The Malaysian Pulse
Beat of the Nation
Thu, 17 Oct 2019, 9:34 PM
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Topic: Asian

The Edge Markets:
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S&P Global puts Malaysia’s banking sector in Group 4
KUALA LUMPUR (Oct 17): S&P Global Ratings has classified Malaysia’s banking sector as “Group 4” under its Banking Industry Country Risk Assessment.
The Star:
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KLCI closes off day low on Sime Plant, IOI Corp's gains
KUALA LUMPUR: Blue chips closed off their intra-day low on Thursday, underpinned by gains in Sime Plantation and IOI Corp as crude palm oil (CPO) prices inched up.
Malay Mail:
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Bursa Malaysia ends marginally lower in cautious trade
KUALA LUMPUR, Oct 17 — Bursa Malaysia ended marginally lower on cautious and range bound trade, in tandem with regional peers, following a lack of market catalysts, said a dealer.
The Star:
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KLCI dips on profit-taking at midday
KUALA LUMPUR: Investors turned to profit-taking on the domestic market after a brief advance in the early morning session, on the back of strong gains in the previous...
The Star:
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China reduces holdings of US Treasuries in August
WASHINGTON: China reduced its holdings of U.S. Treasuries to 1.1035 trillion U.S. dollars in August, the second consecutive month in which the holdings...
The Edge Markets:
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KLCI remains lacklustre in line with sombre regional markets
KUALA LUMPUR (Oct 17): The FBM KLCI remained lacklustre at mid-morning today in line with sombre regional markets.
The Edge Markets:
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KLCI dips on mild profit taking in line with tentative region
KUALA LUMPUR (Oct 17): The FBM KLCI dipped in early trade Thursday, on some mild profit taking in line with tentative regional markets.
The Star:
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M'sia can keep strong growth despite global tensions
KUALA LUMPUR: Malaysia’s well-diversified export base will help the economy maintain a relatively strong growth despite global trade tensions, Fitch Ratings says.
The Star:
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MEF: Govt should help bear maternity leave cost
PETALING JAYA: The government should share the burden of funding female employees’ maternity leave instead of passing this fully to the bosses when it raises...
The Edge Markets:
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Asia Stock Futures Mixed; Treasuries Advance
(Oct 17): Asian stocks were set for a mixed start Thursday as investors gauged a weak U.S. consumer report that triggered a rally in Treasuries.
Digital News Asia:
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Zalora partners FarEye to enhance shopping experience
ZALORA, an Asian online fashion destination partnered with FarEye - a SaaS platform for visibility, to improve its logistics operations and help Zalora achieve cost-effective deliveries.
The Star:
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Fund buying lifts KLCI nearly nine points at close
KUALA LUMPUR: Fund buying of key stocks Petronas Gas, IOI Corp, Hong Leong Bank and Digi underpinned the FBM KLCI advance on Wednesday, in line with the firmer...
theSun:
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Guessing game over India’s position on palm oil imports from Malaysia
KUALA LUMPUR: A recent news report on India wanting to reduce palm oil imports from Malaysia has stirred up a lot of anxiety and tension among industry players, especially smallholders.
Free Malaysia Today:
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Asian cities urged to include the poor in urban planning
PENANG: Urban planners in rapidly expanding Asian cities must involve the poorest residents in decision-making and include informal spaces if they are serious about tackling inequality, experts said.
Tech in Asia:
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Techstars alumni Booqed raises $1.7m from Colliers, others
Hong Kong-based startup Booqed has raised US$1.68 million in seed funding from Colliers, Techstars, and Lazard Korea to drive its product rollout, marketing, and hiring.
The Star:
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Fitch: Malaysia can keep relatively strong growth despite global tensions
KUALA LUMPUR: Malaysia's well-diversified export base will help the economy maintain a relatively strong growth despite global trade tensions, Fitch Ratings says.
The Star:
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Guessing game over India's position on palm oil imports from Malaysia
KUALA LUMPUR: A recent news report on India wanting to reduce palm oil imports from Malaysia has stirred up a lot of anxiety and tension among industry players...
