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PETALING JAYA: Total vehicle sales rose 41% to 68,465 units in July from 48,533 units in the previous corresponding period on the back of lower prices due to the zero-rating of the goods and services tax (GST) currently.
SHANGHAI: The financial results of Chinese developers this earnings season have been roundly impressive, but there is one metric that should give investors pause: Firms’ ability to service their debt is the weakest in three years.
PETALING JAYA: The plantation and services sectors are expected to be most affected by the increase in minimum wage while the impact on other industries will be “manageable”, said analysts.
PETALING JAYA: The final acceptance of Bumi Armada Bhd’s Armada Kraken floating production, storage and offloading vessel (FPSO) will help mitigate the group’s default risks on its related borrowings and improve earnings and cash flow visibility.
CGS CIMB stays “neutral” on the telecom sector. It noted that during the June to August 2018 quarter, postpaid market activities were largely quiet. U-Mobile (UM) raised its brand’s visibility with a new RM50 per month unlimited plan.
KUALA LUMPUR: The banking industry’s loan growth picked up from 4.4% year-on-year (y-o-y) at end-March 2018 to 5% y-o-y at end-June 2018.