The Malaysian Pulse
Beat of the Nation
Sat, 21 Sep 2019, 2:57 PM
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Topic: Asia Pacific

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Stable labour market
The labour market in Malaysia remains healthy.
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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...
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Malaysia a step closer to going cashless, says Visa
KUALA LUMPUR (Sept 20): Digital payments are becoming the preferred payment method in Malaysia, with 70% of consumers preferring to visit merchant sites that accept digital payments compared to those ...
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Khazanah divests stake in Indonesia toll concession to Canada pension fund
KUALA LUMPUR (Sept 19): Khazanah Nasional Bhd is divesting its entire 55% stake in PT Lintas Marga Sedaya (LMS), the concession holder and operator of Indonesia’s Cikopo-Palimanan (Cipali) toll road...
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The state of the super-app race in Southeast Asia
A new report by advisory firm ABI Research is putting Grab ahead of Gojek by a wide margin in Southeast Asia’s ride-hailing race.
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AIA Indonesia joins Gojek’s series F round
Indonesian tech titan Gojek received an undisclosed amount of investment from local life insurance company AIA Indonesia as part of its ongoing series F round.
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GIACC: War against graft has started to bear fruit
KUALA LUMPUR: Malaysia’s political will to fight corruption has started to bear fruit, says the National Centre for Governance, Integrity and Anti-Corruption (GIACC).
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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.
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Oil price hike good for Malaysia, say analysts
KUALA LUMPUR: Malaysia is one of the few Asian countries that will benefit from the spike in oil prices in the aftermath of the attack on Saudi Arabia’s petroleum facilities that knocked out more th...
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Malaysia to benefit from oil price hike: Analysts
Malaysia is one of the few Asian countries that will benefit from the spike in oil prices in the aftermath of the attack on Saudi Arabia's petroleum facilities that knocked out more than five percent ...
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Malaysia to benefit from oil price hike, say analysts
KUALA LUMPUR, Sept 17 — Malaysia is one of the few Asian countries that will benefit from the spike in oil prices in the aftermath of the attack on Saudi Arabia’s petroleum facilities that knocked...
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Integrity chief: Malaysia’s war on corruption is coming together
KUALA LUMPUR: Malaysia's political will to fight corruption to the core has started bearing fruit, says the nation’s former anti-graft chief.
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Ringgit opens slightly lower against US dollar
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar on Tuesday in line with regional markets as investors continued to reassess their risk...
Malay Mail:
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Ringgit slightly lower against US dollar at opening
KUALA LUMPUR, Sept 17 — The ringgit opened slightly lower against the US dollar today in line with regional markets as investors continued to reassess their risk parameters following the weekend's e...
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Chinese dairy giant Mengniu eyes takeover of Australia’s Bellamy’s
BEIJING, Sept 16 — Chinese dairy company Mengniu announced today it had made a takeover offer for Australian infant formula producer Bellamy’s in a deal valued at around US$1 billion (RM4.1 billio...
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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...
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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...
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PetChem completes acquisition of Da Vinci Group
KUALA LUMPUR: Petronas Chemicals Group Bhd has completed the acquisition of Da Vinci Group BV after fulfilling the conditions required in the share purchase agreement to complete the acquisition of 100% of the share in Da Vinci.
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CIMB Group announces new appointments in top management
KUALA LUMPUR (Sept 13): CIMB Group Holdings Bhd announced today that CIMB Islamic Bank Bhd CEO and Group Islamic Banking CEO Rafe Haneef will be made Group Transaction Banking CEO effective Oct 1.
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AB InBev revives plans for US$5b Hong Kong IPO, says report
HONG KONG, Sept 13 — The brewing giant behind brands like Stella Artois and Budweiser has revived plans to raise US$5 billion through an IPO in Hong Kong, resurrecting a proposal that was scuppered ...
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PetChem completes acquisition of Da Vinci Group
KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) has completed the acquisition of Da Vinci Group BV after fulfilling the conditions required in the...
Free Malaysia Today:
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RCEP likely to be signed next year, says Leiking
KUALA LUMPUR: International Trade and Industry Minister Darell Leiking says the Regional Comprehensive Economic Partnership (RCEP) will likely be signed by next year.
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Moody’s: NFPE debt constrains fiscal strength
PETALING JAYA: Debt is still an issue plaguing the nation. Malaysia’s debt of non-financial public entities (NFPEs) is estimated to be the highest in the Asia Pacific excluding China (APAC).
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Bank Negara maintains OPR
PETALING JAYA: Malaysia has once again resisted an interest rate cut on the back of a resilient economy, even as key central banks in Asia Pacific have been slashing their benchmark rates recently.
