Fri, 19 Apr 2019, 6:32 AM
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Topic: 1 billion

Malaysiakini:
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Daim Zainuddin has expressed confidence that the price tag for the East Coast Rail Link (ECRL), which was reduced by RM21.5 billion to RM44 billion, is highly likely to come down even further.
Free Malaysia Today:
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KUALA LUMPUR: Daim Zainuddin is confident that the price tag for the East Coast Rail Link (ECRL), which was reduced by RM21.5 billion to RM44 billion, is highly likely to come down even further.
The Star:
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An Indian ban on downloading TikTok, one of the world’s most popular mobile applications, has heightened industry worries that technology companies could now face increased scrutiny and regulatory challenges in one of their most important markets.
Malaysiakini:
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The Walt Disney Company announced Wednesday that it will donate US$5 million (RM20.6 million) to help rebuild the fire-ravaged Notre-Dame Cathedral in Paris, reported Xinhua today.
CarSifu:
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The latest moves provide fresh evidence of Apple’s renewed ambitions to enter the autonomous vehicle derby, an effort it calls Project Titan.
EdgeProp.my:
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KUALA LUMPUR (April 17): Malaysia’s trade policy adjustments and refinements are expected to result in a higher engagement with Chinese companies, particularly after the recent renegotiation on the ...
theSun:
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KUANTAN: The Pahang government plans to seek compensation from the federal government for the forest reserves and wildlife reserves in the state used as water catchments for the benefit of people outs...
The Edge Markets:
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KUALA LUMPUR (April 17): Resorts World Las Vegas has entered into and closed on the US$1.6 billion senior secured credit facilities concurrent with issuance of US$1 billion bonds listed in Singapore, ...
The Star:
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SINGAPORE: Oversea-Chinese Banking Corp. is looking for a Chinese firm to team up with on a securities joint venture on the mainland, the latest foreign bank seeking to capitalise on the nation’s financial-industry loosening.
Malay Mail:
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TOKYO, April 17 — Japan's monthly trade surplus with the United States grew nearly 10 per cent in March, according to official data yesterday likely to be seized upon by Washington in ongoing trade ...
Malay Mail:
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KUALA LUMPUR, April 17 — The government has allocated RM6.3 billion to rescue Federal Land Development Authority (Felda) and another RM17.8 billion on a restructuring plan for Lembaga Tabung Haji...
The Edge Markets:
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KUALA LUMPUR (April 16): Malaysia’s trade policy adjustments and refinements are expected to result in a higher engagement with Chinese companies, particularly after the recent renegotiation on the ...
Malay Mail:
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BEIJING, April 16 — Swedish telecom giant Ericsson said today that China’s market regulator was investigating the company over licensing issues as countries around the world prepare to roll out th...
Malay Mail:
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KUALA LUMPUR, April 16 — Arguably one of the most ambitious mega-projects Putrajaya has embarked on, the initially suspended East Coast Rail Link (ECRL) project is finally back on track, after month...
Digital News Asia:
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ARTIFICIAL intelligence is one of the new frontiers of Malaysia – vast, full of potential, and yet not as thoroughly explored.
Malay Mail:
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MUMBAI, April 16 — India’s stricken Jet Airways appeared to be edging closer to collapse yesterday after lenders failed to take a decision on whether to release crucial funds to keep the debt-lade...
Digital News Asia:
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ARTIFICIAL intelligence is one of the new frontiers of Malaysia – vast, full of potential, and yet not as thoroughly explored.
theSun:
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KUALA LUMPUR: A financial expert today described allegations that the RM10.9 billion deficit gap recorded by Lembaga Tabung Haji (TH) in 2018 resulted completely from Pakatan Harapan (PH) taking over ...
EdgeProp.my:
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PUTRAJAYA (April 15): Prime Minister Tun Dr Mahathir Mohamad said today China Communications Construction Co Ltd will refund to the Malaysian government within a month RM1 billion, which forms a porti...
theSun:
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PUTRAJAYA: Prime Minister Tun Dr Mahathir Mohamad (pix) said today there would be a substantial reduction in financial commitments to Malaysia from the overall loan facility with the improved East Coa...
theSun:
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KUALA LUMPUR: China Communications Construction Company Ltd (CCCC) has agreed to refund part of the RM3.1 billion advance payment for the East Coast Rail Link (ECRL) Phase 2, Double Tracking and the N...
The Edge Markets:
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PUTRAJAYA (April 15): Prime Minister Tun Dr Mahathir Mohamad said today China Communications Construction Co Ltd will refund to the Malaysian government within a month RM1 billion, which forms a porti...
