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TNB to buy more of 1MDB's power assets in M'sia and abroad

PETALING JAYA: Fresh from its purchase of Project 3B, Tenaga Nasional Bhd (TNB) has now submitted a proposal to buy 1Malaysia Development Bhd’s (1MDB) power assets both locally and abroad.

New framework on trading of digital assets

KUALA LUMPUR: The digital assets exchange (DAX) will now be classified as a recognised market, putting it on par with equity crowdfunding and peer-to-peer financing.

Bank Negara states digital assets not legal tender in Malaysia

KUALA LUMPUR: Bank Negara Malaysia reiterates digital assets are not legal tender in Malaysia and advised the public to carefully evaluate the risks associated with dealings in these assets.

Johor Sultan raises stake in Berjaya Assets

PETALING JAYA: The Sultan of Johor, Sultan Ibrahim Ibni Almarhum Sultan Iskandar, has increased his stake in Berjaya Assets Bhd, making him the second-largest individual shareholder in the company that owns Berjaya Times Square.

Hess, which has assets in M'sia, has no plans to sell Asian oil assets

SINGAPORE: U.S. oil producer Hess Corp has no intention to sell its assets in Asia as the region provides good, steady cash flow and a stable political environment, a senior company executive told Reuters on Tuesday.

Penang Pakatan reps declare assets

GEORGE TOWN: All Pakatan Rakyat assemblymen in Penang have declared all the assets that they own.

Japan foreign assets hit record US$3.2tril as top creditor nation

TOKYO: Japan's net external assets rose to a record 325 trillion yen (US$3.2tril) as of the end of last year as a weak yen boosted the value of overseas holdings, making the country the world's biggest creditor nation for 23 years in a row, the finance ministry said.

New book on assets, divorce and the law

SIBU: A new book, “Malaysian Law on Division of Matrimonial Assets” will be launched on Nov 14.

HNA unit's lenders seize assets as payment deadline missed

NEW YORK: Lenders to HNA Group Co.’s CWT International Ltd. seized control of assets in Singapore, China and the U.S. after the unit failed to repay amounts due on its credit facility.

Murphy Oil in talks to sell Malaysian O&G assets

SINGAPORE: Murphy Oil Corp is in talks to sell its Malaysian oil and gas assets after an unsolicited bid that could fetch between US$2bil and US$3bil, sources said, in the latest energy M&A deal in the South-East Asian nation.