File image - An obese orangutan has been put on a strict diet after two decades of gorging on junk food handed out by tourists. (AP Photo/Mark ...
AmBank to issue up to US$2bil debt notes
KUALA LUMPUR: AMMB Holdings Bhd?s banking arm AmBank (M) Bhd plan to issue up to US$2bil in a proposed programme has been approved by the regulators. In a filing on Friday, the group said the proceeds from the proposed issuance will be utilised by AmBank for its working capital, general funding requirement and other corporate purposes. AmInvestment Bank Bhd and Australia and New Zealand ...
Malaysias Bumi Armada wins oil services deal from Lukoil
KUALA LUMPUR, July 5 | Fri Jul 5, 2013 8:29am EDT KUALA LUMPUR, July 5 (Reuters) - Malaysian offshore oil services company Bumi Armada Berhad said on Friday that its Russian arm had won a 567.6 million ringgit ($178.34 million) supplementary deal from Russia's Lukoil. The firm, controlled by the country's second-richest man, Ananda Krishnan, said in a stock exchange filing that ...
Russian Malaysian foreign ministers to discuss scientific-technical cooperation
MOSCOW, July 5 (Itar-Tass) - The Foreign Ministers of Russia and Malaysia, Sergei Lavrov and Anifah Aman will have talks in the capital of Russia on July 11, 2013, Russian Foreign Ministry Spokesman Alexander Lukashevich said on Friday. "The two foreign ministers will discuss development of the contractual basis between the two countries, as well as enhancement of the political dialog and ...
Panasonic Closes Solar Cell Factory in Hungary Msian one stays open
Japan 's Panasonic Corp <6752.T> plans to shut down its sole European solar cell plant next March and dismiss about 500 workers at the factory, the Nikkei reported. The Hungarian factory will end production in September, leaving the company with one solar cell plant each ...
MIDA targets to surpass RM162b investment achieved in 2012
GEORGE TOWN: Malaysian Investment Development Authority (MIDA) is targeting to surpass the RM162bil investment achieved in 2012. Chief executive officer Datuk Noharuddin Nordin said this was possible, as there was a double-digit increase in investments for first-quarter 2013 over the previous corresponding period. "We can expect the trend to continue," he said on Friday. Noharuddin ...
Malaysias exports in May continue to disappoint
Philippines June inflation rose in June to 2.8% y/y (consensus: 2.7%) from 2.6% in May, still below the central bank's target of 3~5%. The economy expanded 7.8% in the first quarter of the year, registering the fastest growth in the region, as investment and government spending offset sluggish external demand. The central bank has maintained the policy rate at record-low of 3.5% for the ...
Luster shares falls to 10 sen
Luster Industries Bhd?s shares rose to a high of 24 sen on June 17 and fell to 10 sen on Friday?s close in the absence of fresh negative news. Bursa Malaysia KLCI firmed 0.93 point, or 0.05%, to close at 1,772.27. The key barometer opened 5.59 points better at 1,774.41 and hovered between 1,772.16 and 1,778.96 throughout the day. Luster's core activity is the manufacture of ...
Malaysias blue chips close marginally higher
KUALA LUMPUR: share prices on Bursa Malaysia ended marginally firmer on Friday in tandem with the regional markets, tracking the performance of the European equities, dealers said. They said the market got a lift from a pledge made by the European Central Bank president that interest rate would be kept low as long as needed. However, the gains were capped on concern over political unrest in ...
Malaysias central bank moves to rein in household debt
KUALA LUMPUR, July 5 (Reuters) - Malaysia's central bank on Friday reduced the length of mortgages and consumer loans, some which run to 45 years, in an effort to curb runaway household debt levels. Effective immediately, mortgages will be capped at 35 years and personal loans at 10 years, it said in a statement. Mortgage tenures of up to 45 years have been common in the country. ...
Malaysians too stressed for holidays
The survey by Regus, a provider of flexible workspaces, found that professionals in Malaysia are working even harder on holiday than their counterparts in other countries. Regus recently asked more than 26,000 business people from 96 countries to reveal just how much of their holiday they planned to spend on work-related activities. In the true spirit of Malaysia Boleh!, 49% of local ...
