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Business 17 Jul 2019 | 12:48 AM Premium

Affin Hwang sees challenging prospects for Bonia

KUALA LUMPUR: Affin Hwang Capital research maintained its sell recommendation on Bonia Corp Bhd amid challenging prospects but revised its target price higher to 28 sen from 25 sen previously.

Business 10 Jun 2019 | 3:31 AM Premium

China exports unexpectedly return to growth in May; imports shrink

BEIJING: China's exports unexpectedly returned to growth in May despite higher U.S. tariffs, but imports fell in a further sign of weak domestic demand that could prompt Beijing to step up stimulus measures.

Business 22 Apr 2019 | 12:00 AM Premium

Tax cuts in China poised to boost private businesses

SHU Wenbin is one of the millions of private business entrepreneurs in China set to benefit from large-scale tax cuts that take effect this month.

Economy 31 Mar 2019 | 11:30 AM Premium

China launches two-month probe into abuses of new tax rules

BEIJING: China's tax authority has launched a two-month investigation into tax-related third-party service providers to ensure companies do not incur additional costs as Beijing presses for tax reforms and fee cuts.

Markets 15 Mar 2019 | 7:45 AM Premium

China stocks climb on premier's growth support pledge

HONG KONG: The Chinese stock market closed higher on Friday after Premier Li Keqiang vowed strong measures to boost slowing economic growth.

Economy 15 Mar 2019 | 4:21 AM Premium

Premier says China can use reserve requirements, interest rates to support economy

BEIJING: China can use reserve requirements and interest rates to support economic growth, Premier Li Keqiang said on Friday, promising efforts to prevent a sharper deceleration as the world's second-biggest economy expands at its slowest pace in almost three decades.

Economy 07 Mar 2019 | 6:54 AM Premium

China says higher 2019 budget deficit will spur growth, won't open floodgates

BEIJING: China's decision to increase its budget deficit ratio to 2.8 percent this year from 2.6 percent in 2018 is appropriate for the economy, and leaves room for policymakers to manoeuvre, Finance Minister Liu Kun said on Thursday.

Economy 05 Mar 2019 | 8:17 AM Premium

China to slash taxes, boost lending to prop up slowing economy

BEIJING: China sought to shore up its slowing economy through billions of dollars in planned tax cuts and infrastructure spending, with economic growth at its weakest in almost 30 years due to weaker domestic demand and a trade war with the United States.

Economy 04 Mar 2019 | 10:51 AM Premium

China plans US$90b cut in VAT for manufacturers

BEIJING: China is planning to cut the value-added tax rate that covers the manufacturing sector by 3 percentage points as part of measures to support the slowing economy, a person familiar with the matter said.

Business 11 Feb 2019 | 12:00 AM Premium

Lagarde: Oil exporters have not fully recovered from price shock

DUBAI: Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said, and she cautioned against spending money on ”white elephant projects”.