The Malaysian Pulse
Beat of the Nation
Sun, 22 Sep 2019, 6:09 PM
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Topic: July 2019

Malay Mail:
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Three Malaysian films on Malaysia Day weekend
SEPTEMBER 21 ― I'm not sure if many people have noticed, but there's a been a huge drop in the number of Malaysian films released this year compared to the very prolific nature of the industry for m...
The Star:
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Stable labour market
The labour market in Malaysia remains healthy.
Malay Mail:
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Minister: 1,700 metric tonnes of food donated to Food Bank Malaysia
ARAU, Sept 20 — Over 1,700 metric tonnes of food have been donated by the public to the Food Bank Malaysia programme since its introduction in August last year, said Domestic Trade and Consumer Affa...
The Star:
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UEM to use Cipali toll road divestment for Malaysia's key infrastructure
KUALA LUMPUR: UEM Group Bhd, the infrastructure arm of Khazanah Nasional Bhd said it will use part of the proceeds from divesting its entire stake in Indonesia’s...
Malaysiakini:
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UEM to use Cipali toll road divestment for Msia's key infrastructure
UEM Group Bhd, the infrastructure arm of Khazanah Nasional Berhad, said it will use part of the proceeds from divesting its entire stake in Indonesia’s Cikopo-Palimanan (Cipali) toll road for invest...
Carlist.my:
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Honda Is Inviting Everyone To Its Biggest Party Of The Year
Honda is calling all Malaysians to share the joy of achieving 900,000 sales units in a span of seventeen years since its establishment in Malaysia.
The Star:
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Lim: No plans to bring back GST
KUALA LUMPUR: The government will not be bringing back the Goods and Services Tax (GST), said Finance Minister Lim Guan Eng.
EdgeProp.my:
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Another 6-month delay for Cypark WTE
PETALING JAYA (Sept 13): Cypark Resources Bhd's waste to energy (WTE) incinerator plant in Ladang Tanah Merah, Port Dickson, Negri Sembilan cannot begin operations due to some technical issues with th...
theSun:
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Malaysia’s labour force participation rate falls to 68.5% in July 2019
KUALA LUMPUR: The country’s labour force participation rate in July 2019 decreased 0.1 percentage point to 68.5% as compared with the previous month (June 2019), said Chief Statistician Datuk Seri D...
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Malaysia labour participation down at 68.5% in July 2019
KUALA LUMPUR (Sept 13): The country’s labour force participation rate in July 2019 decreased 0.1 percentage point to 68.5 per cent as compared with the previous month (June 2019), said Chief Statist...
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LTKM takeover offer deadline extended to Oct 2
KUALA LUMPUR (Sept 13): The conditional voluntary takeover offer by chicken egg producer LTKM Bhd's managing director Datuk Tan Kok and his family has been extended from Sept 17 to Oct 2, the company ...
Malay Mail:
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Malaysia’s labour force participation rate falls 68.5pc in July 2019
KUALA LUMPUR, Sept 13 — The country’s labour force participation rate in July 2019 decreased 0.1 percentage point to 68.5 per cent as compared with the previous month (June 2019), said Chief Stati...
CarSifu:
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Thailand's local assembly of high-voltage batteries for BMW
The Star:
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RHB Research: Decline in July IPI is a temporary blip
PETALING JAYA: The decline in July’s industrial production index (IPI) to 1.2% from a year ago, which also came in below Bloomberg’s survey of a 3.1% growth, is a...
Malay Mail:
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Malaysia’s July 2019 wholesale, retail trade up 5.7pc at RM112.5b
KUALA LUMPUR, Sept 11 — Malaysia’s wholesale and retail trade value grew 5.7 per cent year-on-year (y-o-y) to RM112.5 billion in July 2019, according to the Department of Statistics Malaysia.
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Manufacturing sales up 6% to RM74.2 bil in July
KUALA LUMPUR (Sept 11): The country's manufacturing sales continued to grow in July 2019, rising six per cent to RM74.2 billion from RM70 billion a year earlier, said the Department of Statistics Mala...
Malay Mail:
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Malaysia manufacturing sales up 6pc to RM74.2b in July
KUALA LUMPUR, Sept 11 — The country’s manufacturing sales continued to grow in July 2019, rising six per cent to RM74.2 billion from RM70 billion a year earlier, said the Department of Statistics ...
