Fri, 30 Sep 2016 21:17:38 +08:00KUALA LUMPUR: Gas Malaysia Bhd has proposed an Islamic commercial papers (ICPs) programme of up to RM700mil and an Islamic medium term notes (IMTNs) programme of up to RM700mil.
Fri, 30 Sep 2016 20:51:26 +08:00KUALA LUMPUR/MILAN: Petroliam Nasional Bhd (Petronas) is considering selling its majority stake in a C$36bil (RM113.4bil) Canadian liquefied natural gas (LNG) plant, three people familiar with the matter said this week.Sources say Petronas has been considering a sale for months. - Reuters pic
Fri, 30 Sep 2016 20:25:48 +08:00KUALA LUMPUR: The Employees Provident Fund (EPF) will revise upwards the Basic Savings quantum -- the minimum target savings that its members should have when they reach 55 -- from RM196,800 to RM228,000 effective Jan 1, 2017.EPF has decided to make the revision in view of the escalating cost of living, longer life expectancy and higher inflation rate.
Fri, 30 Sep 2016 19:33:55 +08:00KUALA LUMPUR: MISC Bhd’s unit Gumusut-Kakap Semi-Floating Production System (L) Ltd (GKL) has begun arbitration proceedings against Sabah Shell Petroleum Co Ltd (SSPC) to seek, among others, US$245mil (RM1.01bil) and applicable interest. MISC Bhd’s Gumusut Kakap Semi-Submersible Floating Production System is currently in a 25-year lease to Sabah Shell Petroleum Co starting 2014.
Fri, 30 Sep 2016 18:12:34 +08:00KUALA LUMPUR: Blue chips ended the third quarter on a downbeat note on Friday as the FBM KLCI fell more than 17 points as market sentiment in Europe and Asia was buffetted by worries about Germany's Deutsche Bank and a confluence of negative news.
Fri, 30 Sep 2016 17:56:23 +08:00PETALING JAYA: Malaysian Rating Corporation Bhd (MARC) was named the Best Islamic Rating Agency 2016 in the Global Islamic Finance Awards (GIFA) held in Jakarta recently. The prestigious GIFA Awards, now in their sixth year, celebrate the contributions of institutions and individuals towards the development of the Islamic banking and finance industry.Razlan says it is a great honour to be recognised again by GIFA for the quality of MARC’s credit ratings and research.
Fri, 30 Sep 2016 15:58:22 +08:00Top foreign and local stories at 4pm
Fri, 30 Sep 2016 15:54:16 +08:00BEIJING: China's factory activity expanded in September as domestic and export orders picked up but the improvement was marginal and manufacturers continued to shed jobs, a private business survey showed on Friday.
Fri, 30 Sep 2016 15:50:38 +08:00KUALA LUMPUR: Blue chips fell more than 10 points in late Friday afternoon trade, bogged down by weaker manufacturing data, a bomb threat and mostly due to the weaker key Asian markets.
Fri, 30 Sep 2016 15:44:47 +08:00KUALA LUMPUR: Sony has launched its first flagship smartphones of the X series, the Xperia XZ and Xperia X Compact, in Malaysia, with the camera being the major focus point.