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Duty exemption doubles in 3yrs

The amount of import duty exemption extended to the industrial sector has doubled in three years, prompting calls for impact assessment of the tax break.

MTB

Exxon reduces gasoline output at Baytown Texas refinery after fire

Exxon Mobil Corp cut back gasoline production at its 560,500 barrel per day (bpd) Baytown, Texas, refinery after a hydrotreater fire on Saturday, said sources familiar with plant operations.

Bank of Spain sees no risk of recession

The governor of the Bank of Spain Pablo Hernandez de Cos said there is currently no risk of recession in Europe or Spain, though he warned that political instability could hold back necessary reform in Spain.

Apple Watch detects irregular heart beat in large US study

The Apple Watch was able to detect irregular heart pulse rates that could signal the need for further monitoring for a serious heart rhythm problem, according to data from a large study funded by Apple Inc, demonstrating a potential future role for wearable consumer technology in healthcare.

Malaysia threatens WTO challenge to EU's move to drop palm biofuel

Malaysia on Saturday threatened to bring a World Trade Organisation (WTO) challenge if the European Union goes ahead with recommendations to phase out palm oil from transport fuel used in the bloc.

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