Latest
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Plantations
CPO price has more room to rise next week
KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives will have more room to grow next week, driven mainly by the latest supply and demand data scheduled in the next few days.
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Business
MMC Corp awarded RM131mil contract
PETALING JAYA: MMC Corp BHD (MMC) has been awarded a RM131.4mil engineering, procurement, construction and commissioning (EPCC) contract from Petronas Gas Bhd.
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Business
India’s economy is sputtering, but its stock market powers ahead
MUMBAI: India’s economy may be faltering, but its US$2.1 trillion stock market has been powering to new highs as foreign investors pile into country’s shares, betting the worst may have already passed.
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Business
Eye On Stock: Rohas Tecnic
ROHAS Tecnic Bhd’s (stock code: 9741) rebound appears to be picking up steam going by the gradual improvement in the technical indicators, which was capped by Friday’s positive performance.
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Business
Trend stays bearish despite late week rally
REVIEW: The steady flux of rhetoric with regard to the Sino-US trade war is, somewhat surprisingly, yet to wear thin among investors as evidenced by the swift changes in sentiment seen of late.
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Business
Manulife expects uptick in demand for investment solutions
Manulife Investment Management (M) Bhd has announced a new branding and entity name of its business last month. The Manulife Asset Management brand has been changed to Manulife Investment Management.
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Business
Schroders leads the charge in sustainability
Sustainability is here to stay and will be incorporated in business decisions.
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Business
EPF i-Invest online platform: Benefits and impact on unit trust investors
“With great powers, comes great responsibility, ” so says one of the most thematic and often quoted lines by a well-loved character from Marvel’s Spiderman. Indeed, the initiative by the Employees Provident Fund (EPF) to allow its members to invest directly from their EPF funds into unit trust via the newly launched i-Invest online platform is an exciting prospect to say the least. Not only would this move offer greater convenience for members to grow their wealth, but also unparalleled access to tap into a set of diverse funds.
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Business
Building trust and integrity
Over dinner on Nov 11, my daughter-in-law from China was eating quietly with her eyes and fingers glued to her new iPhone 11. Elsie was one of the six million shoppers watching a live streaming of Austin Li Jiaqi, a Key Opinion Leader (KOL) and a life streamer on Taobao Live, selling beauty products.
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Business
A tale of two listings
There were two major listings that would likely have different repercussion on the region and Malaysia in the last two weeks.
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Corporate News
Corporates remain in earnings recession
AMONG the comments that were made at the of second quarter earnings season ended three months ago is that we have probably seen the worse in terms of earnings disappointment and investors should see better performance among our corporates going forward.
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Business
MISC wins RM1bil jobs
PETALING JAYA: Liquified natural gas (LNG) carrier MISC Bhd has secured three long-term charter contracts amounting to US$245mil (RM1.02bil).
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Business
Bank Negara foreign reserves remain at US$103.2bil
KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves remained unchanged for three straight periods at US$103.2bil as at Nov 29 from Oct 31.
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Corporate News
Magnum unit gets RM144mil tax notice from IRB
PETALING JAYA: Multi-Purpose International Ltd (MPIL), a wholly-owned Labuan company of Magnum Bhd, has received notice from the Inland Revenue Board for past taxes totalling RM144mil.
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Business
Petrofac considers offshore oil asset sale in Malaysia
KUALA LUMPUR: Petrofac Ltd, the UK-listed oilfield service provider, is weighing a sale of its Malaysian assets for about US$300mil, according to people with knowledge of the matter.
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Business
Mining for cash
IN July, a nondescript article from an online portal touched on a big issue – that the government was looking to exploit Malaysia’s treasure trove of mineral reserves.
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Business
Sime Darby Plantation board approves sale of Liberian ops
KUALA LUMPUR: Sime Darby Plantation Bhd (SDP) said its board of directors has approved the company’s divestment of its entire 100% stake in Sime Darby Plantation Liberia Inc (SDPL) to Mano Palm Oil Industries (MPOI).
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Business
Are consumers ready to switch to virtual banks?
2020 is set to be the year of virtual banking in Malaysia. This comes as the market awaits the highly anticipated release of Bank Negara’s virtual banking licensing framework, which is slated to be announced sometime this month.
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Corporate News
Light at the end of tunnel for gloves sector
MALAYSIA’s rubber gloves sector, which boasts some of the world’s largest manufacturers, sees light at the end of the tunnel.
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Energy
PetChem ready to get back into the game
DURING an ongoing economic slowdown which has seen petrochemical players producing lacklustre results on depressing margins, Petronas Chemicals Group Bhd has been gearing up its battle machines.