Free Malaysia Today:
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PUTRAJAYA: Dr Mahathir Mohamad says China Communications Construction Company Ltd (CCCC) has agreed to refund part of the RM3.1 billion advance payment for Phase 2, Double Tracking and Northern Extens...
Malay Mail:
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KUALA LUMPUR, April 15 — China Communications Construction Company Ltd (CCCC) has agreed to refund part of the RM3.1 billion advance payment for the East Coast Rail Link (ECRL) Phase 2, Double Track...
Malay Mail:
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MUMBAI, April 14 — India’s beleaguered Jet Airways was staring at a fresh crisis today as hundreds of pilots and other top staff threatened to go on strike over unpaid salaries.
theSun:
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KUALA LUMPUR: The total deposits received by the Pilgrims Fund Board (TH) still show a positive figure as the confidence of the depositors remains intact even though the institution has declared a low...
Malay Mail:
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KUALA LUMPUR, April 14 — The total deposits received by the Pilgrims Fund Board (TH) still show a positive figure as the confidence of the depositors remains intact even though the institution has d...
The Star:
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DETROIT: SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into more than $13 billion when the company goes public next month.
Free Malaysia Today:
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A number of political developments and events have unfolded over the past few weeks, casting a pall over Malaysia Baru.
Malay Mail:
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MUMBAI, April 12 — India's government said today it would investigate Jet Airways' ability to keep flying as the debt-stricken carrier fights for survival.
Malay Mail:
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NEW YORK, April 12 — The chief executive and a managing partner of the collapsed Dubai private equity firm Abraaj Capital Ltd were arrested on US charges that they defrauded their investors, includi...
Tech in Asia:
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Uber’s growth is slowing and it may never make a profit, the company said on Thursday in its initial public offering filing.
The Edge Markets:
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KUALA LUMPUR (April 12): AmInvestment Bank has upgraded Sunway Bhd to “Buy’ from ‘Hold’ with a higher fair value of RM1.95 versus RM1.73 previously, supported by its unbilled sales of RM2.1 bi...
The Star:
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LOS ANGELES: Walt Disney Co.’s new streaming service will cost $7 a month when it debuts Nov. 12, a gambit that the entertainment giant can undercut Netflix Inc. in an increasingly crowded field.
Malay Mail:
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SAN FRANCISCO, April 12 — Uber filed documents yesterday for its much-anticipated public share offering expected to be the largest in the tech sector in years, and a bellwether for other venture-bac...
The Star:
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NEW YORK: Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing.
EdgeProp.my:
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KUALA LUMPUR (April 11): Malayan Banking Bhd (Maybank) is aiming to disburse RM50 billion in mortgages and RM35 billion in loans to small and medium enterprises (SMEs) over the next three years.
The Edge Markets:
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KUALA LUMPUR (April 11): Malayan Banking Bhd (Maybank) is aiming to disburse RM50 billion in mortgages and RM35 billion in loans to small and medium enterprises (SMEs) over the next three years.
The Edge Markets:
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KUALA LUMPUR (April 11): G3 Global Bhd shares rose 8.33% this morning after it collaborated with China Harbour Engineering Company Ltd and SenseTime Group Ltd to set up the first artificial intelligen...
The Edge Markets:
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KUALA LUMPUR (April 11): Public Investment Bank Research has initiated coverage on Halex Holdings Bhd at 95 sen with an “Outperform’ rating and target price of 95 sen and said parallels between Ha...
The Straits Times:
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KUALA LUMPUR • Malaysia's Federal Court yesterday dismissed all three of former prime minister Najib Razak's appeals related to his SRC International corruption case, The Malaysian Insight reported.
The Edge Markets:
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KUALA LUMPUR (April 10): Based on corporate news flows and announcements, stocks on focus for April 11 (Thursday) may be as follows: FGV Holdings Bhd, G3 Global Bhd, London Biscuits Bhd, Malaysia Airp...
The Edge Markets:
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KUALA LUMPUR (April 10): In collaboration with China Harbour Engineering Company Ltd (CHEC), G3 Global Bhd and China’s SenseTime Group Ltd are planning to set up the first artificial intelligence (A...
Malay Mail:
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KUALA LUMPUR, April 10 — G3 Global Bhd and China’s SenseTime Group Ltd are looking to set up Malaysia’s first artificial intelligence (AI) park, in collaboration with China Harbour Engineering C...
EdgeProp.my:
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KUALA LUMPUR (April 10): Some RM1.4 billion of the RM10.5 billion generated from the listing of FGV Holdings Bhd was spent on 'shady transactions', said Economic Affairs Minister Datuk Seri Mohamed Az...
