The Malaysian Pulse
Beat of the Nation
Thu, 17 Oct 2019, 8:48 PM
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Topic: Hong Kong

Free Malaysia Today:
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Port storage fees waived to clear containers with plastic waste
KUALA LUMPUR: Malaysia is negotiating with countries sending their plastic waste here to take back the trash.
The Edge Markets:
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Malaysia working to clear hundreds of plastic waste shipments at ports —...
KUALA LUMPUR (Oct 17): Malaysia is negotiating with countries sending their plastic waste to the Southeast Asian nation to take back the trash and is waiving storage fees to clear hundreds of containe...
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.
The Straits Times:
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Malaysia working to clear hundreds of plastic waste shipments at ports
KUALA LUMPUR (REUTERS) - Malaysia is negotiating with countries sending their plastic waste to the South-east Asian nation to take back the trash and is waiving storage fees to clear hundreds of conta...
Malay Mail:
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Officials: Malaysia working to clear hundreds of plastic waste shipments at ports
KUALA LUMPUR, Oct 17 — Malaysia is negotiating with countries sending their plastic waste to the South-east Asian nation to take back the trash and is waiving storage fees to clear hundreds of conta...
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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Stocks turn higher, pound rallies on Brexit deal
LONDON: US equity-index futures turned higher with European stocks on Thursday as a new Brexit deal was announced and investors digested a string of corporate...
Star TV:
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HK lawmakers dragged from chamber as leader heckled for second day
Pro-democracy lawmakers were dragged out of Hong Kong's legislature by security guards on Thursday after they heckled the city's pro-Beijing leader for a second day running, the latest outburst of pol...
The Edge Markets:
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Cover Story: High debt, shrinking cash flow hurting Boustead Holdings
THERE was a time when Boustead Holdings Bhd, with its sprawling interests, was seen as the local equivalent of the great “hongs” of Hong Kong’s yesteryears.
Malay Mail:
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Pound sinks as key ally rejects Johnson Brexit plan
HONG KONG, Oct 17 — Sterling tumbled today after Prime Minister Boris Johnson’s key ally in parliament said it “could not support” his plans for a Brexit deal, throwing a spanner in the works ...
The Star:
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Apple criticised for sending some browsing data to Tencent
Apple Inc recently came under fire for sending web browsing data, including IP addresses, to China’s Tencent Holdings Ltd, the latest criticism of how the company operates in the world’s most popu...
The Edge Markets:
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NTP 2019: Optimising the full potential of rail connectivity
KUALA LUMPUR (Oct 17): As roads become increasingly congested and carbon emissions rise with more cars getting on the road, there is a need to promote modal shift from road to rail.
The Star:
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Hong Kong protest demands are unrealistic, Singapore PM says
SINGAPORE: Protesters in Hong Kong are making unrealistic demands in an effort to take down the government, Singaporean Prime Minister Lee Hsien...
Star TV:
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Hong Kong human rights leader attacked by armed men
About five masked men wearing black and believed to be of non-Chinese origin attacked Civil Human Rights Front leader Jimmy Sham with hammers and knives in the Mongkok district in Hong Kong on Wednesd...
The Star:
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Hong Kong tycoons are US$3b richer on Lam’s housing policy
HONG KONG: In her annual policy address Wednesday, Hong Kong’s embattled leader Carrie Lam vowed to help citizens get on the property ladder.
e27:
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Alex Kong of TNG Fintech confirmed that the Hong Kong-based fintech startup had never realised its US$115M in Series A funding to Tranglo
The minority shareholders of a Malaysian fintech company, Tranglo Sdn Bhd (Tranglo) have filed an oppression suit against TNG Fintech Group Inc (TNG Fintech), which acquired its 60 per cent equity in ...
Free Malaysia Today:
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Tycoon Halim Saad makes biggest bid for PLUS
PETALING JAYA: Tycoon Halim Saad has made the highest bid to acquire the entire stake of Khazanah Nasional in highway concessionnaire PLUS Malaysia Berhad, according to reports citing a letter by the ...
