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Construction of MRT reaches 61.9%

KUALA LUMPUR: The construction of the Mass Rapid Transit (MRT) project has reached 61.9%, said MRT Corp Sdn Bhd chief executive officer, Datuk Seri Shahril Mokhtar.

21 April 2015 | 2:46PM |

Corporate News

Crude oil rebound sustainable

KUALA LUMPUR: US Light sweet crude oil futures rebounded strongly from the recent low of US$42.03 on March 18 to a high of US$57.42 on April 16 before turning rangebound on consolidation.

21 April 2015 | 1:56PM |

Oil & Gas

Bumi Armada rebounds, near late November high

KUALA LUMPUR: Bumi Armada Bhd’s share price rose to a high of RM1.28 on Tuesday, which was near the late November high of RM1.36 before it skidded in line with the collapse in crude oil prices.

21 April 2015 | 3:26PM |

Oil & Gas

Saudi oil production in April near record high

SEOUL: Oil Minister Ali al-Naimi says Saudi Arabia is producing near record levels of crude in April, underscoring the kingdom’s willingness to defend market share at a time when oil markets have staged a fragile recovery.

21 April 2015 | 12:00AM |

Business News

China launches 3 new free trade zones

BEIJING: China officially launched another three free trade zones (FTZs) on Tuesday after the establishment of the country's first FTZ, the Shanghai FTZ, in September 2013.

21 April 2015 | 3:57PM |

Business

Bumi Armada rebounds, near late November high

KUALA LUMPUR: Bumi Armada Bhd’s share price rose to a high of RM1.28 on Tuesday, which was near the late November high of RM1.36 before it skidded in line with the collapse in crude oil prices.

21 April 2015 | 3:26PM |

Oil & Gas

Construction of MRT reaches 61.9%

KUALA LUMPUR: The construction of the Mass Rapid Transit (MRT) project has reached 61.9%, said MRT Corp Sdn Bhd chief executive officer, Datuk Seri Shahril Mokhtar.

21 April 2015 | 2:46PM |

Corporate News

Crude oil rebound sustainable

KUALA LUMPUR: US Light sweet crude oil futures rebounded strongly from the recent low of US$42.03 on March 18 to a high of US$57.42 on April 16 before turning rangebound on consolidation.

21 April 2015 | 1:56PM |

Oil & Gas

China overhauling IPO process, mulls foreign firms listing

SHANGHAI: China will switch to a "registration system" for initial public offerings (IPO), ending the current approval process, the official China Securities Journal reported on Tuesday, a day after parliament began reviewing draft changes to the Securities Law.

21 April 2015 | 12:41PM |

Corporate News

Sime Darby's growing palm oil business, asset disposals to support A3 rating

SINGAPORE: Moody's Investors Service says that Sime Darby Bhd's (A3 stable) debt leverage — which falls outside the parameters of its A3 rating — will improve over the next 12 months, as cash generated from its palm oil business increases, and as it lowers its capital expenditure levels and sells its stake in its automotive and Indonesian palm oil segments by the end of the 2016 fiscal year on June 30, 2016.

21 April 2015 | 11:50AM |

Corporate News

RAM Ratings: RHB restructuring proactive

KUALA LUMPUR: RAM Ratings views RHB Capital Berhad’s recently announced proposed corporate restructuring as a proactive move in light of the impending changes in Bank Negara Malaysia’s (BNM) regulations.

21 April 2015 | 11:15AM |

Analyst Reports

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