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Bursa stops SMRT trading after shares crash 55pc
KUALA LUMPUR, Jan 19 — Bursa Malaysia has suspended intraday short-selling (IDSS) on SMRT Holdings Bhd until 8.30 am tomorrow after the stock breached the price limit. SMRT’s share price dropped sharply by 55.05 per cent, or 24.5 sen, to
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AirAsia X seals RM3.8b consolidation, all airlines under one roof
KUALA LUMPUR, Jan 18 — AirAsia X Bhd has completed the acquisition of AirAsia Bhd (AAB) and AirAsia Aviation Group Ltd from Capital A Bhd, marking the final step in the consolidation of the group’s aviation businesses. “The transaction was
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Regulator slaps IndiGo with US$2.45m fine after December meltdown strands thousands
NEW DELHI, Jan 18 — India’s civil aviation regulator on Saturday imposed a fine of US$2.45 million (RM9.94 million) on IndiGo, the country’s biggest airline, for poor roster planning that led to large-scale flight cancellations in December. Airports across India
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Google appeals US monopoly ruling, warns data‑sharing order risks trade secrets
WASHINGTON, Jan 17 — Google filed a notice yesterday to appeal a federal judge’s ruling that it held an illegal monopoly on online search, court records show. A US district judge decided in 2024 that the internet giant had a
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Bursa Malaysia seen trading in modest, range‑bound pattern next week
KUALA LUMPUR, Jan 17 — Bursa Malaysia is expected to trade in a modest and range-bound trend next week, said an economist. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said while some degree of
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US dollar flexes muscles, ringgit ends Friday trade on a softer note
KUALA LUMPUR, Jan 16 — The ringgit ended marginally lower against the American dollar on Friday, as healthy US economic data lifted the greenback. At 6 pm, the local currency dipped to 4.0555/0605 versus the greenback from Thursday’s close of
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Malaysia’s 2025 growth shows resilience, compares well with China, says economist
KUALA LUMPUR, Jan 16 — The 5.7 per cent gross domestic product (GDP) growth estimate in the fourth quarter of 2025 (4Q 2025) shows that the principles of governance, sustainability and social justice premised on the Madani Economy framework are
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Investors pull back a little, keeping Bursa’s upward trend intact
KUALA LUMPUR, Jan 16 — Bursa Malaysia failed to sustain its early gains and closed lower, weighed down by profit-taking following its recent strong performance, with the benchmark index slipping 0.14 per cent. At 5 pm, the FTSE Bursa Malaysia
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Ringgit nudges higher against US dollar as Malaysia awaits Q4 GDP figures
KUALA LUMPUR, Jan 16 — The ringgit rebounded to open slightly higher against the US dollar ahead of the release of Malaysia’s advance fourth quarter of 2025 (Q4 2025) gross domestic product (GDP) estimates later today. At 8am, the local
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Bursa Malaysia opens lower as profit-taking kicks in after seven-year high
KUALA LUMPUR, Jan 15 — Bursa Malaysia opened lower today, weighed by mild profit-taking after recent gains and tracking weaker overnight cues from Wall Street. At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 0.90 of-a-point to 1,710.01 from
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