Latest
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Nation
Can’t wait for water woes to end
GEORGE TOWN: For years, some 30,000 consumer accounts in south Seberang Perai have been facing water problems as Penang’s primary water source is from Sungai Muda in the north along the Kedah border.
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Corporate News
Nomura targets 20% revenue growth from global markets business
Nomura Holdings Inc is targeting 20% revenue gains for its global markets unit over the next few years as the Japanese brokerage moves past the Archegos Capital Management scandal with new initiatives to spur growth, according to the business head.
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Corporate News
VinFast’s ambitions get mighty reality check
A 65% slide in VinFast Auto Ltd’s stock this year underlines the challenge faced by the electric vehicle (EV) maker backed by Vietnam’s richest man.
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Corporate News
CELEBRATING 50 YEARS OF ACCLAIM
FIFTY years ago, he was a child with a milk bottle in his mouth, clad in shorts, bustling around the office of the family’s old home.
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Nation
‘We could only watch helplessly’
KUALA LUMPUR: “We could only watch helplessly as he slowly faded away.”
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Nation
‘No change of stance on Palestine’
KUALA LUMPUR: There is no change to Malaysia’s stand regarding the conflict in Palestine despite questions over the participation of several defence companies that had allegedly supplied arms to the Israeli military, says Defence Minister Datuk Seri Khaled Nordin.
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Nation
DBKL told to keep tabs on the city’s ageing trees
KUALA LUMPUR: Kuala Lumpur City Hall (DBKL) has now been ordered to come up with new guidelines to manage the city’s ageing trees, even as an expert said that the tragedy in the city could have been averted if its roots had not been curtailed.
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Nation
Ayob Khan: Police need to always evolve to fight crime
KUALA LUMPUR: The rapid change in technology requires the police to constantly improve the capabilities of its personnel in combating crime, especially cybercrime and the abuse of new psychoactive substances (NPS), says Deputy Inspector-General of Police Datuk Seri Ayob Khan Mydin Pitchay.
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Corporate News
Disney, Comcast aim to resolve Hulu valuation
Walt Disney and Comcast are seeking to hire a financial adviser to resolve a dispute over how to value the 33% stake in streaming platform Hulu that the former will acquire from the latter, according to sources.
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Economy
Japan service activity extends gains on solid demand
Japanese service sector activity grew at the fastest pace in eight months in April, thanks to solid business and consumer spending, a private survey shows.
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Economy
Ministry and Mida ink human development deal
The Higher Education Ministry (MOHE) and the Malaysian Investment Development Authority (Mida) have tied up to align the education sector with the country’s evolving industrial needs.
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Corporate News
BAT to continue investment in vape brand
Earnings should bottom out this year for British-American Tobacco (Malaysia) Bhd (BAT), led by its value-for-money products and vape brand Vuse, which is expected to gain market share, according to CGS International (CGSI).
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Metro News
Sibu Hospital: Nursing home needed for patients with mental illness
A nursing home is needed in Sibu, Sarawak, to care for patients with mental illness, says Sibu Hospital psychiatric visitors board chairman Kapitan Peter Lau Ik Yang.
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Metro News
Greater JB agenda bolstering growth
JOHOR-BASED developers are seeing positive impacts and good growth prospects in the property market under the Greater Johor Baru (Greater JB) agenda.
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Technology
Microsoft readies new AI model to compete with Google, OpenAI
Microsoft is training a new, in-house artificial intelligence (AI) language model large enough to compete with those from Alphabet’s Google and OpenAI, The Information reports.
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Corporate News
Shell committed to Malaysia mobility ops
Global oil major Shell says it remains “committed to the mobility business” in Malaysia, after a report that it was in talks with Saudi Aramco to sell its petrol stations in the country.
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Corporate News
Princeton Digital gets green loan for Asia AI hub
Princeton Digital Group secured a US$280mil green loan to help finance a US$1.5bil data centre it’s building in southern Malaysia, a first for the Asian infrastructure operator as it aims to get that complex operational by June.
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Property
Prices of HDB resale flats climb in April
Prices of Housing and Development Board (HDB) resale flats climbed 0.9% in April, and more units were sold as the market picked up following a dip the month before.
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Corporate News
KLK takes swift action to address labour report
Kuala Lumpur Kepong Bhd (KLK) has temporarily suspended the arrival of 140 Nepali workers into Malaysia amid allegations of unethical recruitment practices.
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Corporate News
Dayang on course for strong performance this year
Dayang Enterprise Holdings Bhd’s earnings prospects are expected to remain solid, underpinned by strong work orders and better vessel utilisation.