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PMO: PLUS to slash toll rates in Feb but concession period extended for 20 years

PUCHONG: All highways owned by the North-South Expressway (PLUS) will reduce its toll rates by 18%, starting Feb 1. In a statement today, the Prime Minister’s Office (PMO) said the decision to reduce the toll rates was made in a

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E-Tunai: RM18.8 million spent in less than 48 hours

PUTRAJAYA: Within less than 48 hours since the commencement of the e-Tunai Rakyat programme, RM18.8 million has been spent, said Finance Minister Lim Guan Eng. The programme saw an impressive uptake by Malaysians, receiving 784,000 applications as of 10pm last

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Malaysians to be Prasarana, MAHB CEO

PUTRAJAYA: Both Prasarana Malaysia Bhd as well as Malaysia Airports Holdings Bhd (MAHB) will have a local as their top executive, said Transport Minister Anthony Loke Siew Fook. He said Prasarana and MAHB’s board of directors would submit the list

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China posts weakest growth in 29 years as trade war bites

China’s economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown. But

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Which company just hit US$1 trillion? Google it.

As Google-parent Alphabet Inc (GOOGL.O) became yesterday the fourth US company to top market value of more than US$1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock’s extraordinary gains.

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India summons Tony Fernandes in money laundering case

KUALA LUMPUR: AirAsia Group Bhd chief executive officer (CEO) Tan Sri Tony Fernandes has been summoned by an Indian law enforcement agency for questioning next Monday in connection with a money laundering case in 2018, according to Indian media reports.

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Malaysia Airlines offers more destinations in codeshare deal with Qatar Airways

KUALA LUMPUR: Malaysia Airlines is offering more seamless one-stop connectivity between Kuala Lumpur to several major cities in Europe through the expansion of its codeshare agreement with Qatar Airways, a partner airline in the oneworld alliance. All codeshare services will

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Oil dips on easing US-Iran tensions, eyes on China trade deal

Oil prices edged down today as fears of conflict between the US and Iran eased, although the decline was checked by the planned signing of an initial US-China trade deal this week, which could boost demand. Brent crude LCOc1 was

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Oil palm product exports rose 12 pct in 2019

KUALA LUMPUR: Malaysia’s oil palm product exports rose by 12% to 27.86 million tonnes in 2019, thanks to the aggressive promotional efforts by the Primary Industries Ministry and its agencies. In a statement, the Malaysian Palm Oil Board (MPOB) said

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APEC: Stronger cooperation essential to address regional challenges

KUALA LUMPUR: Stronger cooperation is essential for APEC as economies address inequality, environmental health and the digital economy, which are among the region’s critical challenges, said APEC Secretariat’s executive director, Tan Sri Dr Rebecca Sta Maria. The digital economy can

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