The Star:
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Malaysia recorded RM98.9bil in wholesale and retail trade in July this year
PETALING JAYA: Malaysia amassed RM98.9bil in wholesale and retail trade in July, recording a 5.7% increase compared to the same month last year.
AutoBuzz.my:
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Honda Civic updated with Honda Sensing; now available for booking
With more than 50,000 units sold and a total of 133,000 on Malaysian roads across all generations, the current best-selling C-segment car in Malaysia — the 10th generation Honda Civic, will be recei...
The Edge Markets:
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Malaysia July wholesale, retail trade up 5.7% at RM112.5b
KUALA LUMPUR (Sept 11): The sales value of Malaysia's wholesale and retail trade grew 5.7% to RM112.5 billion in July 2019 from a year earlier, led by expansion in retail transactions for food, bevera...
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Malaysia's July 2019 IPI up 1.2% on-year
KUALA LUMPUR (Sept 11): Malaysia's industrial production index (IPI) rose 1.2% year-on-year (y-o-y) in July 2019, on growth in the manufacturing and electricity segments, according to the Statistics D...
The Star:
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July industrial output slows down to 1.2%, below forecast
KUALA LUMPUR: Malaysia's industrial production index (IPI) expanded by 1.2% in July, which was slower than a Bloomberg forecast of a 3.1% increase.
Carlist.my:
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2019 Honda Civic Is Open For Booking - Now With Honda Sensing And More
Honda Malaysia today announced that the updated 2019 Honda Civic is officially open for booking.
Lowyat.NET:
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Canon PowerShot G5 X Mark II And G7 X Mark III Now Available; Starts From RM2999
Earlier today, Canon Malaysia officially launched its PowerShot G series cameras, the G5 X Mark II and G7 X Mark III.
The Star:
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Chinese govt support for banks to be more selective, Moody's says
KUALA LUMPUR: Recent measures by the Chinese government (A1 stable) for a number of troubled banks indicate that financial system stability remains the...
Malay Mail:
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Oil majors to mull fresh cuts as trade war hits prices
DUBAI, Sept 8 — Top oil producers will consider fresh output cuts at a meeting this week, but analysts are doubtful they will succeed in bolstering crude prices dented by the US-China trade war.
The Borneo Post:
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211,354 new SSPN accounts in Sabah this year – CM
Ewon (standing, third right), Jenifer (standing, second right) and Wan Saiful (standing, second left) with some of the recipients of the SSPN-i savings yesterday.
The Star:
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Lim: Economy to grow sustainably in H2
KUALA LUMPUR: The Malaysian economy is expected to grow sustainably for the second half of this year following the better-than-expected export growth in July and a...
theSun:
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Malaysian economy to grow sustainably in second half of 2019: Lim
KUALA LUMPUR: The Malaysian economy is expected to grow sustainably for the second half of this year following the better-than-expected export growth in July and a 97.2% growth in approved foreign inv...
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Malaysia flags 'sustainable' 2H growth on exports, foreign investments
KUALA LUMPUR (Sept 6): The Malaysian economy is expected to grow sustainably in the second half of this year following the better-than-expected export growth in July and a 97.2 percent growth in appro...
Malaysiakini:
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M’sia expects sustainable second-half economic growth - Finance Minister
Malaysia is expecting sustainable economic growth for the second half of the year on the back of increasing exports and foreign investments, Finance Minister Lim Guan Eng has said.
Malaysiakini:
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Charges dropped against Air France, Airbus over fatal 2009 crash
French investigating magistrates yesterday dismissed charges against the country's main flag carrier Air France and Europe's planemaker Airbus over the fatal crash of flight AF447 between Rio de Janei...
The Star:
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Glomac earnings may improve on better leasing rates at Glo Damansara
KUALA LUMPUR: GLOMAC BHD’s earnings for the financial year ending April 30,2020 (FY20) is expected to improve on better leasing rates at its Glo Damansara shopping mall.
Malay Mail:
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Strong exports data lifts ringgit in early trading
KUALA LUMPUR, Sept 5 — 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 data.
The Star:
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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...
