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Oil and gas exploration area of COG expanded
KUALA LUMPUR: Kazakhstan’s Energy Ministry has expanded the oil and gas (O&G) exploration area to CaspiOilGas LLP (COG), which Sumatec Resources Bhd is in the process of acquiring for US$205mil (RM873mil).
Ta Ann’s acquisition of Agrogreen will expand planted area and raise gearing level
KUALA LUMPUR: The proposed entire acquisition of Agrogreen Ventures Sdn Bhd by Ta Ann Holdings for RM211mil cash will expand the latter’s planted area and raise its net gearing
Kulim expands planting area abroad
JOHOR BARU: Kulim (M) Bhd is allocating RM80mil in capital expenditure to expand its planting area in Papua New Guinea (PNG) and Solomon Islands this year.
Jaya Tiasa: Oil palm next growth area
Fully integrated timber producer Jaya Tiasa Holdings Bhd is eyeing oil palm as its future income contributor and strategic growth area.
I-Bhd plans theme park expansion in rural area
SHAH ALAM: I-Bhd plans to expand its theme park business to a rural area once its RM100mil leisure park in Shah Alam is completed by 2018.
HSBC banks on blockchain transactions as next growth area
KUALA LUMPUR: HSBC Bank is banking on blockchain transactions for trade as the next potential growth area, in line with the group’s heavy investment to embrace technology.
Draghi says no recession ahead for Euro area despite weakness
FRANKFURT: The euro-area economy isn’t headed for a recession, even though softening momentum underscores the need for European Central Bank stimulus, according to President Mario Draghi.
India soybean area could jump 15% to beat higher costing palm oil
MUMBAI: Indian farmers are likely to expand soybean planting areas by nearly 15 percent after the government raised edible oil import tax to the highest level in more than a decade, lifting domestic oilseed prices to nearly two-year highs, a trade body said.
China expands land in disputed South China Sea area
BEIJING: China has "reasonably" expanded its islands in the disputed South China Sea and this year construction projects there including radar facilities covered about 290,000 square meters (72 acres), according to a new government report.
Furniture chain extends reach to a new area
THE largest Miva Creation furniture showroom was recently launched in Putra Heights, Subang Jaya, to cater to the increasing customer demand in the area that is currently seeing a lot of new development taking place.
