Latest
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Corporate News
Gadang gets RM280mil data centre job
Gadang Holdings Bhd’s wholly owned subsidiary, Gadang Engineering (M) Sdn Bhd, has secured a contract from TM Technology Services Sdn Bhd worth RM280mil.
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Insight
Financial maturity vital with introduction of Account 3
Account 3, known as the Flexible Account for members below the age of 55, is one the biggest changes the Employees Provident Fund (EPF) has implemented in recent times
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Corporate News
Powering on data centres
The sole publicly listed electrical switchboard maker in Malaysia is riding on the data centre boom in the country and the larger South-East Asia.
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Corporate News
Worldwide, Masdar ink MoU
Worldwide Holdings Bhd and Abu Dhabi Future Energy Co, PJSC (also known as Masdar) has inked a memorandum of understanding (MoU) to develop one gigawatt (GW) of renewable energy (RE) projects in Selangor.
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Business
Medical insurance premiums on the rise
Rapidly rising healthcare costs have often been cited as a factor for the increase in insurance premiums.While some have attributed the hike in healthcare costs in Malaysia to the weaker ringgit in recent years, it is notable that the spike in healthcare costs is a global phenomenon – and it is not a unique trend to Malaysia.
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Corporate News
Making scents of success
Discovering the wonders of aromatherapy and how scents help deal with stress and depression, Fadz Subari started his entrepreneurial journey in 2019 by formulating aromacare products using local herbs and plants.
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Property
Rising data centre ability
Malaysia's growing data centre segment has been attracting a steady flow of investments.
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Property
Blackstone, KKR mortgage REITs stung by office debt challenges
Blackstone Inc and KKR & Co mortgage real estate investment trusts (REITs) are grappling with deteriorating office loans as higher interest rates and weak demand drive down property values.
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Corporate News
Kelington to reap the benefits of a diversified business strategy
Kelington Group Bhd is poised to ride the tailwinds of an anticipated semiconductor recovery in 2024 and it is also positioned to continue reaping the benefits of its well-diversified business strategy.
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Corporate News
Sapura Energy takes a step to turn the tide
AS per its restructuring scheme, debt-laden Sapura Energy Bhd is divesting its 50% stake in SapuraOMV Upstream Sdn Bhd, marking an exit from the exploration and production (E&P) business, which was considered a prized asset.
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Insight
EPF’s third account, both a boon and a bane
THE Employees Provident Fund’s (EPF) third account, which will enable members to withdraw their savings at any time, has received mixed reactions.
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Corporate News
Microlink wins contract worth RM56mil
Microlink Solutions Bhd has secured a RM56.45mil contract from Bank Islam Brunei Darussalam Bhd (BIBD) to implement and maintain a new core banking system for the latter.
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Economy
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Japan is concerned about negative effects of the weak yen, according to Finance Minister Shunichi Suzuki in a fresh warning to speculators as the currency fell further after the central bank’s widely expected decision to hold rates steady.
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Economy
Investors brace for 5% Treasury yields
As US inflation worries grow, some investors are preparing for the 10-year US Treasury yield to breach a 16-year high of 5% hit last October.
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Corporate News
Tesla’s plan for affordable cars takes page from Detroit rivals
Elon Musk’s new plan to use current product lines as the basis for new affordable vehicles – rather than springing for all-new models – follows the playbook of Tesla’s old-school Detroit rivals, as some Tesla investors and analysts see it.
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Economy
Singapore’s growth trajectory remains intact and on track for faster growth in 2024
The Singapore economy is on track for faster growth in 2024, aided by resilient global demand for its exports and above-trend growth in tourism-related industries, according to the central bank.
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Insight
Indonesia adds a pinch of chili against the US dollar with rate hike
Indonesia has bolstered its credentials as an emerging market leader – at some potential cost. The country took a surprising step to shore up its faltering currency by raising interest rates, and foreshadowed the tough choices confronting Asian economies in coming weeks.
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Corporate News
Light at the end of the tunnel for Capital A
Shareholders of Capital A Bhd will be relieved that there is light at the end of the tunnel after two years holding shares in a Practice Note 17 (PN17) company.
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Markets
CMM seeks feedback on Sector Guides for ESG disclosures
Capital Markets Malaysia (CMM), an affiliate of the Securities Commission, has published a consultation paper and is inviting public feedback on the new Sector Guides to supplement its Simplified Environmental, Social, and Governance (ESG) Disclosure Guide (SEDG).
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Business
Are there too many GPs and is the healthcare system overwhelmed?
The Covid-19 pandemic that shook the world back in 2020 certainly shone a very bright spotlight on the healthcare system in every nation across the globe.