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Business 02 Jul 2019 | 12:00 AM

LafargeHolcim may have joined race for BASF mortars unit

CHICAGO: LafargeHolcim Ltd has joined the bidding for BASF SE’s construction chemicals business, according to sources, as chief executive officer Jan Jenisch seeks to diversify Europe’s largest cement maker.

Business 29 Jun 2019 | 12:00 AM Premium

Institutional shareholders flex their muscles

Shareholders, especially institutional ones, are beginning to flex their muscles on the remuneration of boards of directors – something quite rare in corporate Malaysia previously.

Business 28 Jun 2019 | 11:01 AM

Powernet appoints Serba Dinamik's Karim deputy chairman, Mustakim group MD

KUALA LUMPUR: The new substantial shareholders in Kumpulan Powernet Bhd, led by billionaire Datuk Mohd Abdul Karim Abdullah, have taken management control of the company.

Business 28 Jun 2019 | 12:00 AM

Gamuda records earnings of RM176m in third quarter

PETALING JAYA: Gamuda Bhd’s net profit fell 14.6% to RM176mil in the third quarter ended April 30 from RM206.1mil in the corresponding quarter last year.

Business 28 Jun 2019 | 12:00 AM

Gafung, Bintulu Port in ship bunkering tie-up

KUCHING: Gafung Petroleum (M) Sdn Bhd will provide ship bunkering services under a strategic partnership with Bintulu Port Holdings Bhd (BPHB).

Business 27 Jun 2019 | 12:00 AM

Straits partners Bintulu Port for fuel bunkering business

KUALA LUMPUR: Straits Inter Logistics Bhd has expanded its fuel bunkering business into the country’s third-biggest port in Bintulu, with the new venture expected to deliver a stable recurring income for the group for the next three years.

Business 26 Jun 2019 | 7:47 AM

Straits Inter Logistics signs bunkering services agreement with Bintulu Port

KUALA LUMPUR: Straits Inter Logistics has entered into a provision of bunkering services agreement with Bintulu Port Sdn Bhd (BPSB) for a contract period of three years, with the option to renew for not more than two years to be mutually agreed upon.

Business 26 Jun 2019 | 5:38 AM

Sarawak has steady sources of revenue

KUCHING: Sarawak, which has recorded budget surpluses for several years, has steady sources of revenue, especially the imposition of the sales tax on petroleum products for exports.

Business 26 Jun 2019 | 4:46 AM

Malaysia's CPI grows 0.2% in May

KUALA LUMPUR: Malaysia's consumer price index (CPI) grew 0.2% in May over the same month last year, underperforming the median forecast of a Reuters poll for the index to rise 0.3% year-on-year.

Business 26 Jun 2019 | 2:10 AM

Quick take: GKent’s shares fall after earnings announcement

KUALA LUMPUR: George Kent (M) Bhd’s (GKent) shares fell 2.7% in early trade on Wednesday after its earnings fell 37% in the first quarter ended April 30.