KUALA LUMPUR: The FBM KLCI could be pulling back to the 1,600 psychological support this week as a hawkish tone set by US Federal Reserve officials in the latest meeting minutes accelerate profit-taking activities. At 9am, the key index fell 1.43 points to 1,620.66, tracking the weaker performance in the US… Source link
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Beijing: China’s mega banks are urging branch managers to lend to state-owned companies that buy unsold homes, offering a quick show of support for the government’s housing rescue package unveiled last week. Industrial & Commercial Bank of China Ltd (ICBC) and other state lenders are guiding managers to… Source link
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PETALING JAYA: Sustained inflow of foreign funds and investments by local investors is leading Bursa Malaysia closer to a bull market phase. May was meant to be a month when equity markets see some selling pressure going by the old adage of “sell in May and go away” but it has been anything but that. Major… Source link
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JAKARTA: Indonesia’s central bank held interest rates unchanged at a review on Wednesday, as expected, saying the current benchmark level remained consistent with keeping inflation in check and maintaining the stability of the rupiah currency. Bank Indonesia (BI) kept the benchmark 7-day reverse repurchase rate… Source link
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A BUSINESS seminar by the Asian-Africa Investment and Technology Promotion Centre (AAITPC) delegation opened in Windhoek yesterday. The 50-member delegation of entrepreneurs from Asia is in the country for a four-day business mission after arriving at the weekend. The business delegation, with members from China, South Korea, Indonesia, India and Malaysia, is in the country to explore business… Source link
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SUBANG JAYA, May 22 (Bernama) — The fifth Business Excellence Awards (BEA) of 2024, hosted by the British Malaysian Chamber of Commerce (BMCC), celebrated the exemplary achievements of companies from the United Kingdom (UK) and Malaysia across seven categories. Among 48 nominees, Smith & Nephew Operations Sdn Bhd, a medical equipment manufacturer, received the UK-Malaysian Business… Source link
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America’s highest-paid CEO isn’t Apple’s Tim Cook, Tesla’s Elon Musk, or Meta Platforms’ Mark Zuckerberg – it’s Broadcom’s Hock Tan, The Wall Street Journal (WSJ) found in an analysis published this week. The Malaysian-born Tan was awarded US$162 million in compensation last year, but it comes with a catch: he’ll only receive the full amount if his company’s stock hits a… Source link
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KUALA LUMPUR: Pos Malaysia Bhd, which posted a smaller net loss in the first quarter ended March 31 (1Q24), remains cautiously optimistic of delivering improved results in 2024. The national post and parcel service provider posted a net loss of RM19.7mil in 1Q24, compared with a net loss of RM27.6mil in the… Source link
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Zurich Malaysia boosts takaful with new digital partnership | Insurance Business Asia … Source link
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KUALA LUMPUR, Malaysia, May 21, 2024 /PRNewswire/ — Get ready to level up your visual experience! Samsung is thrilled to announce the upcoming launch of its 2024 new monitor lineup, designed to cater to every user’s needs. Whether you’re a passionate gamer, a creative professional, or simply seeking immersive entertainment, there’s a Samsung monitor waiting to be your perfect match. … Source link
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