Latest
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Forex
Extended ringgit fall to impact forex reserves
PETALING JAYA: Interest rate differentials remain a significant concern for the ringgit, says MARC Ratings.
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Nation
Retracted research papers not a concern, says deputy minister
KUALA LUMPUR: Malaysia ranking sixth globally for countries with the highest rate of research papers being retracted is nothing to worry about, says Deputy Higher Education Minister Mustapha Sakmud.
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Markets
Hedge fund veteran pitches first-ever emissions risk transfers
LONDON: A veteran of alternative investment management has started pitching a new type of securitisation he says will allow banks to cut the carbon footprint of their balance sheets.
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Nation
Penang Bridge users happy with open payment system
GEORGE TOWN: Penang motorists are happy with the open toll payment system that has now been extended to the Penang Bridge.
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Vietnam
Parliament to meet amid talk President may resign
THE country’s parliament is set to hold a special session to discuss “personnel matters” that may include the possible resignation of President Vo Van Thuong, according to officials with knowledge of the matter.
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Aviation
Korean Air nears deal for widebody jets
SEOUL: Korean Air Lines Co is close to making a significant order for Airbus SE widebody jets, according to people familiar with the matter, as the carrier looks to simplify its fleet once it merges with Asiana Airlines Inc.
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AseanPlus News
HK’s Hollywood Road is ‘second-coolest street’
Hollywood Road in Central, built over 180 years ago and is one of Hong Kong’s oldest streets, has been picked as the second-coolest street in the world by Time Out magazine.
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South Korea
North Korea fires missiles again
THE hermit kingdom fired multiple short-range ballistic missiles in what analysts said was a calculated move to grab attention as US Secretary of State Antony Blinken visits South Korea for talks.
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Nation
UiTM has two months to answer
PETALING JAYA: Universiti Teknologi Mara (UiTM), the Finance Ministry and the Higher Education Ministry have been given two months to respond to the Public Accounts Committee (PAC) on rectifying identified weaknesses, including UiTM’s purchase of shares worth RM259.98mil without approval.
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Metro News
Savouring tecoma splendour
A FLOWER backdrop is much sought after when it comes to taking photos or videos.
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Sabah & Sarawak
‘No grand promises in manifesto’
KOTA KINABALU: Sabah Barisan Nasional is drafting a new election manifesto for the coming 17th state election which is due before September 2025.
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Corporate News
Hanoi reports turbulent times as casinos accumulate huge losses
HANOI: The Finance Ministry has reported on the casino business situation in Vietnam, indicating that the pilot project allowing Vietnamese individuals to gamble is experiencing financial losses due to a decreasing number of players.
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Business
Funds cover CBOT soy and corn shorts, snap bean selling streak
SPECULATORS covered short positions in Chicago corn and soybeans last week, chipping away at their still-massive bearish bets as futures continued climbing off multi-year lows.
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STARPICKS
LEVEL PLAYING FIELD FOR SMES IN INTERNSHIP PROGRAMMES
KUALA LUMPUR: Talent Corporation Malaysia Bhd (TalentCorp) has launched a new grant where small and medium businesses (SMEs) can be reimbursed up to RM300 for each intern’s monthly allowance.
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Banking
A year on from Credit Suisse’s rescue, banks remain vulnerable
A year after the banking crisis that felled Credit Suisse, authorities are still considering how to fix lenders’ vulnerabilities –including in Switzerland, where the bank’s takeover by rival UBS created a behemoth.
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Nation
Hot spell triggers fire at Broga Hill
KAJANG: More than 2ha of forests at Broga Hill here went up in smoke after the dry spell triggered a fire.
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Food News
Iranian iterations
Saffron, cardamom, dried lime, turmeric, cinnamon and parsley – these are some of the spices commonly used in Iranian cuisine. Prior to 1935, Iran was known as Persia and during its halcyon days, certain aspects of Persian cuisine such as its prolific use of spices, spread far and wide to the extent that it even influenced Indian cuisine.
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Corporate News
Biden’s industrial policy is politics by another name
PRESIDENT Joe Biden signalled last week that his administration will oppose Nippon Steel’s proposed purchase of US Steel. As a matter of electoral politics, it’s easy enough to understand.
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Corporate News
Sunway a proxy for country’s economic growth
PETALING JAYA: Sunway Bhd presents investors exposure to growth in the property, construction and healthcare sectors and the underlying Malaysian economy.
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Corporate News
Epicon wins RM191mil building project
PETALING JAYA: Epicon Bhd has received a letter of award from Maju Teluk Batik Sdn Bhd for building works to two apartments in Bandar Meru Raya, Perak worth RM191.13mil.