The Edge Markets:
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KLCI trades in tight range as downward bias remains intact
KUALA LUMPUR (Oct 16): The FBM KLCI pared some of its gains at the midday break today, after having traded within a tight range in the morning session as the downward bias remained intact.
Malay Mail:
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Bursa Malaysia stays higher at mid-day
KUALA LUMPUR, Oct 16 ― Shares on Bursa Malaysia stayed higher at mid-day today in line with regional peers, as sentiment remained positive over the strong overnight performance of Wall Street and Eu...
The Star:
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KLCI tracks higher on optimistic US earnings
KUALA LUMPUR: Domestic stocks ticked up slightly as the start of the US corporate earnings started on a positive note and negotiations on an amicable Brexit showed...
The Edge Markets:
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KLCI pares gains but stays above support level of 1,550
KUALA LUMPUR (Oct 16): The FBM KLCI pared some of its gains at mid-morning today, remaining above its support level of 1,550.
Malay Mail:
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Tokyo stocks open higher helped by US rallies, cheap yen
TOKYO, Oct 16 ― Tokyo stocks opened higher today tracking rallies on Wall Street following a batch of strong corporate earnings, with a cheap yen against the dollar also supporting the Japanese mark...
The Edge Markets:
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KLCI gains 0.35% as Tenaga and Maybank lift
KUALA LUMPUR (Oct 16): The FBM KLCI gained 0.35% in early trade this morning, tracking the uptrend at regional markets, lifted by gains at index-linked heavyweights Tenaga Nasional Bhd and Malayan Ban...
Malay Mail:
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Asian shares cheered by Brexit deal hopes as sterling shines
SYDNEY, Oct 16 ― Asian shares took off today and sterling held near six-month highs as Britain and the EU made headway on a Brexit deal ahead of a leaders' summit though it remained unclear if Londo...
The Star:
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KLCI stages mild rebound, tracks firmer Asian markets
KUALA LUMPUR: Blue chips staged a mild rebound early Wednesday, underpinned by Petronas-linked stocks, as investor sentiment perked up following the firmer key Asian markets.
The Borneo Post:
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JCI Labuan wins Most Outstanding World Cleanup Day Project
Jefery (centre), National Executive Vice President Zyee Dullie (third left), National Vice President Cathy Molly Binti Albert (third right), National Vice President Jerry Teo (first right) with the aw...
The Star:
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Asian shares cheered by Brexit deal hopes, sterling shines
SYDNEY: Asian shares took off on Wednesday and sterling held near six-month highs as Britain and the EU made headway on a Brexit deal ahead of a leaders' summit...
The Star:
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VW postpones decision on US$1.4bil Turkey car plant
MUNICH: Volkswagen AG’s management board has decided to delay a decision on giving the go-ahead on a €1.3bil (US$1.4bil) car plant due to the political upheaval caused by the country’s military action in northern Syria.
The Star:
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Sinopec to reduce operations after freight rates soar
SINGAPORE: China’s biggest refiner plans to reduce operations from next month after a surge in the cost of shipping crude eroded margins, according to sources.
The Star:
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Hong Kong retail rents down sharply in the third quarter
HONG KONG: Retail rents in Hong Kong, among the most expensive in the world, fell sharply in the third quarter, property consultancy CBRE said following...
The Borneo Post:
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Four-metre king cobra wrestled from sewer in Thailand
A member of the rescue foundation attempting to capture a four-metre long king cobra in a sewer in Krabi.
Digital News Asia:
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Workana bets on Malaysia as springboard for growth
FREELANCE and gig economy marketplace platform Workana is confident that its move to set up its Asian headquarters in Kuala Lumpur will bear fruit in the near future, according to its co-founder Tomas...
Malay Mail:
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IMF trims 2019 China growth forecast as US tariffs bite
BEIJING, Oct 15 — The IMF trimmed its 2019 growth forecast for China today as the US trade war and weak demand at home take a toll on the world’s second-largest economy.
Malay Mail:
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Ringgit ends lower on concerns over US-China trade talks
KUALA LUMPUR, Oct 15 — The ringgit ended lower today as the markets brace for risk of deteriorating US-China trade negotiations.
