Latest
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Economy
China seen leaving benchmark lending rates unchanged in March
SHANGHAI/SINGAPORE: China is widely expected to leave benchmark lending rates unchanged on Wednesday, a Reuters survey showed, as the central bank kept a key policy rate steady last week at a time when the broad economy is starting to show some signs of improvement.
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Forex
Ringgit a top performer in region since govt coordination measures implemented - Amir Hamzah
KUALA LUMPUR: The ringgit was in first place compared to nine other regional countries since the coordination measures among the government, Bank Negara Malaysia (BNM), government-linked investment companies (GLICs) and government-linked companies (GLCs) were implemented on Feb 26, 2024.
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Corporate News
Ecoscience to construct 'TG2 black pellet' plant in Kuantan
KUALA LUMPUR: Ecoscience International Bhd via its wholly-owned subsidiary Ecoscience Manufacturing & Engineering Sdn Bhd (EMESB) is collaborating with Maatschappij Wilhelmina NV for the engineering, procurement and construction (EPC) of a TG2 black pellet plant in Gebeng Fasa industrial area III in Sungai Karang, Kuantan.
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Markets
KLCI pares losses headed into lunch break
KUALA LUMPUR: The FBM KLCI remained in the red as it entered the lunch break, although it had pared losses from earlier in the day amid the ongoing consolidation.
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Economy
Australia's central bank holds rates as expected, waters down tightening bias
SYDNEY: Australia's central bank held interest rates steady on Tuesday and watered down its tightening bias, signalling greater confidence that inflation is moving back to its target as the economy slows.
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Economy
Bank of Japan ends negative rates, closing era of radical policy
TOKYO: The Bank of Japan ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus.
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Corporate News
YTL Power creates advanced supercomputer to meet demand for cloud-based solutions
KUALA LUMPUR: YTL Power International Bhd has announced the formation of YTL AI Cloud, a "specialised provider of massive-scale GPU-based accelerated computing".
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Forex
Ringgit opens weaker vs US$ on lack of buying interest
KUALA LUMPUR: The ringgit opened lower against the US dollar today due to the lack of buying interest, as cautious sentiments surrounding the Bank of Japan’s (BoJ) monetary policy decision continued to prevail.
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Stock on the Move
Apollo Food's profits propel share price to all-time high
KUALA LUMPUR: Apollo Food Holdings Bhd's trading stock was bought up to record-high levels in Tuesday trading following a surge in the confectionery maker's profits in the third quarter of its financial year.
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Markets
Volatile start on Bursa Malaysia
KUALA LUMPUR: Bursa Malaysia started on a volatile note following a a flattish performance in the previous session.
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Analyst Reports
Trading ideas: MAHB, Apollo, Magni-Tech, JAG, Epicon, Itmax, Ge-Shen, Globaltec, GFM, New Hoong Fatt and SBH Marine
KUALA LUMPUR: Recent news headlines were made by MAHB, Apollo, Magni-Tech, JAG, Epicon, Itmax, Ge-Shen, Globaltec, GFM, New Hoong Fatt and SBH Marine, according to a report compiled by Malacca Securities Research
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Markets
World shares cheer China data, as central banks line up
NEW YORK/LONDON: Global stocks rose on Monday while Treasury yields crept higher ahead of this week's raft of central bank meetings that could end subzero interest rates in Japan and set a blueprint for U.S. rate cuts this year.
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Commodities
MinRes to develop Goldfields lithium processing hub
MELBOURNE: Australia’s Mineral Resources (MinRes) says it intends to develop a lithium processing hub in the Goldfields region of Western Australia after its buyout of Poseidon Nickel’s Lake Johnston nickel concentrator plant and mining rights.
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Technology
It’s not impossible to ban EVs and solar panels
IN a world riven by great-power conflict, economic decoupling, high inflation, and worries that the interests of capital are being put ahead of workers, an obvious enemy can emerge: technology.
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Economy
Abu Dhabi wants to be among global biggest financial centres
LONDON: Abu Dhabi officials are quietly orchestrating a fresh package of perks they hope will help propel the city up the ranks of the world’s biggest financial centres, from helping traders obtain coveted school admissions for their children to assisting them with securing memberships at country clubs.
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Markets
Markets moving to tune of inflation, interest rates
SINGAPORE: Getting from 9% to 3% is easier than getting from 3% to 2%. And this reality is rattling markets as sticky inflation numbers keep investors guessing the central banks’ next move on interest rates.
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Markets
Vietnam investors show strong interest in dividends at shareholder meetings
HANOI: Investors are now eagerly seeking information on companies’ dividends during the annual shareholders’ meetings.
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STARPICKS
HELPING BUSINESSES SCALE AND GROW WITH TECH
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Corporate News
Biden’s industrial policy is politics by another name
PRESIDENT Joe Biden signalled last week that his administration will oppose Nippon Steel’s proposed purchase of US Steel. As a matter of electoral politics, it’s easy enough to understand.
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Corporate News
Exxon chief goes on the offensive
HOUSTON: After coming under attack from both environmentalists and investors in the first half of his seven-year tenure at the helm of Exxon Mobil Corp, Darren Woods is on the offensive.