Business

Wong: ‘There’s a substantial amount of foreign holdings on MGS.’

Analysts: Greece fallout unlikely to affect Malaysia, concern about ringgit

PETALING JAYA: The fallout from Greece’s possible exit from the European Union following its debt crisis is unlikely to have a contagion effect on the Malaysian economy for now. But the concern is more on Fitch’s credit rating of Malaysia that could impact the ringgit, which is seeing minimal effects from the Greece problem.

Project 3B plant ops date delayed due to transfer from 1MDB to TNB

PETALING JAYA: The earliest date of commercial operation for the 2x1,000 MW coal-fired power plant in Jimah, coded Project 3B, in Negri Sembilan, has been postponed to June 2019 from the original October 2018.

Yinson focuses on O&G

PETALING JAYA: The founding shareholders of Yinson Holding Bhd have made an offer to buy the company’s logistics and trading businesses for RM228mil, allowing Yinson to focus on its oil and gas (O&G) venture. Group executive chairman, Lim Han Weng said proceeds from the exercise would be used to fund its expansion in the O&G industry.

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Dutch confident MH17 prosecution will succeed

ROTTERDAM: The Dutch prosecutor leading the investigation into the downing of Malaysia Airlines flight MH17 over Ukraine last year said on Tuesday he was confident of concluding his investigation successfully but was not yet ready to issue arrest warrants.

1 July 2015 | 7:21AM |

Airlines

How much does Greece owes to international creditors?

BRUSSELS: Greece, which is set to default on an International Monetary Fund debt repayment due on Tuesday, owes official lenders 242.8 billion euros ($172.03 billion pounds), according to a Reuters calculation based on official data.

1 July 2015 | 7:10AM |

Economy

Unexpected move: Pensioners queue outside a closed bank in Athens. Greece will keep banks shut at least until after July 5, the date of the referendum, and withdrawals from automated teller machines – which were shut yesterday – will be limited to 60 euros a day when they reopen today. — AFP

Greece reels in shock as banks shut

ATHENS: Greeks woke up to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories yesterday as a breakdown in talks between Athens and its creditors pushed the austerity-battered country to the brink.

30 June 2015 | 12:00AM |

Greece

Sunway Construction dangles dividend payout

KUALA LUMPUR: Sunway Construction Group Bhd is hoping to lure investors to its initial public offering (IPO) with the promise of bigger job wins and a steady dividend payout.

30 June 2015 | 12:00AM |

Stocks

Dutch confident MH17 prosecution will succeed

ROTTERDAM: The Dutch prosecutor leading the investigation into the downing of Malaysia Airlines flight MH17 over Ukraine last year said on Tuesday he was confident of concluding his investigation successfully but was not yet ready to issue arrest warrants.

1 July 2015 | 7:21AM |

Airlines

How much does Greece owes to international creditors?

BRUSSELS: Greece, which is set to default on an International Monetary Fund debt repayment due on Tuesday, owes official lenders 242.8 billion euros ($172.03 billion pounds), according to a Reuters calculation based on official data.

1 July 2015 | 7:10AM |

Economy

FTSE falls to 5-1/2 month low, supermarkets sink

LONDON: The FTSE hit its lowest level since mid-January on Tuesday, pulled down by miners and supermarkets and underperforming even euro zone shares despite Greece being hours away from a repayment default.

1 July 2015 | 7:07AM |

Stocks

Greece becomes first advanced economy in arrears to IMF

WASHINGTON: The International Monetary Fund on Tuesday confirmed Greece had not made its 1.5 billion euro (US$1.7 billion) loan repayment to the Fund, making it the first advanced economy to ever be in arrears to the Fund.

1 July 2015 | 6:40AM |

Economy

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