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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Halim Saad and Wong make RM5.2bil offer to take over PLUS
PETALING JAYA: Businessman Tan Sri Halim Saad and Datuk Wong Gian Kui have joined the race to take over PLUS Malaysia Bhd (PMB) with a RM5.2bil offer.
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.
The Star:
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Southeast Asia's mobile payments face shakeout as market booms
HO CHI MINH CITY/HONG KONG/SINGAPORE: Just next to Ho Chi Minh City's financial district, two dozen street vendors' stalls display colourful adverts for...
The Star:
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Wall Street slips as weak economic data offsets earnings strength
NEW YORK:  Wall Street lost ground on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked buyers away from the equities market...
The Straits Times:
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Concern over foreign invasion, real estate bubble
Malaysia's plan to lower the minimum price at which foreigners are eligible to buy homes is meant to tackle the property glut, but analysts warn it could create a property bubble instead.
Malay Mail:
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Wall Street inches lower as trade concerns linger
WASHINGTON, Oct 17 — Wall Street edged lower yesterday, as concerns over an escalation in the US-China trade war and weak economic indicators persisted, while a raft of upbeat results underlined a s...
The Edge Markets:
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Ramada by Wyndham Meridin hotel in JB officially opens
JOHOR BAHRU (Oct 16): Mah Sing Group Bhd’s Ramada by Wyndham Meridin hotel here held its grand opening yesterday.
The Straits Times:
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Lower threshold price for foreign buyers may not fix Malaysia's property glut
KUALA LUMPUR - Malaysia's plan to lower the minimum price at which foreigners are eligible to buy homes is meant to tackle the property glut, but analysts warn it could create a property bubble instea...
e27:
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Also, Hong Kong-based on-demand space booking platform BOOQED raises US$1.68M in seed funding, and AI-powered customer lifecycle platform CleverTap completes US$35M in Series C funding
Crimson Education raises US$20M Series C funding to fuel expansion [Press Release] Crimson Education, a global edtech startup that offers personalised courses to help students get a spot in coveted u...
Tech in Asia:
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Edtech startup Crimson Education bags $20m in series C round
Crimson Education, a global edtech firm based out of New Zealand, bagged US$20 million in a series C round led by Hong Kong-based Chow Tai Fook Education Group, which injected US$10 million.
Malay Mail:
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Hong Kong banks to rollout support measure to small businesses, says central bank
HONG KONG, Oct 16 — Nine major banks in Hong Kong have agreed to adopt a number of measures to support small and medium enterprises in Hong Kong, the central bank said today, as four months of anti-...
The Edge Markets:
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Tech: WeWork fiasco and the growth-at-all-costs model
CORPORATE sagas often unfold excruciatingly slowly.
theSun:
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(Video) Alleycats were big in HK in 70s before finding stardom at home
BEFORE the likes of Yuna, Zee Avi and Mizz Nina made it big overseas, the Alleycats reigned supreme in Hong Kong in the 70s.
Malay Mail:
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Bursa Malaysia ends at day’s high amid gains on Wall Street
KUALA LUMPUR, Oct 16 — Bursa Malaysia ended firmly at the day’s high as regional markets were lifted by upbeat US corporate earnings and on hopes of a Brexit deal breakthrough, said a dealer.
Malay Mail:
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Hong Kong stocks close higher
HONG KONG, Oct 16 — Hong Kong shares closed higher today, in line with a rally across Asia and after shrugging off a mid-morning drop when the city’s leader was forced to briefly abandon a policy ...
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...
Star TV:
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Hong Kong policy address halted after heckling
Hong Kong leader Carrie Lam was forced to halt her annual policy address on Wednesday after some lawmakers disrupted the session, shouting and jeering "five demands, not one less" as Lam started her s...
The Edge Markets:
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Small is the next big thing for Giant
HONG Kong-based Dairy Farm International Holdings Ltd (DFI), which has closed many of its Giant and Cold Storage hypermarkets and supermarkets in Malaysia due to the difficult operating environment, h...
