BusinessToday's Trending Stories
Najib Razak’s Jail Term Halved From 12 To 6 Years: Sources
Singapore media CNA has reported that former Prime minister Najib Razak’s jail sentence for corruption has been reduced from 12 to six years by the Pardons Board following its meeting on Monday (Jan 29), sources including senior government officials told the agency.
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CGS-CIMB Raises Sunway’s Target Price (TP) On Growing Exposure To Healthcare
CGS-CIMB raised Sunway Bhd’s target price (TP) to RM4.30 given it growing exposure to healthcare, on top of the group’s strong property and construction franchises.
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Double Joy For HE Group As Unit Bags RM35 Million Job After ACE Market Debut
Double joy for HE Group Bhd after it successfully debuted on ACE Market of Bursa Malaysia Securities Bhd yesterday (Jan 30), as its unit has also secured a work order for a low voltage distribution system with a contract value of RM34.79 million.
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Antler Injects $5.1M In Record Pre-Seed Round For SEA Startups, Backing Seven In Malaysia
Global venture capital firm Antler has announced its largest pre-seed investment round to date, committing an impressive US$5.1 million (RM24.2 million) to 37 startups across Southeast Asia (SEA), with a particular focus on Malaysia. The round sets a new regional record for the highest number of pre-seed deals in a single funding round, underscoring Antler’s dedication to supporting the next generation of tech entrepreneurs in the SEA region.
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U.S. Fed Expected To Hold Interest Rates Steady But Considers Cuts
The Federal Reserve (Fed) will likely hold interest rates steady for a fourth straight meeting but avoid signalling an imminent interest-rate cut.
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Oil Equipment And Services – Aramco To Trim Capex In Future Years?
Saudi Arabia surprised yesterday when it ordered Saudi Aramco not to expand its crude oil production capacity to 13 mbpd.
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Sultan Ibrahim’s Inauguration As The 17th King Of Malaysia Today
In a historic moment for Malaysia, Sultan Ibrahim of Johor is set to take the oath of office as the 17th King of Malaysia today, marking the commencement of his five-year term. The auspicious ceremony will unfold at the 264th (Special) Meeting of the Conference of Rulers at Balairung Seri (throne room), Istana Negara.
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Stock Picks Of The Day – Solarvest Holdings, Ranhill Utilities, Perdana Petroleum, SSF Home Group
Solarvest Holdings is set to trend higher amid a breakout above the MYR1.40 resistance following a surge in trading volume yesterday – the stock charted a fresh 52-week high.
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Microsoft, Google Ride AI Wave As Revenues Surge
Microsoft and Google delivered solid corporate earnings yesterday as the tech giants said demand for artificial intelligence services stoked revenue.
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UPS To Cut 12,000 Jobs, Explore Options For Coyote Business
United Parcel Service plans to cut 12,000 jobs and explore strategic options for Coyote, its volatile trucking brokerage business, after the world’s largest parcel delivery company forecast full-year revenue below Wall Street’s target.
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