The Malaysian Pulse
Beat of the Nation
Sun, 22 Sep 2019, 4:05 AM
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Topic: US$10 billion

Malay Mail:
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Huawei promises smartest 5G phone, but who will be brave enough to buy?
FRANKFURT, Sept 19 — Huawei launches what could be the world’s smartest 5G phone today, but its fate in Europe will hang on whether customers will buy a device lacking access to software and apps ...
Malay Mail:
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Purdue Pharma seeks to halt opioid suits against company, Sacklers
NEW YORK, Sept 19 — OxyContin maker Purdue Pharma LP yesterday asked a US bankruptcy judge to halt for roughly nine months more than 2,600 lawsuits alleging the company and its controlling Sackler f...
Malay Mail:
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OxyContin maker Purdue Pharma files for bankruptcy protection
NEW YORK, Sept 16 — OxyContin maker Purdue Pharma LP filed for bankruptcy protection in New York last night, succumbing to pressure from more than 2,000 lawsuits alleging the company helped fuel the...
Malay Mail:
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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 ...
Lowyat.NET:
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Grab Reportedly Planning Merger Of Indonesian Payment Firms To Take On Gojek
Grab’s biggest shareholder, SoftBank, is reportedly planning of building up heft and power in order to surpass the Indonesian ride-sharing company, Gojek.
Malay Mail:
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Apple leans on devices business in global battle against Disney, Netflix
CUPERTINO, Sept 11 — Apple Inc, the company that transformed the music, mobile and personal computing industries, is relying on the ubiquity of its iPhones and iPads to take on Disney and Netflix in...
The Edge Markets:
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India raises import tax on vegoil from Malaysia by 5% — statement
NEW DELHI (Sept 4): India has imposed an extra 5% tax on vegetable oil imports from Malaysia for 180 days, a government statement said on Wednesday, to help boost the country's stagnating oilseed prod...
The Edge Markets:
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Tech: What’s behind Alibaba’s quest to raise US$30 billion?
WHY would a hugely profitable, cash-flush firm raise more money than has ever been raised by a listed company?
Malay Mail:
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British oil giant BP to exit Alaska in US$5.6b deal
WASHINGTON, Aug 28 ― British oil giant BP said yesterday it will sell all of its Alaska operations for US$5.6 billion (RM23.6 billion), exiting the state after 60 years to help meet divestment goals...
The Star:
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Purdue Pharma in discussion on US$10bil-$12bil offer to settle opioid lawsuits
NEW YORK: OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 opioid lawsuits against the company for...
Malay Mail:
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Report: Cabinet agrees ‘in principle’ for Go-Jek to operate here
KUALA LUMPUR, Aug 21 — Motorcycle ride-hailing services, such as Indonesia’s Go-Jek, has been given the green light by the Cabinet to operate locally, reported The Star.
Malay Mail:
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Robust baht, travel trends rattle Thai tourism market
BANGKOK, Aug 20 ― A strong Thai baht and a slowdown in arrivals from China are battering the kingdom's moneymaking tourism machine even as the country hopes to welcome a record 40 million visitors b...
Malay Mail:
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Bayer soars on report company proposes US$8b Roundup settlement
LONDON, Aug 9 — Bayer shares soared as much as 11 per cent today on a report that the German company has proposed to pay up to US$8 billion (RM32 billion) to settle more than 18,000 US lawsuits rela...
Malay Mail:
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For Airbus, capitalising on Boeing’s woes is challenging
NEW YORK, Aug 4 — With its main rival hobbled by the worldwide grounding of a top-selling jet, Europe’s Airbus could seem poised to emerge as the undisputed global aerospace leader.
Malay Mail:
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Insurance, economy weigh on Berkshire Hathaway operating profit
NEW YORK, Aug 3 — Berkshire Hathaway Inc today said its quarterly operating profit fell more than analysts expected, as weaker results from insurance underwriting and a slowing economy weighed on th...
Malay Mail:
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Pentagon stalls US$10b cloud contract eyed by Amazon
SAN FRANCISCO, Aug 2 — The Pentagon has put off awarding a US$10 billion (RM41.5 billion) cloud computing contract sought by Amazon, saying yesterday that the process will be reviewed by the newly-a...
Malay Mail:
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Report: Pfizer in talks on off-patent drugs merger with Mylan
WASHINGTON, July 27 — US pharmaceutical giant Pfizer is nearing a deal to merge its off-patent drugs business with generic drugmaker Mylan, The Wall Street Journal reported today.
