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Banking 13h ago

Credit Suisse CEO gets a 30% pay rise for completing turnaround

ZURICH: Credit Suisse Group AG boosted chief executive officer Tidjane Thiam’s compensation by about 30 percent for delivering the first annual profit in four years, even as the bank’s trading losses continue to overshadow progress in other areas.

Oil & Gas 1d ago

Murphy Oil nearing deal to sell Malaysian oil, gas assets to PTTEP

HONG KONG/SINGAPORE (Reuters): Murphy Oil Corp is nearing a deal to sell its Malaysian oil and gas assets to Thailand's PTTEP PCL, people familiar with the matter said, in the latest energy M&A transaction in the Southeast Asian nation.

Auto 21h ago

Proton in tie-up to set up assembly plant in Pakistan

ISLAMABAD: National carmaker Perusahaan Otomobil Nasional Bhd (Proton) will collaborate with a local partner to set up a manufacturing assembly plant in Pakistan, its first in South Asia region.

New venture: Proton’ plant at Proton City in Tanjung Malim. The national carmaker has formed a partnership with Alhaj Automotive to set up a plant near Karachi.
Forex 17h ago

Ringgit flat against USD ahead of Feb CPI

KUALA LUMPUR: The ringgit opened unchanged against the US dollar today as investors awaited the release of the Consumer Price Index (CPI) for February by the Department of Statistics later in the day.

Economy 21h ago

Indonesia threatens to ban European goods

JAKARTA: Indonesia threatened to ban imports of some goods from the European Union in retaliation for the bloc’s move to impose stricter limits on how palm oil can be used in green fuels.

Oil & Gas 21h ago

Serba Dinamik secures RM330mil Petronas job

KUCHING: Serba Dinamik Holdings Bhd has been awarded a contract to provide maintenance, construction and modification services to Petroliam Nasional Bhd’s (Petronas) onshore facilities in Bintulu and Miri, Sarawak.

Corporate News 13h ago

Eastspring declares income distribution for dana Al-Ilham and Al-Islah

KUALA LUMPUR: Eastspring Investments Bhd has announced a gross income distribution of 0.0331 sen per unit for Eastspring Investments Dana al-Ilham and 0.0285 sen per unit for Eastspring Investments Dana al-Islah.

Economy 15h ago

Inflation falls 0.4% in February 2019

KUALA LUMPUR: Malaysia’s inflation, as measured by the consumer price index (CPI), decreased 0.4% in February 2019 from a year earlier mainly due to the drop in transport component.

Utilities 1d ago

Government to tender out RM3.2bil in green contracts this year

KUALA LUMPUR: The Energy, Science, Technology, Environment and Climate Change Ministry (MESTECC) will tender at least RM3.2 billion in contracts this year, involving renewable energy (RE) and energy efficiency (EE) projects.