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TH posts RM1.3 bln profit in first nine months of 2019 amid restructuring process
KUALA LUMPUR: Lembaga Tabung Haji (TH) has demonstrated the seeds of recovery by registering a profit of RM1.3 billion for the first nine months of 2019, as a result of its restructuring exercise. Urusharta Jamaah Sdn Bhd (UJ) said for
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Malaysia’s labour productivity in Q4 2019 up 1.5%
PUTRAJAYA: Malaysia’s labour productivity in the fourth quarter of 2019 (Q4 2019), as measured by value added per hours worked, rose 1.5% compared to a growth of 2.6% in the third quarter 2019 (Q3 2019), the Department of Statistics Malaysia
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Touch ‘n’ Go top-up charges waived at Shell stations along PLUS, LPT
KUALA LUMPUR: Shell Malaysia has waived the 50 sen Touch ‘n Go top-up fee at all stations along the PLUS Expressways (NKVE and ELITE) and the East-Coast Expressways (LPT). Shell Malaysia Trading Sdn Bhd and Shell Timur Sdn Bhd managing
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Malaysia Airlines: Business class rates discounted by 40%
KUALA LUMPUR: Malaysia Airlines is offering a discount of up to 40% on Business Class fares for both domestic and international destinations. The special promotion starts from today and ends on March 2, for immediate travels up to Jan 31,
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APEC: Unpredictability is the biggest concern of world economies now
PUTRAJAYA: The Asia-Pacific Economic Cooperation (APEC) member economies are facing a different challenge today, compared to when the group was founded in 1989 with unpredictability emerging as the new norm. The International Trade and Industry Ministry’s deputy secretary-general Datuk Seri
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TH hotels to continue operating under UJPM
KUALA LUMPUR: The operations of four Lembaga Tabung Haji (TH) hotels which has been transferred to the Finance Ministry’s special purpose vehicle, Urusharta Jamaah Sdn Bhd (UJ), will continue under the new management without any downsizing. The entire management and staff of
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Proton unveils X70 CKD with 5 upgrades
KUALA LUMPUR: National carmaker Proton Holdings Bhd (Proton) today officially launched the X70 CKD (completely knocked down) version with five main upgrades. Upgrades related to the power train are a further refined 1.8-litre turbocharged direct injection (TGDi) petrol engine and
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BNM: 2019 GDP at 4.3%, affected by supply disruption in commodity sector
KUALA LUMPUR: Malaysia’s economy expanded by 3.6% in the fourth quarter of 2019, dragging the full-year Gross Domestic Product (GDP) growth to 4.3%, the lowest since the 2009 financial crisis amid supply disruptions in the commodity sector during the quarter.
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Bank Negara: External influence will affect ringgit
KUALA LUMPUR: Bank Negara Malaysia (BNM) governor Datuk Nor Shamsiah Mohd Yunus today said ringgit, which appreciated 1.1% against the US dollar last year, will continue to be influenced by external developments in 2020. While the Phase One trade deal between the United States and China
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Rubber production incentive activated for January 2020
KUALA LUMPUR: The Malaysian Rubber Board (LGM) says the Rubber Production Incentive has been activated for January 2020 for 440,000 rubber smallholders in Peninsular Malaysia, Sabah and Sarawak. In a statement, LGM said this follows the farmgate rubber price for the month at below
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