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Tussle for O&G resources

PETALING JAYA: In a move seen as a challenge to Sarawak’s claim over petroleum ownership, Petroliam Nasional Bhd (Petronas) has gone to court to declare that, under the Petroleum Development Act 1974 (PDA), it is the exclusive owner of oil and gas resources in Malaysia.s

JAL eyes AirAsia's turf for first low-cost route

SINGAPORE: Japan Airlines Co (JAL) has decided to go head-first into the home turf of Asia’s largest low-fare carrier.

Sarawak AG’s Chambers confirms receiving registry notice

KUCHING: The Sarawak Attorney General's Chambers has been served with a notice from the Federal Court Registry that the state government was being made a party in a suit by Petroliam Nasional Bhd (Petronas), in the case of Petroliam Nasional Bhd Vs Sarawak State Government.

Berjaya Land sells stake in Vietnam firm for RM155mil

PETALING JAYA: Berjaya Land Bhd (BLand) is selling its entire stake in Vietnam-based Berjaya Vietnam Financial Centre Ltd (BVFC Ltd) for RM154.86mil to the country’s biggest property developer.

Slump in business travellers forces Emirates to ground 20 planes

LONDON: Emirates grounded 20 aircraft during Ramadan as the Islamic month’s timing this year exacerbated a seasonal slump in demand from Persian Gulf passengers and business travellers from outside the region, according to airline company President Tim Clark.

Aussie firms pay record salaries in first quarter

SYDNEY: Australian companies doled out a record amount in salaries last quarter, providing support for a struggling consumer sector while a jump in profits pointed to economic growth gathering pace after last year’s slowdown.

Sedania Q1 net profit falls to RM23,000

KUALA LUMPUR: Sedania Innovator Bhd reported a lower net profit of RM23,000 for the first quarter (Q1) ended March 31, 2018, compared with RM493,000 in the previous year’s corresponding period.

Good demand for landed residential property in south Johor

JOHOR BARU: The demand for landed residential property in south Johor, especially in the Iskandar Malaysia region, is still encouraging despite the slowdown in the property market.

Analyst report: Oil & Gas

FIRST quarter 2018 (Q1’18) results for the eight stocks under AmInvestment Bank’s coverage were fairly decent as five companies came in within expectations with two below.

Nintendo investors seek answers

TOKYO: Nintendo Co suffered its biggest two-day drop in 18 months, befuddling analysts and sending investors scrambling to explain the sell-off.