Latest
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Corporate News
EPF is QL Resources major shareholder
PETALING JAYA: QL Resources Bhd hit a three-year intraday high yesterday after the Employees Provident Fund (EPF) emerged as a substantial shareholder in the company.
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Economy
Double boost to earnings
PETALING JAYA: Malaysians could well embark on a spending spree with money freed up at the Employees Provident Fund (EPF) with the launch of Account 3 and civil servants getting a 13% pay hike at the end of the year.
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Nation
Envoy: Visit by US Treasury ‘in spirit of partnership’
KUALA LUMPUR: The visit by officials of the US Treasury Department to Malaysia is very much in the spirit of partnership, says US ambassador to Malaysia Edgard D. Kagan.
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A Winning Factor
The Premiership run-in - a football saga of glory and drama
THERE are many ways a football team could spend £100mil (RM596mil) (or £200mil, RM1bil if you’re Chelsea) on a player.
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Corporate News
Court of Appeal rules in favour of SC in insider trading case
KUALA LUMPUR: The Court of Appeal has unanimously allowed the Securities Commission’s (SC) appeal and set aside a 2021 High Court decision which had acquitted former executive deputy chairman of Malaysian Merchant Marine Bhd (MMM) Datuk Ramesh Rajaratnam for insider trading.
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Auto
Proton sales climb 17.1% in April
PETALING JAYA: Proton Holdings Bhd registered sales of 11,025 units in April, a 17.1% increase over the year, on the back of increased domestic demand.
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Banking
Banks on track for modest loan growth
PETALING JAYA: The banking sector is on track to see modest loan growth this year based on latest statistics.
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Nation
Khaled: New ideas needed to address non-traditional security threats
KUALA LUMPUR: Significant investments in new ideas, efforts and resources are imperative to effectively address the challenges of non-traditional security threats, says Datuk Seri Mohamed Khaled Nordin.
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Metro News
Planning ahead for kids with autism to carry on
Preparing for eventualities a vital step to steer people with special needs in the right direction after caregivers die, says Nasom.
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Auto
Affordable segment to maintain momentum
PETALING JAYA: Although there was year-on-year growth in automobile sales for the first quarter (1Q24), analysts maintain their expectation that sales for the year will moderate from the all-time high of nearly 800,000 units in 2023.
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Economy
Inflation figures key for stock market trajectory
NEW YORK: Next week’s US inflation print looms as key for the trajectory of equities and wagers on US Federal Reserve (Fed) interest rate cuts, according to Morgan Stanley strategists.
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e-Commerce
M’sia records highest surge in Alipay spending
KUALA LUMPUR: Malaysia led globally with a remarkable 171% surge in Alipay spending among short-haul destinations in Asia, as the country remains a popular destination among mainland China travellers.Alipay’s data also showed a significant uptick in both outbound and inbound tourism spending in China during the 2024 Labour Day holiday.
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Corporate News
KKB secures RM37.9mil PETRONAS job
PETALING JAYA: KKB Engineering Bhd has received a letter of award from PETRONAS Dagangan Bhd for liquified petroleum gas cylinder fabrication and maintenance for PETRONAS worth RM37.9mil.
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Auto
Perodua eyes 79% export surge this year
KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) aims to boost exports by 79% to 1,960 units this year from 1,094 units in 2023 as the national carmaker seeks overseas market expansion.
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Corporate News
Favelle Favco wins contracts worth RM39mil
PETALING JAYA: Favelle Favco Bhd’s (FFB) subsidiaries, Favelle Favco Cranes (M) Sdn Bhd, Shanghai Favco Engineering Machinery Manufacturing Co Ltd and Favelle Favco Cranes Pty Ltd, have received contracts for the supply of offshore and tower cranes totalling RM39.2mil.
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Metro News
Skuad Kilat at the ready in Johor Baru
JOHOR Baru City Council’s (MBJB) special emergency response team is prepared at all times to face any natural disaster that may hit the city.
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Focus
A long-lasting love for gemstones
AT a prominent Shi’ite shrine in southern Teheran, Qasem Ashgari was buying yet another gemstone ring in the hope it would help his prayers to be answered promptly.
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Nation
WFH secondary to job security, young workers say
PETALING JAYA: Even as flexible working arrangements become increasingly popular among Malaysians, many say such arrangements are only a second priority to having a steady income and job.