[ad_1] KUALA LUMPUR (Nov 3): The FBM KLCI closed down 5.01 points or 0.34% at 1,461.45 today, while the Bursa Malaysia index for small-cap (small-cap) equities rose 2.21% as investors weighed Bank Negara Malaysia (BNM) decision to hold interest rates. During an eventful week, which will see markets gearing up …
Read More »Ant Group’s $ 37 billion listing in Shanghai and Hong Kong suspended
[ad_1] HONG KONG (Reuters) – Ant Group’s $ 37 billion listing was suspended in both Shanghai and Hong Kong in a dramatic move just two days ahead of what was slated to be the world’s largest stock market debut. The Shanghai Stock Exchange first announced that it had suspended Ant’s …
Read More »China halts $ 35bn Ant IPO of Jack Ma
[ad_1] (Nov. 3): China halted the sale of Ant Group Co shares for US $ 35 billion in Shanghai and Hong Kong, derailing the world’s largest initial public offering. The Shanghai Stock Exchange will suspend listing after Ma was called in for “supervisory interviews” by related agencies, it said in …
Read More »Ant Group IPO suspended in Shanghai and Hong Kong
[ad_1] An Ant Group logo is seen at the company’s headquarters on October 9, 2020 in Hangzhou, China’s Zhejiang province. Ding Junhao | Visual China Group | fake images SHANGHAI, China – Ant Group’s initial public offering (IPO) that set a world record in Shanghai and Hong Kong was suspended. …
Read More »Ministries to seek advice following Saudi decision to allow pilgrims to umrah
[ad_1] Saudi Arabia has announced that it will reopen its Muslim holy sites for the umrah pilgrimage throughout the year. (AP Image) PETALING JAYA: The ministries of religious affairs and foreign affairs said they will consult the National Security Council (MKN) and the Ministry of Health for advice, following Saudi …
Read More »Malaysia Airports and Alibaba introduce new electronic fulfillment center
[ad_1] With Cainiao Aeropolis eWTP Hub, Malaysia, KLIA is expected to double its annual cargo volume to 1.4 million tonnes by 2029. PETALING JAYA: Malaysia Airports Aeropolis and Alibaba Group have announced the launch of their joint venture, Cainiao Aeropolis eWTP Hub, Malaysia, in the hope that it can reinforce …
Read More »Singapore to stop issuing Singapore $ 1,000 banknotes in 2021 over money laundering fears
[ad_1] MAS stopped printing the S $ 10,000 note in 2014. SINGAPORE: Singapore will stop issuing Singapore $ 1,000 banknotes from January 1, a move that, according to the Monetary Authority of Singapore (MAS), will reduce the risk of money laundering and terrorist financing. Until December, MAS will issue a …
Read More »BNM maintains OPR at 1.75% in the final monetary policy meeting for 2020
[ad_1] KUALA LUMPUR (Nov 3): Bank Negara Malaysia (BNM) decided to keep the overnight policy rate (OPR) at 1.75% today as the country’s economic activity is forecast to improve further and the central bank expects that the country’s underlying inflation is maintained. subdued as the global economy faces a resurgence …
Read More »Bank Negara retains OPR at 1.75%
[ad_1] KUALA LUMPUR: Bank Negara Malaysia’s Monetary Policy Committee (MPC) has maintained the Overnight Monetary Policy Rate (OPR) at 1.75%, which is in line with expectations. In a statement issued Tuesday, it said the MPC considered the monetary policy stance to be appropriate and accommodative. “The cumulative 125 basis point …
Read More »AirAsia Wins Asia’s Leading Low-Cost Airline for 8 Consecutive Years
[ad_1] KUALA LUMPUR: AirAsia has once again been honored as Asia’s Leading Low-Cost Airline for the eighth year in a row at the World Travel Awards (WTA) 2020. In a statement today, AirAsia said it received the highest votes from travel professionals and industry players in the region to win …
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