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PETALING JAYA: Telecommunications companies (telcos), led by Telekom Malaysia Bhd (TM) and sister company Axiata Group Bhd, were the biggest drag on the stock market as investors continue to fret over their earnings outlook.
ABOUT two weeks ago, Telekom Malaysia Bhd (TM), the main Internet access provider, published a pricing structure for access on its website that seemed different from what the regulator had suggested earlier this year.
PETALING JAYA: The FBM KLCI broke below the psychologically important 1,700-point mark yesterday after uncertainties from the US-China trade war continued to dominate headlines. The benchmark index fell 17.43 points or 1.02% by the end of the day to close at 1,692.32 points.
PUTRAJAYA: Fixed broadband prices are expected to drop by at least 25% by year end in a move by the Pakatan Harapan government to fulfil its election manifesto pledge.