Friday, June 1st, 2018

 

Trump administration mulls new plan to help ailing coal, nuke plants

WASHINGTON, June 1 — Trump administration officials are considering requiring grid operators to buy electricity from ailing nuclear and coal-fired power plants to keep them from being shuttered, according to a draft memo reviewed by Reuters. If…


UEM Edgenta secures RM60.7m job for Pan Borneo Highway

KUALA LUMPUR, June 1 — UEM Edgenta Bhd via its wholly-owned subsidiary Opus International (M) Bhd has secured a RM60.7 million contract from Borneo Highway PDP Sdn Bhd (BHP) as the lead consultant for pavement design optimisation for the Pan…


Trump blasts Canada over trade, hints at lumber action

WASHINGTON, June 1 — US President Donald Trump today fired back at Canada after Ottawa and other American allies retaliated against Washington’s steel and aluminum tariffs, and appeared to threaten possible action against Canada’s lumber…


Headache for ECB as populists take power in debt-laden Italy

ROME, June 1 — The arrival of an anti-austerity, populist government in Italy has revived concerns about the country’s massive debt pile, underscoring the pitfalls ahead for the European Central Bank as it tries to wean the eurozone off its…


German carmakers slam 'incomprehensible' steel tariffs

BERLIN, June 1 — German carmakers voiced dismay at the “incomprehensible” US steel tariffs that took effect Friday, adding to a chorus of criticism from global trade partners over the protectionist move by US President Donald Trump. Auto giant…


Shell markets gas with offset package as neutral for climate

THE HAGUE, June 1 — Royal Dutch Shell Plc is attempting to market some of its natural gas as clean energy, packaging it with credits for eco-friendly projects that offset pollution coming from the fuel. The oil giant is offering business customers…


Foreigners sell oil bonds at record pace as oil deepens woes

NEW DELHI, June 1 — Foreign investors are dumping Indian bonds at a record pace as surging oil prices threaten to worsen the nation’s finances, stoke inflation and hurt the fastest pace of economic growth among world’s major economies….


UEM Edgenta bags two contracts worth RM60.75m

PETALING JAYA: UEM Edgenta Bhd's wholly owned subsidiary Opus International (M) Bhd has bagged two contracts worth RM60.75 million from Borneo Highway PDP Sdn Bhd (BHP), via related party transactions.

UEM Edgenta told Bursa Malaysia that Opus had entered into contracts with regards to the Pan Borneo Highway project in Sabah.

Under the first contract, Opus has to study on asphaltic mix options to address limited granite resources and subgrade CBR for pavement design optimisation for a period of four months at a contract sum of RM445,904.65.

The other contract is for the provision of technical support services for a period of four years at a contract sum of RM60.3 million.

UEM Edgenta stressed that the transactions are in the ordinary course of Opus' business and is undertaken on an arm's length basis, based on normal commercial terms which are not more favorable than those generally available to the public.

BHP is a 40% associated company of UEM-MMC Joint Venture Sdn Bhd, which in turn is a 50% joint venture of UEM Group.

UEM Edgenta's share price was down 7 sen or 3.3% to close at RM2.02 on some 26,200 shares done.


UEM Edgenta bags two contracts worth RM60.75m from UEM Group unit

PETALING JAYA: UEM Edgenta Bhd's wholly owned subsidiary Opus International (M) Bhd has bagged two contracts worth of RM60.75 million from Borneo Highway PDP Sdn Bhd (BHP), a unit of UEM Group Bhd via related party transactions.

UEM Edgenta told Bursa Malaysia that Opus had entered into contracts with regards to the Pan Borneo Highway project in Sabah.

Under the first contract, Opus has to study on asphaltic mix options to address limited granite resources and subgrade CBR for pavement design optimisation for a period of four months at a contract sum of RM445.9 million.

The other contract is for the provision of technical support services for a period of four years at a contract sum of RM60.3 million.

UEM Edgenta stressed that the transactions are in the ordinary course of Opus' business and is undertaken on an arm's length basis, based on normal commercial terms which are not more favorable than those generally available to the public.

BHP is a 40% associated company of UEM-MMC Joint Venture Sdn Bhd, which in turn is a 50% joint venture of UEM Group.

UEM Edgenta's share price was down 7 sen or 3.3% to close at RM2.02 on some 26,200 shares done.


Robin Tan steps down as Berjaya Sports Toto CEO

PETALING JAYA: Datuk Seri Robin Tan Yeong Ching has stepped down from his position as Berjaya Sport Toto Bhd (BToto) CEO to concentrate on his position in the ultimate holding company Berjaya Corp Bhd (BCorp).

Tan, 44, is also BCorp CEO.

Following the resignation, he will be succeeded by his sister Nerine Tan Sheik Ping, according to BToto's filing with the stock exchange.