Latest
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Corporate News
DC Healthcare expands footprint in major cities of Malaysia
KUALA LUMPUR: DC Healthcare Holdings Bhd opened new Dr. Chong Clinic and DC Body locations in KL Publika Shopping Gallery, and DC Body in Johor Bahru Bukit Indah, expanding its presence nationwide.
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Corporate News
Pansar gets RM269mil water treatment plant contract
PETALING JAYA: Pansar Bhd has received a letter of award from Lembaga Air Sibu, Sarawak for the upgrading of a water treatment plant in Salim, Sibu, worth RM269.1mil, via open tender.
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Corporate News
7-Eleven Malaysia declares 2.7 sen per share dividend for FY23
KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd (SEM) has declared an interim single-tier dividend of 2.7 sen per ordinary share for the financial year ended Dec 31, 2023 (FY23).
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Corporate News
AWC gets Hospital Kapar plumbing job worth RM17.8mil
PETALING JAYA: AWC Bhd’s wholly-owned subsidiary, Qudotech Sdn Bhd, has accepted a letter of award worth RM17.8mil from IJM Construction Sdn Bhd for plumbing works at Hospital Kapar, Selangor.
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Corporate News
Systech gets shareholders’ nod to proceed with capital exercise
KUALA LUMPUR: Information technology (IT) solutions company Systech Bhd forges ahead with its transformation plan as the company received shareholders’ nod for its capital exercise proposals at its extraordinary general meeting (EGM) today.
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Markets
Bursa Malaysia tracks Asian markets higher
KUALA LUMPUR: The FBM KLCI tracked other Asian markets higher on Thursday, buoyed by gains in banking stocks, YTL Power and QL Resources.
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Banking
China to keep interest rates at appropriate levels
BEIJING: China will keep interest rates at appropriate levels but also prevent rates from becoming too low, said Zou Lan, head of the monetary policy department at China's central bank.
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Commodities
Gold shines as Middle East tensions offset easing US rate-cut bets
GOLD prices climbed on Thursday, as risks of a widening Middle East conflict raised bullion's safe-haven appeal, overshadowing pressures from prospects of higher-for-longer U.S. interest rates.
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Personal Finance
Malaysian millennials lead as most financially literate generation
KUALA LUMPUR: Millennials in Malaysia are the most financially resilient generation, according to Sun Life’s inaugural “Asia Financial Resilience Index -Malaysia”.
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Energy
Oil stabilises after sharp drop on demand concerns, easing of Middle East tension
NEW DELHI: Oil prices were little changed after a 3% drop in the previous session as the market remains concerned about demand this year and on signs that a wider conflict in the key Middle East producing region could be avoided.
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Economy
China to keep expanding market access
CHINA will step up its efforts to align with high-standard international economic and trade rules, continue to expand market access, and implement measures to ensure national treatment for foreign-funded enterprises, Premier Li Qiang said on Wednesday in Guangzhou, Guangdong province.
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Markets
Asia stocks bounce as soaring dollar pauses
SINGAPORE: Asian stocks made their biggest gains in a month on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook.
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Corporate News
TSMC's first quarter profit rises 9%, beats forecasts
TAIPEI: Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications.
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Forex
Asia FX gains on respite from dollar strength, equities rally
ASIAN emerging market currencies recovered some lost ground on Thursday, with the South Korean won gaining the most, as the greenback consolidated gains with investors slowly adapting to expectations of U.S. interest rates staying higher for longer.
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Markets
Bursa Malaysia mixed at midday break, key index up
KUALA LUMPUR: Bursa Malaysia turned mixed at the midday break with the key index ending the morning session in positive territory, in tandem with regional markets, said a dealer.
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Telcos
Dialog Axiata inks deal to acquire Airtel Lanka via share swap
KUALA LUMPUR: Axiata Group Bhd's Sri Lankan unit Dialog Axiata PLC will acquire rival telco Airtel Lanka from Bharti Airtel Limited in exchange for 10.355% of the total issued shares in Dialog.
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Markets
ACE Market-bound Sin-Kung targets RM26mil in proceeds from IPO
KUALA LUMPUR: Sin-Kung Logistics Bhd aims to raise RM26mil from its initial public offering (IPO) en route to a listing on the ACE Market of Bursa Malaysia.
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Markets
Smart Asia to issue 93.5mil shares, en route to ACE Market listing
KUALA LUMPUR: Smart Asia Chemical Bhd (Smart Asia) has signed an underwriting agreement with Mercury Securities Sdn Bhd for the company’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.
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Corporate News
Matrade to organise halal showcase in Dubai
KUALA LUMPUR: The Malaysia External Trade Development Corp (Matrade) is making its maiden attempt to internationalise the Malaysia International Halal Showcase (Mihas) by taking it to Dubai this year.
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Markets
Feytech inks underwriting deal with TA Securities, AmInvestment Bank
KUALA LUMPUR: Feytech Holdings Bhd has entered into an underwriting agreement with TA Securities Holdings Bhd and AmInvestment Bank Bhd for the company's initial pulic offering (IPO) on the Main Market of Bursa Malaysia.