Commodities’ drag on 3Q earnings

The third quarter of this year has been a disappointing period for Corporate Malaysia as results came in below expectations and analysts believing that the profit trend would unlikely get better anytime soon. Analysts said the lacklustre corporate third quarter among Bursa Malaysia-listed companies would likely extend into the last three months of the year […]

Crude Palm Oil Weekly Report – December 15, 2018

The Malaysian palm oil futures (FCPO) closed higher for the third consecutive session, buoyed by the slowdown in output reported in November’s monthly data from Malaysia Palm Oil Board (MPOB) and easing stock levels in Indonesia. On Friday, FCPO decreased 3.5 per cent to 2,068 as compared with last Friday’s closing price at 1,998, a […]

New investment to drive growth in Thailand’s e-commerce market

High rates of digital banking growth and an increase in online transactions have coincided with new investment in Thailand’s e-commerce segment, with online shopping market share expected to treble within five years. In late September Thai retailer Central Group formally launched a new e-commerce joint venture with Chinese company The $500m JD Central development, […]

Wanda inks US$1.7b deal to build ‘red tourism’ site in China’s Communist heartland

BEIJING, Dec 15 — China’s Wanda group has signed a deal to build a sprawling complex for patriotic tourists to visit a site where the ruling Communist Party’s traces its revolutionary roots in northwestern Shaanxi province. At a ceremony in…

US sets new March 2 date for China tariff increases amid talks

WASHINGTON, Dec 15 ― The US Trade Representative's office yesterday officially changed the scheduled date of a tariff rate increase on US$200 billion (RM837 billion) worth of Chinese goods to 12.01am EST (0501 GMT) on March 2, 2019 as the United…

T-Mobile, Sprint see Huawei shun clinching US deal, sources say

WASHINGTON, Dec 15 ― T-Mobile US Inc and Sprint Corp believe their foreign owners' offer to stop using Huawei Technologies equipment will help with the United States clearing their US$26 billion (RM108 billion) merger deal, sources said,…

Ahead of China anniversary, trade war fans calls for reforms

BEIJING: China’s trade war with the United States is spurring some Chinese entrepreneurs, government advisers and think-tanks to call for faster reforms in the world’s second-largest economy and the freeing of a private sector stifled by state controls. The calls for change have become louder as China approaches a key anniversary later this month, although […]

Wall Street sells off as China growth fears reemerge

NEW YORK, Dec 14 ― Wall Street opened sharply lower today as investors took stock of slower growth in China, eroding gains for the major indices as they end another volatile week. China reported weaker-than-expected industrial output and retail…

China to suspend additional tariffs on US-made cars starting 2019

BEIJING, Dec 14 ― China announced today it will suspend extra tariffs added to US-made cars and auto parts for three months starting on January 1 as part of the trade war truce with the United States. Beijing raised tariffs on American-made cars…

Bursa ends lower on cautious sentiment

KUALA LUMPUR, Dec 14 ― Bursa Malaysia closed broadly lower today, in tandem with the downtrend in regional bourses prompted by continued weak market sentiment and re-emerged risk aversion which curbed interest for equities, dealers…