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Damansara Realty, Negeri Sembilan govt in RM771m project

KUALA LUMPUR: Damansara Realty Bhd and the Negeri Sembilan government will jointly undertake a mixed development property project in Bandar Sri Sendayan, Seremban with a gross development value of RM771mil.

Shadow banking crisis raises risk of Indian bad loan redux

MUMBAI: Just as India’s banks emerge from under a pile of bad loans to large energy, steel and other industrial companies, they are facing a new reckoning from the accelerating crisis in the country’s shadow banking sector.

At its policy meeting earlier this month, the RBI indicated it viewed liquidity conditions as broadly sufficient and would improve transparency around how it assesses this.

US chipmakers quietly lobby to ease Huawei ban

SAN FRANCISCO / WASHINGTON: Huawei's American chip suppliers, including Qualcomm and Intel, are quietly pressing the U.S. government to ease its ban on sales to the Chinese tech giant, even as Huawei itself avoids typical government lobbying, people familiar with the situation said.

Executives from top U.S. chipmakers Intel and Xilinx Inc attended a meeting in late May with the Commerce Department to discuss a response to Huawei's placement on the black list, one person said.  The ban bars U.S. suppliers from selling to Huawei, the world's largest telecommunications equipment company, without special approval, because of what the government said were national security issues.  Qualcomm has also pressed the Commerce Department over the issue, four people said.

JCorp reports RM5.61bil revenue

JOHOR BARU: Johor Corp (JCorp), the southern state’s investment agency has managed to maintain a significant financial performance despite operating in unfavourable uncertainties market conditions.

PBoC’s ‘tremendous room’ to act could be tested soon

BEIJING: The boast by People’s Bank of China governor Yi Gang (pic) this month that he has “tremendous room” to adjust policy could soon be tested as the economy slows, throwing attention on the impact on the nation’s fragile currency and financial markets.

US to launch public hearings on additional China tariffs next week

WASHINGTON: The U.S. Trade Representative's Office on Monday will kick off seven days of testimony from U.S. retailers, manufacturers and other businesses about President Donald Trump's plan to hit another $300 billion (£238 billion) worth of Chinese goods with tariffs

Public hearing on President Donald Trump's plan to hit another $300 billion (£238 billion) worth of Chinese goods with tariffs

Tadmax shakes off power plant blues

TADMAX Resources Bhd, a company primarily involved in property development and dogged by uncertainties in its venture into power generation, is seeing some light.