KUALA LUMPUR: Malaysia’s market is estimated to had grown 3. Official advance figures released on Friday ( Apr 19 ) showed that growth in the services sector contributed to a 9.5 % increase in the first quarter of 2024 from a year earlier. The Statistics Department’s preliminary estimates contrasted withContinue Reading
The Mate 60 Pro’s release in August led to a rise in Huawei’s device income. According to studies strong Opposition, in the first six months of 2024, Huawei saw product sales fall by 64 per cent year-on-year. However, Apple’s phone sales in China fell 24 per share during the sameContinue Reading
Taiwanese semiconductor monopoly TSMC announced on Thursday ( Apr 18 ) a nearly 9 % increase in net profits for the first quarter of 2024, helped by the demand for its microchips, which power everything from mobile devices to AI technology. More than half of the country’s silicon chips, knownContinue Reading
BEIJING: Ratings agency Fitch said on Wednesday ( Apr 10 ) it had downgraded China’s sovereign credit outlook to negative, citing increased risks to the country’s public finances, in a move Beijing swiftly called “regrettable”. Chinese authorities have struggled for months to start up economic growth as a result ofContinue Reading
China’s export-focused government would benefit from reducing excess industrial capacity, which is putting strain on other countries, according to US Treasury Secretary Janet Yellen’s statement on Friday ( April 5 ) on the subject. During a attend to China, Yellen stated in notes to an American Chamber of Commerce thatContinue Reading
India’s market for companies expanded at a record pace in March despite robust demand, according to a private enterprise survey that also showed that work increased at the fastest rate in seven times and trade organization expanded at a record rate. The last HSBC India Services Purchasing Managers ‘ Index,Continue Reading
BEIJING: After chipmakers from TSMC to UMC halted some businesses and relocated people, analysts predict that Taiwan’s biggest disaster since 1999 will probably cause some disruption to Asia’s silicon supply chain. Nine people were killed and 800 were hurt in Taiwan’s eastern coast on Wednesday morning, near Hualien County, inContinue Reading
Xiaomi’s SU7 – short for Speed Ultra 7 – enters a crowded China EV market with an attention-grabbing price tag – under US$30,000 for the base model, cheaper than Tesla’s Model 3 in China. While the world’s largest auto market is challenging for newcomers due to a cut-throat EV priceContinue Reading
Trading in debt-ridden Chinese property developer Country Garden was suspended in Hong Kong on Tuesday (Apr 2), days after it postponed the release of its 2023 results. The firm is among a number of China’s largest developers battered by a crisis in the country’s property sector and struggling under aContinue Reading
BEIJING: China Southern Airlines on Monday (Apr 1) launched its first flight between Beijing and Macau and said it plans to add 17 international routes, in a sign it expects a pick-up in international travel this year. The airline said at an event in Beijing the routes would be launchedContinue Reading