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Major expenditure in e-commerce to continue

PETALING JAYA: South-East Asia’s Internet economy hits an inflection point in 2018 by garnering US$72bil (RM300.6bil) in gross merchandise value (GMV). E-commerce has been the fastest growing sector – reaching US$23bil in 2018 and expected to exceed US$100bil in GMV by 2025.

US-China trade war: Fund managers pick stocks to boost portfolio

PETALING JAYA: With the US-China trade war heating up with no signs of abatement, fund managers on the home turf, who have been profit-taking, are actively buying into fundamentals locally and regionally to boost their equity portfolios.

Fortress Capital Asset Management CEO Thomas Yong (pic) said after a healthy portfolio performance in the first quarter, it has continued to stay invested in Asian equities.  “Having said that, cash levels have risen to almost 25% recently, as some of our portfolios profit-take on earlier positions and realign towards other undervalued opportunities."

Saudi Arabia says oil producers want to reduce inventories

JEDDAH, Saudi Arabia: Saudi Energy Minister Khalid al-Falih said on Sunday there was consensus among OPEC and allied oil producers to drive down crude inventories "gently" but his country would remain responsive to the needs of what he called a fragile market.

At the OPEC meeting on Sunday: Clockwise: UAE Energy Minister Suhail bin Mohammed al-Mazroui speaks to the media, Mohammed Barkindo, Secretary General of OPEC, is seen before the OPEC, An employee adjusts the Mexican flag at the meeting room before the OPEC meeting, Russian Energy Minister Alexander Novak is seen in the meeting room, Mustafa Sanalla, Libya's National Oil Corporation (NOC) chief speaks to the media, Nigerian oil minister Emmanuel Ibe Kachikwu speaks to the media. - Reuters

Addressing weak and contracting private investments

PETALING JAYA: The government should seriously look into the causes of the subdued growth in private investments which, if not addressed, could affect the country’s long-term economic goals.

“Private investments should be a key priority for the government as its vitality is critical for sustaining our economic growth on a sustained basis, raise future growth potential, create high income jobs and increase exports,” Socio-Economic Research Centre (SERC) executive director Lee Heng Guie told StarBiz