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India warns palm oil buyers against Malaysian imports

MUMBAI: Indian palm oil importers have effectively stopped all purchases from Malaysia after the government privately warned them to shun the product from the country following a diplomatic spat, industry and government sources said.

Pentamaster eyes new business to offset smartphone segment

GEORGE TOWN: Semiconductor automated test equipment maker Pentamaster Corp Bhd is diversifying into the production of automated production systems used in the electric vehicle (EV) and logistics industries to offset the declining contribution from the smartphone segment.

The Global Forex Market

The dollar appreciated 0.63% to 97.45 largely driven by resilient economic data which includes December’s The Institute of Supply Management (ISM) non-manufacturing purchasing managers’ index (PMI) coming in better than expected, accelerating to a four-month high of 55.0 from 53.9 in November (cons: 54.5) supported by higher production and inventories, and rising optimism over a potential trade resolution.