LONDON - Google's executive chairman Eric Schmidt on Sunday defended the US Internet giant's tax arrangements after claims it has unethically dodged paying vast amounts of British tax. Writing in Britain's Observer newspaper, Schmidt insisted that Google "has always aspired to do the right thing" and that the company pays "significant" amounts of British corporate, local and employment tax....
KOTA KINABALU - Petronas today presented RM80,000 to four families of fallen heroes during Operation Daulat to rid Sulu terrorists in the east coast of Sabah, in March. Petronas Senior General Manager Datuk Mohammad Medan Abdullah said the contribution was part of the RM200,000 donation by Petronas recently....
KUALA LUMPUR: The Malaysian economy will grow stronger in the second half of this year, driven by the removal of the political uncertainty and the government's firm economic policy.Credit Suisse Securities (M) Sdn. Bhd. managing director Stephen Hagger said Malaysia would join a very exclusive club currently comprising...
KUALA LUMPUR -- AmResearch maintained "buy" call on Petronas Gas Bhd with an unchanged target price of RM21.90 and maintained the company's 2013-2015 financial year earnings, pending further developments on the take-up gas volume for the Lekas regassification (RGT). It was reported that Petronas Gas Managing Director Samsudin Miskon had said the RM3 billion Lekas RGT in Sungai Udang,...
KUALA LUMPUR: The Sessions Court has acquitted and discharged three directors and a former director of gold investment company, Genneva Sdn. Bhd. (GSB), of 224 counts of money laundering and five counts of illegal deposit taking, involving more than RM100 million.Judge Datuk Rozana Ali Yusuff made the ruling Thursday after finding that the defence had succeeded in establishing reasonable doubts against the prosecution's case....
KUALA LUMPUR-- Petronas Gas Bhd has committed to allocating a capital expenditure (capex) of RM8.1 billion for the next five years, mainly to fund its regasification terminals in Lahad Datu and Pengerang. Chairman Datuk Anuar Ahmad said the capex, to be utilised from end-2012, will be allocated from its parent Petronas Bhd's total group capital spending of RM60 billion from 2011....
PETALING JAYA: Malaysia Airlines aims to transform itself into a financially self-sustaining entity by end-2014.Group Chief Executive Officer Ahmad Jauhari Yahya said the national carrier, which reported lower losses in 2012, is also looking at an ambitious self-financing plan for its aircraft purchase in the next two to three years....
KUALA LUMPUR: Naza TTDI Sdn. Bhd. bagged six awards at the Asia-Pacific Property Awards 2013 held on Friday.Its senior general manager (marketing and sales) Mohd. Johan Shadzli Mohd. Daud said the company's success in winning the awards further re-enforced its commitment towards providing inspirational designs and creativity for its development....
PHNOM PENH: Vietnamese rubber firms bankrolled by an arm of the World Bank and Germany's Deutsche Bank are driving a land-grabbing crisis in Southeast Asia, activists said Monday.Indigenous ethnic minorities are bearing the brunt of the seizures, which have affected tens of thousands of villagers and led to the clearance of swathes of protected forests, according to campaign group Global Witness....
KUALA LUMPUR -- Hwang DBS Vickers Research has maintained its "buy" call on Petronas Gas with a higher discounted cash flow-derived target price of RM22.20/share after the earnings upgrade. The research house said Petronas Gas' first quarter revenue was stable at RM910.4 million as lower gas processing revenue arising from lower butane and propane exports was partly offset by higher transportation revenues....
