The Malaysian Pulse
Beat of the Nation
Tue, 17 Sep 2019, 1:05 PM
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Topic: China

Malay Mail:
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Dr M: Govt still looking at solutions for troubled Malaysia Airlines
KUALA LUMPUR, Sept 17 ― The government is still looking at solutions for troubled Malaysia Airlines Bhd, which is majority-owned by Khazanah Nasional Bhd, Prime Minister Tun Dr Mahathir Mohamad said...
The Star:
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Facial recognition technology in China beaten by a nose job
Young woman’s appearance altered so drastically system can no longer identify her.
The Star:
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Finance Minister relaunches Bank Pembangunan's Maritime Fund
KOTA KINABALU: Bank Pembangunan Malaysia Bhd (BPMB) has launched its RM1.5bil Maritime Fund 2.0, which the government aims to use to modernise the...
The Edge Markets:
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Govt unlikely to introduce new tax measures for Budget 2020, says RHB Research
KUALA LUMPUR (Sept 17): RHB Research Institute Sdn Bhd said the government is unlikely to introduce new tax measures for Budget 2020.
The Edge Markets:
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US, China owe global responsibility to end trade dispute — Muhyiddin
WASHINGTON DC (Sept 17): Malaysia believes that the United States and China owe a global responsibility to find an amicable solution to their trade war.
The Star:
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Dr M says govt still looking at solution for Malaysia Airlines
KUALA LUMPUR: The government is still looking at solutions for troubled Malaysia Airlines Bhd, which is majority-owned by Khazanah Nasional Bhd, Prime...
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China will need 8,090 new airplanes over next 20 years
BEIJING: Chinese airlines will need 8,090 new airplanes worth nearly $1.3 trillion over the next 20 years, Boeing Co said on Tuesday.
Malaysiakini:
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Public dialogue aimed at easing HK tensions to begin next week
Hong Kong's leader said today that she would engage directly with her governing team in a dialogue with the community next week while reiterating calls for an end to the violence that has roiled the c...
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Dr M not against foreign ownership of beleaguered MAS
Prime Minister Dr Mahathir Mohamad has said he is not against foreign ownership of the beleaguered Malaysia Airlines Bhd (MAS) in a model similar to the Proton-Geely partnership.
Malay Mail:
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Muhyiddin: US, China owe global responsibility to end trade dispute
WASHINGTON, Sept 17 ― Malaysia believes that the United States and China owe a global responsibility to find an amicable solution to their trade war.
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Order checks for Apple's new iPhone bode well, say analysts
NEW YORK, Sept 17 — Pre-orders for Apple Inc's latest iPhones have gotten off to a better start than the last cycle a year ago, several Wall Street analysts said yesterday, citing their own research...
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Moody’s changes outlook on Hong Kong to negative over protests
HONG KONG: Moody’s Investors Service Inc. changed its outlook on Hong Kong’s Aa2 issuer rating to negative from stable on Monday, citing growing risk that protests will...
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Foreign funds make strong comeback to Bursa
KUALA LUMPUR: Foreign funds staged a solid comeback to Bursa Malaysia last week as they turned net buyers after eight straight weeks of selling, according to MIDF...
Malaysiakini:
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Stand up to Beijing, HK singer tells US lawmakers,companies
Hong Kong singer and activist Denise Ho wants US lawmakers and companies to criticise Beijing’s actions in Hong Kong, to help change the Chinese Communist Party’s behaviour.
Malay Mail:
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Modi didn't ask me to return Zakir Naik, says Dr M
KUALA LUMPUR, Sept 17 -- Tun Dr Mahathir Mohamad today said India Prime Minister Narendra Modi did not request Malaysia return Mumbai-born preacher Dr Zakir Naik who is wanted in his home country for ...
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Foreign funds snap 8-week selling streak, bought RM192.1m local equity last...
