<div class=newsTextDataWrapInner><p>JAKARTA (June 13): Malaysia's AirAsia Bhd  has dropped a plan to acquire Indonesian low-cost carrier Tigerair Mandala, AirAsia Group Chief Executive Tony Fernandes told Reuters.</p></div>
<div class=newsTextDataWrapInner><p>Singapore-based Tiger Airways Holdings Ltd is looking to sell its 35.8 percent in Mandala to cut its overseas exposure and focus on returning its flagship Tigerair business to profitability.</p></div>
<div class=newsTextDataWrapInner><p>"We would like to confirm that we evaluated to purchase Mandala. And after a long search have decided not to pursue this transaction," Fernandes said in an email.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div><div class=newsTextDataWrapInner><p>
"AirAsia Indonesia is doing well now and our third and fourth quarters are looking good. Indonesia remains our main growth story. Organic is the way," he said. - Reuters <br /></p></div>

JAKARTA (June 13): Malaysia's AirAsia Bhd  has dropped a plan to acquire Indonesian low-cost carrier Tigerair Mandala, AirAsia Group Chief Executive Tony Fernandes told Reuters.
Singapore-based Tiger Airways Holdings Ltd is looking to sell its 35.8 percent in Mandala to cut its overseas exposure and focus on returning its flagship Tigerair business to profitability.
"We would like to confirm that we evaluated to purchase Mandala. And after a long search have decided not to pursue this transaction," Fernandes said in an email.
"AirAsia Indonesia is doing well now and our third and fourth quarters are looking good. Indonesia remains our main growth story. Organic is the way," he said. - Reuters

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British finance minister Rachel Reeves said she will introduce "guardrails" to ensure that extra borrowing for investment in her first budget is not excessive as she seeks to reassure investors about an expected rise in public debt.

UK's finance minister promises 'guardrails' around extra borrowing in budget

PUTRAJAYA (Oct 5): The number of oncologists in Malaysia is expected to increase to 400 by 2040, up from the current 175, said Health Minister Datuk Seri Dr Dzulkefly Ahmad.

He stated that this target can be achieved with Malaysia’s participation in the Fellowship of the Royal College o...

Dzulkefly: Number of oncologists in Malaysia to reach 400 by 2040

The government is working to expand the network of cancer centres in Malaysia, Deputy Prime Minister Datuk Seri Fadillah Yusof said.

He said two new centres will be established as part of this initiative — the Northern Region Cancer Centre in Kedah and the Sarawak Cancer Centre in Kota Samarahan, Sarawak.

Fadillah: Govt to expand cancer centre network in Malaysia

Open bidding of renewable energy certificates (RECs) generated this year through the Malaysia Green Attribute Trading System (mGATS) platform will take place from the seventh to the 11th of every month, until all the RECs offered have been fully acquired.

Energy Ministry kicks off open bidding of renewable energy certificates generated this year

Wynn Resorts Ltd said it has been awarded the first commercial gaming operator’s licence in the United Arab Emirates by the country’s General Commercial Gaming Regulatory Authority.

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Boeing's and its largest union said on Friday that contract talks will resume on Oct 7, as both sides seek an agreement to end a strike by around 33,000 of the planemaker's US West Coast factory workers.

Boeing, striking union to return to negotiations on Monday

Boustead Properties Bhd, under its Mutiara Spaces brand, has launched a new mobile app — Mutiara X Super App — on Thursday.

The app serves as a digital platform that consolidates Mutiara Spaces’ offerings into one touchpoint. It provides customers with access to exclusive rewards, extra privileges and a seamless experience across lifestyle, property and reward programmes.

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It is now conventional wisdom that global capital flows to the developing world are pro-cyclical, increasing when advanced economies ease monetary policy and retreating when their interest rates rise. A case in point is the growing number of developing countries experiencing liquidity and solvenc...

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The European Union unleashed one of its most powerful economic tools on China, imposing tariffs on electric vehicles (EVs) in a move that increases the risk of retaliatory measures and backfiring on domestic consumers and companies.

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The Madani government will address the issue of inflation in Budget 2025, which will be tabled on Oct 18, Prime Minister Datuk Seri Anwar Ibrahim said.

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<p>The Madani government will address the issue of inflation in Budget 2025, which will be tabled on Oct 18, Prime Minister Datuk Seri Anwar Ibrahim said.</p>


<p>Although the palm oil sector has been the backbone of the Malaysian economy for over five decades, in recent years it has been beset by a myriad of problems, from rising production costs to stagnating yields to labour shortages.</p>


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<p>The ringgit has yet to reach its fair value despite its recent rise against the US dollar and emerging as Southeast Asia’s best-performing currency, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Anwar: Ringgit’s recent rise beneficial for Malaysia, but yet to reach fair value

<p>Wynn Resorts Ltd said it has been awarded the first commercial gaming operator’s licence in the United Arab Emirates by the country’s General Commercial Gaming Regulatory Authority.</p>


<p>Open bidding of renewable energy certificates (RECs) generated this year through the Malaysia Green Attribute Trading System (mGATS) platform will take place from the seventh to the 11th of every month, until all the RECs offered have been fully acquired.</p>


<p>The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors who had worried the economy may be getting too weak.</p>


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<p>Over at The <b>Reserve Bank of Australia</b>, the minutes for its <b>September policy meeting</b> will be released on Tuesday.</p>


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<p>A high-stakes corporate earnings season kicks into gear next week, with bullish investors hoping results will justify increasingly rich valuations in a US stock market near record highs.</p>


Investors look to earnings to support record-high US stock prices

<p>Boustead Properties Bhd, under its Mutiara Spaces brand, has launched a new mobile app — Mutiara X Super App — on Thursday.</p>

<p>The app serves as a digital platform that consolidates Mutiara Spaces’ offerings into one touchpoint. It provides customers with access to exclusive rewards, extra privileges and a seamless experience across lifestyle, property and reward programmes.</p>


<p>The European Union unleashed one of its most powerful economic tools on China, imposing tariffs on electric vehicles (EVs) in a move that increases the risk of retaliatory measures and backfiring on domestic consumers and companies.</p>


<p>PUTRAJAYA (Oct 5): The number of oncologists in Malaysia is expected to increase to 400 by 2040, up from the current 175, said Health Minister Datuk Seri Dr Dzulkefly Ahmad.</p>

<p>He stated that this target can be achieved with Malaysia’s participation in the Fellowship of the Royal College o...

<p>Boeing's and its largest union said on Friday that contract talks will resume on Oct 7, as both sides seek an agreement to end a strike by around 33,000 of the planemaker's US West Coast factory workers.</p>


<p>The government is working to expand the network of cancer centres in Malaysia, Deputy Prime Minister Datuk Seri Fadillah Yusof said.</p>

<p>He said two new centres will be established as part of this initiative — the Northern Region Cancer Centre in Kedah and the Sarawak Cancer Centre in Kota Samarahan, Sarawak.</p>


<p>It is now conventional wisdom that global capital flows to the developing world are pro-cyclical, increasing when advanced economies ease monetary policy and retreating when their interest rates rise. A case in point is the growing number of developing countries experiencing liquidity and solvenc...

<p>British finance minister Rachel Reeves said she will introduce "guardrails" to ensure that extra borrowing for investment in her first budget is not excessive as she seeks to reassure investors about an expected rise in public debt.</p>
