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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.
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.
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.
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.
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.
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.
Bondholders, Malakoff to meet over impact of windfall tax
Bondholders of Malakoff Bhd are seeking a meeting with the company to express their concern on the windfall tax on independent power producers (IPP).
TNB, EPU officials meet to discuss power deals
TENAGA Nasional Bhd (TNB), which is trying to hammer out a more palatable deal on power purchase agreements (PPAs), met up with officials from the Economic Planning Unit (EPU) last Friday.
