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Community 29 Oct 2013 | 12:00 AM

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.

Community 14 Nov 2013 | 12:00 AM

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.

World 28 Nov 2013 | 2:35 AM

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.

World 11 Jan 2014 | 9:20 AM

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.

Community 27 Jan 2014 | 12:00 AM

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.

World 22 Feb 2014 | 7:36 AM

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.

Community 10 Apr 2014 | 12:00 AM

New way of investing

INVESTORS should move with the times, said Singaporean investment guru Bellum Tan.

World 18 Jun 2014 | 11:40 PM

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".

World 08 Aug 2014 | 4:16 PM

Afren shuts first Kurdish oilfield, shares drop

LONDON (Reuters) - Oil company Afren has suspended output at its Barda Rash oilfield in Iraqi Kurdistan, the first field to shut in the region as Islamist militants advance closer, weighing on shares of London-listed oil producers active there.

World 08 Aug 2014 | 7:00 PM

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.