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Hong Kong to unveil depth of 2019 recession as protests, trade war bite
HONG KONG: Hong Kong is due to unveil the depth of its first recession in a decade later today, as violent anti-government protests and trade tariffs between Washington and Beijing took more steam out of the economy in the final
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‘US-China deal could hurt Malaysia palm oil exports to China’
KUALA LUMPUR: Malaysia’s palm oil exports to China jumped 33.9% in 2019 to 2.49 million tonnes but Beijing’s latest trade deal with the US could limit gains this year, a Malaysian palm official said today. “Now with the 1st deal
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US-China trade talks ‘stalled’ due to newly-passed HK law
A trade deal between United States and China was now “stalled because of Hong Kong legislation”, news website Axios reported yesterday, citing a source close to US President Donald Trump’s negotiating team. The deal was stalled also because time was
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Lim: Stop all wars, including trade wars
GEORGE TOWN: The ongoing trade war between the US and China must end and the world should focus on combating corruption, extremism and racism, Finance Minister Lim Guan Eng said today. He said wars that had happened around the world
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Dr M: Applying sanctions is against the law
BANGKOK: Prime Minister Tun Dr Mahathir Mohamad has criticised the move by a certain country to impose economic sanctions on another country, saying the move is against the law. He said applying sanctions not only hurts the country involved but
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ASEAN must take bold economic reform to cushion impacts of trade war
KUALA LUMPUR: ASEAN member states must take bold and effective measures to bolster their economies to cushion the impact of the ongoing trade war between the United States (US) and China which has yet to show any sign of resolution.
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Mahathir warns of possible trade sanctions on Malaysia
Prime Minister Tun Dr Mahathir Mohamad said today Malaysia could be hit with trade sanctions amid rising protectionism highlighted by the US-China tariff war. Mahathir did not mention the source of possible sanctions on the Southeast Asian country, but said
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Trade war rejuvenates ‘Silicon Valley’ firms in Malaysia
PENANG, Malaysia: Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it’s hiring more workers, considering an expansion, and picking and choosing orders. Lee
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Ringgit down against US dollar in early trade
KUALA LUMPUR: The ringgit opened almost flat against the US dollar today on lack of fresh buying interest, said a dealer. At 9.10am, the local note was at 4.1950/1990 against the greenback from yesterday’s close of 4.1955/1985. Axi Trader Asia-Pacific
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KLCI dips by 0.35% as domestic sentiment remains cautious
KUALA LUMPUR: The FBM KLCI fell 0.35% to remain at a four-year low at mid-morning today, despite the uptrend at regional markets as domestic sentiment remained wary. At 10am, the FBM KLCI fell 5.53 points to 1,558.65. Gainers led losers
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