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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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Ecofirst’s 4Q Profit Soars Over 140% on Strong Sales from KL-48 Project

Ecofirst Consolidated Bhd (KL) reported a remarkable increase in net profit for the fourth quarter, more than doubling from the same period last year, thanks to a robust sales conversion rate for its KL-48 project in Chan Sow Lin, Kuala Lumpur.

Key Takeaways:

  • Stellar 4Q Performance: Net profit for the three months ended May 31, 2024 (4QFY2024), surged to RM41.51 million, up from RM17 million a year ago. Revenue jumped nearly fivefold to RM87.86 million from RM17.84 million.

  • KL-48 Project Success: The KL-48 project achieved a sales conversion rate of over 80%, with site work progress at over 22% as of May 31, 2024. The project, valued at approximately RM1 billion, is strategically located and offers attractive pricing and features.

  • Future Prospects: Ecofirst is focused on boosting KL-48 property sales and scouting for development-ready land to enhance future performance. The company is also exploring joint ventures and rejuvenating abandoned projects.

  • Annual Performance: For the full financial year, Ecofirst’s net profit declined by 12% to RM12.64 million, mainly due to a provision for the writedown of an asset worth RM15.18 million amid unfavorable market conditions and higher administrative expenses. However, revenue soared by 427% to RM165.79 million, driven by contributions from the KL-48 project.

Ecofirst’s strategic focus on the KL-48 project and exploration of new opportunities position it well for future growth, despite some challenges in the broader market.

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