The steep trade tariffs President Donald Trump imposed last year brought an additional US$9 billion into the government's coffers from October to December but the deficit was still 42 per cent higher than the prior year, the US Treasury reported Wednesday.

AUSGROUP announced the retirement of Stuart Kenny as non-executive board chairman and the relinquishment of Eng Chiaw Koon as managing director.

The US$73.29 million proposed investment that the beleaguered EMAS Offshore is looking forward to has been called off.

After over 20 years at the helm of Frasers Hospitality, Choe Peng Sum, 58, will retire on Friday as chief executive.

Source: The Business Times