KUALA LUMPUR: Lotte Chemical Titan Holding Berhad (LCT) remains cautious due to uncertainties arising from oil price volatility, petrochemical glut, economic slowdown from inflation, and rising geopolitical tensions.
Korea s leading conglomerates have entered belt-tightening mode by reducing operation costs and selling unprofitable businesses, as the economy does not show any clear and immediate sign of a rebound, according to industry officials, Wednesday.
A growing number of Korean petrochemical companies are halting investments and considering selling their unprofitable facilities to cope with the lingering industry downturn resulting mainly from the oversupply of Chinese .
By Ying Xian Wong Lotte Chemical Titan Holding shares fell Tuesday morning after the company reported another quarterly loss. Shares in the Malaysia-listed.
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