Wed, 24 Jul 2019, 3:55 AM
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Topic: Asia

Digital News Asia:
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MALAYSIA will be Alibaba Hong Kong Entrepreneurs Fund’s only location in Asia outside of China to host the Jumpstarter Pitching Event, which provides a platform that brings startups, entrepreneurs, ...
The Star:
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US Olympic officials are counting on cutting edge technology to help American athletes prepare for the unique challenges of Tokyo at the 2020 Games.
Malay Mail:
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PARIS, July 23 — Global trade tensions may have sapped growth for many firms, but luxury handbag maker Hermes said today it posted a double-digit rise in second quarter sales thanks in part to China...
Tech in Asia:
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Singapore-based co-living operator Hmlet has raised US$40 million in a series B round led by Burda Principal Investments.
The Edge Markets:
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(July 23): Supply-chain finance is the secret sauce behind Citigroup Inc’s mid-20% return on equity from transaction banking.
The Star:
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ZURICH: UBS on Tuesday beat forecasts with a $1.4 billion net profit for its second quarter of 2019, as gains in its advisory business softened an investment banking fall and boosted its Swiss retail and corporate banking business.
The Star:
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PARIS: Surging demand in Asia and especially mainland China helped Birkin handbag maker Hermes post better-than-expected sales growth for the second quarter, in an encouraging signal for some of its major luxury goods rivals.
Free Malaysia Today:
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KUALA LUMPUR: Khazanah Nasional Bhd has hired Morgan Stanley to explore strategic options for Malaysia Airlines Bhd, the nation’s loss-making flagship carrier, according to people familiar with the ...
The Star:
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KUALA LUMPUR: Khazanah Nasional Bhd. has hired Morgan Stanley to explore strategic options for Malaysia Airlines Bhd., the nation’s loss-making flagship carrier, according to people familiar with the matter.
The Edge Markets:
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KUALA LUMPUR/SINGAPORE (July 23): Khazanah Nasional Bhd has hired Morgan Stanley to explore strategic options for Malaysia Airlines Bhd, the nation’s loss-making flagship carrier, according to peopl...
The Star:
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SINGAPORE: Warburg Pincus-backed image recognition technology firm Trax, a startup that counts Heineken and Nestle among its clients, said it has raised $100 million in its latest funding round, becoming Singapore's second unicorn.
Malay Mail:
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TOKYO, July 23 ― Sterling was on the back foot today as investors worried Boris Johnson, the frontrunner to become the UK's next prime minister, would trigger a “hard Brexit” from the European U...
The Star:
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TOKYO: Sterling was on the back foot on Tuesday as investors worried Boris Johnson, the frontrunner to become the UK's next prime minister, would trigger a "hard Brexit" from the European Union, widely seen as a major risk for the British economy.
The Star:
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BUTTERWORTH: Ever heard of Bukit Katak (Frog Hill)? It is an abandoned quarry in Kampung Guar Petai, located about 15km north-east from Butterworth town.
The Star:
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JOHOR BARU: Fakri Raimi dreams of Malaysia one day playing in the World Cup football for amputees.
Tech in Asia:
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A swarm of monster bugs is running towards me and I’m frantically shooting at them, all while trying to ignore the fact that I’m standing right at the edge of a skyscraper.
Tech in Asia:
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Dear readers, One of the things that keeps me going at Tech in Asia is how we spotlight the startup scene.
The Edge Markets:
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(July 22): This summer, European vacationers are being brought down to earth.
The Star:
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China’s second-quarter GDP slowdown has more to do with the government’s debt crackdown than the US president’s efforts. Given China’s huge contribution to global GDP growth, any decline will adversely affect all economies.
The Edge Markets:
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KUALA LUMPUR (July 22): The FBM KLCI remained in the negative zone at the midday break today, in line with the decline at most regional markets.
e27:
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soCash, a Singapore-headquartered fintech startup that allows bank customers to perform banking services like cash withdrawal and loan applications at retails shops via a mobile app, today announced i...
Tech in Asia:
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Since Mario’s 1981 video game debut as “Jumpman” in the Nintendo cult classic Donkey Kong, the beloved plumber-hero’s character design has gone through several upgrades, thanks to advancements...
The Edge Markets:
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KUALA LUMPUR (July 22): The FBM KLCI fell 0.28% at mid-morning today, tracking regional markets, weighed by select index-linked blue chips.
The Edge Markets:
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KUALA LUMPUR (July 22): The FBM KLCI fell 0.35% in early trade this morning, tracking cautious regional markets, dragged by select blue chips.
Malay Mail:
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TOKYO, July 22 ― Asia stocks eased today as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve, while heightened Middle East tensions following an Iranian seizu...
