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June 23, 2018 5:10 AM Rozman not defending labuan Umno chief's post

LABUAN: Labuan Member of Parliament Datuk Rozman Isli has confirmed he will not defend the post of Labuan Umno division chief in the party elections on June 30. Senator Datuk Bashir Alias, who is Rozman's deputy, is expected to vie for the post. Rozman said he was now focusing on putting Labuan's economy back on track both in the short and long term development 4

June 22, 2018 9:54 AM Icon Offshore receives RM23m vessel contract

PETALING JAYA: Icon Offshore Bhd has bagged a RM23 million contract to provide one utility vessel to Hess Exploration and Production Malaysia B.V. It told Bursa Malaysia that the contract is for a period of three years with two extension options of one year each. The contract is expected to contribute positively to Icon Offshore's earnings, order book and net assets 4

June 21, 2018 2:40 PM Opec confident of deal ahead of crucial talks with partners

VIENNA: Organisation of the Petroleum Exporting Countries (Opec) energy ministers expressed optimism today they were nearing a compromise on oil output policy, with Saudi Arabia acknowledging that a big production increase would be "politically unacceptable" to arch foe Iran. Opec and non-Opec partner countries are due to hold crunch talks here today 4

June 20, 2018 1:37 PM Gabungan AQRS bags RM60m project

PETALING JAYA: Gabungan AQRS Bhd has been awarded a sub-contract worth RM60.22 million for the execution and completion of sub-structure, toll plaza building and motorcycle lane works of the Elevated Sungai Besi-Ulu Kelang Highway privatisation project. In a filing with Bursa Malaysia today, the group said its wholly owned subsidiary Gabungan Strategik 4

June 20, 2018 12:47 AM Five US states refuse to deploy National Guard to border amid outcry

WASHINGTON: Five US states are refusing to deploy National Guard troops to the US-Mexico border amid a growing outcry over a controversial immigration policy of President Donald Trump's administration that has led to migrant children being separated from their parents. The Democratic governors of Colorado, New York and Virginia and the Republican governors 7

June 19, 2018 7:44 AM Press Metal sees indirect benefits from US-China trade spat

PETALING JAYA: The trade tensions between China and the US could indirectly benefit aluminium smelter Press Metal Aluminium Holdings Bhd as it will reduce market competition in the region. Speaking to reporters at its AGM today, group CEO Tan Sri Paul Koon said metal from Australia may move to the US as Australia has been exempted from US tariffs on aluminium 5

June 19, 2018 5:06 AM Cahya Mata Sarawak falls 9.1% despite contract extension

PETALING JAYA: Cahya Mata Sarawak Bhd fell 9.1% in early trade to a low of RM2.30 despite being granted extension for its road maintenance contract by the state government. At 11.07 am, the stock was trading at RM2.42 with 3.70 million shares done. CMS said in a filing with Bursa Malaysia yesterday that its indirectly owned subsidiary CMS Roads Sdn Bhd had received 3

June 18, 2018 11:53 AM Cahya Mata Sarawak’s road maintenance contract extended

PETALING JAYA: Cahya Mata Sarawak Bhd’s (CMS) contract for the maintenance of state roads in Sarawak has been extended by the state government for another year, till June 30, 2019. In a filing with Bursa Malaysia earlier, CMS said CMS Roads Sdn Bhd, a wholly owned subsidiary of CMS Works Sdn Bhd, which in turn is a subsidiary of CMS, received a letter 4

June 18, 2018 8:46 AM Airasia doubles flights between Kota Kinabalu and Singapore

KUALA LUMPUR: AirAsia aims to double the number of flights between Kota Kinabalu and Singapore to 14 weekly flights from Aug 1 this year. In a statement issued, the airline said the increased frequency is expected to boost air connectivity between the two capitals and bring Asean closer. AirAsia Malaysia commercial head, Spencer Lee, said the additional 5

June 18, 2018 7:29 AM Malaysia expects more trade with China with opening of Alibaba office

PETALING JAYA: Malaysia which saw a 14.7% increase in bilateral trade with China in the first five months of this year compared to a year ago, is expected to see a further boost with the opening of Alibaba's Group's national office and electronic world trade platform (ewtp) in Kuala Lumpur today. The total trade between the two countries stood at US$42.7 billion 4