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BEIJING: China plans to cut its growth target to around 7% in 2015, its lowest goal in 11 years, sources said, as policymakers try to manage slowing growth, job creation and pursuing reforms intended to make the economy more driven by market forces.
BASED on the unchanged RM49bil development expenditure and the Government’s focus on public transportation infrastructure, CIMB Research said it believes the negative scenario of deferment of projects in light of falling oil prices should not be overplayed.
Apple’s quarterly profit rocketed to a corporate record US$18bil (RM65bil) at the end of last year on booming sales of big-screen iPhone models, especially in China.
Electronic Arts Inc, publisher of the FIFA and Madden NFL videogames, posted better-than-expected quarterly profit and revenue, helped by growth in digital revenue and strong sales of its sports titles.
KUALA LUMPUR: CIMB Equities Research expects investor sentiment in Malaysia’s construction sector to likely gradually recover.