(Kuala Lumpur, July 7) The Statistics Department announced that the Industrial Production Index (IPI) grew 4.6% year-on-year in December last year, driven by expansion in all industries. Datuk Mohd Uzir, chief statistician of the Statistics Department, said that the manufacturing industry (accounting for 68.3% of the index) expanded 5.8% year-on-year, performing better than the 4.6%…
Northern TK Venture (NTK), a subsidiary of IHH Healthcare Group (IHH, 5225, Main Board Healthcare), is seeking up to 109.3 billion Indian rupees (RM5.5 billion) from Japanese pharmaceutical company Daiichi Sankyo, accusing the company of causing losses when it blocked its acquisition of Fortis Healthcare in 2018. IHH Healthcare Group said in a statement that…
Overnight, the three major US stock indexes rose and fell. The Malaysian stock market fell this morning, ending the previous three consecutive days of opening higher. As of 9:10, the KLCI fell 0.97 points or 0.06% to 1584.20 points. The KLCI opened at 1583.62 points this morning, 1.55 points lower than yesterday’s closing of 1585.17…
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