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Increase size of middle class group

From SZE LOONG STEVE NGEOW of Kajang.

Lotte says third plant to meet demand for polypropylene

JOHOR BARU: Lotte Chemical Titan Holding Bhd hopes the completion of its third polypropylene plant (PP3) in Pasir Gudang here will meet market demand growth for polypropylene in Malaysia, Indonesia, China and the rest of the South-East Asian market.

Feeder fund eyes RM100mil in 12 months

KUALA LUMPUR: Maybank Asset Management Group Bhd (MAMG) and Bank of New York (BNY) Mellon Investment Management have jointly launched feeder fund MAMG Asia Rising Stars Fund, with the aim to achieve an assets under management (AUM) of RM80mil to RM100mil within 12 months.

Company honours late chairman at dinner

AEON Group of Japan and Malaysia paid tribute to the working friendship between Aeon Co Ltd chairman and adviser Takuya

Timber and its product exports down 5.7% from January to August

KUALA LUMPUR: The total export of timber and timber products declined 5.7% to RM14.6bil from January to August this year compared to the same period of 2017 due to weather factors.

China’s factory heartland braces for Trump’s big tariff hit

BEIJING: In China’s manufacturing heartland around the Pearl River Delta, Donald Trump’s 10% tariffs are causing little concern. The 25% duties that loom next year are another matter.

Australian jobless rate drops to lowest in over six years

SYDNEY: Australia’s jobless rate fell to the lowest in more than six years in September as fewer people sought work, suggesting the drop is unlikely to alter the Reserve Bank’s (RBA) policy outlook.

Novartis to buy cancer drugmaker Endocyte for US$2.1bil

LONDON: Novartis AG agreed to buy cancer drugmaker Endocyte for US$2.1bil, or US$24 a share, expanding further into the increasingly competitive and lucrative field of oncology.

Apple processor supplier grapples with stalling global smartphone market

TAIPEI: Taiwan Semiconductor Manufacturing Co (TSMC) forecast revenue below analysts’ estimates, as the sole supplier of Apple Inc’s iPhone processors grapples with a stalling global smartphone market.

PM: 11th Malaysia Plan aims to ensure shared prosperity for all

KUALA LUMPUR: Pakatan Hara­pan will chart its own policy direction by focusing on development that is inclusive and equitable tow­ards the goal of a united Bangsa Mal­aysia, says Tun Dr Mahathir Moha­mad.