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P Aruna

Recent and archived articles by P Aruna

16 Oct 2017 | 2:35 PM

BMI Research: Malaysians expected to spend more on leisure and entertainment

KUALA LUMPUR: As Malaysia’s disposable income rises, BMI Research forecasts that greater spending will be directed towards non-essential spending, such as leisure and entertainment activities.

14 Oct 2017 | 7:00 AM

Can new major shareholder turn Dataprep around?

ON Wednesday, a huge transaction of 270.54 million Dataprep Holdings Bhd shares exchanged hands in an off-market transaction.

14 Oct 2017 | 7:00 AM

Ranjit: Knowledge needed to manage financial resources

PETALING JAYA: Malaysians need to possess the necessary skills and knowledge to effectively manage their financial resources in order to achieve financial well-being, said Securities Commission (SC) chairman Tan Sri Ranjit Ajit Singh.

12 Oct 2017 | 7:00 AM

Takeover offer for Dataprep

PETALING JAYA: IT services company Dataprep Holdings Bhd has received a takeover offer from the founder of the diversified Widad Business Group (WBG), Tan Sri Muhammad Ikmal Opat Abdullah, at 16 sen per share.

Takeover offer comes from the founder of the diversified Widad Business Group (WBG), Tan Sri Muhammad Ikmal Opat Abdullah(filepic), at 16 sen per share.
11 Oct 2017 | 7:00 AM

Assets disposal will enable Petronas to focus on Rapid

PETALING JAYA: As Petroliam Nasional Bhd (Petronas) looks to sell its Deep Basin oil and gas assets in Canada, analysts say the move will allow the firm to focus its capital spending on the domestic market, particularly the Refinery and Petrochemical Integrated Development (Rapid) project.

BMI Research, which is a unit of Fitch Group, said Petronas’ retreat from its Canadian LNG venture would allow the company to focus its capital spending on higher-priority downstream projects in the domestic market.  These include the Pengerang Integrated Petroleum Complex, which consists of the Rapid project..
9 Oct 2017 | 7:00 AM

Aimless after being retrenched

KUALA LUMPUR: In 2016, almost 40,000 Malaysian employees were retrenched from their jobs, according to data reported to the Labour Department.

Desperate times: Goh, who was retrenched in May, worries about how he will make ends meet if he does not manage to find another job soon.
7 Oct 2017 | 7:00 AM

A RM3.8bil injection for PetChem

GIVEN the earlier announcement that Saudi Aramco will be investing US$7bil in the Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor, it did not come as a big surprise when Petronas Chemicals Group Bhd (PetChem) inked a new deal with the state oil company of Saudi Arabia.

6 Oct 2017 | 7:00 AM

Yi-Lai gets takeover offer

PETALING JAYA: The largest shareholder of Yi-Lai Bhd has made a conditional offer to take the tile manufacturer private, barely over a year after a deal to sell the company to Penang-based property developer Aspen Group fell through

Hampton Capital Pte Ltd, which owns a third of Yi-Lai, is offering 78.5 sen per share to buy out other shareholders in the tile-making company.
3 Oct 2017 | 7:00 AM

Aramco seals deals in two facilities in Malaysia

PETALING JAYA: The state oil company of Saudi Arabia, Saudi Aramco, has taken up strategic stakes in two petrochemical plants in Pengerang as part of its estimated US$7bil investment in the project.

Slightly up: An investor watching PetChem shares on the monitor. Petchem shares closed one sen higher yesterday. - AFP
30 Sep 2017 | 7:00 AM

What lies ahead for Goh Ban Huat?

IT is puzzling that a little known property company called Paragon Adventure Sdn Bhd is forking out RM145.7mil for a 51% stake in ceramic products company Goh Ban Huat Bhd (GBH).