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KUALA LUMPUR: Taiwan’s CPC Corp has shelved its plans for a multi-billion US dollar integrated refining and petrochemical complex in Pengerang, Johor, reports said on Thursday.
KUALA LUMPUR: Petronas has signed two contracts through its subsidiaries Malaysia LNG Sdn Bhd (MLNG) and Petronas LNG Ltd (PLL) to supply up to 2.6 million tonnes per year of liquefied natural gas (LNG) to Taiwan’s CPC Corporation.
TAIPEI: Taiwan’s decision to allow petrol prices to rise to ease the burden on state-run oil firm CPC Corp is set to lift inflation, all but ruling out any rate cut by the central bank but possibly triggering a rise in the Taiwan dollar to mitigate the impact on consumers.
Under this deal, which often occurs at off season, CPC receives those two cargoes initially destined to KOGAS from Malaysia's Petronas LNG this month, said a source.
TAIPEI: Taiwan’s central bank and Ministry of Economic Affairs have set up a group to coordinate stepped up purchases of US goods, two sources said, as its seeks to reduce its trade surplus and head off being labelled a currency manipulator.