Malay Mail:
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Bursa Malaysia ends lower on profit-taking
KUALA LUMPUR, Oct 15 — Bursa Malaysia ended lower, weighed down by profit-taking in selected heavyweight stocks and waning optimism over the latest round of the US-China trade negotiations, said a d...
The Star:
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Investors cautious on weak Chinese data, trade talks
KUALA LUMPUR: Key Asian markets including Bursa Malaysia ended mixed on Tuesday as investors stayed cautious due to the weak Chinese data and concerns...
EdgeProp.my:
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Property overhang has to be addressed: PM
KUALA LUMPUR (Oct 15): The move to reduce the price threshold for foreigners to purchase property announced in the 2020 Budget was meant to address property overhang in the country that if left unchec...
The Edge Markets:
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Higher land price may spell unaffordable Kampung Baru property prices — Dr...
KUALA LUMPUR (Oct 15): The government can offer a higher rate to Kampung Baru landowners for their plots but this would have implications on its development leading to higher and unaffordable property...
Malay Mail:
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Dr M: Higher land price may spell unaffordable Kampung Baru property prices
KUALA LUMPUR, Oct 15 ― The government can offer a higher rate to Kampung Baru landowners for their plots but this would have implications on its development leading to higher and unaffordable proper...
The Edge Markets:
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KLCI dips 0.14% as downward trend remains intact
KUALA LUMPUR (Oct 15): The FBM KLCI dipped 0.14% at the midday break today as the overall downward trend remained intact, against the backdrop of cautious regional markets.
Malay Mail:
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Bursa Malaysia in the red at mid-day
KUALA LUMPUR, Oct 15 — Bursa Malaysia remained in the red at mid-day today in line with regional peers, as optimism over the latest round US-China trade negotiations begins to fade.
Malay Mail:
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Asian markets edge up but caution keeps traders in check
HONG KONG, Oct 15 — Asian markets mostly rose but investor caution returned as the optimism fanned by Donald Trump’s much-vaunted China trade deal wore off, while the pound was boosted by a report...
Malay Mail:
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Bursa Malaysia remains easier at mid-morning
KUALA LUMPUR, Oct 15 — Bursa Malaysia remained easier at mid-morning, as investors took profit following significant gains yesterday and in tandem with regional peers, dealers said.
Tech in Asia:
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Korean edtech firm Mathpresso raises $14.5m to expand in Asia
South Korean edtech startup Mathpresso, the creator of AI-driven education app Qanda, has raised US$14.5 million in a series B round led by Legend Capital.
The Edge Markets:
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KLCI trends lower as underlying trend remains bearish
KUALA LUMPUR (Oct 15): The FBM KLCI trended lower at mid-morning today as the underlying trend remained bearish, against the backdrop of cautious regional markets.
The Edge Markets:
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KLCI drifts lower on mild profit taking, Petronas stocks and Tenaga weigh
KUALA LUMPUR (Oct 15): The FBM KLCI drifted lower in early trade on some mild profit taking activities as the underlying trend for the local index stayed bearish.
Malay Mail:
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Asian stocks make cautious gains ahead of key Brexit summit
TOKYO, Oct 15 — Asian stocks and Wall Street futures inched higher today as some investors held out hope that Britain still had a chance to avoid a messy exit from the European Union at key negotiat...
Malay Mail:
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Dollar loses steam vs yen as trade deal, Brexit hopes face reality check
SYDNEY, Oct 15 — The dollar hovered below 2-1/2-month highs against the yen today, failing to extend recent gains as optimism over trade negotiations between the world’s two largest economies and ...
The Star:
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Market awaits fresh catalysts to spur buying interest
KUALA LUMPUR: Blue chips were in the doldrums early Tuesday in the absence of strong fresh catalysts to spur buying interest.
The Star:
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Santos targets Asia LNG growth with Conoco deal
SYDNEY: Santos Ltd agreed to buy ConocoPhillips’ northern Australia business for US$1.4bil in a deal that will boost the Adelaide-based oil and gas producer’s...
