Latest
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Corporate News
MyEG signs teaming agreement with HeiTech
MyEG Services Bhd and HeiTech Padu Bhd, both linked to businessman Wong Thean Soon or T.S. Wong, have joined hands to “explore services” in the Malaysian information technology (IT) industry.
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Corporate News
GDEX to diversify into IT services and solutions
GDEX Bhd is proposing to undertake a diversification of its existing principal activities to include information technology (IT) services and solutions.
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Corporate News
Abdul Rahman returning to PNB as president
Datuk Abdul Rahman Ahmad will return as the new president and group chief executive officer of Permodalan Nasional Bhd (PNB) as he exits his role as group chief executive officer of CIMB Group Holdings Bhd, a year ahead of his contract expiring.
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Corporate News
Alpha IVF to focus on expansion plan
Alpha IVF Group Bhd remains committed to its growth strategy by focusing on both domestic and international expansion.
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Corporate News
Sikh Shamsul is new Mida CEO
Malaysian Investment Development Authority (Mida) has appointed Sikh Shamsul Ibrahim Sikh Abdul Majid as its new chief executive officer effective tomorrow.
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Economy
Legalisation of casinos to be studied by various agencies
The Finance Ministry has been appointed by the Cabinet as the lead agency in considering the report prepared by an ad hoc House committee on the feasibility of opening entertainment complexes with casinos in Thailand, a news source says.
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Corporate News
Serba Dinamik gets another extension
Practice Note 17 (PN17) company Serba Dinamik Holdings Bhd has obtained another extension from Bursa Malaysia to submit its regularisation plan.
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Markets
VN-Index plunges, loses US$10bil in market cap
Vietnam’s stock market unexpectedly plummeted on Monday amid growing anxiety over volatility in both domestic and international markets.
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Economy
All eyes on oil price, ringgit
The possibility of higher oil prices, should there be an escalation in the conflict between Iran and Israel, would not necessarily provide a tailwind to Malaysia’s economy and the battered ringgit.
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Corporate News
Codelco explores new partnerships
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a production slump and surging debt.
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Economy
Cost of Lockheed F-35 jet deal lilkely to exceed US$1.5 trillion
The world’s costliest weapons programme, Lockheed Martin Corp’s F-35 fighter jet, is getting even more expensive, according to a government watchdog.
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Economy
Middle East turmoil poses major economic risk
Further escalation in the Middle East conflict could pose multi-layered economic risks to Indonesia, ranging from further capital outflows to weaker gross domestic product (GDP) growth, according to analysts and some former government officials.
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Economy
US ties easing of Venezuela oil sanctions to fair elections
The United States will not renew a temporary licence that eases sanctions on Venezuela’s oil and gas sector unless progress is made by President Nicolas Maduro on commitments for free and fair elections this year, a State Department spokesperson says, just days before the licence is to expire.
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Economy
Bank Indonesia steps in to support weaker rupiah
Bank Indonesia stepped in to support the rupiah after the currency weakened past 16,000 per US dollar for the first time in four years.
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Commodities
Oil prices flat as economic headwinds counter Mideast supply fears
Oil prices settled marginally lower on Tuesday after economic headwinds pressured investor sentiment, curbing gains from geopolitical tensions with eyes on Israel and its pending response to Iran's attack on Israeli territory over the weekend.
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Corporate News
MIDA, a vital instrument to remove obstacles for prospective investors - Tengku Zafrul
KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) plays an instrumental investment facilitator role in removing obstacles for prospective investors, said Investment, Trade and Industry (MITI) Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
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Forex
Ringgit easier against US dollar at closing
KUALA LUMPUR: The ringgit continued its downtrend today to end lower against the greenback due to continued positive sentiment for the US dollar, which was bolstered by strong United States retail sales data in March amid concerns over the Middle East tension, said an analyst.
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Corporate News
Alpha IVF remains committed to its growth strategy
PETALING JAYA: Alpha IVF Group Bhd remains committed to its growth strategy, focusing on both domestic and international expansion.
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Sabah & Sarawak
Jentayu hopes to sign PPA for Sipitang hydropower plant by mid-year
KOTA KINABALU: Energy solutions provider Jentayu Sustainables Berhad is hoping to ink its power purchase agreement (PPA) with the Energy Commission of Sabah (ECoS) by the middle of the year.
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Energy
Malaysia needs up to RM90bil to fund critical energy projects in next 10 years
KUALA LUMPUR: Malaysia requires an allocation of RM60 billion to RM90 billion to fund critical projects involving energy transition over the next 10 years, said Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad.