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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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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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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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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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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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
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PM announces improved Keluarga Malaysia flood aid for affected MSMEs
KUALA LUMPUR: Prime Minister Datuk Seri Ismail Sabri Yaakob today announced improved Keluarga Malaysia Flood Aid for micro, small and medium enterprises (MSMEs) affected by the recent floods. Read full story
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S P Setia ventures into healthcare
SHAH ALAM: S P Setia Bhd through its subsidiary Setia HC Ventures Sdn Bhd, has signed an agreement with Qualitas Medical Group Sdn Bhd intending to develop and operate an ambulatory care centre (ACC) in Setia Alam, Shah Alam. Read full story
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AT Systematization unit to manufacture aluminium profiles worth US$10mil
KUALA LUMPUR: AT Systematization Bhd’s (ATS) wholly-owned unit AT Precision Tooling Sdn Bhd (ATP) has entered into a Value Contract with Maschinenfabrik Rieter AG (Rieter) to produce aluminium profiles for Rieter’s Card and Ringspin sector amounting to US$10 million (US$1=RM4.18). Read full story
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