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Analysts: Malaysia will benefit from oil price rise

KUALA LUMPUR:  Malaysia is one of the few Asian countries that will benefit from the spike in oil prices in the aftermath of the attack on Saudi Arabia’s petroleum facilities that knocked out more than five percent of global supply

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Redzuan: SMEs needs to buck up with culture to succeed

KUALA LUMPUR: The small and medium enterprise sector needs to buck up with the culture to succeed and contribute up to 50 percent to the economy, said Entrepreneur Development Minister Datuk Seri Mohd Redzuan Yusof. “Appreciating culture is not new.

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US, China grant trade concessions ahead of talks

WASHINGTON/BEIJING: US President Donald Trump yesterday welcomed China’s decision to exempt some of US’ anti-cancer drugs and other goods from its tariffs and announced a delay to scheduled tariff hikes on billions worth of Chinese goods. Beijing’s exemptions and Washington’s

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Malaysia retail industry grew 4.5% in 2nd quarter 2019

KUALA LUMPUR: Malaysia’s retail industry reported a year-on-year (y-o-y) growth rate of 4.5% in retail sales in the second quarter of 2019, according to Retail Group Malaysia (RGM). In its September 2019 Retail Industry report, RGM said this latest quarterly

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India-China spat delays global trade matters

NEW DELHI: A spat between the world’s most populous countries is holding up a pan-Asian trade agreement encompassing nearly a third of all global trade. Trade ministers from 16 Asia-Pacific countries this week hailed a “critical milestone” after seven years

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KLCI rises in tandem with regional gains

KUALA LUMPUR: The FBM KLCI rose in early trade this morning, tracking the gains at regional markets, lifted by gains at select index-linked stocks including Petronas counters. At 9.05am, the FBM KLCI added 3.65 points to 1,599.50.  The early gainers

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Business class seats on ETS2 introduced by KTMB

KUALA LUMPUR: The Keretapi Tanah Melayu Berhad (KTMB) will introduce the business class seats for the Electric Train Service 2 (ETS2) next month. Its chief executive officer Mohd Rani Hisham Samsudin said the exclusive business class coach was one of

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Internet displeased: Only 1 woman on Forbes US 100 Most Innovative Leaders list

Forbes published a list of America’s 100 Most Innovative Leaders and included only one woman in the index. The internet is displeased. American business magazine Forbes found itself at the receiving end on the internet after it published a list

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Dollar drifts down as trade-deal progress

SINGAPORE: The dollar drifted lower on Tuesday as investor appetite for higher risk currencies found support on a report of German stimulus plans, diminishing chances of a no-deal Brexit and hopes of a breakthrough in the Sino-U.S. trade war. The

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KLCI opens lower amid end of Axiata Telenor merger

KUALA LUMPUR: The FBM KLCI opened down 13.97 points or 0.87% today before paring losses as investors evaluated the termination of the planned Axiata Group Bhd-Telenor ASA merger and US equities’ overnight performance. At 9am today, the KLCI opened at

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