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Commodities 27 Dec 2016 | 12:00 AM

Algeria’s Sonatrach to boost output 20% with new projects

ALGIERS: Algeria’s state energy producer Sonatrach Group plans to increase output of natural gas and crude oil by 20% in the next four years as new projects start up, Salah Mekmouche, the company’s vice president of exploration and production, said.

Corporate News 27 Dec 2016 | 12:00 AM

Behind Tata-Mistry clash, a distinct set of governance rules

NEW DELHI: When Ratan Tata retired as chairman of Tata Sons Ltd in 2012, he proposed a change in the laws governing the relationship between India’s largest conglomerate and its key shareholder, according to sources familiar with the situation.

Commodities 27 Dec 2016 | 12:00 AM

Steel production curbs in China is good news for Malaysia and others

BUKIT MINYAK: Steel production curbs in China is good news for manufacturers around the world.

Business 27 Dec 2016 | 1:28 AM

Breakfast briefing: Tuesday, December 27

Breakfast briefing: Tuesday, December 27

Business 27 Dec 2016 | 2:00 AM

Trading ideas: Barakah, VS Industry, Fitters Diversified, Perisai

KUALA LUMPUR: JF Apex expects Barakah Offshore Petroleum Bhd, VS industry Bhd, Fitter Diversified Bhd and Perisai Petroleum Teknologi Bhd to be among the stocks which could see trading action on Tuesday.

Business 27 Dec 2016 | 5:30 AM

Quiet trading day, KLCI up 1.11 points

KUALA LUMPUR: Local bourse benchmark FBM KLCI edged up marginally at midday amid a lack of catalysts to stimulate investor interest.

Corporate News 27 Dec 2016 | 6:50 AM

Fund managers bullish on emerging markets, ratings agencies less keen

NEW YORK: A number of global fund managers say they are buying emerging market assets for 2017 after the beating the sector has taken since the US election in November, even though credit rating agencies have a less positive outlook.

Technology 27 Dec 2016 | 9:31 AM

PKT Logistics ventures into e-commerce logistics solutions

KUALA LUMPUR: PKT Logistics Group Sdn Bhd is venturing into the e-commerce logistics market with the signing of agreements with China IOT Co Ltd, a subsidiary of US-headquartered e-commerce logistics solutions group 360zebra, to start up two joint-venture (JV) companies.

Corporate News 27 Dec 2016 | 11:47 AM

Maxis buys 25% stake in AWT from Astro for RM15.8mil

KUALA LUMPUR: Maxis Bhd is taking full control of Advanced Wireless Technologies Sdn Bhd (AWT) by acquiring the remaining 25% in the wireless multimedia related services provider from Astro Malaysia Holdings Bhd’s unit MBNS Multimedia Technologies Sdn Bhd (MMT) for RM15.83mil.

Corporate News 27 Dec 2016 | 1:58 PM

Mitrajaya bags RM183mil West Coast Expressway contract

KUALA LUMPUR: Mitrajaya Holdings Bhd has clinched a portion of the RM5.04bil West Coast Expressway (WCE) construction project, with a RM183.4mil contract to build the stretch from the South Klang Valley Expressway interchange to the Shah Alam Expressway interchange.