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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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Ekovest Disposes of More Land in KL in Related Party Transaction

Infrastructure and construction group Ekovest Bhd (KL) announced the disposal of four parcels of land along Jalan Pahang in Kuala Lumpur, measuring a total of 2,286 square meters.

Key Takeaways:

  • Transaction Details: The land is being sold to Airman Sdn Bhd, a wholly-owned subsidiary of Lim Seong Hai Holdings Sdn Bhd (LSHHSB), for RM9.82 million. This is considered a related party transaction as Ekovest's non-independent and non-executive director, Tan Sri Lim Keng Cheng, is a major shareholder and director of LSHHSB with a 25% stake. Other shareholders of Airman, each with a 25% stake, are Datuk Lim Keng Guan, Lim Pak Lian, and Lim Keng Hun.

  • Financial Impact: Ekovest expects to gain RM3.51 million from the disposal, with proceeds to be used for general working capital purposes.

  • Previous Transactions: On February 22, Ekovest divested 13 parcels of land totaling 12,400 square meters in the same area to LSHHSB for RM66.8 million.

  • Location Details: The land is situated on the left side of Jalan Pahang when traveling from Kuala Lumpur city center and Bulatan Pahang towards Gombak and Setapak localities.

  • Development Plans: Ekovest initially intended to integrate these land parcels into a mixed development project named EkoQuay. However, the development order expired in February 2021.

  • Market Response: Ekovest shares fell by two sen or 4.3% to 44.5 sen on Monday, giving the group a market valuation of RM1.32 billion.

Ekovest's continued land disposals reflect strategic adjustments in its development plans, leveraging assets to bolster working capital while navigating expired project approvals.

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