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Business 25 May 2019 | 12:00 AM

The dirt on money laundering

Money laundering Money is the main cause for people to engage in almost any type of criminal activity. Money-laundering is the process of concealing the source of illicit funds or “dirty money.’’

Business 25 May 2019 | 12:00 AM

Who will pay as US-China trade wars intensify?

THE latest developments in the unfolding trade war saga suggest that trade tensions between the United States and China will be more protracted than previously expected, says Schroders chief economist and strategist Keith Wade.

Business 25 May 2019 | 12:00 AM

Why are stock markets complacent?

Think Asian by Andrew Sheng THERE has been so much bad news lately that the only good news, if you believe it, lies in the stock market. Simply put, despite all the trade war and political bad news, the US stock markets hover around historical highs. And Asian stock markets are still guided by sentiment in Wall Street.

Business 24 May 2019 | 5:21 AM

US beer industry blames Trump tariffs for 40,000 job losses

NEW YORK: The US beer industry is blaming a jobs hangover on the Trump administration’s tariffs.

Business 24 May 2019 | 12:00 AM

Tesla’s ‘extreme’ success in Norway becomes double-edged sword

OSLO: In one of Tesla Inc’s biggest markets, it’s been stung by its own success.

Business 24 May 2019 | 12:00 AM

UMW allocates RM607mil for capex

SHAH ALAM: UMW Holdings Bhd has set aside RM607mil for capital expenditure (capex) this year, which will see upgrading work at its car assembly plant in Shah Alam and the purchase of new heavy machinery to expand its leasing business.

Business 23 May 2019 | 12:00 AM

Currency strategists brace for trade war worse-case scenarios

SAN FRANCISCO: As US-China trade-war rhetoric escalates without any plan for a resumption of negotiations, currency strategists are mapping out foreign-exchange implications.

Business 22 May 2019 | 12:00 AM

Australia to loosen mortgage rules in reprieve for banks

SYDNEY: Australia’s prudential regulator said it plans to relax some of the norms banks use to determine how much they can lend to customers, sending stocks in the sector higher on expectations the move would boost borrowing.

Business 22 May 2019 | 12:00 AM

UMW first quarter earnings up by 17%

PETALING JAYA: UMW Holdings Bhd’s net profit for its first quarter ended March 31 rose 17% to RM86.50mil from RM74.08mil in the previous corresponding period, driven by the better performance of its automotive and manufacturing and engineering (M&E) segments.

Business 21 May 2019 | 12:00 AM

Dramatic rise in fight against money laundering

PETALING JAYA: It is not easy to totally fight money laundering (ML) and counter-terrorist financing (CTF) activities simply because there is always someone willing to give in or take a bribe to let it happen.