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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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George Kent Appoints Leong as Director for Strategic New Ventures

George Kent (Malaysia) Bhd (KL) has announced the appointment of Datuk Thomas Leong Yew Hong as its director of strategy and investments, effective August 1. Leong’s role will focus on steering the group into new areas beyond its traditional industries, such as renewable energy and data centre solutions.

Key Takeaways:

  • Strategic Appointment: Datuk Thomas Leong Yew Hong will work closely with Executive Chairman Tan Sri Datuk Tan Kay Hock on long-term strategies, business development, and investments, including mergers and acquisitions.

  • New Ventures: Leong’s focus will include exploring opportunities in renewable energy, high technology, artificial intelligence, and data centre solutions, positioning George Kent to diversify into "businesses of the future."

  • Complementary Businesses: In addition to new ventures, Leong will also explore opportunities in complementary sectors such as water infrastructure and rail transportation, which the group has not yet fully explored.

  • Industry Experience: George Kent has a strong brand and over 80 years of experience in water infrastructure, metering, and rail transportation. Leong’s appointment is expected to leverage this track record to drive new growth areas.

  • Rail Transportation Achievements: The company has been a major player in Malaysia’s urban rail expansions, contributing to projects like the Ampang LRT line extension, MRT2, and LRT3.

  • Market Performance: As of Tuesday, George Kent’s shares last traded at 46.5 sen, with a market capitalisation of approximately RM261 million.

Leong’s appointment marks a strategic move for George Kent as it aims to diversify and explore new, high-potential industries, leveraging its established expertise and strong market presence.

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