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Asia Poly ceases to be Karyon's substantial shareholder after disposing of 5.97% stake
KUALA LUMPUR (Oct 18): Cast acrylic sheet manufacturer Asia Poly Holdings Bhd has ceased to be a substantial shareholder of Karyon Industries Bhd. In a bourse filing, Asia Poly said it between May 25 and Oct 15 disposed of 28.42 million shares or a 5.97% stake in Karyon in the open market for RM8.24 million. Following the disposal, Asia Poly is l
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14 low carbon community projects in Iskandar Puteri awarded RM168,000 grant
JOHOR BAHRU (Oct 18): A total of 14 community projects were awarded the Iskandar Puteri Low Carbon 1.0 Community Grant worth RM168,000 in an effort to promote and instill noble values among the community. The grant was awarded by the Iskandar Puteri City Council (MBIP) through a quadruple helix collaboration with Universiti Teknologi Malaysia (UTM
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Investors bet BOE's Bailey has begun countdown for rates' lift-off
LONDON (Oct 18): Investors bet on Monday that the Bank of England (BOE) plans back-to-back interest rate rises for its November and December meetings, with more to come next year, after BOE governor Andrew Bailey signalled the BOE would act to curb inflation expectations. Bailey said on Sunday that rising energy prices risked prolonging a coming s
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MyEG to raise up RM309m via private placement
KUALA LUMPUR (Oct 18): My EG Services Bhd (MyEG) plans to raise up to RM309 million via a private placement. This marks its second cash call in 10 months, after completing the first tranche of its previous placement exercise with the listing of 120 million new shares on Dec 17, 2020.  It successfully raised RM216 million from placing out the 120
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EVENING 5: Five things you need to know today
EVENING 5: AAX falls on plan to pay 0.5% of debt Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. AirAsia X sees its shares fall after proposing to pay just 0.5% of debt owed to each of its creditors. 2. The Kuala Lumpur High Court issues an arrest warrant against Transmile Group founder and form
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Malaysia to work with Indonesia on mutual recognition for vaccine certificates
KUALA LUMPUR (Oct 18): Malaysia is ready to hold talks at the policy and technical level with Indonesia for the mutual recognition of vaccination certificates, through the respective country's monitoring apps — MySejahtera (Malaysia) and PeduliLindungi (Indonesia). Malaysian Foreign Minister Datuk Saifuddin Abdullah said the mutual recognition of
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Local premix coffee producer penetrates Middle East market
KOTA BHARU (Oct 18): Homegrown premix coffee producer Akifcafe Coffee Industries Sdn Bhd has secured 10 unit stock keeping units (SKU) for markets in the United Arab Emirates (UAE) and Kuwait. Agriculture and Food Industries Deputy Minister II Dr Nik Muhammad Zawawi Salleh said the SKU orders involved 20-foot (ft) containers for the UAE market and
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Olympic flame for Beijing 2022 Winter Games lit in Ancient Olympia
ANCIENT OLYMPIA, Greece (Oct 18): The Olympic Flame that will be burning for the Beijing 2022 Winter Games was ignited on Monday at the birthplace of the Games in Ancient Olympia, Greece, Xinhua reported. During the traditional ceremony, actress Xanthi Georgiou in the role of an ancient Greek High Priestess used a concave mirror to focus the sun's
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Govt to resolve problems faced by fragrant rice padi farmers in Kelantan soon, says MAFI
KOTA BHARU (Oct 18): The government will resolve the problems faced by fragrant rice padi farmers in Kelantan in marketing their crops soon. Agriculture and Food Industries (MAFI) Deputy Minister II Dr Nik Muhammad Zawawi Salleh said his team had identified several causes to the decline in the sales of the crops, including the Covid-19 pandemic th
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Malaysia reports 5,434 new Covid-19 cases on Oct 18, lowest since June 28
KUALA LUMPUR (Oct 18): Malaysia reported 5,434 new Covid-19 cases on Monday (Oct 18), the lowest daily figure since June 28 when 5,218 infections were recorded. This is the 16th straight day that new cases stay below the 10,000 mark — down 11.57% from 6,145 the day before. Of the latest infections, only 151 or 2.8% were serious, involving those i