KUALA LUMPUR (Sept 17): Foreign funds snapped their 8-week selling streak of Malaysian equity on Bursa Malaysia and bought RM192.1 million last week, compared to dumping RM278.7 million the prior week...
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KLCI rises in early trade, oil and gas stocks to the fore
KUALA LUMPUR (Sept 17): The FBM KLCI started on a positive note this morning, with oil and gas-related stocks leading the advancers, on the back of the attacks on Aramco’s oil facilities.
Malay Mail:
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Ringgit slightly lower against US dollar at opening
KUALA LUMPUR, Sept 17 — The ringgit opened slightly lower against the US dollar today in line with regional markets as investors continued to reassess their risk parameters following the weekend's e...
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US, Chinese trade deputy talks to start in two days, says USTR
WASHINGTON, Sept 17 — Deputy-level US-China trade talks are scheduled to start in Washington on Thursday, the US Trade Representative's office said yesterday, paving the way for high-level talks in ...
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After attacks, Asia need light crude, Saudi Arabia needs oil products
SINGAPORE: Asian refiners and traders said they are expecting Saudi Arabia to import large volumes of refined oil products and curb exports of light crude oil after...
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QES sees earnings uplift in 2020
KUALA LUMPUR: The semiconductor industry and players forming part of its supply chain have been hit hard by the ongoing US-China trade conflict.
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1MDB-Tanore Trial Day 8: Hearing to continue with cross-examination of Amhari...
KUALA LUMPUR (September 17) : After two days of having the 1Malaysia Development Bhd (1MDB) trial deferred last week due to Datuk Seri Najib Razak suffering conjunctivitis, the hearing is expected to...
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Indonesia finance minister defends plan to raise cigarette prices
JAKARTA, Sept 17 — Indonesia's finance minister defended yesterday a plan to raise cigarette prices by more than a third from next year to reduce smoking rates, after some in the tobacco industry sa...
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Singapore exports fall for 6th month
SINGAPORE: Singapore's exports in August shrank for the sixth straight month, but the drop was less than analyst forecasts, official data showed on Tuesday.
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Malaysians are 2nd largest buyers of S'pore properties
PETALING JAYA: Malaysians continue to be the second-largest group of buyers of Singapore’s non-landed residential properties by nationality year-to-date, after the Chinese.
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China rebuff leaves HKEX isolated in bid for LSE
LONDON: The Hong Kong bourse’s unsolicited takeover bid for the London Stock Exchange Group Plc (LSE) suffered a further setback after China praised the British...
Malaysiakini:
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Yoursay: Why should gov’t help rich developers instead of rakyat?
YOURSAY | ‘Are Zuraida and her ministry pro-rakyat or pro-developers?’ Zuraida clarifies ‘confusion’ over selling properties to China, HK Quigonbond: Housing and Local Government Minister Zura...
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Zuraida: It’s for govt to tackle high-end home glut
KEPALA BATAS: The government has the responsibility to reduce the glut of high-end property valued at RM100bil before they become abandoned, says Housing and Local Government Minister Zuraida Kamaruddin.
Malay Mail:
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Demand for US crude surges after attack on Saudi facilities
NEW YORK, Sept 17 — US crude export demand at the Gulf Coast surged yesterday, traders said, as the window to export crude profitably to Asia and Europe was thrown open after attacks on Saudi Arabia...
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Oil-price shock couldn’t come at worse time for world economy
Hong Kong: The record oil-price surge after a strike on a Saudi Arabian oil facility couldn’t come at a worse time for a world economy already in the grip of a deepening...
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US- China trade talks to begin Thursday in Washington
WASHINGTON: Deputy trade negotiators for the United States and China will meet in Washington beginning on Thursday, a spokesman for the U.S. Trade...
