Saturday, November 24th, 2018

 

Matrade to explore opportunities for chemicals industry in Vietnam, Cambodia

KUALA LUMPUR, Nov 24 — The Malaysia External Trade Development Corporation (Matrade) is exploring export opportunities for chemicals and chemical products in Vietnam and Cambodia. In a statement today, the trade promotion agency said it aimed to…


Brexit deal is best option to protect British economy, says finance minister

EDINBURGH, Nov 24 — Britain’s draft deal to leave the European Union is the best available solution to safeguard the economy and start to reunite a divided country, finance minister Philip Hammond said today. Prime Minister Theresa May is due to…


Bank Islam expects 7-8pc loan growth next year

KUALA LUMPUR, Nov 24 — Bank Islam Malaysia Bhd expects to achieve a loan growth of seven per cent to eight per cent next year, slightly lower than this year’s target, amid the challenging business environment. Acting Chief Executive Officer,…


Use Mihas as springboard to foreign markets, Sabah SMEs told

KUALA LUMPUR, Nov 24 — The Malaysia External Trade Development Corporation (Matrade) today urged the Small and Medium Enterprises (SMEs) in Sabah to leverage on the Malaysia International Halal Showcase (Mihas) 2019 to push the sales of their…


Nissan CEO tells staff feels 'dismay' at Ghosn scandal

PARIS, Nov 24 ― Nissan chief Hiroto Saikawa spoke of his “resentment and dismay” at revelations of misconduct by former company chief Carlos Ghosn in a letter to company employees. Saikawa said he could not reveal all details of what had…


Bursa Malaysia expected to continue downside next week

KUALA LUMPUR, Nov 24 ― Bursa Malaysia is expected to continue its downside next week, dampened by the investors' wait-and-see attitude, profit-taking and caution ahead of the outcome of the US and China trade talks. M&A Securities Sdn Bhd…


Clashing with Trump, US govt report says climate change will batter economy

WASHINGTON, Nov 24 ― Climate change will cost the US economy hundreds of billions of dollars by the end of the century, hitting everything from health to infrastructure, according to a government report issued yesterday that the White House called…


Investors caught in crossfire of fight for holiday shoppers

NEW YORK, Nov 24 ― Investors would normally be thankful for a strong US economy, yet this holiday season they worry retailers may have to spend heavily to win, leaving shareholders with a lump of coal. Steep discounts are as familiar a sight…


Oil tumbles on oversupply concerns, sinking world stocks

NEW YORK, Nov 24 ― Oil prices plunged yesterday on concerns about oversupply, sending world stock markets lower as lagging energy shares weighed down Wall Street. Both Brent and US crude fell to their lowest levels since October 2017 and were on…


Black Friday deals lure US shoppers, biggest sales gains online

NEW YORK, Nov 24 ― Shoppers across the United States snapped up deep discounts on toys, clothing and electronics both online and at stores on Black Friday, giving retailers a strong start to their make-or-break holiday season. A healthy economy…