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Markets
Trading in Awanbiru shares to be suspended april 26
KUALA LUMPUR: Trading in the securities of Awanbiru Technology Bhd will be suspended effective April 26, 2024, as it has failed to comply with the conditions imposed by Bursa Malaysia.
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Forex
Ringgit continues to close higher against US dollar
KUALA LUMPUR: The ringgit continued to close higher versus the US dollar on Thursday in tandem with the 0.1 per cent decline in the US Dollar Index (DXY) to 105.845 points, said an analyst.
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Banking
RHB expands sustainable financial services target to RM50bil by 2026
KUALA LUMPUR: RHB Bank Bhd has increased its 2026 sustainable financial services target to RM50 billion from RM20 billion previously following strong achievements to date.
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Corporate News
Astaka awards Kimlun with RM150mil construction contract
KUALA LUMPUR: Singapore-listed Astaka Holdings Limited has awarded a RM150mil construction contract to Kimlun Sdn Bhd, a subsidiary of Kimlun Corp Bhd.
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Corporate News
Yinson GreenTech, Eastern Pacific Shipping team up for greener shipping industry
SINGAPORE: Yinson Holdings Bhd’s green technologies business unit, Yinson GreenTech (YGT) has signed a Letter of Intent (LOI) with Eastern Pacific Shipping (EPS) to collaborate towards cleaner and more sustainable maritime operations in Singapore.
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Banking
Affin launches cashless initiative for Lembaga Muzium Negeri Terengganu
KUALA LUMPUR: Affin Group has launched a cashless initiative tailored for Lembaga Muzium Negeri Terengganu, aiming to digitalise the ticketing process and provide added convenience to museum visitors.
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Corporate News
DC Healthcare expands footprint in major cities of Malaysia
KUALA LUMPUR: DC Healthcare Holdings Bhd opened new Dr. Chong Clinic and DC Body locations in KL Publika Shopping Gallery, and DC Body in Johor Bahru Bukit Indah, expanding its presence nationwide.
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Corporate News
Pansar gets RM269mil water treatment plant contract
PETALING JAYA: Pansar Bhd has received a letter of award from Lembaga Air Sibu, Sarawak for the upgrading of a water treatment plant in Salim, Sibu, worth RM269.1mil, via open tender.
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Corporate News
7-Eleven Malaysia declares 2.7 sen per share dividend for FY23
KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd (SEM) has declared an interim single-tier dividend of 2.7 sen per ordinary share for the financial year ended Dec 31, 2023 (FY23).
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Corporate News
AWC gets Hospital Kapar plumbing job worth RM17.8mil
PETALING JAYA: AWC Bhd’s wholly-owned subsidiary, Qudotech Sdn Bhd, has accepted a letter of award worth RM17.8mil from IJM Construction Sdn Bhd for plumbing works at Hospital Kapar, Selangor.
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Corporate News
Systech gets shareholders’ nod to proceed with capital exercise
KUALA LUMPUR: Information technology (IT) solutions company Systech Bhd forges ahead with its transformation plan as the company received shareholders’ nod for its capital exercise proposals at its extraordinary general meeting (EGM) today.
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Markets
Bursa Malaysia tracks Asian markets higher
KUALA LUMPUR: The FBM KLCI tracked other Asian markets higher on Thursday, buoyed by gains in banking stocks, YTL Power and QL Resources.
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Banking
China to keep interest rates at appropriate levels
BEIJING: China will keep interest rates at appropriate levels but also prevent rates from becoming too low, said Zou Lan, head of the monetary policy department at China's central bank.
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Commodities
Gold shines as Middle East tensions offset easing US rate-cut bets
GOLD prices climbed on Thursday, as risks of a widening Middle East conflict raised bullion's safe-haven appeal, overshadowing pressures from prospects of higher-for-longer U.S. interest rates.
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Personal Finance
Malaysian millennials lead as most financially literate generation
KUALA LUMPUR: Millennials in Malaysia are the most financially resilient generation, according to Sun Life’s inaugural “Asia Financial Resilience Index -Malaysia”.
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Energy
Oil stabilises after sharp drop on demand concerns, easing of Middle East tension
NEW DELHI: Oil prices were little changed after a 3% drop in the previous session as the market remains concerned about demand this year and on signs that a wider conflict in the key Middle East producing region could be avoided.
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Economy
China to keep expanding market access
CHINA will step up its efforts to align with high-standard international economic and trade rules, continue to expand market access, and implement measures to ensure national treatment for foreign-funded enterprises, Premier Li Qiang said on Wednesday in Guangzhou, Guangdong province.
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Markets
Asia stocks bounce as soaring dollar pauses
SINGAPORE: Asian stocks made their biggest gains in a month on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook.
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Corporate News
TSMC's first quarter profit rises 9%, beats forecasts
TAIPEI: Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications.
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Forex
Asia FX gains on respite from dollar strength, equities rally
ASIAN emerging market currencies recovered some lost ground on Thursday, with the South Korean won gaining the most, as the greenback consolidated gains with investors slowly adapting to expectations of U.S. interest rates staying higher for longer.