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Malaysian exports soared in July

KUALA LUMPUR — Malaysia’s export growth in July exceeded expectations, rising 30.9% from a year earlier, government data showed on Wednesday, on higher shipments of manufactured products and mining goods. The pace of expansion beat the 23.1% rise forecast by a Reuters poll and tripled the 10% growth posted in June. Shipments of manufactured goods, […]

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Malaysia: Higher tax rate damper for Supermax

PETALING JAYA: CIMB Equities Research has cut Supermax Corp’s financial year (FY) 2018-2019 (forecast) estimates by 10.8% to 14.3% to account for a higher tax rate and higher operating expenses, especially in the contact lens segment. The research firm said its “hold” call remains but its target price was lowered to RM1.74, still based on […]

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Malaysia: July producer price index up 7.1%

KUALA LUMPUR: Malaysia’s producer price index (PPI) for July 2017 rose 7.1% to 106.0 versus a year earlier. In a statement on Wednesday, the statistics department said the mining index recorded the highest increase of 24%, followed by agriculture, forestry and fishing (7.8%), manufacturing (5.9%), electricity and gas supply (1.7%) and water supply (0.4%). On […]

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Malaysia’s Sime Darby Q4 profit slides on weak industrial, logistics segments

[KUALA LUMPUR] Malaysia’s Sime Darby, the world’s largest oil palm planter by land size, announced on Friday its fourth-quarter net profit more than halved on weak performances at its industrial, logistics and property segments. The conglomerate, whose interests include plantations, properties and motors, recorded a net profit of 571 million ringgit (S$181.902 million) for the […]

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