Latest news with #UHY
New Straits Times
7 days ago
- Business
- New Straits Times
UHY to replace Grant Thornton as Cape EMS' external auditor
KUALA LUMPUR: Cape EMS Bhd has named UHY Malaysia PLT as its new external auditor, replacing its former auditor Grant Thornton Malaysia PLT which recently resigned. In a filing with Bursa Malaysia, the company said UHY has the necessary expertise, experience, and capabilities to serve as its auditor and has been selected as the proposed external auditor, pending the completion of the formal appointment process. "Further announcement will be made by the company once the appointment of UHY as the external auditors is finalised by the board," it said. Grant Thornton resigned as Cape EMS' external auditor on May 29 due to resource constraints. Cape EMS' share price fell 6.38 per cent, dropping 1.5 sen to close at 22 sen from the previous closing price of 23.5 sen, with 37.5 million shares changing hands and a market capitalisation of RM213.69 million.
The Hill
27-03-2025
- Automotive
- The Hill
Trump auto tariffs spur alarm
The president argued that tariffs would encourage foreign car producers to move production into the United States and boost American jobs, but backlash from trading partners and a hit to the U.S. economy loom as major risks. Americans are bracing for higher prices of cars, and consumer sentiment is sagging, while allies like the European Union are weighing their response to the latest aggressive tariff. Trump's new tariffs could even raise the costs of U.S.-made autos, given how many auto parts are sourced from across the world. Tom Alongi, national manufacturing practice leader at accounting firm UHY, noted in a commentary to The Hill the exemptions outlined by the Trump administration as well as the U.S. content designation, saying they could lead to confusion. 'The new tariffs create confusion and logistical nightmares for those not positioned to absorb additional cost or ramp up local production,' he said. 'Automakers and suppliers will have to be flexible and agile to meet changing requirements.'