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MACC IPT Anti-Corruption Debate 2021 attracts 140 debaters
PUTRAJAYA (Oct 18): A total of 40 teams and 140 participants from institutions of higher learning (IPT) have confirmed their participation in the MACC IPT Anti-Corruption Debate Chief Commissioner Cup 2021. Among participating institutions of higher learning taking part are public institutions of higher learning, private institutions of higher lea
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CDW to buy Sirius Computer Solutions for US$2.5 billion
BENGALURU (Oct 18): IT solutions provider CDW Corp said on Monday it would buy Sirius Computer Solutions from an affiliate of private equity firm Clayton, Dubilier & Rice (CD&R) for US$2.5 billion in cash. With the acquisition, CDW expects its service portfolio to grow by about 45% and bolster its ability to help clients digitise their operations
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MIDA, MEDEF sign MoU to promote investments
KUALA LUMPUR (Oct 18): The Malaysian Investment Development Authority (MIDA) has signed a memorandum of understanding (MoU) with French private business network abroad, MEDEF International, to further encourage, promote and facilitate potential investments and business cooperation. The signing in Paris was witnessed by Senior Minister and Minister
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Inari Amertron partners Chinese firm to carry out OSAT manufacturing, related biz in China
KUALA LUMPUR (Oct 18): Inari Amertron Bhd has entered into a memorandum of understanding (MoU) with China Fortune-Tech Capital Co Ltd (CFTC) with the intention to set up a joint venture (JV) firm in China to carry out outsourced semiconductor assembly and test (OSAT) manufacturing and related businesses for the Chinese market. CFTC is a private eq
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Phase 1 of 5G cyber security lab installation kicks off
KUALA LUMPUR (Oct 18): CyberSecurity Malaysia, Celcom Axiata Bhd and Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia) have kick-started the first phase of the installation of the 5G cyber security test lab in Cyberjaya. Announced in February, the lab is set to not only execute test cases pertaining to the Internet of Things (IoT) technolog
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China's economy stumbles on power crunch, property woes
BEIJING (Oct 18): China's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages and wobbles in the property sector, highlighting the challenge facing policymakers as they seek to prop up a faltering recovery while reining in the real estate sector. Gross domestic product (GDP) expanded 4.9% from a year ago,
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Omesti buys another 1.36% stake in Microlink for RM10.5 mil
KUALA LUMPUR (Oct 18): Software and application developer Omesti Bhd has acquired 13.22 million shares in Microlink Solutions Bhd from the open market for RM10.47 million, or an average of 79.2 sen per share. In a bourse filing, Omesti said its wholly-owned unit Omesti Holdings Bhd (OHB) acquired the shares, which represents a 1.36% stake in Micro
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Covid-19: Govt to focus on one general SOP, nine guidelines — Hishammuddin
KUALA LUMPUR (Oct 18): The government will focus on one general Covid-19 standard operating procedure (SOP) that can be enforced through the Prevention and Control of Infectious Diseases Act 1988 (Act 342) and nine guidelines. Senior Defence Minister Datuk Seri Hishammuddin Tun Hussein said the general SOP is related to fixed measures to control t
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Software firm Informatica eyes US$9 billion valuation in stock market return
BENGALURU (Oct 18): Enterprise software developer Informatica Inc is seeking a valuation of up to US$9 billion in its return to the stock market nearly six years after it was taken private, the company said on Monday. The company will sell 29 million shares priced between US$29 and US$32 per share, it said in a filing. At the top end of that range
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Haily bags RM24.5m housing construction job in Johor
KUALA LUMPUR (Oct 18): Haily Group Bhd has bagged a contract worth RM24.5 million from Meridin East Sdn Bhd for the construction and completion of a terraced residential project in Plentong, Johor Bahru.  In a bourse filing, the group said the letter of award was accepted by its wholly-owned subsidiary Haily Construction Sdn Bhd.  The project com
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