Stock Market & Investment News
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Asian stock valuations dip to a 21-month low
BENGALURU: Valuations of Asian equities dropped to a 21-month low at the end of January, as expectations of aggressive policy tightening by the Federal Reserve, and a surge in U.S. bond yields hit the regional stocks. Read full story
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Maxis in talks with regulators to determine 5G roll-out
KUALA LUMPUR: Maxis Bhd is currently in talks with the regulators and the Ministry of Communications and Multimedia to determine the roll-out of its 5G network to consumers. Read full story
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Five Petroleum allocates RM180mil capex for expansion
JERANTUT: Five Petroleum Malaysia Sdn Bhd is looking into expanding its operations and setting up more petrol stations nationwide including in Sabah and Sarawak. Read full story
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TM does not own Menara TM; relocating majority of its corporate offices
KUALA LUMPUR: Telekom Malaysia Bhd (TM) is a tenant of Menara TM, located at Jalan Pantai Baharu, KL. Read full story
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Minho buys land for RM3.65mil for warehouse
KUALA LUMPUR: Minho (M) Bhd is buying a freehold land measuring 1.741 hectares in Jeram, Kuala Selangor for RM3.65mil. Read full story
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FBM KLCI rallies 21 points to 3-week high
KUALA LUMPUR: The FBM KLCI rose 1.4% today, its highest in three weeks amid optimism that the proposed reopening of the nation’s borders would bolster the local economy’s recovery. Read full story
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WCE appoints Lyndon Alfred Felix as CEO
KUALA LUMPUR: WCE Holdings Bhd (WCEHB) has appointed Lyndon Alfred Felix as chief executive officer effective Feb 17. Read full story