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Virgin Active To Buy Holmes Place Germany For 135 Mln Euros

KUALA LUMPUR, Nov 10 (Bernama) -- Fitness and wellness brand, Virgin Active has agreed to acquire Holmes Place Germany for 135 million euros in cash, marking its entry into Europe’s largest fitness market. (1 Euro = RM4.55)

Malaysia’s Palm Oil Stocks Rise 3.15 Pct To 3.62 Mln Tonnes In October - MPOB

KUALA LUMPUR, Nov 10 (Bernama) -- Malaysia’s total palm oil stocks rose by 110,610 tonnes, or 3.15 per cent, to 3.62 million tonnes in October this year from 3.51 million tonnes a month earlier, according to the Malaysian Palm Oil Board (MPOB).

Bursa Malaysia Extends Losses At Midday In Contrast With Regional Peers

KUALA LUMPUR, Nov 10 (Bernama) -- Bursa Malaysia continued its downward trend at midday on Tuesday despite positive sentiment among regional peers.

Malaysia's IPI Up 6.3 Pct Y-O-Y In September -- DOSM

KUALA LUMPUR, Nov 10 (Bernama) -- Malaysia’s Industrial Production Index (IPI) rose 6.3 per cent year-on-year in September, driven mainly by the manufacturing sector, which recorded sales valued at RM191.1 billion.

Mega Projects, Buildings Must Address Public Welfare, Societal Needs — PM Anwar

KUALA LUMPUR, Nov 10 (Bernama) -- Mega projects and buildings must address public welfare and societal needs as ignoring these risks would fuel frustration and resentment, said Prime Minister Datuk Seri Anwar Ibrahim.

Malaysia Among Three Asian Markets With Net Foreign Inflows, Attracts US$381.3 Mln

KUALA LUMPUR, Nov 10 (Bernama) -- Foreign institutions extended their net buying streak to two consecutive weeks on Bursa Malaysia, recording net inflows of US$381.3 million (US$1=RM4.05), according to MBSB Investment Bank Bhd (MBSB IB).

Bursa Malaysia's Key Index Opens Lower Despite Positive Sentiment On Wall Street

By Zufazlin Baharuddin

KUALA LUMPUR, Nov 10 (Bernama) -- Bursa Malaysia’s key index opened lower on Tuesday after a long weekend break for the Deepavali holiday despite positive sentiment on Wall Street overnight.

Softbank, Grab Announce US$1.85 Bln Initial Seed Capital For Malaysia's AI Infrastructure

By Anas Abu Hassan

SINGAPORE, Nov 9 (Bernama) -- SoftBank Group Corp and Grab Holdings Ltd on Monday announced the signing of joint development agreements in connection with plans for US$1.85 billion (US$1=RM4.06) initial combined seed capital to develop artificial intelligence (AI) infrastructure in Malaysia with Petroleum Sarawak Bhd (Petros).

Under JS-SEZ, Nexus Sedenak Strengthens Kulai's Role As Economic Hub - Teo

KULAI, Nov 9 (Bernama) -- The high-impact Nexus Sedenak project will become a primary growth catalyst for the southern region’s economy as one of the new industrial and logistics hubs under the Johor-Singapore Special Economic Zone (JS-SEZ).

Lower Inflation Does Not Mean Lower Cost Of Living, CPI Only Tells Part Of Story

KUALA LUMPUR, Nov 9 (Bernama) -- While Malaysia’s inflation rate has moderated, the easing trend does not necessarily translate into a lower cost of living for households, highlighting the difference between changes in consumer prices and the actual affordability of everyday necessities.

Chartered Institute Of Logistics Sabah Calls For Study On Kota Kinabalu Airport

By Jailani Hasan

LABUAN, Nov 8 (Bernama) -- The future of Kota Kinabalu International Airport (KKIA), whether to retain, expand or relocate it, must be determined through a comprehensive assessment of its economic viability, operational capacity and long-term benefits to Sabah, said the Chartered Institute of Logistics and Transport Malaysia (CILTM) Sabah Section.

Malaysia To Propose US$500 Bln D-8 Trade Target To Cabinet - Ahmad Zahid

From Siti Nurhana Sharifah Mat Nazir

ISTANBUL, Nov 8 (Bernama) -- Malaysia will deliberate on the Developing Eight (D-8) Organisation for Economic Cooperation’s target to raise intra-member trade to over US$500 billion by 2030 before the matter is brought to the Cabinet.