The Star:
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Maybank IB Research expects Glomac’s FY2020 earnings to improve
KUALA LUMPUR: Glomac Bhd’s earnings for the financial year ending April 2020 is expected to improve on better leasing rates of 74% vs 45% in FY4/18 at Glo Damansara...
The Star:
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Healthcare business to drive UEM Edgenta’s growth
KUALA LUMPUR: UEM Edgenta Bhd’s growth moving forward in the near term will continue to be driven by its healthcare business segment, says its managing...
The Star:
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Stronger-than-expected Malaysian export performance in July
PETALING JAYA: Malaysia entered the second half of 2019 with a stronger-than-expected export performance in July, as the country’s export growth rebounded by...
The Edge Markets:
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July's export performance further evidence of trade diversion — UOB
KUALA LUMPUR (Sept 4): Malaysia’s exports in July 2019 are further evidence of trade diversion amid higher exports of electrical and electronics (E&E) products and pick-up in exports to the US and C...
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Banking sector remains resilient despite uptick in impaired loans — RAM Ratings
KUALA LUMPUR (Sept 4): The Malaysian banking system’s asset quality remained sturdy although the gross impaired loan ratio (GIL) edged up to 1.6 percent as at end-July 2019 from 1.48 percent as at e...
Malay Mail:
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July’s export performance further evidence of trade diversion, says UOB
KUALA LUMPUR, Sept 4 — Malaysia’s exports in July 2019 are further evidence of trade diversion amid higher exports of electrical and electronics (E&E) products and pick-up in exports to the US and...
Malay Mail:
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Ringgit gains against US dollar at the close
KUALA LUMPUR, Sept 4 — The ringgit closed higher against the US dollar today following weaker-than-expected Institute of Supply Management’s (ISM) August factory index for the United States.
Malay Mail:
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Banking sector remains resilient despite uptick in impaired loans, says RAM ratings
KUALA LUMPUR, Sept 4 — The Malaysian banking system’s asset quality remained sturdy although the gross impaired loan ratio (GIL) edged up to 1.60 per cent as at end-July 2019 from 1.48 per cent as...
The Edge Markets:
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Malaysia's July exports up on-year at RM88b
KUALA LUMPUR (Sept 4): Malaysian exports increased 1.7% to RM88 billion in July 2019 from a year earlier, on higher sales of electrical and electronic goods, liquefied natural gas, refined petroleum p...
Malay Mail:
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Malaysia’s trade surplus expands to RM14.27b in July 2019
KUALA LUMPUR, Sept 4 ― Malaysia recorded a trade surplus in July 2019 amounting to RM14.27 billion, up 75.6 per cent from the same month of the previous year and marking the 261st consecutive month ...
Malaysiakini:
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Miti: Malaysia's July trade surplus jumps 75.6% y-o-y to RM14.27b
Malaysia recorded a trade surplus in July 2019 amounting to RM14.27 billion, up 75.6 percent from the same month of the previous year and marking the 261st consecutive month of trade surplus since Nov...
Malay Mail:
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No ‘wow’ factor in corporate earnings, AmInvestment Bank cuts index target to 1,680 points
KUALA LUMPUR, Sept 4 ― AmInvestment Bank Bhd has cut the FBM KLCI end of 2019 target by 140 points to 1,680 points amid lacklustre corporate earnings in the just-concluded second-quarter results, co...
The Star:
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Malaysia's July exports exceed forecast with 1.7% growth to nearly RM88b
KUALA LUMPUR: Malaysia’s July exports expanded by 1.7% to RM87.96bil from a year ago, exceeding a Bloomberg forecast of a 2.5% on-year decline.
The Star:
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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...
The Star:
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US to use fake social media to check people entering country
US Citizenship and Immigration Services officers can now create fictitious social media accounts to monitor social media information on foreigners seeking visas, green...
The Star:
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Trading in Priceworth International halted
KUALA LUMPUR: Trading in the securities of Priceworth International was voluntarily suspended since 9am on Tuesday for a corporate announcement.
Tech in Asia:
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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.
The Star:
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Public Mutual declares distributions of RM134m for 11 funds
KUALA LUMPUR: Public Bank’s unit Public Mutual has declared distributions of more than RM134mil for 11 of its funds for the financial year ended Aug 31.
