Saturday, December 16th, 2017

 

Scientex to buy Pulai land for mixed property development

KUALA LUMPUR (Dec 15): Scientex Bhd is buying a 335.5686-acre piece of freehold land in Pulai, Johor for RM284.19 million cash, which it hopes to…


Sunway sets up RM5b sukuk programme

KUALA LUMPUR (Dec 15): Sunway Bhd will set up a RM5 billion perpetual Islamic medium term note (IMTN) programme to finance its investment activities, capital…


Egypt says Eni’s giant Zohr gas field starts first production

CAIRO, Dec 16 — Egypt’s Eni SpA-operated Zohr natural gas field has started production, bringing the country closer to its goal of energy self-sufficiency. Gas from the Mediterranean’s largest offshore field is pumped to a facility in Port…


REDtone, Indonesian firm call off partnership as MoU expires

KUALA LUMPUR (Dec 15): REDtone International Bhd has aborted plans to jointly explore business opportunities with PT Sigma Cipta Caraka TelkomSigma to offer managed information…


Brexit marathon clears first milestone with hard yards ahead (VIDEO)

BRUSSELS, Dec 16 — The first phase of Brexit talks is done. Now comes the hard part. UK Prime Minister Theresa May has secured agreement from the European Union to move on from discussing the divorce terms to mapping out a plan for the future…


UK looking at distinct trade deal with EU, says finance minister

BEIJING, Dec 16 — British finance minister Philip Hammond said today it is likely Britain will want to negotiate a bespoke arrangement for a future trade deal with the European Union, rather than copying existing arrangements like the Canada-EU…


Britain looking at distinct trade deal with EU -finance minister

BEIJING, Dec 16 — British finance minister Philip Hammond said today it is likely Britain will want to negotiate a bespoke arrangement for a future trade deal with the European Union, rather than copying existing arrangements like the Canada-EU…


Gamuda 1QFY18 net profit up 25%, declares 6 sen dividend

KUALA LUMPUR (Dec 15): Higher work progress by Gamuda Bhd’s construction division lifted the group’s net profit for the first financial quarter ended Oct 31,…


Press Metal success ‘fruit of the last few years’ – CEO

KUALA LUMPUR (Dec 15): Press Metal Aluminium Holdings Bhd’s achievement today is the “fruit of the last few years” as the aluminium smelter and extruder…


‘Nobody cares about gold’ as hedge funds seek thrills elsewhere

NEW YORK, Dec 16 — Hedge funds are pulling out of gold bets as more exciting moves in equities and cryptocurrencies make safe-haven investments look boring. Money managers cut their bets on a bullion rally at the fastest pace in five months as…