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Business 08 Jun 2016 | 12:00 AM

Ire-Tex receives feed-in tariff approval

PETALING JAYA: Packaging specialist Ire-Tex Corp Bhd has been awarded as an approval holder of the feed-in tariff (FiT) by the Sustainable Energy Development Authority of Malaysia (SEDA), a statutory body established under the Energy, Green Technology and Water Ministry.

Business 08 Jun 2016 | 12:00 AM

GOB shares close lower

PETALING JAYA: Shares of Global Oriental Bhd (GOB) closed lower despite the company’s announcement of a plan to acquire 279.86 acres of freehold land in Bentong, Pahang for RM170.67mil.

Business 08 Jun 2016 | 12:00 AM

More small businesses seen approaching angel investors

KUALA LUMPUR: Ninety-three small businesses pitched their business ideas to angel investors from June last year to May this year, and numbers are expected to grow, according to Malaysian Business Angel Network (MBAN) president Sivapalan Vivekarajah.

Business 08 Jun 2016 | 12:00 AM

IHH Healthcare EBITDA margins sustainable

PETALING JAYA: IHH Healthcare Bhd’s earnings before interest, taxes, depreciation and amortisation (EBITDA) margins will be sustainable at 25%, according to AmInvestment Bank Bhd.

Business 08 Jun 2016 | 12:00 AM

Hotel Lotte pushes back IPO

SEOUL: Lotte Group’s hotel unit delayed what could be South Korea’s largest initial public offering and cut the price after prosecutors in Seoul began an investigation into bribery allegations against executives of the family-run company.

Business 08 Jun 2016 | 12:00 AM

BHP Billiton sells Indonesian coal assets to Adaro

MELBOURNE: BHP Billiton has agreed to sell its coal assets in Indonesia to its partner, Adaro Energy, following a slump in prices for metallurgical coal.

Business 08 Jun 2016 | 12:00 AM

S. Korea’s Lotte Chem bids for US firm Axiall

SEOUL: Lotte Chemical Corp has made an initial offer to buy US chemicals maker Axiall Corp, coming in as a potential white knight for the US$1.6bil firm that is resisting a takeover attempt by Westlake Chemical Corp.

Business 08 Jun 2016 | 12:00 AM

Shell deepens cuts

LONDON: Royal Dutch Shell Plc cut spending plans further and promised increased savings following its record purchase of BG Group Plc as it continues to adjust to the slump in oil prices.

Business 08 Jun 2016 | 12:00 AM

Britain threatens to destroy 18 months of Swiss toil in a stroke

EDINBURGH: Once again, someone else’s crisis is threatening to make life more difficult for the Swiss.

Business 08 Jun 2016 | 12:00 AM

ANZ in no hurry to sell AMMB stake

PETALING JAYA: Australia and New Zealand Banking Group Ltd (ANZ) appears to be in no hurry to complete the divestment of stakes in banks in Asia, including a 24% stake in AMMB Holdings Bhd, the Financial Times reported. The FT quoting ANZ’s new chief executive Shayne Elliott (pic) said the banking group’s cost of equity was 9%.