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Iskandar Malaysia records committed investments of RM9.33b for Q1 2018

JOHOR BARU, April 19 — Iskandar Malaysia has recorded committed investments of RM9.33 billion in the first quarter of 2018, bringing its total cumulative committed investments from 2006 up to March 31, 2018 to RM262.43 billion. In a statement…


Matrade achieves RM193m in potential sales at DSA 2018

KUALA LUMPUR, April 19 — The Malaysia External Trade Development Corporation (Matrade) has achieved RM193 million in potential sales from business-matching sessions facilitated during the Defence Services Asia 2018 (DSA 2018), exceeding its…


TSMC trims full-year revenue estimate on weaker smartphone demand

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TAIPEI (April 19): Taiwan Semiconductor Manufacturing Co Ltd, the world’s largest contract chipmaker, revised its full-year revenue target to the low end of its earlier forecast due to softer demand for smartphones and uncertainty in the cryptocurrency market. Revenue for 2018 is expected to grow 10% compared with an earlier forecast of 10-15%, Co-Chief Executive C.C. Wei told an earnings briefing. TSMC, whose clients include Apple Inc, Qualcomm Inc and Nvidia Corp, reported a 2.5% rise in net profit for January-March at T$89.8 billion (US$3.1 billion) — in line withRead More


China’s ZTE removed chief compliance officer before US sanction, says source

HONG KONG, April 19 — ZTE Corp’s chief compliance and chief legal officer was removed from his posts more than a month before the Chinese telecom equipment maker was slapped with US sanctions this week, a company source with direct knowledge of…


AIIB considering financing KL-Singapore HSR

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KUALA LUMPUR (April 19): The Asian Infrastructure Investment Bank (AIIB) has expressed its interest in financing the Kuala Lumpur-Singapore High Speed Rail (HSR), among other infrastructure projects in Malaysia, according to the Embassy of China. Second secretary of Embassy of China, Fang Tao, said the president of AIIB, Jin Liqun, had met with Prime Minister Datuk Seri Najib Razak earlier to discuss about the project. Both sides have expressed interests in the cooperation or the involvement of AIIB in this project, he said. Fang was speaking at a press conferenceRead More


China says it’s ready to deal with any fallout from trade row with US

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(April 19): If this trade fight escalates, China could fire back by selling a large chunk of the $1.17 trillion of U.S. treasury bonds it holds. China is well-prepared to deal with any negative effect from its trade spat with the United States, and hopes the U.S. will not underestimate China’s resolve to fight back, the Chinese commerce ministry said on Thursday. The U.S. would be making a miscalculation if it is determined to contain China’s rise, Gao Feng, spokesman at the Ministry of Commerce, said at a regular mediaRead More


Bullish bets on most Asian currencies rolled back as US dollar perks

SINGAPORE, April 19 — Investors trimmed their long positions in most emerging Asian currencies in the last two weeks, a Reuters poll showed, as the US dollar bounced back amid improving appetite for riskier assets and upbeat US economic data….


Hong Kong rates reach 2008 high after US$6.5b intervention

HONG KONG, April 19 — Hong Kong’s costly defence of its currency peg is starting to impact interbank rates. The Hong Kong Monetary Authority has mopped up HK$51.3 billion (RM3.2 billion) of local dollars since the currency hit the weak end…


China Mobile to widen its reach in enterprise segment

PETALING JAYA: China Mobile International Malaysia Sdn Bhd (CMI Malaysia) which has been providing telecommunication related connectivity services to telco carriers, is looking to grow contributions and expand its reach in the enterprise segment of its Malaysian operations.

The group, which has had a footing in Malaysia for over a period of two years, provides telecommunications services such as roaming, IP Transit and data services to major telco's in the country. As for the enterprise segment it provides cloud services and ICT solutions among others to businesses across various industries.

According to country head Hew Chee Chung, with a 70% revenue contribution, its telecommunication service segment contributes to the bulk of its earnings, while the enterprise segment's contribution stood at 30%.

Hew said CMI Malaysia is also looking to even out the contributions from both segments.

CMI is a unit of New York and Hong Kong Stock Exchange listed China Mobile Communications Corporation (CCMC).

CCMC is dubbed as the largest telecom operator in the world by network scale and subscriber base, and is among the top in terms of market capitalisation and brand value.


China Mobile International to widen its reach in enterprise segment

PETALING JAYA: China Mobile International Malaysia Sdn Bhd (CMI Malaysia) which has been providing telecommunication related connectivity services to telco carriers, is looking to grow contributions and expand its reach in the enterprise segment of its Malaysian operations.

The group, which has had a footing in Malaysia for over a period of two years, provides telecommunications services such as roaming, IP Transit and data services to major telco's in the country. As for the enterprise segment it provides cloud services and ICT solutions among others to businesses across various industries.

According to country head Hew Chee Chung, with a 70% revenue contribution, its telecommunication service segment contributes to the bulk of its earnings, while the enterprise segment's contribution stood at 30%.

Hew said CMI Malaysia is also looking to even out the contributions from both segments.

CMI Malaysia is part of China Mobile International the largest telecom operator in the world by network scale and subscriber base, and is among the top in terms of market capitalisation and brand value.