The Star:
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Google became the world’s most profitable Internet company on the back of search advertising. Now, it’s turning another popular web service into a major cash machine.
The Star:
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China’s ambitious plan to assign lifelong scores to citizens based on their behaviour has stoked international concern, even as the project remains nascent and numerous hurdles must be overcome before the experiment can be implemented nationwide.
Malay Mail:
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KUALA LUMPUR, April 10 — The constraints faced by cooperatives (co-ops) in obtaining financial assistance from banks and financial institutions are among the reasons for the slow growth recorded by ...
Malay Mail:
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KUALA LUMPUR, April 10 — Co-opbank Pertama Malaysia Bhd (CBP) is setting aside an additional fund of RM700 million for co-operative (co-op) sector financing to boost the sector’s financing percent...
Malay Mail:
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KUALA LUMPUR, April 10 — Co-opbank Pertama Malaysia Bhd (CBP) is setting aside an additional fund of RM700 million for co-operative (co-op) sector financing to boost the sector’s financing percent...
EdgeProp.my:
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KUALA LUMPUR (April 10): Felda was profitable between 2007 and 2011, with income averaging RM3.1 billion per year and peaking at RM5.9 billion in 2010, according to Economic Affairs Minister Datuk Ser...
The Edge Markets:
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KUALA LUMPUR (April 10): Felda's liabilities surged 11 times to RM14.4 billion in 2017 from RM1.2 billion in 2007, due to additional debt incurred by Felda to finance non-strategic investment, accordi...
The Star:
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HONG KONG: Bytedance Ltd., China’s most valuable startup, has secured a $1.335 billion syndicated loan from a group dominated by Wall Street banks, according to people familiar with the matter.
The Edge Markets:
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KUALA LUMPUR (April 10): Felda was profitable between 2007 and 2011, with income averaging RM3.1 billion per year and peaking at RM5.9 billion in 2010, according to Economic Affairs Minister Datuk Ser...
Malay Mail:
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KUALA LUMPUR, April 10 — ShopBack, a one-stop rewards and discovery platform, has secured US$45 million (RM184.3 million) in its latest funding round It said the new capital injection brings the com...
The Straits Times:
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KUALA LUMPUR - Malaysia's Federal Court on Wednesday (April 10) dismissed all three of former prime minister Najib Razak's appeals related to his SRC International corruption case, The Malaysian Insig...
Malay Mail:
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KUALA LUMPUR, April 10 — Emergency funds for the Federal Land Development Authority (Felda) have taken a critical hit, the economic affairs minister told Parliament today as he highlighted its cash ...
The Edge Markets:
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KUALA LUMPUR (April 10): Some RM1.4 billion of the RM10.5 billion generated from the listing of FGV Holdings Bhd was spent on 'shady transactions', said Economic Affairs Minister Datuk Seri Mohamed Az...
The Star:
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SINGAPORE: An Asian rewards app that works with Alibaba Group Holding Ltd. and major online brands has snagged $45 million from Japan’s Rakuten Capital and other investors.
EdgeProp.my:
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KUALA LUMPUR (April 10): Genting Bhd said the construction of Resorts World Las Vegas is progressing well, with the casino and resort on track to open by end 2020.
Malay Mail:
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SYDNEY, April 10 — Shares in Australian gambling giant Crown plunged by almost 10 per cent today after Las Vegas casino group Wynn Resorts abruptly pulled the plug on its takeover offer.
The Edge Markets:
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KUALA LUMPUR (April 9): Genting Bhd said the construction of Resorts World Last Vegas is progressing well, with the casino and resort on track to open by end 2020.
The Edge Markets:
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KUALA LUMPUR (April 9): Minister in the Prime Minister's Department Datuk Seri Dr Mujahid Yusof Rawa said there is no need to set up a Royal Commission of Inquiry (RCI) or get the Public Accounts Comm...
The Star:
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NEW YORK: Nomura Holdings Inc.’s Chief Risk Officer Lewis O’Donald and senior salespeople and traders in New York, Europe and Asia are among those leaving as Japan’s largest brokerage retrenches from several markets including US credit, according to people familiar with the matter.
Malay Mail:
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WASHINGTON, April 8 — Pinterest said today it would raise up to US$1.5 billion (RM6.15 billion) in its stock offering, setting a price range that trims the value of the online visual discovery start...
The Edge Markets:
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PUTRAJAYA (April 8): The Pilgrims Fund Board (TH) will look for ways to shorten the waiting period for its depositors to perform the haj pilgrimage, said Minister in the Prime Minister’s Department ...
