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CAMBODIA has taken a heavy hit from the economic crisis caused by the Covid-19 pandemic. Firms are staring at cancelled orders, causing job losses.
KUALA LUMPUR: The ringgit opened on a soft note against the stronger US dollar on Monday, taking a breather after last week's rally.
TOKYO: Japanese Foreign Minister Toshimitsu Motegi will visit Britain this week for what he said will be difficult talks with British Trade Minister Liz Truss, in the hope of finding middle ground and concluding a post-Brexit trade deal.
KUALA LUMPUR: The Malaysian-German Chamber of Commerce and Industry (MGCC) remains upbeat that bilateral trade between both countries will be back on track after the setbacks and disruptions caused by the Covid-19 pandemic earlier this year.
WASHINGTON: President Donald Trump on Tuesday ordered an end to Hong Kong's special status under U.S. law to punish China for what he called "oppressive actions" against the former British colony.
KUALA LUMPUR: Malaysia's massive palm oil industry has warned that the European Union's (EU) recent proposal to make its food industry more sustainable could eventually lead to stricter regulations for imports of the world's most-consumed vegetable oil.
TODAY, the world’s financial rhythm remains American. The US dollar assumed the role of the world’s dominant reserve, payment and settlement currency after WWII. The country’s position as the sole financial superpower gives it extraordinary influence over the destinies of nations
BEIJING: China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the height of the bilateral trade war, amid continued pressure on Beijing to boost imports from the United States.
The coronavirus (Covid-19) outbreak, which has been declared a pandemic, has resulted in considerable economic disruption and human suffering.
BEIJING: China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the United States.