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Ringgit lower amid risk-off sentiment in crude oil market
KUALA LUMPUR: The ringgit extended its downtrend against the US dollar on Friday morning, as stronger greenback sentiment curbed risk appetite for the local currency, a dealer said. At 9am, the ringgit stood at 4.0520/0580 against the US dollar from
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Proton unveils four new SE models
KUALA LUMPUR: Proton Holdings Bhd (Proton) has unveiled four new special edition (SE) models in its line-up, namely, the Persona and Exora Black Edition, as well as Iriz and Saga R3 Limited Edition, priced at RM55,600, RM69,800, RM44,800 and RM53,700, respectively. During the
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MDV is top financier for green energy projects
PADANG TERAP: Malaysia Debt Ventures Bhd (MDV) has approved a total of RM912.4 million in financing for projects in the green energy sector, thus becoming the highest financier under the Green Technology Financing Scheme (GTFS) since its introduction in 2010. MDV chairman
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PM to launch MyDigital – Digital Economy Blueprint on Friday
PUTRAJAYA: Prime Minister Tan Sri Muhyiddin Yassin is set to launch MyDigital — the Malaysia Digital Economy Blueprint this Friday, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. MyDigital is a new and comprehensive approach to existing information and
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Singapore’s GDP contracts 5.4 pct in 2020, forecast for 2021 maintained
SINGAPORE: Singapore’s economy contracted by 5.4 per cent in 2020, a reversal from the 1.3 per cent growth in 2019, said the republic’s Ministry of Trade and Industry (MTI). For the fourth quarter of 2020, Singapore’s economy contracted by 2.4 per cent
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Foreign investors dispose of RM40.7 mln local equities last week
KUALA LUMPUR: Foreign investors disposed of RM40.7 million net of local equities during the second week of February 2021 compared to the RM117.5 million acquired in the preceding week. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said Bursa Malaysia started off the
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India to be biggest driver of global energy demand growth in next two decades
NEW DELHI: India will be the main driver of rising demand for energy over the next two decades, accounting for 25% of global growth, and is set to overtake the European Union as the world’s third-biggest energy consumer by 2030,
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Be smart shoppers this festive season, consumers told
KOTA KINABALU: Consumers need to be smart in managing finances by understanding the difference between needs and wants, especially when making purchases ahead of the Chinese New Year celebrations. Sabah West Coast Wise Consumers Association patron Datuk Amisah Yassin said consumers
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AirAsia’s private placement a move in the right direction
KUALA LUMPUR: AirAsia Group Bhd’s proposal to undertake a private placement of up to 20 per cent of its existing 3.34 billion shares is a step in the right direction for the company, said MIDF Amanah Investment Bank Bhd (MIDF). In a note today, it said
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Foreign investors withdrew RM535.5 mln net local equities last week
KUALA LUMPUR: Foreign investors withdrew RM535.5 million net of local equities during the third week of 2021 compared to the RM288.4 million sold in the preceding week. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said international investors started the week
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