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Malaysia pledges to cut oil production by 20,000 barrels per day

Malaysia pledges to cut oil production by 20,000 barrels per day

KUALA LUMPUR: Malaysia has pledged to cut its oil production by 20,000 barrels per day following a decision by the Organisation of the Petroleum Exporting Countries (OPEC).

May 26, 2017 | By | Reply More
Singapore’s BOC Aviation orders six Airbus jets worth US$1.05 billion

Singapore’s BOC Aviation orders six Airbus jets worth US$1.05 billion

The order comprises four planes from the A320 NEO family and two Airbus A330-900 aircraft, the leasing company said in a statement. SINGAPORE: Singapore-based aircraft leasing firm BOC Aviation said Friday it has ordered six new Airbus planes worth around $1.05 billion. The order comprises four planes from the A320 NEO family and two Airbus […]

May 26, 2017 | By | Reply More
Fernandes: No merger talks with AirAsia X

Fernandes: No merger talks with AirAsia X

KUALA LUMPUR: There have been no merger talks between AirAsia Bhd and AirAsia X Bhd, says AirAsia group chief executive officer Tan Sri Tony Fernandes, denying a news report that the two firms may merge and become one entity.

May 26, 2017 | By | Reply More
Boosting small and medium cap liquidity

Boosting small and medium cap liquidity

KUALA LUMPUR: Government-linked investment companies (GLICs) are to allocate up to RM3 billion for investment in small and medium public-listed entities on Bursa Malaysia to boost liquidity and investors’ interest, says Second Finance Minister Datuk Seri Johari Abdul Ghani.

May 26, 2017 | By | Reply More
Boosting small and medium cap liquidity

Boosting small and medium cap liquidity

KUALA LUMPUR: Government-linked investment companies (GLICs) are to allocate up to RM3 billion for investment in small and medium public-listed entities on Bursa Malaysia to boost liquidity and investors’ interest, says Second Finance Minister Datuk Seri Johari Abdul Ghani.

May 26, 2017 | By | Reply More
Ready, set, Grab!

Ready, set, Grab!

AHEAD of its fifth anniversary, Grab marks another milestone as the first ride-hailing service to sponsor the upcoming 29th SEA Games and 9th Asean Para Games, collectively known as Kuala Lumpur 2017 (KL2017). COMMITMENT AND SUPPORT As the gold sponsor, Grab holds the title of “Official Ride Hailing Partner” and will cater to the 7,000 […]

May 26, 2017 | By | Reply More
Commodity currencies nurse losses after oil slumps; pound falters

Commodity currencies nurse losses after oil slumps; pound falters

The weakness in commodity currencies gave some respite to the US dollar, which has been on the defensive after the Federal Reserve’s minutes of the May policy meeting released on Wednesday. FRANKFURT: Commodity currencies got off to a shaky start on Friday, having tracked oil prices lower, after a meeting of OPEC countries disappointed some […]

May 26, 2017 | By | Reply More
With major deal frozen, EU, US look to cooperate on trade

With major deal frozen, EU, US look to cooperate on trade

Tusk said in a televised statement after the joint meeting with Trump that trade was one of the issues that remained “open”. BRUSSELS: The European Union and the United States have agreed to seek to increase trade cooperation, EU executive chief Jean-Claude Juncker said on Thursday, as a major free trade deal now looks a […]

May 26, 2017 | By | Reply More
Oil remains weak after OPEC-led output cut extension falls below expectations

Oil remains weak after OPEC-led output cut extension falls below expectations

Barclays said the ongoing production cut would result in a drawdown of bloated fuel inventories, but added that OPEC’s goal of bringing stocks down to their five-year average would not be reached within the timeframe of the production cut. SINGAPORE: Oil markets remained weak on Friday after tumbling in the previous session when OPEC and […]

May 26, 2017 | By | Reply More
Icon Offshore confident of riding out the storm

Icon Offshore confident of riding out the storm

KUALA LUMPUR: Icon Offshore Bhd, fresh from the aborted merger with UMW Oil & Gas Corp Bhd and Orkim Sdn Bhd, stressed that it has a game plan that will enable it to ride out the storm and transform its future. Icon managing director Amir Hamzah Azizan said it is even comfortable on the basis […]

May 26, 2017 | By | Reply More