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SHANGHAI: China’s efforts to arrest destabilising declines in domestic stocks in recent years have become so well recognised that market players coined the term “the national team” to describe buying by state-owned funds.
KUALA LUMPUR: Sapura Energy Bhd's latest corporate manoeuver with Austrian oil and gas major, OMV AG, will bring about several potential benefits, including making the proposed exercise even better than an initial public offer (IPO) for Sapura Upstream Sdn Bhd, its exploration and production (E and P) arm.
KUALA LUMPUR: Malayan Flour Mills Bhd saw its Q2 net profit fall sharply to RM4.77mil from RM16.15mil in the corresponding quarter last year on the back of 4.9% lower revenue of RM547.7mil.
PARIS: A ban on palm oil due to fears it may cause deforestation could displace rather than halt global biodiversity losses as it would likely increase output of other oil crops to meet rising vegetable oil demand, an international survey showed on Tuesday.
PETALING JAYA: After its foray into Indonesia via its joint venture with the Salim Group, integrated poultry player CAB Cakaran Corp Bhd is now eyeing Japan, Singapore and the Middle East as it looks to boost its overseas revenue contribution to 40% in the next five years