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103619251 Private ID: 103619251
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    As 2023 unfolded, the global hospitality industry showcased commendable resilience, achieving full recovery in key performance metrics like Revenue per Available Room (RevPAR). By November, regions such as the Middle East, Europe, and the Americas had RevPAR soaring between 94% and 121% of the levels seen in 2019, signalling a robust resurgence across the sector. The Asia Pacific region, although trailing slightly...
    Resilience and Revival, The Ascending Trajectory of the Global Hospitality Industry
    Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.
    Prime Minister Datuk Seri Anwar Ibrahim met Berjaya Corp Bhd founder Tan Sri Vincent Tan and Genting Group’s Tan Sri Lim Kok Thay last week at the development on the southe...
    Malaysia Is Said to Mull Casino Resort to Revive Forest City
    FOREIGN investors significantly reduced their holdings in Asian bonds last month, as traders reassessed their expectations of a U.S. Federal Reserve rate cut amid persistent inflationary pressures.
    Additionally, caution over national elections in South Korea and India also affected capital flows into the region.
    Foreign investors offloaded last month a net $4.7 billion worth of bonds in South Korea, Indonesia, Thailand, Mal...
    $EATECH(5259.MY)$
    EA Technique has secured medium to long term time charter contracts of between two and eight years for most of its vessels. (Photo by EA Technique)
    EA Technique has secured medium to long term time charter contracts of between two and eight years for most of its vessels. (Photo by EA Technique)
    This article first appeared in The Edge Malaysia Weekly on April 1, 2024 - April 7, 2024
    AFTER more than two years being classified as a Practice No...
    EA Technique Ready to Exit PN17 Status
    EA Technique Ready to Exit PN17 Status
    EA Technique Ready to Exit PN17 Status
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    Malaysia's official reserve assets amounted to US$114.28 billion as at end-February 2024, while other foreign currency assets stood at US$202.69 million, according to Bank Negara Malaysia (BNM). (US$1=RM4.73)
    The central bank said the detailed breakdown of international reserves provides forward-looking information on the size, composition and usability of reserves and other foreign currency assets in accordance with ...
    The buying of Bursa Malaysia equities following the US Federal Reserve's dovish announcement on Wednesday helped to narrow the net outflow of foreign funds from the domestic market.
    In its weekly fund flow report, MIDF Research said the net foreign selling on Bursa Malaysia, for the fourth consecutive week, was 24.4% lower than in the week before at RM313.8mil.
    Foreign investors had net sold domestic stocks from Monday to Wednesday, with...
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