Business

Anniversary specials from MAS
Monday, September 29, 2014

SUBANG -- September 29, 2014: In conjunction with its 42nd anniversary, Malaysia Airlines is offering great deals for bookings effective today until October 3.
 
The promo, in line with the national carrier's promise of providing affordable airfares to Malaysians, are for international and domestic on the national carrier's flights out of KL International Airport and can be assessed through its website, participating travel agents and call centre....

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Russia warns Europe of possible gas cuts over Europe
Friday, September 26, 2014

BERLIN -- September 26, 2014: Russia warned Europe today that Moscow could cut off its gas supplies because some European countries have been re-exporting gas to Ukraine to help Kiev through its latest energy war with Moscow. The threat came as energy chiefs gathered here for EU-mediated talks aimed at halting a Russian gas supply cut to Ukraine that could leave parts of the war-scarred nation without heat this winter....

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Petronas starts topside module lifting for first floating LNG facility
Wednesday, September 24, 2014

KUALA LUMPUR -- September 24, 2014: Petronas today announced it has commenced the lifting of the first topside module for its floating liquefied natural gas (PFLNG1) facility at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in Okpo, South Korea.
 
This marks another major construction milestone for the facility as it signifies the...

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MoF to tell people on petroleum cash payments
Wednesday, September 24, 2014

KUALA LUMPUR -- September 24, 2014: The government has decided to announce the findings of the Special Committee to Determine Cash Payments from Petroleum in the East Coast of Peninsular Malaysia to the rakyat.
 
In a statement today, the Finance Ministry said this was to enlighten the rakyat and prevent them from being fed with incorrect and misleading information.
 ...

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London Tube to run all-night weekend service
Wednesday, September 24, 2014

LONDON -- September 24, 2014: This city's underground train system will launch a 24-hour weekend service next year, Transport for London (TfL) announced today.
 
The "Tube" currently closes at around midnight, after which time weekend revellers and other late-night commuters are forced to either take a taxi or use the city's network of night buses.
 
...

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Suppliers scramble for alternatives as Russia bans Western food
Wednesday, September 24, 2014

MOSCOW -- September 24, 2014: In a supermarket here, the dairy section is piled with imported yoghurts -- unlike the empty shelves in many other shops in the Russian capital -- but the best-before date has long expired on most of them. "Our manager asked us to make sure the shelves aren't empty," said Kristina, an assistant in the dairy produce section....

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Malaysia's 2014 GDP growth would beat forecast - Bank Negara
Wednesday, September 24, 2014

KUALA LUMPUR, Sept 24 - Bank Negara Malaysia is confident that the country's Gross Domestic Product (GDP) growth this year would exceed the 5.0 per cent to 5.5 per cent forecast following the bullish first half-year performance.
   
"For the first half of the year, we have already got 6.3 per cent, so it is definitely going to exceed the original forecast of 5.0 to 5.5 per cent....

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Samsung's Galaxy Note 4
Wednesday, September 24, 2014

South Korea's Samsung launched the latest version of its Galaxy Note smartphone earlier than expected Wednesday. Samsung said the Galaxy Note 4 -- initially scheduled for launch in October -- would hit stores in South Korea and China this week before being sold in 140 nations by the end of next month. ...

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Petronas implements EOR projects to enhance production
Tuesday, September 23, 2014

KUALA LUMPUR -- September 23, 2014: Petronas is now actively implementing enhanced oil recovery (EOR) programmes to enhance crude oil production in maturing fileds, with more than 10 EOR projects in the pipeline.
 
Executive director Datuk Mohamad Idris Mansor said the entire programme will be rolled out in phases over the next decade.
 
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Malaysia & Bangladesh sign power plant deal
Tuesday, September 23, 2014

NEW DELHI -- September 23, 2014: Malaysia and Bangladesh yesterday signed a government-to-government Memorandum of Understanding (MoU) for Tenaga Nasional Berhad (TNB) and Powertek Berhad to build a power plant. The MoU paves the way for the TNB-Powertek consortium to finance and build a 1,320-megawatt coal-fired plant in Maheshkhali, Cox's Bazar, with the Bangladesh Power Development Board (BPDB) that will cost RM6 billion....

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