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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.

Business 30 Jul 2008 | 12:00 AM

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).

Letters 29 Jul 2008 | 12:00 AM

Risky to levy windfall tax on IPPs

A letter from EKSID S.M.K.,Kuala Lumpur.

Business 28 Jul 2008 | 12:00 AM

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.