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HSR unnecessary for now, Dr Mahathir maintains stand
CYBERJAYA: Prime Minister Tun Dr Mahathir Mohamad maintained that the Malaysia-Singapore High Speed Rail (HSR) is not of priority since only a few states would benefit from such infrastructure development project. “For Malaysia at the moment, a high-speed train is
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Invest in fintech, Dr Mahathir tells Islamic banking and finance
KUALA LUMPUR: Islamic banking and finance players must be intensely invested in technologies to transform the way they conduct banking services and disseminate their products more effectively and efficiently. In making the call, Prime Minister Tun Dr Mahathir Mohamad said
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ECRL gets green light, costs slashed by RM21.5 billion
PUCHONG: The East Coast Rail Link (ECRL) has been given the go ahead following negotiations that led to cost reduction of MR21.5 billion, from RM65.5 billion to to RM44, confirmed the Prime Minister’s Office. “The Malaysia government welcomes the signing
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FGV backs government plans to diversity settlers income stream
KUALA LUMPUR – The government’s plan to diversify the income streams of Felda settlers to alleviate the settlers’ financial situation is a positive move. In a statement today, FGV Holdings Bhd (FGV) said it would be happy to participate in
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Maybank to increase mortgage, SME loans in three years
KUALA LUMPUR: Malayan Banking Bhd (Maybank) targets to increase its loan disbursement for both mortgages and small and medium enterprises (SMEs) to RM35 billion and RM50 billion, respectively, in the next three years, said group president and chief executive officer
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MHB shares rise after unit bags Petronas contract
KUALA LUMPUR: Shares in Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) rose five percent to 84 sen at 10.15 am with 1.3 million shares traded, after its subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) and partner, Hiap
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Arshad Ismail Bank Pembangunan CEO cum president
KUALA LUMPUR: Former Maybank Islamic Berhad global banking business head Arshad Mohamed Ismail has been appointed as president/group chief executive officer of Bank Pembangunan Malaysia Bhd (BPMB) with effect from today. Arshad began his career in 1995 as a lawyer
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Trump says US-China trade deal could be announced in about four weeks
WASHINGTON: US President Donald Trump said on Thursday (Apr 4) a trade deal with China was getting very close and could be announced in about four weeks, but warned it would be difficult to let China keep trading with the United
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KLCI in the negative, regional markets mixed
KUALA LUMPUR: The FBM KLCI retained itself in negative territory at mid-morning market now, weighed by select blue chips against the backdrop of mixed regional markets. At 10am, the FBM KLCI dropped 1.10 points to 1,643.97. Gainers led losers by
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BNM committed to disseminating financial knowledge to the people
KUALA TERENGGANU: Bank Negara Malaysia (BNM) is committed to disseminating financial knowledge to the people through programmes such as the Financial Carnival and with the cooperation of private and public financial institutions. Assistant Governor Abu Hassan Alshari Yahaya said financial
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