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Apple partners Pegatron to set up ops in Vietnam
TAIPEI: Taiwan’s Pegatron Corp plans to set up production facilities in Vietnam, according to people familiar with the matter, becoming the latest Apple Inc assembly partner to establish a presence in the South-East Asian nation as they diversify beyond China.
Samsung engineering maven to lead world’s top phone business
Seoul: Samsung Electronics Co has appointed Taemoon Roh the head of its smartphone division, tasking a veteran executive with oversight of the world’s largest mobile devices business.
Founder of S. Korea’s Lotte business dynasty dies at 97
SEOUL: Shin Kyuk-ho (pic), a wartime migrant to Japan who returned home to build a little-known chewing-gum maker into Lotte Group, South Korea’s biggest retailer, has died. He was 97.
Trading ideas: Sime Darby Plantation, Datasonic, MISC, Kossan, Notion Vtec
KUALA LUMPUR: Stocks to watch on Friday include Sime Darby Plantation Bhd (SDP), Datasonic Group Bhd, MISC Bhd, Kejuruteraan Asastera Bhd, Kossan Rubber Industries Bhd and Notion Vtec Bhd, according to JF Apex Research.
Chipmaker TSMC’s profit bigger than expected
TAIPEI: Taiwan Semiconductor Manufacturing Co (TSMC) projected quarterly revenue well above analysts’ estimates, underscoring hopes that the rollout of fifth-generation enabled smartphones in 2020 will galvanise growth for Apple Inc’s main chipmaker.
Vietnam’s trade surplus beats forecast
HANOI: Vietnam recorded a trade surplus of US$11.12bil last year, widening from a surplus of US$6.8bil in 2018, customs data showed, with smartphones, garments and electronic home appliances among the largest export earners.
Oil prices jump as Iran attacks reignite supply fears
SINGAPORE: Oil prices jumped back above US$70 a barrel after Iran attacked two US-Iraqi bases in its first response to the killing of its top general, before paring most of their gains as Tehran signaled the strike was over.
Samsung to draw line under lacklustre 2019 with chip revival
SEOUL: With Samsung Electronics expected to suffer its biggest annual profit drop in at least a decade, investors are counting on an expected uptick in the memory-chip market to cure the tech giant’s ills this year.
Memory, chip stocks rise as Samsung halts lines on power outage
TAIPEI: Memory and chip stocks in Taiwan and Hong Kong climb as Samsung halts some production lines after power outage.
Malaysian banks fare well amidst fintech trends, global challenges
KUALA LUMPUR: Malaysian banks have fared well in 2019 amidst financial technology (fintech) disruption that is reshaping the industry and external headwinds and uncertainties brought by, among others, Brexit and the trade spat between the United States and China.