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Category: Economic

KLSE News: 18 Apr 2014 – Pengurusan Asset Air Bhd (PAAB), the national water asset management company…

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Pengurusan Asset Air Bhd (PAAB), the national water asset management company, has awarded the Langat 2 water treatment plant (WTP) contract worth RM994m to a JV company comprising Salcon (36%), MMC Corp (34%) and Ahmad Zaki Resources (30%). This is phase one of the project, with a total processing capacity of 1,130 MLD. (Star) Felda […]

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KLSE News: 17 Apr 2014 – Petronas Dagangan Bhd (PetDag), the retail arm of national oil company…

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Petronas Dagangan Bhd (PetDag), the retail arm of national oil company Petroliam Nasional Bhd, has allocated RM200m in capital expenditure (capex) over the next three years mainly to beef up its cooking gas distribution operations in the Philippines. Chairman Datuk Wan Zulkiflee Wan Ariffin said: “We intend to invest in more assets there to make […]

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KLSE News: 16 Apr 2014 – Top Glove Corp Bhd and Supermax Corp Bhd, two of the world’s biggest rubber-glove manufacturers…

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Top Glove Corp Bhd and Supermax Corp Bhd, two of the world’s biggest rubber-glove manufacturers, said a prolonged water supply rationing in Selangor will raise costs and disrupt production. Water is essential to its operations and rationing may increase costs by RM10m a year, Top Glove chairman Lim Wee chai said in an emailed response […]

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KLSE News: 15 Apr 2014 – Tenaga Nasional said it had signed a power purchase pact with 1Malaysia Development

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Tenaga Nasional said it had signed a power purchase pact with 1Malaysia Development on the construction a solar power plant. The agreement entails the state investor’s unit 1MDB Solar Sdn Bhd to design, construct, own, operate and maintain a 50 megawatts solar photovoltaic energy facility in Kedah, Tenaga said in a press statement. “The power […]

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KLSE News: 14 Apr 2014 – The government has approved Gas Malaysia Bhd’s natural gas tariff…

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The government has approved Gas Malaysia Bhd’s natural gas tariff revision for non-power sector in Peninsular Malaysia at an average of RM3.25, effective 1 May 2014. Gas Malaysia said based on the revised natural gas tariff, there would be no changes to the selling price for residential and retail commercial segments that consumed less than […]

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KLSE News: 11 Apr 2014 – Palm oil stocks in Malaysia increased 1.86% to 1.69m tonnes in March 2014…

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Palm oil stocks in Malaysia increased 1.86% to 1.69m tonnes in March 2014 from 1.66mn tonnes in February, the Malaysian Palm Oil Board (MPOB) said. MPOB also said crude palm oil (CPO) stocks declined 6.17% to 866,008 tonnes last month, while processed palm oil increased 11.96%t to 821,701 tonnes. CPO production in March rose 17.35% […]

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KLSE News: 10 Apr 2014 – Petronas Chemicals Group Bhd (PCG) and BASF Nederland BV have agreed to invest RM1.5bn…

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Petronas Chemicals Group Bhd (PCG) and BASF Nederland BV have agreed to invest RM1.5bn in an integrated aroma ingredients complex in Gebeng, Kuantan. They received the green light from the board of the joint-venture company BASF-Petronas Chemicals Sdn Bhd (BPC). BASF Nederland BV is a totally-owned subsidiary of German chemicals maker BASF SE in Ludwigshafen, […]

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KLSE News: 9 Apr 2014 – Malayan Banking Bhd (Maybank), which saw encouraging loan growth in Greater China last year…

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Malayan Banking Bhd (Maybank), which saw encouraging loan growth in Greater China last year, plans to open more branches in the country ―soonest possible‖. Group president and chief executive officer Datuk Abdul Farid Alias said Maybank is in talks with the China Banking Regulatory Commission (CBRC) over its expansion plan. The search for missing Malaysian […]

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KLSE News: 8 Apr 2014 – The Federal Government, citing national interest, has agreed to invoke Section 114…

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The Federal Government, citing national interest, has agreed to invoke Section 114 of the Water Services Industry Act 2006 (WSIA) to assume control of all four water concession companies and a water licensee in Selangor. The decision, made by the Cabinet, was to ensure the security and sustainability of water supply, said Energy, Green Technology […]

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KLSE News: 7 Apr 2014 – SapuraKencana is building its capabilities in the drilling and energy & JV businesses…

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SapuraKencana is building its capabilities in the drilling and energy & JV businesses following the Seadrill and Newfield acquisitions, said president and CEO Tan Sri Shahril Shamsuddin. Supported by an expanded fleet of rigs, SapuraKencana recently secured US$454m drilling contracts in Congo, Angola, Brunei and Thailand. Meanwhile, the company is looking at more risk service […]

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KLSE News: 4 Apr 2014 – The Petronas board of directors has approved the final investment decision…

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The Petronas board of directors has approved the final investment decision (FID) for the development of the Pengerang Integrated Complex (PIC) in Southern Johor, Malaysia. The FID marks a significant milestone in the progress of the proposed PIC, which comprises a world scale Refinery and Petrochemical Integrated Development (RAPID) and other associated facilities. RAPID is […]

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KLSE News: 3 Apr 2014 – Perisai Petroleum has fixed the price of its 108.42m placement shares…

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Perisai Petroleum has fixed the price of its 108.42m placement shares at RM1.53 each, raising some RM165.88m. (Star) Felda Global Ventures Holdings Bhd (FGVH) is looking to expand its plantation landbank in Sabah and is in talks with estate owners, said its group president and CEO Mohd Emir Mavani Abdullah. “We want to grow our […]

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KLSE News: 2 Apr 2014 – All AirAsia and AirAsia X operations will still be based at the current Low-Cost Carrier Terminal…

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All AirAsia and AirAsia X operations will still be based at the current Low-Cost Carrier Terminal (LCCT) even after May 9, 2014, said said AirAsia Bhd CEO, Aireen Omar. AirAsia Bhd has signed an agreement worth US$33.54m (RM109m) with Tune Box Avionics Sdn Bhd for the sale of inflight entertainment and connectivity solutions. Under the […]

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KLSE News: 1 Apr 2014 – JT International (JTI) had received a conditional takeover offer from JT International Holding…

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JT International (JTI) had received a conditional takeover offer from JT International Holding BV (JTIH), a wholly-owned subsidiary of Japan Tobacco Inc, to acquire the remaining 39.6% stake or 103.6m shares it does not already own in JTI at RM7.80/share, a 20% premium to its pre-suspension price of RM6.50. JTIH currently holds 60.4% of the […]

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KLSE News: 31 Mar 2014 – Asia File Corp Bhd is focusing on growing its market in continental Europe…

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Asia File Corp Bhd is focusing on growing its market in continental Europe. Executive chairman Michael Lim Soon Huat says there were two European manufacturing companies that have piqued Asia File’s interest but any decision to acquire more companies will fall back on synergistic potential.“We are still looking at more acquisitions and there is one […]

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