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Corporate News 20 Jul 2018 | 12:00 AM

AirAsia seeks a return to Kota Kinabalu Airport Terminal 2

KOTA KINABALU: AirAsia Group Bhd is confident that the government will consider its proposal to return its operations to Terminal 2 of the Kota Kinabalu International Airport (KKIA), which the low-cost airline operator reluctantly left about two years ago.

Corporate News 19 Jul 2018 | 12:00 AM

Boustead Plantations buys Sandakan land, mill for RM397mil

KUALA LUMPUR: Boustead Plantations Bhd is buying 4,915 ha of plantation land in Sandakan, Sabah, inclusive of a 75-tonne per hour palm oil mill.

Corporate News 18 Jul 2018 | 6:10 AM

Boustead Plantations buys Sandakan plantation for RM397m

KUALA LUMPUR: Boustead Plantations Bhd is buying 5,531.25 hectares of plantation land in Sandakan inclusive of a 60-tonne per hour palm oil mill from Sit Seng & Sons Realty Sdn Bhd for an indicative purchase consideration of RM397mil.

Stock on the Move 16 Jul 2018 | 5:42 AM

Tadmax, Ranhill shares under pressure

KUALA LUMPUR: Shares of independent power producers (IPPs) were under pressure falling by up to 12% at midday following government’s decision in cancelling four IPP deals last week.

Economy 14 Jul 2018 | 12:00 AM

Major changes seen in power supply sector

THE POWER sector looks poised for a reset with a push towards renewable energy (RE) and the return of competitive bidding in awarding contracts.

Business 11 Jul 2018 | 12:00 AM

Finance Ministry takes over management of scandal-hit SSER

KUALA LUMPUR: The Finance Ministry has taken over the management of Suria Strategic Energy Resources Sdn Bhd (SSER), a company which is now at the centre of a RM9.4bil pipeline scandal.

Corporate News 10 Jul 2018 | 10:57 AM

Govt appoints new chairman, exco in scandal-hit SSER

KUALA LUMPUR: The Finance Ministry has taken over the management of Suria Strategic Energy Resources Sdn Bhd (SSER), a company which is now at the centre of a RM9.4bil pipeline scandal.

Economy 11 Jun 2018 | 8:33 AM

Najib’s claim of China to import US$2 trillion goods - untrue

KUALA LUMPUR: Finance Minister Lim Guan Eng today hit back at ex-Prime Minister Datuk Seri Najib Tun Razak’s claims that China had committed to import goods worth US$2 trillion as part of the two pipeline agreements worth RM9.4bil as there was nothing of that sort documented.

Business 09 Jun 2018 | 12:00 AM

Funding and rating agencies equally at fault

They never once raised the red flag on Malaysia taking on huge loans

Corporate News 05 Jun 2018 | 6:28 AM

MoF reveals RM9.4bil gas pipeline scandal

KUALA LUMPUR: The Finance Ministry (MoF) has discovered two gas line projects totaling RM9.4bil, where 88% of the amount has been drawn down - but only 13% of the work had been completed.