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Markets
Wall St set to open lower as Meta Platforms, economic data weigh
U.S. stocks were poised to open sharply lower on Thursday, dragged down by growth stocks after dour quarterly results from Meta Platforms, while signs of persistent inflation dampened hopes of the Federal Reserve cutting interest rates anytime soon.
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Corporate News
Al-’Aqar REIT aims to acquire yield-accretive properties from KPJ Healthcare
KUALA LUMPUR: Al-’Aqar Healthcare Real Estate Investment Trust (Al-’Aqar REIT) is actively targeting to acquire yield-accretive properties from KPJ Healthcare Bhd as part of its asset expansion plan.
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SME
Samenta wants micro enterprises to be exempted from e-invoicing
KUALA LUMPUR: The Small and Medium Enterprises Association of Malaysia (Samenta) has asked the government to exempt small traders and micro enterprises from the upcoming e-invoice regime.
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Corporate News
Pantech seeks Main Market listing for subsidiaries via SPV
KUALA LUMPUR: Pantech Group Holdings Bhd is considering listing Pantech Stainless & Alloy Industries Sdn Bhd and Pantech Steel Industries Sdn Bhd on the Main Market of Bursa Malaysia via a special purpose vehicle (SPV).
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Corporate News
Inta Bina secures RM224.80mil contract for serviced apartment project
KUALA LUMPUR: Inta Bina Group Bhd’s wholly-owned subsidiary Inta Bina Sdn Bhd has been awarded a contract from Tropicana Metropark Sdn Bhd to construct and complete main building works for a serviced apartment project for RM224.80 million.
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Markets
UMediC transfers to Main Market
KUALA LUMPUR: The listing of the shares of UMediC Group Bhd will be transferred to the Main Market of Bursa Malaysia from the ACE Market under the “healthcare” sector on April 29.
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Forex
Ringgit closes marginally higher against US dollar
KUALA LUMPUR: The ringgit traded marginally higher at the close on Thursday against the US dollar ahead of first quarter gross domestic product (GDP) data in the United States later tonight.
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Aviation
AirAsia X mulls flying to Eastern Europe, London and Orlando
KUALA LUMPUR: As part of its continuing quest to add long-haul destinations to its routes over the long term, AirAsia X is exploring possible destinations in Eastern European countries such as Poland and Hungary, and the airline is not ruling out revisiting London and exercising its landing rights to Orlando in the United States.
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Corporate News
MKHOP posts RM16mil net profit in 2Q24
KUALA LUMPUR: MKH Oil Palm (East Kalimantan) Bhd’s (MKHOP) prospects for the rest of the financial year remain positive as crude palm oil (CPO) prices are expected to remain well-supported, according to non-independent non-executive chairman Tan Sri Chen Kooi Chiew @ Cheng Ngi Chong.
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Business
Gobind: Appointment of new DNB board members marks major milestone in 5G network restructuring
KUALA LUMPUR: The appointment of Digital Nasional Bhd’s (DNB) new board members marks a significant milestone as envisaged in the share subscription agreements (SSAs) signed on 5G network restructuring, said Digital Minister Gobind Singh Deo.
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Corporate News
Microsoft CEO Satya Nadella's visit to Malaysia scheduled on May 2
KUALA LUMPUR: Microsoft executive chairman and chief executive officer (CEO) Satya Nadella is scheduled to be in Malaysia on May 2 for the Microsoft event as part of his Southeast Asian tour.
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Corporate News
ViTrox optimistic on semiconductor sector growth
KUALA LUMPUR: ViTrox Corp Bhd is optimistic that the global semiconductor industry will pick up its momentum gradually in the coming quarters.
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Corporate News
Pavilion REIT’s 1Q net profit rises to RM83.2mil
KUALA LUMPUR: Pavilion Real Estate Investment Trust (Pavilion-REIT) will work to optimise efficiency by managing its expenses in response to the increased property operating costs.
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Corporate News
Martijn Rene van Keulen to helm Heineken Malaysia from July 1
KUALA LUMPUR: Heineken Malaysia Bhd nominates Martijn Rene van Keulen as managing director succeeding Roland Bala effective July 1.
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Corporate News
OCK proposed RM500mil ICP programme
KUALA LUMPUR: OCK Group Bhd has proposed to undertake the issuance of an Islamic commercial papers programme (ICP programme) based on the Shariah principal of Wakalah Bi Al-Istithmar.
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Markets
Profit-taking in the market, KLCI down 0.14%
KUALA LUMPUR: Despite opening higher at the start of the opening bell, the FBM KLCI succumbed to mild profit-taking activities after the recent gains.
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Business
EPF balancing between retirement mandate and supporting members' economic survival
KUALA LUMPUR: The Employees Provident Fund (EPF) is evolving, shifting from a traditional focus on savings for retirement to a delicate balancing act between ensuring adequate retirement savings and supporting the economic survival of their members.
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Forex
Asian stocks hit by US tech slide, FX subdued
THE Philippine peso and South Korean won led losses on Thursday among subdued Asian emerging currencies, while stock markets in the region fell after disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares.
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Telcos
CelcomDigi emphasises its significant role in protecting customers from AI-related risks
CYBERJAYA: CelcomDigi Bhd remains committed to safeguarding its customers by raising its security standards against the risk of emerging technologies, such as artificial intelligence (AI).
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Auto
China's largest auto show showcases all-electric future, local brands dominate
BEIJING: China's largest auto show opened in Beijing on Thursday with the biggest names showing off their latest electric vehicles (EVs), underlining how the world's largest auto market is already in an all-electric state of mind, and isn't looking back.