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Dubai free zone to refund US$354mil in fees

DUBAI: Dubai’s main port and biggest free zone authority plans to return 1.3 billion dirhams (US$354mil) in cash and bank guarantees to its clients in an effort to stimulate the broader economy.

Bank Negara nudges lending rates

IF anybody thinks that Bank Negara decided to reduce interest rates solely because of the weakening global economic environment, they should think again.

The trade war rages on

The tit-for-tat trade battle between the United States and China, if it materialises into a full-blown war, will cause disruption to Asean’s growth before anything else.

Poor prospects: At press time, China was reported to have minimal interest in continuing trade discussions with the United States, citing ‘little sincerity’ on Washington’s part. — AFP

Short position

WHETHER people like it or not, it is the foreign flow of money into the stock market that really is the fifth gear for market momentum.

Property crowdfunding kicks off

A NOVEL way for first-time house buyers to fund their purchase without a bank loan will soon hit the market.

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Better outlook puts MBSB on the radar

MBSB Bank Bhd sprang a surprise with an unexpected surge in impairment allowances for the first quarter ended March 31, 2019 (1Q19).