The Malaysian Pulse
Beat of the Nation
Mon, 23 Sep 2019, 10:49 AM
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Topic: Asia

The Star:
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Foodtech raises funds to expand corporate offerings
FOOD delivery unit SmartBite has raised over RM418,000 via a successful equity crowdfunding campaign, bringing its total investment amount to over RM2.93mil.
The Edge Markets:
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Yuan Gains With U.S. Stock Futures on Trade Talks
(Sept 23): The yuan climbed along with U.S. equity futures as investors monitored signs of progress in trade discussions between America and China.
The Star:
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FoundPac expects strong growth
GEORGE TOWN: FoundPac Group Bhd expects its first-half performance for the financial year ending June 30,2020 (FY20) to improve by a double-digit percentage...
The Borneo Post:
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Curtin among world’s top 300 varsities
Curtin’s achievement in the Times Higher Education World University Rankings augments its recent achievements in other global rankings.
The Star:
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UBS won't pass negative interest rates to small savers
ZURICH: UBS has no plans to pass on negative central bank interest rates to small savers but would introduce cost saving measures to deal with market conditions, the...
The Star:
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Saudi Arabia tells Japan's biggest refiner about possible shipment change
BENGALURU: Saudi state oil firm Aramco has told Japanese refiner JXTG Nippon Oil & Energy about a possible change in shipment, raising concern about the...
Malay Mail:
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Saudi Arabia tells Japan's biggest refiner about possible shipment change, reports Nikkei
TOKYO, Sept 22 — Saudi state oil firm Aramco has told Japanese refiner JXTG Nippon Oil & Energy about a possible change in shipment, raising concern about the kingdom's ability to supply crude oil a...
The Star:
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Hong Kong tycoon in the spotlight
Li Ka-Shing has come under fire for his remarks on violent anti-government protests in the Special Administrative Region.
Free Malaysia Today:
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Budget 2020 should lead in making shared prosperity a reality
On Sept 19, in the midst of the worsening haze condition, Universiti Malaya became the venue of a public forum organised by IDEAS on the upcoming budget and how it can help realise “shared prosperit...
Malaysiakini:
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Farid, the reluctant politician who wanted to learn Chinese
OBITUARY | During the 14th general election, I was tasked as a journalist to cover Johor, a key battlefront state between BN and Pakatan Harapan.
Malaysiakini:
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What's our definition of 'terrorist ideologies'?
ADUN SPEAKS | Inspector-General of Police Abdul Hamid Bador's latest comment that "no one will be spared from police action if found spreading terrorist ideologies", is something that no Malaysian wil...
The Edge Markets:
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ExecuJet to relocate to larger facility within Sultan Abdul Aziz Shah Airport
SUBANG JAYA (Sept 20): ExecuJet MRO Services Malaysia (ExecuJet MRO), a business jet maintenance facility, is planning to build and relocate to a larger operation facility of about 100,000 sq ft to 15...
Tech in Asia:
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Dyson to hire over 2,000 people in Southeast Asia after moving HQ to Singapore
British household appliance maker Dyson is looking to hire upwards of 2,000 people across Singapore, Malaysia, and the Philippines, Dyson global head of talent acquisition Jon-Paul Pritchard told Bloo...
Malay Mail:
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Under-pressure India govt slashes corporate taxes
MUMBAI, Sept 20 — India slashed corporate taxes today to among the lowest in Asia as part of its drive to kickstart the stuttering economy, sending stock surging as analysts predicted a renewal of i...
Tech in Asia:
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Calling for startups – give your best pitch at Tech in Asia’s Pitch Night!
Sponsored by      Dear Founders, We had a great inaugural Pitch Night in July where 8 startups gave their pitches and media coverage was awarded to the winner.
Tech in Asia:
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Pick up growth tactics from the leaders of AWS, Udemy, and JustCo at TIA Conference’s Main Stage
In less than a month, the Tech in Asia Conference will be happening at the Jakarta Convention Center, on October 8 & 9.  Already topping the speakers list are Aadi Vaidya (COO of Zilingo), Rohit Sip...
