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Markets
Wall St Week Ahead: Earnings bolster US stocks
A strong earnings season and blockbuster reports from tech industry titans fueled a US stock market rebound from the first real swoon of 2024. Next week’s inflation data could determine whether the good vibes continue.
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Markets
Wall St posts another weekly gain ahead of inflation data
US stocks eked out modest gains on Friday and all three indices posted another weekly advance as investors parsed comments from Federal Reserve officials and looked ahead to crucial inflation data next week.
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Economy
New capacity in the pipeline
The data centre industry globally is seeing a major boost in new builds driven by demand from digitalisation, geopolitics and expectations for the potential artificial intelligence (AI) could present.
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Corporate News
Phison makes another attempt to enter Malaysia’s tech space
In a move marking its return to Malaysia’s technology scene, Taiwanese electronics company, Phison Electronics Corp, is set to inject RM100mil into a startup named MaiStorage.
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Corporate News
Coordinated approach crucial to strengthen SMEs
That small and medium enterprises (SMEs) are an important contributor to Malaysia’s gross domestic product (GDP) and workforce make it crucial to ensure they are resilient. And that calls for a coordinated approach by the government in building a robust ecosystem for the sector.
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Business
Wellness a top priority
Globally, consumers want effective, data-driven, science-backed health and wellness solutions as that they can take greater control of their health.
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Property
Focusing on affordability
Amid challenges in the property market such as high household debt, rising inflation and the escalating cost of living, the focus on affordability in residential developments has never been greater.
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Economy
Hong Kong housing, urban renewal groups in rare loan talks
Two Hong Kong bodies that work closely with the government are in rare talks with banks in the financial hub for syndicated loans, according to people familiar with the matter.
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Insight
US is a ‘monopoly’
Whether you are young or old, it is likely that at one time or another, you would have played a board game called Monopoly.
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Economy
China’s push for greener aluminium hit by erratic rains, power cuts
Erratic rainfall in China’s southwest is frustrating a multibillion-dollar push to green an aluminium industry that accounts for almost 60% of global output and, by some estimates, emits more carbon dioxide than Australia.
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Corporate News
Inari switches gear to remain relevant
It has been a case of mixed fortunes for semiconductor companies in Malaysia.
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Corporate News
CIMB Securities eyes larger market share
CIMB Securities Sdn Bhd has set its sight on achieving “high single-digit” market share by year-end.
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Insight
SIA reaching new heights
I am not a betting man, but if I were, I’d place some money on Singapore Airlines posting another record set of financial results on May 15.
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Insight
US-South-East Asia deal flows could be the new story of growth
The International Monetary Fund reported that the global economy is remarkably resilient. But is resilience enough?
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Economy
Tolerance for a cheaper yuan may be temporary
Currency markets are reading subtle signals from Chinese authorities as an indication they are slowly nudging the yuan lower to regain export competitiveness, but analysts say protracted yuan weakening is neither the intent nor desirable.
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Corporate News
MI Technovation posts three-fold surge in net profit
MI Technovation Bhd (MI Tech) will continue to diversify and expand its scale in 2024 .
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Economy
March industrial production index up 2.4%, but below forecast
The industrial production index (IPI) rose 2.4% year-on-year (y-o-y) in March 2024, below expectations.
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Corporate News
Yinson’s RM16bil debt too big to ignore
It is no secret that Yinson Holdings Bhd has been piling on borrowings to fund its projects, but with total debt crossing RM16bil or more than double its market capitalisation, the indebtedness issue has become too glaring for shareholders to ignore.
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Corporate News
Leap in operating income for UOB’s retail banking
United Overseas Bank (M) Bhd (UOB Malaysia) has posted a record high RM4.6bil total operating income and pre-tax profit of RM1.9bil for its financial year ended 2023.
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Corporate News
Perak Corp gets extension
Perak Corp Bhd has been given a six-month extension by Bursa Malaysia to submit its regularisation plan.