KUALA LUMPUR: Progress Energy Canada Ltd, Pacific NorthWest LNG Ltd and Petronas have agreed to sell a 10 per cent interest in Progress Energy Canada's natural gas facility in Northeast, British Columbia, and in the proposed Pacific NorthWest liquefied natural gas (LNG) export facility on Canada's West coast, to Japex Montney Ltd....
KUALA LUMPUR: The International Monetary Fund (IMF) has ranked Malaysia highly among developing countries for showing institutional strength which covers areas such as political stability and better bureaucracy.The index measuring institutional strength ranges from zero to 100 with a higher score indicating strong political stability, better bureaucracy, fewer conflicts and less corruption....
KUALA LUMPUR: Malaysia is on track to achieve gross domestic product (GDP) growth of five to six per cent this year driven by strong domestic demand and investment inflows despite the current slowdown in China.Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz said the central bank had already included the...
KUALA LUMPUR: Kuala Lumpur International Airport (KLIA) recently won the World's Best Airport Immigration Service award at the 2013 Skytrax World Airport Awards held in conjunction with the passenger terminal expo in Geneva.Malaysia Airports Holdings Berhad (MAHB) senior general manager of operations services Datuk Azmi Murad said KLIA has been consistently voted the best for staff services excellence since 2010 and this was its second win in the same category....
KEMAMAN -- The Kemaman parliamentary constituency is expected to attract RM15 billion in investment in the steel industry, that will create 5,000 job opportunities, next month. Terengganu Menteri Besar Datuk Seri Ahmad Said the investment involved the cooperation between the Terengganu state government and a company from China....
GEORGE TOWN -- The Penang Barisan Nasional's (BN) manifesto promising to set up an international offshore financial centre (IOFC)in Seberang Perai is realistic to diversify the economic sector in the state which is now focused on the manufacturing industry, an economist said today. RAM Holdings Bhd chief economist Dr Yeah Kim Leng said today the...
KUALA LUMPUR: The controversial National Feedlot Centre project will be taken over by Kirimitonas Agro and is fully committed in repaying the RM216 million loan provided by the government. NST...
KUALA LUMPUR-- Petronas Dagangan Bhd (PDB) has allocated about RM700 million for capital expenditure (capex) this year, to better position itself to execute strategies for its retail, commercial, liquefied petroleum gas and lubricant segments, including its regional businesses. Chairman Datuk Wan Zulkiflee Wan Ariffin said about RM400 million would be for the retail business....
KUALA LUMPUR: Malaysian investors rank the highest in Asean for their strong affinity towards mutual funds or unit trust fund investments, according to the Manulife Investor Sentiment Index (Manulife ISI).The survey between mid-December last year and late January 2013, also showed that the financial priority of most Malaysian investors was to save for a rainy day, while that of their regional counterparts was to save for retirement....
KUALA LUMPUR : 1Malaysia Development Berhad (1MDB) firmly states that the US$2.318 billion as stated in its audited accounts is safe.1MDB stated in a press release that these are proceeds and profits originating from its initial 1MDB-PetroSaudi International joint venture. "This fact is clearly reported in the company’s audited account...
