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China’s growth slows to 28-year low, more stimulus seen

BEIJING: China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising US tariffs, dragging2018 growth to the lowest in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown.

Poor sentiment: A container is unloaded from a China Ocean Shipping Company cargo vessel at a port in Yantai, Shandong province. China’s growth last year was affected by poor consumer sentiment brought about by the ongoing US-China trade war which weighs on profits for firms ranging from Apple to big carmakers. — Reuters

Credit ratings to grind lower for EM, eyes on Latin America

LONDON: Credit ratings in the developing world look set to grind lower again this year as the world economy slows, with Latin America likely to be the centre of the action – though the news might not be all bad.

Japan recession risk rises

TOKYO: Chances that Japan will slide into a recession this coming fiscal year have grown over the past three months, a Reuters poll of economists found, pressured by a global economic slowdown and US-China trade friction.

Lower forecasts: The Bank of Japan building in Tokyo. The central bank is expected to cut its inflation forecasts at its meeting today and tomorrow. — Reuters

Slightly faster GDP growth seen for the Philippines

MANILA: Easing inflation likely lifted the Philippines economy’s growth pace a little in 2018’s fourth quarter, a Reuters poll showed, giving the central bank more flexibility in managing interest rates.

Nikkei ends at month high, softer yen boosts exporters

TOKYO: Japan’s Nikkei advanced to a more than one-month high on Monday, tracking gains in U.S. shares that helped buoy cyclical stocks such as shippers, while a weaker yen boosted exporters.

Asia holds breath for China data, Brexit news

SYDNEY: Asian markets were in limbo early on Monday ahead of data likely to show the Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade.

Timely to review the Malaysia's Automotive Policy

DEPUTY International Trade and Industry Minister Dr Ong Kian Ming sat down with StarBiz to speak on a number of issues pertaining to international trade and manufacturing in Malaysia.

Ong: It is timely for us to review the NAP and these additional elements will be put into the NAP including what is our policy in terms of encouraging electric cars, hybrid cars, beyond what was put in 2014 which the focus then was on EEV.

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