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Business

US economic growth seen slowing in second quarter

THE US economy likely grew at its slowest pace in more than two years in the second quarter as an acceleration in consumer spending was probably offset by weak exports and business investment.

Business Premium

Hartalega sees antimicrobial gloves as game changer

HARTALEGA Holdings Bhd, the biggest glovemaker on Bursa Malaysia by market capitalisation, appears to be taking the competitive pressures of the industry in its stride.

Business

Hartalega allocates RM630mil capex

SEPANG: Hartalega Holdings Bhd, the biggest rubber glovemaker by market capitalisation, will invest more money for expansion with a RM630mil allocation for capital expenditure for the next three years

Business

Hartalega to allocate RM630mil for capex over three years

SEPANG: Hartalega Holdings Bhd will be pumping in more money to expand its glove making capacity and it will allocate RM630mil as capital expenditure in the next three years.

Business

Asian markets down on Fed interest rate cut worry

PETALING JAYA: Equity markets appear to be bracing for a disappointment and are expecting a smaller interest rate cut by the US Federal Reserve (Fed) come the end of this month.

Business

Malaysia trade outlook positive

KUALA LUMPUR: The trade outlook continues to be optimistic for Malaysia despite the ongoing US-China trade war, said Malaysia External Trade Development Corp (Matrade) chief executive officer Datuk Wan Latiff Wan Musa.

Business

Vietnam goes from trade war winner to Trump target

HANOI: Americans are buying solar panels from Vietnam like never before, but local manufacturer IREX Energy JSC isn’t celebrating.

Business

Temasek’s Pillay looks to private assets amid share volatility

SINGAPORE: Temasek International Chief Executive Officer Dilhan Pillay says the S$313 billion ($230 billion) investment firm will be more cautious when investing in the public markets this year as it increases bets on unlisted companies globally.

Business

IHH shares regain some lost ground

PETALING JAYA: IHH Healthcare Bhd shares regained some lost ground from Monday’s selling due to the still volatile Turkish lira which has impacted sentiment on the company.

Business

Temasek portfolio value rises

Singapore: Temasek Holdings Pte held onto gains in its portfolio amid global trade uncertainties after selling S$28bil (US$20.6bil) of holdings as US equity markets hit record highs and its unlisted assets outperformed.