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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.
SYDNEY: The world's biggest miner, BHP Group, reported on Tuesday a 39% jump in half-year profit, supported by an uptick in Chinese demand and high iron ore prices, even as concerns remain about disruptions from the coronavirus outbreak.
TOKYO: Japan's economy shrank at the fastest pace in six years in the December quarter as a sales tax hike and soft global demand hurt consumption and capital expenditure, keeping policymakers under pressure to prop up growth with additional stimulus.
KUCHING: Japan, which has drastically cut imports of Malaysian plywood in the past two years due to sluggish sales, has stepped up buy orders of hardwood plywood due to a strong demand for reconstruction works after the recent devastating Hagibis typhoon.
KUALA LUMPUR: India’s halt on Malaysian palm oil imports has disrupted global edible oil trade flows, with Indonesia diverting supplies to feed India, Malaysia rushing to tap markets left behind by Jakarta, and India substituting palm with other oils.
KUALA LUMPUR: FGV Holdings Bhd is venturing into the dairy farm business with the purchase of a majority stake in a fresh milk producer.
KUALA LUMPUR/MUMBAI (Reuters) - India's halt on Malaysian palm oil imports has disrupted global edible oil trade flows, with Indonesia diverting supplies to feed India, Malaysia rushing to tap markets left behind by Jakarta, and India substituting palm with other oils.
KUALA LUMPUR: The proposed economic stimulus is expected to contain specific relief packages for tourism-related industries such as aviation, hotel and leisure, travel as well as retail industries.
SINGAPORE: At least three Asian oil refiners will take delivery of less Saudi Arabian crude than planned in March as the virus dents demand for fuel and creates a glut of alternative supplies, according to people with knowledge of the companies’ imports.
PETALING JAYA: The Malaysian economy could take a turn for the worse, economists warned as some anticipate growth to drop below the 4%-mark in the fourth quarter (Q4)of 2019.