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KABUL: Five American troops with a special operations unit were killed by a U.S. airstrike called in to help them after they were ambushed by the Taliban in southern Afghanistan, in one of the deadliest friendly fire incidents in nearly 14 years of war, officials said Tuesday.
GEORGE TOWN: Eastern and Oriental Bhd (E&O), which this week received an endorsement from the Penang government for Phase 2 of its Seri Tanjung Pinang (STP2) project, will commence Phase 1 of its reclamation works soon.
KUALA LUMPUR: Genting Plantations Bhd has set up a wholly-owned subsidiary, Genting Biodiesel Sdn Bhd, to manufacture multi-feedstock biodiesel and pharmaceutical glycerine. In a statement to Bursa Malaysia, the company said the paid-up capital of Genting Biodiesel is RM2.
KUALA LUMPUR: Scomi Energy Services Bhd, via its 30 per cent-owned joint venture Ophir Production Sdn Bhd, has signed a seven-year Small Field Risk Service Contract with Petroliam Nasional Bhd . Ophir will implement the approved Field Development Plan with development activities, which include the drilling of wells, the installation of a production platform and export and storage of oil via a floating storage facility. In a filing to Bursa Malaysia, the company said the development phase is estimated to cost US$135 million (RM432 million) and the first oil is expected to be produced in 18 months.
KUALA LUMPUR: Econpile Holdings Bhd plans to utilise RM14.58 million from the proceeds raised from its initial public offering (IPO) to acquire machinery and equipment for piling and foundation services. The company, en route for listing on the Main Market of Bursa Malaysia by the end of the month, is expected to raise RM48.6 million. Its executive director, Raymond Pang, said RM18.16 million will be used for working capital while RM12.15 million and RM3.71 million will be used for repayment of bank borrowings and defraying listing expenses, respectively. Econpile is pricing its IPO at an issue price of 54 sen per share. Econpile’s order book currently stands at RM450 million.
NEW DELHI: India’s new Prime Minister Narendra Modi today urged lawmakers to stop fighting over rape and work together to protect women, in his first comments on the issue since the horrific gang-rape and lynching of two girls.
BANGKOK: Thailand’s military junta is giving away movie tickets this weekend to promote “love and harmony“, a spokesman for the junta said today, in its latest effort to win over hearts and minds following last month’s coup.
TAIPEI: A Taiwanese man was arrested today for threatening public order after allegedly setting up multiple Facebook fan pages dedicated to a man who carried out a deadly subway train stabbing spree.
BURSA Malaysia ended marginally high-er yesterday on continued buying support on the back of the country’s better indus-trial production data released earlier yesterday.
HONG KONG: Asian markets were mixed yesterday, with Japan’s Nikkei bouncing back from the previous day’s losses while the euro weakened further against the yen and the dollar.
DHAKA: The Bangladesh coastguard today rescued a stricken boat in the Bay of Bengal packed with 300 nationals who were trying to flee to Malaysia, an official said.
LONDON: European stock markets dropped yesterday after recent rallies, while the aviation sector took a knock as Emirates airline cancelled a major order of Airbus planes.
SHARES fell 0.25 per cent yesterday as profit-takers moved in after a healthy two-day rally.
KUALA LUMPUR: The Social Welfare Department is launching “Ops Qaseh” next month in an effort to address problems of the homeless people in the city.
THE Straits Times Index lost 3.78 points, or 0.11 per cent, to 3,290.04.