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Business 17 Sep 2005 | 12:00 AM

Boustead buys 30% of PSC-Naval

BOUSTEAD Holdings Bhd yesterday entered into a deal to buy a 30% stake in PSC-Naval Dockyard Sdn Bhd for RM166.5mil, a move that not only salvages the troubled offshore patrol vessel (OPV) project but also addresses a chunk of PSC-Naval Dockyard's non-performing loans (NPLs) held by Boustead's banking arm, Affin Bank Bhd.

Business 10 Mar 2006 | 12:00 AM

Committee: GLCs must stress more on transparency

Government-linked companies (GLCs) should give more emphasis on transparency and accountability in its transformation, Public Accounts Committee (PAC) chairman Datuk Shahrir Samad said.

Business 05 Sep 2009 | 12:00 AM

Let’s get busy over business

IT was nothing less than a countrywide epiphany. On Wednesday, Public Accounts Committee (PAC) chairman Datuk Seri Azmi Khalid presented us with a valuable clue as to what is it really that ails corporate Malaysia.

Business 26 Oct 2009 | 12:00 AM

PKFZ project results in high cost overruns

PETALING JAYA: The Port Klang Free Zone (PKFZ) project is a recent example of a case where poor control and oversight resulted in substantial cost overruns and additional expenses which ran into billions of ringgit.

Business 28 Sep 2010 | 12:00 AM

Sarawak wants assurance on RM6bil Bakun dam ‘performance’

PETALING JAYA: The offer price of RM6.2bil for the 2,400 MW Bakun dam mostly comprises debt that is guaranteed by the Federal Government, with a remaining RM450mil that is likely to be paid via instalments, according to sources.

Business 20 Apr 2011 | 12:00 AM

SEB to buy 30% of Bakun Dam for RM1.3bil?

PETALING JAYA: Sarawak Energy Bhd (SEB), the state utility company, is believed to have proposed to acquire a 30% stake in the Bakun Hydroelectric Power project for RM1.3bil cash, sources said. The payment would likely be in the form of equity of RM700mil and a shareholders' loan of RM650mil, the sources added.

Business 15 Dec 2011 | 12:00 AM

London 2012 media centre attracts 10 bids

LONDON (Reuters) - Ten bids have been received from would-be tenants wanting to take over the London Olympic press and broadcast centre after next year's Games, the man in charge of the legacy company said on Wednesday.

Business 18 Oct 2012 | 12:00 AM

UK committees to examine Starbucks tax strategies

LONDON: Two British parliamentary committees are due to quiz tax officials about how Starbucks was able to avoid paying tax on 1.2 billion pounds ($1.93 billion) of sales since 2009.

Business 12 Nov 2012 | 12:00 AM

Starbucks, Amazon and Google to face MPs over tax

LONDON: MPs will quiz executives of Starbucks, Google and Amazon on Monday about how they have managed to pay only small amounts of tax in Britain while racking up billions of dollars worth of sales here.

Business 13 Nov 2012 | 12:00 AM

MPs slam Starbucks, Amazon and Google on tax

LONDON: MPs criticised executives of Starbucks, Google and Amazon on Monday for not paying more tax in Britain, and Amazon said it had received a US$252 million (159 million pounds) demand for back taxes from France.