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5y

China’s indebted Evergrande faces demands for immediate loan paybacks

Fear of potential meltdown at firm increasingly weighs on investors, regulators following debt-fuelled expansion binge

5y

Tengku Zafrul to moot upping statutory debt limit to 65%

Finance minister adds now not the right time to bring back GST

5y

WTO rules for US in China solar tariff dispute

Global body rejects all of Beijing’s claims on trade rule breaches

5y

US-based Lam Research’s investment a booster shot for Penang amid pandemic

Foray into E&E sector gives state hope to strengthen position in global supply chain

5y

Ringgit opens higher against greenback, Bursa rebounds from losses

Local note rises to 4.1490/1510 versus US dollar from yesterday’s close of 4.1570/1600

5y

Now not the time for Malaysia to lower corporate tax rate: Tengku Zafrul

It represents big chunk of federal govt’s revenue at 32.8%, says finance minister

5y

Boeing 737 MAX gets nod to return to Malaysian airspace

This is stated in CAAM Safety Directive 01/2021 dated today

5y

China orders ride-hailing giants Didi, Meituan to stop ‘disorderly expansion’

Industry suffers from poor behaviour, including recruiting unqualified drivers, says Transport Ministry

5y

US regulator sues crypto lending firm over US$2 bil fraud

Investors’ funds siphoned off, transferred into e-wallets controlled by BitConnect and its top execs, charges SEC

5y

US judge approves deal dissolving Purdue Pharma in opioid saga

Sackler families behind firm largely shielded from further penalties, but will pay US$4.5 bil to settle slew of suits

5y

DoJ readies fresh antitrust suit against Google over online ad dominance

Litigation against internet titan may be filed by year-end

5y

Taliban on charm offensive with Afghan banks amid funding fears

Militant group now in power working to find solutions for liquidity, rising inflation, says acting DAB governor

5y

Bursa rebounds after yesterday’s losses

Meanwhile, ringgit swells against US dollar