CYBERJAYA: The Ministry of International Trade and Industry (MITI) will meet the Malaysian Automotive Association (MAA) next week to discuss key issues, including energy efficient vehicles (EEV) incentives, and car pricing approval.
The FBM KLCI rose 2.7 points or 0.16% to 1,685.67 at midday break today after a report by The Wall Street Journal that US Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports boosted global investors' risk appetite.
At 12:30pm today, the KLCI settled higher with Asian stocks after US share markets at Wall Street climbed overnight on Thursday.
A boardroom tussle has surfaced at loss-making Inix Technologies Holdings Bhd, which announced today that it will convene an extraordinary general meeting (EGM) on Feb 13 to remove three directors, and appoint three others as directors.
This follows a requisition received from Kenanga Nominees (Asing) Sdn Bhd, Cartaban Nominees (Asing) Sdn Bhd and Wai Ai Loo, who hold a total of 11.21% of the company's shares, on Jan 8.