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July 22, 2018 11:11 AM Japan urges caution over Trump’s complaint on strong dollar

BUENOS AIRES: Japan should be careful about recent remarks by US President Donald Trump on currencies and might need to convince Washington its monetary easing is not aimed at weakening the yen but beating deflation, a finance ministry official said on Saturday. The US dollar fell the most in three weeks on Friday against a basket of six major currencies 5

July 19, 2018 5:08 AM CIMB Thai's Q2 profit down 46.4% on higher bad debts, impairment losses

PETALING JAYA: CIMB Group Holdings Bhd's 94.11%-owned indirect subsidiary CIMB Thai Bank PCL reported a 46.4% decline in net profit to THB191.2 million (RM23.2 million) for the second quarter ended June 30, 2018 against THB356.6 million (RM43.3 million) in the previous corresponding period, mainly dragged by bad and doubtful debts and impairment losses 4

July 16, 2018 3:18 AM Scomi's share price fall 4.54% after unit gets slapped with winding-up petition

PETALING JAYA: Scomi Group Bhd’s share price fell 4.54% this morning after its unit Scomi Special Vehicles Sdn Bhd was served with a winding-up petition. At 11.01am, its share price was 4.54% of half sen lower at 10.5 sen with 99,500 shares traded. Its shares closed unchanged at 11 sen with 5.95 million shares traded last Friday. Last Friday, Scomi said its unit was served 4

July 15, 2018 7:50 AM Not a Renong 2.0, please

PRIME Minister Tun Dr Mahathir Mohamad commanded the support of the majority in forming a new Malaysia. A sizeable number in government-linked companies (GLCs) were and are still with the 93-year-old prime minister in his mission to reform the government and reduce excesses. But his plan to change the way some GLCs and their parent company work would 8

July 11, 2018 6:50 AM Rain, winds wreak havoc in Labuan

LABUAN: Torrential rain accompanied by strong winds hit this duty-free-island today, toppling several trees and lamp posts and damaging property. The rain and winds struck this city from about 8am to 10am. The winds lasted until early afternoon. No casualties or injuries were reported. Several trees toppled and branches fell onto roads in various areas 7

July 9, 2018 3:04 AM Top Glove hits limit down in early trade, short selling suspended

PETALING JAYA: Short selling of Top Glove Corp Bhd has been suspended for the rest of the day today after its share price fell more than 15% limit following news that it is suing Adventa Capital Pte Ltd. Top Glove has alleged a conspiracy to defraud the group as well as fraudulent misrepresentations made by Adventa Capital's directors in relation to the purchase 5

July 6, 2018 6:50 AM MISC secures RM1.78b long-term FSO charter contract

PETALING JAYA: MISC Bhd has signed a long-term charter contract with Hess Exploration and Production Malaysia B.V. for the lease of a floating, storage and offloading facility (FSO) known as FSO Mekar Bergading on a bareboat basis, for a contract value of US$441 million (RM1.78 billion). "The contract is pursuant to a sale and charter agreement in respect 13

July 5, 2018 4:40 PM Moscow wanted to sow confusion with fresh attack, says Novichok chemist

NEW YORK: A Russian chemist living in the United States who first revealed the existence of Novichok believes Moscow orchestrated the poisoning of a British couple to sow confusion about the origin of an earlier attack. Britain says the couple were exposed to the same nerve agent used on a Russian ex-spy and his daughter last March in the English market 12

July 5, 2018 1:14 PM Exports in May up 3.4% to RM82.1b year on year

PETALING JAYA: Malaysia’s exports grew 3.4% to RM82.1 billion in May, outpacing imports, which increased only 0.1% to RM74 billion, on a year-on-year basis said the Department of Statistics. “Exports in May 2018 valued at RM82.1 billion, continued to surpass the RM80 billion mark, increasing by 3.4% from a year ago. Re-exports were valued at RM16.3 billion 13

July 2, 2018 3:24 AM GSB's share price fall 10% after takeover deal falls through

PETALING JAYA: GSB Group Bhd’s share price fell 10% on early trade to 20 sen on news of the takeover offer by Jawavana Sdn Bhd falling through. At 11.08am, the stock was trading at 20.5 sen with 11.15 million shares done. Jawavana's bid to take over GSB fell through as it did not accept valid acceptances of more than 50% of the voting shares. GSB told Bursa 5