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Business

Malaysia’s Q4 GDP up 5.2pc on year, beats forecast

KUALA LUMPUR, Feb 15 – Malaysia’s economy grew at an annual pace of 5.2 per cent in the fourth quarter of 2011, slowing from the previous three months as the trade-dependent country felt the effects of weaker global activity, the central bank said today.

The fourth-quarter growth, which beat economists’ expectations of a 5 per cent expansion, ... Read More

A woman smiles as she walks past an electronic board displaying graphs showing recent movements of Japanese market indices, outside a brokerage in Tokyo February 15, 2012. — Reuters pic
A woman smiles as she walks past an electronic board displaying graphs showing recent movements of Japanese market indices, outside a brokerage in Tokyo February 15, 2012. — Reuters pic

Felda says FGVH listing date not final yet

KUALA LUMPUR, Feb 15 – Felda has yet to get approvals for a listing date for its plantation unit Felda Global Venture Holdings Bhd (FGVH) despite a deputy minister saying the initial public offering (IPO) ... Read More

Tony calls SIA’s name for Scoot ‘dumb’

By Lee Wei Lian
KUALA LUMPUR, Feb 15 – Tan Sri Tony Fernandes poured scorn on the name of Singapore Airline’s new budget carrier and said that it would not be serious competition for AirAsia X.The AirAsia co-founder and ... Read More

Petronas eyes Sunshine Oilsands IPO: Sources

HONG KONG, Feb 15 – Malaysia’s national oil firm Petronas is in talks to buy shares in Canadian oil explorer Sunshine Oilsands Ltd’s up to US$700 million (RM2.13 billion) Hong Kong initial public offering ... Read More

SE Asia Stocks: Thailand, Singapore up as Indonesia lags

SINGAPORE, Feb 15 – Stocks in Singapore and Thailand joined those in East Asian markets in rising today in the belief central banks will boost economies through cash injections, though other Southeast ... Read More

Singapore private home sales rebound, hit 14-mth high

SINGAPORE, Feb 15 – The number of private homes sold in Singapore soared to a 14-month high in January, indicating housing demand remained buoyant and that the government may have to introduce more ... Read More

BP hopes to drill new South China Sea gas block this year

BEIJING, Feb 15 – Oil giant BP Plc plans to start drilling at the 43/11 deepwater block in the South China Sea this year, after receiving approval recently from the Chinese government, a company executive ... Read More

Petronas restarts Malacca refinery after maintenance

SINGAPORE, Feb 15 — State oil firm Petronas has resumed operations at its joint-venture refinery in Malacca after a brief planned maintenance last week, trade sources said today.The 140,000 ... Read More

SapuraCrest-Kencana merger to list by end-March, says source

KUALA LUMPUR, Feb 15 — The proposed listing of a combined SapuraCrest and Kencana Petroleum Bhd has been delayed to end-March or early April, a source told Reuters today.The planned merger of the oil and ... Read More

Ex-Petronas chief to helm Singapore power giant

KUALA LUMPUR, Feb 15 — Ex-Petronas CEO Tan Sri Hassan Marican is set to become chairman of Singapore Power Limited (SP) in June succeeding Ng Kee Choe who will retire on June 12, according to Energy ... Read More

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