Mokhzani and Yeow to keep stakes in SapuraKencana

PETALING JAYA: Tan Sri Mokhzani Mahathir and close associate Yeow Kheng Chew, better known as KC, have no plans to sell their combined stake of 9.12% in oil and gas (O&G) giant SapuraKencana Petroleum Bhd (SapKen) following their resignations from the board of the company. “We have no plans to sell,” Mokhzani told StarBiz.

From left: Ong, Lim and Leong at the briefing. Leong says the group plans to open 11 cinemas.

PPB sets aside RM535mil for capex

KUALA LUMPUR: PPB Group Bhd will spend RM535mil on capital expenditure (capex) over the next two to three years, focusing on expanding the Golden Screen Cinemas (GSC) chain, according to chief financial officer Leong Choy Ying.Most of the investment will go towards expanding the GSC chain

Slowdown in Klang Valley landed residential market expected

KUALA LUMPUR: The Klang Valley market for landed residential is expected to experience a slowdown in 2015.

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Kam will continue to carry out his responsibilities until May 4.

RHBCap identifies new managing director

KUALA LUMPUR: RHB Capital Bhd (RHBCap) has identified a successor and will seek Bank Negara’s approval for the person to helm the fourth largest financial institution by assets following the resignation of current group managing director Kellee Kam.

6 March 2015 | 12:00AM |


Petronas begins US$17bil bond and sukuk drive

KUALA LUMPUR: Malaysian energy company Petronas began roadshows on Thursday to raise up to $17 billion from conventional and Islamic bonds, or sukuk, for working capital. State-owned Petronas met potential investors for a $15 billion multi-currency conventional bond programme and a one-off dollar-denominated sukuk issuance of $2 billion, two sources told Reuters.

6 March 2015 | 8:16AM |

Oil & Gas

Philippines' poverty rate rises to nearly 26%

MANILA: The percentage of people in the Philippines classified as poor rose to 25.8 percent in the first half of 2014 mainly because of a rapid increase in food prices and the effects of a super typhoon, the government said on Friday.

6 March 2015 | 5:14PM |


Brent climbs near $61 on Mideast supply concerns

SINGAPORE: Brent crude rose to trade near $61 a barrel on Friday as geopolitical tensions in Libya and Iraq stoked supply worries, while traders eyed U.S. rig counts and the outcome of Iran nuclear talks for further trading cues.

6 March 2015 | 4:38PM |

Oil & Gas

Crude palm oil prices to be better in first half of 2015

KUALA LUMPUR: Crude palm oil (CPO) price is likely to be better in the first half of 2015 (H1 CY15) due to the tight CPO supply, but for the second half of the year, this will hinge on biodiesel demand from Malaysia and Indonesia, says UOB Kay Hian Malaysia Research.

6 March 2015 | 3:26PM |


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