Business

Integrax: Game over

PETALING JAYA: Tenaga Nasional Bhd (TNB) has secured more than 50% acceptance for its takeover offer of port operator Integrax Bhd, effectively gaining control of the company in a corporate battle that had lasted close to three months.

Pengerang gets Platts’ nod

PETALING JAYA: The Pengerang oil terminal in Johor is expected to receive greater interest following its inclusion into oil agency Platts Singapore’s pricing assessments for middle distillates and gasoline.

MAI expects higher sales despite GST

SHAH ALAM: The Malaysia Automotive Institute (MAI) expects vehicle sales for the first six months of this year to be higher than 333,142 units recorded in the corresponding period last year despite concerns over the goods and services tax (GST) that will come into force tomorrow.

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Malaysia Airlines to charge customers 6% GST

KUALA LUMPUR: Malaysia Airlines’ customers will be charged the 6% Goods & Services Tax (GST) on applicable goods and services supplied by the national carrier when it comes into effect on April 1.

30 March 2015 | 6:41PM |

Airlines

Amin to sell his Integrax shares to Tenaga

KUALA LUMPUR: Integrax Bhd’s second-largest shareholder Amin Halim Rasip has conceded defeat in his battle against Tenaga Nasional Bhd to secure a better price for his stake in the port operator.

31 March 2015 | 6:08PM |

Corporate News

Firm closing for KLCI in Q1

KUALA LUMPUR: Malaysia’s blue chips ended the first quarter on Tuesday on a firm note, with the 30-stock FBM KLCI up 3.95% year-to-date on window dressing, amid a weak ringgit and crude oil prices.

31 March 2015 | 5:51PM |

Markets

Construction works on MRT1 underground transport hub progressing smoothly. — Bernama

MRT2 works to start

PETALING JAYA: Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) is expected to start awarding contracts for the various packages of the RM23bil Mass Rapid Transit line 2 (MRT2) in the last quarter of this year.

30 March 2015 | 12:00AM |

MRT

Ringgit lower against dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar as the greenback remain firm against major currencies, currency traders said.

30 March 2015 | 10:58AM |

Corporate News

China to cut 80 million tonnes of steel capacity

BEIJING: China will aim to cut as much as 80 million tonnes of excess steel capacity in the next three years to tackle a massive supply glut that has plunged much of the sector into crisis, a government official said.

30 March 2015 | 12:00AM |

Foreign News

Amin to sell his Integrax shares to Tenaga

KUALA LUMPUR: Integrax Bhd’s second-largest shareholder Amin Halim Rasip has conceded defeat in his battle against Tenaga Nasional Bhd to secure a better price for his stake in the port operator.

31 March 2015 | 6:08PM |

Corporate News

Firm closing for KLCI in Q1

KUALA LUMPUR: Malaysia’s blue chips ended the first quarter on Tuesday on a firm note, with the 30-stock FBM KLCI up 3.95% year-to-date on window dressing, amid a weak ringgit and crude oil prices.

31 March 2015 | 5:51PM |

Markets

Higher on the day, ringgit leads

SINGAPORE: Emerging Asian currencies generally held firm on Tuesday but they have mostly fallen during March and in the first quarter as the dollar rose on expectations the U.S. Federal Reserve will raise interest rates later this year.

31 March 2015 | 4:04PM |

Forex

Dollar edges higher, on track for best quarter since 2008

SINGAPORE: The dollar rose against a basket of currencies on Tuesday and was on track for its best quarter since 2008, bolstered by the diverging outlook for monetary policy in the United States compared to other major economies.

31 March 2015 | 1:52PM |

Banking

Japan's Toho Gas to buy LNG from Petronas

TOKYO: Japan's third-biggest city-gas supplier, Toho Gas Co, said on Tuesday it signed a basic agreement with a unit of Petroliam Nasional Bhd (Petronas) to buy liquefied natural gas (LNG).

31 March 2015 | 1:47PM |

Oil & Gas

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