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Petronas floating LNG2 to commission in 2018

Petronas floating LNG2 to commission in 2018

PETALING JAYA: Petroliam Nasional Bhd (Petronas) has officially started the construction of its Floating LNG2 (PFLNG2) with the keel laying of its second floating liquefaction plant in Geoje Island, South Korea on October 28. In a statement last Friday, Petronas said the second floating LNG facility will enable the liquefaction, production and offloading processing of […]

November 8, 2015 | By | Reply More
PPB awards RM27m contract

PPB awards RM27m contract

PETALING JAYA: PPB Group Bhd’s sub-subsidiary FFM Grains & Mills Sdn Bhd (FGM) has awarded a RM26.68 million contract to build a 500 tonne per day flour mill at its existing plant in Pasir Gudang, Johor to Minsec Engineering Services Sdn Bhd (MES). “The contract for the mill construction was awarded based on an open […]

November 8, 2015 | By | Reply More
BLand project achieves 45% sales

BLand project achieves 45% sales

GEORGE TOWN: Berjaya Land Bhd (BLand) has sold more than 45% of the first parcel of its Jesselton Villas development in Penang, since the official launch in May last year. “This is a good response,” senior project manager Victor Leong Guan Yeonghe said when met after a tai-chi session at the project site, which sits […]

November 8, 2015 | By | Reply More
Takaful Malaysia Q3 net profit grew 3.4%

Takaful Malaysia Q3 net profit grew 3.4%

PETALING JAYA: Syarikat Takaful Malaysia Bhd, the country’s pioneer Islamic insurer, net profit for the third quarter ended Sep 30, 2015 grew 3.43% to RM34.4 million from RM33.26 million in the previous corresponding quarter. Revenue for the quarter however declined 1.3% to RM389.24 million, compared with RM394.32 million previously. In a filing with Bursa Malaysia […]

November 8, 2015 | By | Reply More
Damansara Realty, Johor Tin issued UMA query

Damansara Realty, Johor Tin issued UMA query

PETALING JAYA: Damansara Realty Bhd and Johore Tin Bhd have been issued unusual market activity (UMA) query by Bursa Malaysia Securities Bhd lastvFriday. The queries were issued to Damansara Realty on the sharp rise in its share price last Friday, and Johore Tin on the unusual rise in price of its securities recently. Damansara Realty […]

November 8, 2015 | By | Reply More
Damansara Realty, Johor Tin issued UMA query

Damansara Realty, Johor Tin issued UMA query

PETALING JAYA: Damansara Realty Bhd and Johore Tin Bhd have been issued unusual market activity (UMA) query by Bursa Malaysia Securities Bhd last Friday. The queries were issued to Damansara Realty on the sharp rise in its share price last Friday, and Johore Tin on the unusual rise in price of its securities recently. Damansara […]

November 8, 2015 | By | Reply More
Badlisyah: Islamic finance to continue strong growth

Badlisyah: Islamic finance to continue strong growth

KUALA LUMPUR: Malaysia’s Islamic finance industry will continue to grow strongly despite the withdrawal of some Islamic finance-related incentives in Budget 2016. Chartered Institute of Islamic Finance Professionals (CIIF) president Badlisyah Abdul Ghani said the country’s Islamic financing market has grown positively over the years, attributed to the tax incentives provided for Islamic financing in […]

November 8, 2015 | By | Reply More
‘Labour disputes may be open to abuse’

‘Labour disputes may be open to abuse’

KUALA LUMPUR: The labour chapter under the Trans-Pacific Partnership Agreement (TPPA) will open up Malaysia’s industrial court system to abuse, said Bantah TPPA. Parti Sosialis Malaysia treasurer and coordinator of Bantah TPPA Sivarajan Arumugam said certain provisions have been inserted into the labour chapter, for example Article 19.12, which allows investors to take the legal […]

November 8, 2015 | By | Reply More
Support TPP deal, says AmCham

Support TPP deal, says AmCham

PETALING JAYA: The American Malaysian Chamber of Commerce (AmCham) has urged stakeholders in Malaysia to support the Trans-Pacific Partnership (TPP) agreement and to continue efforts to build a strong foundation for the country’s economy. “By promoting greater participation among Malaysian companies in the global supply chain, Malaysia’s critical sectors stand to benefit from the TPP […]

November 8, 2015 | By | Reply More
TPPA has no impact on monetary policy

TPPA has no impact on monetary policy

PETALING JAYA: While the 12 members of the Trans-Pacific Partnership Agreement (TPPA) have pledged not to deliberately weaken their currencies to win an export edge, analysts opined that this will not tie Malaysia’s hands in conducting monetary policy. Hong Leong Investment Bank (HLIB) Research economist Sia Ket Ee believes that each country will be able […]

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