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Corporate News 29 Feb 2016 | 8:52 AM

Oil prices mixed as market ponders whether crude has bottomed out

SINGAPORE: Brent crude futures edged up on Monday after already making up ground last week as indications mounted of the market bottoming out, but analysts warned that downward risk remained and that it would take some time to work down a huge global glut.

Corporate News 29 Feb 2016 | 5:57 AM

TNB signs PPA with Powertek

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has signed a new power purchase agreement (PPA) with Powertek, a wholly owned subsidiary of 1Malaysia Development Bhd for an extension of three years ten months following a conditional letter of award by Energy Commission to Powertek in August 2015.

Corporate News 27 Feb 2016 | 12:00 AM

Questions abound for Lendlease deal

LAST week, the Lendlease group had a recruitment advertisement for managers and officers in different departments ranging from property management, finance and leasing/sales.

Property 27 Feb 2016 | 12:00 AM

Life goes on for TRX

It has not been an easy journey for TRX City Sdn Bhd CEO Datuk Azmar Talib. There have been detractors, distracting and overhanging issues that remain unanswered. Azmar says he is clear about what he has to do to develop the Tun Razak Exchange.

Property 27 Feb 2016 | 12:00 AM

FGV expands oil and fats ops in China

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) plans to expand its oils and fats capabilities in China by acquiring 55% of the paid-up capital of Zhong Ling Nutri-Oil Holdings Ltd for RM976.25mil.

Economy 26 Feb 2016 | 3:48 PM

US, EU say free-trade deal possible this year

BRUSSELS: Negotiators on a huge EU-US trade treaty claimed Friday they were making progress towards reaching an accord by the end of the year as they completed the latest round of talks.

Corporate News 26 Feb 2016 | 2:12 PM

FGV buys China edible vegetable oils producer for RM976mil

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) plans to expand its oils and fats capabilities in China by acquiring 55% of the paid-up capital of Zhong Ling Nutri-Oil Holdings Ltd for RM976.25mil.

Economy 26 Feb 2016 | 12:09 PM

World Bank confident Malaysia’s GDP to grow additional 8% by 2030

KUALA LUMPUR: The World Bank is confident that Malaysia will experience 8.0% gross domestic product (GDP) growth by 2030, on top of normal growth, driven by the Trans-Pacific Partnership Agreement (TPPA).

Corporate News 25 Feb 2016 | 7:24 PM

Plato Capital unit may be obliged to make MGO for ECM Libra

KUALA LUMPUR: Singapore-listed Plato Capital Ltd’s unit Truesource Sdn Bhd (TSSB), which has signed a conditional agreement to acquire 25.89% shareholding in ECM Libra Financial Group Bhd for RM27.45mil, may be obliged to undertake a mandatory general offer (MGO) for all the remaining ECM Libra shares.

Corporate News 25 Feb 2016 | 5:13 PM

Taliworks exits China, gains solid waste concession in M’sia

KUALA LUMPUR: Taliworks Corp Bhd, realigning its strategy to focus on mature operational cash-generating utilities and infrastructure businesses, is selling its entire China investments - including concessions to operate five wastewater treatment plants and a waste transfer facility - for US$54.6mil (RM230.4mil).