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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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Lim: Govt ready to stimulate economy if the need arises
KUALA LUMPUR: The government is ready to step in with a stimulus package if the need arises, although it is too early to assess the impact of the 2019 novel coronavirus on the economy, Finance Minister Lim Guan Eng (pix) said today. At
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Japan’s quick action on Tun Mahathir’s request for joint oil spill response
KUALA LUMPUR, Jan 30 — Japan has taken quick action on a request by Prime Minister Tun Dr Mahathir Mohamad to his Japanese counterpart Shinzo Abe for joint collaboration between the two countries in oil spill response, especially in the
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