Malay Mail:
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Moody’s downgrades Hong Kong outlook to ‘negative’ as protests go on
HONG KONG, Sept 16 — Credit rating agency Moody’s changed its outlook on Hong Kong’s rating to negative from stable today, reflecting what it called the rising risk of “an erosion in the stren...
theSun:
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Johor govt suggests MM2H enhanced to address surplus of luxury houses
ISKANDAR PUTRI: The Johor government is in favour of efforts made to promote the Malaysia My Second Home (MM2H) programme to address the problem of unsold luxury houses in the country.
Malay Mail:
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How the US-China trade war has fractured Asia’s supply chains — Jayant Menon
SEPT 16 — The US-China trade war is more than a year old now, with no end in sight.
theSun:
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Zuraida defends proposal to sell high-end properties to foreigners
KEPALA BATAS: Housing and Local Government Minister Zuraida Kamaruddin (pix) today defended her proposal to sell high-end properties to foreigners under the Malaysia My Second Home (MM2H) programme.
Malaysiakini:
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Home campaign for foreigners an effort to restore economy - Zuriada
The proposed Home Ownership Campaign (HOC) for foreigners to resolve the issue of unsold luxury houses is part of efforts to restore the country's economy, said Housing and Local Government Minister Z...
Malay Mail:
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Johor wants MM2H enhanced to address surplus of luxury houses in state
ISKANDAR PUTERI, Sept 16 — The Johor government is in favour of efforts made to promote the Malaysia My Second Home (MM2H) programme to address the problem of unsold luxury houses in the country.
Malay Mail:
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Saudi attack dents currencies of crude importers, stocks dip
BEIJING, Sept 16 — Emerging market currencies took a backseat today with those of major crude importers sliding as oil prices surged after an attack on Saudi Arabian facilities cut more than 5 per c...
Malay Mail:
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After attacks, Asia needs light crude, Saudi Arabia needs oil products
SINGAPORE, Sept 16 — Asian refiners and traders said they are expecting Saudi Arabia to import large volumes of refined oil products and curb exports of light crude oil after attacks on Saturday tha...
Malay Mail:
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Russia: Enough oil in global stockpiles to replace lost Saudi barrels
MOSCOW, Sept 16 — There is enough oil in global stockpiles to replace barrels Saudi Arabia has temporary lost due to attacks on its oil facilities, Russia’s energy minister Alexander Novak, an all...
The Star:
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Hong Kong stocks skid on weekend protests, bleak China data
HONG KONG stocks fell on Monday following clashes and protests over the weekend and as data showed China's economic slowdown deepened amid a bruising...
The Borneo Post:
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HOC for foreigners an effort to restore country’s economy – Zuraida
Zuraida Kamaruddin – Bernama file photo KEPALA BATAS: The proposed Home Ownership Campaign (HOC) for foreigners to resolve the issue of unsold luxury houses is part of efforts to restore the countr...
Channel NewsAsia:
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Malaysian minister defends proposal to market unsold luxury properties to China, Hong Kong buyers
KUALA LUMPUR: Malaysian Housing and Local Government Minister Zuraida Kamaruddin on Monday (Sep 16) defended her proposal to market unsold luxury properties to buyers from China and Hong Kong, pointi...
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Under fire, Zuraida says selling unsold homes to foreigners an effort to restore economy
KEPALA BATAS, Sept 16 — The proposed Home Ownership Campaign (HOC) for foreigners to resolve the issue of unsold luxury houses is part of efforts to restore the country’s economy, said Housing and...
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Ringgit most resilient among EM currencies as oil prices spike - DBS
KUALA LUMPUR (Sept 16): The ringgit will be the most resilient among emerging market currencies amid higher crude oil prices because Malaysia is the only net oil exporter among Asian emerging economie...
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Oil-exporter currencies, safe havens rally after Saudi attacks
LONDON, Sept 16 — Currencies linked to the price of oil rose today after an attack on Saudi Arabian refining facilities disrupted global oil supplies, while the Japanese yen and Swiss franc strength...
CarSifu:
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Volocopter makes first European urban flight
STUTTGART: The Volocopter has successfully made its first European urban flight here.
