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India, EU to join hands to build global infrastructure projects Connectivity partnership aims to counter China Belt Road Initiative India and the European Union (EU) are looking to team up and build infrastructure projects globally that would counter China’s Belt and Road Initiative (BRI). The key focus for what has been described as a “connectivity” partnership would be on energy, digital and transportation projects in Europe, Asia and also Africa, the Financial Times reported on Thursday. Both sides were at pains to emphasise that the new partnership won’t attempt to “compete” with the BRI but the effort clearly is to block China from stitching together an “all roads lead to Beijing” zone in the three continents. ....
Kuantan Waterfront with its iconic landmark, the Kuantan 188 tower. - Filepic KUANTAN: From humble beginnings, Kuantan has come a long way to become a beacon of the east coast. The former tiny hamlet will officially be proclaimed as a city today by Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah. Kuantan will thus be the first in Pahang and the 18th in the country to be accorded city status. It is known as a major trade, commerce, tourism and transportation hub today and the greater region of the city centre can be traced back to settlements set up more than a century ago. ....
KUALA LUMPUR (Jan 27): Based on corporate announcements and news flow today, stocks that may be in focus tomorrow (Jan 29) include: Fraser & Neave Holdings Bhd, Fintec Global Bhd, Pasukhas Group Bhd, Power Root Bhd, Tasco Bhd, See Hup Consolidated Bhd, Pavilion REIT, Chin Hin Group Property, Lotte Chemical Titan Holdings Bhd, KLCC Stapled Group Bhd, Digi.Com Bhd, Pimpinan Ehsan Bhd, Guocoland (Malaysia) Bhd, KPower Bhd and TA Enterprise Bhd, Fraser & Neave Holdings Bhd s (F&N) revenue continued to recover in the first financial quarter ended Dec 31, 2020. It grew 13.6% quarter-on-quarter to RM1.08 billion from RM953.7 million, amidst a gradual recovery in local and export markets. The higher revenue lifted F&N s quarterly net profit, which doubled to RM136.8 million from the RM68.03 million achieved in the preceding quarter. ....
news What derailed the Singapore-Malaysia high-speed link, and where now for neighbours’ troubled relationship? Tashny Sukumaran in Kuala Lumpur A disagreement between Malaysia and Singapore over an assets company to operate a high-speed rail link between the two countries resulted in the project being abandoned. Photo: Reuters For many observers, the 2016 bilateral agreement between Malaysia and Singapore to construct a high-speed rail (HSR) link was a seminal moment in the neighbours history. The pact was a capstone of sorts to the energetic efforts of Singapore s Prime Minister Lee Hsien Loong and his then-counterpart, Najib Razak, to overcome an acrimonious past that included disputes over everything from water supply to outcrops in the sea, airspace, and land that belonged to Malaysia before Singapore split off to become an independent nation. ....