Tech in Asia:
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How Amazon could make its move in Indonesia
Amazon is doing pretty well in India and Japan, it’s plodding along in Singapore, and it’s toast in China.
The Star:
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India slashes corporate tax rate for local companies
NEW DELHI: India cut tax on local businesses to one of the lowest rates in Asia, while providing a more than $20 billion boost to revive economic growth from a six-year...
The Star:
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KL Kepong under pressure as investors stay cautious
KUALA LUMPUR: KL Kepong fell the most in early Friday trade on continued selling pressure on the plantation counter while investors stayed cautious in the absence of...
Digital News Asia:
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Budding data scientists to brainstorm smart city solutions at Urbanlytics 2019
In collaboration with Cities 4.0 and Asia School of Business, Axiata Group Bhd announced that over 200 participants will battle it out in Urbanlytics 2019, a datathon for Smart Cities running over the...
The Edge Markets:
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Asia Stocks Set to Edge Higher; Bond Yields Drift
(Sept 20): Asia stocks looked set for muted gains after a lackluster session for U.S. shares.
Tech in Asia:
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Singapore AI startup Advance.ai banks $80m in series C round
Singapore-based AI and big data firm Advance.ai raised US$80 million in a series C round led by private equity investor Pavilion Capital and Chinese venture capital firm Banyan Capital.
Malay Mail:
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France urges Germany to act on economy sooner rather later
PARIS, Sept 19 — Germany should act sooner rather than later to revive its flagging economy, France’s finance minister said today, as he struggled to hide frustration with the pace of Berlin’s e...
The Edge Markets:
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Malaysian financial assets up 5% in 2018, bucking global trend — Allianz
KUALA LUMPUR (Sept 19): The gross financial assets of Malaysian households rose five percent last year, bucking the global trend, according to the latest Allianz's Global Wealth Report.
Malay Mail:
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Malaysian financial assets up 5pc in 2018, bucking global trend, says Allianz
KUALA LUMPUR, Sept 19 — The gross financial assets of Malaysian households rose five per cent last year, bucking the global trend, according to the latest Allianz’s Global Wealth Report.
Tech in Asia:
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99.co appoints former Lamudi exec as Indonesia head
Singapore-headquartered property marketplace 99.co has announced two key appointments to lead its Indonesia operations and product initiatives.
The Star:
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Axiata to support Malaysia'a aspiration to become a data hub
KUALA LUMPUR: Axiata Group Bhd is ready to support the government's aspiration to become a data hub for artificial intelligence and big data analytics by developing...
Tech in Asia:
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Pitch your ideas to these 7 investors at Tech in Asia Conference
Funding opportunities are hard to come by, and we understand the challenges that come with finding potential investors.
Tech in Asia:
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Vertex closes fourth Southeast Asia fund at $305m
Vertex Ventures Southeast Asia and India announced the final close of its fourth fund at US$305 million, following the first close in May, which reached US$230 million.
Tech in Asia:
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Ovo is current e-wallet leader in Indonesia, according to central bank data
Ovo is Indonesia’s top digital payment system based on transaction values, public data shows.
The Star:
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Thai chicken sales to China rocket as African swine fever triggers switch away from pork
BANGKOK: Thai poultry exports to China have surged eight-fold this year as an outbreak of deadly African swine fever in the world’s biggest consumer of pork stokes a...
The Star:
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Airbus revises up jetliner demand forecast
LONDON: Airbus has revised up forecasts for jetliner demand over the next 20 years, led by growth in the new industrial hubs of Asia despite short-term concerns over...
The Edge Markets:
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Asia Stocks to Start Mixed; Dollar Climbs on Fed
(Sept 19): Stocks in Asia looked set for a mixed start as Federal Reserve policy makers cast doubt on the need for further easing.
PaulTan.org:
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Proton 1-Tank Adventure drivers complete 650 km route – best Iriz and Saga breached 20 km/l mark
The Proton 1-Tank Adventure 2019 kicked off with the opening preliminary round over the recent Malaysia Day weekend.
Tech in Asia:
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After 3 straight profitable years, Transferwise eyes Asia expansion
International money transfer startup TransferWise reported a revenue jump of 53% to £179 million (US$223 million) for the financial year ended March 2019, amid the growing wave of digital-led banks t...
