BEIJING (Aug 17): Perhaps nowhere outside America’s heartland is Donald Trump given more credit than in Beijing.
In government offices and think tanks, universities and state-run newsrooms, there is an urgent debate underway about what many here see as the hidden motive for Washington’s escalating trade war against President Xi Jinping’s government: A grand strategy, devised and led by Trump, to thwart China’s rise as a global power.
KUALA LUMPUR (Aug 17): Pharmaniaga Bhd saw its net profit fall 43.3% to RM5.39 million in the second quarter ended June 30, 2018 (2QFY18) from RM9.52 million a year ago, on higher corporate tax as a result of increased profitability of certain subsidiaries.
As a result, earnings per share came in lower at 2.08 sen for 2QFY18 compared with 3.67 sen for 2QFY17.
It is worth noting that the group's pre-tax profit actually grew to RM11.97 million in 2QFY18 versus RM10.15 million a year ago.
As automakers ramp up efforts to produce more electric and hybrid vehicles, this has increased the demand for battery production. However, analysts fear some companies could struggle with this demand, specifically German car companies.
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