Latest
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Corporate News
The surging business of MN Holdings
As a power infrastructure service provider, the growth opportunities for MN Holdings Bhd are far and wide.
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Corporate News
Making every load lighter
Juggling between household chores and a demanding career in sales and marketing drove Nini Tan to set up dobiQueen, one of the fastest growing self-service laundries in Malaysia.
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Economy
‘Muted optimism’
The outlook for economies in most regions is “hopeful” despite ongoing shared concerns about geopolitical instability and conflicts, says McKinsey & Co in a recent survey.
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Economy
Policymakers: No urgency to cut rates
Federal Reserve (Fed) policymakers have coalesced around the idea of keeping borrowing costs where they are until perhaps well into the year, given slow and bumpy progress on inflation, and a still-strong US economy.
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Economy
US dollar continues to gain strength
The continued strong performance of the US dollar was the trend for the global market last week, while global government bond yields rose as their prices fell.
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Business
Greater efforts needed to drive tourism
Twenty-nine million! That was the total number of tourist arrivals to Malaysia in 2023, of which some 20.1 million were foreign tourists while the balance 8.8 million were foreign excursionists or day trippers.
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Corporate News
MISC to develop world’s first ammonia dual-fuel ships
MISC Bhd via its wholly-owned petroleum arm AET has signed contracts with a member of Petroliam Nasional Bhd, PETCO Trading Labuan Company Ltd (PTLCL), to charter the world’s first two ammonia-powered Aframax vessels to the latter.
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Corporate News
Uzma to raise RM68mil via private placement
Uzma Bhd is looking to raise up to RM68.35mil via a proposed private placement to part-finance the development expenditure for the provision of a water injection facility in an oil field, and repay bank borrowings.
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Property
Domestic office-sector REITs stay cautious
Real estate investment trust (REIT) players with assets within the office space remain wary over the outlook of the segment, on the back of persisting difficulties.
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Corporate News
Fajarbaru Builder secures RM13mil job
Fajarbaru Builder Group Bhd has secured a RM13.33mil contract from Malaysia Airports Holdings Bhd for a project to improve and upgrade a fire engineering system at KLIA Terminal 1 of the KL International Airport in Sepang, Selangor.
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Telcos
Maxis pledges full support to government’s 5G delivery model
Maxis Bhd is supportive of the government’s rollout of the country’s second 5G network, dismissing claims that economic factors may hinder the development of an independent network.
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Corporate News
Crescendo has projects with GDV of RM1.2bil in the pipeline
The Johor-theme, driven by catalytic developments and the state’s longer-term growth plans, continues with attention turning to low-profile property developer Crescendo Corp Bhd.
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Economy
Trade showing remains on upward trajectory
Malaysia’s trade performance for the first quarter of 2024 continued its upward trajectory, recording a 7.1% year-on-year (y-o-y) growth to RM690.6bil, with a RM34.2bil surplus, says the Investment, Trade and Industry Ministry (Miti).
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Corporate News
MKH Oil Palm IPO oversubscribed
MKH Oil Palm (East Kalimantan) Bhd’s (MKHOP) initial public offering (IPO) has been oversubscribed by 8.4 times ahead of its listing on the Main Market of Bursa Malaysia.
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Economy
1Q GDP growth likely to have accelerated to 3.9%
The country’s economic growth is projected to have accelerated to 3.9% in the first quarter of 2024, based on advance estimates.
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Economy
MARC: Room to improve current account balance
Malaysia has potential to improve its current account balance by enhancing the services component of the account, particularly in the travel subcategory, says Malaysian Rating Corp Bhd (MARC).
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Corporate News
How Sin-Kung leveraged air cargo for its success
Trucks can’t travel on water and ships can’t sail on land. It is for this very reason that air freight has become one of the most trusted forms of transportation in a day and age where globally, volatile environments, rumours of war and natural disasters dominate the news.
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Insight
Too many passive investors? No such thing
US markets are doing much better than markets everywhere else, but no one seems to know why.
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Markets
Wall St Week Ahead: Earnings test for 'crowded' megacaps
Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the US stock rally, which has flagged as expectations for interest cuts fade.
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Markets
Nasdaq, S&P tumble as Netflix, chip stocks drag
The Nasdaq and the S&P 500 ended lower on Friday as Netflix shares weighed, but American Express kept the Dow afloat after quarterly earnings from both companies, while growing pessimism that the Federal Reserve would cut interest rates soon also dented sentiment.