Malay Mail:
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Airbus ups estimate of 20-year demand for new planes
PARIS, Sept 18 — Airbus today increased its estimate of the number of new aircraft needed over the coming two decades as airlines seek more fuel-efficient planes even as it trimmed its forecast for...
The Edge Markets:
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MNC Wireless diversifies into film-making industry
KUALA LUMPUR (Sept 18): MNC Wireless Bhd, which saw tycoon T Ananda Krishnan's nephew Robbie Hari Krishnan Tatparanandam join the board of directors last week, has teamed up with New Zealand-based pro...
Tech in Asia:
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After 3 straight profitable years, Transferwise eyes Asia expansion
International money transfer startup TransferWise reported a revenue jump of 53% to £179 million (US$223 million) for the financial year ended March 2019, amid the growing wave of digital-led banks t...
The Edge Markets:
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Genting's Baa1 rating reflects its excellent consolidated liquidity, says Moody...
KUALA LUMPUR (Sept 18): Moody's Investors Service has completed a periodic review of the ratings of Genting Bhd with a rating of Baa1. Genting's Baa1 rating reflects its excellent consolidated liquidi...
AsiaOne:
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Mahathir son 'in no rush' to join Malaysia's federal government
Malaysian political commentators say Mukhriz Mahathir has a good chance of rapidly climbing the country's political ladder by sheer virtue of his pedigree - his 94-year-old father is the prime ministe...
The Star:
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Oil extends drop as Saudi output restoration calms market fears
SINGAPORE: Oil extended its pullback, after a dizzying start to the week, on signs Saudi Arabia is restoring production following a debilitating weekend attack on...
The Star:
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Pullback in oil prices dents oil and gas stocks
KUALA LUMPUR: Petronas Dagangan and Petronas Chemicals saw most of their previous day’s gains evaporate early Wednesday after Saudi Arabia reported...
The Star:
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Japan's exports fall for ninth straight month as global demand falters
TOKYO: Japan's exports slipped for a ninth straight month in August as international trade tensions ramped up risks for the world's third-largest economy, although the...
The Edge Markets:
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Japan's exports fall for 9th straight month as global demand falters
TOKYO (Sept 18): Japan's exports slipped for a ninth straight month in August as international trade tensions ramped up risks for the world's third-largest economy, although the decline was slightly s...
The Edge Markets:
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Asia Stock Futures Rise; Treasuries Advance
(Sept 18): Stocks in Asia looked set for modest gains as investors awaited the outcome of the Federal Reserve’s policy meeting, where it’s widely expected to cut interest rates again.
Malay Mail:
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Sources: Saudi Aramco says to meet oil commitment to Asian refiners, some changes
NEW DELHI, Sept 18 — Saudi Aramco has informed at least six refiners in Asia that it will supply full allocated volumes of crude oil in October following attacks on Saudi oil facilities on the weeke...
Digital News Asia:
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Asia Pacific pushes ahead with 5G
DEBATES are currently ongoing regarding the state of 5G technology in some countries throughout the world, yet the Asia Pacific region seems to be moving ahead with its rollout.
Channel NewsAsia:
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Indonesia 'doing everything' to put out forest fires: President Widodo
PEKANBARU: Indonesia is battling forest fires causing toxic haze across southeast Asia with aircraft, artificial rain and even prayer, President Joko Widodo said during a visit to a hard-hit area on ...
Malay Mail:
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Malaysia fell off the pace over the past two decades due to corruption, forum told
KUALA LUMPUR, Sept 17 — Malaysia could have been far more progressive in the last 20 years with potential to compete with technologically-advanced Japan, had it not been forced to tackle numerous co...
Channel NewsAsia:
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Indonesia 'doing everything' to put out forest fires: President Widodo
PEKANBARU: Indonesia is battling forest fires causing toxic haze across southeast Asia with aircraft, artificial rain and even prayer, President Joko Widodo said during a visit to a hard-hit area on ...