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Young Malaysians: Stop blaming and do something
KUALA LUMPUR: With the haze expected to get even worse, governments should stop playing the blame game and do something concrete about the annual scourge, say...
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Hannah Yeoh urges youths to be champions of societal change
KUALA LUMPUR: Hannah Yeoh has urged youths to be champions of societal change through creative thinking in tackling social issues.
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Pakistan, Sri Lanka most exposed to shocks, Moody's says
KUALA LUMPUR: Pakistan (B3 negative) and Sri Lanka (B2 stable) are among the economies which are particularly exposed to a shock due to tighter financing...
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Sarawak Petchem plant to be on stream in 2023
BINTULU: The Sarawak Petchem Sdn Bhd-owned mega methanol plant project here is expected to come on stream in 2023.
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China scraps foreign investment limit in stock, bond markets
BEIJING: China removed one more hurdle for foreign investment into its capital markets almost 20 years after it first allowed access.
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IMF: Surging trade uncertainties about 10 times previous peaks
HONG KONG: Concerns about global trade have reached nearly 10 times the peaks seen in previous decades and could shave about 0.75 percentage point off world economic growth this year, according to data compiled by the International Monetary Fund (IMF).
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Hartalega’s sales volume to pick up in second half
PETALING JAYA: Glovemaker Hartalega Holdings Bhd is cautiously optimistic about being a beneficiary of the ongoing US-China trade war, even as China glove...
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Klook to double workforce by 2020 to drive global growth
Travel booking platform Klook is looking to grow its 1,200-person workforce to over 2,500 in more than 30 offices by 2020 in a bid to bolster its international presence across Asia Pacific and Europe.
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Hartalega upbeat on US market despite trade tensions
KUALA LUMPUR, Sept 10 — The world’s largest synthetic glove manufacturer, Hartalega Holdings Bhd, is optimistic that the US will remain its biggest export market despite ongoing trade tensions.
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Hartalega upbeat on US market despite trade tensions
KUALA LUMPUR: The world’s largest synthetic glove manufacturer, Hartalega Holdings Bhd, is optimistic that the US will remain its biggest export market despite...
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Fitch says trade policy disruption is ‘darkening’ global economic outlook
NEW YORK, Sept 10 — The escalation in the ongoing US-China trade war and the prospect of a no-deal Brexit are among trade policy disruptions that are “darkening” the global economic outlook, Fit...
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Wirecard and Affin Bank expand collaboration
WIRECARD, and Affin Bank Bhd on Sept 9 announced an extension of their collaboration focused on revolutionising internet banking for consumers in Malaysia.
Malay Mail:
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As election nears, Singapore may raise spending to ease economic pain
SINGAPORE, Sept 6 — Singapore is expected to roll out a generous budget ahead of an election as the ruling party seeks to appease voters who are feeling the pinch from a sharp economic downturn, ana...
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Strong exports data lifts ringgit in early trading
KUALA LUMPUR: The ringgit was higher against the US dollar in the early trading today as market sentiment for the local note was lifted by the country's strong exports...
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Temasek-backed Reefknot Investments launches $50m fund for logistics firms
Reefknot Investments, a Singapore-based joint venture between Temasek and Swiss logistics firm Kuehne and Nagel, has launched a US$50 million global fund for tech companies in supply chain and logisti...
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Kredivo closes up to US$20mil credit line to fuel Indonesian expansion
JAKARTA-headquartered Kredivo, the leading digital credit platform for retail borrowers across Indonesia, and Partners for Growth V, LP (PFG), a leading venture debt firm in the US and Australia, anno...
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Global semicon sales down 15.5% in July at US$33.4b
KUALA LUMPUR: The US-based Semiconductor Industry Association (SIA) reported worldwide sales of semiconductors fell by 15.5% to US$33.4bil in July 2019...
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Dentsu Aegis Network partners Spotify to launch The Audio Stack in Malaysia
AMPLIFI, Dentsu Aegis Network Malaysia’s media investment arm on Sept 3 announced a collaboration with Spotify, launching a new platform-agnostic planning tool called The Audio Stack, into Malaysia...
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Visit M'sia 2020 targets scaled down after 2014 triple plane tragedies
KUALA LUMPUR: The Visit Malaysia 2020 (VM2020) target of 30mil tourist arrivals and RM100bil in tourism receipts has been scaled down from a much higher figure...
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Rising startups on Tech In Asia: fish and meat retailer, sneakers marketplace, and more
Which are the startups that are on the path to becoming the next big thing?
