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Margma expects   20pc export growth

Margma expects 20pc export growth

PETALING JAYA: The Malaysian Rubber Glove Manufacturers Association (Margma) is optimistic of achieving a 20 per cent export growth to RM12.8 billion this year, as global demand for the medical device remains firm and glove makers benefit from the strong US dollar. “This year, rubber glove exports are expected to expand 20 per cent to […]

September 14, 2015 | By | Reply More
Empowering lives

Empowering lives

F&N Dairies (Malaysia) Sdn Bhd bestowed the children of a charity-based tuition centre in Pangsapuri Enggang, Puchong with books to encourage reading. During its F&N Dairies’ Magnolia Milk Mooves Malaysia campaign, which was dedicated to promote the goodness and consumption of milk, the public was invited to nominate and donate books to the Kassim Chin […]

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Asian traders tread carefully ahead of US Fed decision

Asian traders tread carefully ahead of US Fed decision

HONG KONG: A mixed bag of Chinese economic data at the weekend added to concerns about the world’s number two economy Monday, while investors tread water ahead of a crucial US interest rate decision at the end of the week. After last week’s China-fuelled turmoil across global markets, there was more of a sense of […]

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Abbott tangles with regulators over Indian cough syrup complaint

Abbott tangles with regulators over Indian cough syrup complaint

NEW DELHI: Drugmaker Abbott Healthcare is challenging an Indian state’s accusation that a sample of the company’s cough syrup contained excessive levels of codeine, the second multinational to question India’s regulatory testing regime in recent months. Whether the sample of Abbott’s popular “Phensedyl” was a genuine product or a fake has not been established, but […]

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Bursa shares open higher but turn easier thereafter

Bursa shares open higher but turn easier thereafter

KUALA LUMPUR: Bursa Malaysia opened higher but turned easier thereafter as traders turned cautious and stayed on the sidelines, a dealer said. At 9.08am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.48 points easier at 1,602.12 after opening 0.092 of a point higher at 1,605.14. Market breadth, however, was positive with gainers outpacing […]

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Ringgit opens higher against US dollar

Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit continued last week uptrend momentum to open higher against the US dollar supported by buying interest for the local note, a dealer said. At 9am, the ringgit was quoted at 4.3060/3150 against the greenback from 4.3150/3200 last Friday. The dealer said Bank Negara’s decision to keep the overnight policy rate at […]

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Asia shares edge up, brush off soft China data

Asia shares edge up, brush off soft China data

TOKYO: Asian shares edged up on Monday in cautious trade, brushing off soft economic data from China, as investors looked to whether the U.S. Federal Reserve is confident enough to raise interest rates for the first time in a decade. U.S. stock futures rose 0.4 percent from late U.S. levels in early Asian trade while […]

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Airbus CEO says Alabama plant to focus on A321 production

Airbus CEO says Alabama plant to focus on A321 production

MOBILE, Ala.: Airbus Group’s new U.S. factory in Mobile, Alabama, will build predominantly A321 aircraft, the company’s largest single-aisle plane, Chief Executive Fabrice Brégier said on Sunday. More than half of the factory’s production will be A321 aircraft, which seat up to 240 passengers, Brégier said at a press conference before the plant’s opening on […]

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Swatch CEO plays down China turbulence

Swatch CEO plays down China turbulence

September 14, 2015 ZURICH: Swiss watchmaker Swatch is not worried by economic and market turbulence in China, Chief Executive Nick Hayek told a Sunday newspaper, noting its sales to Chinese customers will rise when stripping out exchange rate swings. “This year as well we will sell the Chinese in China and outside of China more […]

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China unveils details of state-firm reforms as growth sputters

China unveils details of state-firm reforms as growth sputters

BEIJING: China unveiled details on Sunday of how it would restructure its state-owned enterprises (SOEs), including partial privatization, as data pointed to a cooling in the world’s second-largest economy. The guidelines, jointly issued by the Communist Party’s Central Committee and the State Council, China’s cabinet, included plans to clean up and integrate some state firms, […]

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