Business

1MDB sheds light, explains RM2bil debt,eyes listing

PETALING JAYA: Government-owned strategic fund 1Malaysia Development Bhd (1MDB) has shed light on its highly-debated RM2bil loan taken by its subsidiary and asserted that it will resubmit its application to list its power arm.

Higher palm oil price in sight

KUALA LUMPUR: Oil palm producers whose profits were affected by the 15% drop in crude palm oil (CPO) price last year, will get a short relief as the commodity is expected to climb back to RM2,500 per tonne in May from RM2,380 per tonne currently on lower production and reduced stocks outlook, said international palm oil expert Dorab Mistry.

albern murty, incoming ceo of DiGI.Com Bhd

New CEO bullish about DiGi

Big part of RM900mil capex to enhance network quality

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KLCI down nearly 17 points at midday

KUALA LUMPUR: The FBM KLCI extended its losses and continued to fall nearly 17 points down at midday on Thursday, in light of the weaker Wall Street as investors stayed on the sidelines, concerned about the coming US jobs data.

5 March 2015 | 12:47PM |

Markets

1MDB’s power woes

KUALA LUMPUR: The fate of the controversial 3B power plant project that was awarded to 1Malaysia Development Bhd (1MDB) would be known next week. The project that was supposed to be commissioned in stages beginning Oct 1, 2018 is bogged down by delays and so far there has not been any news of its financing being firmed up.

4 March 2015 | 12:00AM |

Stocks

Mokhzani Mahathir and Yeow resign from SapKen

PETALING JAYA: Tan Sri Mokhzani Mahathir and close associate Yeow Kheng Chew have resigned from the board of oil and gas giant SapuraKencana Petroleum Bhd, almost a year after they relinquished their executive position in the company.

5 March 2015 | 12:00AM |

Stocks

MK Land to launch 2 projects this year

PETALING JAYA: Property developer, MK Land Holdings Bhd, will launch two projects this year with a combined Gross Development Value of RM600mil, says group chief executive officer Lau Shu Chuan.

5 March 2015 | 3:00PM |

Property

Edra Energy IPO setback

PETALING JAYA: The initial public offering (IPO) application of Edra Energy Bhd, 1Malaysia Development Bhd’s (1MDB) power arm, has been overtaken by events and it will have to re-submit an application to the Securities Commission (SC) if plans for an IPO are still on the cards, sources say.

4 March 2015 | 12:00AM |

Stocks

MK Land to launch 2 projects this year

PETALING JAYA: Property developer, MK Land Holdings Bhd, will launch two projects this year with a combined Gross Development Value of RM600mil, says group chief executive officer Lau Shu Chuan.

5 March 2015 | 3:00PM |

Property

KLCI down nearly 17 points at midday

KUALA LUMPUR: The FBM KLCI extended its losses and continued to fall nearly 17 points down at midday on Thursday, in light of the weaker Wall Street as investors stayed on the sidelines, concerned about the coming US jobs data.

5 March 2015 | 12:47PM |

Markets

KLCI slides 15 points after overnight fall on Wall Street

KUALA LUMPUR: The FBM KLCI skidded more than 15 points in early Thursday trade after Wall Street continued to pull back from record highs, with Petronas Dagangan, SapuraKencana Petroleum, Tenaga Nasional and Public bank among the top losers.

5 March 2015 | 9:41AM |

Markets

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