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US, China grant trade concessions ahead of talks
WASHINGTON/BEIJING: US President Donald Trump yesterday welcomed China’s decision to exempt some of US’ anti-cancer drugs and other goods from its tariffs and announced a delay to scheduled tariff hikes on billions worth of Chinese goods. Beijing’s exemptions and Washington’s
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Malaysia retail industry grew 4.5% in 2nd quarter 2019
KUALA LUMPUR: Malaysia’s retail industry reported a year-on-year (y-o-y) growth rate of 4.5% in retail sales in the second quarter of 2019, according to Retail Group Malaysia (RGM). In its September 2019 Retail Industry report, RGM said this latest quarterly
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India-China spat delays global trade matters
NEW DELHI: A spat between the world’s most populous countries is holding up a pan-Asian trade agreement encompassing nearly a third of all global trade. Trade ministers from 16 Asia-Pacific countries this week hailed a “critical milestone” after seven years
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KLCI rises in tandem with regional gains
KUALA LUMPUR: The FBM KLCI rose in early trade this morning, tracking the gains at regional markets, lifted by gains at select index-linked stocks including Petronas counters. At 9.05am, the FBM KLCI added 3.65 points to 1,599.50. The early gainers
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Business class seats on ETS2 introduced by KTMB
KUALA LUMPUR: The Keretapi Tanah Melayu Berhad (KTMB) will introduce the business class seats for the Electric Train Service 2 (ETS2) next month. Its chief executive officer Mohd Rani Hisham Samsudin said the exclusive business class coach was one of
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Internet displeased: Only 1 woman on Forbes US 100 Most Innovative Leaders list
Forbes published a list of America’s 100 Most Innovative Leaders and included only one woman in the index. The internet is displeased. American business magazine Forbes found itself at the receiving end on the internet after it published a list
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Dollar drifts down as trade-deal progress
SINGAPORE: The dollar drifted lower on Tuesday as investor appetite for higher risk currencies found support on a report of German stimulus plans, diminishing chances of a no-deal Brexit and hopes of a breakthrough in the Sino-U.S. trade war. The
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KLCI opens lower amid end of Axiata Telenor merger
KUALA LUMPUR: The FBM KLCI opened down 13.97 points or 0.87% today before paring losses as investors evaluated the termination of the planned Axiata Group Bhd-Telenor ASA merger and US equities’ overnight performance. At 9am today, the KLCI opened at
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Colony – a co-working space with luxury
KUALA LUMPUR: Despite the abundance of co-working spaces available in Malaysia – Colony – Malaysia’s leading luxury co-working space and serviced office provider stands out of the crowd after establishing itself two years ago. “We focus on hospitality service and
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Khazanah – Mudabala potential collaboration
ABU DHABI: Economic Affairs Minister Azmin Ali said discussions on potential collaboration between Khazanah Nasional Bhd and Mubadala Investment Company took place during his audience with the Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan. “Productive discussions
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