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S. Korea to hold nationwide shopping festival in November
SEOUL: South Korea will hold a massive nationwide shopping festival involving major retailers, manufacturers and traditional markets in November to attract foreign tourists and boost domestic consumption, Yonhap News Agency reported organisers as saying Friday. The annual Korea Sale FESTA will
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1MDB: Singapore imposes life ban on BSI Bank’s former rep Swampillai
SINGAPORE: The Monetary Authority of Singapore (MAS) has issued lifetime Prohibition Orders (POs) against Kevin Michael Swampillai, a former representative and head of the Wealth Management Services Department of BSI Bank Ltd, Singapore Branch (BSIS). These POs were issued at
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1MDB Bond: Goldman Sachs Singapore to pay US$122 mln to Singapore government
SINGAPORE: Goldman Sachs Singapore Pte (GSSP) will pay US$122 million to the Singapore government for its role in the 1Malaysia Development Bhd (1MDB) bond offerings. This is according to a joint statement by the republic’s Commercial Affairs Department (CAD), the
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Bursa Malaysia flat amid mixed regional markets at opening
KUALA LUMPUR: Bursa Malaysia opened flat today amid mixed regional markets with volatility on Wall Street continued to be dominated by the unfinalised stimulus package. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) inched down 0.36 of-a-point to
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UOB encourages customers to use digital banking during CMCO
KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) is encouraging customers to use its digital banking services such as the UOB Personal Internet Banking, UOB Mighty and UOB Business Internet Banking Plus to manage their banking and financial needs. The
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Ringgit rebounds to open higher against US dollar
KUALA LUMPUR: The ringgit rebounded to open higher versus the US dollar today, as the greenback retreated amidst uncertainties surrounding the country’s Covid-19 fiscal stimulus. Hopes of a United States (US) stimulus deal fuelled risk appetites, relegating the dollar to
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Budget 2021 includes focus on sustainability agenda – PM
KUALA LUMPUR: Prime Minister Tan Sri Muhyiddin Yassin (pix) said a special focus on sustainability agenda will be included in Budget 2021 with a very important announcement on it to be made this Nov 6. Describing the Covid-19 pandemic as
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KLCI bucks regional downtrend at opening as bargain-hunting kicks in
KUALA LUMPUR: Bursa Malaysia has bucked the regional downtrend to open firmer today, as bargain-hunting emerged following the recent losses. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.55 points, or 0.30 per cent to 1,518.50 from
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Ringgit opens marginally lower against US dollar
KUALA LUMPUR: The ringgit opened marginally lower against the US dollar in the early trading session today, a dealer said. At 9 am, the local currency stood at 4.1430/1480 versus the greenback compared with 4.1400/1440 at yesterday’s close. Axi chief
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Bursa opens lower on pullback due to CMCO
KUALA LUMPUR: Bursa Malaysia extended yesterday’s losses as the key index continued its pullback due to the re-implementation of the conditional movement control order (CMCO) in Selangor, Kuala Lumpur, Putrajaya and Sabah. At 9.05 am, benchmark FTSE Bursa Malaysia KLCI
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