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Khazanah: We’re still studying TPPA text

Khazanah: We’re still studying TPPA text

KUALA LUMPUR: Khazanah Nasional Bhd needs more time to study the full text of the Trans-Pacific Partnership Agreement (TPPA) before a conclusion on its impact is made. “We’re still studying, it’s premature for us to make any statement,” Khazanah managing director Tan Sri Azman Mokhtar told reporters after the Malaysian Institute of Certified Public Accountants’ […]

November 12, 2015 | By | Reply More
Defend tobacco carve-out proposal, Miti told

Defend tobacco carve-out proposal, Miti told

KUALA LUMPUR: The Ministry of International Trade and Industry (Miti) must defend the government’s proposal to exclude tobacco from the Trans-Pacific Partnership Agreement (TPPA), said the Malaysian Council for Tobacco Control (MCTC). MCTC president Dr Molly Cheah said the agreement, going by the final TPPA text released on Nov 5, may not offer full protection […]

November 12, 2015 | By | Reply More
Spring Gallery inks second MCA deal with JV Muhibbah

Spring Gallery inks second MCA deal with JV Muhibbah

KUALA LUMPUR: Spring Gallery Bhd (SGB), a leading player in the ceramics and pottery industry through its unit, Profit Sunland Sdn Bhd(PSSB), has entered into a second managing contractor agreement (2nd MCA) worth RM147 million with JV Muhibbah Sdn Bhd. SGB said the agreement entails the development of a 31,850 sq mt-land in the Kemaman […]

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Ho Wah Genting to repay US dollar debts

Ho Wah Genting to repay US dollar debts

KUALA LUMPUR: Loss-making group Ho Wah Genting Bhd intends to repay its high interest debts denominated largely in US dollars as soon as possible, to reduce the debt burden that had affected the group’s bottomline. As at Dec 31, 2014, its bank borrowings stood at RM47.52 million, with a gearing of 0.87 times. Executive chairman […]

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Bursa Malaysia Derivatives, DCE ink R&D deal

Bursa Malaysia Derivatives, DCE ink R&D deal

PETALING JAYA: Bursa Malaysia Derivatives Bhd and Dalian Commodity Exchange (DCE) have signed an agreement to further discuss and explore deepening product research and other opportunities for cooperation, which will facilitate the implementation of the ‘One Belt and One Road’ strategy for the Chinese government. The agreement was signed on the sidelines of the 10th […]

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StanChart Research see 4.8% Q3 GDP growth

StanChart Research see 4.8% Q3 GDP growth

PETALING JAYA: Standard Chartered Global Research expects Malaysia’s gross domestic product (GDP) growth to remain stable for the third quarter, albeit slowing slightly to 4.8% from 4.9% in the second quarter. Bank Negara is due release the third-quarter GDP figures today. The research house said growth is likely to be supported by the services sector, […]

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WCT bags RM315.6 million Petronas EPCC job

WCT bags RM315.6 million Petronas EPCC job

PETALING JAYA: WCT Holdings Bhd has clinched a RM315.56 million contract from Petroliam Nasional Berhad (Petronas) for the engineering, procurement, construction and commissioning (EPCC) of substations, field auxiliary rooms, operator shelter building and local control building. In a filing with the stock exchange, WCT said the scope of works for the contract includes earthworks, environmental […]

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Instacom awarded three contracts worth RM259m

Instacom awarded three contracts worth RM259m

PETALING JAYA: Instacom Group Bhd has bagged three contracts with a total value of RM259.29 million. In a filing with the stock exchange, Instacom said it had on Nov 12 received the award from CRCC Malaysia Bhd, for construction works of a second package mixed commercial development known as 1Gateway in Klang for RM195.53 million. […]

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Blackstone to buy about US$3 billion in property fund stakes from Calpers

Blackstone to buy about US$3 billion in property fund stakes from Calpers

REUTERS: Blackstone Group LP, the world’s largest alternative asset manager, has agreed to buy about US$3 billion worth of stakes in real estate funds from Californian public pension fund Calpers, a boost to its so-called secondaries business. The deal, the largest of its kind, would allow the California Public Employees’ Retirement System to sell 43 […]

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Oil tumbles again as US stockpiles increase

Oil tumbles again as US stockpiles increase

NEW YORK: Oil prices sank on Thursday (Nov 12) after the US government reported a big jump in US crude oil inventories, reinforcing worries about the long-running global oversupply. After falling more than US$1 Wednesday, US benchmark West Texas Intermediate for delivery in December dropped US$1.18, or 2.7 per cent, to $41.75 a barrel on the New […]

November 12, 2015 | By | Reply More