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Press Metal optimistic of further growth

PETALING JAYA: Press Metal Aluminium Holdings Bhd is optimistic of further growth, following a satisfactory set of results and achievements for the financial year ended December 31, 2017 (FY17).

Riding on with its smelters operating at full capacity of 760,000 metric tonnes per annum, the company has ramped-up its capacity for value added products.

US-China trade war escalates

WASHINGTON: China vowed to retaliate after US President Donald Trump threatened tariffs on another US$200bil in Chinese imports, deepening a trade dispute between the world’s two biggest economies.

In an immediate rebuke to Trump, the Ministry of Commerce in Beijing labelled the move “extreme pressure and blackmail,” and said it would retaliate with counter measures.

Casualties of US-China trade war, Bursa extends loss

PETALING JAYA: The intensifying trade war between the world’s two largest economies led investors to flee riskier assets especially equities, causing a selldown in major equity markets.

Stocks tumble: The Hang Seng Index closed at 29,468.15, a loss of 2.78, in Hong Kong yesterday. Hong Kong and Shanghai stocks led a sell-off across Asian and European markets on rising fears of a trade war after Trump threatened fresh tariffs on Chinese imports and Beijing warned of countermeasures. — AFP

Digi.Com CEO to join Telenor

KUALA LUMPUR: Digi.Com Bhd has announced that chief executive officer (CEO) Albern Murty will join Telenor Group as executive vice-president for the Developed Asia cluster, effective Aug 1, 2018.

In a statement, the telecommunications company said Albern(pic) would continue as Digi’s CEO and also oversee Telenor's operations in Thailand and Malaysia.

BToto lower after fall in Q4 profit

PETALING JAYA: Berjaya Sports Toto (BToto) shed four sen after its net profit fell 51.5% year-on-year (y-o-y) to RM35.18mil in the fourth quarter ended April 30.

The group had attributed the decline in its net profit to impairment in value for certain available-for-sale investments and goodwill relating to leasing of lottery equipment business in Philippines.

Billion ringgit quarter

PETALING JAYA: Top Glove Corp Bhd’s quarterly revenue crossed the RM1bil mark for the first time ever for the three months to May

Top Glove executive chairman Tan Sri Lim Wee Chai (pic) said the group’s stellar performance was attributable to stronger glove demand, which led to better cost efficiencies, resulting from a higher utilisation rate.

Brahmal emerges as substantial shareholder in AQRS

PETALING JAYA: Renowned investor Brahmal Vasudevan (pic) has emerged as a substantial shareholder in construction and property company Gabungan AQRS Bhd with a 5.07% stake or 23.11 million shares in the company.

In a filing with Bursa Malaysia, Gabungan said that Brahmal, who is founder and chief executive officer of private equity firm Creador Sdn Bhd, bought 178,700 shares via the open market yesterday, thus bringing his total stake in the company to 5.07%. (Filepic shows Brahmal)

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