Latest
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Aviation
Passenger traffic at airports recovers in April
MIDF Research is keeping a cautious stance pertaining to the recovery of the aviation sector, while acknowledging several factors that have contributed to its post-lockdown resurgence.
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Corporate News
Uptick in production and new client to lift PIE Industrial
Analysts are upbeat about PIE Industrial Bhd’s growth prospects as it gets back on track following the anticipated pickup in production and potential acquisition of new client.
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Corporate News
Optimistic outlook for MPI on earnings uptrend
Analysts are generally optimistic about the outlook for Malaysian Pacific Industries Bhd (MPI), underpinned by a decent earnings recovery for the nine months ended March 31 and a strong exposure in the growing automotive semiconductor sector.
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Nation
M’sians face higher risk of NCDs, say experts
PETALING JAYA: Unhealthy diets, lifestyle choices and low health literacy have put Malaysians at higher risk of non-communicable diseases (NCDs), say experts.
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Corporate News
Gig workers in ride service industry in the limelight
Judges on California’s top court are considering if voters have the power to allow app-based services such as Uber and Lyft to classify drivers in the state as independent contractors rather than as employees with greater benefits.
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Markets
Investors seek cues from election shadow bets
Traders in India’s stock markets are turning to illegal election betting platforms for clues to combat the uncertainty facing citizens and markets alike regarding the outcome of a long general election.
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Economy
Exports rise but soft demand weighs on growth
apan’s exports rose for a fifth straight month in April, helped by a boost in value from the weak yen, government data show, but shipment volumes struggled as soft demand weighed on growth.
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Corporate News
Pixar cuts staff in retreat from streaming
Animation studio Pixar is laying off about 14% of its staff as the Disney-owned studio retreats from making content for streaming.
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Auto
Car sales likely to slow down
Despite a positive start to the year, experts are forecasting a slowdown in the automotive market’s total industry volume (TIV) in the coming months.
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Economy
US to sell off strategic petrol reserves in northeast
The US Department of Energy says that it will sell off a million barrels of petrol from a small strategic reserve in the northeast, paving the way for its closure.
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Technology
Altman says AI is ‘safe enough’ as scandals raise concerns
OpenAI chief executive officer Sam Altman defended his company’s artificial intelligence (AI) technology as safe for widespread use, as concerns mount over potential risks and lack of proper safeguards for ChatGPT-style AI systems.
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Corporate News
Kelington to ride on semiconductor sector upcycle
Kelington Group Bhd stands to benefit from any new upcycle of the semiconductor industry.
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Business
Half of mangrove ecosystems at risk
Half of the world’s mangrove ecosystems are at risk of collapse due to climate change, deforestation and pollution, according to a study published yesterday.
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Corporate News
Clock runs down on BHP’s US$43bil bid for Anglo American
BHP Group Ltd has just hours to launch a blockbuster bid to buy smaller mining rival Anglo American Plc, or put its audacious takeover plan on the shelf.
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Corporate News
Stronger 2H likely for KLK on robust FFB output
Analysts expect Kuala Lumpur Kepong Bhd (KLK) to post stronger second half-year results for the financial year 2024 (2H24), despite the group’s disappointing second quarter (2Q24) performance, which missed consensus expectations.
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Economy
EC official sees big private chip investment
The European Chips Act is on track to help attract more than €100bil (US$108.41bil) worth of private investment to the European semiconductor industry by 2030, a European Commission official says.
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Insight
‘Emerging markets’ outshine ‘global south’
At a recent conference, I was politely told off for using the term “emerging markets.” These days, I was informed, “we prefer” the “global south.” I complied with the advice but, on subsequent reflection, wished that I had pushed back.
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Aviation
Injured SIA passengers face varied compensation
Passengers injured by severe turbulence on a Singapore Airlines (SIA) flight on Tuesday are likely eligible for compensation, but the amount each receives could differ dramatically even for identical injuries due to an international treaty.
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Economy
Savings from fuel subsidies not expected to impact FDI or ringgit
The proposed removal of fuel subsidies is unlikely to impact the ringgit in any way unless it is used to rebalance investments, says leading economist Professor Geoffrey Williams.
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Commodities
Peru’s copper target is realistic, magnates say
The Peruvian government’s 2024 copper production goal of three million tonnes is realistic, senior industry executives say, as the country seeks to boost mining investments to help lift the economy out of recession.