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Vitrox to invest RM60mil in plant

GEORGE TOWN: Vitrox Corp Bhd is investing between RM50mil and RM60mil for a second plant in Batu Kawan Industrial Park.

Muhibbah Engineering nets RM60mil worth of contracts

PETALING JAYA: Muhibbah Engineering (M) Bhd and its wholly-owned subsidiary Muhibbah Airline Support Industries Sdn Bhd (MASI) have secured orders worth RM60.3mil during the month of April 2015.

Moment of truth nears for nuclear waste time bomb

FRANKFURT (Reuters) - More than half a century after the world's first commercial nuclear plant went into operation in the United States, the industry may finally be nearing a way to store radioactive waste underground permanently.

Salcon unit bags RM24.35mil contract

KUALA LUMPUR: Salcon Bhd, via its unit Salcon Engineering Bhd’s 60% owned subsidiary Envitech Sdn Bhd, has clinched a RM24.35mil construction contract from Perunding Majucipta Sdn Bhd.

KL shares end week on bullish note

KUALA LUMPUR: Shares on Bursa Malaysia ended the week on a bullish note on Friday with the benchmark index 3.65 points higher, lifted by heavyweights led by Tenaga and finance counters.

Top foreign and local news at 3pm

Top foreign and local news at 3pm

Tenaga says 1MDB power project stake buy is "not a bailout"

KUALA LUMPUR: National utility firm Tenaga Nasional Bhd (TNB) defended a move to buy 1MDB's entire stake in a planned 2,000 MW coal-fired power project, saying it was "not a bailout" of the debt-laden state fund.

TNB sets condition for take over of 3B project

KUALA LUMPUR: Utility giant, Tenaga Nasional Bhd (TNB)'s take over of the coal-fired 3B power plant project will be subject to terms and conditions, which includes the firm and final levelised tariff not exceeding 26.67 sen/kWh.

Alliance maintains Buy on Tenaga

KUALA LUMPUR: Alliance Research has maintained its Buy call on TNB with a target price of RM16, adding that TNB is currently trading at undemanding valuation of 11 times FY15 PE, compared to its closest peer Malakoff’s 16 times.

Tenaga drags KLCI into the red

KUALA LUMPUR: The FBM KLCI kicked off Friday morning on a weaker note dragged by losses in Tenaga after the Government approved its plan to take over Project 3B, a power plant that had been earlier awarded to 1Malaysia Development Bhd (1MDB).