Tech in Asia:
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How one Chinese founder went from battling kidney disease to snagging Apple deal
When Yang Yang took the stage at the iPhone 11 event to show off his new game, few knew just how much he and his studio had gone through to get to this point.
Tech in Asia:
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Huawei’s Ren Zhengfei ready to sell 5G tech to Western buyers
Ren Zhengfei, the billionaire founder and chief executive of Huawei Technologies, said he is ready to share its 5G technology with potential Western buyers.
Tech in Asia:
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AI is watching China’s students, but how well can it really see?
Almost every second of Betty Li’s school life is monitored.
The Star:
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US needs a trade war deal more than China does, says economist
US president Donald Trump faces growing pressure of a possible economic slowdown while seeking re-election.
The Edge Markets:
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The State of the Nation: Ringgit volatility to continue as trade tensions...
THE more recent weakness of the ringgit — it dropped to a two-year low of 4.22 against the US dollar last Tuesday — has been in tandem with most currencies globally, fuelled by various factors.
Malay Mail:
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No more for me: S. Korean beer imports from Japan plunge 97pc
SEOUL, Sept 16 — South Korean imports of Japanese beer slumped almost to zero last month in the face of a consumer boycott sparked by a bitter trade and historical dispute between Seoul and Tokyo, d...
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China stocks end lower; bleak data raises stimulus hopes
SHANGHAI: China stocks started the week on a soft note, though losses were limited on easing Sino-U.S. trade frictions, while bleak economic data on Monday raised hopes that Beijing will dole out more...
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Here’s how Asian Governments are reacting to the Aramco attack
The massive drone strike on the world’s largest crude-processing facility operated by Saudi Arabia’s Aramco has global ramifications, particularly for countries in Asia.
The Star:
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Marriot International sees huge untapped potential in Malaysia's tourism industry
KUALA LUMPUR: Marriott International, the United States-based multinational diversified hospitality company that manages and franchises a broad portfolio...
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Zuraida hits out at detractors of housing promotion in China, HK
KEPALA BATAS: Housing and Local Government Minister Zuraida Kamaruddin has described those who criticised her proposal on promoting RM100bil worth of unsold...
The Edge Markets:
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Ringgit seen at 4.26 versus USD amid trade war - UOB
KUALA LUMPUR (Sept 16): The ringgit is expected to weaken to 4.26 against the US dollar by mid-2020 in anticipation that the US-China trade conflict will hurt Malaysian exports, UOB Global Economics a...
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China's economy slows again, adding pressure for policy response
BEIJING: China’s slowdown is deepening just as risks for the global economy mount, piling pressure on the authorities to do more to support growth.
The Star:
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SE Asia Stocks-Most fall as China data, Saudi attack dent sentiment
MOST Southeast Asian stock markets fell on Monday after dismal data from China, the region's biggest trading partner, signalled weakness for the broader Asian economy, while oil importers were affecte...
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China stocks mixed after downbeat economic data; Hong Kong down
SHANGHAI: China stocks started the week on a mixed note after bleak economic data reinforced hopes Beijing will roll out more stimulus to underpin the economy and...
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Indonesia posts smaller-than-expected trade surplus in August
JAKARTA: Indonesia swung back to a trade surplus in August after posting a deficit a month earlier, data from the country's statistics bureau showed on Monday.
The Star:
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Yuan edges up on trade tailwind but growth, oil curb gains
HONG KONG: The yuan held a firm tone on Monday after a holiday weekend, with markets cheered by signs of progress in U.S.-China trade negotiations though weak...
Malay Mail:
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China's economy strains under disappointing data
BEIJING, Sept 16 — China's economy showed more signs of strain today as the country published weak data for industrial output, investment and retail sales, amid a lingering trade war with the United...
CarSifu:
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Will Europe soon see an electric car selling for under €10,000?
