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Trade war rejuvenates ‘Silicon Valley’ firms in Malaysia
YEARS after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it’s hiring more workers, considering an expansion and picking and choosing orders.
Taiwan’s market fortunes tied to TSMC like never before
TAIPEI: Taiwan’s largest stock is so dominant it’s even underpinning a surge in the local currency.
Chipmaker TSMC raises capex by up to US$5bil
TAIPEI: Apple Inc supplier TSMC raised its 2019 capital spending plan by up to US$5bil yesterday and forecast a nearly 10% rise in fourth-quarter revenue on strong demand for faster mobile chips and new high-end smartphones.
America is losing the Chinese shopper
China was once eager to spend on US brands. Then citizens of the world’s biggest country shifted their allegiances.
Quick take: MISC top gainer on Bursa, up 31 sen
KUALA LUMPUR: Shares in MISC Bhd jumped over 3.8% in early trade Friday, as investors reacted positively to its newly secured RM3bil contracts.
MISC signs time charter parties with Exxon Mobil
PETALING JAYA: MISC Bhd, through its vessel-owning units Polaris LNG One Pte Ltd and Polaris LNG Two Pte Ltd, has signed two time charter parties (TCPs) with Exxon Mobil Corp’s wholly owned subsidiary, SeaRiver Maritime LLC.
MISC signs RM3bil charter parties with Exxon Mobil
KUALA LUMPUR: MISC Bhd's vessel-owning units have signed two time charter parties (TCP) worth a total contract value of about US$711mil (RM2.98bil) with Exxon Mobil Corp's SeaRiver Maritime LLC for the charter of two newbuild liquefied natural gas carriers.KUALA LUMPUR: MISC Bhd's vessel-owning units have signed two time charter parties (TCP) with Exxon Mobil Corp's SeaRiver Maritime LLC for the time charter of two newbuild liquefied natural gas carriers.
China joins Asian shares in cautious advance ahead of trade talks
TOKYO: Asian shares inched up on Tuesday, with Chinese shares making modest gains after a week-long holiday, though investors remained cautious over U.S.-China trade talks after President Donald Trump said a quick trade deal was unlikely.