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MUMBAI, May 10 — India’s biggest lender today said it has received two unsolicited bids for Jet Airways, raising hopes for the revival of the debt-laden carrier which was forced to ground its enti...
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Facebook Inc quickly rejected a call from co-founder Chris Hughes on May 9 to split the world's largest social media company in three, while lawmakers urged the US Justice Department to launch an antitrust investigation.
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Earlier this week, Axiata Group Berhad and Telenor Group had announced that they are in talks to merge their Asian operations.
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WASHINGTON, May 10 — Facebook Inc quickly rejected a call from co-founder Chris Hughes yesterday to split the world’s largest social media company in three, while lawmakers urged the US Justice De...
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Facebook Inc co-founder and former Mark Zuckerberg roommate Chris Hughes has called for the break up of the social network in an opinion piece in the New York Times.
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NEW YORK, May 9 — Occidental Petroleum chief executive Vicki Hollub was caught off guard when US oil giant Chevron swooped in last month with a US$33 billion (RM137.1 billion) offer to buy Anadarko ...
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WASHINGTON, May 9 — Facebook Inc co-founder and former Mark Zuckerberg roommate Chris Hughes called for the break-up of the world’s largest social media network in an opinion piece in the New York...
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NEW YORK, May 9 — Chevron Corp abandoned its pursuit of Anadarko Petroleum Corp today, outmanoeuvred by a higher rival bid of US$38 billion (RM159.8 billion) that included more than three times as m...
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PARIS, May 9 — It took Total’s chief executive and a small group of advisers just days to line up the French energy major’s biggest acquisition in almost two decades when it agreed to buy the Af...
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FRANKFURT, May 9 — Car parts supplier Bosch said today it plans to produce zero net carbon emissions “from 2020” and to spend €2 billion (RM9.1 billion) on renewable electricity over the next ...
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Alibaba Group’s affiliate online payment service company Ant Financial has secured a virtual bank license from Hong Kong authorities, according to a statement.
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KUCHING: Sarawak needs RM154 billion funding within the next 11 years to put in place all the required infrastructure and facilities to realise its vision of becoming a developed state by 2030, said C...
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KUCHING: Sarawak needs approximately RM154 billion funding within the next 11 years to put in place all the required infrastructure and facilities to realise its vision to become a developed state by ...
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The implementation of the Goods and Services Tax (GST) on April 1, 2015, and its abolishment three years later probably makes it one of the most — if not the most — controversial tax to be introdu...
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In 1986, Singapore became the second nation in the world to enter the semiconductor foundry industry.
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PETALING JAYA: Former prime minister Najib Razak and his wife Rosmah Mansor can apply to the High Court to return the movable properties seized by the police last year if they can prove that these wer...
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The implementation of the Goods and Services Tax (GST) on April 1, 2015, and its abolishment three years later probably makes it one of the most — if not the most — controversial tax to be introdu...
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On the eve of Pakatan Harapan's first anniversary in power, the business community has given it the thumbs up, describing the performance of the new administration’s mix of experienced politicians a...
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Former prime minister Najib Abdul Razak claimed that police were taking the civil forfeiture route on his assets totalling RM711 million as returning them would vindicate him.
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KUALA LUMPUR: On the eve of Pakatan Harapan’s first anniversary in power, the business community has given it the thumbs up, describing the performance of the new administration’s mix of experienc...
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KUCHING: Sarawak recorded a revenue collection of RM2.219 billion for the first quarter of this year, mainly from cash compensation in lieu of oil and gas rights, said second finance minister Datuk Se...
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The speed and scale of the transition to artificial intelligence is likely to take Asian governments by surprise, potentially causing economic and social shocks, according to MIT Technology Review.
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KUCHING, May 8 — Sarawak recorded a revenue collection of RM2.219 billion for the first quarter of this year, mainly from cash compensation in lieu of oil and gas rights, said second finance ministe...
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US President Donald Trump’s businesses lost a total of more than US$1 billion from 1985 to 1994, according to the New York Times, which said it obtained printouts from Trump’s official Internal Re...
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KUALA LUMPUR, May 8 — Putrajaya and the Royal Malaysia Police have initiated legal action to forfeit property, jewellery, luxury goods, vehicles and other valuables seized during raids on Datuk Seri...
