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KUALA LUMPUR: Malaysia’s blue chips closed lower on Friday, weighed down by selling of key stocks including Axiata and Maybank, as selling picked up pace, mirroring the weaker key regional markets.
GEORGE TOWN: PIE Industrial Bhd is investing over RM40mil for a new facility equipped with innovative cost-saving manufacturing processes in Seberang Jaya. Group managing director Alvin Mui told that the 60,000 sq ft plant, located on four acres, would be renovated soon.
THE decline of the ringgit is generally viewed as a problem for the economy but there are always two sides to the story.
GEORGE TOWN: Local electronic companies in Penang are projecting a strong year in view of the decline in oil prices, which is increasing the spending power of consumers.