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Proton's strong comeback, only player with 2-digit growth
PETALING JAYA: National carmaker Proton Holdings Bhd is the only automotive player to register double-digit sales growth of nearly 50% in the first seven months of this...
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PSC cut has created uneven playing field for airlines, claims IATA
KUALA LUMPUR (Sept 9): Malaysia is creating an uneven playing field for airlines with the  reduction in the passenger service charge (PSC) for destinations beyond Asean, claims the International Air ...
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IATA: KLIA losing out with lower PSC rates
PETALING JAYA: Airlines and passengers using the KL International Airport (KLIA) are losing out to other Malaysian airports, with the reduction of Passenger...
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Fireside chat with Richard Koh co-founder of Alibaba-backed startup M-DAQ
Dear readers, We’re excited to bring you our next subscribers-only meetup.
Malay Mail:
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Positive trade signals, miners push FTSE 100 higher
LONDON, Aug 30 — London’s FTSE 100 rose today, lifted by gains in miners as nickel hit an all-time high, with sentiment supported by signs of a resumption of US-China trade talks.
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Can political unrest in Hong Kong break its currency peg?
HONG KONG, Aug 29 — Three months of anti-government protests have thrown Hong Kong into its deepest crisis in decades, pounding the financial hub's economy and stock market and adding to its Sino-US...
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Malaysian companies featured in Forbes’ new “Best Over A Billion” list
PETALING JAYA: Six Malaysian companies made it into Forbes Asia’s inaugural “Best Over A Billion” list, which features Asia Pacific’s 200 top-performing listed...
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Sime Darby Bhd's lower FY19 net profit at RM948m
KUALA LUMPUR, Aug 27 — Sime Darby Bhd’s net profit for the financial year ended June 30, 2019 (FY19) fell to RM948 million from RM1.92 billion in FY18. However, revenue improved to RM36.16 billion...
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Singapore-based streetwear marketplace banks $2m in Global Founders-led round
Novelship, a Singapore-based startup operating a marketplace for sneakers and streetwear, has raised US$2.05 million in a seed funding round led by Global Founders Capital, which also backed companies...
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Ringgit extends downtrend against US$
KUALA LUMPUR: The ringgit extended its downtrend to open lower against the US dollar as most traders kept sideways while closely monitoring developments in the...
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Ringgit extends downtrend against US dollar at opening
KUALA LUMPUR (Aug 27): The ringgit extended its downtrend to open lower against the US dollar as most traders kept sideways while closely monitoring developments in the US-China trade dispute, dealers...
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Ringgit remains weak against US dollar at opening
KUALA LUMPUR, Aug 27 — The ringgit extended its downtrend to open lower against the US dollar as most traders kept sideways while closely monitoring developments in the US-China trade dispute, deale...
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Manufacturers cautious on business activities outlook for H2 2019, says FMM
KUALA LUMPUR, Aug 21 — Members of the Federation of Malaysian Manufacturers (FMM) remained cautious on the business activities outlook for the second half (H2) 2019 due to external factors such as t...
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Maybank: AirAsia X likely to report 'big loss' for 2Q
KUALA LUMPUR (Aug 21): Maybank Investment Bank Bhd said AirAsia X Bhd (AAX) is likely to report this month a core net loss of RM105 million for the second quarter ended June 30, 2019 (2QFY19) due to a...
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Putrajaya urged to place all SME funds under one ministry
PETALING JAYA: The government has been urged to consolidate all funds allocated for small and medium enterprises (SME) under one ministry in order to help them adapt to the Industrial Revolution (IR) ...
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Kaspersky set to open first Transparency Centre in AsiaPac in Cyberjaya
In line with its drive towards building trust in the cybersecurity industry, Kaspersky on Fri Aug 16 announced the opening of its first Transparency Center in Asia Pacific, in partnership with CyberSe...
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12MP: Kuantan has the potential to be transport, logistics hub
KUANTAN (Aug 18): The capital of Pahang, Kuantan, has the potential to be developed as a transportation and logistics hub under the 12th Malaysia Plan (12MP) 2021-2025, according to a statement by the...
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WEF, Sea survey reveal 81% ASEAN youths believe internships equally or more important than school
Young people in Southeast Asia (SEA) face a relentless challenge to upgrade their skills as technology disrupts job markets, according to research released yesterday by the World Economic Forum and S...
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12MP: Kuantan has the potential to be transport, logistics hub
KUANTAN (Aug 16): The capital of Pahang, Kuantan, has the potential to be developed as a transportation and logistics hub under the 12th Malaysia Plan (12MP) 2021-2025, according to a statement by the...