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WASHINGTON: U.S. President Donald Trump's businesses lost a total of more than $1 billion from 1985 to 1994, according to the New York Times, which said it obtained printouts from Trump's official Internal Revenue Service tax transcripts
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DUBLIN, May 7 — A push by makers of electronic cigarettes to raise nicotine levels in the European Union towards their far higher American levels is running into opposition, a senior executive at US...
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KUCHING, May 7 — Sarawak’s Ministry of Utilities has been allocated RM5.1 billion to carry out water and electricity supply projects over the next two years, its minister Datuk Seri Stephen Rundi ...
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SINGAPORE (May 7): Marina Bay Sands will pay S$1.3 billion for a 33,000 square-meter land parcel in Singapore, the New Paper reports, citing Senior Minister of State for Trade and Industry Chee Hong T...
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KUALA LUMPUR (May 6): Finance Minister Lim Guan Eng is confident that Malaysia is on the right track to strengthening the economy and fiscal status by 2021, leading the way to regaining its position...
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Axiata has just announced that they are currently in discussions with Norwegian Telenor Group to established a new merged global entity by combining Axiata and Telenor’s Asian operations.
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Norway’s Telenor is in talks with Malaysia’s Axiata Group to form a jointly-owned Asian telecoms company with close to 300 million customers, the companies said on May 6.
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LONDON: Lehman Brothers is finally leaving Canary Wharf, almost a dozen years after the Wall Street giant’s collapse.
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The following is an edited excerpt from Startup Vietnam: Innovation and Entrepreneurship in the Socialist Republic by Andrew P. Rowan.
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KUCHING, May 6 — Sarawak registered a total trade value of RM143.7 billion last year compared to RM137.6 billion in 2017, state Assistant Minister of International Trade and e-Commerce Datuk Naroden...
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YOURSAY | ‘If the ex-PM is found guilty, does the Treasury then get a refund?’ Putrajaya honoured RM1m golden handshake for Najib Apa Ini: Why did Putrajaya honour the RM1 million golden handshake...
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KUALA LUMPUR: Finance Minister Lim Guan Eng is confident that Malaysia is on the right track to strengthen its economy and fiscal status by 2021, leading the way to regaining its position as an Asian ...
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KUALA LUMPUR: Finance Minister Lim Guan Eng is confident that Malaysia is on the right track to strengthening the economy and fiscal status by 2021, and becoming an Asian Tiger.
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PARIT BUNTAR, May 4 — Firm action will be taken against any individual who sow the politics of hatred in mosques during Ramadan which will be celebrated soon.
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KUALA LUMPUR, May 5 — Finance Minister Lim Guan Eng is confident that Malaysia is on the right track to strengthening the economy and fiscal status by 2021, leading the way to regaining its position...
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PARIT BUNTAR: Stern action would be taken against those who sow hatred in mosques during the fasting month, Ramadan, which begins next week, said Minister in the Prime Minister’s Department Mujahid ...
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PARIT BUNTAR: Firm action will be taken against any individual who sows the politics of hatred in mosques during Ramadan.
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Firm action will be taken against any individual who sow the politics of hatred in mosques during Ramadan that will be celebrated soon.
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PETALING JAYA: Perlis mufti Asri Zainul Abidin has agreed to meet DAP leaders, including DAP secretary-general Lim Guan Eng, following his reported criticism of the party.
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MILAN, May 3 — Automaker Fiat Chrysler (FCA) said today that it would still meet its annual target of a stable operating profit despite seeing net earnings chopped nearly half in the first three mon...
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KUALA LUMPUR (May 3): Malaysian exports decreased 0.5% to RM84 billion in March 2019 from a year earlier as the nation sold less electrical and electronic products and commodity-based items.
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PARIS, May 3 — Oil and gas majors are failing to disclose to shareholders the full extent of risks to their business models posed by climate change legislation, experts said yesterday.
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FRANKFURT, May 2 — German car behemoth Volkswagen today reported a slip in profits in the first quarter, in part blaming a €1 billion (RM4.63 billion) charge over "legal risks" related to its "die...
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KUALA LUMPUR: The potential downgrade of Malaysia's credit rating has not affected the confidence of American investors in Malaysia and any possibility of foreign investment outflow arising from it is seen as a short-term impact.
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KUALA LUMPUR (May 2): Malaysia's exports likely eased again in March, but at a slower rate than the previous month, a Reuters poll showed on Thursday.
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CHICAGO, May 2 — The US Food and Drug Administration yesterday gave Sanofi SA's dengue vaccine Dengvaxia a very narrow approval as the company continues to suffer from evidence that its vaccine, whi...