Malay Mail:
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Barclays eyes up to US$20b chunk of Deutsche Bank prime finance book, say sources
LONDON, July 25 — Barclays is looking to take on a US$20 billion (RM82.3 billion) portion of Deutsche Bank’s prime brokerage business, sources told Reuters, under plans to become Europe’s premie...
Malaysiakini:
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Facebook to pay US$5b over Cambridge Analytica privacy breach
Facebook Inc will pay a record-breaking US$5 billion fine to resolve a government probe into its privacy practices and will boost safeguards on user data, the US Federal Trade Commission and the socia...
Malay Mail:
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AB InBev to sell Aussie brewer CUB to Asahi for US$11.3b
BRUSSELS, July 19 — The world’s leading brewer, debt-laden AB InBev, said today it is selling off its Carlton & United Breweries (CUB) unit in Australia for A$16 billion (RM46.4 billion) following...
The Edge Markets:
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Elsoft active, jumps 11.3% on making it to Forbes Asia’s Best Under A Billion...
KUALA LUMPUR (July 12): Shares in Elsoft Research Bhd jumped 11.35% in active trade after the company made it to this year’s 200 top-performing public companies of Forbes Asia’s Best Under A Billi...
The Edge Markets:
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Three Malaysia-listed firms in 2019 Forbes Asia’s Best Under A Billion list
SINGAPORE (July 11): Three Malaysia-listed companies made it to this year’s 200 top-performing public companies of Forbes Asia’s Best Under A Billion list.
Tech in Asia:
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In brief: WeWork to raise up to $4b in debt ahead of IPO, source says
Co-working space provider WeWork looks to raise US$3 billion to US$4 billion in debt ahead of its initial public offering to build up investor confidence in the company, Reuters reported, citing a pe...
Digital News Asia:
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Wild Digital 2019: Desire to solve basic problems the wind beneath Grab’s wings
GRAB has certainly come a long way.
Malay Mail:
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Budweiser, Stella maker eyes US$10b Hong Kong IPO
HONG KONG, July 2 — The company that makes Stella Artois and Budweiser hopes to raise almost US$10 billion (RM41.4 billion) by listing on the Hong Kong stock exchange, marking what would be the worl...
Malay Mail:
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Study: Money-laundering curbs cost Malaysian firms RM3.7b
SINGAPORE, July 2 — The true cost of Anti-Money Laundering (AML) compliance across all Malaysian financial services firms is estimated to be US$0.89 billion (RM3.7 billion), according to a LexisNexi...
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AML compliance across M'sian financial services firms estimated at US$890m
SINGAPORE (July 2): The true cost of Anti-Money Laundering (AML) compliance across all Malaysian financial services firms is estimated to be US$890 million (RM3.68 billion), according to a LexisNexis ...
Malaysiakini:
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Cost of complying with anti-money laundering in M'sia: RM3.68b
Malaysiakini:
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1MDB scandal forces local financial houses to spend more
Malaysian financial companies are spending more annually to comply with anti-money laundering (AML) and sanctions regulations following the 1MDB scandal, according to global data and analytics company...
Tech in Asia:
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In brief: Oyo in discussions to raise $1b, valuation to hit $10b
Oyo Hotels & Homes is in talks with new backers and existing investors like Japanese conglomerate SoftBank for US$1 billion in fresh funding, which is likely to see the startup’s valuation hit the U...
Malay Mail:
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European shares rise, spurred on by healthcare stocks
LONDON, June 4 ― European shares recovered from early losses to end yesterday higher as gains in healthcare stocks helped head off weakness in trade-sensitive sectors like technology after the lates...
Free Malaysia Today:
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Reach out to US, China firms to supply goods, Penang tech firms told
GEORGE TOWN: Penang’s investment promotion agency today told local industries to seek out business ties with US and Chinese companies as punitive tariffs in the ongoing trade war could push tech com...
Free Malaysia Today:
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Trump’s Huawei ban offers opportunities for Malaysia?
PETALING JAYA: The ongoing trade spat between Washington and Beijing, especially in the wake of President Donald Trump’s ban on Chinese technology giant Huawei, could be good news for Malaysian mobi...
Malay Mail:
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No easy options for China as trade war, US pressure bite
BEIJING, May 15 — China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a c...
Tech in Asia:
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SoftBank loses $16b in market value amid Uber’s tanking IPO
SoftBank Group, a leading investor in Uber, has lost roughly US$16 billion in market value in the past three trading days following the ride-hailing giant’s tanking initial public offering.
