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Aramco IPO: Thanks but no thanks, says Petronas
KUALA LUMPUR/LONDON: With Saudi Aramco yet to name any major foreign investors in its upcoming share sale, Malaysia’s state energy company Petronas [PETR.UL] decided to take a pass yesterday. Expectations that Aramco customers and allies around the world would take
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Tech expert: Malaysia ready to deploy 5G
PUTRAJAYA: Malaysia is ready to deploy the fifth-generation (5G) mobile technology and its diverse level of use cases is one of its strengths, said a technology expert. Telecommunication-based think-tank Technology Research Project Corporate director Dr Peter Lovelock said Malaysia should
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Shares falter as China-US row over Hong Kong wrecks trade deal hopes
Global stocks took a beating today as a fresh row between Washington and Beijing over US legislation on Hong Kong threatened to undermine their trade talks and delay a “phase one” deal that investors had initially hoped to be signed
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Azbil now offers ceiling temperature sensor outside of Japan
KUALA LUMPUR: Azbil Corporation has started sales of its ceiling-mounted temperature sensor (round type), an indoor temperature sensor for use with office building HVAC systems outside of Japan. Its overseas launch is centred on office buildings and other structures in
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AI will make billions of humans unnecessary
KUALA LUMPUR: Artificial Intelligence (AI) will irreversibly change the world by making billions of humans unnecessary, inclusive of creative workers, according to Russian physicist and philosopher, Serge Pereslegin. “Therefore, we need to redesign the meaning of work and life,” added
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Rakuten: FBM KLCI to rebound to 1,800 by 2020
PETALING JAYA: Rakuten Trade Sdn Bhd, an online equity broker stated that FTSE Bursa Malaysia KLCI (FBM KLCI) to close at 1,630 by the end of this year. Speaking to reporters here today on the 2019 Market Outlook today, Head
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Oil rises on hopes for OPEC supply curbs, optimism on US-China trade deal
Oil prices posted early gains as OPEC’s outlook for oil demand next year fueled hopes that the producer group and its associates will keep a lid on supply when they meet to discuss policy on output next month. Optimism that
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FAA downgrade may affect Malaysia Airlines’ codeshare deals
KUALA LUMPUR: Malaysian carriers, including Malaysia Airlines, will have their operations and codeshares to and from the United States (US) limited to the existing levels following the US Federal Aviation Administration’s (FAA) downgrade of the Civil Aviation Authority of Malaysia’s
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Economist: M’sia remains attractive to global investors
KUALA LUMPUR: Malaysia will continue to be on the global investors’ radar due to its solid economic position and its importance in the Belt and Road Initiative (BRI), said IQI Global chief economist Shan Saeed. There have been lots of
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Malaysia’s labour force rate soars to 68.7%
KUALA LUMPUR: The labour force participation rate in Malaysia for the month of September this year increased 0.1 percentage point to 68.7% as compared to the previous months, said the Department of Statistics Malaysia. It also saw an increase of
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