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Oil sputters after Opec+ fails to nail down new output target
SEOUL: Oil sputtered near US$58 a barrel as the Opec+ coalition failed to pin down the details of an agreement to adjust its official output target even after six hours of talks in Vienna.
Affin Hwang AM launches first leveraged and inverse ETF
KUALA LUMPUR: Affin Hwang Asset Management Bhd (Affin Hwang AM) marked a new milestone for the industry with the launch of the country’s first leveraged and inverse (L&I) exchange traded fund (ETF) which was listed on the Main Market of
Bursa Securities on Friday.
Made in China: Samsung farms out more phones to fend off rivals
SEOUL: Samsung's plan to outsource a fifth of its smartphone production to China next year may help it compete with low-cost rivals such as Huawei and Xiaomi but it's a strategy fraught with risks, people with familiar with the move said.
E-commerce dampener
THE influx of cheap electrical items, spurred by the boom in e-commerce, is dampening the sales of manufacturers based in Malaysia.THE influx of cheap electrical items, spurred by the boom in e-commerce, is dampening the sales of manufacturers based in Malaysia.
KNM gets additional RM21.52mil contract
PETALING JAYA: KNM Group Bhd’s unit, FBM-KNM FZCO, has accepted an additional purchase order from PSS Netherlands B V Sharjah Branch worth US$5.18mil (RM21.52mil) for the supply of shell and tube heat exchangers for the Clean Fuels Project in Thailand.
KNM receives additional RM21.52mil contract for Thai refinery project
KUALA LUMPUR: KNM Group Bhd's unit FBM-KNM FZCO has accepted an additional purchase order from PSS Netherlands B V Sharjah Branch worth US$5.18mil (RM21.52mil) for the supply of shell and tube heat exchangers for the Clean Fuels Project in Thailand.
A record US$173bil flowing from S. Korea into risky assets
SEOUL: A hunt for yield is prompting South Korean investors to pile tens of billions of dollars into unconventional assets abroad, raising risks of losses on unfamiliar products.
Globetronics prepares for new smartphone releases
GEORGE TOWN: Global smartphone sales are picking up, latest industry data shows, and that is good news for component supplier Globetronics Technology Bhd.
Tapping Penang’s proximity to growth markets
VAMP Tech Sdn Bhd’s new RM30mil flame retardant resins production facility in Bukit Minyak is well-positioned to tap the growing markets of China, Europe and South-East Asia, says president and chief executive officer Piero Eigenmann.
Apple lost ground to Huawei, Samsung before iPhone 11 debut
SEOUL: Apple Inc lost ground to Samsung and Huawei in the third quarter when global smartphone sales rose on a quarterly basis only for the first time in two years, according to Canalys.