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AI boom drives South Korea exports to record US$700b in 2025
SEOUL, Jan 1 — Soaring global demand for semiconductors fuelled by a boom in artificial intelligence sent South Korea’s exports to their highest-ever level in 2025, official data showed Thursday. Total exports last year were valued at over US$700 billion,
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BNM reports Malaysia’s official reserve assets at US$124.12b as of end‑November 2025
KUALA LUMPUR, Dec 31 — Malaysia’s official reserve assets amounted to US$124.12 billion (RM503 billion) as at November 30, 2025, while other foreign currency assets stood at US$266.2 million, according to Bank Negara Malaysia (BNM). The central bank said the
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Final day of 2025 trading sees Asia markets mixed, metals ease after record highs
HONG KONG, Dec 31 — Asian stocks were mixed at the start of the final trading day of 2025 today, with some tracking Wall Street losses as investors eased towards the New Year break. Trading remained thin in the holiday-shortened
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‘Oracle of Omaha’ Warren Buffett ends 60‑year run at Berkshire Hathaway, hands reins to Greg Abel
WASHINGTON, Dec 31 — American investor Warren Buffett, widely known as the “Oracle of Omaha,” will step down today as CEO of investment conglomerate Berkshire Hathaway after leading the company for 60 years, Sputnik/RIA Novosti reported. Buffett, one of the
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Genting unit issues RM3b unrated MTN, redeems existing notes
KUALA LUMPUR, Dec 30 — Genting Bhd’s (Genting) wholly-owned subsidiary, Genting Vista Bhd, today issued an unrated medium-term notes (MTN) programme of RM3.0 billion in nominal value (Series 1) under its RM5 billion unrated MTN programme. The proceeds raised from
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Crypto crash course: How plunging bitcoin prices shake companies
LONDON, Dec 28 — The year-end plunge in cryptocurrencies has rattled companies that had bet heavily on bitcoin, sending share prices tumbling and reviving fears of a bubble. Below AFP explains what happens to these bitcoin-buying firms when prices drop.
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Ringgit to trade in narrow 4.03–4.05 range amid holiday lull
KUALA LUMPUR, Dec 27 — The ringgit is expected to trade in a narrow range next week, hovering between 4.03 and 4.05 against the US dollar amid a holiday-shortened week. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul
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Ringgit slips slightly but holds firm after testing 4.03 against US dollar
KUALA LUMPUR, Dec 26 — The ringgit ended marginally lower against the US dollar today but was said to maintain its momentum as it attempted to breach the 4.03 level during the morning session. At 6pm, the local currency edged down
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South Korea’s Hanwha says Philly Shipyard capable of building nuclear submarine for US Navy
SEOUL, Dec 25 — Hanwha’s Philly Shipyard has the capability of building a nuclear-powered submarine for the US Navy, said Alex Wong, global chief strategy officer at Hanwha Group, according to a statement from the South Korean company today. “The
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GV Ride Brings Christmas Cheer with ‘Santa On-The-Go’ Campaign
SUBANG JAYA,Dec 25 — GV Ride is introducing a special Christmas surprise through its One-Day-Only Surprise initiative, taking place on 25 December around Subang Jaya. Three selected drivers will add a festive twist by donning full Santa Claus costumes throughout
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