BusinessToday's Trending Stories
Visa Free Nations Enjoy Surge In China Tourist This Year
The past Qingming Festival, a traditional Chinese festival during which people pay tribute to the dead and worship their ancestors, has seen another surge of Chinese travelers going to visa-friendly destinations from Southeast Asia to Africa, as some new favorable immigration policies for Chinese tourists started to take effect.
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Samaiden Resembles A Pocketful Of Sunshine; RHB Stays On Buy
RHB Investment Bank (RHB) remains optimistic on Samaiden Group’s prospects, driven by its extensive pipeline and solid position in the renewable energy (RE) sector.
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UOB KayHian Initiates Coverage On Alpha IVF, Raises Target Price
Strategic expansion into underserved markets and segments, alongside favourable industry trends, fueled UOB KayHian’s to note the projected three-year earnings growth at an impressive three-year CAGR of 19.0% (FY23-36F). The investment bank noted that the margins surpass those of its peers, showcasing Alpha IVF’s leading capabilities and execution. UOB KayHian initiates coverage with a BUY call and target price of RM0.40.
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Vern’s Owner Offers Apologetic Statement To Jakim Over Logo Resembling Word ‘Allah’ On Shoes
The Department of Islamic Development Malaysia (Jakim) recorded a statement from Vern’s Holding Sdn Bhd over the issue of the logo resembling the word Allah on the soles of its shoes today (Apr 8).
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Nextgreen , IOI To Develop RM600 Million Zero-Waste Pulp Plant
Nextgreen Global Berhad, IOI Corporation Berhad’s indirect wholly-owned subsidiary IOI Paper Pulp Sdn Bhd, have inked an agreement to develop the nation’s first large scale zero-waste paper pulp plant within the latter’s 410-acre Green Technology Park located in Pekan, Pahang.
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Sunzen Biotech To Shutdown Its Loss Making Animal Health Division
Sunzen Biotech Berhad has announced that as part of its business strategy transformation aimed at revitalising the financial performance will be to cease its of business operations of Animal Health division in order to reduce the financial expenditures and strengthen the financial performance f the company.
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Malaysia’s IPI Rises By 3.1% In Feb Induced By Positive Momentum In All Sectors, Says Stats Dept
The Industrial Production Index (IPI) grew modestly by 3.1 per cent in February 2024 after registering an increase of 4.3 per cent in the preceding month, the Department Of Statistics Malaysia (DOSM) said today (Apr 8), in its Index of Industrial Production, February 2024 release.
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MyCIF Unveils Incentives For MSMEs In Upstream Agriculture And Bio Economy Business
The Malaysia Co-Investment Fund, MyCIF Southeast Asia’s first public-private co-investment model using alternative financing platforms was established under Budget 2019 by the Ministry of Finance and administered by the Securities Commission has announced two new incentives for micro, small and medium enterprises (MSMEs) in the upstream agriculture and bio-economy businesses aimed at boosting the national food security.
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Feb’s Unemployment Rate Stands At 3.3%, Labour Market Position Foreseen To Grow Further: DOSM
February’s unemployment rate remained at 3.3 per cent, registering a lower number of unemployed at 567.0 thousand persons, the Department of Statistics Malaysia (DOSM) reported today (Apr 8) in its release on Statistics of the Labour Force, Malaysia, February 2024.
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MBSB Bank Discontinues E-Wallet Platform
MBSB Bank Bhd has declared today that its e-wallet platform will cease operations effective May 31, 2024. This strategic decision, as stated by the bank in a released statement, is part of its ongoing initiative to optimise and align its digital services.
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