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Huge power failures in Indonesia's Java, Bali

JAKARTA (Reuters) - Power supplies to large areas of Java and Bali islands in Indonesia, including the whole of the capital, Jakarta, were disrupted on Thursday, state electricity company PT Perusahaan Listrik Negara (PLN) said.

Move to scrap ringgit peg will boost economy: Moodys

Malaysia's decision to scrap its ringgit peg for a managed float system will improve government finances, damp inflation and fuel economic growth, Moody's Investors Service said.

A3 rating of Malaysia reflects strong financial situation

Malaysia's I>A3 /I>rating and stable outlook reflect the country's strong external financial position, Moody's Investors Service said in its annual country report on Thursday.

Ramunia signs underwriting pact for listing next month

RAMUNIA Holdings Bhd has signed an underwriting agreement with Kamp;N Kenanga Bhd and AmMerchant Bank Bhd in conjunction with its listing on Bursa Malaysia#039;s second board, scheduled for next month.

Petronas and PTT to buy gas from field in Gulf of Thailand

PTT Plc and Petroliam Nasional Bhd (Petronas) will buy gas from a field shared by Malaysia and Thailand starting January after the construction of a US$900mil pipeline and separation plant, a Thai government official said.

Ramunia expects to list on second board in fourth-quarter

OIL and gas engineering and heavy-fabrication group Ramunia Holdings Bhd will make its debut on the Bursa Malaysia second board in the last quarter of 2004 via the re-structuring and re-listing of Saship Holdings Bhd (SHB).

Briefly

Brothers in arms

i>The Separation/iby Christopher Priest is reviewed by ERNIE YAP.

Foreign leaders hail Pak Lah's big victory

The United States has congratulated Prime Minister Datuk Seri Abdullah Ahmad Badawi for leading Barisan Nasional to a #8220;very convincing#8221; victory in the general election.

Rich get stingy as market dips

Decimated fortunes, bankruptcies, scandals and job losses are just some of the well-known victims of the recent market rout.