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Public Bank soars as KLCI closes at three month high

KUALA LUMPUR: Late fund buying of Public Bank – sending it to a record close -- underpinned the FBM KLCI's advance on Thursday as it closed at a three month high of 1,810. At 5pm, the KLCI was up 12.76 points or 0.71%...

Geely beats Nissan, Honda in China as sales to top 2018 target

BEIJING: Geely Automobile Holdings Ltd. surpassed its top three Japanese rivals to become the third-largest carmaker in China, helped by models that appeal to the nation’s young consumers. Reporting a 54 percent jump in...

America’s booming economy brings a cost for global growth

HONG KONG: Making America great again isn’t proving so great for other parts of the world. With the rise in the dollar and interest rates already squeezing emerging economies just as President Donald Trump’s trade war...

Crypto trading firm rents world’s priciest offices, paper says

HONG KONG: A cryptocurrency trading platform co-founded by former Citigroup Inc. trader Arthur Hayes just rented the world’s most expensive offices, a Hong Kong newspaper reported. BitMEX leased the 45th floor of the ...

Sunway’s 1H18 falls below expectations, says Kenanga

KUALA LUMPUR: Kenanga Research has deemed Sunway Bhd 's 1H18 core net profit of RM262.2mil below expectations due to the recent disappointing performance of its construction division and weaker-than-expected billings fr...

Ringgit opens higher as Trump comments weigh on dollar

KUALA LUMPUR: The ringgit continued its positive momentum into today in opening higher against the US dollar and following a weakening of the greenback in the face of strengthening of oil prices. At 9 am, the local no...

New Perodua Myvi production disrupted due to supply issue

RAWANG: Production of Perusahaan Otomobil Kedua Sdn Bhd (Perodua) best-selling model, the new Myvi, has been temporarily halted due to a supply disruption.   In a statement, Perodua said the disruption at one of its ve...

CIMB Research retains hold for Telekom after Maxis broadband launch

KUALA LUMPUR: CIMB Equities Research is keeping its hold recommendation for Telekom Malaysia (TM) with a target price of RM3.55 after Maxis has just launched its revised Home Fibre Broadband plans. It said on Tuesday ...

Utusan shares tumble 16% after classified PN17

KUALA LUMPUR: Utusan Melayu (M) Bhd ’s shares tumbled almost 17% in early trade Tuesday after the company was classified as a  Practice Note 17 company.   At 9.23am, the shares fell 3.5 sen, or 16.67% to 17.4 sen with...

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....

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