BusinessToday's Trending Stories
Soft Space’s Patented FinTech Innovations Making Waves Globally
The volume of contactless mobile payments, which is on the rise globally, is expected to exceed US$10 trillion by 2027. More than 3.2 million devices were SoftPOS-enabled as of 2021, a number that is expected to grow by 24 million, or 8X the present figure, in 2026.
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Govt Announces Toll-Free Highways For Chinese New Year Travel
To ease the financial burden on citizens and ensure smooth travel during the festive season, the Malaysian government has declared toll exemptions for personal vehicles on Thursday and Friday in anticipation of Chinese New Year. Works minister, Alexander Nanta Linggi, announced the initiative, highlighting its alignment with the unity government’s commitment to safeguarding citizen welfare.
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Genetec Reaffirms Positive Outlook; CGS-CIMB Reiterates ADD Call
Genetec Technology Bhd’s management reaffirmed positive outlook as management guides for a strong orderbook replenishment pipeline of more than RM600 million for its electric vehicle (EV) and automotive segments in FY24 and FY25F.
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Kenanga Upbeat On SLP Resources’ Outlook On Pick-Up In Exports, Prospect For Buyer
Kenanga Research feels slightly upbeat on SLP Resources Bhd’s outlook as its exports to Japan has picked up and it is close to securing a new buyer for its machine direction-oriented polyethylene (MDO-PE) film.
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Suria Capital, Exsim Unit JV For RM4.2 Billion Mixed Commercial Project In KK
Suria Capital and BEDI Development Sdn Bhd ( a 75% owned unit of Exsim Berhad) have entered into two Joint Venture agreement for the purpose of developing two parcels of prime land within Kota Kinabalu Port area respectively measuring approximately 2.543 hectares held under Town Lease in Kota Kinabalu, Sabah.
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IPO: AGX Rises 6 Sen From Listing Price On Ace Market Debut
A notable debut by AGX Group Bhd was made on the ACE Market today by opening at a price of RM0.41, representing a 17.14% premium over its issue price of RM0.35 per share, with an opening volume of 6.87 million shares.
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Singapore’s DBS Maintains 2024 Guidance, Q4 Profit Beats Forecasts
DBS Group, Singapore’s biggest bank, maintained guidance for net interest income for 2024 at around last year’s levels after posting a 2 per cent rise in fourth quarter net profit, beating expectations.
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Hang Seng Index Futures: Climbing Above The 20-Day SMA Line
The HSIF managed to climb above the 20-day SMA line yesterday to close at 16,180 pts, as the bullish momentum picked up pace.
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Plantation 4Q23 Earnings Likely To Fall On Production, CPO Pricing Declines, Says RHB
The Malaysian plantation 4Q23 sector earnings are expected to decline QoQ and YoY, as production output declines post peak season and as the downtrending CPO prices should have a higher leverage on the returns.
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Malaysia Achieves Top Rankings In ITU IDI 2023
In the recent report from the International Telecommunication Union (ITU), Malaysia has solidified its position as a leader in telecommunication development worldwide. The 2023 Information and Communication Technology (ICT) Development Index (IDI 2023) showcased Malaysia’s remarkable achievement, scoring 94.5 points out of a total of 100. This score surpasses the global average of 72.8, positioning Malaysia at the forefront of telecommunication advancement.
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