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Sony to shut a Malaysia factory, consolidate facilities
KUALA LUMPUR: Sony Corp will close a factory in Malaysia next year to consolidate its operations in its other plant in the state for efficiency, the Japanese electronics giant said on Saturday. The company told Reuters in an email to
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Ringgit opens 120 basis point higher on firmer oil prices
KUALA LUMPUR: The ringgit opened higher against the US dollar for the third consecutive day, riding on the firmer crude oil prices fuelled by the Organisation of the Petroleum Exporting Countries+’s (OPEC+) production decision. At 9.01am, the local unit was traded
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Bursa Malaysia eases back on profit-taking
KUALA LUMPUR: Bursa Malaysia was lower in early trade Friday following another round of profit-taking activities after a record high yesterday. At 9.12am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 3.42 points to 1,624.84 with financial and healthcare
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Ringgit opens marginally firmer amidst improved oil prices
KUALA LUMPUR: The ringgit continued yesterday’s gains to open marginally firmer against the US dollar today amidst improved crude oil prices. At 9.01am, the local note was quoted at 4.0710/0760 versus the greenback from 4.0750/0780 at Wednesday’s close. At the
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Bursa Malaysia rebounds mildly in early trade Thursday
KUALA LUMPUR: Bursa Malaysia managed to rebound mildly at Thursday’s opening from yesterday’s marginal weakness, amid improvements in oil prices and fresh optimism over vaccine progress. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.44 point to
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Solid PMI in Asia drives Ringgit higher by 70 basis-point at opening
KUALA LUMPUR: The ringgit reversed recent losses to open firmer against the US dollar today, as it tracked other Asian currencies’ gains, lifted by a solid November manufacturing Purchasing Managers’ Index (PMIs) in the region, along with stimulus and Covid-19
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Bursa Malaysia retreats, led by energy, plantation countries
KUALA LUMPUR: Bursa Malaysia retreated from the 1,600 level as investors looked for profits after recording 2.5 per cent gains yesterday. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 7.96 points to 1,594.30, dragged mainly by weaknesses
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Global shares rest after ‘awesome’ month, China factories speed up
SYDNEY: World shares paused to assess a record-busting month on Monday as the prospect of a vaccine-driven economic recovery next year and yet more free money from central banks eclipsed immediate concerns about the coronavirus pandemic. Helping sentiment was a
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Ringgit opens slightly higher on continued US dollar weakness
KUALA LUMPUR: The ringgit opened slightly firmer against the US dollar today, benefiting from the continued greenback weakness and potential extension of the Organisation of the Petroleum Exporting Countries’ (OPEC) output cut. At 9.01am, the local note was traded at
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Ringgit opens slightly higher against US dollar
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today amid the firmer crude oil prices and weaker performance of the greenback, dealers said. At 9.00am, the local currency stood at 4.0845/0875 against the greenback compared with Tuesday’s
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