Fintech News Malaysia:
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Tranglo’s Minority Shareholders Sues Hong Kong Based “Unicorn” TNG Fintech Group
Minority shareholders of Malaysian based payments company Tranglo has filed an oppression suit against TNG Fintech Group which acquired 60% of equity in Tranglo from Ekuinas in October 2018.
Tech in Asia:
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Hong Kong’s TNG Fintech faces lawsuit over oppression
Minority shareholders of Malaysian fintech firm Tranglo filed an oppression suit against Hong Kong-based TNG Fintech Group, which acquired a 60% stake in Tranglo from private equity fund management co...
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.
Malay Mail:
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Australia seeks to ratify Hong Kong, Indonesia, Peru trade deals by year-end
SYDNEY, Oct 16 ― Australia's government introduced legislation today to ratify trade deals with Indonesia, Hong Kong and Peru, key planks of its push to boost the economy via new export opportunitie...
The Edge Markets:
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Controlling shareholder of Ekuinas' ex-investee sued for oppression
KUALA LUMPUR (Oct 16): Minority shareholders of Ekuiti Nasional Bhd's (Ekuinas) ex-investee Tranglo Sdn Bhd have filed an oppression suit against its major shareholder TNG Fintech Group Inc, alleging ...
The Star:
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Hong Kong will relax mortgage rules to help first-time home buyers
HONG KONG: Hong Kong’s Chief Executive Carrie Lam said the government will relax mortgage rules to help first-time home buyers break into the world’s least-affordable...
The Star:
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Embattled Hong Kong leader unveils measures to ease housing crunch
HONG KONG: Hong Kong leader Carrie Lam announced measures aimed at easing a housing shortage on Wednesday as she battles to restore confidence in her...
The Star:
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Business chamber says HK Act may have consequences for US businesses
THE American Chamber of Commerce in Hong Kong has expressed reservations on key provisions of the Hong Kong Human Rights and Democracy Act of 2019, saying...
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...
Malay Mail:
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Sterling's Brexit rally pauses, yuan falls on Hong Kong worries
TOKYO, Oct 16 ― The pound pulled back from its highest level in almost five months versus the dollar today, erasing some of the rally sparked by signs Britain is closing in on a deal to leave the Eu...
EdgeProp.my:
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Ramada by Wyndham Meridin hotel in JB officially opens
JOHOR BAHRU (Oct 16): Mah Sing Group Bhd’s Ramada by Wyndham Meridin hotel here held its grand opening yesterday.
e27:
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With this, ZEN's early investor Asia Internet Holdings, a a joint venture of Rocket Internet and Ooredoo Telecom, has exited
ZEN Rooms, an economy and mid-range hotel aggregator in Southeast Asia, has received an undisclosed sum in investment from Yanolja, a leading travel group in South Korea.
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 Star:
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PM: Higher land prices lead to higher property prices
KUALA LUMPUR: A higher price can be offered to Kampung Baru landowners but the properties developed there will eventually escalate to seemingly unaffordable levels, says Tun Dr Mahathir Mohamad.The Pr...
The Edge Markets:
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Asian Stocks to Track U.S. Higher; Treasuries Drop
(Oct 16): Asia stocks looked set to gain Wednesday after their U.S. peers touched four-week highs as earning season got underway.
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 Star:
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Malaysia down two rungs in global competitiveness
PETALING JAYA: Malaysia has slipped two notches in the global competitiveness ranking this year after being overtaken by Spain and the United Arab Emirates (UAE)...
The Straits Times:
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Singapore and its relations with a new South-east Asia
The day Singapore was separated from Malaysia in 1965 was for some the end of the idea of Malaya.
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...
The Edge Markets:
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EVENING 5: Five things you need to know today
Dirty dealings. Corporate battles.
Star TV:
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Hong Kong leader slams US senator for 'police state' remark
Hong Kong's leader on Tuesday hit back at a US senator who said the city is becoming a police state, a day after a massive rally called on Washington to punish Beijing over sliding freedoms in the int...
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...
Malay Mail:
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Hong Kong stocks end lower
HONG KONG, Oct 15 — Hong Kong shares closed with slight losses today following three days of gains, while investors were fretting over the limited scope and lack of detail in last week’s mini Chin...