Malay Mail:
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BNM’s official reserve assets at US$103.911b as at end-July 2019
KUALA LUMPUR, Aug 30 — Bank Negara Malaysia’s (BNM) official reserve assets amounted to US$103.911 billion (RM438.6 billion), while other foreign currency assets stood at US$216.9 million as at en...
Carlist.my:
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Honda City Special Edition Launched With DVR And Built-in Toll Reader - RM75,955
Honda Malaysia today announced the introduction of the City Special Edition, fitted with features like the Digital Video Recorder and a built-in toll reader among others.
The Edge Markets:
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Grand-Flo's shareholders told to accept takeover offer
KUALA LUMPUR (Aug 29): Minority shareholders of Grand-Flo Bhd have been advised to accept the takeover offer by YBG Yap Consolidated Bhd for the rest of the shares in the information technology soluti...
CarSifu:
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Honda City in two new colours and extra kit
PETALING JAYA: Honda Malaysia today introduced a special edition City that comes in two new colours and additional equipment.
AutoBuzz.my:
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Check out what the new Honda City “Special Edition” has in store!
Honda Malaysia has introduced a “Special Edition” for its best-selling model the City, which will be available in Passion Red Pearl and White Orchid Pearl at RM75,955 and RM76,075 respectively.
PaulTan.org:
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Honda City Special Edition – DVR, toll reader, RM76k
Honda Malaysia (HM) has released a special edition of its best seller, simply called the Honda City Special Edition (SE). Available in the new Passion Red Pearl and White Orchid Pearl, the SE is based...
The Edge Markets:
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Malaysia July 2019 producer prices down 2.2% on-year
KUALA LUMPUR (Aug 29): The Producer Price Index (PPI) for local production decreased 2.2 per cent in July 2019 compared with the same month of the preceding year, said Chief Statistician Malaysia Datu...
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BHIC appoints retired Admiral as director
KUALA LUMPUR (Aug 29): Boustead Heavy Industries Corp Bhd (BHIC) has appointed Vice Admiral (Retired) Datuk Syed Zahiruddin Putra Syed Osman as independent and non-executive director.
The Edge Markets:
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Nominal impact on India's import of Malaysian palm oil even if duty increases...
PETALING JAYA (Aug 27): Malaysian refined palm oil export into India will only be impacted nominally even if the Indian Government decides to hike the import duty on the commodity, IJM Plantations Bhd...
The Star:
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Quick take: DRB-Hicom shares down on profit-taking
KUALA LUMPUR: Shares in DRB-Hicom Bhd fell in early trade Monday on profit-taking activities following its recent run up.
The Star:
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DRB-Hicom returns to the black
PETALING JAYA: DRB-Hicom Bhd has posted a net profit of RM46.21mil for the first quarter ended June 30,2019 (1Q19) from a net loss of RM66.59 mil a year ago due to...
The Star:
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Proton launches first 4s centre in Kota Kinabalu
PROTON Holdings Bhd has launched its first 4S (sales, service, spare parts and body and paint services) flagship dealership in Malaysia to meet rising customer demand...
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High Proton sales drive DRB-Hicom onto profitable path for three consecutive...
KUALA LUMPUR (Aug 23): DRB-Hicom Bhd, whose share price soared to a 19-year high of RM2.95 today, posted a net profit of RM46.21 million for the three months ended June 30, 2019, versus a net loss of ...
Malay Mail:
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DRB-Hicom turns black in Q1 with RM46.21m net profit
KUALA LUMPUR, Aug 23 — DRB-Hicom Bhd returned to the black with a net profit of RM46.21 million in the first quarter (Q1) ended June 30, 2019 after having chalked up a net loss of RM66.60 million in...
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LTKM shareholders advised to accept takeover offer by MD
KUALA LUMPUR (Aug 23): Shareholders of LTKM Bhd have been advised to accept the takeover offer extended by the company's managing director Datuk Tan Kok and his family.
The Star:
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Downward pressure seen for domestic bond yields
KUALA LUMPUR: The prospect of a low global interest rate environment and consequent search for yields is expected to continue placing downward pressure on domestic bond yields, says RAM Ratings Services Bhd.
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N.American semicon makers posted global billings of US$2.03 billion in July,...