The Star:
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TOKYO: Asia stocks eased on Monday as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve, while heightened Middle East tensions following an Iranian seizure of a British tanker lifted crude oil prices.
The Star:
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BALIK PULAU: The Federal Government will ensure that the last mangrove forest on Penang island remains protected.
The Edge Markets:
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(July 22): Stocks in Asia looked set to kick off the week on the backfoot following declines in the U.S. Friday.
The Star:
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TOKYO: A rapid deterioration in Singapore’s economic data has fuelled speculation the central bank will ease monetary policy.
Free Malaysia Today:
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This summer, European vacationers are being brought down to earth.
Malay Mail:
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SINGAPORE, July 21 — A plunge in exports and the worst growth rates for a decade have fuelled concerns about the outlook for Singapore's economy, with analysts saying the figures offer a warning tha...
The Straits Times:
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The sea was calm in Datuk Seri Anwar Ibrahim's constituency of Port Dickson but his Parti Keadilan Rakyat (PKR) was in stormy waters ahead of its weekend leadership retreat in the beach resort town.
The Straits Times:
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KUALA LUMPUR - The sea was calm in Datuk Seri Anwar Ibrahim's constituency of Port Dickson but his Parti Keadilan Rakyat (PKR) was in stormy waters ahead of its weekend leadership retreat in the beach...
The Star:
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REVIEW: With the US corporate earnings season picking up pace, the domestic equity market has had a hard time holding on to the bullish sentiment.
The Star:
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Comment by Pankaj C Kumar The airlines industry is one tough industry to be in. Whether in the US, Europe or Asia, governments have from time to time come to the rescue of their national carriers mainly due to catastrophic incidents like the Sept 11 terror strike, unsustainable business models or even simply due to a massive debt load.
Malay Mail:
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MUMBAI, July 19 — Indian conglomerate Reliance Industries today reported a 6.8 per cent rise in consolidated net profit despite a slowdown in its oil refining business.
Tech in Asia:
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SoftBank Ventures Asia, SoftBank’s Seoul-based venture capital unit, has raised a US$270 million fund for early-stage startup investments globally, with a focus on Asia, Reuters reported. The new f...
Malay Mail:
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LONDON, July 19 — European stock markets slipped back today after an initial rally, as investors cooled on comments by a top Federal Reserve official that hinted at the US central bank unveiling a d...
Tech in Asia:
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Hong Kong smartphone rental startup Tink Labs, worth over US$1 billion after a recent fundraise, is undergoing layoffs and major restructuring, multiple sources tell Tech in Asia.
The Star:
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TOKYO: Anheuser-Busch InBev NV agreed to sell its Australian operations to Asahi Group Holdings Ltd. for an enterprise value of A$16 billion ($11.3 billion), and the Belgian company said it’s still considering reviving an initial public offering of its Asian subsidiary.
theSun:
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SINGAPORE: Singapore is returning almost US$40 million (RM164 million) to Malaysia seized in connection the 1MDB scandal, police said.
The Edge Markets:
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KUALA LUMPUR (July 19): Singapore is returning to Malaysia around S$50.3 million (about RM152 million) seized in connection with 1Malaysia Development Bhd's (1MDB) massive financial scandal, AFP repor...
Free Malaysia Today:
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SINGAPORE: Singapore is returning almost US$40 million to Malaysia seized in connection with a massive financial scandal that played a major role in the toppling of the corruption-plagued government o...
The Edge Markets:
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KUALA LUMPUR (July 19): Malaysia has been ranked the third worst country in Asia for solo female travel in a research by Asher & Lyric, an independent travel blog based in Australia.
The Star:
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SINGAPORE (AFP): Singapore is returning around S$50.3mil (RM152mil) to Malaysia seized in connection with a massive financial scandal involving 1MDB, police said.
EdgeProp.my:
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KUALA LUMPUR (July 19): Malaysia has been ranked the third worst country in Asia for solo female travel in a research by Asher & Lyric, an independent travel blog based in Australia.
Tech in Asia:
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Hong Kong smartphone rental startup Tink Labs, worth over US$1 billion after a recent fundraise, is undergoing layoffs and major restructuring, multiple sources tell Tech in Asia.
The Straits Times:
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SINGAPORE (AFP) - Singapore is returning S$50.3 million to Malaysia seized in connection with a massive financial scandal that played a major role in the toppling of the corruption-plagued government ...
Malay Mail:
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SINGAPORE, July 19 — Singapore is returning almost US$40 million (RM164.4 million) to Malaysia seized in connection with a massive financial scandal that played a major role in the toppling of the c...
