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High Drama and Big Impact: Trump’s Bold Tariff Plans and What to Expect

Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
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Bursa Malaysia Reports 5.5% Increase in 2Q Net Profit, Declares 18 Sen Per Share Dividend

Bursa Malaysia Bhd (KL), the stock exchange operator, reported a 5.5% rise in net profit for the second quarter, driven by increased income from the securities market.

For the quarter ended June 30, 2024 (2QFY2024), Bursa Malaysia recorded a net profit of RM80.45 million, up from RM76.25 million in the same period last year. The company’s revenue for the quarter saw a significant 28% year-on-year increase, reaching RM199.94 million compared to RM144.6 million.

“The exchange is optimistic” about achieving its financial targets for the year ending 2024 (FY2024), the company stated in an exchange filing.

Bursa Malaysia declared an interim dividend of 18 sen per share, an increase from 15 sen per share in 2QFY2023.

Key Takeaways:

  • Net profit for 2QFY2024 rose 5.5% to RM80.45 million.
  • Revenue increased by 28% year-on-year to RM199.94 million.
  • Bursa Malaysia is confident in meeting its FY2024 financial targets.
  • Interim dividend declared at 18 sen per share, up from 15 sen per share in 2QFY2023.
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