Latest
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Nation
DNB denies claims of impropriety over 5G rollout
KUALA LUMPUR: Digital Nasional Bhd (DNB) strongly denies allegations of not being transparent in its internal operations and rejects the insinuation of any impropriety in the governance and procurement practices.
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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
Making the Malaysian startup pitch
An entrepreneur-turned-minister is leading the efforts to overhaul the Malaysian startup scene.
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Economy
Transformative blueprint for Malaysia
The Kuala Lumpur 20 (KL20) blueprint is set to be unveiled in the week ahead. Comprising more than 20 transformative reforms to jumpstart Malaysia’s business ecosystem, the blueprint is expected to make the country an attractive place for startups and venture capitalists.
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Corporate News
The pros and cons of earned wage access
The earned wage access (EWA) debate continues to rage on, despite the fact that most Malaysians have yet to hear of such a scheme, with it being the relatively new kid on the financial inclusion agenda block.
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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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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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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
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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Property
US existing-home sales decline as rates keep buyers sidelined
Sales of previously-owned homes in the United States fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices.
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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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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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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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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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Business
Batik, chips and tech in the fabric of society
Flying into Jakarta this week reminds me of the exotic blend between the ancient and the new that is Indonesia.
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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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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).