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Malaysia: Ringgit weighed by election risk

KUALA LUMPUR: The ringgit opened marginally lower against the US dollar today on a lack of market demand, a dealer said. At 9.21 am, the local unit was quoted at 3.8980/9010 from 3.8950/8000 recorded at Friday’s close. OANDA Head of Trading Asia-Pacific, Stephen Innes said the US 10-year yields are approaching three per cent and […]

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Malaysia: Public Bank has no bitcoin trading platform

KUALA LUMPUR: Public Bank Bhd has denied any affiliations with automated bitcoin trading platform purportedly called “PUBLIC COIN”.  “It has come to our attention of a website claiming that Public Bank has launched an automated bitcoin trading platform purportedly called “PUBLIC COIN”,” it said in a statement issued today.  “The website claims that investors can […]

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Lazada launch cross-border selling for Malaysia-Singapore

KUALA LUMPUR:  Regional e-commerce platform Lazada launched its pilot service which enables over 100 Lazada sellers in Malaysia will begin marketing their products to buyers in Singapore. Through the Digital Free Trade Zone (DFTZ), sellers will enjoy a one-stop solution with more efficient cargo clearance and goods and services tax (GST) exemptions, and overall, export […]

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