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Foreign investors still see Malaysia as a lucrative market

KUALA LUMPUR: Despite the gloomy global economic outlook, foreign investors still view Malaysia as a lucrative investment destination, owing to the country’s stable political landscape and steady energy prices.

Rakuten Trade Sdn Bhd head of research Kenny Yee(pic) said this positive sentiment has resurfaced as trade tension between the United States and China have subsided.

The firm making baseball gloves

EVER seriously considered a baseball glove? “The feel as it firmly wraps around your hand, the subtle pop as a ball hits it. These characteristics are things that make crafting with [leather] one of the most enjoyable parts of my job. It’s one of the most interesting materials known to man.”

Made in US: Storey holds a glove made for the Texas Rangers at its manufacturing facility. — Bloomberg

Oil mixed as China tariff talk scotches early rally

NEW YORK: Oil prices pulled back on Friday amid concerns additional U.S. tariffs would be placed on China, trading mixed after a rally triggered by worries of more sanctions on Iran.

Brent crude however pulled back on the reports of additional tariffs, dropping 5 cents a barrel to $78.12 by 1:03 p.m. EDT. The global benchmark fell 2 percent on Thursday after rising on Wednesday to its highest since May 22 at $80.13.  U.S. West Texas Intermediate (WTI) futures were up 29 cents at $68.88 a barrel after dropping 2.5 percent on Thursday.  After a volatile week, Brent was set for a 1.6 percent weekly rise and WTI 1.6 percent.

New trade talks give rise to bullish hopes

Review: It may have been a holiday-shortened trading week on Bursa Malaysia but the world’s markets remained on edge over matters of global trade.

Getting ready for a lean budget

MALAYSIANS are now in for three phases of change in the role of government in New Malaysia. During the period of political and economic policy transition, we have to endure some adjustment and transition costs.

Petronas opens new R&T centre for Latin America

BRASILIA: Petronas, through its subsidiary Petronas Lubricants International, has opened its Research and Technology Centre in Latin America, the largest facility dedicated to the development of fluid technology to meet the region’s automotive and industrial sector’s growing needs.

Syed Zainal: It represents our partnership with worldwide leaders in automotive and industrial sectors.

Rising jet fuel price woes

THE sale of prime properties owned by Media Prima Bhd to Permodalan Nasional Bhd (PNB) may not be an easy affair.