Sun08022015

LAST_UPDATESat, 01 Aug 2015 8pm

Japan's Amari: TPP Member Nations Clash Over Intellectual Property Issue

Japanese Economy Minister Akira Amari. Pic: www.japantimes.co.jpLAHAINA, HAWAII: Japanese Economy Minister Akira Amari said on Friday each nation's interests clashed over an intellectual property issue and they could not reach a Pacific Rim trade deal.

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Pacific Rim Free Trade Talks Fall Short Of Deal

Japanese Economy Minister Akira Amari (L) and US Trade Rep. Michael Fromam participate in a press conference in Lahaina, Maui, Hawaii July 31, 2015. REUTERS/MARCO GARCIALAHAINA, HAWAII: Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs.

Read more: Pacific Rim Free Trade Talks Fall Short Of Deal

Pacific Rim Free Trade Talks Fail To End In Deal

 Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs.

Read more: Pacific Rim Free Trade Talks Fail To End In Deal

Ringgit Likely To Remain At Current Level Next Week

 The ringgit is expected to remain steady at the current level of 3.81 level against the US dollar next week due to lack of market moving factors.

Read more: Ringgit Likely To Remain At Current Level Next Week

ASEAN Retail Franchise Local Chapters To Be Fully Set-up By Year-end

KUALA LUMPUR -- The formation of the ASEAN Retail-Chains and Franchise Federation (ARFF) chapters for the whole of ASEAN are expected to be completed by year-end in line with the ASEAN Economic Community 2015.

Read more: ASEAN Retail Franchise Local Chapters To Be Fully Set-up By Year-end

China Regulator Seeks Trading Records From Chinese, Foreign Brokerages

BEIJING: China is asking foreign and Chinese-owned brokerages in Hong Kong and Singapore to hand over stock trading records, sources with direct knowledge of the requests told Reuters, extending its pursuit of investors shorting Chinese stocks to overseas jurisdictions.

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Uber To Spend US$1b On India Expansion

The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014. — Reuters picMUMBAI: Controversial app-based taxi-hailing firm Uber plans to invest US$1 billion (RM3.81 billion) in India over the next nine months, the company's local head said in a statement emailed to AFP today.

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Timber Sector Boosted By Current Weakening Ringgit

KUCHING: The ringgit falling to its 17-year low earlier this week was a boon for Sarawak’s timber players as timber products are mostly exported and priced in the US dollar.

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Public Bank Q2 Net Profit Up 13% On Higher Income

PETALING JAYA: Public Bank Bhd's net profit for the second quarter ended June 30, 2015 rose 13.3% to RM1.2 billion from RM1.06 billion a year ago, mainly due to higher net interest income, higher net fee and commission income and higher investment income.

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TNB’s Q3 Profit Tumbles

PETALING JAYA: Tenaga Nasional Bhd's (TNB) net profit for the third quarter ended May 31, 2015 slumped 51.48% to RM789.4 million compared with RM1.63 billion in the previous corresponding period, mainly due to recognition of the imbalance cost-pass through (ICPT) over-recovery of RM1.82 billion.

Read more: TNB’s Q3 Profit Tumbles