Star TV:
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Dr M: Malaysia aims to be South-East Asia's Industry 4.0 hub
Malaysia is targeting to be an Industry 4.0 hub in South-East Asia to regain its status as an Asian Tiger.READ MORE: https://www.thestar.com.my/news/nation/2019/10/14/dr-m-malaysia-aims-to-be-south-ea...
Malay Mail:
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Pound resumes drop at start of key Brexit week
LONDON, Oct 14 — The British pound slid against the euro and dollar today, the start of a pivotal week for Britain and the European Union to strike a Brexit deal.
The Edge Markets:
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KLCI ends 0.69% higher as investors cheer Budget 2020, partial trade deal
KUALA LUMPUR (Oct 14): The FBM KLCI closed 10.75 points or 0.69% higher at 1,567.59 points on Monday, buoyed by positive sentiments brought on by the newly-announced Budget 2020 and progress of trade ...
The Star:
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AME shines on trading debut, Sime Plantation lifts KLCI
KUALA LUMPUR: AME Elite Consortium Bhd hogged the limelight during its trading debut on the Main Market on Monday while the positive key Asian markets also...
Malay Mail:
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Asian markets rally after China, US reach partial trade deal
HONG KONG, Oct 14 — Asian investors today cheered a partial trade deal between China and the United States, sending regional markets rallying, though observers were sceptical about the overall signi...
The Edge Markets:
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KLCI pares gains as technical signals stay bearish
KUALA LUMPUR (Oct 14): The FBM KLCI pared some of its gains at the midday break today as technical signals remained bearish at the local bourse.
Malay Mail:
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Asia relieved at latest trade truce, China data disappoints
SYDNEY, Oct 14 — Asian share markets firmed today as signs of progress in the Sino-US trade standoff whetted risk appetite, though investors were wary of the damage already done to the global econom...
Malay Mail:
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Bursa Malaysia remains on upside bias at mid-morning
KUALA LUMPUR, Oct 14 — Bursa Malaysia remained on an upside bias, as market participants were upbeat amid renewed optimism on the US-China trade deal, dealers said.
The Edge Markets:
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KLCI advances 0.74% after Budget announcement
KUALA LUMPUR (Oct 14): The FBM KLCI rose 0.74% at mid-morning in its firm post-Budget rally as well as improved regional sentiment on the progress of the US-China trade talks.
The Star:
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Women entrepreneurs set to be celebrated
PETALING JAYA: To promote and enhance women leadership in business, the Malaysia Chinese Women Entrepreneurs Association (MCWEA) is organising the Asian Women Entrepreneurs Forum next month.
The Edge Markets:
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KLCI rises 0.58% in post-Budget rally, progress in US-China trade talks
KUALA LUMPUR (Oct 14): The FBM KLCI rose 0.58% in early trade this morning in post-Budget rally as well on progress of US-China trade talks.
The Star:
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Blue chips jump on trade hopes, Asian markets up
KUALA LUMPUR: Blue chips rallied in early Monday trade, mirroring the optimistic key Asian markets on hopes of a US-China trade deal.
Malay Mail:
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Dollar holds near 2-1/2-mth yen high on US-China partial deal, pound stands tall
SYDNEY, Oct 14 — The dollar held near a 2 1/2-month high against the yen today after Washington and Beijing announced progress towards a trade deal, while sterling hovered near a three-month peak on...
Malay Mail:
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Asia shares cheered by Sino-US trade progress
SYDNEY, Oct 14 — Asian share markets pushed higher today as signs of progress in the Sino-US trade standoff whetted risk appetites, while pressuring safe-haven bonds and the yen.
The Edge Markets:
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Stocks in Asia to Advance After Trade Progress
(Oct 14): Asian stocks looked set to start the week with gains after signs of progress in U.S.-China trade negotiations lifted U.S. equities Friday and sent Treasury yields higher, though sentiment ma...
Malay Mail:
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Ringgit to trade at current levels next week
KUALA LUMPUR, Oct 12 — The ringgit is expected to trade at the current levels next week, amid mixed market sentiment, mostly influenced by external developments, particularly the US-China trade nego...
The Star:
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Rebound seen from oversold levels
REVIEW: The return of Chinese markets from their Golden Week holiday spurred some volume relative to the previous week, but investors were looking forward to the...
