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April 26, 2018 12:04 PM UK probing reports of British-Iranian academic's arrest

LONDON: Britain said Thursday it was "urgently seeking information" from Iran following reports that a British-Iranian academic has been arrested. Abbas Edalat, a peace campaigner and computer science professor at Imperial College in London, was detained on April 15, according to the New York-based Centre for Human Rights in Iran (CHRI). "We are urgently 3

April 26, 2018 5:35 AM PUC upbeat on theme park industry

PETALING JAYA: PUC Bhd, whose shareholders approved its acquisition of a 33% stake in Pictureworks Holdings Bhd, is upbeat on the theme park industry. "The theme park industry, in Asia particularly, is actually a fast growing market. Big players are constantly expanding their existing resorts like Shanghai Disneyland's grand opening of their Toy Story 3

April 26, 2018 5:07 AM Ireka unit bags RM92m job from Pantai Hospital

PETALING JAYA: Ireka Corp Bhd has won a RM92 million contract for the proposed construction of additional basement and eight-storey hospital and refurbishment works of existing hospital building at Pantai Hospital Ayer Keroh, Malacca. Pantai Hospital awarded the contract to its wholly-owned unit Ireka Engineering & Construction Sdn Bhd, Ireka said in a filing 4

April 25, 2018 11:01 AM PRG's Furniweb to distribute luxury apparel

PETALING JAYA: PRG Holdings Bhd’s Hong Kong Stock Exchange listed 75% owned subsidiary Furniweb Holdings Ltd is collaborating with Switzerland based luxury goods conglomerate Philipp Plein International Group (PPI) to distribute, promote and sell luxury fashion apparel carried on under PPI’s trade name. The group said in a Bursa Malaysia filing that, it has entered 6

April 25, 2018 10:47 AM CIMB Bank waives fees for transactions done on online portal and mobile app

PETALING JAYA: CIMB Bank is waiving the Interbank GIRO (IBG) fee of 11 sen per transaction and Instant Interbank Fund Transfer (IBFT) fee of 53 sen per transaction on its online banking platform, CIMB Clicks (www.cimbclicks.com.my), as well as CIMB Clicks and CIMB EVA mobile app, regardless of transaction amount. This will take effect immediately and will benefit 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 3:52 AM Minetech Resources rise 5% on new solar plant contract

PETALING JAYA: Minetech Resources Bhd's share price rose half a sen or 5% this morning, after it bagged a contract to develop a large-scale solar photovoltaic plant in Manjung, Perak. At 11.13am, the stock stood at 10.5 sen with 429,200 shares changing hands. Yesterday, the group said its 70%-owned unit Coral Power Sdn Bhd has accepted the letter of award 11

April 25, 2018 1:43 AM Migrant caravan arrives at US-Mexican border

MEXICALI, Mexico: Around 100 Central American migrants from a caravan that infuriated President Donald Trump arrived Tuesday at the US-Mexican border, where many plan to seek asylum in the United States, according to organisers. Two busloads of migrants arrived in the border city of Mexicali – which sits opposite Calexico, California – and paused for a rest stop before 10

April 24, 2018 8:51 AM Lotte Chemical not seeing margin squeeze despite rising oil prices

KUALA LUMPUR: Despite higher oil prices, petrochemical firm Lotte Chemical Titan Holdings Bhd foresees its profit margin remaining at a reasonable level given strong demand for petrochemical products with limited market supply capacity. "Our business is a margin game. As long as there is strong demand with limited supply, the margin will be maintained 9

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 6