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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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Great Eastern's 1H Profit Attributable to Shareholders Up 34%

 

Great Eastern Holdings has reported a 34% year-on-year increase in profit attributable to shareholders, reaching S$587.1 million (RM2.02 billion) for the first half ended June 30, 2024 (1HFY2024). This growth was driven by higher profits from the insurance business and favorable investment performance of the shareholders’ fund.

Key Drivers

  • Insurance Business: The company's life business contributed significantly with higher contract service margins and risk adjustment releases.
  • Investment Performance: A favorable investment environment positively impacted the performance of the shareholders' fund, contributing to the overall profit growth.

Detailed Financial Performance

  • Life Business: The increased contract service margin and risk adjustment release indicate improved operational efficiency and effective risk management within the life insurance segment.

Great Eastern Holdings' robust performance in the first half of 2024 underscores its strategic focus on enhancing profitability through core insurance operations and prudent investment management.

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