Business

MH370: Malaysian life insurance companies pay over RM14 mln to next of kin
Thursday, May 8, 2014

KUALA LUMPUR: Malaysian life insurers have paid over RM14.2 million in compensation payouts to the family members of passengers with life insurance onboard the missing Malaysia Airlines plane, Flight MH370.       
Life Insurance Association of Malaysia (LIAM) president, Vincent Kwo said life insurance companies in Malaysia had taken a consolidated...

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MAS & Firefly warn of travel package scam
Thursday, May 8, 2014

KUALA LUMPUR, May 8: Malaysia Airlines and its low cost carrier, Firefly, have issued a warning of a travel package scam in the market.
 
In a statement today the airlines said Musflyz Privilege, a local travel agent, not affiliated to either MAS or Firefly, has been offering travel packages branded as "Masflyz".
 
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MAHB looks forward to receive AirAsia at klia2
Wednesday, May 7, 2014

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) says it is looking forward to receive AirAsia and its family of airlines in the second phase of migration to klia2.    In a statement today, the airport operator said it is working very closely with AirAsia to assist them in the migration to the new low-cost carrier terminal while several meetings and simulation trials have been held to prepare for the transfer. ...

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Extinction stalks Myanmar's forests
Wednesday, May 7, 2014

BAGO, May 7: Ashen earth strewn with the limbs of once-mighty trees is all that is left of the fearsome forest in central Myanmar that Wa Tote remembers from her youth.
 
"We would only dare enter in a big group. The forest was deep and had many wild animals. Now we cannot even find a tree's shadow to shelter under when we are tired," the 72-year-old told AFP.
 
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MCMC clarifies report on broadband speeds in Malaysia
Tuesday, May 6, 2014

CYBERJAYA - MCMC echoed Datuk Seri Ahmad Shabery Cheek’s statement in the media today about broadband speeds in Malaysia. The Communications and Multimedia Minister’s scepticism on online data published by Ookla on Malaysia’s broadband speeds isn’t without basis. Of late, a number of broadband speed tests have been conducted and publicised by various parties reflecting varying results....

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Petronas Gas posts higher pre-tax but decline for Dagangan
Tuesday, May 6, 2014

KUALA LUMPUR, May 6: Petronas Gas Berhad's pre-tax profit for the first quarter ended March 31, 2014, rose to RM543.206 million from RM485.889 million in the same quarter last year, driven by the regasification segment. Revenue increased 15.8 per cent to RM1.054 billion from RM910.443 for the same period. ...

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"Long-term parking area only temporary arrangement for AirAsia" says Malaysia Airports
Tuesday, May 6, 2014

KUALA LUMPUR - Malaysia Airports in a press statement today explained that AirAsia's car park at the long-term parking complex was only a temporary arrangement until AirAsia's own car park for its staff is completed. The statement was issued as a response to an article pulished in the...

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EPF: 278 company directors prevented from leaving the country
Monday, May 5, 2014

KUALA LUMPUR:The Employees Provident Fund (EPF) said today that 278 names of defaulting company directors have been submitted to the Immigration Department in the first quarter of this year to prevent them from leaving the country without first settling their employees' EPF contribution arrears as provided under Section 39 of the EPF Act 1991....

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Petronas gas allocates RM6 bln for capex for next five years
Monday, May 5, 2014

KUALA LUMPUR: Petronas Gas Bhd is allocating RM6 billion for capital expenditure (capex) for the next five years.    Out of the RM6 billion, 60 per cent would be spent for "growth projects" such as the regassification terminal in Pengerang.    ...

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Petronas & local consortium to develop water supply project
Friday, May 2, 2014

KUALA LUMPUR, May 2: Petronas' subsidiary PRPC Water Sdn. Bhd. has inked a procurement, construction and commissioning contract with a local consortium to develop a raw water supply project in Johor known as 'Pamer'.
 
The consortium of Asia Baru Construction Sdn. Bhd. and Putra Perdana Construction Sdn. Bhd. will build raw water supply facilities to support the needs of the Petronas' Refinery...

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