KUALA LUMPUR (Aug 23): North America-based manufacturers of semiconductor equipment posted US$2.03 billion in billings worldwide in July 2019, according to the U.S.-based Semiconductor Equipment & Mat...
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AirAsia X posts wider Q2 net loss of RM207m
KUALA LUMPUR: AirAsia X posted a weaker set of financial results in the second quarter ended June 30, 2019 as it was impacted by the loss of disposal of three aircraft under the share and lease back during the quarter amounting to RM72.50mil.
Malay Mail:
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RAM sees more downward pressure on domestic bond yields
KUALA LUMPUR, Aug 22 — The prospect of a low global interest rate environment and consequent search for yields is expected to continue placing downward pressure on domestic bond yields, says RAM ...
Malay Mail:
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Opec’s market share sinks — and no sign of wavering on supply cuts
LONDON, Aug 22 — Opec’s share of the global oil market has sunk to 30%, the lowest in years, as a result of supply restraint and involuntary losses in Iran and Venezuela, and there is little sign ...
The Borneo Post:
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Mavcom announcement hints at Sibu-Singapore direct flights coming soon via AirAsia
Mavcom’s latest bulletin showed that AirAsia was also awarded Air Traffic Rights to operate from Kuala Lumpur to Guangzhou, Jambi and Tanjung Pandan, alongside Sibu-Singapore and Penang-Kuala Tereng...
CarSifu:
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Expect lower-priced CKD Proton X70 in November, says AmInvestment Bank
Proton CEO Dr.Li Chunrong with the popular X70. KUALA LUMPUR: The sales volume of Proton will continue to be the key driver of the local car industry, with the locally assembled X70 stepping up the pa...
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Experts confirm Lynas operation is safe — Pahang MB
KUANTAN (Aug 20): Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail yesterday said many experts from the atomic energy field have confirmed the operation of rare earth processing company Lynas Mala...
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Proton sales to be key driver in auto industry
KUALA LUMPUR (Aug 20): The sales volume of national marque, Proton will continue to be the key driver of the local automotive space, said AmInvestment Bank today.
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Experts confirm Lynas operation is safe — Pahang MB
KUANTAN (Aug 19): Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail today said many experts from the atomic energy field have confirmed the operation of rare earth processing company Lynas Malaysia...
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Experts confirm Lynas operation safe – Pahang MB
KUANTAN: Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail yesterday said many experts from the atomic energy field have confirmed the operation of rare earth processing company Lynas Malaysia Sdn ...
theSun:
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Experts confirm Lynas operation is safe: Pahang MB
KUANTAN: Pahang Mentri Besar Datuk Seri Wan Rosdy Wan Ismail today said many experts from the atomic energy field have confirmed the operations of rare earth processing company Lynas Malaysia Sdn Bhd ...
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Pahang MB: Experts confirm Lynas operation is safe
KUANTAN, Aug 19 — Pahang Mentri Besar Datuk Seri Wan Rosdy Wan Ismail today said many experts from the atomic energy field have confirmed the operation of rare earth processing company Lynas Malaysi...
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Line Pay begins adding support for WeChat Pay
Line Pay Corp., operator of the Japanese messaging app’s mobile money transfer and payment services, announced that its merchants have been integrating Chinese competitor WeChat Pay since August 9 o...
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Malaysia's car sales drop 26% y-o-y in July — MAA
KUALA LUMPUR (Aug 19): Malaysia's car sales dropped 26% year-on-year (y-o-y) in July this year due to the absence of a three-month tax holiday period.
The Star:
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AmInvest Research upgrades Salutica to Buy from Sell
KUALA LUMPUR: AmInvestment Research has upgraded Salutica to Buy from Sell with a higher fair value of 61 sen a share (previously 20 sen).
SoyaCincau.com:
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MCMC has fined telcos RM3.83 mil this year, 20.4% more than all of 2018
The Malaysian Communications and Multimedia Commission (MCMC) has issued a total of 107 compounds amounting to RM3.83 million to local telecommunication companies between 1st January to 31st July 2019...
Malaysiakini:
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Q2 growth reflects M'sian resilience amid global economic slowdown
COMMENT | Malaysia yet again beats market expectations with its second quarter 2019 GDP growth accelerating to 4.9 percent year-on-year, from 4.5 percent in the previous quarter.
