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Corporate News
Key Asic signs RM10mil ASIC design contract
KUALA LUMPUR: Key Asic Bhd has entered into a major application-specific integrated circuit (ASIC) design service contract with a customer, R Company, for a total contract value of over RM10mil over a period of three years.
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Corporate News
IOIPG’s 1Q25 net profit down on higher interest expenses
PETALING JAYA: IOI Properties Group Bhd began its financial year of 2025 on a weak footing after first-quarter earnings shrunk due to increased interest expense and a lower revenue from its property development business.
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AseanPlus News
Landslide and flash floods hit Indonesia’s Sumatra island, leaving 16 dead and six missing
Rescuers in Indonesia recovered 16 bodies under tons of mud and rocks or that were swept away in flash floods that hit mountainside villages on Sumatra Island, officials said Monday.
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Nation
There is a plot to derail investments in Kedah, alleges Sanusi
ALOR SETAR: Kedah Mentri Besar Datuk Seri Muhammad Sanusi Md Nor alleges there is a plot to thwart private investments in the state.
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Technology
Google's US antitrust trial over online ad empire draws to a close
(Reuters) - The U.S. Department of Justice will make its final argument on Monday that Google illegally dominated online advertising technology, seeking a second antitrust win against the company.
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Corporate News
Lay Hong’s 2Q25 net profit jumps sevenfold
PETALING JAYA: Lay Hong Bhd's net profit for the second quarter ended Sept 30, 2024 (2Q25) jumped by more than seven times year-on-year (y-o-y) as it reported an increase in earnings across all segments.
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AseanPlus News
Emerging Markets - Thai baht down as bullion loses shine; Singapore dollar slips post inflation data
Thailand's baht slipped on Monday as a weakness in gold prices offset a rally in developing currencies due to a slip in the dollar, while Singapore's currency pared gains after its inflation numbers pointed towards room for policy easing.
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World
Greece recovers bodies of eight migrants off Samos island
(Reuters) - Greece's coastguard has recovered the bodies of eight migrants - six minors and two women - off the island of Samos in the Aegean Sea, authorities said on Monday.
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Forex
Ringgit closes higher against greenback amid falling US bond yields
KUALA LUMPUR: The ringgit closed higher against the American dollar on Monday, buoyed by a decline in US bond yields after the appointment of Scott Bessent as the US Treasury Secretary.
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Nation
MP urges govt to use blockchain tech to combat corruption
KUALA LUMPUR: Blockchain technology can be effective against corruption because it is a transparent and immutable ledger system, the Dewan Rakyat was told.
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Technology
Corning offers to waive exclusive deals in EU antitrust probe, may stave off fine
BRUSSELS (Reuters) -Glass maker Corning has offered to scrap all exclusive clauses in its deals with mobile phone makers and raw glass processing companies to end an investigation, EU antitrust regulators said on Monday, a move which would stave off a possible hefty fine.
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Corporate News
IJM expands into UK construction market with 50% stake in JRL Group
PETALING JAYA: IJM Corp Bhd is proposing to acquire a 50% stake in United Kingdom (UK) - based diversified construction group JRL Group Holdings Ltd for £50mil (approximately RM283mil).
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Cycling
Cycling-Olympic medallist Richardson banned from competing for Australia after allegiance switch
(Reuters) - Matthew Richardson will not be permitted to rejoin the Australian Cycling Team in the future, governing body AusCycling said on Monday, following a review into the cyclist's switch of allegiance from Australia to Britain.
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Corporate News
S P Setia records higher 9M24 profit
PETALING JAYA: Land disposals worth over RM1bil led to a surge in S P Setia Bhd’s profit before tax (PBT), rising by 2.3 times year-on-year to RM853mil in the nine months ended Sept 30, 2024 (9M24).
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India
Brilliant captain Bumrah leads the way as India rout Australia by 295 runs in first Test
India hammed Australia by 295 runs in the opening Border-Gavaskar test to take a 1-0 lead in the five-match series with more than a day to spare at Perth Stadium on Monday.
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World
Georgian ruling party defies protests, boycott to re-open parliament after disputed election
TBILISI (Reuters) - Lawmakers from Georgia's ruling party opened the first session of parliament on Monday after last month's disputed election, defying protesters outside and a boycott by opposition parties who say the vote was illegitimate.
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Corporate News
MPI’s net profit jumps 82.4% to RM30mil in 1Q25
KUALA LUMPUR: Malaysian Pacific Industries Bhd (MPI) anticipates a challenging operating environment, shaped by geopolitical instability, currency fluctuations, and inflationary pressures impacting business operations.
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Nation
Joint operations to combat drug smuggling along Sungai Golok border, says Bukit Aman
SHAH ALAM: Joint operations between the Kelantan Narcotics Crime Investigation Department (NCID) and the General Operations Force will be conducted to locate and destroy smuggling lanes along the Sungai Golok border.
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World
Satellite images suggest North Korea expanding missile plant, researchers say
WASHINGTON/SEOUL (Reuters) -North Korea is expanding a key weapons manufacturing complex that assembles a type of short-range missile used by Russia in Ukraine, researchers at a U.S.-based think tank have concluded, based on satellite images.
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AseanPlus News
HKUST can draw talent to Hong Kong for third medical school despite inexperience: adviser
Ex-Hospital Authority chairman Leong Che-hung says university’s strong research background in life sciences and AI also gives it competitive edge
