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A worker operates a forklift to move a pallet of boxes at Ruichang City Yixiang Agricultural Products factory in Ruichang. — Reuters pic

Their parents made China the world’s factory. Can the kids save the family business?

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DHL Express to lead sustainable logistics in Indonesia with 24 additional electric vans

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NEXIF RATCH Energy achieves financial close and commences construction of its Calabanga solar power project in the Philippines, expected to be completed by 2Q 2024.

At 9am, the local note fell to 4.6160/6205 against the greenback from 4.6130/6165 at the close last Friday. — Picture by Shafwan Zaidon

Ringgit opens lower vs US dollar

At 9.07am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 7.67 points to 1,380.94 from 1,388.61 at last Friday’s close. ― Bernama pic

Bursa Malaysia opens lower on cautious trade

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FOMO Pay Implements Moody’s Analytics End-to-End KYC/AML Risk Monitoring Solutions for its Secure Digital Payment and Digital Banking Services

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GLP C-REIT makes history with $260 million follow-on offering on Shanghai Stock Exchange

In Asia, Japan’s Nikkei fell 0.5 per cent, having clinched a fresh three-decade top on Friday, buoyed by the Bank of Japan’s (BOJ) decision to leave its ultra-easy policy setting unchanged, which has sent the yen to a seven-month low against the US dollar. — Reuters pic

Asian stocks off to a slow start, eyeing China stimulus, Powell testimonies

Financial professionals are among the highest-paid workers in communist China and their wealth and flashy lifestyles have often come under criticism from the public on social media as the economy slows, drawing Beijing’s ire as well. — Reuters pic

China bankers told to shun flashy clothes, 5-star hotels in austerity drive

Healthcare investment firm SVB Securities announced yesterday that its management team would buy out the company from parent Silicon Valley Bank.― Reuters file pic

Silicon Valley Bank subsidiary sold to management team

The Indian government said today that its net direct tax receipts rose 11 per cent year-on-year to 3.80 trillion Indian rupees (RM213 billion) from April 1-June 17. — AFP pic

India govt’s direct tax collections rise 11pc in April-June

Intel Corp will spend US$25 billion (RM115 billion) on a new factory in Israel, Prime Minister Benjamin Netanyahu said today. — Reuters pic

Intel to invest US$25b in Israel factory in record deal, Netanyahu says

Perak Women, Family, Social Welfare, Cooperatives and Entrepreneur Development Committee chairman Salbiah Mohamed (right) greets attendees while officiating at the Bizfrancais@Perak 2023 programme in Ipoh June 18, 2023. — Bernama pic

Perak encouraging more entrepreneurs to venture into franchise business, says state exco

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Patrick Tiong appointed honorary life patron of Labuan Chamber of Commerce

Kuwait’s oil production capacity is above 2.8 million barrels per day (bpd) now, and will reach 3 million in 2025. — Reuters pic

Kuwait’s oil production capacity to reach 3 million bpd in 2025, says official

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Pernas empowers state entrepreneurs through Perak BizFrancais Programme 2023, says chairman