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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.

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

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.

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.

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.