Tech in Asia:
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Megvii says US ban to hit server supply, disturb IPO, but it’s ready to fight
This article is co-written by Coco Feng.
The Star:
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Gaming firms warn employees not to discuss politics after Blizzard’s suspension of HK gamer
Ban on competitor who expressed support for protests triggered storm of criticism amid growing concerns about Chinese influence.
The Star:
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Investors pour record US$735m into Singapore fintech deals
SINGAPORE: Investors poured a record $735 million into financial-technology ventures in Singapore in the first nine months of this year, according to research from...
Malay Mail:
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Govt needs to resolve property overhang to prevent crisis, says PM
KUALA LUMPUR, Oct 15 — The government lowered the price threshold for foreign house buyers in an urgent move to prevent the current property overhang from ballooning into a crisis, Tun Dr Mahathir e...
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...
The Star:
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Dr M: Lower rate offered to Kg Baru landowners to ensure property prices are affordable to Malays
KUALA LUMPUR: A higher price can be offered to Kampung Baru landowners for their plots, but that would mean their descendants might not be able to afford to...
SoyaCincau.com:
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Why in the world would you want to role-play as a Hong Kong protester?
Revolution of Our Times, a game that supposedly gives you the chance to role-play as a Hong Kong protester, has been removed from the Play Store by Google.
Star TV:
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Hong Kong protesters take violence to new 'life-threatening' level, say police
Violent pro-democracy protests in Hong Kong have escalated to a "life-threatening level", police said on Monday, after a small bomb exploded and a police officer was stabbed in clashes overnight.
Free Malaysia Today:
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I was critical of Forest City, not foreign homeownership, says Dr M
KUALA LUMPUR: Prime Minister Dr Mahathir Mohamad said today that he had criticised the Forest City development in Johor due to the nature of the project, not the prospect of foreign ownership.
Digital News Asia:
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StanChart aims to be a digital bank with a strong human touch
“WE EITHER work as a fintech, work with fintechs or create our own fintech,” said Standard Chartered group chief information officer Michael Gorriz (pic), who joined the bank in July 2015.
Tech in Asia:
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Indonesian P2P lender Finmas secures fintech license
Indonesian firm Finmas has officially obtained a business license as a fintech lending platform from the country’s Financial Services Authority (OJK). With its new status as a licensed P2P lending...
The Edge Markets:
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Opposition urges govt to maintain property threshold for foreigners at RM1 mil
KUALA LUMPUR (Oct 14): The opposition has urged the government to maintain the property threshold for foreigners at RM1 million and not reduce it to RM600,000 as announced in the 2020 Budget.
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 ...
Malay Mail:
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Bursa Malaysia ends on firm note across the board
KUALA LUMPUR, Oct 14 — Bursa Malaysia ended on a firm note across the board, tracking the gains on regional bourses, amid optimism on the latest round of the US-China trade negotiation, said a deale...
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 Star:
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Apple has a lot to lose if it crosses China's party bosses
Under pressure from China, Apple has removed a smartphone app that enabled Hong Kong protesters to track police.
The Star:
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KLCI rallies on partial US-China trade deal
KUALA LUMPUR: The FBM KLCI jumped in Monday morning trade as stocks climbed in the post-budget trading session.
Malay Mail:
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Bursa Malaysia remains firm at mid-day
KUALA LUMPUR, Oct 14 — Bursa Malaysia remained firm at mid-day today, in line with regional peers’ performance and optimism of the latest round US-China trade negotiation.
The Star:
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Li Ning world’s hottest sportswear firm after 200% stock surge
HONG KONG: The hottest sportswear brand in the world right now -- at least in the stock market -- is a Chinese firm founded by former Olympic gymnast Li Ning.
PaulTan.org:
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Buyer of PLUS must ensure 18% toll reduction – LGE
PLUS has been in the news a fair bit lately.
