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Trump says 'dangerous' Huawei could be included in US-China trade deal

WASHINGTON/BEIJING: President Donald Trump said on Thursday U.S. complaints against Huawei Technologies Co Ltd might be resolved within the framework of a U.S.-China trade deal, while at the same time calling the Chinese telecommunications giant "very dangerous."

"You look at what they've done from a security standpoint, from a military standpoint, it's very dangerous," Trump said in remarks at the White House. "If we made a deal, I could imagine Huawei being possibly included in some form or some part of it."

Govt invites bids for new immigration system

PETALING JAYA: A new immigration and border control system for the country is set to be rolled out, aimed at replacing the now-defunct RM3.5bil Sistem Kawalan Imigresen Nasional (SKIN) project approved by the previous Barisan Nasional administration.

Home Minister Tan Sri Muhyiddin Yassin had said previously that the decision to cancel SKIN was based on the need to develop a new system that was more comprehensive, efficient and user-friendly.  He also said that the new system must be one that is value-for-money and would bring savings to the government.

Dayang Q1 losses at RM4.13mil

PETALING JAYA: Dayang Enterprise Holdings Bhd has managed to reduce its net losses in the first quarter ended March 31 as work orders picked up, and it expects to perform better with an order book of nearly RM3bil and firm oil prices.

Dayang said in a statement that its net losses were RM4.13mil compared with RM21.30mil a year ago.  Revenue rose 0.5% to RM156.41mil from RM148.78mil. Loss per share was at 0.43 sen compared with 2.21 sen.

Malton MD passes away

PETALING JAYA: Malton Bhd has announced the demise of its managing director (MD) Lim Siew Fai.

The company said in a statement to Bursa Malaysia that Lim was 52 when he passed away on Tuesday.

Lower sugar prices push MSM into the red

PETALING JAYA: MSM Malaysia Holdings Bhd, the country’s leading refined sugar producer, has registered a net loss of RM7.06mil for its first quarter ended March 31, on the back of lower sugar prices, a 15% increase in the issuance of approved import permits (APs) and a sharp drop in export volumes.

Genting earnings drop to RM562mil

PETALING JAYA: Genting Bhd’s net profit fell 6.8% to RM561.65mil in the first quarter ended March 31, 2019 (1Q19) from RM602.7mil a year ago due to termination-related costs of RM198.3mil by its subsidiary Genting Malaysia Bhd, as well as a loss on discontinued cash flow hedge.

Moving forward, Genting Malaysia remains cautious on the growth potential of the leisure and hospitality industry.

UMW allocates RM607mil for capex

SHAH ALAM: UMW Holdings Bhd has set aside RM607mil for capital expenditure (capex) this year, which will see upgrading work at its car assembly plant in Shah Alam and the purchase of new heavy machinery to expand its leasing business.

SC revokes remisier’s licence

PETALING JAYA: The Securities Commission (SC) has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Chu Li Choon for various improper business practices when transacting for her client.

The SC also imposed a penalty of RM100,000 on Chu for failing to comply with the condition of her CMSRL, which requires her to remain fit and proper at all times as provided under Paragraph 7.03(1) of the SC’s Licensing Handbook.

Sime Plantation rolls out first satellite map platform Crosscheck

KUALA LUMPUR: The world’s largest plantation company, Sime Darby Plantation Bhd (SDP), is going the extra mile by rolling out the first satellite map platform known as ‘Crosscheck’ in the palm oil industry to convince its customers that its oil is deforestation-free.