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UK government tells BP it would oppose takeover - reports

27 April 2015

LONDON: The British government has warned oil giant BP that it would oppose a foreign takeover of the company weakened in recent years by the Gulf of Mexico oil spill, media reports said Monday. - AFP

Amanah Harta Tanah PNB to buy Mydin property for RM240mil

27 April 2015

KUALA LUMPUR: Amanah Harta Tanah PNB (AHP) is buying 5.35ha of commercial land including a three-storey mall cum hypermarket in Negri Sembilan from Mydin Mohamed Holdings Bhd for RM240mil. - Bernama

China Sinopec Group president under investigation - anti-graft watchdog

27 April 2015

BEIJING: Wang Tianpu, president of state energy firm China Sinopec Group, is under investigation for suspected “serious disciplinary violations”, the country’s anti-graft watchdog said on Monday. - Reuters

PetroChina first-quarter profit dives 82%

27 April 2015

HONG KONG: PetroChina, China’s biggest oil and gas producer, reported a sharper-than-expected 82% fall in first-quarter profit, due to lower international crude prices and inventory writedowns at its refining division. - Reuters

China plans mergers to cut number of big state firms to 40 - state media

27 April 2015

BEIJING: China will likely cut the number of its central government-owned conglomerates to 40 through a series of mergers, as Beijing pushes forward a plan to overhaul the country’s underperforming state sector, state media reported on Monday. - Reuters

Bursa Malaysia unveils e-services for the marketplace

27 April 2015

KUALA LUMPUR: Bursa Malaysia Bhd has launched a new listing information network system, Bursa Link, and an online listing enquiry service, AskListing@Bursa, for the marketplace. - Bernama

Khairussaleh appointed RHB Banking Group MD

27 April 2015

KUALA LUMPUR: Datuk Khairussaleh Ramli has been appointed the RHB group managing director (MD) and RHB Capital Bhd (RHB Cap) chief executive officer (CEO) and MD.

Tenaga Nasional Q2 earnings up 24% to RM2.15b

27 April 2015

KUALA LUMPUR: Tenaga Nasional Bhd’s earnings rose 24.3% to RM2.156bil in the second quarter ended Deb 28, 2015 from RM1.734bil a year ago, mainly due to the reduction in the costs of gas as more coal plants were utilised during the period.

Redtone independent directors say No to Juara Sejati's takeover offer

27 April 2015

KUALA LUMPUR: Two of Redtone International Bhd independent directors have rejected the “fair and reasonable” evaluation given by independent adviser Mercury Securities Sdn Bhd regarding Juara Sejati Sdn Bhd's conditional takeover offer of the telecommunications service provider.

Deflation? Oil's 45% rebound could be markets' next headache

27 April 2015

LONDON: Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January.

Borneo Oil to raise RM223m from rights issue, warrants

27 April 2015

KUALA LUMPUR: Borneo Oil Bhd is undertaking a corporate exercise involving the issuance of rights shares and free warrants which it targets to raise at least RM223.39mil.

Maybank, DiGi, RHB Cap drag KLCI into the red

27 April 2015

KUALA LUMPUR: Profit taking picked up pace in late trade on Monday with some selling pressure seen in Maybank, DiGi and RHB Capital while the broader market weaken despite the stronger ringgit.

IJM Land, Singapore's Perennial Real Estate in RM3b waterfront devt in Penang

27 April 2015

KUALA LUMPUR: IJM Land Bhd has teamed up with Singapore-based Perennial Real Estate Holdings Ltd (PREH) to acquire and develop RM3 billion freehold waterfront site in Penang.

DiGi posts RM479.2mil in net profit for Q1 (Update)

27 April 2015

KUALA LUMPUR: DiGi.com Bhd's net profit for its first quarter ended March 31, 2015 slipped 1.2% to RM479.21mil from RM485.15mil a year ago due to seasonally higher device sales and impact from lower margins.

Telekom ties up with Cyberview to deliver smart services

27 April 2015

KUALA LUMPUR: Intelsec Sdn Bhd, a wholly owned subsidiary of Telekom Malaysia Bhd, ties up with Cyberview Sdn Bhd to strengthen telecommunication as well as information and communications technology (ICT) infrastructure in Cyberjaya.

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