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Bamboo industry must transform, modernise to grow


KUALA LUMPUR: The Primary Industries Ministry is urging all parties involved in the growth of the country's bamboo industry to take proactive steps to ensure that transformation and modernisation takes place to grow the sector.

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.

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