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RPGT raised or DIBS barred to make little difference in Sarawak, says observer
KUCHING: The sharp increase in Real Property Gains Tax (RPGT) and removal of the Developer Interest Bearing Scheme (DIBS) will have little impact on Sarawak’s property firms as there are few market speculators in the state.
Pan Borneo Highway project will be carried out in stages, says minister
KUCHING: Plans to construct and upgrade the 2,239km Pan Borneo Highway will be carried out in stages until 2025, says Works Minister Datuk Fadillah Yusof.
Libya struggles to pay salaries, more clashes erupt
TRIPOLI/BENGHAZI, Libya (Reuters) - Libya's Prime Minister Ali Zeidan said on Wednesday his government will be unable to pay public salaries and may have to seek loans if armed militias blockading oilfields and ports continue to choke off crude shipments.
Spain's Sacyr sees progress in talks with Panama Canal
MEXICO CITY (Reuters) - Sacyr, the Spanish building company leading a consortium to expand the Panama Canal, said on Friday it was making progress in talks with the waterway's operator over financing to avoid a damaging work stoppage on the multi-billion dollar project.
Improvement Service Fund imposed on developers to balance development in Petaling Jaya
DEVELOPERS involved in the construction of houses as well as commercial and infrastructure development in Petaling Jaya have to contribute a fee to offset the impact the new development has on the area.
Venezuela oil minister warns of local fuel cuts in protests
(Reuters) - Venezuela's oil minister said on Friday he may cut off deliveries of fuel to areas hit by anti-government protests, and the threat of local supply disruptions could further drive up crude prices even though exports are running normally.
New way of investing
INVESTORS should move with the times, said Singaporean investment guru Bellum Tan.
Gabon's Bongo struggles to transform African oil republic
LIBREVILLE (Reuters) - Above the entrance to the towering oil ministry on a sleek boulevard in Gabon's ocean-front capital Libreville hangs a huge banner that reads like a warning: "Oil will run out but innovation is forever".
Afren shuts first Kurdish oilfield, shares drop
LONDON (Reuters) - Oil company Afren
Militant advance disrupts oil production in Iraqi Kurdistan
LONDON (Reuters) - Oil companies in Iraqi Kurdistan began to withdraw more staff on Friday as Islamic State militants closed in on the regional capital, with Afren becoming the first to announce it was cutting production.