Business

Francis Lau on chicken and eggs

For Leong Hup and Teo Seng, it doesn’t matter whether the chicken or egg came first

Mueller has turned around Sabena and Aer Lingus.

Mueller gets busy

New CEO going around MAS ‘asking the right questions’

Enough electricity supply

Govt has plans in place to prevent energy crisis should power projects be delayed

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Icon Offshore was formed as a result of the merger between Tanjung Offshore’s OSV business and Omni Petromaritime Sdn Bhd.

Icon explores M&A amid depressed asset prices

ALTHOUGH Icon Offshore Bhd’s share price has fallen by more than 50% since its initial public offering (IPO) last year, the company is on the lookout for acquisition targets by taking advantage of depressed asset prices, sources say.

7 March 2015 | 12:00AM |

Icon Offshore Bhd

Brahim’s shares suspended

KUALA LUMPUR: Trading in the shares of in-flight caterer Brahim’s Holdings Bhd has been suspended with effect from 10.12am on Friday.

6 March 2015 | 11:36AM |

Corporate News

Mokhzani and Yeow to keep stakes in SapuraKencana

PETALING JAYA: Tan Sri Mokhzani Mahathir and close associate Yeow Kheng Chew, better known as KC, have no plans to sell their combined stake of 9.12% in oil and gas (O&G) giant SapuraKencana Petroleum Bhd (SapKen) following their resignations from the board of the company. “We have no plans to sell,” Mokhzani told StarBiz.

6 March 2015 | 12:00AM |

Oil & Gas

Heeding the headwinds

ON hindsight, it is easy to say that one should have seen the oil price slide coming.

7 March 2015 | 12:00AM |

telco

Double dipping

THERE seems no end to scandals involving charities, especially those that espouse the highest standards of integrity.

7 March 2015 | 12:00AM |

governance matters

Icon Offshore was formed as a result of the merger between Tanjung Offshore’s OSV business and Omni Petromaritime Sdn Bhd.

Icon explores M&A amid depressed asset prices

ALTHOUGH Icon Offshore Bhd’s share price has fallen by more than 50% since its initial public offering (IPO) last year, the company is on the lookout for acquisition targets by taking advantage of depressed asset prices, sources say.

7 March 2015 | 12:00AM |

Icon Offshore Bhd

TNB confident of RM3.25 offer price, says CEO

PETALING JAYA: Tenaga Nasional Bhd (TNB) president and chief executive officer Datuk Seri Azman Mohd, whose contract has been extended from July 1 to June 30, 2018, said TNB is confident of privatising Integrax Bhd at an offer of RM3.25 per share.

7 March 2015 | 12:00AM |

TNB

Life insurance GST-free, says Liam

KUALA LUMPUR: Life insurance is exempted from the goods and services tax (GST) which comes into effect on April 1, says Life Insurance Association of Malaysia (Liam).

7 March 2015 | 12:00AM |

GST

Mudajaya unit buys 46% in PT Harmoni

KUALA LUMPUR: Mudajaya Group Bhd’s wholly-owned unit Mudajaya Power International Sdn Bhd has acquired a 46% stake in PT Harmoni Energy Indonesia.

7 March 2015 | 12:00AM |

mudajaya

International reserves at RM386bil

KUALA LUMPUR: Bank Negara’s international reserves amounted to RM386bil (US$110.5bil) as at Feb 27. The central bank said the reserves position was sufficient to finance 7.9 months of retained imports and was 1.1 times the short-term external debt.

7 March 2015 | 12:00AM |

reserves

MARC suspends rating on Jimah’s sukuk

PETALING JAYA: Malaysian Rating Corp Bhd (MARC) has suspended its AA-IS rating on Jimah East Power Sdn Bhd’s sukuk murabahah programme of up to RM8.4bil.

7 March 2015 | 12:00AM |

MARC

Sunway unit submits IPO application

KUALA LUMPUR: Sunway Construction Group Bhd (SCG), a wholly-owned subsidiary of Sunway Bhd, has submitted an application to be listed on the main market of Bursa Securities, Sunway said in a filing with Bursa Malaysia.

7 March 2015 | 12:00AM |

sunway

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