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MAHB: Malaysia adds four new international flight routes to China and Indonesia
KUALA LUMPUR, June 25 — Malaysia strengthened its air connectivity with China and Indonesia through the launch of four new international services by Hainan Airlines, China Eastern Airlines, Wings Air and AirAsia, according to Malaysia Airports Holdings Bhd (MAHB). MAHB
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ASNB declares 5.50 sen per unit income distribution for ASB 3 Didik, highest in eight years
KUALA LUMPUR, June 25 — Amanah Saham Nasional Bhd (ASNB) has declared an income distribution of 5.50 sen per unit for its fixed-price fund, Amanah Saham Bumiputera 3 Didik (ASB 3 Didik), for the financial year ending June 30, 2026.
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China’s top auditor flags billions in tax evasion and illegal loans at state banks
BEIJING, June 25 — Two of China’s top state-owned banks, which are among the world’s largest financial institutions, have evaded billions of yuan in tax and issued illegal loans, according to the country’s national auditor. The Bank of China, one
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Lazada layoffs: E-commerce firm to cut 5pc of Southeast Asian workforce
SINGAPORE, June 24 — Regional e-commerce heavyweight Lazada will retrench 5 per cent of its Southeast Asian workforce, including in Singapore, as the company pivots toward a leaner operational model. A Lazada spokesperson confirmed on June 23 that the company
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Airbus orders urgent A380 wing inspections after cracks found
TOULOUSE, June 24 — Airbus on Tuesday said it would inspect 16 A380 planes, five of them immediately, after cracks were found in a key wing component on aircraft used by the Emirates and Qantas airlines. The European Union Aviation
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Can Jakarta dodge a devastating downgrade? MSCI set to decide Indonesia’s emerging markets status today
SINGAPORE, June 23 — Global index provider MSCI is poised to decide on Tuesday on whether Indonesia retains its emerging markets status or edges towards a downgrade, a move that could accelerate outflows from the world’s worst-performing stock market. The
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Meta bets on Indian startup head Kunal Shah to take charge of WhatsApp
MUMBAI, June 23 — Meta has tapped Indian fintech founder Kunal Shah as the new head of WhatsApp, as the US tech giant seeks ways to monetise the messaging app’s massive user base. The announcement, made Monday night, was accompanied
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SpaceX stock craters, hundreds of billions wiped out as AI scepticism hits Wall Street
HONG KONG, June 23 — Asian equities fluctuated Tuesday following a tech-led sell-off on Wall Street as investors again questioned a long-running AI-fuelled boom, while crude largely held losses that came on the back of positive US-Iran talks. While Washington
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Oil slides as sanctions waiver begins under US-Iran peace talks
NEW YORK, June 23 — Crude prices fell Monday after the US said it is temporarily lifting sanctions on Iran to allow it to export oil, while the Nasdaq retreated on concerns after AI investments by SpaceX and other tech
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Ringgit up versus the dollar as US-Iran sanctions waiver and fiscal reforms drive gains
KUALA LUMPUR, June 23 — The ringgit opened higher against the US dollar on Tuesday as peace negotiations in West Asia made progress, an analyst said. At 8 am, the local note improved to 4.1440/1505 against the greenback from 4.1465/1500
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