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MPOC slams French senator's huge tax increase on palm oil
The Malaysian Palm Oil Council (MPOC) has slammed a French senator's proposed Nutella tax - the imposition of a 300% tax increase on palm oil -- and urged the French government to reject his proposal.
Exxon's PNG LNG project cost balloon to US$19bil
SYDNEY: The cost of Exxon Mobil's massive gas export project in Papua New Guinea will soar more than 20 percent to US$19 billion due to foreign exchange impacts and delays from work stoppages and land access issues, but it is still expected to start in 2014.
Disney profit meets expectations
LOS ANGELES: Media giant Walt Disney Co posted higher quarterly profit, lifted by an increase in visitors to its theme parks and revenue gains at sports juggernaut ESPN.
Paramount in Cyberjaya
Paramount Property Development Sdn Bhd has launched its most up-market residential development in Cyberjaya, Selangor, last month to kick off its move up the value chain and rebranding exercise.
Former Sime CEO moves to strike out charges
KUALA LUMPUR: The defence in the case of a former Sime Darby Bhd president and group CEO charged with two counts of criminal breach of trust for more than RM100mil would file an application to strike out the charges against him.
Lessons from the US presidential race
Tan Thiam Hock points out that there arelessons to be learnt from the recentlyconcluded US presidential election forowners of businesses in the country.
Musa retires as Sime chairman
PETALING JAYA: Former deputy prime minister Tun Musa Hitam, 78, has relinquished his position as director and chairman of Sime Darby Bhd after holding those positions for more than five years.
Engtex unit buys land to build office
KUALA LUMPUR: Engtex Group Bhd's wholly-owned subsidiary, Ivory Progression Sdn Bhd, has bought 7,455-sq-m freehold land for RM19.3mil in Aman Puri, Kepong, from Potensi Cekap Sdn Bhd.
QL’s growth remains intact
Despite the strong run-up in consumer stocks share prices, QL (+2.6% year-to-date) is relatively cheap at 16.5 times FY13 price earnings ratio, below the 18 times FY13 PER average of our universe of consumer stocks.
Distinctive in RM1.5bil property project
PETALING JAYA: Iskandar Investment Bhd has signed a lease purchase agreement with Distinctive Ace Sdn Bhd, a member of Distinctive Group, for the latter to develop a parcel of land in zone A of Medini into a mixed commercial development project with a gross development value (GDV) of RM1.5bil.
