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Analyst Reports 14 Apr 2016 | 2:32 AM

AllianceDBS lowers price target for Coastal on negative prospects

KUALA LUMPUR : AllianceDBS Research has lowered its price target for Coastal Contracts Bhd to RM1.68 from RM1.90 per share previously as it expects a downturn in earnings for the company's shipbuilding segment for the next two years.

Business 14 Apr 2016 | 5:40 AM

KLCI flat at midday despite strong regional advance

KUALA LUMPUR: The FBM KLCI remains flat at the midday close despite Asian equities resuming a second day of strong advances while emerging market currencies trended downwards.

Economy 14 Apr 2016 | 8:30 AM

IEA sees oil oversupply almost gone in H2

NEW YORK: Global oil markets will “move close to balance” in the second half of the year as lower prices take their toll on production outside OPEC, the International Energy Agency said.

Corporate News 14 Apr 2016 | 9:26 AM

Petronas Chemicals scraps US$1.3b elastomers project in Rapid

KUALA LUMPUR: Petronas Chemicals Group Bhd has scrapped the US$1.3bil (RM5.1bil) elastomers project, which is part of the Refinery and Petrochemicals Integrated Development (RAPID) project in Johor.

Corporate News 14 Apr 2016 | 10:53 AM

KLCI lags behind regional rebound, Sime lifts

KUALA LUMPUR: Blue chips managed to eke out slim gains on Thursday amid a cautious broader market on rising profit taking as investors became cautious over the uncertainties in the crude oil price.

Business 14 Apr 2016 | 10:55 AM

Petronas urges LNG industry stakeholders to curb price volatility

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has urged all stakeholders in the liquefied natural gas (LNG) industry to take the bold steps to help curb the vicious cycle of LNG price volatility.

Corporate News 14 Apr 2016 | 3:39 PM

Siva Kumar emerges as Cliq Energy’s top three shareholder

KUALA LUMPUR: Siva Kumar M. Jeyapalan, formerly Masterskill Education Group Bhd’s executive chairman and biggest shareholder, has emerged as a substantial shareholder of Cliq Energy Bhd by acquiring 34.6 million shares, or a 5.48% stake in the company.

World 14 Apr 2016 | 5:54 PM

Carter announces ramped-up military presence in Philippines

MANILA (Reuters) - U.S. Defence Secretary Ash Carter said on Thursday that U.S. troops and military equipment would be sent on regular rotations in the Philippines and that the two countries had started joint patrols in the South China Sea as China increasingly asserts its territorial claims.

Business 14 Apr 2016 | 6:44 PM

BP investors say “no” to CEO Dudley’s US$20mil pay deal

LONDON: BP’s shareholders have voted against chief executive Bob Dudley’s US$20mil (RM77.8mil) pay deal for 2015, a rare investor revolt for such a major company, after it recorded a record annual loss.

Business 14 Apr 2016 | 11:22 PM

Global LNG producers, including Malaysia, seek new markets to soak up surplus

PERTH: Companies such as Royal Dutch Shell, Total and Malaysia's Petroliam Nasional Bhd are scrambling to create demand as cheap coal and cleaner wind and solar power threaten to curb growth in the 250 million-tonnes-a-year LNG market.