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12MP: Kuantan has the potential to be transport, logistics hubs
KUANTAN: The capital of Pahang, Kuantan has the potential to be developed as a transportation and logistics hubs under the 12th Malaysia Plan (12MP) 2021-2025, according to a statement by the Ministry...
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To cope in an IR4.0 world, grads must take charge of own learning
By 2021, IDC expects over 21% of Malaysia’s GDP to be contributed by the Digital Economy against the current level of 18%.
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Cyberjaya to host Kaspersky transparency centre
CYBERJAYA (Aug 15): Cyberjaya has been chosen to host cybersecurity outfit Kaspersky’s first transparency centre in the Asia Pacific region and its third transparency centre in the world.
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Urban youth not ready for IR 4.0, says research firm
SUBANG JAYA: Industry research firm International Data Corporation (IDC) said today that Malaysia’s future workforce is unprepared for Industrial Revolution 4.0 (IR 4.0), according to a study conduc...
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Bursa remains in the red at midday
KUALA LUMPUR, Aug 15 — Bursa Malaysia continued to stay in the red across the board in tracking the world’s major indices at mid-day, and with heavy selling pressure in the industrial products an...
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HKEX trading fee drops as protests dent sentiment, but CEO hopeful of big IPOs
HONG KONG: Hong Kong Exchanges and Clearing Ltd (HKEX) reported a 21% drop in trading fee for the first half of the year, as the Sino-US trade war and political unrest in the Asian financial hub hurt market sentiment.
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edotco Group collaborates with Intelsat
KUALA LUMPUR: Malaysian-based integrated telecommunications infrastructure services company edotco Group Sdn Bhd is collaborating with New York-listed Intelsat SA to advance connectivity capabilities across edotco’s footprint in South and South-East Asia through pioneering industry solutions.
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Malaysian businesses should upskill employees to use AI, technology — experts
KUALA LUMPUR (Aug 14): Malaysian businesses should upskill existing employees and adopt artificial intelligence (AI) and technology to enhance the companies’ values, rather than just focusing on the...
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Seven in 10 M'sian workers feel they're underprepared for jobs of the future —...
KUALA LUMPUR (Aug 14): About seven in 10 workers across Malaysia are concerned about not receiving the necessary training required for jobs in the future, according to a new study by Skillsoft.
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Singapore energy startup Electrify to raise $5m in series A funding
Electrify, a Singapore energy startup that operates retail electricity marketplace, said it is looking to raise US$5 million in series A funding by the end of the year.
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edotco collaborates with Intelsat to advance connectivity capabilities
KUALA LUMPUR (Aug 14): Malaysia-based integrated telecommunications infrastructure services company edotco Group Sdn Bhd (edotco) is collaborating with New York-listed Intelsat SA to advance connectiv...
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NCR opens state-of-the-art services center of excellence in KL
KUALA LUMPUR (Aug 14): New York Stock Exchange-listed software- and services-led enterprise provider NCR Corporation has opened a new state-of-the-art Services Center of Excellence (CoE) in Kuala Lump...
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AmInvestment Research upgrades Sime Darby to Buy from Hold
KUALA LUMPUR: AmInvestment Research has upgraded Sime Darby to Buy from Hold with a lower sum-of-parts based fair value of RM2.56 a share from RM2.57 with a price-to-earnings (P/E) of 12 times for its motor segment.
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Malaysian businesses should upskill employees to use AI, technology — experts
KUALA LUMPUR (Aug 13): Malaysian businesses should upskill existing employees and adopt artificial intelligence (AI) and technology to enhance the companies’ values, rather than just focusing on the...
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NCR Corporation opens regional Services Centre of Excellence in Kuala Lumpur
NCR Corporation recently announced the opening of a new, stare-of-the-art Regional Services Centre of Excellence (CoE) in Kuala Lumpur.
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Sime Darby acquires New Zealand's Gough Group
KUALA LUMPUR (Aug 13): Sime Darby Bhd is keen on investing in the next stage of growth to build on its newly acquired Gough Group Ltd’s leadership position in the New Zealand and Australian markets.
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Sime Darby acquires New Zealand’s Gough Group
KUALA LUMPUR, Aug 13 — Sime Darby Bhd is keen on investing in the next stage of growth to build on its newly acquired Gough Group Ltd’s leadership position in the New Zealand and Australian market...
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Sime Darby to acquire NZ's Caterpillar dealership
KUALA LUMPUR: Sime Darby Bhd's subsidiary Sime Darby (NZ) Holdings Ltd has entered an agreement to acquire New Zealand's Caterpillar dealership from Gough Holdings Ltd for NZ$211mil (about RM572mil).
