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Petronas to slash spending by US$11.4 billion over 4 years
Kuala Lumpur – Petroliam Nasional Bhd (Petronas) is planning to slash as much as RM50 billion (US$11.41 billion) in capital and operating expenses over the next four years, the Wall Street Journal...
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Microsoft donates cloud computing ‘worth $1 bn’
Microsoft said Tuesday it will put a billion dollars’ worth of cloud computing power in the hands of non-profit groups and university researchers free of charge. A philanthropic arm of the US software...
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Ringgit opens marginally lower against US dollar
Kuala Lumpur – The ringgit opened marginally lower against the US dollar Wednesday morning as some investors turned to the safe haven currency, dealers said. At 9.05 am, the local unit was traded at...
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Ringgit opens marginally lower against US dollar
Kuala Lumpur – The ringgit opened marginally lower against the US dollar today as investors remained cautious ahead of the presentation of the recalibrated Budget 2016 by Prime Minister Najib Razak...
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Ringgit opens higher against US dollar
Kuala Lumpur – The ringgit extended its gains to open higher against the US dollar on continued buying momentum following positive reaction by investors to the recalibrated 2016 Budget, dealers said....
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Ringgit jumps to RM4.12 against greenback
Singapore – The Malaysian ringgit jumped 2% today to hit a 3½-month high as crude oil prices extended gains, easing concerns over the country’s falling oil and gas prices. The currency also found...
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Ringgit likely to remain firm next week
Kuala Lumpur – The ringgit is likely to remain firm next week on the back of the recent recalibration of the Budget 2016. Hong Leong Bank’s Head of Fixed Income & Economic Research Choong Yin...
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China school sees monkey business in New Year
Dong Ying – Macaques in frilly dresses turn backflips and answer maths questions for crowds of screaming children at a Chinese monkey school, where trainers teach them to waltz and play rock drums....
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Ringgit opens lower against US dollar
Kuala Lumpur – The ringgit opened lower against the US dollar today on weak demand for the local currency, dealers said. At 9 am, the ringgit was traded at 4.1630/1700 from 4.1520/1620 against the...
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Twitter disappoints investors as user growth hits wall
San Francisco – Twitter Inc reported its first quarter with no growth in users since it went public, stoking fresh concerns on how long it will take for the company to reverse the trend. The stalled...
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Ringgit higher on positive mart sentiment
Kuala Lumpur – The ringgit closed broadly higher today against a basket of major currencies, including the US dollar, as the better-than-expected 2015 gross domestic product (GDP) sparked positive...
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Petronas to lay off 1,000 staff
Kuala Lumpur – Petroliam Nasional Bhd (Petronas), fresh off announcing a cut of up to RM20 billion in its expenditures for 2016, said it is restructuring its organisation to a leaner one, which will...
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Abenomics losing support with economists and voters
Tokyo – Abenomics hasn’t had much impact reviving the fits-and-starts Japanese economy. That’s the verdict of nearly two dozen economists canvassed in a new Bloomberg News survey. Prime Minister...
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Sharapova business empire in doping turmoil
Los Angeles – Maria Sharapova’s multi-million dollar business empire was in turmoil on Tuesday as sponsors distanced themselves from the Russian tennis star a day after she admitted failing a drug...
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Business Beyond 2016 – MIEC
Kicking off on February 25th was MIEC’s Business Beyond 2016 held at the Istana Hotel last week. This event was hosted by the Malaysian Indian Entrepreneurs Cooperative (MIEC) to serve as a platform...
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Ringgit opens higher against US dollar
Kuala Lumpur – The ringgit opened higher against the US dollar Thursday morning on improved demand and in line with the recovery of oil prices. At 9.11 am, the local unit was quoted at 4.1185/1245 to...
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Ringgit strengthens against US dollar at opening
Kuala Lumpur – The ringgit strengthened against the US dollar at opening today on buying interest and amid stronger oil prices, dealers said. At 9am, the ringgit was quoted at 4.0800/0880 versus the...
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Ringgit continues uptrend at opening
Kuala Lumpur – The ringgit continued the uptrend momentum at opening today as traders trimmed dollar positions on a bearish outlook for US interest rate hikes, dealers said. At 9am, the ringgit was...
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No longer business as usual in hot weather
Kuala Lumpur – The Meeting of the Technical Committee Tackling the El-Nino and Dry Weather today agreed on the definition of heatwave used by the Meteorological Department that is Level 0: Weather...
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Malaysia on track to achieve 4-4.5% GDP growth in 2016 – Zeti
Kuala Lumpur – Malaysia is on track to achieve gross domestic product (GDP) growth of between 4 to 4.5 per cent this year, says Bank Negara Malaysia Governor, Tan Sri Dr Zeti Akhtar Aziz. She...
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