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Business News Archives - New Malaysia News

KPMG’s annus horribilis continues with fine for Ted Baker audits
BERLIN: For KPMG, another week, another rebuke from U.K. accounting regulators. [...]
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Utusan is now a PN17 company
PETALING JAYA: Umno-linked media company Utusan Melayu (M) Bhd has been classified as a Practice Note 17 (PN17) company, denoting its financials were inadequate as a listed entity. [...]
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CIMB introduces benefits for staff with special needs children
KUALA LUMPUR: CIMB Group Holdings Bhd today introduced fresh policies for staff with special needs children by providing financial assistance and flexible work arrangements to help them focus on their children and career. [...]
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Xpand and Koble sign exclusive licensing partnership
KUALA LUMPUR: Axiata Group Bhd’s wholly owned subsidiary Axiata Business Services Sdn Bhd has signed an exclusive licensing agreement covering the Asia region to offer small and medium-sized enterprises (SME) and larger enterprises a digital business matchmaking service to meet buyers and suppliers that are a perfect match for potential commercial opportunities. [...]
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PIE Industrial shares fall 6% on lower Q2 profit
KUALA LUMPUR: PIE Industrial Bhd’s share price on Bursa Malaysia fell over 6% in early trade Monday after the company reported a 35% year-on-year decrease in second quarter net profit. [...]
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Really, it’s the PM’s prerogative
THE Council of Eminent Persons (CEP) is set to stay longer than 100 days. [...]
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Who says populist policies are bad
IF the jury is still out on whether it pays to be truthful, the verdict is clear – there is certainly a premium for being transparent in revealing the true state of the country. [...]
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External headwinds buffet Bursa Malaysia
The Turkish factor came into play this week with its currency, the lira, plummeting to record lows and raising fears of a contagion effect on other emerging market currencies. [...]
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Eye on Stock: Mikro MSC
MIKRO MSC Bhd (code: 0112) crossed the 200-day simple moving average (SMA) for the first time since January this year, giving it more bullish prospects as it attempts to recover lost ground. [...]
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China firms propose RM41bil for Malaysia’s third national car project
<font color="Red"><b>EXCLUSIVE:</b></font> TWO companies from China have proposed to invest US$10bil (RM41bil) in Malaysia’s third national car project and build a regional automobile hub to cater for the region in southern Perak, according to official sources. [...]
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Creador commits RM1bil in Malaysia
SAVVY investor Brahmal Vasudevan makes his move yet again. His private equity (PE) firm Creador Sdn Bhd recently closed its fourth fund at over US$500mil (RM2bil), making it one of the largest capital raised for a Malaysian-based PE firm. [...]
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Economists: Malaysia economy slowing down
BANK Negara has lowered Malaysia’s economic growth forecast for 2018 to 5% from its earlier estimate of 5.5%-6%. For those in the loop, the move is largely unsurprising. [...]
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