Malay Mail:
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Ringgit ends higher amid 2020 Budget announcement, weaker greenback
KUALA LUMPUR, Oct 11 — The ringgit continued its upward movement to close higher against the US dollar for the second consecutive day on increased buying support, as investors reacted positively to ...
Tech in Asia:
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Attaining and losing a billion-dollar market cap
This article is an excerpt from an episode of Startup Snapshot, a Tech in Asia podcast that features the leaders and innovators in the Asian startup scene, and discusses the highs and lows of their fo...
The Edge Markets:
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KLCI pares gains as investors await Budget 2020
KUALA LUMPUR (Oct 11): The FBM KLCI pared some of its gains at the midday break Friday, as domestic investors appeared to await more guidance from Budget 2020, which will be tabled later in the aftern...
The Edge Markets:
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KLCI gains 0.17% in tandem with regional advance
KUALA LUMPUR (Oct 11): The FBM KLCI gained 0.17% at mid-morning Friday, hours ahead of the tabling of Budget 2020 at Parliament, rising in tandem with regional markets.
The Edge Markets:
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KLCI gets off to muted start, Budget rally seen propping index
KUALA LUMPUR (Oct 11): The FBM KLCI got off to a muted start Friday, lifted by select index-linked blue chips, with an expected budget rally seen propping the KLCI.
Malay Mail:
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Asian shares firm as 'very good' trade talks boost risk appetite
SHANGHAI, Oct 11 — Asian shares and US stock futures rose today after US President Donald Trump said he would meet with China's top trade negotiator, while sterling retreated after rallying on reviv...
The Star:
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Asian shares firm as "very good" trade talks boost risk appetite
SHANGHAI: Asian shares and U.S. stock futures rose on Friday after U.S. President Donald Trump said he would meet with China's top trade negotiator, while sterling...
The Star:
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MISC leads KLCI higher, key markets advance
KUALA LUMPUR: Blue chips advanced in early Friday trade ahead of the Budget 2020 announcement while key Asian markets climbed on a more positive outlook for the...
The Star:
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Trading ideas: Cypark, MISC, Axiata, Careplus, WZ Satu
KUALA LUMPUR: JF Apex Research expects Cypark Resources Bhd, MISC Bhd, Axiata Group Bhd, Careplus Group Bhd and WZ Satu Bhd to be among the stocks to...
Free Malaysia Today:
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Oksana turns to Russian court to decide on father of her child
PETALING JAYA: The dispute over the biological father of Rihana Oksana Gorbatenko’s baby boy will be decided by a court in Moscow, where the judge could demand a DNA test conducted on Kelantan’s S...
The Edge Markets:
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Asia Stocks to Rise as Trade Talks Go Into Friday
(Oct 11): Asian stocks looked set to gain as high-level U.S.-China trade talks progressed into a second day and optimism grew that a truce can be achieved.
Malay Mail:
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Emerging market assets tread cautiously ahead of US-China trade talks
WASHINGTON, Oct 10 ― A soft dollar supported China's yuan and a swathe of emerging market currencies today after reports that Washington and Beijing may agree a partial trade deal, but investors wer...
Malay Mail:
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Ringgit ends higher than US dollar
KUALA LUMPUR, Oct 10 ― The ringgit recouped earlier losses to end higher against the US dollar today on renewed buying interest for the domestic unit, said a dealer.
Malay Mail:
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Michelin to close tyre factory in France
PARIS, Oct 10 ― Tyre maker Michelin said today it would close a French-based factory with 619 employees next year as competition from cheaper Asian manufacturers knocks its profit margin.
Malay Mail:
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Global stocks recover but disquiet over trade talks lingers
TOKYO, Oct 10 — Global stocks recouped early losses as news reports raised hopes that the United States and China would settle some economic disputes, but investors were kept on edge by an earlier r...
The Star:
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Navis Capital acquires durian exporter
PETALING JAYA: Private equity firm Navis Capital Partners has acquired Malaysian durian exporter, Hernan Corp, according to a media statement.
