Latest
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Economy
COLLABORATING FOR A RESILIENT TOMORROW
The Global Chinese Economic and Technology Summit (GCET), formerly known as the World Chinese Economic Summit, will take place on Nov 26 here.
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Corporate News
Companies unsure of digital and green move
Although the Ho Chi Minh (HCM) City government is investing in many preferential policies and incentives for digital transformation and green development, many small and medium enterprises (SMEs) are still confused about how to implement them.
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Corporate News
Nvidia forecast fails to meet loftiest estimates
Nvidia Corp has delivered a revenue forecast that failed to meet the highest expectations, showing that its dizzying growth fuelled by artificial intelligence (AI) has its limits.
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Corporate News
Swedish firm gets US$46mil from Uniper, Samsung for clean fuel
Sweden’s Liquid Wind AB has raised €44mil (US$46mil) from companies including Uniper SE and Samsung Ventures for its plan to produce green fuel for the shipping industry.
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Business
Scam-related claims shoot up to a high of 63%
Scammers show no sign of letting up here with claims from victims continuing to pile up.
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Energy
Indonesia doubles down on renewable energy
State-owned utility firm PT PLN plans to add 47 gigawatts (GW) of renewable capacity to the grid by the end of 2034 in line with the government’s effort to double down on its commitment to generate more power from clean energy, the company says.
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Corporate News
Blackstone invests US$500mil in Lancium AI buildout
Blackstone Inc has invested more than US$500mil in Lancium Inc, which is building more than 5GW of data centres in West Texas with an eye on supplying the booming energy demand for artificial intelligence (AI) applications, according to people familiar with the matter.
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Economy
The Philippines likely to hold off further rate cuts
There are persistent price pressures that have yet to dissipate and could still pose a risk to the inflation outlook, a situation that might prompt the Bangko Sentral ng Pilipinas (BSP) to delay its rate cuts, says governor Eli Remolona Jr.
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Insight
Banks hoping for loose Trump reins are too giddy
US banks enjoyed a sharp stock price jump on Donald Trump’s election victory; two weeks later, they’ve held onto those gains.
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Corporate News
Deglobalisation to continue despite US transition
Companies are rethinking their supply chains as the global economy becomes less connected – a process that will carry on despite the upcoming change of government in the United States, says a senior banker.
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Energy
No new impetus seen for JETP under Trump
Donald Trump’s victory in the US presidential election may hamper the progress of Indonesia’s Just Energy Transition Partnership (JETP), as analysts raise concerns that the US president-elect will not prioritise climate change mitigation.
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Corporate News
Baghdad metro job expected to enhance HSS earnings
HSS Engineers Bhd’s earnings are expected to further pick up in the fourth quarter of 2024 (4Q24), driven by higher recognition from its Baghdad metro project.
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Insight
Different yardsticks for measuring GDP
Recently, people have been discussing a heated topic: the gap between China’s gross domestic product (GDP) and that of the United States is getting bigger and bigger.
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Corporate News
NFO segment to sustain Sports Toto’s earnings
Sports Toto Bhd’s earnings growth in the coming quarters is expected to be sustained by its number forecast operation (NFO).
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Corporate News
Mixed views on PetChem on higher interest expense
Analysts have cut PETRONAS Chemicals Group Bhd’s (PetChem) profit forecasts after its recent financial results came in below expectations.
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Insight
Equity analysts, upgrade yourselves to ‘hold’
Unbiased analysis of publicly traded companies is obviously a good thing. So it’s welcome that recent reform could mark a turning point for Europe’s struggling independent research industry.
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Corporate News
Dyson dials back Malaysia hairdryer ops, redeploys staff
Dyson Ltd is dialing back its hairdryer-related operations in Malaysia, according to people familiar with the matter who declined to be identified discussing matters that are private, as the consumer goods company seeks to streamline its business in the region.
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Corporate News
Hap Seng Plantations poised for strong fourth-quarter performance
With crude palm oil prices (CPO) to remain elevated, analysts expect Hap Seng Plantations Holdings Bhd to record a strong fourth quarter (4Q24) where earnings is likely to be the highest for the financial year this year (FY24).
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Corporate News
Avaland seeks more land as 3Q profit jumps 48%
Avaland Bhd, controlled by Philippine property giant Ayala Land Inc, is actively looking to buy more land in Malaysia to “bolster future earnings”.
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Corporate News
Zetrix a profit driver for MyEG Services
MyEG Services Bhd’s (MyEG) cash flow and balance sheet have turned healthier with the disposal of digital assets and its blockchain developer Zetrix unfolding potential that is likely to boost its profitability.
