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Proton upbeat on sustained demand after SST

PETALING JAYA: Proton Edar Sdn Bhd, the distribution arm of local automotive manufacturer, Proton Holdings Bhd, is optimistic of maintaining a strong sales performance after the implementation of the Sales and Services T...

Axiata appoints Ghazzali as interim chairman

KUALA LUMPUR: Axiata Group Bhd  has appointed its senior independent non-executive director Tan Sri Ghazzali Sheikh Abdul Khalid as interim chairman effective Thursday, taking over the role left vacant by the departur...

Fed poised to raise US rates, but maybe not much further

JACKSON HOLE, Wyoming: Federal Reserve policymakers broadly agree that U.S. interest rates should rise further this year and next, despite U.S. President Donald Trump's displeasure with such a plan, two policymakers' com...

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...

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