Future fair: (From left) Tan, Gandhi and Goi show the future plan for a bigger-scale MIFF in 2018 during the MIFF 2016 pre-show press conference in Kuala Lumpur. Malaysia will stand to benefit from the Trans-Pacific Partnership Agreement (TPPA), as there would be fewer barriers for the export of Malaysian-made furniture to the United States, said United Business Media (M) Sdn Bhd (UBM) managing director M Gandhi. “The good thing about the TPPA is that it is not in conflict with the other free trade agreements (FTAs). “It is an addition to what we already have. “One of the biggest buyers of Malaysian furniture is the US, and it is part of the TPPA. “In fact, most furniture exports are to countries that are a part of the TPPA “Besides that, one of our competitors is China, and China is not part of the TPPA. So, Malaysia will be more competitive in exporting to the TPPA countries,” added Gandhi. The upcoming Malaysian International Furniture Fair (MIFF) 2016, which is t...
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| Bumi Armada is contesting the termination of its contract with Woodside Energy Julimar. |
Hibiscus Petroleum asserted that a co-shareholder in Lime Petroleum Plc, Singapore-listed Rex International Holding Ltd, has continued making only "bare, unsupported assertions and claims" regarding alleged discrepancies on Hibiscus' part when disclosing information on Lime Petroleum Plc.
Genetec plans to consolidate 10 existing shares into one share to reduce fluctuation in its share price.
MCIL’s unit has proposed to sell its 73.01% or 292.97 million shares in One Media Group Ltd to Qingdao West Coast Holdings (International) Ltd. Qingdao West Coast’s major shareholder is a Chinese state-owned enterprise.
Bumi Armada announced Woodside Energy Julimar Pty Ltd has sought to terminate its the contract over the charter of the Armada Claire Floating Production Storage and Offloading unit. Bumi Armada says that the notice of termination is not valid and is a repudiation of the contract.
Last Friday, US markets climbed following higher oil prices and favourable jobs data. European stocks gained after the rally in mining counters, better-than-expected US employment data and rebound in oil prices.
At Bursa, the FBM KLCI gained 4.29 points to end at 1,692.49.
“Following the optimism in the US, the FBM KLCI is expected to test the psychological level of 1,700,” it said.
source: thestar
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