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Business 17 Apr 2014 | 7:47 AM Premium

1MDB bulks up balance sheet

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has bulked up its balance sheet for the financial year ended March 31, 2013 (FY13), with assets and liabilities growing significantly compared with the preceding year.

Business 22 Apr 2014 | 12:00 AM Premium

1MDB has option to renew power purchase agreements

PETALING JAYA: 1Malaysia Development Bhd (1MDB) has the option to renew the power purchase agreements (PPA) for its power plants in Malaysia for three additional terms of five years each, according to the accounts of the Malaysian government backed fund for the year ended March 31, 2013.

Analyst Reports 30 Jun 2014 | 10:42 AM Premium

RHB Research keeps Yinson target price at RM2.70

KUALA LUMPUR: RHB Research is maintaining its Neutral outlook and target price of RM2.70 for Yinson Holdings following the release of its financial results for the first quarter ended April 30, 2014.

Business 29 Nov 2014 | 12:00 AM Premium

It’s survival of the fittest, says Shamsul

TAKING the cue from US oil and gas (O&G) services giant Halliburton Co’s takeover bid of its rival Baker Hughes Inc, a consolidation in the local scene is probably the way forward, if Petronas’ head honcho is to be taken seriously.

Business 19 Feb 2015 | 12:00 AM Premium

PetChem Q4 net profit rises 11% to RM500mil

PETALING JAYA: Petronas Chemicals Group Bhd’s (PetChem) net profit rose 11% to RM500mil in the fourth quarter ended Dec 31, from RM450mil a year earlier, on higher production and sales volume following stronger operational performance.

Community 30 Apr 2015 | 12:00 AM Premium

Recovery of deposits boosts Sarawak Plantations profits

KUCHING: Sarawak Plantations Bhd has recovered deposits of RM28.5mil paid for acquisitions of equity stakes in four plantation companies.

Business 05 May 2015 | 3:24 PM Premium

Ire-Tex external auditor UHY expresses qualified opinion

KUALA LUMPUR: Ire-Tex Corporation Bhd said its external auditors Messrs UHY had expressed a qualified opinion in the company’s audited financial statements for the financial year ended Dec 31, 2014 (FY14).