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Pimco cautious on Malaysia as tax reform to hurt revenue

KUALA LUMPUR: Pacific Investment Management Co. is cautious on Malaysian bonds, predicting the new government’s economic reforms will hurt state finances, while a review of infrastructure spending curtails investment.

Google to invest US$550m in Chinese e-commerce giant JD.com

SINGAPORE: Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant's efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.

Google is stepping up its investments across Asia.

Google to invest US$550m in Chinese e-commerce giant JD.com

SINGAPORE: Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant's efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.

Ringgit weakens past 4 to US$

KUALA LUMPUR: The ringgit weakened against the surging US dollar in late morning trade on Monday to 4.0015, which was the lowest since January this year.

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