Malay Mail:
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From Paris to Omaha: How Occidental CEO out-manoeuvred Chevron in Anadarko bid
NEW YORK, May 9 — Occidental Petroleum chief executive Vicki Hollub was caught off guard when US oil giant Chevron swooped in last month with a US$33 billion (RM137.1 billion) offer to buy Anadarko ...
Malay Mail:
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Uber hit with Australia class action ahead of stock listing
SYDNEY, May 3 — Global ride-sharing firm Uber today faced another legal bump on the road to its blockbuster initial public offering, with taxi drivers launching a class action lawsuit in Australia.
Malay Mail:
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Berkshire Hathaway to invest US$10b in Occidental Petroleum for Anadarko takeover
NEW YORK, April 30 — American mega-investor Warren Buffett’s Berkshire Hathaway will invest US$10 billion (RM41.4 billion) in Occidental Petroleum as the company battles to acquire rival Anadarko ...
Malay Mail:
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Foxconn chairman travels to White House to discuss Wisconsin
TAIPEI, April 30 — The chairman of Apple supplier Foxconn will travel to the United States today for a meeting in the White House that is believed to be related to an investment in Wisconsin, accord...
Malaysiakini:
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Trump presses Japan's Abe to build more vehicles in the US
US President Donald Trump pressed Japanese Prime Minister Shinzo Abe to have Japanese automakers produce more vehicles in the United States, according to a readout of their recent meeting provided by ...
Malay Mail:
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Trump pressed Japan’s Abe to build more vehicles in the US
WASHINGTON, April 28 — US President Donald Trump pressed Japanese Prime Minister Shinzo Abe to have Japanese automakers produce more vehicles in the United States, according to a readout of their re...
Malay Mail:
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Uber reportedly aiming for stock market debut value of up to US$90b
SAN FRANCISCO, April 26 — Uber is aiming to make its stock market debut at a share price that would value the leading ride-share startup between US$80 billion (RM331.9 billion) and US$90 billion, Bl...
Malay Mail:
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Uber lands US$1b from SoftBank, Toyota for self-driving unit
SAN FRANCISCO, April 19 — Uber's autonomous vehicle unit has raised US$1 billion (RM4.15 billion) from a consortium of investors including SoftBank Group Corp, giving the company a much-needed fundi...
Malay Mail:
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Pakistan’s PM Khan to visit China next week, sign new pacts
ISLAMABAD, April 17 — Pakistani Prime Minister Imran Khan will visit China next week to meet its leaders and deliver a keynote speech at the vast Belt and Road Forum in Beijing, the South Asian nati...
Malay Mail:
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Venezuela ‘new government’ could get US$10b in trade financing, says Mnuchin
WASHINGTON, April 14 — A group of finance ministers is working on a US$10 billion (RM40 billion) package of trade finance that could be made available to help Venezuela out of its economic and human...
Tech in Asia:
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In brief: Uber says it may not be profitable in IPO filing
Uber’s growth is slowing and it may never make a profit, the company said on Thursday in its initial public offering filing.
Malay Mail:
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Uber sets IPO in motion, seeks to 'ignite opportunity'
SAN FRANCISCO, April 12 — Uber filed documents yesterday for its much-anticipated public share offering expected to be the largest in the tech sector in years, and a bellwether for other venture-bac...
Malay Mail:
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Uber steers toward blockbuster IPO as road looks rocky
SAN FRANCISCO, April 11 — Uber could become a US$100 billion company with a massive share offering that will be a bellwether for tech startups looking toward Wall Street.
Malay Mail:
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Uber steers toward blockbuster IPO as road looks rocky
SAN FRANCISCO, April 11 — Uber could become a US$100 billion (RM409.44 billion) company with a massive share offering that will be a bellwether for tech startups looking toward Wall Street.
Tech in Asia:
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In brief: Uber to seek $10b in IPO filing this week
Uber will seek to sell around US$10 billion worth of stock in its IPO and make public the offering’s registration on Thursday, people familiar with the matter said.
Malay Mail:
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Saudi Aramco bond sale attracting record demand, says bank source
PARIS, April 9 — The bond sale by energy giant Saudi Aramco has attracted record demand of US$85 billion (RM348.3 billion) from investors, one hour before bidding closed, a banking source told AFP.
Tech in Asia:
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In brief: Go-Jek is Southeast Asia’s second ‘decacorn’ with $10b valuation
Indonesian ride-hailing service Go-Jek’s value is now estimated at US$10 billion by US market intelligence firm CB Insights, putting it in the ranks of startups called “decacorns.” That would ma...
The Edge Markets:
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Indonesia’s Jokowi can make a final term count: Clara Ferreira-Marques
SINGAPORE (April 8): Joko Widodo can make a final term count.
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