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Asian shares fall as Sino-US trade spat intensifies(Update)

TOKYO: Asian shares retreated on Monday after U.S. President Donald Trump cranked up trade tensions with China by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.

MSCI's broadest index of Asia-Pacific shares outside Japan skidded 0.4 percent to its lowest level since May 31.  Financial markets in China and Hong Kong were closed for Dragon Boat festival holiday. South Korea's Kospi index slipped 0.5 percent while Australian shares eased 0.1 percent.  Japan's Nikkei sank 0.9 percent as worries over growing protectionism overshadowed stronger-than-expected export data.  U.S. E-mini S&P futures were down 0.5 percent in early trade, suggesting a weaker start on Wall Street.

CIMB Research rates banks as Neutral on lower margins

KUALA LUMPUR: CIMB Equities Research continues to rate banks as a Neutral given the expected contraction in margins (from the levels in 1Q18) and weak loan growth.

Mexican presidential front-runner vows to consult public about airport's future

TEXCOCO, Mexico (Reuters) - Mexican presidential front-runner Andres Manuel Lopez Obrador said on Sunday that if he wins the July 1 election, he will aim to hold a public vote before taking office on whether to finish building a $13 billion airport outside Mexico City.

Oriental plans to operate its new oil mill in Indonesia next year

GEORGE TOWN: Oriental Holdings Bhd’s fourth oil mill, to be built at a cost of RM156.1mil, in Sumatra, Indonesia will start operations in 2019.

Positive contribution: Oriental says the oil mill will meet the projected output of fresh fruit bunch from the group’s young trees in south Sumatra from 2020 to 2022

Clearing the air over Sungai Tuan development project

THE Sri Mahamariamman Temple Devasthanam management has denied any conflict of interest in the development of the Sungai Tuan land belonging to the temple.

Sri Mahamariamman Temple Devasthanam management, which manages the Batu Caves temple, says it received the go-ahead to develop the Sungai Tuan land from the Attorney-General‘s Chambers.
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Banding together to achieve benevolent goals

THE fourth annual dinner of the Hulu Langat Fui Chiu Association (HLFCA) was a night to remember.

Cheng (second from left) presenting the bottle of rare brandy to Yap (second from right) while Hee (centre) looks on during the auction.

PublicInvest retains ‘outperform’ call on I-Bhd

PETALING JAYA: Property developer I-Bhd is off to a good start to 2018, following some commendable first quarter earnings.

I-Bhd, which is best known for its 72-acre I-City development in Shah Alam(pic of model), registered a 16.6% net profit growth to RM24.49mil for the first quarter of the financial year 2018 compared with the corresponding quarter last year.

Investing in N. Korea: Money pit or golden opportunity?

PYONGYANG: Donald Trump dangled the carrot of foreign investment in front of North Korean leader Kim Jong Un at their nuclear summit, but analysts say few will want to put money into one of the highest-risk business environments in the world.

Few takers: A file picture showing Pyongyang’s skyline. Trump dangled the carrot of foreign investment in front of Kim at their recent summit, but analysts say few will want to put money into one of the highest-risk business environments in the world. — AFP

Three people hurt in Moscow taxi incident to be discharged from hospital - RIA

MURAS-ORDO/MOSCOW (Reuters) - Three people injured when a taxi drove into pedestrians in central Moscow on Saturday will be released from hospital in coming days, state news agency RIA cited a city health official as saying.

Mojo the rescued puppy up for adoption

PETALING JAYA: The incessant cries of a lone puppy inside a drain caught the attention of a retiree in Taman Cuepacs, Cheras.