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KUALA LUMPUR: UMW Oil & Gas Corporation Bhd’s subsidiary, UMW Offshore Drilling Sdn Bhd, has been awarded a US$51.3 million (RM162.62 million) contract by PTTEP International Ltd for the provision of drilling rig services in Myanmar, The company said the deal is for Block M3 Appraisal Drilling Campaign 2014, located within the Gulf of Mottama, Union of Myanmar. “The provision of the drilling rig services is expected to contribute positively to the earnings and net assets of the group for the financial years ending December 31 2014 and December 31 2015,” it said.
THE Straits Times Index (STI) ended 7.88 points, or 0.24 per cent, lower to 3,275.46 yesterday.
RAPID urbanisations and human migrations into cities are happening worldwide. Cities are becoming mega cities with population in tens of millions. Human mobility pollutes the environment and some of these cities’ air qualities are becoming unbearable.
TELEKOM Malaysia Bhd (TM) is positive on the country’s first Islamic-on-Demand channel called AlHijrah-on-Demand and believes it will become a hit with its subscribers during the Ramadan month, thus boosting its IPTV service HyppTV.
CHINA’S quest to turn its yuan into a full-fledged global currency has hit a road-block as the planned rollout of a worldwide payment superhighway looks certain to get delayed because of policy snags and technology challenges.
TOKYO: The Bank of Japan (BoJ) may trim its economic growth forecast for the current year next week, sources familiar with its thinking said, reflecting soft exports and a bigger-than-expected slump in household spending after a sales tax hike in April.
KOTA BARU: Azizul Raheem Awalludin, the Tourism Malaysia official in Sweden, who was jailed in that country for beating his children, has been released from prison today.
KUALA LUMPUR: The German ambassador to Malaysia Holger Michael today condemned a remark praising Adolf Hitler by Sabah lawmaker Datuk Bung Mohktar Radin as “unacceptable.”
KUALA LUMPUR: A bigger allocation is expected for the Indian community in the 2015 Budget which will be tabled in October.
BALIK PULAU: Snatch thefts in Penang have risen by an alarming 32 per cent in the first six months this year compared to the same period last year.
JAKARTA: Both sides claimed victory Wednesday in Indonesia’s tightest and most divisive presidential election since the end of authoritarian rule, as unofficial tallies showed Jakarta governor Joko Widodo leading ex-general Prabowo Subianto.
MALACCA: A married couple was among six people detained to facilitate investigations into a rape case where the alleged victim was left in a locked premises in Taman Seri Krubong yesterday.
SHAH ALAM: RM23.6 million has been distributed to almost 33,000 poor families by Selangor Zakat so far since the first day of Ramadan.
IPOH: The Sultan Azlan Shah Airport (LTSAS) here, which has been riddled with allegations of sinkholes, has been certified safe for use.