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April 25, 2018 11:58 AM Suitors for India’s Fortis revise bids ahead of committee deliberation

BENGALURU: India’s Manipal Hospitals Enterprises Private Ltd raised its offer for rival Fortis Healthcare Ltd for the second time in a month, now valuing Fortis’ hospital business about 4% more than it had earlier. Several suitors for Fortis revised their offers this week, jostling to make the best bid before an advisory committee, formed by the company 6

April 25, 2018 9:22 AM Protasco unit bags RM92m solar plant contract

PETALING JAYA: Protasco Bhd’s unit has bagged a RM92 million contract to develop a large-scale solar photovoltaic plant of 6.8 megawatt alternating current (MWac) in Alor Gajah, Melaka, from the Energy Commission. In a filing with Bursa Malaysia today, the group said that I2 Solarpark One Sdn Bhd, 44%-owned by a subsidiary of the company, Ikram Greentech 5

April 25, 2018 4:14 AM SC's audit oversight board sanctions auditor for poor quality audit work

PETALING JAYA: The Securities Commission Malaysia's (SC) audit oversight board (AOB) has reprimanded and fined Tang Boon Hiap of CHI-LLTC a sum of RM225,000 for failure to comply with the International Standards on Auditing when auditing a public-listed company. The commission said in a statement that compliance with auditing standards when auditing 11

April 25, 2018 3:22 AM IHH shares fall further after Fortis binding bid

PETALING JAYA: IHH Healthcare Bhd's share price continued to fall by five sen or 0.82% this morning, after it revised its offer to make a combination of a binding and non-binding offer to sweeten the deal for India's Fortis Healthcare Ltd yesterday. At 10.52am, the stock stood at RM6.04 with 217,300 shares changing hands. It has a market capitalisation 9

April 25, 2018 2:55 AM 10 killed, dozens injured in illegal Indonesia oil well fire

BANDA ACEH, Indonesia: At least 10 people have been killed and dozens more injured after a fire at an illegal oil well in Indonesia's Aceh province, authorities said Wednesday. An oil spill sparked a huge blaze about 1.30am (2.30am Malaysia) in a residential area that torched at least three houses and was still out of control mid-morning. "The [fire] 11

April 24, 2018 7:12 AM Sumatec signs MoA with China National Petroleum’s subsidiary

PETALING JAYA: Sumatec Resources Bhd has inked a memorandum of agreement (MoA) with Liaohe Oilfield of CNPC, a subsidiary of China National Petroleum Corp (CNPC-Liaohe) for the exploration and development of the Rakushechnoye oil and gas field project. Under the MoA, CNPC-Liaohe will provide full technical service including subsurface, drilling and production 5

April 20, 2018 12:25 PM Fernandes: Robust economy spurred AirAsia to hit record numbers

File picture of AirAsia Group CEO Tan Sri Tony Fernandes delivering a speech at the launch of the company’s new headquarters in Sepang March 1, 2018. ― Picture by Yusof Mat IsaKUALA LUMPUR, April 20 ― Malaysia’s robust economy has helped low-cost carrier AirAsia hit record numbers, its Group Chief Executive Officer, Tan Sri Tony Fernandes said. “Economy 9

April 20, 2018 11:21 AM More than 50 injured in train accident in Austria

A train is seen after a crash in Salzburg April 20, 2018 in this picture obtained from social media. — Picture courtesy of Christian Hennig via Reuters SALZBURG, April 20 — Fifty-four people were treated for injuries after two train carriages collided at a station in the Austrian city of Salzburg today, the state rail company OeBB said. The accident 6

April 19, 2018 11:09 AM Liow: GST exemption for ECRL project benefits Malaysians

Datuk Seri Liow Tiong Lai said the GST exemption granted to the contractor of East Coast Rail link (ECRL) will benefit Malaysians in the end. — Picture by Azinuddin Ghazali BENTONG, April 19 — The exemption on Goods and Services Tax granted to the contractor of East Coast Rail link (ECRL), China Communications Construction Company (CCCC) will benefit 9

April 17, 2018 9:23 AM BAE Systems inks partnership for Chevening scholarship in Malaysia

KUALA LUMPUR: British defence, security and aerospace solutions company, BAE Systems Plc, today renewed its partnership with the British High Commission of Malaysia for the 2018 Chevening Scholarship programme. In a statement today, BAE Systems said, the agreement was inked at the Defence Services Asia 2018 exhibition and conference here. The UK-headquartered 9