Renault’s K-ZE should be released in China sometime in 2020.
Tech in Asia:
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Rising startups on Tech In Asia: fintech firms are growing fast
Which are the startups that are on the path to becoming the next big thing?
Tech in Asia:
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China’s Smart Fabric banks $100m in round led by Tencent, Sequoia China
China’s Smart Fabric, which develops a service-as-a-system cloud enterprise resource system for the textile industry, has raised US$100 million in a series C round led by Tencent and Sequoia Capital...
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Marriott International sees huge untapped potential in Malaysia’s tourism industry
KUALA LUMPUR, Sept 16 — Marriott International, the United States-based multinational diversified hospitality company that manages and franchises a broad portfolio of hotels and related lodging faci...
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China Mengniu offers 59% premium for baby-formula maker Bellamy's
CHINA Mengniu Dairy Co. agreed to buy organic infant formula maker Bellamy’s Australia Ltd. for A$1.5 billion ($1 billion), securing a premium brand in one of the...
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China Aug industrial output grows at slowest pace in 17-1/2 years
BEIJING: China's industrial production growth skidded to its weakest pace in 17 years and a half in August, expanding just 4.4% year-on-year, signalling further...
Free Malaysia Today:
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No need to fear European palm oil boycott, says commodities expert
HO CHI MINH: A commodities consultant has downplayed fears over the impact of initiatives by European countries to curb the use of palm oil, citing their low consumption of palm oil and palm oil produ...
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Foreign funds return to Bursa with net inflow of RM247mil
KUALA LUMPUR: Bursa Malaysia saw a slight recovery this week, registering a net inflow of foreign funds totalling RM247.1 million from Tuesday to Thursday (Sept 10-12)...
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Why China’s starting to shake up its interest rates
BEIJING: The People’s Bank of China (PBoC) is liberalising its interest rate system in another milestone in the landmark reforms started four decades ago to boost the...
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Japan to eliminate tariffs on US wine in trade deal
TOKYO: Japan has agreed to phase out tariffs on US wine imports as part of a bilateral trade deal expected to be signed at the end of the month, the Nikkei newspaper reported on Sunday.
Malaysiakini:
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Australia concludes China was behind hack on Parliament, political parties
Australia’s cyber intelligence agency - the Australian Signals Directorate (ASD) - concluded in March that China’s Ministry of State Security was responsible for the attack, the five people with d...
Malay Mail:
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US dollar falls as oil attacks send investors to safety
SINGAPORE, Sept 16 — The US dollar fell while safe-havens and currencies of oil producing countries rallied today, following an attack on Saudi Arabian refining facilities that disrupted global oil ...
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In a trade war, China is off limits for this startup
THE China-US trade war threatens to upend the supply chains of multinational technology companies. But smaller businesses are also getting caught up in the dispute.
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When exports to China get digital spike
ONE man’s meat is another man’s poison – the proverb holds true for people’s responses to durian. You either loathe the pulpy-creamy, sweet and stinky fruit or love it...
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Not as simple as using machines
MANUFACTURERS have been put in the spotlight in recent months as the call for automation grows ever stronger and the task of obtaining foreign workers...
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Wake up and smell the cinnamon
CINNAMON might smell like Christmas to many in the West, but to some Vietnamese farmers, it smells like prosperity.
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Should the Federal Reserve cut rates aggressively?
With the cutting of interest rates worldwide, should the US Federal Reserve do so more aggressively as sought by President Donald Trump?
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India plans US$7bil of export stimulus to revive economy
NEW DELHI: India unveiled new measures involving a more than US$7bil boost to exporters and housing projects, as part of efforts to revive a flagging economy.
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Move to hold rates may attract foreign inflows into Malaysia
PETALING JAYA: The move to hold the key benchmark rate unchanged may attract foreign capital flows into Malaysian bonds but much will be dictated by external...
