Business

KUALA LUMPUR, Dec 26 (NNN-BERNAMA) – Imported cold rolled coils of iron or non-alloy steel with a width of more than 1300mm from China, Japan, South Korea and Vietnam will now be subjected to anti-dumping duties following the conclusion of an investigation by the government on claims by local industry that the products were being dumped in Malaysia.

SINGAPORE, Dec 26 (NNN-CNA) – Singapore Economic Development Board announced today (Thursday) that the country’s manufacturing output declined 9.3 percent year on year in Nov, compared to a revised 3.6 percent increase in Oct.

Excluding biomedical manufacturing, the output decreased nine percent year on year in Nov, compared to a revised 0.3 percent decrease in the previous month.

Meanwhile, on a seasonally adjusted month-on-month basis, Singapore’s manufacturing output decreased 9.4 percent in Nov. Excluding biomedical manufacturing, the output fell 8.4 percent.

New Delhi, Dec 25 (PTI) Global hospitality firm Hyatt Hotels Corporation is looking to open 11 new hotels across India by the end of 2020 as part of its expansion plans in the country, a senior company official has said.

The Chicago-headquartered firm currently has 32 hotels across 20 destinations under its eight brands in India. The eight brands under the Hyatt portfolio in India are -- Hyatt, Hyatt Centric, Hyatt Regency, Hyatt Place, Park Hyatt, Grand Hyatt, Alila and Andaz.

Guwahati, Dec 25 (PTI) Christmas celebrations were a low-key affair in Assam amid ongoing protests against the contentious Citizenship Amendment Act.

Despite the somber mood, midnight prayers for peace and happiness were organised across the state on Tuesday night.

Priests in various churches said that the situation and mood in the state did not enliven the spirit to celebrate the occasion with mirth and gaiety.

KUALA LUMPUR, Dec 25 (NNN-BERNAMA) – The Malaysian economy is expected to experience a better growth in Feb to Apr, 2020.

The Malaysian Statistics Department, said that, the leading index, which predicts the economic direction, showed a better performance in Oct, expanded 1.4 percent from Sept.

The main contributors to the increase were real imports of other basic precious and other non-ferrous metal, real imports of semi-conductors.

BEIRUT, Dec 25 (NNN-NNA) – Newly appointed Lebanese Prime Minister, Hassan Diab, said, he will form a government, capable of dealing with economic, financial and social woes in Lebanon, local media said.

“When we form a government that gains the confidence vote of Parliament, we will turn to the implementation of projects that are in the interest of the Lebanese people, on the economic, financial and social levels,” Diab was quoted as saying.

ADDIS ABABA, Dec 25 (NNN-ENA) – The International Monetary Fund (IMF), expressed its support to Ethiopia’s ongoing economic reform initiative, that aimed to eliminate macroeconomic imbalances and lay the foundation for sustainable and inclusive growth.

The IMF, which approved a 2.9 billion U.S. dollar funding to Ethiopia late last week, said, the support is aimed at supporting the Ethiopian government’s Homegrown Economic Reform Programme.

BERLIN, Dec 25 (NNN-AGENCIES) – President of the German federal parliament, Wolfgang Schaeuble, urged Germans to cut back on their consumption for climate protection.

In an interview with German newspaper, Neue Osnabruecker Zeitung, Schaeuble said, “Climate protection is not for free,” and warned against promoting recent climate reforms to citizens as a “social benefit.”

Last week, Germany’s upper house of parliament finally approved a package of climate laws, seeking to reduce greenhouse gas emissions by 55 percent by 2030, compared to 1990 levels.

MUSCAT, Dec 25 (NNN-ONA) – Oman’s minister of foreign affairs, Yusuf bin Alawi, and his Iranian counterpart, Mohammad Javad Zarif, held talks in Muscat to discuss economic cooperation.

According to an official Omani foreign ministry statement, the talks reviewed bilateral relations and means to push them forward, as well as, regional and international issues of mutual interest.

Zarif arrived with an official delegation in Oman on Monday evening.

JERUSALEM, Dec 25 (NNN-MA’AN) – Israel Competition Authority, announced that, it had fined Coca-Cola Israel, 39 million new shekels (about 11 million U.S. dollars) for its abusing of monopoly position.

The authority mentioned six infringing actions by the company, which manufactures and markets U.S. beverage giant Coca-Cola’s products in Israel, and is headquartered in the central city of Bnei Brak.