Business

A file picture shows the Lekir Bulk Terminal in operation.

Amin takes legal action against Perak Corp

PETALING JAYA: Amin Halim Rasip, who is battling Tenaga Nasional Bhd’s (TNB) attempt to take over Integrax Bhd, says he has commenced legal action against Perak Corp Bhd and its directors who had earlier rejected his offer to purchase the company’s Integrax shares.

Some funds are believed to be just taking a risk-off mode to MyEG as the Government may review the company’s online monopoly.

Issues over workers permit system bogs down MyEG

PETALING JAYA: Renewed concerns following continued complaints pursuant to the implementation of the Government’s online services platform for the issuance of foreign worker’s permit caused MyEG Services Bhd’s shares to fall by 10 sen and close at RM2.82.

The signing of gas sale agreement and reinstatement as a syariah stock are some key positives for SapuraKencana this financial year.

Mixed views on SapKen results

Firm in for more challenging times with low oil price scenario

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Oil prices surge after Saudi air strikes in Yemen

SINGAPORE/TOKYO: Brent crude oil shot up nearly 6 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, although importers saw little immediate threat to supplies.

26 March 2015 | 3:55PM |

Oil & Gas

CIMB says appointed to advise on sale of 1MDB's power assets

KUALA LUMPUR: CIMB Group Holdings Bhd , Malaysia's second-largest bank by assets, said on Thursday it has been appointed by the country's finance ministry to act as adviser for the potential sale of power firm Edra Global Energy Bhd, owned by indebted state fund 1MDB, to strategic investors.

26 March 2015 | 5:21PM |

Corporate News

Hamad Kama Piah absent from PNB event

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) president and group chief executive Tan Sri Hamad Kama Piah Che Othman’s absence was silently felt, especially by the media fraternity, at one of the major annual events of the country’s premier investment institution Tuesday.

25 March 2015 | 12:00AM |

Perbadanan Nasional Bhd

Panasonic ready for $8.4 bln M&A spree as profit jumps

TOKYO: Japanese electronics supplier Panasonic Corp said it was ready to spend 1 trillion yen ($8.4 billion) on acquisitions over the next four years, emboldened by a stronger profit outlook for its automotive and housing technology businesses.

26 March 2015 | 7:22PM |

Corporate News

Small cap oil and gas stocks in focus as oil climbs

KUALA LUMPUR: Small capitalised oil and gas stocks were in focus after crude oil prices staged a recovery but the broader market was cautious after the overnight tumble on Wall Street and the FBM KLCI snapped its recent rally.

26 March 2015 | 9:47AM |

Markets

Joint Interview Tan Sri Tan Kean Soon (Tanjung offshore)--Sri Ayutthaya Thai Restaurant, 3 Jalan Setiapuspa, Medan Damansara, KL

Suits withdrawn by parties

PETALING JAYA: Oil and gas services provider Tanjung Offshore Bhd has withdrawn its civil suit against director Tan Sri Tan Kean Soon (pic) and five others, while Kean Soon has dropped a suit against several directors and officials of the company.

26 March 2015 | 12:00AM |

Business News

Demand for healthcare seen to remain robust

PETALING JAYA: Healthcare demand will remain robust on the back of an ageing nation, increasing health awareness and improving economic well-being, but margins may come under pressure because of the goods and services tax (GST), said analysts.

25 March 2015 | 12:00AM |

IHH

Sentoria has received good response to its Bukit Gambang Resort City, which is one of the biggest safari parks in the country.

Busy years ahead for Sentoria

KUANTAN: Theme park operator-cum-property developer Sentoria Group Bhd is set to see busy years ahead with its Borneo Samariang Resort City and Sentoria Morib Resort City projects, which are expected to be launched during its 2015 financial year.

27 March 2015 | 12:00AM |

sentoria

Naza proposes to finance up to 90% of LRT 3

PETALING JAYA: The Naza Group, which is jointly bidding for the role of project delivery partner (PDP) for the development of the RM9bil light rail transit line three (LRT 3) with China-based CSR Zhuzhou Electric Locomotive Co Ltd, has proposed to finance up to 90% of the project.

27 March 2015 | 12:00AM |

Naza

Gamuda profit rises 7%

PETALING JAYA: Gamuda Bhd recorded a 7% increase in net profit to RM182.18mil and a 26% growth in revenue to RM653.24mil for its second quarter ended Jan 31, 2015, boosted by strong contribution from the Klang Valley Mass Rapid Transit (KVMRT) project and the Gamuda City development in Vietnam.

27 March 2015 | 12:00AM |

Gamuda

KWAP to focus on local market

KUALA LUMPUR: The Retirement Fund Incorporated (KWAP) which has a fund size value of RM112bil, aims to expand its investments in the domestic equity, property and fixed income markets.

27 March 2015 | 12:00AM |

KWAP

Eco World Investment to launch UK projects

KUALA LUMPUR: Eco World Investment Co Ltd (EWI), a private vehicle controlled by Tan Sri Liew Kee Sin, is gearing up to launch half of its property projects in the UK by the end of this year.

27 March 2015 | 12:00AM |

Eco WOrld

MRT Line 2 tender exercise to start in Q3

KUALA LUMPUR: Pre-qualification exercises to shortlist prospective tenderers for the elevated works, stations and underground works for the RM23bil Sungai Buloh-Serdang-Putrajaya MRT line (MRT Line 2) are expected to start by the third quarter of this year, said Gamuda Bhd.

26 March 2015 | 8:10PM |

Corporate News

Panasonic ready for $8.4 bln M&A spree as profit jumps

TOKYO: Japanese electronics supplier Panasonic Corp said it was ready to spend 1 trillion yen ($8.4 billion) on acquisitions over the next four years, emboldened by a stronger profit outlook for its automotive and housing technology businesses.

26 March 2015 | 7:22PM |

Corporate News

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