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edotco scraps RM4bil plan to acquire Pakistan towers

KUALA LUMPUR: edotco Group Sdn Bhd's plans to acquire 13,000 towers from Pakistan Mobile Communications Ltd in Pakistan have been scuppered as certain regulatory approvals have not been received.

KLCI crosses key 1,800 as banks, telcos climb

KUALA LUMPUR: The FBM KLCI extended its gains for the second day on Friday, underpinned by gains in banks and telcos and sent the index beyond the key 1,800 level.

Telcos urged to invest more to remain competitive

PETALING JAYA: Malaysian telcos are being urged to ramp up their investment initiatives to remain competitive, or risk losing out in an industry that is rapidly progressing at a breakneck pace.

“I think telcos are investing, but they need to invest more,” Shahril(pic) told reporters on the sidelines at the World Bank’s “Public Policy in a Digital World” conference yesterday.

Apple celebrates new iPhone models as Asia suppliers suffer

TAIPEI: With a suite of new devices and a market value of US$1 trillion, Apple Inc has given its investors cause to celebrate. That’s not the case for a number of its suppliers in Taiwan which have suffered from stagnating shipment growth.

Apple’s focus on selling higher priced devices as well as content and accessories is leading to a boost in revenue and profit even as the number of iPhones it ships remains little changed.

Minimum standards for local pen testers?

PETALING JAYA: Bank Negara is likely to impose minimum standard qualifications on pen testers as a measure to enhance the rules on cyber security for lenders and other financial institutions, sources say.

Pen-testing, short for penetration testing is security enhancement, in layman terms.  In other words, what a pen-tester does is test, measure and improve security measures on IT systems and support areas at organisations.  In Malaysia, it is understood that pen-testing, an integral part of cyber-security, is done mostly by private firms, some of which may not have proper professional qualifications.

More caution returns to the market

REVIEW: As the third quarter of the year kicked off, rising turmoil in emerging markets amid the backdrop of an increasingly difficult global trade trade environment led to a sustained selldown in equities.