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Ford to buy lithium iron batteries from China’s CATL

DETROIT: Ford Motor Co said yesterday (July 21) it will import lower-cost lithium iron batteries for its North American electric pickup trucks and sports utility vehicles (SUV) from Chinese battery champion CATL, as it works on a broader alliance with CATL and an array of separate deals to secure battery and battery materials into the […]

FedEx to suspend Sunday deliveries in some US markets

BENGALURU (July 22): FedEx Corp said on Thursday (July 21) it is suspending Sunday delivery operations in some low-density, rural US markets starting from Aug 15. The US delivery giant said the move will increase the efficiency of its Ground unit which handles the bulk of the company’s e-commerce home deliveries and reach nearly 80% […]

Kenanga Research maintains brent crude price forecast above US$100 in 2022-23

KUALA LUMPUR, July 22 — Kenanga Research is maintaining its 2022-2023 brent crude oil price assumption of US$100-US$110 per barrel, underpinned by the resurgence of China’s demand to drive global demand. In a research note today, the brokerage firm added that the increased Russian sanctions, coupled with the Organisation of the Petroleum Exporting Countries and […]

MAHB’s total passenger traffic for Malaysia rises over six times in 1H22

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) recorded more than six times increase in its passenger traffic for Malaysia in the first half of 2022 (1H 2022) compared with the same period in 2021. In a statement today, MAHB said it registered a total of 20.25 million passengers through its network of airports nationwide from January to […]

Three new models added to Mercedes-EQ electric car family for Malaysian market

KUALA LUMPUR: Mercedes-Benz Malaysia has bolstered its position to “Lead in Electric” with the continuation of its product offensive strategy.  The company unveiled and added three new models to the progressive luxury electric vehicles (EVs) from the Mercedes-EQ sub-brand, reinfocing its commitment to pave the way for an electric future in Malaysia. The commitment is […]

Zafrul: National debt at RM1.045 trillion as of June

PETALING JAYA: The federal government’s debt up until the end of June 2022 stands at RM1.045 trillion, or 63.8%, of the country’s gross domestic product (GDP), Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said. In a parliamentary written reply yesterday, he said RM43.1 billion, or 18.4%, of Putrajaya’s estimated total revenue was allocated for […]

Comedian Rizal Van Geyzel pleads not guilty to three counts of cyber crime

KUALA LUMPUR, July 22 — Comedian Mohamad Rizal Johan Van Geyzel, who recently went viral for his stand-up routines which allegedly inflamed religious and racial sentiments, pled not guilty to three counts of cyber crime today at the at the Kuala Lumpur Cyber Crime Court. The co-owner of the Crackhouse Comedy Club in Taman Tun […]

Covid-19 cases fall below 5,000 mark, 10 deaths recorded on July 21

KUALA LUMPUR: Malaysia reported 4,587 new Covid-19 cases on Thursday, dropping from 5,685 infections the previous day. Of the fresh cases, 11 were imported while another 4,576 were local transmissions. Klang Valley contributed more than half of yesterday’s cases, with 1,408 reported in Kuala Lumpur, 1,399 in Selangor and 65 in Putrajaya. Other cases saw […]

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