Malaysias May trade falls 4.1 yoy exports down 5.8
KUALA LUMPUR, July 5 (Bernama) -- Malaysia's total trade in May declined 4.1 per cent to RM108.28 billion from RM112.95 billion registered in the same month last year, said the International Trade and Industry Ministry (Miti). The decrease in total trade was contributed mainly by lower trade with Japan which dropped RM1.45 billion, Indonesia (RM874.3 million), Qatar (RM831.3 million), ...
Etiqa Insurance launches maiden RM500mil bonds
The bond facility lead arranged by Maybank Investment Bank Berhad was rated AA1 by RAM Rating Services Bhd. It carries a tenure of 10 years from the date of issuance on a 10 non-callable five basis. Maybank group chief financial officer Mohamed Rafique Merican said the maiden subordinated bonds offered by Etiqa were successfully concluded and received a firm and positive response from investors ...
Brent holds above US$105
SINGAPORE: Brent crude held above US$105 a barrel on Friday and was on course for its strongest weekly gain in a month, ahead of US jobs data that could bolster confidence in recovery in the world?s largest oil consumer. Jobs growth in the United States likely held steady in June, buoying the outlook for fuel demand. But such numbers could also support the Federal Reserve?s case to ...
Aker Solutions to Supply Wellhead Systems to Murphy in Malaysia
Aker Solutions signed an agreement with Murphy Sarawak Oil Co., a subsidiary of Murphy Oil Corporation, to deliver as many as 24 sets of splitter wellhead systems. The contract, which includes deliveries of ancillary equipment and services, is worth $15 million over three years and may be extended by a year. Surface wellheads are used on land-based and shallow-water platforms for drilling and ...
Disappointing wait for FOI implementation in Penang
Reset GEORGE TOWN (July 5): More than a year after it was enacted, Penang's Freedom of Information (FOI) Enactment has still not been ...
China admits local govt debt levels unknown could be higher than estimated
BEIJING (Reuters) - A senior Chinese official said on Friday that the government did not know precisely know how much debt local governments had built up and warned that it could be more than previous estimates.Estimates of local government debt range from Standard Chartered's 15 percent of the country's GDP at end-2012 to Credit Suisse's 36 percent. Fitch put the figure at 25 ...
Alliance Research maintains Malaysia?s 2Q growth forecast at 4.7
KUALA LUMPUR (July 5): Alliance IB Research has its 2Q growth forecast for Malaysia at 4.7% and said the country's exports fell more than expected by 5.8% year-on-year in ...
FGVH targets natural rubber processing in Myanmar this year
KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) hopes to start operation of its natural rubber (NR) processing plant in Myanmar this year, says chief executive officer-designate Mohd Emir Mavani Abdullah. Last December, FGVH signed a memorandum of understanding with Myanmar's Pho La Min Trading Ltd to scout for opportunities to set up rubber plantations and establish NR processing ...
Malaysias 1MDB pays $380 mln for control of local power plant firm
KUALA LUMPUR, July 5 (Reuters) - Malaysia's state-owned strategic development company 1Malaysia Development Bhd (1MDB) said it would pay around $380 million to take control of a local coal power plant firm, its third utility deal. The 1.2 billion ringgit deal for 75 percent of Jimah Energy Ventures follows last year's acquisitions of power assets from Malaysia's second ...
Students urged to pursue careers in three fields
Kota Kinabalu: Sabah students intending to pursue studies at institutes of higher learning, whether on their own or through government scholarships, are advised to take up medical, engineering or accounting majors. Chief Minister Datuk Seri Musa Aman said such professions are in demand in the State. He also said the Government always helps and provides opportunities to students to go for ...
Call for new voter registration
Printer Friendly Kota Kinabalu: Only a re-registeration exercise will ensure that the electoral roll - at least where Sabah is concerned - will be truly free of any doubtful voters and those who had died, among others. "However, the task is tedious as it would also involve amendments to related laws and the Constitution," said State Election Commission (EC) Director Datuk Mohd Idrus ...
Source: http://www.malaysianews.net/index.php/sid/215646770/scat/48cba686fe041718
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