VIENNA: Organisation of the Petroleum Exporting Countries (Opec) on Thursday decided against cutting the amount of oil it produces despite a glut in global supplies, triggering a fresh collapse in crude prices.
SIMPLER PROCESS NEEDED: Developers have to submit many applications just to get projects started
LONDON: Brent crude oil fell more than US$3 to a fresh four-year low under US$75 a barrel yesterday after Opec decided not to cut production, despite a huge oversupply in world markets.
KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed US$180 higher at US$20,180 a tonne on low offerings by miners, said a dealer.
KAJANG: Construction and property firm Protasco Bhd’s shareholders have voted to remove Tey Por Yee and Ooi Kock Aun from its board with immediate effect.
KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contract ended untraded yesterday.
MORE Malaysian developers are venturing overseas, such as in Britain, Canada and Australia, as they can land a project faster with all the approvals in place and make more money because of foreign exchange gain.
KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives ended lower yesterday on lack of catalysts, said Philip Futures Sdn Bhd dealer Ahmad Danial Zainudin.
KUALA LUMPUR: The ringgit ended higher against the US dollar yesterday, following lacklustre US economic data which pushed down Treasury yields and weakened the greenback, a dealer said.
KUALA LUMPUR: The Malaysian Rubber market closed lower yesterday due to the downtrend in regional futures markets.
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday amid profit-taking following two days of gains, a dealer said.
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has clarified that its insurance and takaful business recorded a healthy profit before tax (PBT) in the third quarter ended September 30, as opposed to “losses” as reported in the news yesterday.
KUALA LUMPUR: Berjaya Auto Bhd, the distributor and assembler for Mazda Motor Corp vehicles in Malaysia, plans to raise dividends this year and double sales within three years with new models.
KUALA LUMPUR: MMC Corp Bhd has bought 15.73 per cent stake in port operator, NCB Holdings Bhd, from MISC Bhd for RM221.98 million, further expanding its ports and logistics businesses.
KUALA LUMPUR: Enterprise data management (EDM) specialist Kronologi Asia Bhd plans to spend the RM17.18 million raised from its initial public offering (IPO) on expansion, research and working capital.
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