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Category: Economic

KLSE News: 27 Feb 2015 – CIMB Group Holdings Bhd plans to cut about 50 jobs in Asia to trim costs…

CIMB Group Holdings Bhd plans to cut about 50 jobs in Asia to trim costs, people familiar with the matter said. The reductions involve mostly equities-related positions in places including Hong Kong, Taiwan, India and South Korea, the people said, asking not to be named as the plan wasn’t public. (Bloomberg) CIMB Group Holdings Bhd […]

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KLSE News: 26 Feb 2015 – The Cabinet has decided to allow the Immigration Department counters…

The Cabinet has decided to allow the Immigration Department counters for foreign workers permit to be opened beyond Feb28. Transport Minister Datuk Seri Liow said the decision to keep the counters open has been agreed at the weekly Cabinet meeting yesterday. The counters will remain open until a more comprehensive plan to resolve the issue […]

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KLSE News: 25 Feb 2015 – Dialog Group’s risk service contract (RSC) for the Balai cluster marginal oilfield project could be facing a setback…

Dialog Group’s risk service contract (RSC) for the Balai cluster marginal oilfield project could be facing a setback as Petronas will likely postpone the project’s second phase until crude oil prices go back to at least US$80/barrel, said industry sources. “The delay could go on until 2016. Petronas expects that is when crude oil prices […]

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KLSE News: 24 Feb 2015 – MISC said on Monday Petronas, which is its major shareholder, had undertaken the novation agreement…

MISC said on Monday Petronas, which is its major shareholder, had undertaken the novation agreement for the construction and delivery of the newbuild of five LNG carriers. Under the terms, MISC would be bound by the novation agreement and time charter. “The newbuild LNG carriers are expected to be delivered to MISC from September 2016 […]

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KLSE News: 23 Feb 2015 – MSM Malaysia has decided to go solo without its Dubai-based partner…

MSM Malaysia has decided to go solo without its Dubai-based partner Al-Khaleej International Ltd in the development of its almost RM1bn one-stop sugar refinery hub in Tanjung Langsat, Johor. Talks on moving the operations of low-cost carrier AirAsia to Terminal 1 of the Kota Kinabalu International Airport (KKIA) here are in the final stage, said […]

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KLSE News: 16 Feb 2015 – More news for FGV…

Felda Global Ventures Holdings Bhd (FGV), whose market capitalisation is now almost half of what it was at its initial public offering (IPO) in 2012, is poised for a change in its top leadership.  Tan Sri Ismee Ismail is expected to replace FGV’s current group president and CEO Dr Mohammed Emir Mavani Abdullah, whose […]

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KLSE News: 13 Feb 2015 – DiGi.Com Bhd today announced that it has appointed its current chief operating officer

DiGi.Com Bhd today announced that it has appointed its current chief operating officer (COO) Albern Murty as the company’s new chief executive officer (CEO), effective April 1, 2015. Murty will replace current CEO Lars-Åke Norling, who will assume the role as CEO of dtac (Total Access Communication PCL), Telenor Group’s business unit in Thailand. Murty […]

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KLSE News: 12 Feb 2015 – Tenaga Nasional Bhd’s (TNB) move to reduce electricity tariffs is consistent with the government’s aspirations…

Tenaga Nasional Bhd’s (TNB) move to reduce electricity tariffs is consistent with the government’s aspirations and in accordance with international rates, said Minister of International Trade and Industry Datuk Seri Mustapa Mohamed. Mustapa applauded the reduction in electricity tariffs, saying it willd reduce the cost of doing business. TNB has announced a reduction in electricity […]

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KLSE News: 11 Feb 2015 – Palm oil exports from Malaysia, the world’s biggest producer after Indonesia, slumped…

Palm oil exports from Malaysia, the world’s biggest producer after Indonesia, slumped the most in seven years in January as a plunge in energy prices and record global oilseed supply cut demand. Sales decreased 22% to 1.18m metric tons from a month earlier, the Malaysia Palm Oil Board said. That’s the biggest drop since January […]

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