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HONG KONG, May 1 — Gambling revenue in the Chinese territory of Macau fell 8.3 per cent in April, the biggest year-on-year drop since June 2016, due to tempered demand from high rollers amid a slowd...
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NEW YORK, May 1 — Pfizer Inc yesterday reported first-quarter profit that beat Wall Street estimates and slightly raised its 2019 earnings forecast, as the company reined in costs and recorded highe...
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Investments in Asian fintech companies fell below US$1 billion per quarter for the first time in over a year as China tightened regulations on online lenders, according to market intelligence firm CB ...
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LONDON,  April 30 — Britain’s main index slipped today as mining shares fell following weak data from China and restaurant group Whitbread and mining company Glencore dropped after issuing weak f...
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LONDON, April 30 — European shares fell today weighed down by banks as investors parsed through a mixed bag of earnings, while sentiment remained fragile over growth worries after weak factory data ...
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HONG KONG, April 30 — Standard Chartered announced a share buyback of up to US$1 billion (RM4.13 billion) today as the bank reported a jump in first quarter pre-tax profits.
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HONG KONG: Standard Chartered Plc is buying back ordinary shares for the first time in more than 20 years as Chief Executive Officer Bill Winters seeks to put misconduct and profitability woes behind the Asia focused lender.
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NEW YORK, April 29 — Anadarko Petroleum Corp said today it planned to resume talks with Occidental Petroleum Corp over its US$38 billion (RM157.1 billion) bid, putting pressure on Chevron Corp to ra...
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BRUSSELS, April 29 — The European Union today launched a plan to give up to €1 billion (RM4.6 billion) in cheaper loans to young farmers, who are often turned away by banks.
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The coming week will be a busy one on the trade front.
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CHICAGO, April 29 — Boeing Co Chief Executive Dennis Muilenburg will face shareholders today for the first time since two fatal crashes that led to the 737 MAX’s grounding worldwide and triggered ...
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BEIJING (April 29): The RM1 billion refund from China Communications Construction Co Ltd (CCCC) is the money that the previous government paid in advance before work on the East Coast Rail Link was do...
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BEIJING (April 28): The RM1 billion refund from China Communications Construction Co Ltd (CCCC) is the money that the previous government paid in advance before work on the East Coast Rail Link was do...
Lowyat.NET:
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Intel recently has announced that it is shutting down its 5G smartphone modem business.
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Remember the previous rumour from Pastebin which claims that the PlayStation 5 will be announced in June?
Malay Mail:
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WASHINGTON, April 26 — The workplace messaging startup Slack filed documents today to list its shares on the New York Stock Exchange, the latest of a group of richly valued tech enterprises to look ...
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NEW YORK, April 26 — Uber Technologies Inc unveiled terms for its initial public offering today, telling investors the ride-hailing company and insiders would seek to sell as much as US$10.35 billio...
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BEIJING (April 26): Prime Minister Tun Dr Mahathir Mohamad had today visited SenseTime Group Ltd's office here, where he gained first-hand experience of the company's latest artificial intelligence (A...
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TOKYO: Japan's Nomura Holdings Inc reported an annual loss for the first time in a decade and said it would not pay directors' bonuses, amid rising pressure to right its wholesale business and drastically pare back costs.
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LONDON: Britain's competition regulator on Thursday blocked Sainsbury's proposed 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda - a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.
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KUALA LUMPUR, April 25 — Etiqa Group Insurance and Takaful achieved a double-digit gross premium growth of 17 per cent to RM7.2 billion for the financial year (FY) ended December 31, 2018, although ...
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MILAN, April 25 — French luxury group Kering is close to agreeing to pay between €1.3 billion and €1.4 billion (RM6.025-6.45 billion) to settle a dispute with Italian authorities over unpaid tax...
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TOKYO: Japan’s Nomura Holdings Inc on Thursday posted a net loss of 100.4 billion yen ($897 million), its first annual shortfall in a decade, as the investment bank struggles to right its wholesale business and drastically pare back costs.
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KUALA LUMPUR (April 25): Etiqa Group Insurance & Takaful closed its financial year ended Dec 31, 2018 (FY18) with 17% gross premium growth at RM7.2 billion from a year earlier and a 19% drop in profit...
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The Madras High Court on April 24 moved to lift a ban on popular video app TikTok in the country, two lawyers involved in the case said, in a boost for its developer Beijing Bytedance Technology Co.
