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Ringgit will not face extreme volatility thanks to managed float
KUALA LUMPUR: The ringgit has been under pressure throughout this week amid political uncertainty in the country, which intensified with the collapse of the Pakatan Harapan-led government. On Monday, when the Cabinet was dissolved, the ringgit lost 0.8 per cent
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Petronas’ net profit fell 27% last year compared to 2018
KUALA LUMPUR: Petronas’ net profit fell 27% to RM40.5 billion for the financial year ending Dec 31, 2019 from RM55.3 billion in the 2018 financial year, on the back of four per cent lower revenue of RM240.3 billion for the
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Cuepacs: Civil servants urged to stay apolitical
KUALA LUMPUR: The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) has urged all civil servants in the country to remain apolitical and to keep abreast of the current political situation. Its president Adnan Mat said
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LTTE: Last two men were acquitted today, all total 12
KUALA LUMPUR: Two more men, accused of supporting the Liberation Tigers of Tamil Eelam (LTTE) terrorist group, were acquitted and discharged by two separate High Courts today. This led to all 12 men, including two state assemblymen previously facing
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Dr M aims to form ‘apolitical govt’, apologises for political mess (full story)
PUCHONG: Interim Prime Minister Tun Dr Mahathir said that he is looking into forming a government that cuts across political affiliations. In a live telecast address after his sudden resignation and return, Mahathir also apologised to Malaysians for this current
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COVID-19: Malaysia, Singapore form working group
PUCHONG: Malaysia and Singapore have agreed to form a Joint Working Group (JWG) to further improve cooperation, prevention and control to stem the spread of coronavirus. In a joint statement between Malaysia and Singapore Health Ministries, they said that both
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Azmin & co wants ‘national reconciliation’, GPS leaves premiership issue to Agong
PUCHONG: The 11 ex-Pakatan Harapan leaders who turned independent called for a national reconciliation, led by Interim Prime Minister Tun Dr Mahathir Mohamad. The pack leader, Gombak MP Datuk Seri Mohamed Azmin Ali, said everyone should rise above petty politics
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Bersatu now backs Dr M, DAP MPs turn now to meet Agong
PUCHONG: After upsetting founder Tun Dr Mahathir Mohamad, Parti Pribumi Bersatu Malaysia (Bersatu) announced that its MPs would back the former to stay on as prime minister. In a statement today, its information chief Radzi Jidin said that they have
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Pos Malaysia recorded lower revenue of RM1.68 billion
KUALA LUMPUR: Pos Malaysia Bhd recorded a lower revenue of RM1.68 billion for the nine months of its financial period ended Dec 31, 2019, from RM1.76 billion in the preceding year. Net loss widened to RM215.58 million from RM24.64 million,
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Dr M works on stimulus package despite political crisis
PUCHONG: While MPs are presenting their cases to the Yang di-Pertuan Agong on which coalition should be forming the next government, Interim Prime Minister Tun Dr Mahathir Mohamad is back to business! Appearing unfazed with the power struggle, Mahathir attended
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