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KUALA LUMPUR: Crude palm oil (CPO) futures prices on Malaysia Derivatives Exchange continued its downtrend for the third consecutive day yesterday on the back of increasing supplies.
Johor Sultan: State govt to hold roadshow to explain provisions in Housing & Property Board 2014 enactment. Full interview in NST tomorrow
CIMB Research has maintained “hold” call on Malaysia Airport Holdings Bhd (MAHB), with a target price of RM7.73.
AMRESEARCH said a commercial solution is still needed to resolve the saga with Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash), the last to agree to the takeover of water assets by the Selangor government.
KUALA LUMPUR: Industrial output expanded 4.2 per cent compared to a year ago on the back of improving external demand for manufactured products.
JAKARTA: PT Bumi Resources has avoided a default by paying an overdue coupon on its US$300 million (RM960 million) November 2016 bonds, according to a filing to the Indonesian stock exchange.
PARIS: Europe’s Airbus lost a major order yesterday when Dubai’s Emirates airline cancelled its entire purchase of 70 Airbus A350 jets, dealing an unexpected blow to the planemaker and engine maker Rolls-Royce.
THE World Bank on Tuesday trimmed its global growth forecast, saying a confluence of events, from the Ukraine crisis to unusually cold weather in the United States, dampened economic expansion in the first half of the year.
MADRID: Spanish police said Tuesday they found five snakes, two lizards and thousands of insects alive and hidden inside two suitcases that arrived on the holiday island of Gran Canaria on a flight from Madrid.
LONG-TERM Evolution (LTE) is the focus of telecommunication players now and to capture more subcribers, Celcom Axiata Bhd has allocated a whopping RM400 million of its annual capital expenditure of RM920 million for LTE service expansion.
KUALA LUMPUR: Affin Bank Bhd is targeting to sign up 10,000 new cardholders this year after launching the Affinbank World MasterCard here, yesterday.
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.