Malay Mail:
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Oil sheds gains, stocks inch lower as focus turns to Fed
LONDON, Sept 17 — Oil shed some of its massive gains today as the United States flagged the possible release of crude reserves, while stocks inched lower as investors remained on the sidelines ahead...
Digital News Asia:
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Telco Deep Dive 2019: Did fear kill Axiata, Telenor merger bid?
So, we’ve been told that the proposed mega-merger between Malaysia’s Asia champion, Axiata Group Bhd (Axiata) and Norway’s Telenor Group’s Asian operations have been called off due to “some ...
The Edge Markets:
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Coffee Break: The odds of getting a soul mate and longevity
Malaysia’s two famous nonagenarians are poised to live past 100 and 103, according to the Department of Statistics Malaysia’s  (DoSM) “Fun with Statistics” calculator, if one were to enter th...
Malay Mail:
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Order checks for Apple's new iPhone bode well, say analysts
NEW YORK, Sept 17 — Pre-orders for Apple Inc's latest iPhones have gotten off to a better start than the last cycle a year ago, several Wall Street analysts said yesterday, citing their own research...
Malay Mail:
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Oil trims gains but Middle East risks keep Asian stocks on back foot
TOKYO, Sept 17 — Oil futures shed some of their massive gains today as the United States flagged the possible release of crude reserves, but the threat of military action over the attacks on Saudi o...
The Star:
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H&M sales grow for sixth quarter
GENEVA: Hennes & Mauritz AB’s sales gained for a sixth consecutive quarter as the Swedish retailer tries to reduce a buildup of inventory and end a three-year slump in...
The Star:
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Osram to investors: Accept AMS offer
VIENNA: German lighting group Osram has advised its shareholders to accept a €4.3bil takeover bid from AMS and sell their shares to the Austrian sensor specialist...
Malay Mail:
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Demand for US crude surges after attack on Saudi facilities
NEW YORK, Sept 17 — US crude export demand at the Gulf Coast surged yesterday, traders said, as the window to export crude profitably to Asia and Europe was thrown open after attacks on Saudi Arabia...
The Star:
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Oil-price shock couldn’t come at worse time for world economy
Hong Kong: The record oil-price surge after a strike on a Saudi Arabian oil facility couldn’t come at a worse time for a world economy already in the grip of a deepening...
The Star:
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Osram advises investors to accept US$4.8bil offer from AMS
VIENNA: German lighting group Osram advised its shareholders on Monday to accept a 4.3 billion euro ($4.8 billion) takeover bid from AMS and sell their shares to...
The Star:
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Here’s how Asian Governments are reacting to the Aramco attack
The massive drone strike on the world’s largest crude-processing facility operated by Saudi Arabia’s Aramco has global ramifications, particularly for countries in Asia.
The Star:
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Marriot International sees huge untapped potential in Malaysia's tourism industry
KUALA LUMPUR: Marriott International, the United States-based multinational diversified hospitality company that manages and franchises a broad portfolio...
Tech in Asia:
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Rising startups on Tech In Asia: fintech firms are growing fast
Which are the startups that are on the path to becoming the next big thing?
Tech in Asia:
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China’s Smart Fabric banks $100m in round led by Tencent, Sequoia China
China’s Smart Fabric, which develops a service-as-a-system cloud enterprise resource system for the textile industry, has raised US$100 million in a series C round led by Tencent and Sequoia Capital...
Tech in Asia:
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Chope wants to be the ‘Netflix’ of the restaurant industry, and here’s how it plans to do it
It may be a “classic” startup move to experiment on new products and models, not knowing if they will work, as Chope CEO Arrif Ziaudeen puts it.
Tech in Asia:
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Commentaries: Gojek is going big or going home 💥
Dear Readers, I had a great dinner with a couple of founders last week.
Malay Mail:
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Marriott International sees huge untapped potential in Malaysia’s tourism industry
KUALA LUMPUR, Sept 16 — Marriott International, the United States-based multinational diversified hospitality company that manages and franchises a broad portfolio of hotels and related lodging faci...
The Edge Markets:
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Tony Fernandes : Ringgit to strengthen as crude oil prices soar
KUALA LUMPUR (Sept 16): AirAsia Group Bhd group chief executive officer Tan Sri Tony Fernandes said today the ringgit should strengthen with the rise in crude oil prices after an attack on Saudi Arabi...
