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Research house lowers AirAsia target price

KUALA LUMPUR: CIMB Equities Research has lowered its target price for AirAsia Group Bhd to RM1.82 from RM2.12 a share as it expects crude oil prices to climb while higher airport charges may hurt demand

Higher oil price, airport charges expected to weigh on budget airline

Philippines’ Phoenix seeks LNG alliance with PNOC

MANILA: Phoenix Petroleum Philippines Inc said it is in talks with state-owned Philippine National Oil Co (PNOC) for a “strategic alliance” on its proposed US$2bil liquefied natural gas (LNG) hub.

Link between energy firms and their CEO’s pay

NEW YORK: Oil and gas companies continue to link executive pay to the discovery of energy resources the world can’t safely burn, potentially jeopardising shareholder value, according to a new report.