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1-10 results from 797 for query «tariff»

August 14, 2018 5:28 AM Malaysia's GDP to contract by 1.3% if tariff slapping escalates

KUALA LUMPUR: Malaysia's gross domestic product (GDP) could contract by 1.3% in two years, should the trade war between the US and China intensify. CIMB Group chief economist Dr Donald Hanna said the contraction on Malaysia's economic growth is possible in the event of continuous escalation of tariff imposition and a confidence shock in the financial 97

August 13, 2018 3:50 AM Westports shares fall following deferment of container tariff hike

PETALING JAYA: Westports Holdings Bhd’s share price fell 4.47% this morning after the Port Klang Authority (PKA) postponed the second phase of the container tariff revision at Port Klang. At 11.33am, its share price was 4.47% or 17 sen lower at RM3.63 with 343,800 shares traded, making it one of the top losers this morning. Last Friday, Westports said it received 90

August 6, 2018 1:22 PM Foreign funds bought RM348.9 million last week

PETALING JAYA: Global funds accumulated RM348.9 million net of local stocks last week, according MIDF Research. So far in 2018, it said global funds have been net buyers of Malaysian stocks for 15 out of 31 weeks. “After 13 uninterrupted weeks of foreign net selling of stocks listed on Bursa, global investors finally made their way to Malaysian shores 96

August 1, 2018 2:48 PM DRB-Hicom sells cash cow Alam Flora to pare debts, finance Proton operations

PETALING JAYA: DRB Hicom Bhd is selling profitable Alam Flora Sdn Bhd to Malakoff Corp Bhd's dormant unit Tunas Pancar Sdn Bhd for RM944.6 million to pay off loans and finance loss-making Proton Holdings Bhd's operations. Alam Flora holds a 22-year concession for solid waste collection and public cleansing management awarded by the Malaysian government 137

August 1, 2018 1:14 PM Exports to pick up in June, says RAM

PETALING JAYA: Malaysia’s export growth is expected to pick up to 8.7% in June from 3.4% in May on the back of steady demand from key export markets, while trade surplus is projected to stand at RM11.1 billion said RAM Ratings. The increase is expected despite the slowdown envisaged due to the Hari Raya festive season – thanks to the continued improvement 115

July 26, 2018 3:48 AM Ringgit strengthens against US dollar at opening

KUALA LUMPUR: The ringgit carried on yesterday's positive momentum to open higher against the US dollar, as market players opined that the biggest currency beneficiaries post-European Union-US trade announcement have been the commodity-linked and carry-trade riskier currencies. OANDA Head of Trading in Asia-Pacific, Stephen Innes said with the oil prices 92

July 19, 2018 2:17 PM Customs denies passenger vehicles not subjected to sales tax

KUALA LUMPUR: The Royal Malaysian Customs Department (JKDM) has issued a statement clarifying reports over the misinterpretation of the exemption list that was uploaded on its website. Its Director-General, Datuk Seri T. Subromaniam said that goods exempted from the sales tax on the exemption list are only for components for completely knocked down (CKD) 26

July 17, 2018 3:32 PM Awer calls for audits of all power projects awarded from 2011 onwards

PETALING JAYA: The Association of Water and Energy Research Malaysia (Awer), which had consistently called on the Barisan Nasional government to abandon direct negotiations for power plant projects, has asked the Pakatan Harapan government to audit all approval processes and awards of power plant in KeTTHA, the Energy Commission and the Sustainable Energy 89

July 9, 2018 1:13 PM Bursa records 10th consecutive week of foreign attrition

PETALING JAYA: Foreign funds continued its selling streak last week at a net US$704.3 million (RM2.85 billion) compared with the US$705.4 million net seen the week before. “Foreign investors continued to pare their holdings in stocks listed on Bursa for the 10th consecutive week. This is the longest weekly selling streak recorded since the 20-week selling 48

June 29, 2018 5:36 AM TNB to continue with ICPT till year-end

PETALING JAYA: Tenaga Nasional Bhd(TNB) has been given the nod by the government via the Energy Commission Malaysia for the continued implementation of the imbalance cost pass-through (ICPT) at an unchanged base tariff rate. TNB said in a filing with the stock exchange that the implementation of the ICPT is to continue for the period between July 1 and December 19