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Doors slam shut for China deals around the world

Doors slam shut for China deals around the world

The US Committee on Foreign Investment’s scope has been increased to encompass even minority and passive investments in critical technology, infrastructure, and businesses that handle personal data. Ant Financial’s Alipay: Rolling in Japan, but MoneyGram was off limits. (Bloomberg pic) NEW YORK: Doors are slamming shut in the developed world not just to Chinese investment […]

August 20, 2018 | By | Reply More
Teo Seng Capital’s Q2 net loss narrows to RM528,000

Teo Seng Capital’s Q2 net loss narrows to RM528,000

PETALING JAYA: Poultry farmer Teo Seng Capital Bhd’s net loss narrowed to RM528,000 for the second quarter ended June 30, 2018 against RM7.3 million in the previous corresponding period, due to the improved selling price of eggs and lower feed cost. Revenue was up 7.8% to RM102.73 million from RM95.27 million. The group has proposed […]

August 20, 2018 | By | Reply More
America’s top brands sweat next step in Trump’s China trade war

America’s top brands sweat next step in Trump’s China trade war

China has vowed to retaliate against all US tariffs but hasn’t announced a response to Trump’s proposal to put duties on another US$200 billion in Chinese imports next month. An advertising hoarding for Nike in Shanghai. (Bloomberg pic) NEW YORK: America’s corporate bosses could be excused if they don’t agree with President Donald Trump’s boasts […]

August 20, 2018 | By | Reply More
Venezuela’s 95% devaluation adds to chaos after drone attack

Venezuela’s 95% devaluation adds to chaos after drone attack

Maduro’s new strategy for managing the economy after years of disastrous policies undercut growth, sent prices soaring and turned a once wealthy country into a dysfunctional nation. Bolivar banknotes sit in a drawer at a Petroleos de Venezuela SA (PDVSA) gas station in Caracas, Venezuela, on Saturday, Aug. 18, 2018. Venezuelan shops shuttered and lines […]

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Malaysian economy to continue to expand at slower pace in Q4: Statistics Department

Malaysian economy to continue to expand at slower pace in Q4: Statistics Department

PETALING JAYA: The moderate current trend anticipates that Malaysia’s economy will continue expanding at a slower pace between October to December 2018, according to the Department of Statistics. The Leading Index (LI), which monitors the economic performance in average of four to six months ahead, saw an annual change of 0.3% in June 2018 as […]

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Most Asian markets start week on positive note

Most Asian markets start week on positive note

The possibility that the months-long US-China trade row that has battered world markets could be brought to an end was enough to lift optimism on trading floors. Hopes that China and the US can resolve their trade row has provided support to markets. (AFP pic) HONG KONG: Most Asian markets rose on Monday as investors […]

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Kossan’s share price up despite lower Q2 net profit

Kossan’s share price up despite lower Q2 net profit

PETALING JAYA: Kossan Rubber Industries Bhd’s share price rose slightly by 0.68% or 3 sen this morning, despite announcing lower net profit for the second quarter ended June 30, 2018. At 11.10 am, the stock stood at RM4.46 with 235,100 shares changing hands. Its net profit for the second quarter fell 2.48% to RM44.70 million […]

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Pesona Metro gains 3.27% on RM218.22m contract award

Pesona Metro gains 3.27% on RM218.22m contract award

PETALING JAYA: Pesona Metro Holdings Bhd’s shares gained 3.27% to 31.5 sen  on early trade after its joint venture (JV) with Intrasegi Sdn Bhd has been awarded a contract worth RM218.22 million for the construction of an office in Kuala Lumpur. At 10.50 am, the stock was trading at 31 sen with 10.03 million shares done. In […]

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Mercury Industries' shares fell 4.76% after unit’s PR1MA job terminated

Mercury Industries' shares fell 4.76% after unit’s PR1MA job terminated

PETALING JAYA: Mercury Industries Bhd’s share price tumbled six sen or 4.76% this morning after its 70%-owned unit Paramount Bounty Sdn Bhd’s (PBSB) RM73.06 million 1Malaysia People’s Housing Programme (PR1MA) contract has been terminated. At 10.45 am, the stock stood at RM1.20 with 5,000 shares changing hands. Mercury has RM50.6 million market capitalisation. The contract, […]

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Ringgit recovers ground against US dollar

Ringgit recovers ground against US dollar

KUALA LUMPUR: The ringgit recovered its position in opening slightly higher against the US dollar today, following a week of weakening against the greenback due to external factors. At 9am, the local note was traded at 4.0970/1020 versus the US dollar from last Friday’s close of 4.1050/1080. A dealer said tensions between the United States […]

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