarudin Husain @ Abd Rasid as its new Independent and Non-Executive Chairman, effective today. Tan Sri Razarudin, 62, retired as Malaysia's 14th IGP in June 2025 after more than 40 years of service in the Royal Malaysia Police (PDRM). He is recognised for his firm leadership, operational expertise, and dedication to institutional transformation, particularly in narcotics enforcement, border security, and talent development. Starting his career as a Cadet Inspector on 27 December 1982, Razarudin steadily rose through the ranks, serving in various senior roles including District Police Chief, Director of the Narcotics Criminal Investigation Department (NCID), and Deputy IGP. He assumed the top police post in June 2023, where he championed modernisation efforts and enhanced professional standards within the force. His tenure saw the introduction of diploma-level qualifications for police constables, plans for a dedicated police university in collaboration with Universiti Kebangsaan Malaysia (UKM), and strengthened international security ties with the Australian Federal Police and China's security agencies. Razarudin also oversaw major national enforcement operations, such as Op Hazard, which uncovered RM2.8 billion worth of e-waste smuggling; Op Sawmill, which seized RM97.3 million in illegal logging; and the dismantling of a child exploitation and cult syndicate linked to GISB Holdings. He holds a Master's degree in Social Science (Policing Studies) and a Diploma in Investigation Science, both from UKM.
New Straits Times
28-07-2025
- Business
- New Straits Times
Foreign outflows continue for third week: MIDF
KUALA LUMPUR: Foreign investors extended their net selling streak on Bursa Malaysia for a third consecutive week, with a net outflow of RM89.9 million, according to MIDF Research. The amount was significantly lower than the RM206.1 million recorded in the previous week. They were net sellers on every trading day except Wednesday and Thursday, with outflows ranging from RM21 million to RM136.5 million. The largest outflow was recorded on Friday, followed by Monday with RM52.3 million and Tuesday with RM21 million. Wednesday and Thursday recorded net inflows of RM97.3 million and RM22.6 million, respectively. The top three sectors that recorded the highest net foreign inflows were transportation and logistics (RM158.7 million), utilities (RM69.5 million) and construction (RM51.4 million). Meanwhile, the top three sectors that recorded the highest net foreign outflows were financial services (RM174.1 million), technology (RM80.8 million) and telecommunication and media (RM70.8 million). Local institutions also extended their net selling streak to a second consecutive week, recording a net outflow of RM15.5 million. This was lower than the RM33.3 million registered in the previous week. Conversely, local retailers maintained their net buying trend for a third straight week, with a net inflow of RM105.4 million. The average daily trading volume experienced a broad-based decline last week. Foreign investors and local retailers recorded decreases of 5.5 per cent and 2.1 per cent respectively, while local institutions saw a modest decline of 0.8 per cent.
