Sunday, September 16th, 2018


Macron walks back on pledge to end ‘exit tax’ on high earners

PARIS, Sept 16 — France will keep a less restrictive version of its “exit tax” on wealthy people who take assets out of the country, and not completely scrap it as President Emmanuel Macron pledged earlier this year. The 30 per cent levy was…

Rakuten: Malaysia remains lucrative investment destination despite volatile global trade

KUALA LUMPUR, Sept 16 — Despite the gloomy global economic outlook, foreign investors still view Malaysia as a lucrative investment destination, owing to the country’s stable political landscape and steady energy prices. Rakuten Trade Sdn Bhd…

Resilient China is firewall in emerging currency crisis

PARIS, Sept 16 — China is the last bulwark against a deep crisis in emerging economies going fully global, analysts say, although a prolonged trade war could sap Beijing’s defences. Emerging countries — loosely defined as having fast growing…

Are we there yet? No bottom in sight for China stocks

SHANGHAI, Sept 16 — Shanghai is the world’s worst-performing major stock market this year despite respectable corporate earnings, a disconnect which is feeding growing talk that Chinese equities are now a screaming buy. Not so fast, say brokers…

Maduro says oil finance commitments won from China

CARACAS, Sept 16 — Venezuelan President Nicolas Maduro said yesterday he had new commitments from Beijing on funding for the oil industry on which crisis-hit Caracas relies. Oil output is the main generator of Venezuela’s income but has fallen…

Trump ‘likely’ to announce new China tariffs as early as Monday -source

WASHINGTON, Sept 16 — US President Donald Trump is likely to announce new tariffs on about US$200 billion (RM827.7 billion) on Chinese imports as early as tomorrow, a senior administration official told Reuters yesterday. The tariff level will…

Sugar tax spells bitter times ahead?

Malaysia has had a long-standing relationship with sugar. With an average production of 1.678 million metric tonnes of sugar annually over the past five years, and bearing the badge of honour as one of the world’s top sugar importers, it is clear that sugar plays a very important part in Malaysia’s economy – and diet. […]

Market to consolidate

After a long holiday break last week, the market was volatile as it seeks catalysts. It started with a bearish note as global markets were bearish and ended up higher in a week after markets rebounded strongly. The FBM KLCI closed 0.3 per cent higher at 1,803.76 points in the short trading week but the […]

Crude Palm Oil Weekly Report – September 15th, 2018

The Malaysian palm oil futures were down due to stronger ringgit and bearish data for August from Malaysian Palm Oil Board (MPOB), despite gains earlier due to support from a strong demand outlook. The benchmark crude palm oil futures (FCPO) contract fell 1.85 per cent to RM2,222 on Thursday, which was RM42 higher than RM2,264 […]

Philippine Stock Exchange to introduce short selling

Investors in the Philippine Stock Exchange (PSE) are set to have a wider range of products and trading options at their disposal, with the exchange announcing that short selling will be made available during the third quarter of this year. As set out by the PSE last month, short selling will be restricted to exchange-traded […]