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9 foreign manufacturing firms have closed shop in Malaysia: deputy minister

Reasons include shrinking global economy, increased cost and competition, says Datuk Lim Ban Hong

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Bursa opens higher across the board on positive sentiment

Meanwhile, ringgit climbs against greenback over high Covid-19 recovery rate

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Construction firms eye MRT3 tender call: sources

Some of industry’s biggest names looking to partner up through consortiums or JVs, insider says

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Tesla to pay ex-worker US$137 mil over racism

California jury sides with Owen Diaz, a black man employed at EV giant from June 2015 to July 2016

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EU’s revised tax haven blacklist ‘a joke’, pans Oxfam

Anguilla, Dominica, Seychelles downgraded to annex grey list, which sees inclusion of Malaysia, among others

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Offshore companies at the heart of ‘Pandora Papers’

11.9 mil documents obtained by ICIJ show how elite use firms as tax havens to stash assets worth hundreds of millions of dollars

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IATA appoints MAG’s Izham to board of governors

He will hold post for 3 years till 2024

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AirAsia gets Danajamin nod for loan up to RM500 mil

Govt approval a strong endorsement of airline’s ability to recover quickly, says executive chairman

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Maybank to boost SME clients’ participation in digital Maybank2u Biz platform

App developed to help business owners manage multiple tasks on go, says CEO

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Raising charges will hamper air travel post-Covid-19 recovery: IATA

Current US$2.3 billion increase outrageous, amount could multiply tenfold, says association’s DG

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OECD calls for regional cooperation to lift e-commerce barriers in Asean

Organisation recommends lifting of expensive, unreliable deliveries in some Southeast Asian nations

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Chinese developer Fantasia fails to make debt payments

This adds to worries over the country’s property sector in wake of Evergrande woes

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Pour more money into palm oil downstream production, govt told

Industry should get more than current paltry allocation, says Malaysian Palm Oil Council