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August 16, 2019 Business
Kuala Lumpur: The Ministry of International Trade Industry (Miti) is optimistic of Malaysia’s aerospace industry growing between 10 to 15 per cent year-on-year.
August 16, 2019 Business
DETROIT: Ford is extending the warranties on about 560,000 small cars in the U.S. and Canada to cover a litany of problems with a troubled six-speed automatic transmission.
August 16, 2019 Business
CHICAGO: Airbus is stretching its lead over Boeing in aircraft deliveries as Boeing continues to be held back by the grounding of its 737 Max.
August 15, 2019 Business
KUALA LUMPUR: Public Bank Bhd’s net profit eased to RM1.33 billion in the second quarter ended June 30, 2019, against RM1.40 billion posted a year earlier, due to negative effects from the 0.25 per cent overnight policy rate (OPR) reduction in May 2019.
August 15, 2019 Business
BRUSSELS: The European Commission on Tuesday imposed countervailing duties of 8pc to 18pc on imports of subsidised biodiesel from Indonesia, saying the move aimed to restore a level playing field for European Union producers.
August 14, 2019 Business
PUTRAJAYA: Johor Port Authority (JPA) has entered into an agreement with a private company, Smart Crest Sdn Bhd to develop a RM2 billion Bunker Island, near Tanjung Bin in Johor.
August 14, 2019 Business
NEW DELHI: Saudi Aramco continued its push into Asian oil refining with an agreement to buy a 20pc stake in Reliance Industries Ltd’s oil-to-chemicals division at an enterprise value of US$75bil.
August 13, 2019 Business
HANOI: Vietnam wants to have at least five billion-dollar tech firms, or unicorns, by 2025 and 10 by 2030 as planned in its draft on national strategy on the Fourth Industrial Revolution.
August 13, 2019 Business
HONG KONG: Hong Kong carrier Cathay Pacific warned staff on Monday that they could be fired for supporting “illegal protests”, as the firm comes under pressure from Beijing over pro-democracy demonstrations.
August 12, 2019 Business
HONG KONG: Empty hotel rooms, struggling shops and even disruption at Disneyland: months of protests in Hong Kong have taken a major toll on the city’s economy, with no end in sight.
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