Star TV:
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'Lady Liberty' erected above Hong Kong
Hong Kong protesters placed a Lady Liberty statue on the city’s Lion’s Peak overlooking Hong Kong on Sunday, as clashes with riot police caused chaos.Read more at https://www.thestar.com.my/news/w...
theSun:
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China-US trade war has not affected Malaysia’s trade pacts: Saifuddin
KUANTAN: The ongoing trade war between China and the US has not affected Malaysia’s trade relationship with either party, according to Foreign Minister Datuk Saifuddin Abdullah (pix).
The Edge Markets:
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China-US trade war has not affected Malaysia's trade pacts – Saifuddin
KUANTAN (Oct 13): The ongoing trade war between China and the US has not affected Malaysia's trade relationship with either party, says Foreign Minister Datuk Saifuddin Abdullah.
Malay Mail:
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China-US trade war has not affected Malaysia’s trade pacts, says Saifuddin
KUANTAN, Oct 13 — The ongoing trade war between China and the US has not affected Malaysia’s trade relationship with either party, says Foreign Minister Datuk Saifuddin Abdullah.
e27:
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Developers and tech experts have innovated and created unique use cases for distributed ledgers beyond payments and finance
Blockchain technology has come a long way from being an afterthought of Bitcoin.
Free Malaysia Today:
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More HK property investors turning to Malaysia, Singapore amid unrest
KUALA LUMPUR: From luxury Singapore apartments to Malaysian seafront condos, Hong Kong investors are shifting cash into Southeast Asian property, demoralised by increasingly violent protests as well a...
Malay Mail:
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Property investors turn to Malaysia, SE Asia amid Hong Kong unrest
KUALA LUMPUR, Oct 13 — From luxury Singapore apartments to Malaysian seafront condos, Hong Kong investors are shifting cash into South-east Asian property, demoralised by increasingly violent protes...
e27:
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Despite its inherent challenges of market entry, the Asian ecosystem simply cannot be ignored
The blockchain ecosystem in Asia is a diverse and cutting-edge one, matching the region’s bustling and entrepreneurial activity in tech development, the high level of dynamism and adoption by consum...
Malay Mail:
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Blizzard says China not a factor in eSports winner ban
SAN FRANCISCO, Oct 12 — Gaming company Blizzard Entertainment said yesterday China had nothing to do with its decision to punish an eSports champion who voiced support for Hong Kong protestors, but ...
The Star:
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Are you retirement ready?
THE question most people ask is what would you do after retirement. different people have different aspirations. Some want to travel and others want to do charity work...
The Star:
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The ironies of democracy and freedom
There are two great ironies coming out of the current protests in Hong Kong.
The Star:
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Chinese luxury giant downgraded on liquidity concern
HONG KONG: Chinese luxury clothing giant Shandong Ruyi Technology Group Co.’s credit rating was cut deeper into junk by Moody’s Investors Service after the firm...
The Star:
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Lower threshold for foreign buyers
HOUSING – RM3.1bil> Lower threshold for foreign ownership from RM1mil to RM600,000 for high-rise property to reduce overhang.
The Star:
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Battle for PLUS likely to end soon
The takeover of PLUS Expressways Bhd is likely to end with the latest proposal announced by Finance Minister Lim Guan Eng in his Budget 2020 speech.
The Star:
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Revamping tax incentives to fight for FDI
AT a time when the battle for foreign direct investments (FDI) in the region has intensified and reached new heights, Malaysia is making a strategic move to step up...
The Straits Times:
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10 must-reads for today
Hong Kong protesters are debating whether to dial down the violence and destructive tactics amid fears that they risk alienating more moderate supporters.
Free Malaysia Today:
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Developers will hike up prices to woo foreigners, warns house buyers’ body
PETALING JAYA: A group representing house buyers today warned of the possibility of developers increasing prices to attract foreign buyers following the move to allow foreigners to buy homes costing R...
e27:
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WeWork India head asserts that there would be no impact on its operations in the country due to deferment of IPO of its US-based parent
Tokopedia projects to contribute US$12B to the Indonesian economy this year [KrAsia] Indonesian e-commerce unicorn Tokopedia will contribute IDR 170 trillion (USD 12 billion) to the Indonesian econom...
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