The Star:
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Credit Suisse considers return to US private banking
ZURICH: Credit Suisse Group AG is considering a return to US wealth management after a four-year absence as chief executive officer Tidjane Thiam seeks to boost...
The Star:
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Bank of China leads the way for Libor replacement
Hong Kong: One of China’s biggest lenders is marketing a new dollar note linked to a Libor replacement, as borrowers across the globe move away from the scandal-ridden pricing benchmar
The Edge Markets:
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Axiata is said to pause on M&A deals after Telenor talks flop
KUALA LUMPUR (Oct 10): Axiata Group Bhd will refrain from undertaking mergers and acquisitions in the near term as Malaysia’s biggest wireless carrier looks to improve its operations, people with kn...
The Star:
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Axiata to pause on M&A deals after Telenor talks flop
KUALA LUMPUR: Axiata Group Bhd. will refrain from undertaking mergers and acquisitions in the near term as Malaysia’s biggest wireless carrier looks to improve its...
The Star:
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Foundation for a better tomorrow
The Shared Prosperity Vision 2030 (SPV 2030) has 15 guiding principles ranging from continuous prosperity for everyone, being a learning society and an Asian economic...
Malay Mail:
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Asia markets rise as dealers nervously await start of trade talks
HONG KONG, Oct 10 — Asian markets rose today but investors moved cautiously as they sifted through conflicting reports about the outlook for upcoming China-US trade talks.
The Star:
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A vision for all Malaysians
A JUST, fair and inclusive distribution of the country’s economic wealth among all Malaysians – this is what the Shared Prosperity Vision 2030 (SPV 2030) is committed...
The Edge Markets:
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KLCI reverses loss as Tenaga and select blue chips lift
KUALA LUMPUR (Oct 10): The FBM KLCI reversed its loss at mid-morning as gains in Tenaga Nasional Bhd and select index-linked blue chips lifted it, but gains were seen capped ahead of the tabling of Bu...
Malay Mail:
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Stocks slide, safe assets gain on anxiety over trade talks
TOKYO, Oct 10 — Global stocks tumbled and the safe haven yen and Swiss franc gained in early Asian trade today, on signs Washington and Beijing were still wide apart on trade issues and were making ...
The Star:
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KLCI tracks US stock futures lower, Petronas counters lead decline
KUALA LUMPUR: The FBM KLCI was down in early morning trade as US stock futures plunged in after-hours trading on a report that the Chinese delegation might cut...
Malay Mail:
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US stock futures tumble on report of no progress in Sino-US talks
TOKYO, Oct 10 — US stock futures tumbled and the safe haven yen and the Swiss franc gained in early Asian trade today after a media report that the United States and China had made no progress in de...
Malaysiakini:
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Hundreds of black-clad activists chant 'Liberate Hong Kong' outside court
Hundreds of black-clad pro-democracy demonstrators outside Hong Kong’s High Court today chanted “Liberate Hong Kong, revolution of our times”, as a leading activist appeared to appeal a six-year...
The Edge Markets:
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KLCI finishes down 7.56 points as US-China spat escalates
KUALA LUMPUR (Oct 9): The FBM KLCI finished 7.56 points or 0.48% lower at 1,551.23 today as the broadening US-China dispute over trade and foreign policy weighed down world markets.
The Star:
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Banks, Tenaga push KLCI lower at close
KUALA LUMPUR: Bank stocks and Tenaga Nasional dragged the FBM KLCI deeper into the red at the close on Wednesday on continued selling pressure, in line with...
The Star:
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Gold holds firm as souring trade spat hurts risk appetite
BENGALURU: Gold prices on Wednesday held onto the previous session's gains, as sagging hopes for progress in U.S.-China trade negotiations sapped risk appetite, with...
The Star:
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Bank of China leads way for Libor successor in Asia bonds
HONG KONG: One of China’s biggest lenders is marketing a new dollar note linked to a Libor replacement, as borrowers across the globe move away from the...
e27:
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Investors all over the world are looking to further explore the cannabis market, and Southeastern Asia could be an excellent prospect
For decades, cannabis and related products had been legally banned throughout Southeastern Asia, including Thailand.
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