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Bank Negara sticks with Malaysia growth target

WASHINGTON: Malaysia will meet its economic expansion target even as risks to global growth mount and greater volatility may persist in capital flows, Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said.


Failure is not an option

When Baharom Hamzah found that cleaning pins for O&G pipelines were not widely available, he decided to import them and carve a niche for himself. But suppliers were fickle and the technology jealously guarded. In the end, he sat down and made his own, reports JOY LEE.


PIPC long-term investors remain committed

PETALING JAYA: Pengerang Integrated Petroleum Complex (PIPC) long-term investors continue to be committed to the sustainability of the project as Asia’s petrochemical hub despite the current low-oil price environment.


Asian shares drop in early trade Monday, oil tumbles after Doha deal fails

TOKYO: Asian shares dropped on Monday, dragged down by tumbling crude oil futures after producers' weekend talks failed to address the global supply glut.


BIMB Research sees weaker market after failed Doha talks

KUALA LUMPUR: BIMB Securities Research expects the unsuccessful summit in Doha to impact Bursa Malaysia and the FBM KLCI to trade at 1,720 to 1,725 on Monday.


Iran seeks EU leverage to get financial concessions from U.S.

DUBAI/BRUSSELS (Reuters) - Iran, seeking European leverage to secure better terms from the United States following last year's nuclear deal, asked the European Union to put pressure on Washington to ease its re-entry to the global financial system.


Affin Hwang retains Sell on Bumi Armada

KUALA LUMPUR: Affin Hwang Capital Research is maintaining its Sell rating on Bumi Armada after reducing its target price from 81 sen to 65 sen to reflect the removal of the Armada Claire floating production storage and offloading (FSPO) contract and the revised forex assumption of RM4 to the US dollar.


KLCI slides nearly 13 points as oil stocks, Sime lose ground

KUALA LUMPUR: Key regional markets including Bursa Malaysia fell on Monday after the collapse in the Doha oil talks and the impact of the earthquake on Japan’s manufacturing sector.


Italians go to polls in drilling referendum Renzi did not want

ROME (Reuters) - A referendum aimed at curbing Italy's offshore oil and gas industry was sunk on Sunday when it failed to secure the necessary quorum, with a sizeable majority of voters shunning the ballot, initial data showed.


RAM assigns AAA to Perdana Petroleum's RM650m Sukuk

KUALA LUMPUR: RAM Rating Services has assigned a final rating of AAA(fg)/Stable to Perdana Petroleum Bhd’s RM635mil debt notes.