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KUALA LUMPUR (April 24): Based on corporate announcements and news flow today, companies that may be in focus on Thursday (April 25) may include the following: Bumi Armada Bhd, MISC Bhd, RHB Bank Bhd,...
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NEW YORK, April 24 — Boeing today reported lower first-quarter profits as the global grounding of its 737 MAX plane following two crashes hit earnings.
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KUALA LUMPUR (April 24): MISC Bhd expects to secure more projects this year, given the company’s capability to take up to US$2 billion - US$3 billion worth of new jobs, compared with the US$1 billio...
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LONDON, April 24 — World shares pared back losses today as positive earnings in Europe from Credit Suisse and investor support for SAP helped soothe worries that China has put broader stimulus on ho...
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KUALA LUMPUR, April 24 — Bursa Malaysia ended higher today on continued buying momentum led by heavyweight MISC as investors sentiment improved, sparked by better-than-expected corporate earnings in...
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KUALA LUMPUR (April 24): MISC Bhd expects a 20% rise in 2020 net operating cash flow compared with 2018, in anticipation that 2019 projects will start to contribute in 2020.
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BUTTERWORTH: A government-linked financier today indicated its willingness to provide financial assistance to tech start-ups in Malaysia, to stem the outflow of such initiatives to other countries.
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KUALA LUMPUR (April 24): FGV Holdings Bhd, the world’s third largest oil palm estate operator, and pilgrims fund Lembaga Tabung Haji are considering selling their plantation assets in Indonesia, in ...
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It’s a classic scenario of good intentions – or good technology in this case – gone wrong.
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KUALA LUMPUR: FGV Holdings Bhd, the world’s third largest oil palm estate operator, and pilgrims fund Lembaga Tabung Haji are considering selling their plantation assets in Indonesia, in a bid to im...
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NEW YORK, April 24 — Two former executives of a major US pharmaceutical company were charged yesterday with fulfilling orders they knew to be fraudulent during the opioid epidemic that has claimed t...
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India's ban on popular Chinese video app TikTok is resulting in "financial losses" of up to US$500,000 a day for its developer, Beijing Bytedance Technology Co, and has put more than 250 jobs at risk, the company said in a court filing seen by Reuters.
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KUALA LUMPUR (April 23): MSM Malaysia Holdings Bhd, the country's largest refined sugar producer, has appointed its executive director Datuk Khairil Anuar Aziz as group chief executive officer (CEO) e...
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NEW DELHI, April 23 — India’s ban on popular Chinese video app TikTok is resulting in “financial losses” of up to US$500,000 (RM2.06 million) a day for its developer, Beijing Bytedance Technol...
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KUALA LUMPUR (April 23): Palm oil giant FGV Holdings Bhd and the Malaysian pilgrims fund are considering selling plantation assets in Indonesia as the government-linked entities seek to improve their ...
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LONDON, April 23 — British state-controlled lender the Royal Bank of Scotland has doubled its funding pot to support small businesses to £6 billion (RM32.2 billion), but says the extra cash is no l...
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KUALA LUMPUR (April 22): RHB Research Institute Sdn Bhd has upgraded IOI Properties Bhd to "buy" from "neutral", with an unchanged target price of RM1.76, which offers 36% upside plus 5% yields.
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Bytedance, the parent company of short-video app TikTok, which recently got banned in India, remains “very optimistic” and plans to pump US$1 billion in its operations in the country over the next...
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KUALA LUMPUR (April 22): RHB Research Institute Sdn Bhd has upgraded IOI Properties Bhd to "buy" from "neutral", with an unchanged target price of RM1.76, which offers 36% upside plus 5% yields.
Free Malaysia Today:
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KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has provided cumulative dividend returns of RM187.1 billion to its unit holders in over 40 years since its establishment, says Prime Minister Dr Mahathir Mo...
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KUALA LUMPUR, April 21 — Permodalan Nasional Bhd (PNB) has provided cumulative dividend returns of RM187.1 billion to its unit holders in over 40 years since its establishment, says Prime Minister T...
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PETALING JAYA: Relations between Malaysia and China would have been adversely affected if the East Coast Rail Link (ECRL) project had been called off, veteran newsman A Kadir Jasin said.
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Clashes broke out between dozens of demonstrators and police in Paris on the 23rd Saturday of yellow-vest protests after authorities warned that rioters could return to the French capital to spark a n...