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US Treasury chief Bessent to skip IMF annual meetings in Bangkok
WASHINGTON, Oct 10 — US Treasury Secretary Scott Bessent will not attend the IMF and World Bank’s annual meetings in Bangkok next week, a department official confirmed yesterday, as domestic pressures grow over war with Iran and bond yields remain
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Johor stays Malaysia’s data centre powerhouse as AI demand surges, BMI says
KUALA LUMPUR, Oct 9 — Malaysia’s data centre market is shifting towards higher-value, artificial intelligence (AI)-focused deployments, with Johor remaining the country’s dominant hub despite growing power constraints. BMI, a unit of Fitch Solutions, said Malaysia had 125 data centre
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Beyond flying: Malaysia Aviation Group eyes bigger aircraft maintenance business with seven global tie-ups
SINGAPORE, Oct 9 — Malaysia Aviation Group (MAG) is strengthening its maintenance, repair and overhaul (MRO), as well as engineering and supply chain operations through seven strategic partnerships with global aviation, engineering, technology and logistics companies. The group said these
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Malaysia’s cooperatives target RM100b revenue this year, four years ahead of 2030 goal
MELAKA, Oct 9 — The national cooperative sector is projected to reach a revenue of RM100 billion this year, driven by positive growth as well as strengthening membership and capital accumulation. Malaysia Cooperative Societies Commission (SKM) chief executive officer Mohd
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SSM gives companies until Dec 31 to clear outstanding compounds at reduced rates
KUALA LUMPUR, Oct 9 — The Companies Commission of Malaysia (SSM) has extended the period for compound reduction under the Companies Act 1965 and the Companies Act 2016 until December 31, 2026. In a statement, SSM said this extension gives
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Bursa rises ahead of Budget 2027, with cash aid measures putting retailers in focus
KUALA LUMPUR, Oct 9 — Bursa Malaysia opened higher on Friday ahead of the tabling of Budget 2027 today, with investors monitoring measures to support strategic industries and household spending. At 9.16am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose
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‘Hire great American workers’: Vance targets Microsoft in H-1B visa crackdown
WASHINGTON, Oct 9 — US Vice President JD Vance said yesterday that software giant Microsoft was being suspended from a key visa programme as part of a fraud crackdown by President Donald Trump’s administration. Top US universities including Harvard that
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IEA ready to tap more oil reserves as diesel supplies tighten
PARIS, Oct 8 — The International Energy Agency’s member countries stand ready to release additional oil from their strategic reserves if necessary and will prioritise diesel fuel due to tight supplies of the fuel, the head of the IEA said
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Japanese seafood giant Umios bets bigger on Malaysia after taking 51pc stake in Pet World
KUALA LUMPUR, Oct 7 — Umios Corporation, one of the world’s largest fishery and food companies, plans to broaden its footprint in Malaysia with new investments which will expand both its human and pet food business. Manager of its overseas
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Bursa opens in the green — then heavyweight selling takes over
KUALA LUMPUR, Oct 7 — Bursa Malaysia opened higher on Wednesday but retreated shortly after, weighed down by selling activity in selected heavyweight counters, led by financial services and industrial products and services. At 9.11am, the FTSE Bursa Malaysia KLCI
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