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How does HarmonyOS work? Huawei breaks it down for us
KUALA LUMPUR, Sept 16 — The on-going issues between the US Government and Huawei have been well documented, and repercussions could include a permanent ban on licensed Google apps and services for ...
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The Week That Was: A new age for Alibaba
It is the end of an era for Chinese tech giant Alibaba Group as its co-founder and chairman, Jack Ma, stepped down on Sept 10.
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This oil shock may be different
The disruption of Saudi Arabia’s production facilities comes at a time when the world is experiencing an excess supply of crude oil and slowing economy.
Malay Mail:
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US Fed trades ‘remarkably positive’ for ‘no precedents’ after volatile year
WASHINGTON, Sept 15 — A year ago, US Federal Reserve Chair Jerome Powell held a “remarkably positive outlook” for an economy enjoying a “historically rare” combination of good news including...
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Najib rues Sell, Sell, Sell mentality of PH govt
PETALING JAYA: Former prime minister Najib Razak has accused the Pakatan Harapan-run federal government of a Sell, Sell, Sell mentality by constantly seeking to dispose of national assets to foreigner...
SoyaCincau.com:
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How does HarmonyOS work? Huawei breaks it down for us.
The on-going issues between the U.S. Government and Huawei have been well documented, and repercussions could include a permanent ban on licensed Google apps and services for Android on Huawei devices...
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LSE's snub of HKEX shows doubts over HK: People's Daily
BEIJING: London Stock Exchange Group Plc’s rejection of a takeover proposal from Hong Kong Exchanges & Clearing Ltd. shows that there are doubts around the...
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Citizen Setia members enjoy a night of Cantopop feast with Andy Lau
BUKIT JALIL (Sept 14): After 14-year hiatus, the Heavenly King Andy Lau is back in Malaysia to celebrate mid-autumn festival with his fans with a three- hour non-stop mega show of songs and dance.
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Hong Kong protesters sing 'God Save the Queen' in plea to Britain
Hundreds of Hong Kong protesters singing “God Save the Queen” and waving Union Jack flags rallied outside the British Consulate on Sunday demanding that the former colonial power ensures China hon...
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Nikkei: Japan to eliminate tariffs on US wine in trade deal
TOKYO, Sept 15 — Japan has agreed to phase out tariffs on US wine imports as part of a bilateral trade deal expected to be signed at the end of the month, t1he Nikkei newspaper reported today.
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Perak DAP lodges police report over ‘Lim Guan Eng’s MyKad’
IPOH: Perak DAP yesterday lodged a police report over a Facebook posting containing false allegation made by PAS Kawasan Bukit Gantang’ against DAP secretary-general Lim Guan Eng in connection with ...
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Large US banks sweating the move to lower interest rates
NEW YORK, Sept 15 — President Donald Trump’s attacks on the US Federal Reserve make financial markets cringe, but his demand for zero interest rates makes banks sweat.
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Expert: Attract Chinese investors to Malaysia by focusing on high-tech firms
KUALA LUMPUR, Sep 15 — Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) president Datuk Ter Leong Yap said focusing on labour-intensive foreign investments is no longer a vi...
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Huazong’s president retires with pride
Tan Sri Pheng Yin Huah just retired as Huazong president, but the magnificent Wisma Huazong will remind people of his sacrifice and contribution.
Free Malaysia Today:
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Zuraida urged to let developers handle their high-end glut
PETALING JAYA: Private developers, and not the government, should be the ones to find a solution to the glut of high-end property, says the National House Buyers Association.
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Hong Kong falls. Singapore rises
SEPTEMBER 15 — Like so many others in the region and wider world, I looked on with sadness as I saw Hong Kong’s protests escalate from peaceful rallies to daily clashes.
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Hong Kong activist Joshua Wong seeks US support for protests
Hong Kong pro-democracy activist Joshua Wong said on Saturday he was seeking the support of US lawmakers for the demands of his fellow protesters who have led months of streets demonstrations, includi...
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