Saturday, November 17th, 2018

 

Govt looking into fate of rubber tappers

JELEBU, Nov 17 —  The Primary Industries Ministry is looking into the fate of rubber tappers based on current rubber prices. Its minister, Teresa Kok said the ministry has presented this matter to the Cabinet for their review. She said the…


Vehicle sales 0.5pc higher in October, says MAA

KUALA LUMPUR, Nov 17 — The sales of vehicles in Malaysia rose 0.5 per cent or 232 units to 47,273 units in October 2018 from the 47,041 units recorded in the same month last year. The Malaysian Automotive Association (MAA) said sales volume in…


Analyst: Lower Q3 GDP due to lower retail sales, govt spending

KUALA LUMPUR, Nov 17 ― The lower gross domestic product (GDP) growth posted in the third quarter (Q3) of 2018 at 4.4 per cent compared to the 4.5 per cent in Q2 was due to lower retail consumption and lower government fiscal spending, says an…


Pence slams China's 'opaque' chequebook diplomacy, trade practices

PORT MORESBY, Nov 17 ― US Vice President Mike Pence pilloried China's “opaque” chequebook diplomacy in a combative speech today, taking aim at Beijing's business practices and warning trade tariffs would remain in place. US-China trade…


Global economic tensions to weigh on ringgit next week

KUALA LUMPUR, Nov 17 ― The ringgit’s movement next week is expected to remain on a downtrend, in line with most Asian currencies, due to emerging tensions in the global economy, including Brexit. FXTM Global Head of Currency Strategy and Market…


Bursa Malaysia to stay flat in quiet trading next week

KUALA LUMPUR, Nov 17 ― Bursa Malaysia is expected to stay flat in quiet trading next week, as the country will be celebrating a public holiday next Tuesday in conjunction with Prophet Muhammad's birthday. Rakuten Trade Sdn Bhd Head of Research,…


Protectionism 'doomed to failure', says China's Xi

PORT MORESBY, Nov 17 ― Protectionist actions are short-sighted and doomed to fail, Chinese President Xi Jinping said today ahead of an Apec summit at which US-China trade tensions are likely to take centre stage. “Attempts to erect barriers and…


US manufacturing production increases, headwinds growing

WASHINGTON, Nov 17 ― US manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying strength in factory activity despite growing headwinds that are expected to…


Dollar, US yields slide on Fed official rate talk

NEW YORK, Nov 17 ― The US dollar weakened and Treasury yields slid yesterday after a top Federal Reserve official said US interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism over…


There is ‘No good Brexit’ for UK automotive parts boss

CANNOCK, UNITED KINGDOM: ‘There is no good Brexit!’ insists Greg McDonald, chief executive of Goodfish Group, a UK-based company making plastic components for the country’s key car sector. The small company, nestled in the Midlands not far from Birmingham, the UK’s second largest city, sells one third of its products to mainland Europe, with weekly shipments […]