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Wee wants govt to take action if report on TH is false

DATUK Seri Dr Wee Ka Siong has challenged the government to take legal action against a report claiming Lembaga Tabung Haji (TH) has disposed of its shares in Tenaga Nasional Berhad (TNB) if it is false.

How investors can position amidst China’s slowdown

CHINA’S economic growth has clearly slowed amidst escalating US-China trade tensions. The weakness in industry and business investment appears to be spilling over to consumption, as seen in the recent deceleration in retail sales.CHINA’S economic growth has clearly slowed amidst escalating US-China trade tensions. The weakness in industry and business investment appears to be spilling over to consumption, as seen in the recent deceleration in retail sales.

Global Forex Market

THE dollar appreciated by 0.36% to 97.631 following a confluence of factors such as the dovish ECB meeting; higher demand for safe-haven assets as optimism in the US-China trade talks was offset by another round of Brexit saga; and better-than-expected flash PMI data with the October Markit manufacturing PMI preliminary estimate rising to 51.5 points from 51.1 points in September and beating market expectation of 50.7.