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Maybank Research upgrades UEM Sunrise to Buy

KUALA LUMPUR: Maybank Investment Bank Research has upgrades UEM Sunrise to a Buy after the recent decline in its share price while it expects earnings to pick up strongly.

Japan manufacturers' mood hits three-year low

TOKYO: Japanese manufacturers' business confidence hit a three-year low in July, highlighting the fragility of the export-led economy as external demand slackens in the face of cooling global growth and trade friction, the Reuters Tankan showed.

The Reuters Tankan aligned with the Bank of Japan's closely watched quarterly tankan business survey out earlier this month, which showed big manufacturers' business confidence fell to a nearly three-year low in the quarter to June.

i-Stone up nine sen on debut

KUALA LUMPUR: i-Stone Group Bhd, which made its debut on the Ace Market of Bursa Malaysia yesterday, surged nine sen or 56.25% to 25 sen in morning trade.

Contractors could secure up to RM11bil in ECRL

PETALING JAYA: Local contractors could secure between RM8.8bil and RM11bil in civil work contracts from the RM44bil East Coast Rail Link (ECRL), which is set to be relaunched at the end of the month.

i-Stone soars 56% on trading debut

KUALA LUMPUR: i-Stone Group Bhd, making its debut on the ACE Market of Bursa Malaysia today, surged nine sen or 56.25% to 25 sen in morning trade.

Sustainability as a key focus

AS an entrepreneur, Serba Dinamik Holdings Bhd founder and chief executive officer Datuk Mohd Abdul Karim Abdullah believes that in volatile times, one of the most important components in business is ensuring sustainability.

Karim believes that customers should always be the first consideration, but of equal importance are employees who execute business plans.

CAB expects to start work on JV with Salim Group in Q4

GEORGE TOWN: CAB Cakaran Corp Bhd expects its joint venture (JV) integrated poultry-farming project with the Salim Group in Indonesia to commence construction in the fourth quarter of this year.

China Q2 GDP growth slows to 27-year low

BEIJING: China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure.

Slowing down: A woman poses for a picture with a Chinese flag in front of the skyline of the financial district in Shanghai. The April-June economic expansion, in line with analysts’ expectations, was the slowest since the first quarter of 1992, the earliest quarterly data on record. — AFP

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