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Proton unveils X70 CKD with 5 upgrades
KUALA LUMPUR: National carmaker Proton Holdings Bhd (Proton) today officially launched the X70 CKD (completely knocked down) version with five main upgrades. Upgrades related to the power train are a further refined 1.8-litre turbocharged direct injection (TGDi) petrol engine and
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BNM: 2019 GDP at 4.3%, affected by supply disruption in commodity sector
KUALA LUMPUR: Malaysia’s economy expanded by 3.6% in the fourth quarter of 2019, dragging the full-year Gross Domestic Product (GDP) growth to 4.3%, the lowest since the 2009 financial crisis amid supply disruptions in the commodity sector during the quarter.
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Bank Negara: External influence will affect ringgit
KUALA LUMPUR: Bank Negara Malaysia (BNM) governor Datuk Nor Shamsiah Mohd Yunus today said ringgit, which appreciated 1.1% against the US dollar last year, will continue to be influenced by external developments in 2020. While the Phase One trade deal between the United States and China
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Rubber production incentive activated for January 2020
KUALA LUMPUR: The Malaysian Rubber Board (LGM) says the Rubber Production Incentive has been activated for January 2020 for 440,000 rubber smallholders in Peninsular Malaysia, Sabah and Sarawak. In a statement, LGM said this follows the farmgate rubber price for the month at below
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Bank Muamalat offers moratorium relief for coronavirus-affected customers, staff
KUALA LUMPUR: Bank Muamalat Malaysia Bhd (Bank Muamalat) is offering a temporary moratorium of up to six months for the monthly instalment payments on certain financing obligations for all customers and staff, as a relief for those who have been
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Malaysia’s palm oil stocks drop 12.69% in Jan 2020
KUALA LUMPUR: Malaysia’s total palm oil stocks eased 12.69% to 1.76 million tonnes in January 2020 from 2.01 million tonnes recorded in December 2019. In a statement today, the Malaysian Palm Oil Board (MPOB) said crude palm oil (CPO) stock decreased by 17.13% to
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Malaysian-born Maha Sinnathamby invites the world to share his A$88 billion private city
KUALA LUMPUR: The journey from Negeri Sembilan to Queensland, Australia can take a day if you travel by plane, but for Maha Sinnathamby, it has taken a lifetime. The billionaire was born in the village of Rantau 80 years ago and
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Dr M: Malaysia’s economy to grow 4.5% this year
KUALA LUMPUR: Malaysia’s economy is expected to expand by 4.5% this year, Prime Minister Mahathir Mohamad said today, down from the government’s initial estimate of 4.8%. Mahathir cited “challenging times” for the downwards revision to the government’s forecast, which was
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MARGMA sees nearly 20% surge in Malaysia’s glove exports in 2020
KUALA LUMPUR: Malaysia’s rubber glove exports are likely to surge nearly 20% to 230 billion pieces in 2020, up from 192 billion pieces last year, as the world rolls up its sleeves to fight against the deadly novel coronavirus 2019
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Unemployment rate drops to 3.2% in fourth quarter 2019
PUTRAJAYA: The unemployment rate dropped to 3.2% in the fourth quarter of 2019 compared to 3.3% in the previous quarter, according to the Malaysia Labour Force Survey Report, Fourth Quarter 2019. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said
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