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17 Sep 2018 | 5:07 PM

A better option than IPO for Sapura Energy in proposed tie-up with OMV

KUALA LUMPUR: Sapura Energy Bhd's latest corporate manoeuver with Austrian oil and gas major, OMV AG, will bring about several potential benefits, including making the proposed exercise even better than an initial public offer (IPO) for Sapura Upstream Sdn Bhd, its exploration and production (E and P) arm.

17 Sep 2018 | 7:00 AM

LRT3 likely to resume with reduced budget and revised plan

KUALA LUMPUR: The light rail transit 3 (LRT3) project, which risked being shelved as a result of its cost rising by more than three times, is expected to resume in November with a reduced budget and revised plans, sources say. The cost of the LRT3 project was initially tagged at RM10bil. It was subsequently revealed that the initial costs were somewhat misguided as certain costs were not taken into consideration, and on summing up the total costs, the figure had ballooned to RM31.65bil

Agreement on cost: A source says that contractors of the LRT3 project have agreed to the new revised cost

17 Sep 2018 | 7:00 AM

Emerging markets must fix their economic woes

EVEN if emerging markets (EMs) finally climb back onto investors’ radar, it is not a reason to cheer as long as their economic woes are not fixed.

The rupiah has dropped 10% to the dollar this year despite four rate hikes; policymakers plan to increase tourism receipts, greater use of biodiesel to stem expenditure on oil imports and come up with strategies relating to imports and exports.

17 Sep 2018 | 7:00 AM

Research location before buying

CONDUCT research into the economic prospects of a location before deciding on the type of property to buy – that is the advice for young investors.

17 Sep 2018 | 7:00 AM

Matriarch of Selangor Properties passes away at 98

PETALING JAYA: Puan Sri Chook Yew Chong Wen, the matriarch of Selangor Properties Bhd (SelProp), passed away last Thursday. She was 98.

Chook retired as executive chairman of the property development company in December 2017, according to a Dec 27 Bursa Malaysia filing. On the same day, the company told Bursa that Wen Chiu Chi, 61, the third among Chook’s four children, was assuming the position of executive chairman. He was previously the managing director. SelProp is one of the oldest property companies on Bursa Malaysia.

17 Sep 2018 | 7:00 AM

New technology could replace 28 million jobs in region

INNOVATIONS in artificial intelligence (AI) technology, coupled with its increased adoption, will have a big impact on the workforce across Asean over the next decade, according to a new study by Cisco and Oxford Economics.

17 Sep 2018 | 7:00 AM

China-Asean e-commerce to expand

Chinese investments in the region growing in areas of e-commerce, logistics and payment

Growing market: There is huge potential in cross-border e-commerce trade between China and Asean. — AFP

17 Sep 2018 | 7:00 AM

Malaysia to gain from cancellation of controversial China projects

PETALING JAYA: It could be a case of short-term pain for long-term gain if Malaysia decides not to be fully part of China’s Belt and Road Initiative (BRI) by cancelling some of the more controversial China-backed infrastructure projects

15 Sep 2018 | 7:00 AM

MST Golf hits a good, long drive

WHAT started out as a long shot business venture, borne of a friendship that stretched back to their school days in Sekinchan, Selangor, Ng Yap and KP Low have gone on to create a company dominant in sportswear retail.

Founding partners: MST Golf, which will celebrate its 30th anniversary next year, was founded by Ng Yap (top), and KP Low (below) in 1989 and known then as Masinthai Sdn Bhd.

15 Sep 2018 | 7:00 AM

Vertice unit’s RM340mil sub-contract withdrawn

PETALING JAYA: The RM339.86mil Ulu Kelang Package CA1 sub-contract that Vertice Construction Sdn Bhd (VCSB) bagged earlier this year has been withdrawn.

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