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MMC arm to expand overseas O&G business

KUALA LUMPUR: MMC Oil and Gas Engineering Sdn Bhd is looking to expand its overseas business as part of the company’s ambition to boost annual revenue to RM300mil by 2018.


Petronas eyes 3% production growth a year till 2017

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), now the world’s sixth most-profitable Fortune 500 company in the oil and gas space, is targeting to grow its production of hydrocarbons by between 3% and 3.5% a year until 2017-2018.


Record year for Tan Chong

For every 1,000 shares an investor had bought in Tan Chong Motor Holdings Bhd (TCM) in 1973 and held it for forty years, he would have pocketed some RM3,005 purely in cash dividends. Apart from cash, the investor would have also got free shares in a Hong Kong-listed company and two other local companies during a de-merger in 1999.


Time dotCom continues to rally following cable link job

KUALA LUMPUR: Time dotCom Bhd’s shares surged at mid-afternoon on Wednesday after the group secured a part of Asia-Europe cable link job.


School books provider ready to embrace digital platform

SENAI: Pelangi Publishing Group Bhd, which sees school books being replaced by digital alternatives in a not too distant future, said it will be ready when the time comes.


Malaysia not ready to sign TPP

SINGAPORE: Malaysia is not ready to sign the Trans-Pacific Partnership (TPP), and like its other Asean counterparts should focus on regional integration, a top government official said.


TIME gets part of Asia-Europe cable link job

PETALING JAYA: TIME dotCom Bhd will participate in a consortium to build a new 25,000km submarine cable system that will link Asia and Europe via the Middle East.


BHIC to build first littoral combat ship in 2015

KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) expects to build the first littoral combat ship (LCS) early next year, under a RM9bil contract awarded to its associate company.


Unfounded fears in forced takeover of water assets

FOR eight days in a row, dwellers of Flora Damansara low-cost flats near Damansara Perdana, Selangor, have been without water.


Spring 2014 stocktake

WORLD economic activity picked up in the second half of 2013 and continued to expand into the first quarter of 2014; it can be expected to improve further in 2014-15.