News
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Moody's lowers global GDP forecast as Omicron increases uncertainty, downside risk
KUALA LUMPUR: Global gross domestic product (GDP) is expected to grow by 5.5 per cent this year and 4.1 per cent in 2022 as the Omicron variant’s arrival increases uncertainty and downside risk about the near-term trajectory, according to Moody’s Analytics. Read full story
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Dyson supplier ATA asks Malaysia to drop charges it violated worker accommodation laws
MALAYSIAN parts maker ATA IMS said on Tuesday it has asked for charges that it violated labour laws to be dropped, saying any infractions were caused by “challenges presented during the pandemic”. Read full story
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Oil prices edge higher, but Omicron coronavirus variant worries linger
SINGAPORE: Oil prices eked out small gains on Tuesday, recouping losses earlier in the day triggered by investor worries about demand after renewed restrictions were imposed in Europe and Asia amid a rise in coronavirus cases. Read full story
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Strong UK jobs growth puts BoE on the spot over rates
LONDON: British employers hired a record number of staff in November, adding to signs that the labour market withstood the end of the government’s furlough scheme and underscoring the Bank of England’s dilemma as it meets on interest rates this week. Read full story
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Easier wealth management with CIMB Clicks
THE Covid-19 pandemic has led to changes across all areas of life, from social interaction to how daily banking is conducted. Read full story
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Bursa Malaysia ends in the red amid heavy selling pressure
KUALA LUMPUR: Bursa Malaysia ended in the red today, succumbing to heavy selling pressure across the board. Read full story
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MAHB calls for tender of 226 commercial lots as airports traffic gradually improves
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is calling for an open tender exercise for 226 commercial lots following the recent improvement in air traffic movements as a result of the easing of air travel restrictions. Read full story
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Sime Darby, TNB team up to accelerate EV adoption in Malaysia
KUALA LUMPUR: Sime Darby Motors (SDM) Malaysia and Tenaga Nasional Bhd (TNB) have formalised a memorandum of understanding to explore various initiatives to accelerate the adoption of electric vehicles (EV) in Malaysia. Read full story
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E&C segment makes up 95% of Sapura Energy total bid book
KUALA LUMPUR: The engineering and construction (E&C) segment makes up 95 per cent of Sapura Energy Bhd’s RM22 billion total bid book while drilling contributes three per cent and operations and maintenance two per cent. Read full story
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Grab Holdings to acquire Malaysian supermarket chain Jaya Grocer
GRAB Holdings Ltd., a unit of Southeast Asia’s largest ride-hailing and delivery group, is buying Malaysia’s top premium grocery chain Jaya Grocer Holdings Sdn. according to filing with the U.S. Securities & Exchange Commission. Read full story
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