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Foreign selling of Malaysian equity swelled to RM1.04b last week, says MIDF...
KUALA LUMPUR (Aug 13): Foreign selling of Malaysian equity on Bursa Malaysia swelled to RM1.04 billion last week, from RM601.2 million the prior week, according to MIDF Amanah Investment Bank Bhd Rese...
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Exodus of foreign funds continues on Bursa Malaysia
KUALA LUMPUR: There was an exodus of foreign funds from Bursa last week, marking the fourth uninterrupted week of foreign net selling, according to MIDF Research.
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Langkawi confident of maintaining Unesco Global Geopark status
LANGKAWI: The re-evaluation of Langkawi’s status as a Unesco Global Geopark ended today on a positive note, giving hope that the island will be able to retain this honour for the third time.
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Langkawi confident of maintaining Unesco Global Geopark status, says LADA CEO
LANGKAWI, Aug 11 — The re-evaluation of Langkawi’s status as a Unesco Global Geopark ended today on a positive note, giving hope that the island will be able to retain this honour for the third ti...
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Thai hospitality group aims to have 10 hotels in Malaysia by 2024
PETALING JAYA: Thailand-based hospitality management group ONYX Hospitality Group (ONYX) targets to manage at least 10 hotels across its hotel brands in Malaysia by 2024.
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Moody’s: Apac banks make good progress on IFRS 9 implementation
KUALA LUMPUR, Aug 8 — Asia Pacific banking systems are making good progress in the implementation of the International Financial Reporting Standard (IFRS) 9 accounting standard, according to Mood...
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Thomson Reuters keen to partner legaltech startups
“THOMSON Reuters has been serving legal and tax professionals for many decades.
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Digital-only banks, insurers will gain ground in APAC in the next two years: Forrester
CONSUMERS in Asia Pacific are some of the most advanced when it comes to digital engagement with financial services, with 73% of consumers believing that they should be able to accomplish any financia...
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PRG buys loss-making unit from 54%-owned Hong Kong-listed subsidiary for RM16....
KUALA LUMPUR (Aug 7): PRG Holdings Bhd is spending RM16.5 million cash to buy a loss-making retail company that sells luxury fashion apparel, footwear and ancillary products from its 54.19%-owned Hong...
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Oppo offers international warranty for the Find X and Reno FC Barcelona Edition
For greater peace of mind, while travelling or working overseas, Oppo Malaysia has announced an extended international warranty service for its flagship Find X and Reno FC Barcelona edition.
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Further consolidating Malaysia’s position as Airbus regional hub
SUBANG: The opening of the Airbus helicopter completion and delivery centre at its facility here will further consolidate Malaysia’s position as the regional hub for all the industrial activities an...
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CompareAsia bags $20m in Experian-led series B1 round
Personal finance platform CompareAsiaGroup has raised US$20 million in a series B1 funding round led by information services provider Experian.
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Global semicon sales fell 16.8% y-o-y in 2Q2019 to US$98.2b, says SIA
KUALA LUMPUR (Aug 6): Global sales of semiconductors fell 16.8% year-on-year in the second quarter of 2019 to US$98.2 billion, according to the US-based  Semiconductor Industry Association (SIA). In ...
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Communications & Multimedia Minister Gobind ambitiously aims for 1H 2020 launch of 5G services in Malaysia
Delighted with the commitment and hard work put in by the 113 strong multi-stakeholder 5G Task Force at the mid-term report on Monday in Cyberjaya, Gobind Singh Deo, Malaysia’s Minister of Communica...
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Goodyear appoints company veteran to head Malaysian ops
KUALA LUMPUR: Goodyear Malaysia today announced the appointment of Alex Ng as its managing director.
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Alibaba Cloud to help enterprises accelerate digital transformation
ALIBABA Cloud, the data intelligence backbone of Alibaba Group, on July 31 showcased its leading-edge solutions to Malaysian enterprises to accelerate their digital transformation at the first cloud s...
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Taiwan joins Asia digital banking push with 3 new online licences
TAIPEI/HONG KONG (July 30): Taiwan issued its first virtual banking licences to three consortiums led by Taiwan and Japanese investors, its financial authorities said on Tuesday, following moves by re...
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Sustained growth harder for brands as consumers in Asia now less impulsive
BUSINESSES are struggling to lock in long-term, sustainable growth as consumer behaviours change, according to new research from Kantar, a data, insights and consulting company.
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Video: Anti-fraud expert debunks ecommerce fraud myths from the internet
Can ecommerce fraud happen without stolen credit card details?
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