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Bank Negara adds Tu-E Capital to alert list

KUALA LUMPUR: Bank Negara Malaysia has added Tü-E Capital Bhd – which has its origins in Indonesia – to its Financial Consumer Alert list of unapproved companies and websites.

Retailers see 4.7% growth for this year

KUALA LUMPUR: Malaysia’s retail sector, which grew 2% last year, is projected to grow 4.7%, or RM104.4bil in 2018, according to Retail Group Malaysia (RGM).

Broadcom to end bid for Qualcomm, keeps plan to move to US

Singapore-based Broadcom Ltd is planning to scrap its bid for Qualcomm Inc , after U.S. President Donald Trump blocked the chipmaker's proposed acquisition on national security grounds earlier this week, although it will press on with its plan to move its base to the United States, according to sources familiar with the matter.

Being based in the United States as opposed to Singapore will allow Broadcom to make what it believes will be acquisitions of U.S. companies that will not fall within the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS), which scrutinizes deals for potential national security concerns.