The Borneo Post:
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Bridal shop, three companies ordered to pay claimants
KOTA KINABALU: A newly wedded couple who had a nightmarish experience during their wedding photo shoot last year, won their justice when the Consumer Claims Tribunal yesterday awarded them the full am...
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E-commerce fraud complaints on the rise, says Ministry
KUALA LUMPUR (Aug 15): The Ministry of Domestic Trade and Consumer Affairs (MDTCA) today said it receives an average of 2,500 complaints monthly, with some 26 percent of the July 2019 figure involving...
Malay Mail:
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AmBank Research sees headline inflation rising 0.5-1.0pc in 2019
KUALA LUMPUR, Aug 15 — AmBank Research expects targeted fuel subsidies will keep price pressure subdued in 2019, with headline inflation to grow between 0.5 per cent and 1.0 per cent this year.
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E-commerce fraud complaints on the rise, says ministry
KUALA LUMPUR (Aug 15): The Ministry of Domestic Trade and Consumer Affairs (MDTCA) today said it receives an average of 2,500 complaints monthly, with some 26% of the July 2019 figure comprising e-com...
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DONE DEAL: Semi-detached house, Semantan Villas, Damansara Heights, KL
Rented for: RM15,540 per month (around RM3.10 psf) Concluded by: Shawn Fernandez (E 2445) of Fernstate Sdn Bhd (012-288 1251) When: July 2019 Noteworthy: ● Freehold ● Land area: 5,000 sq ft; Built...
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Malaysia July CPI up 1.4% y-o-y to 121.5
KUALA LUMPUR (Aug 14): Malaysia's July consumer price index (CPI) rose 1.4% year-on-year to 121.5 versus 119.8, according to the Department of Statistics Malaysia.
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Light up for Merdeka and get special TNB incentive
KUALA LUMPUR: In conjunction with the 62nd Merdeka celebration, Tenaga Nasional Berhad (TNB) is once again offering a special incentive to encourage its commercial consumers to brighten up their buildings and surrounding areas with decorative lights.KUALA LUMPUR: In conjunction with the 62nd Merdeka celebration, Tenaga Nasional Berhad (TNB) is once again offering a special incentive to encourage its commercial consumers to brighten up their buildings and surrounding areas with decorative lights.
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MAHB passenger traffic rises 5.3% y-o-y in July, following higher domestic...
KUALA LUMPUR (Aug 13): Malaysia Airports Holdings Bhd (MAHB) saw a 5.3% increase in passenger traffic in July 2019, on the back of higher domestic passenger movements in Malaysia and the high growth o...
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Myanmar fitness app Flexible Pass raises 6-figure pre-series A funding
Myanmar health and fitness app Flexible Pass has secured a six-digit amount in pre-series A funding from existing investors Yangon Capital Partners, Seed Myanmar, and Nest Tech.
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Verizon sells Tumblr to company that owns WordPress
Verizon announced a deal to sell Tumblr – the blogging site Yahoo acquired for US$1.1bil (RM4.61bil) six years ago – to Automattic, the company that owns and operates online-publishing site WordPress.com.
Malay Mail:
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Board: Malaysia’s palm oil stocks fell 0.79pc in July 2019
KUALA LUMPUR, July 13 — Malaysia’s total palm oil stocks fell 0.79 per cent in July 2019 to 2.39 million tonnes from 2.41 million tonnes recorded in the previous month, according to the Malaysian ...
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Malaysia’s palm oil stocks fell 0.79% in July 2019
Malaysia's total palm oil stocks fell 0.79 per cent in July 2019 to 2.39 million tonnes from 2.41 million tonnes recorded in the previous month, according to the Malaysian Palm  Oil Board (MPOB).
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Malaysia's palm oil stocks fell 0.79pct in July
Malaysia's total palm oil stocks fell 0.79 percent in July 2019 to 2.39 million tonnes from 2.41 million tonnes recorded in the previous month, according to the Malaysian Palm Oil Board (MPOB). The bo...
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Maybank IB Research cuts Leong Hup net profit outlook
KUALA LUMPUR: Maybank Investment Bank Research has reduced its FY19-21E net profit for Leong Hup International Bhd (LHIB) by 20%-24% ahead of its 2Q19 results release and lowered its target price by 20% to RM1.08 after the profit warning.
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