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KL shares open on better note as political uncertainty subsides

KUALA LUMPUR: Bursa Malaysia opened on a better note today as uncertainty over the local political scenario has subsided after the Malay Rulers meeting yesterday. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.62 points to 1,496.26

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Maharashtra invites Tesla after Musk hints entry into India

Mumbai: India’s richest state Maharashtra has invited U.S. electric-car maker Tesla Inc, weeks after its Chief Executive Officer Elon Musk suggested entering the country next year. In a tweet here on Thursday, state tourism and environment minister Aaditya Thackeray said he and

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S. Korea to hold nationwide shopping festival in November

SEOUL: South Korea will hold a massive nationwide shopping festival involving major retailers, manufacturers and traditional markets in November to attract foreign tourists and boost domestic consumption, Yonhap News Agency reported organisers as saying Friday. The annual Korea Sale FESTA will

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1MDB: Singapore imposes life ban on BSI Bank’s former rep Swampillai

SINGAPORE: The Monetary Authority of Singapore (MAS) has issued lifetime Prohibition Orders (POs) against Kevin Michael Swampillai, a former representative and head of the Wealth Management Services Department of BSI Bank Ltd, Singapore Branch (BSIS). These POs were issued at

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1MDB Bond: Goldman Sachs Singapore to pay US$122 mln to Singapore government

SINGAPORE: Goldman Sachs Singapore Pte (GSSP) will pay US$122 million to the Singapore government for its role in the 1Malaysia Development Bhd (1MDB) bond offerings. This is according to a joint statement by the republic’s Commercial Affairs Department (CAD), the

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Bursa Malaysia flat amid mixed regional markets at opening

KUALA LUMPUR: Bursa Malaysia opened flat today amid mixed regional markets with volatility on Wall Street continued to be dominated by the unfinalised stimulus package. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) inched down 0.36 of-a-point to

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UOB encourages customers to use digital banking during CMCO

KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) is  encouraging customers to use its digital banking services such as the UOB Personal Internet Banking, UOB Mighty and UOB Business Internet Banking Plus to manage their banking and financial needs. The

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Ringgit rebounds to open higher against US dollar

KUALA LUMPUR: The ringgit rebounded to open higher versus the US dollar today, as the greenback retreated amidst uncertainties surrounding the country’s Covid-19 fiscal stimulus. Hopes of a United States (US) stimulus deal fuelled risk appetites, relegating the dollar to

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Budget 2021 includes focus on sustainability agenda – PM

KUALA LUMPUR: Prime Minister Tan Sri Muhyiddin Yassin (pix) said a special focus on sustainability agenda will be included in Budget 2021 with a very important announcement on it to be made this Nov 6. Describing the Covid-19 pandemic as

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KLCI bucks regional downtrend at opening as bargain-hunting kicks in

KUALA LUMPUR: Bursa Malaysia has bucked the regional downtrend to open firmer today, as bargain-hunting emerged following the recent losses. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.55 points, or 0.30 per cent to 1,518.50 from

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