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Business 08 Feb 2014 | 4:52 PM

Panama Canal, consortium make new proposals to rescue expansion

PANAMA CITY/MADRID: The companies working to widen the Panama Canal and the waterway's administrator on Friday each made new proposals aimed at reviving the multibillion dollar project, after talks broke down this week amid a cost spat and work ground to a halt.

Business 10 Feb 2014 | 12:00 AM

Proposals to revive Panama Canal project

PANAMA CITY: The companies working to widen the Panama Canal and the waterway’s administrator on Friday each made new proposals aimed at reviving the multi-billion dollar project, after talks broke down last week amid a cost spat and work ground to a halt

Property 16 Apr 2013 | 12:00 AM

Dijaya Corp's RM1.3b Canal City site purchase 'favourable'

Dijaya Corp Bhd's acquisition of the 1,172 acres of land in Canal City for RM1.3bil is “favourable” due to its "cheap" price tag and payment terms which bodes well for its balance sheet, UOB KayHian Malaysia Research says.

Business 13 Aug 2014 | 11:14 AM

A century of hard work on the Panama Canal

PANAMA CITY: From painter Paul Gauguin's illness-ridden misadventure in the Central American rainforest to tugboat captain Eileen Vinueza's purple nail polish and sneakers, working on the Panama Canal has changed considerably in the past century.

Business 27 Jul 2009 | 12:00 AM

Suez Canal revenues drop by 7.2% on global crisis

CAIRO: Revenues from Egypt's Suez Canal have dropped this year by 7.2 percent to US$4.72 billion as a result of the global financial meltdown and piracy, the canal authority chief said Sunday.

Business 29 Oct 2013 | 8:38 AM

Vivendi and Lagardere agree 1 billion Euro Canal+ Buyout

PARIS: Vivendi has reached an agreement to buy out partner Lagardere's 20 percent stake in pay-television operator Canal+ France for 1.02 billion euros ($1.41 billion), the companies said on Monday.

World 09 Mar 2013 | 12:00 AM

Egypt protesters torch buildings, try to target Suez Canal

PORT SAID, Egypt/CAIRO (Reuters) - Egyptian protesters torched buildings in Cairo and tried unsuccessfully to disrupt international shipping on the Suez Canal, as a court ruling on a deadly football riot stoked rage in a country beset by worsening security.

Business 09 Jan 2014 | 6:52 AM

Panama Canal refuses to pay US$1bil more for expansion work

PANAMA CITY: The Panama Canal on Wednesday rejected a proposal that it pay $1 billion to continue work on expanding the waterway, and warned the building consortium behind the project that it could bring in others to finish the job.

Business 09 May 2003 | 12:00 AM

Newly launched Canal Gardens to rake in RM250m sales

Hicom Gamuda Development Sdn Bhd is looking at sales of RM250mil from its newly launched I>Canal Gardens/Igated terraced housing project in its award winning Kota Kemuning township in Shah Alam.

Business 15 Oct 2008 | 12:00 AM

Panama draws US$2.3b loan to expand canal

PANAMA CITY (AP) - Panama is set to receive US$2.3 billion in loana to expand the Panama Canal, nearly half the money it needs to complete the seven-year project, the canal's administrator said Tuesday.