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Business

China cuts taxes in Shanghai to lure investment

Shanghai: China says it will cut taxes and ease restrictions on cross-border money flows in the new free-trade area in Shanghai, a move that will likely attract more foreign investment and help counteract some of the effects of the trade war.

Business

Anxiety over Fed’s signalling of rate cut

THE Federal Reserve’s signalling of a possible interest rate cut may not be taken as a positive sign, rather it could be an indication of things worse to come.Those wishing for rate cuts to boost markets, should be careful of what they wish for!

Business

Bank of Jinzhou auditors resign citing loan inconsistencies

HONG KONG: Bank of Jinzhou Co said its auditors resigned, sending some of its debt securities plunging and reigniting investor concerns about the riskiness of China’s smaller lenders.

Business

Huawei reviewing FedEx relationship, says packages ‘diverted’

HONG KONG: Chinese telecoms equipment maker Huawei is reviewing its relationship with FedEx Corp after it claimed the U.S. package delivery company, without detailed explanation, diverted two parcels destined for Huawei addresses in Asia to the United States and attempted to reroute two others.

SMEBiz

Homes of the future

CONNECTIVITY and smart devices are almost a ubiquity in modern day life. As technology continues to advance, more and more gadgets and appliances will be operated independent of human intervention.

Business

Malakoff plant unaffected by fire

KUALA LUMPUR: Malakoff Corp Bhd’s Tanjung Bin energy power plant was unaffected although a fire had occurred yesterday morning which involved the conveyor belt carrying coal.

Business

Malakoff power plant unaffected despite fire at conveyor belt

KUALA LUMPUR: Malakoff Corporation Bhd's Tanjung Bin energy power plant was unaffected despite a fire had occurred on Monday morning which involved the conveyor belt carrying coal.