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Oman Air flew 47% more passengers in 2016

Oman Air flew 47% more passengers in 2016

KUALA LUMPUR: Oman Air, which saw a 47% growth passenger numbers out of Kuala Lumpur last year from 2015, is targeting 10 to 10½ million flyers from all its routes this year amid the Qatar crisis. Oman Air carried 90,000 passengers in 2015 and in 2016 it carried 132,000. “Obviously we want more Malaysians flying […]

July 20, 2017 | By | Reply More
PTP to sue Rising Star for oil spill in 2016

PTP to sue Rising Star for oil spill in 2016

PETALING JAYA: MMC Corp Bhd’s 70% owned subsidiary Port of Tanjung Pelepas is suing Rising Star Shipping Sdn Bhd (RSS) and The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) Singapore Branch for RM31.86 million and interest, for an oil spill at its premises, which happened almost a year ago. In a filing with the local […]

July 20, 2017 | By | Reply More
VS Industry subscribes for rights shares in HK unit

VS Industry subscribes for rights shares in HK unit

PETALING JAYA: V.S. Industry Bhd plans to take up a 43.49%, or 200 million of the rights shares to be issued by V.S. International Group Limited (VSIG) at HK$0.23 (RM0.13) for RM25.2 million. The subscription will be funded via bank borrowings. Trading in VS Industry’s shares, which were halted for an hour pending the announcement […]

July 20, 2017 | By | Reply More
Tien Wah follows BAT lead

Tien Wah follows BAT lead

PETALING JAYA: Tien Wah Press Holdings Bhd is closing down its 57-year -old printing business in Petaling Jaya following the exit of its major customer British American Tobacco (Malaysia) Bhd (BAT) last year. A total of 237 employees will be made redundant with the winding down of its factory operations here. Tien Wah told Bursa […]

July 20, 2017 | By | Reply More
Nam Cheong says it is halting debt repayments

Nam Cheong says it is halting debt repayments

SINGAPORE: Nam Cheong Ltd, which makes offshore support vessels, said it has temporarily stopped repayment of all borrowings and begun discussions with lenders to restructure its bank facilities. Low oil prices, weak charter rates and delays to projects have hit the performance of Nam Cheong and other Singapore-listed companies in the offshore and marine sector, […]

July 20, 2017 | By | Reply More
LLPM in the dark over Labuan port tender

LLPM in the dark over Labuan port tender

LABUAN: The Labuan Port’s long-serving operator Labuan Liberty Port Management Sdn Bhd (LLPM) is puzzled and unaware of the decision made by the Labuan Port Authority (LPA) to tender the terminal management and operations. LLPM, when contacted, said it was not consulted before the tender was put out, and felt it had been unfairly treated […]

July 20, 2017 | By | Reply More
Turiya sells 2.08% stake in Academic Medical Centre

Turiya sells 2.08% stake in Academic Medical Centre

PETALING JAYA: Turiya Bhd is disposing of a 2.08% stake in Academic Medical Centre Sdn Bhd (AMC) for RM12.5 million. The company said in a filing with the stock exchange that it had entered into a share sale and purchase agreement with Chase Perdana Sdn Bhd for the disposal. Following the proposed disposal, AMC will […]

July 20, 2017 | By | Reply More
CME requests early payment for Kuantan project

CME requests early payment for Kuantan project

PETALING JAYA: CME Group Bhd has entered into a supplemental agreement (SA) with developer Tanah Mestika Sdn Bhd to vary the terms of a joint venture agreement (JVA) dated Feb 10, 2015 for a mixed development on a 1.47 acres leasehold land in Kuantan, Pahang. Land owner CME has requested from Tanah Mestika for an […]

July 20, 2017 | By | Reply More
Sinmah proposes rights issue to raise RM15m

Sinmah proposes rights issue to raise RM15m

PETALING JAYA: Sinmah Capital Bhd has proposed a renounceable rights issue to raise minimum proceeds of RM15.27 million based on the indicative issue price of 20 sen per rights share. It will issue up to 222.12 million new shares in Sinmah on the basis of five rights shares for every two existing shares, together with […]

July 20, 2017 | By | Reply More
Bina Darulaman launches two projects in Kedah with RM2.6 billion GDV

Bina Darulaman launches two projects in Kedah with RM2.6 billion GDV

PETALING JAYA: Bina Darulaman Bhd (BDB) has launched two integrated township projects in Kedah with an estimated combined gross development value of RM2.6 billion. The projects, dubbed Darulaman Saujana in Jitra and Darulaman Putra in Sungai Petani, are expected to be completed in 10 years. The group said these integrated townships will add a vibrancy […]

July 20, 2017 | By | Reply More