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21 Sep 2018 | 6:58 AM

Shell wins LNG deal to supply Chinese firm's power plant in Panama

HOUSTON: Royal Dutch Shell Plc has won a long-term contract to provide liquefied natural gas to a Chinese company's 441 megawatt power plant under construction in Colon, Panama, advisors on the deal said

The deal with a Shell trading unit comes as a trade dispute between the United States and China has put global LNG exports in the spotlight. This week, China imposed tariffs on $60 billion of U.S. goods, including a 10 percent tax on LNG imports effective Monday, in response to the U.S. slapping tariffs on some $200 billion of Chinese goods.

21 Sep 2018 | 7:00 AM

Aussie group secures financing for TRX project

First of its kind for urban regeneration job in Malaysia

Lendlease Asia chief executive officer Tony Lombardo (pic) declined to say how much loan financing the Australian group is seeking for its urban regeneration project – its first in Malaysia – but said both local and foreign banks are involved. He expects the loan and financing arrangements to be completed by the end of October.

21 Sep 2018 | 7:00 AM

Scientex posts record net profit and revenue

PETALING JAYA: Scientex Bhd has recorded the strongest performance in its corporate history for both its fourth quarter and full year ended July 31, 2018.

“These manufacturing facilities give us geographically diverse exposure across key customer markets in Asia and the Americas,” said Scientex managing director Lim Peng Jin(pic)

21 Sep 2018 | 7:00 AM

Four-bedroom home goes on sale in HK for US$446mil

HONG KONG: There’s expensive, and then there’s Hong Kong property expensive.

Don’t expect a palatial estate though. The modestly-sized house at 24 Middle Gap Road sits on 16,330 sq ft, or just over a third of an acre, and comes with a swimming pool, parking for two cars and some dated 1990s decor.

21 Sep 2018 | 7:00 AM

Selangor Properties Q3 profit jumps 70%

PETALING JAYA: Selangor Properties Bhd (SPB) has registered a 70% growth in net profit to RM33.2mil for the third quarter ended July 31, 2018 (3Q18), compared to the corresponding quarter last year.

In a Bursa Malaysia filing, SPB said it was increasing marketing efforts to drive sales of units in AIRA Residence project. (File pic shows model of Aira Residence project)

21 Sep 2018 | 7:00 AM

Mah Sing and Dutch institute ink pact to provide student accommodation

ISKANDAR PUTERI: Mah Sing Group Bhd has inked a memorandum of understanding (MoU) with the Netherlands Maritime Institute of Technology (NMIT) to provide fully-furnished accommodation for the institute’s students.

21 Sep 2018 | 7:00 AM

Eco World posts 47.6% higher net profit

PETALING JAYA: Eco World Development Group Bhd registered a net profit growth of 47.6% to RM38.5mil for the third quarter ended July 31, boosted by its home ownership campaign #OnlyEco-World launched in June as well as its EcoWorld Help2Own (EW-H2O) financing package.