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Business 12 Aug 2008 | 12:00 AM

Call for cut in CPO windfall tax

In view of falling crude palm oil (CPO) prices, planters are asking for a higher threshold price that is used to calculate windfall tax on oil palm companies.

Business 09 Aug 2008 | 12:00 AM

Malakoff holds meeting with bondholders

Malakoff Bhd had in the past week finally held a meeting with bondholders, comprising some of the large banking groups in the country, that had been postponed before.

Business 08 Aug 2008 | 12:00 AM

Sime market cap halved

Sime Darby Bhd, the world's biggest listed palm oil plantation owner, has lost over RM30bil in market value since January as the stock fell on concern that its earlier profit forecast was too optimistic.

Business 08 Aug 2008 | 12:00 AM

No windfall tax for toll road operator

Contrary to market talk, windfall tax will not be imposed on toll road operators, said Second Finance Minister Tan Sri Nor Mohamed Yakcop.

Business 07 Aug 2008 | 12:00 AM

Maybank, BCHB weigh on market

Selling of Maybank and BCHB pushed the key 100-stock KLCI lower at midday on Thursday, but the market fared better compared with other key regional indices.

Business 06 Aug 2008 | 12:00 AM

MMC's plan to buy Senai Airport poorly received by investors

MMC Corp Bhd's proposals to acquire Senai Airport Terminal Services Sdn Bhd (SATS) for RM1.95bil and general offer for Aliran Ihsan Resources Bhd (AIRB) at 90 sen a share were poorly received in the market yesterday.

World 05 Aug 2008 | 12:00 AM

Obama makes a shift, says tap oil reserves

LANSING, Mich. (Reuters) - Barack Obama proposed tapping the strategic oil reserve on Monday to help lower gas prices, reversing an earlier stance, and called rival John McCain a tool of big oil companies as rising energy costs took center stage in the U.S. presidential campaign.

Letters 04 Aug 2008 | 12:00 AM

Let IPPs choose Mesita route

From Dr POLA SINGH of Kuala Lumpur

Business 02 Aug 2008 | 12:00 AM

Malakoff, Jimah bonds to be most affected by tax

Only three of the 13 bonds issued by independent power producers (IPPs) that AmResearch analysed would suffer a major negative impact from the windfall tax, it said in a credit sector note.

Community 31 Jul 2008 | 12:00 AM

Fulfil projects for people’s benefit, Govt urged

CHIEF Minister Lim Guan Eng rapped the Federal Government for providing RM36bil in gas subsidies for 10 independent power producers (IPP) since 1997 but not RM4.7bil to implement mega projects in Penang.