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Petroleum Royalty: PAKATAN HARAPAN PROPOSAL DOES NOT MAKE SENSE

Petroleum Royalty: Federal Government vs Producing States Posted on 20/08/2018 by DAH IKHWAN “They take 100% of the oil revenue from Terengganu, Kelantan, Sabah and Sarawak and give back just 5%. Then they give this mo...

RHB Bank shares fall 3.56% on Mubadala stake sale buzz

KUALA LUMPUR: RHB Bank Bhd fell over 3% in early trade on news that Mubadala Investment Co has sold off an estimated 3% of its stake in the bank.   The bank fell 3.56%, or 19 sen to RM51.15 in early trade, making it on...

Malaysia Airlines offers up to 40% discount on airfares

KUALA LUMPUR: Malaysia Airlines Bhd is offering up to 40 per cent discount to customers on air tickets to selected destinations during its first-ever Malaysia Airlines Travelicious Deals (MATD) between Aug 14 and Aug 20....

Bursa tracks rebound on Wall Street as lira shows recovery

KUALA LUMPUR: Bursa Malaysia showed promise in the opening minutes of Wednesday's session as it moved higher despite a continued slide in early Asian markets. Japan's Nikkei and Australia's ASX200 had failed to pick u...

75% of airports in Malaysia not commercially viable

KUALA LUMPUR: More than 75 per cent of airports in Malaysia are not commercially viable and are managed on a cross-subsidisation model to provide the Malaysian people with the required connectivity among its smaller town...

The word ‘secured’ has got billionaire Musk and Tesla into trouble

NEW YORK: Elon Musk on Monday explained what he meant by tweeting "funding secured" to take Tesla Inc private: he is confident a deal can be done but has not yet finalised a plan. What exactly Musk had intended by sayin...

Yong Tai stock remains deepy unvervalued, says PublicInvest

KUALA LUMPUR: PublicInvest Research believes the market should not be too perturbed by the near-term earnings-dilutive effects of Yong Tai Bhd 's early conversion of preference shares. Commenting on the resulting sha...

Ringgit seen to weaken against US$, Bursa trend higher next week

KUALA LUMPUR: The ringgit is likely to trend lower against the US dollar next week on continued downward pressure driven by external concerns, an analyst said. FXTM Global Head of Currency Strategy and Market Research J...

Saudi Arabia’s PIF has shown no interest in bankrolling US$72bil Tesla buyout

DUBAI/RIYADH/LONDON: Saudi Arabia's Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc CEO Elon Musk's proposed US$72 billion deal to take the U.S. electric car maker private, despite acquir...

Implications of the RM19.4bil shortfall

The immediate concern is the budget deficit for 2018 spikingto 4% if the GST refunds are made this year ON May 31, when Finance Minister Lim Guan Eng announced that the new government would be able to meet the budget de...

Protectionism versus liberalisation

PROTECTIONISM versus liberalisation. They’re as far from opposites as can be. The debate between these two points of view has always been robust. That is because it is easier to see life as opposing states. Things ...

Ringgit falls against US$ on weaker demand

KUALA LUMPUR: The ringgit was lower against the US dollar early Friday on weaker demand for the local note as investors adopted a guarded approach towards riskier assets. At 9.05 am (0105 gmt), the local unit stood at...

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