Thu10232014

LAST_UPDATEThu, 23 Oct 2014 7am

Pertamina Cuts LPG Subsidy

Pic: ReutersJAKARTA: Indonesian state-owned oil and gas firm Pertamina today said it has raised the selling price of liquefied petroleum gas (LPG) by 23%, its second hike this year, to cut mounting losses from non-subsidised gas sales.

Read more: Pertamina Cuts LPG Subsidy

SEC Launches Sweeping Sanctions

Pic: ReutersWASHINGTON: US regulators charged 34 companies, corporate executives and major shareholders yesterday in a first-of-its-kind sweep into violations of federal laws that require insiders to disclose promptly their stock holdings and trades.

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Fox, Disney In Talks To Join Sony’s Internet-Based TV Service

21st Century Fox Inc and Walt Disney Co are considering to join Sony’s Internet-based TV service. — Reuters pic LOS ANGELES: 21st Century Fox Inc and Walt Disney Co are in discussions to supply Sony Corp with programming for its planned Internet-based TV service, according to people familiar with the conversations.

Read more: Fox, Disney In Talks To Join Sony’s Internet-Based TV Service

Singapore’s Economy Likely To Grow At Slower Pace, Full-Year Growth Expected At 3.3pc

Singapore’s full-year growth is now expected to come in at 3.3 per cent, based on median forecasts of 22 economists surveyed by the Monetary Authority of Singapore (MAS). ― Today pic SINGAPORE: The Republic’s economy is likely to grow at a slower pace this year than was expected three months ago, as an uneven global recovery coupled with economic restructuring at home continue to weigh on key economic sectors, a central bank survey of forecasters released yesterday showed.

Read more: Singapore’s Economy Likely To Grow At Slower Pace, Full-Year Growth Expected At 3.3pc

Dayang Enterprise: Eyeing More O&G Projects.

OilKUCHING: Dayang Enterprise Holdings Bhd (Dayang) is preparing to handle more jobs especially with a major portion of them to be derived from engineering, procurement, construction and commissioning (EPCC) of offshore structures in the oil and gas (O&G) industry.

Read more: Dayang Enterprise: Eyeing More O&G Projects.

Airasia Ready To Hire Excess MAS Staff

Pic: www.malaysia-today.netKUALA LUMPUR: Low-cost carrier AirAsia Bhd is willing to take in some of Malaysia Airlines (MAS) employees following Khazanah Nasional Bhd’s plan to lay off some 6,000 staff under the national carrier’s restructuring plan unveiled more than a week ago.

Read more: Airasia Ready To Hire Excess MAS Staff

Tasco Targets Between 8% And 10% Growth In Revenue For FY2015

Pic: journaler0203.blogspot.comSHAH ALAM: Logistics firm, Tasco Bhd, is targeting between 8% and 10% growth in revenue for the current financial year ending March 31, 2015, driven by its four business pillars namely air freight forwarding, ocean freight forwarding, contract logistics and trucking division, said its executive chairman Lee Check Poh.

Read more: Tasco Targets Between 8% And 10% Growth In Revenue For FY2015

Battersea To Finalise 1.35b Pounds Financing By End-Oct

Pic: The Sun DailyKUALA LUMPUR: Battersea Project Holding Co. Ltd. will finalise the 1.35 billion pounds financing for Phase 2 and Phase 3 of the Battersea Power Station project in London and kick off Phase 3 by end of October, said its chairman Tan Sri Liew Kee Sin.

Read more: Battersea To Finalise 1.35b Pounds Financing By End-Oct

Fernandes: MAS Restructuring Will Benefit Aviation Industry

Pic: The Sun DailyKUALA LUMPUR: The restructuring of Malaysian Airline System Bhd (MAS) will streamline the local aviation industry, keeping markets segmented and profiting both the premium and low cost carriers, said AirAsia Bhd group CEO Tan Sri Tony Fernandes.

Read more: Fernandes: MAS Restructuring Will Benefit Aviation Industry

Apple Will Be The New Itunes Of Contactless Payment

An attendee takes a photograph of the new Apple iPhone 6 during an Apple event at the Flint Center in Cupertino, California, September 9, 2014. — Reuters pic SAN FRANCISO: With typical immodesty, Apple presented yesterday its new payment system, Apple Pay, as if it had invented near-field communication—the more-than-a-decade-old technology that is already widely used for contactless payments.

Read more: Apple Will Be The New Itunes Of Contactless Payment