Saturday, October 12th, 2019

 

Strong commitment to finalise RCEP despite pending chapters

BANGKOK, Oct 12 — All 10 member states of Asean and its six dialogue partners have reaffirmed their commitment towards finalising the Regional Comprehensive Economic Partnership (RCEP) even though there are still six outstanding chapters. As the…


Trump again touts partial trade deal with China

WASHINGTON, Oct 12 — President Donald Trump today touted his partial, unsigned trade deal with China as a major achievement and the best deal US farmers have ever secured. “WOW, the Farmers really hit pay dirt,” Trump tweeted. Friday’s…


China, locked in trade war with US, agrees to tackle India’s trade deficit

MAMALLAPURAM (India), Oct 12 — Chinese President Xi Jinping and Indian Prime Minister Narendra Modi agreed at a summit today to set up a high-level group to tackle India’s galloping trade deficit with the world’s second-biggest economy, a top…


US-China partial trade deal: The main points

WASHINGTON, Oct 12 — US President Donald Trump yesterday announced a partial trade deal with China after talks in Washington with Vice Premier Liu He. Here are the main points of the agreement, which has yet to be signed. A deal, in principle…


Embattled Trump takes victory lap on China trade deal

WASHINGTON, Oct 12 — Engulfed in an impeachment inquiry and other political turmoil, US President Donald Trump yesterday trumpeted the success of his hard-line stance with China, claiming to have scored a major win in the grinding trade war…


Standard Chartered: Fiscal deficit target appears challenging due to lack of revenue space

KUALA LUMPUR, Oct 12 ― Although the government remains committed to fiscal prudence over the next few years with a more gradual pace of fiscal consolidation for 2020, it still appears challenging given the lack of revenue space,  Standard…


Indonesian ministry signs cooperation with China on high speed train operation

JAKARTA, October 12 — Indonesian Transportation Ministry has signed a cooperation document on human resources research and development with KCIC, the China-Indonesia joint firm to operate Jakarta-Bandung High Speed Railway (HSR) train, related to…


More companies back away from Facebook’s Libra coin

SAN FRANCISCO, Oct 12 — Facebook’s digital currency alliance lost more companies yesterday amid heavy criticism from regulators around the world on the planned Libra global cryptocurrency. Credit card giants Visa and Mastercard, online…


Ringgit to trade at current levels next week

KUALA LUMPUR, Oct 12 — The ringgit is expected to trade at the current levels next week, amid mixed market sentiment, mostly influenced by external developments, particularly the US-China trade negotiations and Brexit, said a dealer. FXTM market…


Bursa Malaysia expected to recover further next week

KUALA LUMPUR, Oct 12 — Bursa Malaysia is expected to recover further with the benchmark FTSE Bursa Malaysia (FBM KLCI) seeing a positive spillover from external and internal factors, particularly the 2020 Budget tabled yesterday. Philip Capital…