Malaysiakini:
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Lembaga Tabung Haji will look for ways to shorten the waiting period for its depositors to perform the hajj, Minister in the Prime Minister’s Department Mujahid Yusof Rawa said today.
Malay Mail:
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PUTRAJAYA, April 8 — The Pilgrims Fund Board (TH) will look for ways to shorten the waiting period for its depositors to perform the haj pilgrimage, said Minister in the Prime Minister’s Departmen...
Free Malaysia Today:
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GEORGE TOWN: Putrajaya has yet to receive any deposit for a Malaysian government-owned building it has put up for sale in central Hong Kong, Finance Minister Lim Guan Eng said today after an MCA leade...
Tech in Asia:
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They used to be the billion-dollar startups.
The Edge Markets:
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How serious is the government in exposing graft and shenanigans at government-linked companies?
Malay Mail:
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APRIL 8 — A CNN Business story from late March revealed China was still trailing the US in cutting-edge technology despite being home to a third of the world’s “unicorns,” or tech startups val...
The Star:
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NEW DELHI: Lenders to India’s troubled Jet Airways Ltd may have to wait a little longer to sell a stake in the carrier, as they need more clarity from the country's central bank, the Business Standard newspaper reported on Sunday.
Free Malaysia Today:
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GEORGE TOWN: In the latest chapter of a running squabble over the market price of the Malaysia Building in Hong Kong, DAP secretary-general Lim Guan Eng has urged MCA president Wee Ka Siong to admit d...
The Edge Markets:
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KUALA LUMPUR (April 6): IHH Healthcare Bhd recently completed its protracted acquisition of a 31.17% stake in Fortis Healthcare Ltd, thus expanding its footprint in India.
Malay Mail:
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WASHINGTON, April 6 — David Malpass, US President Donald Trump’s nominee to lead the World Bank, won unanimous approval from the institution’s executive board yesterday, continuing the 73-year t...
Malay Mail:
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SINGAPORE, April 6 — Negotiations with the integrated resorts to commit about S$9 billion (RM27.1 billion) of non-gaming investments took more than two years, but the Singapore government was able t...
The Straits Times:
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KUALA LUMPUR • A second trial covering 25 criminal charges against former Malaysian prime minister Najib Razak is set to begin on May 14.
The Straits Times:
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PUTRAJAYA (THE STAR/ASIA NEWS NETWORK) - Malaysia's pilgrim fund Lembaga Tabung Haji (TH) will give a hibah (dividend) of 1.25 per cent to its depositors for the 2018 financial year, said Minister in ...
Malay Mail:
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OSLO, April 5 — Norway’s sovereign wealth fund, the world’s largest, will streamline its US$300 billion (RM1.2 trillion) fixed-income portfolio by cutting emerging market bonds from the benchmar...
theSun:
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PUTRAJAYA: Lembaga Tabung Haji (TH) today announced a hibah (dividend) of 1.25%, which amounts to a payout of RM913 million to its depositors for the 2018 financial year.
Malay Mail:
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MUMBAI, April 5 — India’s largest commercial oil company said today that it had stopped supplying fuel to Jet Airways, deepening the woes of the beleaguered carrier as it battles for survival.
Malay Mail:
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STOCKHOLM, April 5 — Swedbank Chairman Lars Idermark has quit only a week after the lender’s chief executive was ousted over her handling of a money laundering scandal, saying the controversy thre...
Malaysiakini:
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Several Pakatan Harapan lawmakers who attended a recent special briefing on Tabung Haji were informed of a further RM10 billion in losses which was allegedly kept off the books.
The Edge Markets:
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PUTRAJAYA (April 5): Lembaga Tabung Haji (TH) today announced a hibah (dividend) of 1.25 percent, which amounts to a payout of RM913 million to its depositors for the 2018 financial year.
Malaysiakini:
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The Lembaga Tabung Haji today announced a hibah (dividend) of 1.25 percent, amounting to a payout of RM913 million to its depositors for the 2018 financial year.
The Straits Times:
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PUTRAJAYA - Malaysia's Federal Court will deliver its decision on former prime minister Najib Razak's appeals in his SRC International corruption case next Wednesday (April 10).
The Edge Markets:
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KUALA LUMPUR (April 5): Ringgit is steady, helped by improved sentiment amid optimism over a US-China trade deal, but the currency may be pressured lower due to a surprise drop in Malaysian exports.
The Straits Times:
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Malaysia's former prime minister Najib Razak was back in court yesterday with three appeals on his corruption case related to SRC International, a former subsidiary of 1Malaysia Development Berhad (1M...