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AirAsia X forms committee to review Airbus bribery allegations
Malaysian long-haul budget airline AirAsia X has formed a board committee to review corruption allegations by Britain’s Serious Fraud Office (SFO), a stock exchange filing showed yesterday. The AirAsia X committee will comprise non-executive members of the board excluding Kamarudin
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E-wallet apps facilitate parental monitoring
KUALA TERENGGANU: It saves time, and is safe and easy to use. These are among the attributes of the Touch ‘n Go e-wallet application (app) that led Rohaizi Yusuf, 42, to use the app to give pocket money to her daughter, Nur Faqihah Zulkifli, 16.
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MITI monitoring coronavirus’ impact on trade, investment activities
KUALA LUMPUR: The International Trade and Industry Ministry (MITI) is closely monitoring the development of the 2019 novel coronavirus outbreak within countries that are Malaysia’s trading partners and have trade activities with China. Nevertheless, deputy minister Dr Ong Kian Ming
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Economic Boost For Second-Generation Felda Settlers
KUALA LUMPUR: Many a Felda settlement is encouraging its second- and third-generation settlers to pursue agro-based business ventures to improve their socio-economic status. Among them is Felda Bukit Aping Timur in Kota Tinggi, Johor, which has implemented a pilot entrepreneurial
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Dr Mahathir, Imran Khan meet in Putrajaya
PUTRAJAYA: Prime Minister Tun Dr Mahathir Mohamad and visiting Pakistan’s Prime Minister Imran Khan held a meeting at Perdana Putra here today to take stock of the existing cooperation between Malaysia and Pakistan. According to a Wisma Putra statement yesterday,
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Coronavirus wipes RM1.7 trillion off China’s stock market
Investors erased US$420 billion (RM1.7 trillion) from China’s benchmark stock index today, sold the yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on the first day of trade in China since the
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AirAsia shares plunge after Airbus bribery allegations
KUALA LUMPUR: Shares of Malaysia’s AirAsia Group (AIRA.KL) and unit AirAsia X (AIRX.KL) fell today, after allegations by Britain’s Serious Fraud Office that Airbus (AIR.PA) paid a bribe of US$50 million to win plane orders from Asia’s largest budget airline
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India’s guarded stimulus unlikely to revive Indian growth
NEW DELHI: India’s new federal budget is unlikely to drag Asia’s third- biggest economy out of its worst slowdown in more than a decade as the government has proposed only moderate spending increases and small cuts in personal taxes, economists
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Malaysia records funds outflow of RM409.14 mln amid coronavirus outbreak
KUALA LUMPUR: Foreign investors were net sellers in the local equity market last week, recording a total net outflow of RM409.14 million from Jan 28-30 against a net inflow of RM23.48 million from Jan 20-23. Bank Islam Malaysia Bhd chief economist
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BNM’s official reserve assets at US$103.61 bln as at end-December 2019
KUALA LUMPUR: Bank Negara Malaysia’s (BNM) official reserve assets amounted to US$103.61 billion (US$1=RM4.08), while other foreign currency assets stood at US$415.1 million as at end December 2019. In a statement today, the central bank said for the next 12
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