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Irwan appointed TRX and Bandar Malaysia chairman

KUALA LUMPUR: Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah has been appointed chairman of both TRX City and Bandar Malaysia.


Scientex raises RM156mil from private placement

KUALA LUMPUR: Scientex Bhd has raised RM156mil through a private placement, involving the issuance of 20 million new shares at issue price of RM7.80 per share.


Mah Sing plans affordable housing in Titiwangsa, GDV RM650m

KUALA LUMPUR: Mah Sing Group Bhd has taken its affordable housing objective one step further with a proposed residential condominium near the Taman Titiwangsa here, indicatively priced from RM485,000 per unit with built-up from 850 square feet.


Breakfast briefing: Wednesday, May 17 (Update)

Breakfast briefing: Wednesday, May 17


Opec prolonging cut would achieve mission to clear oil glut

LONDON: The world’s two biggest oil exporters seem to have finally figured out how to eliminate a global surplus that’s kept crude prices in check for almost three years.


Saudi Aramco to make leadership changes ahead of IPO

KUWAIT: Saudi Arabian Oil Co has promoted eight executives to top positions, including a senior vice president for downstream operations, as it seeks to double refining capacity and expand natural gas and chemical businesses ahead of what could be the world biggest share sale.


AirAsia 'neutral', QL Resources 'hold', Malaysian Bulk 'neutral', Yong Tai 'buy'

WITH AirAsia Bhd mulling over the setting up of its low-cost carrier in China, PublicInvest Research is positive on the move as it allows AirAsia to take a step closer in establishing an operating hub in that country.


Fitch sees no need for change in Malaysia rating

LONDON: International credit ratings and research agency Fitch Ratings says it does not see any near-term signs that could make it alter its current A- rating stable outlook on Malaysia but maintains that it would continue to monitor the country’s state of public finances.


RM250mil allocated for bridge, flyover in Ibrahim International Business District

JOHOR BARU: Some RM250mil in allocation will be channelled for the development of the Persada Link Bridge and flyover within the Ibrahim International Business District (IIBD).


Dialog net profit up to RM94mil on JVs

PETALING JAYA: Dialog Group Bhd saw its net profit for the third quarter ended March 31 jump 19.6% to RM94.4mil, boosted by higher contributions from its joint ventures (JVs), particularly in the Pengerang Independent Terminals.