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Najib: Media Prima out of Umno’s control
KUALA LUMPUR: Media Prima Bhd wasn’t controlled effectively by Umno and that led the party to sell off its shares to Malay tycoon Tan Sri Syed Mokhtar Al-Bukhary, said Pekan MP Datuk Seri Najib Razak. Singling out Media Prima’s English
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Syed Mokhtar takes over Umno’s 11 percent in Media Prima Bhd
PUCHONG: Tycoon Tan Sri Syed Mokhtar Al-Bukhary has bought over 11.09 percent of Umno stakes in the largest media group, Media Prima Bhd which makes him the third largest shareholder in the company. Media Prima has a profound presence with
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Three new board members for Khazanah
KUALA LUMPUR: Khazanah Nasional Bhd announced today the appointment of To’ Puan Azian Mohd Aziz, Professor Xiao’ou Tang and Lau Seng Yee’s to the Malaysian sovereign wealth fund’s board of directors, effective Wednesday. In a statement, Khazanah said Azian is
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Oil prices soar on Saudi, Russia support for supply cuts
SINGAPORE: Oil prices rose more than US$1 a barrel today after Saudi Arabia, Russia, Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting this week. Front-month Brent crude futures for September
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Deutsche Bank board to meet July 7 over job cuts
FRANKFURT: Deutsche Bank’s supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, four people with knowledge of the matter said. CEO Christian Sewing flagged an extensive overhaul
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Agrobank: Khadijah Iskandar is new covering President, CEO
KUALA LUMPUR: Khadijah Iskandar bas been named as the new covering President and CEO of government-owned Agrobank, effective yesterday. This is following the departure of its incumbent Syed Alwi Mohamed Sultan, whose contract expired on Thursday. Syed Alwi became the
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Gobind: Malaysia serious on tech talent development agenda
PUTRAJAYA: The Communications and Multimedia Ministry will continue to review all existing initiatives as well as come up with new and pertinent policies to ensure Malaysia is always ahead of the competition when it comes to tech talent development, said
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Oil prices dip, await positive feedback from G20, OPEC talks
SEOUL: Oil prices eased today in a cautious market, as traders eyed a scheduled meeting between US President Donald Trump and Chinese President Xi Jinping at the G20 summit and next week’s OPEC meeting. Brent crude LCOc1 futures were down
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Terengganu to set up ´floating market’ in 2020
KUALA TERENGGANU: The first floating market in Terengganu will be up and running next year in an effort to attract more tourists to the state, said State Tourism, Culture and Communications Committee chairman Ariffin Deraman. He said it would be
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US Fed stress tests: Credit Suisse to address ‘limited’ weakness
Credit Suisse’s US operations have until late October to address flaws in how the bank manages risks it could face in times of stress, the Federal Reserve said Thursday. But the Fed did not object outright to the capital plans
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