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PARIS/BUENOS AIRES (Reuters) - Officials from the Group of 20 leading industrialized nations gathered in Argentina are making slow progress in drafting a final communique for this weekend's leaders summit, amid disagreements over language on trade and climate change, delegates said.
KUALA LUMPUR: Moody’s Investors Service expects lower fuel costs to keep Malaysia’s electricity tariff depressed over the next 12 to 18 months, given the weaker outlook for thermal coal and crude oil prices.
BEIJING: China will boost its military spending by 10.1 percent this year to 886.9 billion yuan ($141.45 billion) as it cranks up its development of high-tech weapons systems, the government announced on Thursday.
BEIJING: China on Thursday announced an economic growth target for this year of around 7 percent, signaling its lowest rate of expansion for a quarter of a century, and said it would increase government spending to support the slowing economy.
WHILE the Government had recently announced there would be no hike in electricity tariffs this year, consumers may see electricity tariffs revised downward in the second half of this year due lower coal prices and Tenaga Nasional Bhd’s (TNB) lesser reliance on gas power plants.
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) is unable to determine the impact of lower energy prices and the weaker ringgit on the company and will not be adjusting tariffs yet.
PETALING JAYA: Tenaga Nasional Bhd (TNB) is expected to register a strong finish for its financial year ended Aug 31, 2014 (FY14), with its fourth-quarter earnings projected to rise significantly on an annual basis due to lower electricity-generation costs.
PETALING JAYA: Despite the expectation of slower earnings growth in the financial year ending June 30, 2013 (FY13) following a sterling performance thus far, news flow on potential corporate actions such as spin-offs and mergers and acquisition could attract investors to diversified group Sime Darby Bhd.