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NEW YORK: Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boeing, along with bleak economic data from China, soured investor risk appetite and offset generally positive corporate earnings.
Sime Darby carves its niche following the conglomerate’s break-up two years ago, according to CEO Datuk Jeffri Salim Davidson.
Recently, StarBizWeek met up with Sime Darby Bhd CEO Datuk Jeffri Salim Davidson (pic) at Sime Darby’s new headquarters in Ara Damansara. Nearly two years after its mega three-way demerger, Sime Darby is now a totally different company.
A WEEK before the tabling of Budget 2020, this column highlighted that the budget will likely be a non-event as far as the market is concerned for the simple reason that the government’s finances are tight and it cannot simply afford the many wishes of the wide range of stakeholders.
KUALA LUMPUR: Blue chips were holding steady in early Friday trade, despite slight slight declines in MAHB and Tenaga Nasional, as investors sought for directions from the firmer key Asian markets and support from institutional players.
KUALA LUMPUR: The recent tabling of Budget 2020 was not enough to revive confidence in the stock market against the lingering pessimism that could spill over into FY20, says Kenanga research.
The roughly $50 billion in agriculture products touted by President Trump is far beyond what China has historically spent each year
KUALA LUMPUR: Fitch Solutions Macro Research expects Malaysia’s medical devices industry, including gloves, to benefit from the increasingly acrimonious trade war between the US and China.
PETALING JAYA: RAM Ratings has adopted a more conservative outlook for the Malaysian economy and expects GDP to expand by 4.5% in 2020, which is lower than the government’s forecast of 4.8%.
TAIPEI: Apple Inc supplier TSMC raised its 2019 capital spending plan by up to US$5bil yesterday and forecast a nearly 10% rise in fourth-quarter revenue on strong demand for faster mobile chips and new high-end smartphones.