My Sinchew/ Business

Profit taking likely to be extended next week

Share prices are expected to undergo further profit-taking next week with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) possibly retreating to the 1760 points support level.


EU firms lament job losses from possible punitive duties on Chinese solar products

A coalition of over 580 European solar companies on Friday protested in a dramatic way against looming anti-dumping duties against Chinese-made solar products.


Malaysia remains China's top Asean trade partner

Malaysia continues to be China's top trading partner in Asean, with bilateral trade between both countries hitting US$33.88 billion (RM102.21 billion) in the first quarter of this year, up 23.9 per cent year-on-year.


CPI rises 1.7 pct in April

The Consumer Price Index (CPI) for April rose 1.7 per cent to 106.3 from 104.5 in the same month last year.


MAEI sees 3-4% rise in E&E exports

The Malaysian American Electronics Industry (MAEI) expects a three to four per cent increase in total Electrical and Electronics (E&E) exports by its members to RM49 billion in 2013.


Falling commodity prices needed for China to continue with economic miracle

Global prices for commodities, such as iron ore, need to come down a little bit so that China can continue its economic miracle, according to Australian Minister for Resources and Energy Gary Gray.


Myanmar reforms 'bear fruit', growth to accelerate: IMF

Myanmar's economy expanded 6.5 percent last year and is set for further modest acceleration, the IMF estimated Wednesday, as sweeping reforms herald hopes of a renaissance for the impoverished nation.


M'sia's economy to pick up pace in second half of 2013, says Abdul Wahid

The Malaysian economy will pick up pace and grow further in the second half of this year following the moderate performance in the first quarter, says a leading banker.


Bird flu costs China industry $65 bn: state media

China's human H7N9 bird flu outbreak has cost the country's poultry industry more than 400 billion yuan ($65 billion) as consumers shun chicken, government officials said according to state media Monday.


Abdul Wahid to resign as Maybank chief June 4

Datuk Seri Abdul Wahid Omar, recently appointed as Minister in the Prime Minister's Department, will resign as President and Chief Executive Officer of Malayan Banking (Maybank) Bhd on June 4.