Business

MRCB, George Kent picked to be PDP for RM9b LRT3

KUALA LUMPUR: Prasarana Malaysia Bhd has picked Malaysian Resources Corporation Bhd and George Kent (M) Bhd as the project delivery partner (PDP) for the light rail transit three, which is estimated to cost RM9bil.

Deal sealed: Shahril (left) and Abdul Farid exchanging documents after the signing ceremony.

SapKen refinances debt

KUALA LUMPUR: SapuraKencana Petroleum Bhd (SapKen) will issue debt papers next week, starting with a US$200mil (RM845.8mil) Islamic medium-term note (MTN) programme, as part of a move to refinance a US$2.3bil facility that comes due next February.

Securities Commission chairman Datuk Ranjit Ajit Singh (fifth from left) at the release of the SCs 2014 annual report on March 5, 2014

Fund-raising activities to slow down this year

KUALA LUMPUR: The Securities Commission (SC) expects fund raising activities in the bonds and stock market to slow down to RM75bil in 2015, down from an average of RM90bil a year seen the past few years.

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Shamsul on governance

Former Petronas CEO gives his views on why the national oil company must stick to the spirit of the Petroleum Development Act.

5 September 2015 | 12:00AM |

Oil & Gas

AirAsia on track with turnaround plans

KUALA LUMPUR: AirAsia group is on track with its turnaround plans and fund raising exercise for both Indonesia and Philippines units, according to Public Invest Research.

4 September 2015 | 8:38AM |

Airlines

Chinese bank eyes stake in AMMB?

A CHINESE financial institution is eyeing a stake in AMMB Holdings Bhd, whose major shareholders are said to be open to divesting their stakes.

5 September 2015 | 12:00AM |

Banking

‘To bring about change, you must not want the job’

IN January, Tan Sri Shamsul Azhar Abbas, the-then president and chief executive officer (CEO) of Petroliam Nasional Bhd (Petronas), received a picture of his son in school from his wife. He broke down, realising how much he had missed the child growing up.

5 September 2015 | 12:00AM |

Oil & Gas

Oil and gas veteran's take on oil prices

IF what former Petroliam Nasional Bhd (Petronas) president and chief executive officer Tan Sri Shamsul Azhar Abbas says is true, then the oil and gas (O&G) industry has to go through a perilous three or even four years of low price environment before it sees the heady days of hitting dizzy heights of US$100 or more per barrel.

5 September 2015 | 12:00AM |

Oil & Gas

Azmi: ‘The PDP will start work immediately, for approval works and to confirm the technical design characteristics.’

MRCB and George Kent chosen for the RM9bil LRT3 project

PRASARANA Malaysia Bhd has appointed Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd as the project delivery partner (PDP) for the light rail transit three (LRT3), which is estimated to cost RM9bil.

5 September 2015 | 12:00AM |

LRT3

No more excuses for MAB not to deliver

IT was a massive cut that not many had expected, as eventually, Malaysia Airlines (MAS) would have laid off more than half of its workforce despite it having been done in stages.

4 September 2015 | 12:00AM |

Airlines

FGV biodiesel plant in Kuantan, Pahang.

Weak ringgit may delay deal

THE due dilligence report on Indonesia-based PT Eagle High Plantations Tbk by Felda Global Ventures Holdings Bhd (FGV) may appear to be in full swing and nearing completion.

5 September 2015 | 12:00AM |

Plantations

Bursa Securities queries Caring Pharmacy

KUALA LUMPUR: Caring Pharmacy’s recent rise in share price has caught the attention of Bursa Malaysia Securities which queried the pharmacy company on Friday.

4 September 2015 | 11:11AM |

Markets

Oil and gas veteran's take on oil prices

IF what former Petroliam Nasional Bhd (Petronas) president and chief executive officer Tan Sri Shamsul Azhar Abbas says is true, then the oil and gas (O&G) industry has to go through a perilous three or even four years of low price environment before it sees the heady days of hitting dizzy heights of US$100 or more per barrel.

