Cryptocurrency bitcoin marks 10 years

LONDON, Oct 23 — October 31, 2008 marked the birth of bitcoin. Ten years on, the world’s first cryptocurrency is at the forefront of a complex financial system viewed warily by markets and investors. From its first evocation amid a global…

US-China conflict benefits export of Malaysian palm oil, says ministry

KUALA LUMPUR, Oct 22 — The trade conflict between Malaysia and China has actually led to higher export of Malaysian palm oil to China, says the Ministry of Primary Industries. The conflict has resulted in China importing less soybean oil from the…

IGEM ends with partnerships to grow green economy

KUALA LUMPUR: The 9th International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM 2018) organised by the Ministry of Energy, Science, Technology, Environment & Climate Change (MESTECC) ended on a celebratory note as several partnerships were forged in terms of business leads, technology transfer and innovation, reinforcing IGEM’s position as the regional hub for […]

All trustees, issuing houses need to register with SC from January 2

KUALA LUMPUR: All trustees and issuing houses which provide capital market services will need to register with the Securities Commission Malaysia (SC) under a new registration framework, effective January 2, 2019. In a statement yesterday, the SC said the new registration framework, ‘Guidelines on Registration and Conduct of Capital Market Services Providers’, aimed to enhance […]

China regulators deliver rare joint pep talk for worried markets

SHANGHAI: Three of China’s top financial officials launched a coordinated attempt to shore up confidence in the country’s stock markets and economic prospects on Friday in an unusual expression of top-level concern over what one of them called ‘abnormal’ share price falls. The timing of the rare intervention by the heads of the central bank, […]

EU to sign trade deal with Singapore, avoid criticising China

BRUSSELS, Oct 18 — The European Union was set to sign a trade deal with Singapore today after talks with Asian leaders keen to push back against US protectionism, but efforts to encourage China to drop state subsidies ran into resistance from…

China launches full-throated bid to ease fears as markets fall

SHANGHAI, Oct 19 — China’s top economic supremo today led a coordinated drive by top financial officials to shore up confidence in the country’s stock markets and economy, in a rare expression of concern over what one called “abnormal”…

China’s factory heartland braces for Trump’s big tariff hit


BEIJING: In China’s manufacturing heartland around the Pearl River Delta, Donald Trump’s 10% tariffs are causing little concern. The 25% duties that loom next year are another matter. Ben Yang, a furniture maker producing contemporary designs out of his facility in Dongguan – about 30 miles from Hong Kong – says that if those higher charges materialise from January as planned, the US share of exports from his Sunrise Furniture Co could plunge from 90% to less than a third. “Our major rival is Vietnam and 10% tariffs aren’t enoughRead More

Timber exports decline 5.7 per cent from January to August

KUALA LUMPUR: The total export of timber and timber products declined 5.7 per cent to RM14.6 billion from January to August this year compared to the same period of 2017 due to weather factors. Malaysian Timber Council (MTC) chairman Datuk Low Kian Chuan said although there was a decrease, the council was confident of realising […]

Beyond Brexit: EU fetes Asian leaders in message to Trump

BRUSSELS, Oct 18 — The European Union will seek Asian support for free trade, the Iran nuclear deal and combating global warming at a regional summit today that includes China, Japan and Russia as a counterbalance to a more protectionist United…