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Saudi Aramco hits new low on US-Iran tensions
Shares of Saudi Aramco opened at 34 riyals (US$9.06) today, their lowest level since the oil giant began trading on December 11, after Iran launched missiles on US targets in Iraq. At 0740 GMT, Aramco had recovered to 34.15 shares,
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All 30 FBM KLCI counters in the red as tensions In Middle East rise
KUALA LUMPUR: The local stock market took a direct hit from the escalating tension in the Middle East with all index were pushed into the red at early trade. All top 30 counters on FTSE Bursa Malaysia KLCI (FBM KLCI)
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Perodua launches 2020 Bezza, expects to sell 4k units per month
KUALA LUMPUR: Perodua has launched the latest version of 2020 Bezza today, with 4,000 units expected to be sold monthly on average. By the end of this month, 5,600 units are expected to be delivered to buyers. Perodua president and
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Petronas legal challenge over RM1.3bil SST to be heard in Kuching
The High Court in Kuching will hear the legal challenge brought by Petroliam Nasional Berhad (Petronas) to quash the Notices of Assessment issued by Sarawak government to the company to pay over RM1.3 billion in State Sales Tax (SST). This
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Oil tumbles as investors rethink Mideast disruption risk
Oil prices today surrendered some gains made over the previous two days as investors reconsidered the likelihood of Middle East supply disruptions in the wake of the United States killing a top Iranian military commander. Brent crude LCOc1 fell as
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Duterte speeds through $80 billion 2020 budget, spending up 12%
Philippines President Rodrigo Duterte today signed a record 4.1 trillion peso ($79.97 billion) budget for this year, ensuring timely funding for an infrastructure overhaul in one of the fastest growing economies in Asia. Horse-trading in Congress delayed last year’s budget
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Asian shares stumble, oil surges after US air strikes in Iraq
Asian shares fell today, erasing early gains, while oil prices spiked after US air strikes in Iraq killed a top Iranian commander, heightening geopolitical tensions. Iranian Major-General Qassem Soleimani, head of the elite Quds Force and top Iraqi militia commander
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Proton sales up 55.7% to 100,821 units last year
PUCHONG: Proton has sold 100,821 units of vehicles in 2019, a 55.7% increase over sales in 2018, mainly contributed by Proton X70 and Proton Saga models. This is the first time the national carmaker crossed the 100,000-unit threshold since 2015.
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Bank Negara: Malaysia’s reserves at US$103.17 bln as of Nov
KUALA LUMPUR: Malaysia’s reserves remained usable as of end-November 2019, with official reserve assets at US$103.17 billion, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format. In a statement today, Bank Negara Malaysia (BNM) said
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BNM to issue up to five digital bank licences
KUALA LUMPUR: Up to five licences may be issued to qualified applicants to establish digital banks to conduct either conventional or Islamic banking business in Malaysia. Bank Negara Malaysia (BNM) has issued the Exposure Draft on Licensing Framework for digital
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