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IPEF needs 'prosperity' in the deal to drum up support from Asia-Pacific countries

US Joe Biden’s first official trip to Asia in May proved to be more than just reinforcing economic alliances with Asian countries. His administration unveiled the centrepiece of the visit the Indo-Pacific Economic Framework (IPEF). The new economic pact has 14 initial members (the US, Japan, India, South Korea, Australia, Indonesia, Thailand, Singapore, Malaysia, the Philippines, Vietnam, New Zealand and Brunei), accounting for about 40% of the world’s gross domestic product. ....

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SilTerra lifts DNeX's net profit to RM43.84m in 2QFY22; 0.6 sen interim dividend declared

Dagang NeXchange Bhd reported a net profit of RM43.84 million for its second financial quarter ended Dec 31, 2021 as its semiconductor wafer foundry, SilTerra Malaysia Bhd, contributed higher revenue. ....

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