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

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

AmResearch maintains Hold on MISC

KUALA LUMPUR: AmResearch has maintained its Hold on MISC with a higher fair value of RM8.30 a share to account for the higher market value of the petroleum tankers and the inclusion of contributions from the five newbuild LNG carriers.

31 March 2015 | 9:36AM |

Analyst Reports

Oil eases as big powers negotiate with Iran

LONDON: Oil prices slipped on Monday as officials from Iran and six world powers discussed a possible deal over Tehran's nuclear programme that could bring an end to sanctions and allow an increase in Iranian oil exports.

31 March 2015 | 6:51AM |

Oil & Gas

Global stoclks surge, China at 7-year high

NEW YORK: The dollar gained and global equity markets surged on Monday on merger activity among drugmakers on both sides of the Atlantic, while Chinese stocks hit a seven-year high on a government plan to create a modern Silk Road trade route.

31 March 2015 | 6:42AM |

Stocks

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