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KUALA LUMPUR: Boustead Heavy Industries Corp Bhd’s (BHIC) subsidiary Boustead DCNS Naval Corp Sdn Bhd has been hit with liquidated damages claim totalling RM147.7mil from the Defence Ministry with regards to its Scorpene submarines support contract.
NEW YORK: US stocks swung lower on Tuesday after President Donald Trump’s eldest son released an email chain, which referred to a top Russian government prosecutor as offering the Trump campaign damaging information about Democratic rival Hillary Clinton.
TOKYO: A senior executive at the Cool Japan Fund, a government-backed investor in businesses that promote Japanese culture, has been accused of seeking dates and trips with women working there.
PETALING JAYA: Boustead Heavy Industries Corp Bhd (BHIC) could take a hit in the event the company fails in its appeal against a liquidated damages claim by the Defence Ministry.
KUALA LUMPUR: The outlook on the ringgit is becoming more constructive, with Standard Chartered Bank (StanChart) expecting the currency to gradually strengthen towards RM4 per US dollar over the next one to two years.
KUALA LUMPUR: There is optimism that the nation’s oil and gas industry is on the road to recovery, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.
MUMBAI: Online retail giant Amazon.com Inc has secured approval to stock and sell food and groceries in India, potentially expanding its business in the fast-growing economy where it is in a pitched battle with home-grown rival Flipkart.