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From SZE LOONG STEVE NGEOW of Kajang.
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.
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.
AEON Group of Japan and Malaysia paid tribute to the working friendship between Aeon Co Ltd chairman and adviser Takuya
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.
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.
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.
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.
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.
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.