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US rescinds Prudential’s ‘too-big-to-fail’ designation

US rescinds Prudential’s ‘too-big-to-fail’ designation

(AFP pic) WASHINGTON: US regulators on Wednesday removed insurance giant Prudential Financial from the list of financial institutions that are deemed “systemically important” and placed under heightened government supervision. The Financial Stability Oversight Council, created in the wake of the 2008 global financial crisis, announced it had voted to rescind its finding that trouble at […]

October 17, 2018 | By | Reply More
Digi announces healthy third interim dividend of 5.0 sen per share or RM389 million

Digi announces healthy third interim dividend of 5.0 sen per share or RM389 million

Digi.Com Berhad (Digi) announced steady Q3 2018 performance today, recording RM1,475 million in service revenue and a healthy EBITDA of RM725 million or 46% margin. Increasing data consumption on its network remains the key contributor to its performance, fuelling growth across its postpaid and prepaid internet business as well as new digital businesses, and contributing […]

October 17, 2018 | By | Reply More
SMEs Scored High In Computerisation But Lacking In Digital Presence

SMEs Scored High In Computerisation But Lacking In Digital Presence

The Digitalisation Survey of SMEs commissioned by Huawei Technologies and SME Corp. Malaysia recently revealed that usage of ICT among SMEs predominantly comes from personal devices as opposed to back-end business processes, such as Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM). Likewise, limited usage of social media and e-Commerce also showed that SMEs […]

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LRT3 to proceed at total cost of RM16.6b under fixed-price contract

LRT3 to proceed at total cost of RM16.6b under fixed-price contract

PETALING JAYA: The government has agreed to continue with the Light Rail Transit Line 3 (LRT3) from Bandar Utama (Petaling Jaya) to Johan Setia (Klang) project at a total cost of RM16.6 billion under a fixed price contract regime. In a filing with Bursa Malaysia, George Kent (Malaysia) Bhd said MRCB George Kent Sdn Bhd […]

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SC says yet to receive details of Country Heights' cryptocurrency plans

SC says yet to receive details of Country Heights' cryptocurrency plans

PETALING JAYA: The Securities Commission Malaysia (SC) is yet to receive detailed plans for Country Heights Holdings Bhd’s (CHHB) cryptocurrency and associated initial coin offering (ICO) after it was disclosed by the company a month ago.  “We have engaged the company and they have yet to provide us with details of the proposed ICO,” an […]

October 17, 2018 | By | Reply More
SC says yet to receive details of Country Heights' cryptocurrency plans

SC says yet to receive details of Country Heights' cryptocurrency plans

PETALING JAYA: The Securities Commission Malaysia (SC) is still in the dark about Country Heights Holdings Bhd’s (CHHB) plans for its own cryptocurrency and the associated initial coin offering (ICO) after they were disclosed by the company a month ago.  “We have engaged the company and they have yet to provide us with details of […]

October 17, 2018 | By | Reply More
US stocks fall on housing data, mixed earnings

US stocks fall on housing data, mixed earnings

President Donald Trump has repeatedly touted the spate of Wall Street records as proof of the success of his economic programme. (AFP pic) NEW YORK: Wall Street stocks retreated early Wednesday following lacklustre US housing data and mixed corporate earnings. About 20 minutes into trading, the Dow Jones Industrial Average stood at 25,620.19, down 0.7%. […]

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Canada becomes first industrialised nation to legalise cannabis

Canada becomes first industrialised nation to legalise cannabis

A woman waves a Canadian flag bearing a marijuana leaf as a group celebrates National Marijuana Day on Parliament Hill in Ottawa on April 20, 2016. Canada’s Senate voted on June 19, 2018, to legalize the recreational use of cannabis. (AFP pic) ST JOHN’S: Canada became the first industrialized nation to legalize recreational cannabis on […]

October 17, 2018 | By | Reply More
World stock recovery loses steam as European auto sector takes beating

World stock recovery loses steam as European auto sector takes beating

A monitor displays stock market information on the floor of the New York Stock Exchange . (Bloomberg pic) LONDON: A recovery by global stocks proved short-lived as warnings over a slowing European auto sector soured an upbeat mood, while Wall Street was set for a slightly lower open after enjoying its best session in eight […]

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Kumpulan Perangsang Selangor subsidiary secures RM162.5 mil contract

Kumpulan Perangsang Selangor subsidiary secures RM162.5 mil contract

KUALA LUMPUR: Aqua-Flo Sdn Bhd, a subsidiary of Kumpulan Perangsang Selangor Bhd (KPS), has secured a RM162.5 million contract from Pengurusan Air Selangor Sdn Bhd (Air Selangor). KPS said the contract, which was obtained via an open tender, would see Aqua-Flo supply and deliver chemicals to water treatment plants in Selangor, Kuala Lumpur and Putrajaya […]

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