The Edge Markets:
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KUALA LUMPUR (July 19): The FBM KLCI climbed 0,.25% in early trade this morning, tracking the overnight advance at Wall Street, lifted by gains at select index-linked stocks.
The Star:
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SINGAPORE: South Korean bond markets are suggesting the central bank will follow up unexpected interest-rate cut with at least one more amid slowing economic growth and a simmering trade dispute with Japan.
The Edge Markets:
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(July 19): Stocks in Asia looked set to track gains in U.S. equities as dovish commentary from Federal Reserve officials saw bets on a half-point interest rate cut this month ramp up.
Malay Mail:
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HONG KONG, July 18 — Hong Kong stocks ended with more losses today, in line with a broad sell-off across Asia following a negative lead from Wall Street with energy firms hit by falling oil price Th...
The Star:
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SEOUL: South Korean bond markets are suggesting the central bank will follow up Thursday’s unexpected interest-rate cut with at least one more amid slowing economic growth and a simmering trade dispute with Japan.
The Star:
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SINGAPORE: Asia’s "Fort Knox,” a private, maximum-security vault in Singapore, is for sale.
Digital News Asia:
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Robotic Process Automation (RPA) sounds boring.
Malay Mail:
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HONG KONG, July 18 — JPMorgan's former Asia investment banking vice-chair, Catherine Leung, pleaded not guilty to charges of bribery in a Hong Kong court today.
Malay Mail:
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MANILA, July 18 — The Asian Development Bank said today developing Asia is on track to meet the lender's growth expectations for this year and next, even as trade tensions between the United States ...
The Edge Markets:
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KUALA LUMPUR (July 18): The FBM KLCI extended its losses in early trade this morning as broader market sentiment remained tepid in line with the cautious regional markets, tracking the overnight close...
The Star:
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KUALA LUMPUR: Bursa Malaysia extended its losses early Thursday, weighed down by the overnight losses on Wall Street, with Axiata weighing on the FBM KLCI.
The Edge Markets:
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(July 18): Stocks in Asia were poised to track losses seen in the U.S. session amid a flurry of corporate earnings and lingering concern over the Sino-American trade dispute.
The Star:
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STOCKHOLM: Ericsson AB posted earnings that missed analyst estimates for the first time in six quarters and warned its rollout of 5G mobile networks in Asia would weigh on profits, in a rare setback to chief executive officer Borje Ekholm’s turnaround efforts.
The Star:
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HONG KONG: BNP Paribas SA could gain a top-10 spot among prime brokers in Asia as a result of its agreement to back up and potentially assume control of the electronic trading and prime services of Deutsche Bank AG, according to Eurekahedge Pte.
Digital News Asia:
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ASIA is now the centre of global economic activity.
The Edge Markets:
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(July 17): The engine of globalisation has had a ‘torrid decade’, and the sector is facing another period of great volatility.
Malay Mail:
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FRANKFURT, July 17 — Amazon has reached a deal with Germany’s anti-trust authority to overhaul its terms of service for third-party merchants, acting to appease regulators as the European Union an...
CarSifu:
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The Battista undergoing wind tunnel testing.
Free Malaysia Today:
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SHAH ALAM: A political commentator says allowing Dr Mahathir Mohamad to continue serving as prime minister beyond two years is akin to torturing the 94-year-old veteran leader.
The Star:
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SEPANG: Pig farmers have been given two months to adhere to and fully implement biosecurity measures in their farms, says Deputy Agriculture and Agro-based Industries Minister Sim Tze Tzin.
Malay Mail:
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NEW YORK, July 17 — Emerging-market shares fell today as worries over the US-China trade conflict resurfaced.
The Star:
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INTERNATIONAL market research firm Statista is on a search for the fastest-growing companies in Malaysia.
Tech in Asia:
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Singapore-based business travel platform Travelstop has raised US$3 million in a pre-series A round led by Silicon Valley venture capital firm Accel Partners.
The Edge Markets:
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KUALA LUMPUR (July 17): The FBM KLCI trended lower in early this morning, tracking regional markets and dragged by index-linked Tenaga Nasional Bhd, Press Metal Aluminium Holdings Bhd and IHH Healthca...
Malay Mail:
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PARIS, July 17 — France's finance minister said yesterday the post-war international monetary order needed to be reinvented or become increasingly dominated by China.
Digital News Asia:
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LOGICALIS Malaysia officially launched its new headquarters based out of Sunway Velocity in Kuala Lumpur.
The Edge Markets:
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OSLO (July 16): Telenor ASA shares fell the most in over a year after the biggest phone carrier in the Nordic region cut its full-year outlook, as it struggles amid increased competition in key market...
