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Business

Petronas Dagangan to maintain capex at RM500mil

PETRONAS Dagangan Bhd has allocated RM500mil for capital expenditure (capex) this year, with a substantial portion of the amount to be used for the construction of between 60 and 70 new service stations.

World

'Tribunal' accuses U.S., Britain of warcrimes in Iraq

ISTANBUL (Reuters) - International anti-war advocates accused the United States and Britain on Friday of committing war crimes in the invasion and occupation of Iraq in a symbolic

Letters

New China law is last nail in the tiger’s coffin

As if the open illegal trade in tiger skins in China was not enough, latest reports suggest that Beijing is mulling opening up farm-bred, captive tiger trade.

Business

AirAsia hedges oil price at US$48

AIRASIA Bhd has hedged its fuel costs based on the West Texas Intermediate (WTI) crude oil price of US$48 a barrel.

Business

Hassan on gas subsidies

Petronas president and CEO Tan Sri Hassan Marican released the group's results at a press conference. Excerpts.

Business

MAS hits two-year high

Malaysian Airline System Bhd's (MAS) share price yesterday rose to its highest in almost two years, buoyed by a slew of upgrades by analysts after the company surprised the market with a strong third-quarter performance.

Business

Oil rises near US$89

Crude oil rose near US$89 in New York after the biggest drop in US imports since March caused an unexpected decline in inventories. Brent futures rose to a record in London.

Business

AirAsia profit rises to RM246mil

AirAsia Bhd's net profit for the quarter ended Dec 31 expanded 73% to RM245.72mil from RM142.05mil in the previous corresponding quarter due to higher yields and contained unit cost.

Business

Qantas to raise fares to combat high fuel costs

Qantas Airways Ltd, Australia's biggest airline, said yesterday it would raise domestic and international fares by 3.5% and 3% respectively to help combat rising fuel prices.

Business

US, Britain seek oil trading limits

US oil futures regulators are working on a deal with their counterparts in Britain to impose first-ever position limits on West Texas Intermediate contracts on the ICE Futures Europe exchange, a US congressional source said.