5 September 2015 | 12:00AM |

Oil & Gas

‘To bring about change, you must not want the job’

IN January, Tan Sri Shamsul Azhar Abbas, the-then president and chief executive officer (CEO) of Petroliam Nasional Bhd (Petronas), received a picture of his son in school from his wife. He broke down, realising how much he had missed the child growing up.

5 September 2015 | 12:00AM |

Oil & Gas

Shamsul on governance

Former Petronas CEO gives his views on why the national oil company must stick to the spirit of the Petroleum Development Act.

5 September 2015 | 12:00AM |

Oil & Gas

Chinese bank eyes stake in AMMB?

A CHINESE financial institution is eyeing a stake in AMMB Holdings Bhd, whose major shareholders are said to be open to divesting their stakes.

5 September 2015 | 12:00AM |

Banking

News in brief

The Trans-Pacific Partnership (TPP) negotiations are ongoing and there are a few niggles to be ironed out before everything is primed for a vote in Parliament whether to accept or reject the trade agreement.

5 September 2015 | 12:00AM |

Corporate News

Azmi: ‘The PDP will start work immediately, for approval works and to confirm the technical design characteristics.’

MRCB and George Kent chosen for the RM9bil LRT3 project

PRASARANA Malaysia Bhd has appointed Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd as the project delivery partner (PDP) for the light rail transit three (LRT3), which is estimated to cost RM9bil.

5 September 2015 | 12:00AM |

LRT3

Fortunes of Key ASIC hinge on two chips

Changes appear to be taking place in semiconductor design company, Key ASIC Bhd. For this company, which has been floundering in losses over the last four financial years, next year may appear to be its turnaround year based on two main developments.

5 September 2015 | 12:00AM |

Technology

CIDB CEO Datuk Seri Ir. Judin Abdul Karim speaks at the media night with Works Minister in Kuala Lumpur on December 1, 2014.ROHAIZAT MD DARUS/STAR.

CIDB plans to make 3D modeling mandatory

KUALA LUMPUR: The Construction Industry Development Board (CIDB) is thinking of making it mandatory for builders to submit three-dimensional (3D) models of buildings before construction work started.

5 September 2015 | 12:00AM |

Construction

FGV biodiesel plant in Kuantan, Pahang.

Weak ringgit may delay deal

THE due dilligence report on Indonesia-based PT Eagle High Plantations Tbk by Felda Global Ventures Holdings Bhd (FGV) may appear to be in full swing and nearing completion.

5 September 2015 | 12:00AM |

Plantations

SLP plans RM25mil facility in Kulim

ARMED with some RM23mil of cash, SLP Resources Bhd, a plastics packaging company, plans to establish a new RM25mil manufacturing facility adjacent to its present plant in Kulim.

5 September 2015 | 12:00AM |

Corporate News

Capturing growth for IHH

AS the leader of Asia’s largest healthcare group and the world’s second largest to boot, IHH Healthcare Bhd’s Dr Tan See Leng is no stranger to the wider industry in the region.

5 September 2015 | 12:00AM |

Life & Style

China's Black Monday in numbers

For the longest time, the world took its cue from Wall Street, hence the saying that when America sneezes, the world will catch a cold.

5 September 2015 | 12:00AM |

china

New landmark: (from left) Beulah International executive director Adelene Teh; Fajarbaru-Beulah executive director Jiaheng Chan; Mcleish; Scott; Lee; Fajarbaru Builder Group executive director Ooi Leng Chooi; Fajarbaru-Beulah director Eric Kuan; Fajarbaru Properties general manager Yau Tuck Wai and Sammartino at the ceremony. — Bernama

M’sian, Aussie firms urged to start JV projects

MELBOURNE: Malaysian and Australian companies have been urged to start joint-venture projects to generate economic and social benefits for both countries, said Deputy Minister for International Trade and Industry, Datuk Lee Chee Leong.

5 September 2015 | 12:00AM |

Earnings

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