The Star:
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Aeon transforming with the times
KUALA LUMPUR: Recognising that Asia is set to become a global economy centre, Aeon is transforming itself to move with the times, says Aeon Japan vice-president...
Malay Mail:
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US dollar falls as oil attacks send investors to safety
SINGAPORE, Sept 16 — The US dollar fell while safe-havens and currencies of oil producing countries rallied today, following an attack on Saudi Arabian refining facilities that disrupted global oil ...
The Star:
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New funding round boosts Thai fashion startup
OMNICHANNEL fashion company Pomelo has secured US$52mil (RM216mil) in funding from a group of investors, making it the first Thai startup to raise a Series...
The Star:
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India plans US$7bil of export stimulus to revive economy
NEW DELHI: India unveiled new measures involving a more than US$7bil boost to exporters and housing projects, as part of efforts to revive a flagging economy.
The Star:
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The Week That Was: A new age for Alibaba
It is the end of an era for Chinese tech giant Alibaba Group as its co-founder and chairman, Jack Ma, stepped down on Sept 10.
Malay Mail:
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Oil surges, stock futures slip after attack on Saudi facility
SYDNEY, Sept 16 — Oil prices surged to six-month highs today while Wall Street futures turned lower and safe haven bets returned after weekend attacks on Saudi Arabia's crude facilities knocked out ...
EdgeProp.my:
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Citizen Setia members enjoy a night of Cantopop feast with Andy Lau
BUKIT JALIL (Sept 14): After 14-year hiatus, the Heavenly King Andy Lau is back in Malaysia to celebrate mid-autumn festival with his fans with a three- hour non-stop mega show of songs and dance.
Malay Mail:
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Attacks on Saudi facilities threaten spare oil capacity, price hikes
HOUSTON, Sept 15 — Yesterday’s attacks on key Saudi Arabia processing plants will test the world’s ability to handle a supply crisis as it faces the temporary loss of more than 5% of global supp...
The Star:
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India plans US$7b of export stimulus to revive economy
NEW DELHI: India unveiled new measures involving a more than $7 billion boost to exporters and housing projects, as part of efforts to revive a flagging economy.
The Star:
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Pulse on freight signals US economic contraction by year-end
ONE vital sign of the American economy is pointing toward growth turning negative by the end of the year.
The Star:
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Hong Leong, TPG buy Columbia hospitals in three countries
Hong Leong Group (HL) and private equity firm TPG have won the bid to acquire Columbia Asia Hospitals in South-East Asia.
The Star:
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Swine Fever: Sabahans cautioned against smuggling pork
KOTA KINABALU: Sabah is taking extra precautions against African Swine Fever (ASF) spreading to the state amid reports the virus has been detected in neighbouring...
Malaysiakini:
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Pope Francis to visit Thailand, Japan in November
Pope Francis will visit Asia in November and will be the first pope in nearly four decades to make a trip to Thailand and Japan, Vatican sources said.
Tech in Asia:
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CryptoKitties parent firm bags $11m, partners Taiwan’s AppWorks
Canada-based Dapper Labs, the company behind viral blockchain game CryptoKitties, has announced its US$11 million fundraise and the release of Flow, a new blockchain for decentralized apps in gaming,...
Malay Mail:
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Learning from a half-century of economic development in Asia — Deepak Nayyar
SEPTEMBER 13 — In 1968 renowned economist Gunnar Mydral published Asian Drama: An Inquiry into the Poverty of Nations, a highly pessimistic work on Asia’s development prospects.
theSun:
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Studies show Malaysian youths tolerant
KUALA LUMPUR: Just mention the names of people like badminton legend Datuk Lee Chong Wei, United Kingdom-based trainee surgeon Dr Nur Amalina Che Bakri and Asia’s Got Talent Season 3 runner-up Yaash...
PaulTan.org:
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Dynamo Lubricants launched – Malaysian-made oils and lubricants for automotive and industrial use
There’s a new lubricants player in town and it’s Dynamo Lubricants.
