Category: Business

Mydin Moves Toward Smarter Retail: RM447 Million Automated Distribution Centre Set to Reduce Foreign Worker Dependency

Mydin Moves Toward Smarter Retail: RM447 Million Automated Distribution Centre Set to Reduce Foreign Worker Dependency

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Mydin Mohamed Holdings Bhd is stepping boldly into the future with the launch of its upcoming automated national distribution centre (MDC) in Elmina, Selangor — a move expected to significantly reduce its reliance on foreign workers while boosting speed, accuracy, and operational strength. Managing director Datuk Ameer Ali Mydin shared that the state-of-the-art facility will […]

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Over 1 Lakh Tech Jobs Lost in 2025 as AI Sparks Global Shift — A New Era Begins

AI Wave Reshapes Global Tech Workforce: Over 1 Lakh Jobs Lost in 2025

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The global tech industry is experiencing one of its most significant workforce shifts in recent history, as artificial intelligence continues to reshape the future of work. More than one lakh employees have been laid off across 218 tech companies in 2025 alone, signaling a new era of automation-driven restructuring. From Silicon Valley to Bengaluru, leading […]

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US Dollar Still Dominates Global Forex: Speculation or Stability?

US Dollar Still Dominates Global Forex: Speculation or Stability?

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Bruce, Australia – October 1 – Despite frequent headlines about the supposed decline of the US dollar, new data suggests it remains the undisputed king of the global foreign exchange (forex) market. A recent survey from the Bank for International Settlements (BIS) reveals that global forex trading has skyrocketed to nearly USD 10 trillion per […]

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Gold Hits Record High, Set for Best Month in 14 Years Amid Market Uncertainty

Gold Hits Record High, Set for Best Month in 14 Years Amid Market Uncertainty

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Gold prices soared to an all-time high on Tuesday, marking a remarkable surge that positions the precious metal for its strongest monthly performance in 14 years. Investors are flocking to gold as concerns rise over a potential US government shutdown and growing expectations for further Federal Reserve rate cuts. In September alone, gold has climbed […]

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South Korea’s President Raises Alarm on U.S. Tariff Talks Impacting Foreign Exchange Market

South Korea’s President Raises Alarm on U.S. Tariff Talks Impacting Foreign Exchange Market

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SEOUL – In a candid exchange with U.S. lawmakers, South Korean President Lee Jae Myung voiced deep concerns over the ripple effects that ongoing tariff negotiations with the United States are having on his country’s foreign exchange market. Speaking in New York on the sidelines of the United Nations General Assembly, President Lee emphasized that […]

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