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5G commercial licenses approved in China
BEIJING: China granted 5G commercial licences to four domestic companies, taking a big step in its bid to be a global leader in next generation wireless networks amid fierce rivalry from the United States. 5G is the next-generation cellular network
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G20 to tackle US-China trade war, digital tax
Top financial policymakers from the world’s 20 most powerful nations gathered this weekend in Japan as a protracted US-China trade war clouds the global economy with no end in sight. G20 finance ministers and central bankers gathering in the southwestern
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MIMCOIN: Boost economy with more foreign workers
PUCHONG: Malaysian Indian Muslim Chamber of Commerce and Industry president Datuk Jamarul Khan Kadir urged the government to boost the economy by bringing in more foreign workers in certain economic sectors. “Our business activities have slowed a little especially in
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Nikkei: Malaysian manufacturers upbeat on future output volume
KUALA LUMPUR: Malaysian manufacturers were the most upbeat towards future output volumes since October 2013, which was a multi-year high, despite the current manufacturing trend taking a dip. According to the May Nikkei Purchasing Managers Index (PMI), businesses have planned
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Malaysia´s inclusion in US watchlist likely a ploy to boost export
PUCHONG: Malaysia’s inclusion in the US Treasury’s monitoring list of potential currency manipulators is likely a ploy by Washington to gain exchange rate competitiveness to boost its exports, say experts. However, it is not expected to have a significant impact
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IOI Group founder dies
KUALA LUMPUR: IOI Group founder, Tan Sri Lee Shin Cheng, 79, died at his home last night at 8.30pm. He is also the executive chairman of IOI Industry. Lee who was scheduled to celebrate his 80th birthday on Monday was
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Singapore undecided on Huawei
SINGAPORE: Singapore Prime Minister Lee Hsien Loong said the island nation has not made a decision on its stance on Huawei and that it is not settled yet on the network configuration equipment it plans to use. He was responding
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US-China trade war: Retaliatory tariffs imposed on US imports
BEIJING: China raised tariffs on tens of billions of dollars of goods imported from the U.S., implementing the promised retaliation to President Donald Trump’s latest round of trade war duties on about US$200 billion in Chinese exports. As of Saturday,
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‘EU would still use Malaysian palm oil’
KUALA LUMPUR: Outgoing Sime Darby executive deputy chairman and managing director Tan Sri Mohd Bakke Salleh is confident that Malaysian palm oil would still enter the European Union market despite a ban on using it as biofuel. This is because
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Mokhzani resigns, Mukhriz reduces stake in Opcom
KUALA LUMPUR: Tan Sri Mokhzani Mahathir, 58, resigned today as the executive chairman of Opcom Holdings Bhd due to personal reason, he said in an exchange filing which also stated his retirement tomorrow. Mokhzani, who is the second son of
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