buy apple developer account :Summary of business news from April 5 to 11



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Malaysia accepts 14% cost increase in China-led rail project, taking longer route

Malaysia said on Monday that it had accepted an increase of nearly 14% in the estimated construction cost for the proposed East Coast Rail Link (ECRL), part of China's Belt and Road Initiative, as the length of the route would be slightly longer. The Malaysian unit of China Communications Construction Co Ltd, CCC-ECRL, is contracted to build the line. Mahathir put the project on ice because of allegations of corruption and in order to discuss the price, however, he lost power a year ago.

Concerns remain on proposed Celcom-Digi merger

AFTER Digi. com Bhd and Axiata Group Bhd's subsidiary Celcom Axiata Bhd announced their merger plan to become the country's largest telecommunications company, both stocks soared significantly. On Thursday, Axiata's wholly owned unit Celcom and Norway-based Telenor's 49% unit Digi announced their plan to merge to become the country's largest telco provider Celcom Digi Bhd (CDB). Assuming no synergies from the merger, we estimate that Digi's forecast financial year 2022 (FY22) earnings per share will increase by 5%, while Axiata's will decrease by 10% as Digi's equity appears to be valued 67% above Celcom's from the share and cash exchange. Four Malaysians make debut on Forbes billionaires list

New Malaysian entrants to the Forbes world's billionaires list this year include the Tan brothers of MR DIY Group (M) Bhd, Westports Holdings Bhd's Tan Sri G Gnanalingam and Greatech In Forbes' 35th annual list of the world's billionaires, brothers Tan Yu Yeh and Tan Yu Wei made their debut with estimated net worths of US$1.8bil and US$1.1bil respectively. Gnanalingam was included in the list with an estimated net worth of US$1.7bil while Tan Eng Kee became another of the world's US-dollar billionaires with an estimated net worth of US$1.1bil.

Genting to proceed with theme park

Genting Bhd remains cautious on its near-term prospects in the leisure and hospitality industry but says it is in a good position to capitalise on the eventual recovery in the sector. In spite of this, the group will move forward with its planned expansions for its respective business units. These unprecedented challenges will not deter us from carrying out the group's long-term business strategies that will also help to spur the local economies.

Will inflation return?

Currently, inflation will rise 1% in 2021, and 1.3% in 2022. The best environment for risk assets is when inflation is low, but rising. Europe cannot afford a stronger euro, but there is not much it can do. Giant step to revamp image

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