Malay Mail:
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LONDON, July 16 — London’s main stock index gained today, helped by a surge in Burberry after its first-quarter update showed new designs were boosting sales.
The Edge Markets:
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AFTER a false start, Star Media Group Bhd is finally getting a CEO — Andreas Vogiatzakis, who is not from the newsroom but is a prominent veteran in the advertising industry.
Tech in Asia:
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Alibaba Group Holding’s shareholders overwhelmingly approved a 1-to-8 split of the company’s US-listed stock, a move the company has said would give it greater flexibility for raising capital, inc...
The Star:
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KUALA LUMPUR: The ringgit opened slightly lower against the US dollar this morning on concerns over slowing global growth and weaker oil prices.
The Star:
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KUALA LUMPUR: Shares in George Kent M) Bhd rose 2.5% in early trade Tuesday after the company secure a license by Honeywell International Inc to manufacture water meter components.
The Star:
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SINGAPORE: Singapore Exchange’s (SGX) regulatory unit is proposing imposing price limits for daily stock auctions to prevent incidents such as the US$41bil flash crash in January that briefly roiled shares in conglomerate Jardine Matheson.
The Star:
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NEW YORK: Citigroup Inc topped expectations for quarterly profit on Monday as a tight lid on costs and strength in consumer lending helped the third-largest U.S. bank counter weakness in its trading business.
Channel NewsAsia:
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HONG KONG: Seventy-five per cent of globally exported waste ends up in Asia.
The Edge Markets:
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KUALA LUMPUR (July 15): George Kent (Malaysia) Bhd has been granted a licence by US technology and manufacturing company Honeywell International Inc to manufacture high-precision water meter measuring...
The Star:
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Ann Hand, the CEO of Super League, says China is the place to be if companies want to tap the potential of the fast growing eSports market.
The Edge Markets:
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THE Hong Leong group appears to be keen on venturing into the healthcare sector — it has teamed up with private equity firm TPG to bid for Columbia Asia group’s hospital business in Asia, sources ...
The Star:
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SEOUL: Samsung Electronics Co. has managed to secure an emergency supply of key materials to sustain its chip-making operations for the time being, averting short-term disruption from a Japanese ban of critical semiconductor and display components.
e27:
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As Taiwan continues to bolster its reputation of being a tech juggernaut not only in Asia, but across the world, Taiwan’s Startup Terrace launched the Startup Terrace International Cooperation Cerem...
Malay Mail:
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SYDNEY, July 16 — The dollar stayed on the defensive today, pinned down by expectations of a Federal Reserve rate cut this month, as traders in Asia waited for the latest update on the health of the...
Malay Mail:
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SINGAPORE, July 15 — Growth in export-reliant Singapore suffered a surprise sharp contraction in the second quarter, official data showed Friday, sending a stark warning that US-China trade tensions...
Channel NewsAsia:
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KUALA LUMPUR: The sun climbed higher as the clock ticked towards noon, shining mercilessly on those who were forming a long line outside a shop at the business district of SS15, Subang Jaya.
The Star:
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REVIEW: At press time, the world’s equity markets appear consoled that the US Federal Reserve is likely to implement a policy rate cut as early as July 31, and confidence is rising.
kopiandproperty.com:
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Actually, I would love to know which is Malaysia’s most expensive property ever transacted.
The Borneo Post:
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Team Secret is a world-renowned professional eSports pro-gaming team and currently ranked the number one Dota 2 team in the world.
The Edge Markets:
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KUALA LUMPUR (July 12): Maxis Bhd has taken steps to explore the eSports segment as the telecommunication company (telco) believes there is a huge business potential that revolves around it.
The Star:
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SINGAPORE: Singapore's economy grew at its slowest annual pace in a decade in the second quarter, preliminary second-quarter growth data showed on Friday, raising bets that a technical recession and monetary policy easing could be just around the corner.
The Star:
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HONG KONG: For years, Hong Kong was a hotspot with plum jobs for overseas bankers as global firms hired aggressively. But many recently laid-off bankers in the city are finding that cost-cutting and a demand for Mandarin speakers have diminished the opportunities for expats in Asia’s financial hub.
Malaysiakini:
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Singapore has cautioned wealth managers against aggressively marketing their services or making other efforts to woo clients to the city-state by capitalising on rival Hong Kong's political turmoil, p...
The Star:
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SINGAPORE/HONG KONG: Singapore has cautioned wealth managers against aggressively marketing their services or making other efforts to woo clients to the city state by capitalising on rival Hong Kong's political turmoil, people with knowledge of the matter said.