Morning Brief BFM Media

Paramount Global’s earnings report this week has been overshadowed by major drama in the boardroom, with its CEO and long-time executive Bob Bakish being fired and replaced by a trio of heads. What precipitated this sudden ouster and what does this mean for Paramount’s future prospects? We discuss these developments and other trends in the streaming sector with Geetha Ranganathan of Bloomberg Intelligence.

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The Anwar Ibrahim-administration launched the country's inaugural National Human Resource Policy Framework on Labour Day. It aims to address pressing issues like fair wages, job welfare, labour union movements, job mismatches and foreign labour. Adrian Pereira, Executive Director of the North South Initiative breaks down what was unveiled.

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An MOU was signed between Malaysia and Singapore to create a Johor- Singapore Special economic zone (SEZ). Details are still pending but both economies and multiple sectors will likely benefit. Thilan Wickramasinghe , Head of Research, Singapore, Maybank Investment Bank tells us what are the ingredients for a success SEZ and which companies stand to do well from this.
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Saudi Arabia hosted the World Economic Forum Special Meeting on Global Collaboration, Growth, and Energy for Development this week, with Prime Minister Datuk Seri Anwar Ibrahim in attendance. We discuss Malaysia's bilateral ties with Saudi Arabia and the opportunities that could be explored in the aftermath of the event with Bunn Nagara of the Perak Academy. 

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Earlier this week the government announced a cabinet reshuffle, the first under Prime Minister Srettha Thavisin’s watch, which saw six new faces added to the line-up and four ministers dropped. Dr Greg Raymond, Senior Lecturer, Australian National University tells us why these changes were made whilst giving us a review of Thavisin's deliverables or lack thereof.

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China's retail numbers appear to be healthy so far this year with physical sales up 5.5% for the first two months of this year, while online figures registered a 14% jump, indicating resilience in the e-commerce sector. Catherine Lim, a senior analyst at Bloomberg Intelligence breaks down the numbers and where consumer sentiment in the world's second largest economy is headed for the rest of 2024.

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