Business

TNB unable to determine impact of lower energy prices yet

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) is unable to determine the impact of lower energy prices and the weaker ringgit on the company and will not be adjusting tariffs yet.

Ahmad Phesal (2nd from left) exchanging documents with Suhaimi. With them are (from left) DBKL deputy director general for project implementation Datuk Mohd Najib Mohammad, DBKL board of advisors Wilson Lau and DBKL deputy director general Datuk Normah Malik.

Tie-up on zero-emission vehicle charging stations

KUALA LUMPUR: KL Electric Mobility Sdn Bhd (KLEM), a wholly-owned subsidiary of US-based Masers Energy Inc, is investing RM1.5bil to set up 3,000 charging stations for zero-emission vehicles within Kuala Lumpur’s Golden Triangle over the next two years.

Malaysia’s economy will stay resilient next year

KUALA LUMPUR: Malaysia’s economy will still be healthy and resilient next year even though it is facing the problem of lower crude oil prices and a weaker currency, said Deputy Finance Minister I Datuk Ahmad Maslan.

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Depleted Indonesian oil field is window into China's corruption crackdown

LIMAU, Indonesia: In a muddy clearing in southern Sumatra, a portable diesel power plant hammers away alongside a wellhead, struggling to extract crude from a depleted reservoir that lies below farmland and rubber plantations. It was much easier to extract cash from a state-owned Chinese oil giant.

19 December 2014 | 8:15AM |

Oil & Gas

Due diligence on 1MDB plant still ongoing

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) is still conducting its due diligence to decide whether it will take up a stake in 1Malaysia Development Bhd’s (1MDB) Jimah East coal-fired power plant.

19 December 2014 | 12:00AM |

Stocks

Ahmad Maslan: 1MDB should engage more with the public

KUALA LUMPUR: The management of state investment fund 1Malaysia Development Bhd (1MDB) should increase public engagement to be more transparent and avoid any unclear accusations against the company, said Deputy Finance Minister I Datuk Ahmad Maslan.

19 December 2014 | 12:00AM |

Stocks

Chinese shopping 'agents' cash in on Russian currency slide

SHANGHAI: In Blagoveshchensk on Russia's side of the Chinese border, Mou Jiani has turned her home into a warehouse, stocking up on Apple Inc iPhones, handbags and milk powder to sell back home as Chinese shoppers take advantage of the rouble's slide.

19 December 2014 | 7:06AM |

Banking

KLCI up nearly 12 points, banks lift

KUALA LUMPUR: Gains in banks helped push the FBM KLCI to a firm start on Friday, surging almost 12 points as investors sentiments improved in tandem with Wall Street's advance.

19 December 2014 | 9:14AM |

Markets

Khazanah, upset with Jentayu, postpones meeting

KUALA LUMPUR: Khazanah Nasional Bhd is dismayed with Jentayu Danaraksa Sdn Bhd's "unprofessionalism" in presenting its proposed complementary plan to rescue ailing Malaysia Airlines (MAS), describing it as "a very unusual way of conducting business in corporate Malaysia", sources said on Thursday.

18 December 2014 | 1:08PM |

Airlines

Malaysian palm oil edges up, heavy rains eyed

KUALA LUMPUR/JAKARTA: Malaysian palm oil futures edged up on Thursday, swelled by a jump in crude oil prices, while wet weather warnings across parts of the second-largest grower stoked concern that yields of the tropical oil will drop this month

19 December 2014 | 7:13AM |

Palm Oil

Nirvana CEO: Opportunity to accumulate shares

HONG KONG: Integrated death care service provider Nirvana Asia Ltd that made its debut amid weak market sentiments on the Hong Kong Exchange yesterday feels the current valuation provides an opportunity for investors to accumulate the shares.

18 December 2014 | 12:00AM |

Nirwana

Thai Union Frozen to buy US tuna firm Bumble Bee for US$1.5mil

BANGKOK: Thai Union Frozen Products PCL, the world's largest canned tuna producer, said on Friday it has signed an agreement to acquire 100 percent of North American tuna company Bumble Bee Foods for US$1.51 billion from a private equity firm.

19 December 2014 | 10:19AM |

Stocks

EU leaders agree investment package to boost economy

BRUSSELS: European Union leaders endorsed a new investment programme intended to kick-start economic growth in the bloc at a summit in Brussels, which its chairman said would end late on Thursday, half a day earlier than planned.

19 December 2014 | 10:27AM |

Economy

Thai Union Frozen to buy US tuna firm Bumble Bee for US$1.5mil

BANGKOK: Thai Union Frozen Products PCL, the world's largest canned tuna producer, said on Friday it has signed an agreement to acquire 100 percent of North American tuna company Bumble Bee Foods for US$1.51 billion from a private equity firm.

19 December 2014 | 10:19AM |

Stocks

KLCI up nearly 12 points, banks lift

KUALA LUMPUR: Gains in banks helped push the FBM KLCI to a firm start on Friday, surging almost 12 points as investors sentiments improved in tandem with Wall Street's advance.

19 December 2014 | 9:14AM |

Markets

Depleted Indonesian oil field is window into China's corruption crackdown

LIMAU, Indonesia: In a muddy clearing in southern Sumatra, a portable diesel power plant hammers away alongside a wellhead, struggling to extract crude from a depleted reservoir that lies below farmland and rubber plantations. It was much easier to extract cash from a state-owned Chinese oil giant.

19 December 2014 | 8:15AM |

Oil & Gas

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