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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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Key Corporate Updates from Malaysia

 

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:

  1. Bursa Malaysia Bhd (KL):

    • Financial Performance: Reported its highest quarterly net profit in three years at RM80.45 million (9.9 sen per share) for 2QFY2024, up 5.5% year-on-year.
    • Revenue: Rose 38.27% to RM199.94 million.
    • Operations: Only the "front office" will move to the Tun Razak Exchange (TRX), while the bulk of operations remain at the current headquarters.

  2. Pensonic Holdings Bhd (KL):

    • Financial Performance: Posted its biggest quarterly net loss since listing, at RM14.28 million for 4QFY2024, mainly due to inventory write-downs.
    • Revenue: Increased by 8.33% to RM85.14 million.
    • Dividend: No dividend declared for the quarter.

  3. Tasco Bhd (KL):

    • Financial Performance: Net profit halved to RM7 million (0.88 sen per share) for 1QFY2025, primarily due to a one-time expense of RM3.6 million.
    • Revenue: Decreased slightly by 1.29% to RM249.93 million.
    • Dividend: No dividend declared during the quarter.

  4. Unisem (M) Bhd (KL):

    • Financial Performance: Net profit fell 29% to RM16.76 million (1.04 sen per share) for 2QFY2024, due to changes in product mix and higher operating costs.
    • Revenue: Increased 4% to RM394.59 million.
    • Dividend: Declared a second interim dividend of two sen per share, to be paid on Oct 4.

  5. Dufu Technology Corp Bhd (KL):

    • Financial Performance: Net profit more than doubled to RM8.42 million (1.6 sen per share) for 2QFY2024.
    • Revenue: Increased by 36.4% to nearly RM65 million.
    • Dividend: Declared a single-tier interim dividend of 1.5 sen per share, to be paid on Sept 20.

  6. ITMAX System Bhd (KL):

    • Contract: Its 65% subsidiary, Southmax Sdn Bhd, appointed as the operator of a smart parking system by the Kulai Municipal Council in Johor, effective Aug 1, 2024, for 15 years.

  7. Advancecon Holdings Bhd (KL):

    • Contract: Accepted a RM38.25 million contract from Sime Darby Property (Bukit Raja) Sdn Bhd for construction and earthworks in Klang, running from Aug 14, 2024, to Feb 13, 2026.

  8. AwanBiru Technology Bhd (KL):

    • Partnership: Teaming up with the National Cyber Security Agency (Nacsa) to develop new cybersecurity technologies. The MOU, expiring on July 29, 2026, may be extended for another year.

  9. TCS Group Holdings Bhd (KL):

    • Contract: Secured a RM130.15 million contract for the construction of 630-unit serviced apartments, known as Arcadia Residences, in Kuala Langat, Selangor. The contract was awarded by Saujana Permai Development Sdn Bhd, a wholly owned subsidiary of CDB Group Holdings Sdn Bhd.

  10. Enra Group Bhd (KL):

    • Asset Sale: Plans to sell its Ratu Enra ship for an indicative US$15 million (RM70.06 million), capitalizing on rising market value due to high demand in the industry. Shareholders’ approval will be sought for the disposal.
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