Tech in Asia:
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What’s brewing at Tech in Asia
This article is an excerpt from an episode of Startup Snapshot, a Tech in Asia podcast that features the leaders and innovators in the Asian startup scene, and discusses the highs and lows of their fo...
The Star:
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London selfie shop lets Instagram generation strike a pose
Posing in a bath of pink balls or throwing up handfuls of multicoloured confetti, teenagers and 20-somethings snap away at a purpose-built London mini-studio for social...
Malaysiakini:
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Studies show M’sian youths tolerant
Just mention the names of people like badminton legend Lee Chong Wei, United Kingdom-based trainee surgeon Dr Nur Amalina Che Bakri and Asia’s Got Talent Season 3 runner-up Yaashwin Sarawanan (bette...
Malay Mail:
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Trade optimism pressures yen but caution prevails ahead of Fed, BOJ
TOKYO, Sept 13 — The yen was pinned near a six-week low versus the dollar as signs the United States and China were narrowing their differences over trade ahead of key talks decreased demand for saf...
The Star:
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Unsolicited US$36.6bil LSE bid kicked off by surprise visit
LONDON: London Stock Exchange Group Plc (LSE) chief executive officer David Schwimmer had a visit on Monday from an unexpected guest: Hong Kong Exchanges & Clearing Ltd (HKEX) CEO Charles Li.
The Star:
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Yahoo Japan nears deal for majority stake in Zozo
TOKYO: Yahoo Japan Corp has agreed to pay as much as US$3.7bil to take control of flamboyant entrepreneur Yusaku Maezawa’s Zozo Inc, stepping up competition against Amazon.com Inc and Rakuten Inc in one of Asia’s largest online retail arenas.
The Star:
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Iron ore glory days seen numbered as China demand rolls over
SINGAPORE: Iron ore faces a long, slow slide over the coming half-decade.
The Star:
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From Death Stranding to Olympic Mario at Tokyo Game Show
Gamers got a sneak peek on Sept 12 at everything from the hyper-realistic, much anticipated Death Stranding to an Olympic-themed Mario edition at this year's Tokyo...
The Star:
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This week's new game picks: Borderlands 3, PES 2020, Gears 5, GreedFall, Unrailed
Borderlands 3 takes players back to a galaxy of bandits, alien vaults, wild villains, and a gajillion guns, while eFootball PES 2020 rebrands itself and takes on FIFA 20...
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Asia Stock Futures Edge Higher; Treasuries Slip
(Sept 13): Stocks in Asia were primed for modest gains Friday after trade optimism continued to grow and the European Central Bank introduced a fresh round of stimulus.
The Edge Markets:
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Malaysia to woo Kawasaki, Mitsubishi to set up aerospace entrepreneurship hub
KUALA LUMPUR (Sept 12): The Ministry of Entrepreneur Development (MED) is exploring the possibility of bringing Japan’s Kawasaki Heavy Industries Ltd and Mitsubishi Heavy Industries Ltd into Malaysi...
The Borneo Post:
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Curtin Malaysia, SM Pei Min sign MoU to enhance collaboration
Giridharan (secont left) and Wong (second right) exchange the MoU in the presence of Leong (left) and Liau.
Malay Mail:
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LSE board poised to decide fate of Hong Kong exchange’s US$39b offer
LONDON, Sept 12 — The London Stock Exchange’s board will meet in coming days to make a decision on the Hong Kong bourse’s surprise US$39 billion (RM162.5 billion) takeover proposal, a source clo...
Malay Mail:
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Malaysia to woo Kawasaki, Mitsubishi to set up aerospace entrepreneurship hub, says minister
KUALA LUMPUR, Sept 12 — The Ministry of Entrepreneur Development (MED) is exploring the possibility of bringing Japan’s Kawasaki Heavy Industries Ltd and Mitsubishi Heavy Industries Ltd into Malay...
Malay Mail:
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From ‘Death Stranding’ to Olympic Mario at Tokyo Game Show
TOKYO, Sept 12 — Gamers got a sneak peek today at everything from the hyper-realistic, much anticipated Death Stranding to an Olympic-themed Mario edition at this year’s Tokyo Game Show.
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