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Bursa eases after six-year high as Wall Street jitters weigh on sentiment
KUALA LUMPUR, Jan 14 — Bursa Malaysia eased in early trade today after touching its highest level in more than six years, weighed by negative sentiment following Wall Street’s overnight performance, though the benchmark index remained above the 1,700 level.
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Bursa Malaysia rises for second day, led by gains in financial heavyweights
KUALA LUMPUR, Jan 13 — Bursa Malaysia’s benchmark index extended its upward momentum at mid-morning, supported by continued buying interest in key index heavyweights, led by financial services. At 11.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.34 points
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Expert: Petronas bid for Federal Court review of Sarawak oil ops just legal move, not political
KUALA LUMPUR, Jan 13 — Petronas’s decision to seek a Federal Court ruling on the regulatory framework governing its operations in Sarawak is a standard legal process for resolving constitutional disputes between federal and state authorities, not a political confrontation,
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AirAsia X to rebrand as AirAsia on Jan 19, says Tony Fernandes
KUALA LUMPUR, Jan 13 — AirAsia X will be renamed AirAsia and listed as a newly quoted stock on January 19, said Capital A Bhd chief executive officer Tan Sri Tony Fernandes. Fernandes, in a LinkedIn post today, said that
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Gold, silver hit record highs as US probes Fed, fuelling fears over central bank independence
HONG KONG, Jan 12 — Gold and silver surged to record highs after the US Justice Department targeted the Federal Reserve in an investigation, fuelling fears over the bank’s independence and raising demand for safe haven assets. Gold vaulted toward
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Petronas seeks Federal Court clarity on legal framework for Sarawak operations
KUALA LUMPUR, Jan 12 — Petronas has filed a motion at the Federal Court in Putrajaya to seek clarity on the applicable petroleum regulatory framework governing its operations in Sarawak. In a statement today, the national oil company said the
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Bursa Malaysia hits six-year high as buying frenzy lifts KLCI past pre-pandemic peak
KUALA LUMPUR, Jan 12 — Bursa Malaysia’s benchmark index extended its upward momentum to close at a fresh six-year high today, supported by sustained buying interest in heavyweight and plantation stocks, in tandem with stronger performances across regional markets. At
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Proton eyes Algeria entry via partnerships and CKD assembly
NEW DELHI, Jan 12 — Malaysian automaker Proton Holdings Bhd is exploring partnerships, including dealerships and assembly from completely knocked-down (CKD) kits, to enter Algeria’s growing car market. Proton’s interest in the key North African market aligns with Algeria’s policy
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Ringgit set to trade sideways with upside bias next week, analysts say
KUALA LUMPUR, Jan 11 — The ringgit is expected to trade within the 4.04-4.07 range next week with the balance of risks tilted modestly towards a firmer ringgit as global investors rotate away from the dollar and back into emerging-market
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Oscar-shortlisted ‘Palestine 36’ director says film represents ‘refusal to disappear’
PARIS, Jan 10 — The director of Oscar-shortlisted film “Palestine 36” said her big-budget production about a crucial but little-known Arab rebellion is a statement about Palestinians “refusal to disappear”. Veteran filmmaker Annemarie Jacir started production on the sweeping historical
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