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KUALA LUMPUR: The National Automotive Policy (NAP) 2020, which was unveiled by the Prime Minister on Friday, targets the industry to contribute RM104.20bil to the country's Gross Domestic Product (GDP) by 2030.
SHANGHAI: Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung.
SHANGHAI/BANGKOK: Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung.
TOKYO: As Nissan Motor Co’s shareholders met yesterday to place new management on the board, the backdrop was grim. Sales and profitability are declining, a turnaround plan isn’t due for another three months and the stock is hovering near decade lows.
KUALA LUMPUR: A liberalisation of fire class insurance would not be overly detrimental to LPI Capital Bhd's portfolio as the review would not affect the non-housing policies in the group's business segment, says Kenanga research.
APPLE Inc said on Monday it would not meet its revenue guidance for the March quarter because of the coronavirus outbreak slowing iPhone production and weakening demand in China.
BEIJING: China’s vehicle sales likely fell by almost a fifth in January, marking a 19th consecutive month of decline, hurt by Lunar New Year holidays that started earlier than last year and by the coronavirus outbreak.
NISSAN Motor Co. cut its full-year profit outlook for the second time in as many quarters and scrapped its year-end dividend payout, renewing concern about the troubled automaker’s ability return cash to investors, especially top shareholder and partner Renault SA.
STOCKHOLM: Billionaire Li Shufu’s Geely Automobile Holdings Ltd surged in Hong Kong trading after the company announced plans to merge with Swedish affiliate Volvo Cars, a move that could pave the way for China’s first global carmaker.
TAIPEI/ BEIJING: As Chinese-based manufacturers begin to restart factories Monday, no one knows for sure when they’ll be back at full-speed -- or what sort of chaos may ensue.