Berjaya Corp CEO to announce reorganisation — report

PETALING JAYA (May 1): Berjaya Corp Bhd (BCorp) chief executive officer (CEO) Abdul Jalil Abdul Rasheed will be announcing a reorganisation in June to streamline the group's businesses, reported New Straits Times.

According to the report, quoting Jalil, the group also plans to spin off non-core assets.

“It’s important to get the foundation right first, which includes reorganising the business and knowing clearly what businesses we want to be in,” he told New Straits Times. BCorp’s operations span hotels, property, betting, automobiles and insurance.

The company hired an outside professional for the first time ito revamp one of Malaysia’s biggest diversified groups as it tries to recover from the effects of the global Covid-19 pandemic. Jalil was the CEO of Permodalan Nasional Bhd (PNB), the country’s top state-run money manager, and has worked with Aberdeen Standard Investments and Invesco Ltd.

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