Sun12212014

LAST_UPDATESun, 21 Dec 2014 10am

Sona Petroleum Borrows US$140m To Finance Salamander Purchase

Sona Petroleum Bhd said October 28, 2014 that it would borrow US$140 million to part finance a purchase of a stake in London-listed Salamander Energy Plc. — Reuters picKUALA LUMPUR: Malaysia’s special-purpose acquisition company, Sona Petroleum Bhd, said today it is to borrow US$140 million (RM458 million) to part finance a proposed purchase of a stake in London-listed oil exploration and production company Salamander Energy Plc.

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Standard Chartered Profit Falls 16pc, Bank Predicts Lower Second-Half Profit

A woman walks down the stairs of the Standard Chartered headquarters in Hong Kong in this October 13, 2010 file photo. — Reuters pic HONG KONG: Standard Chartered Plc, which makes about three-quarters of its earnings in Asia, fell to the lowest in more than five years in London after forecasting a drop in second-half profit.

Read more: Standard Chartered Profit Falls 16pc, Bank Predicts Lower Second-Half Profit

KFC Malaysia Adds Two New Products To Menu

- Wikipedia picKUALA LUMPUR: KFC Malaysia has introduced two new products to its menu - the Bombay Fiery Crunch and Bombay Fiery Crunch Burger.

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Forbes Names Alibaba Founder Jack Ma Richest Person In China

The founder of e-commerce giant Alibaba, Jack Ma, is China's richest person with a fortune of $19.5bn (£12bn), Forbes Media said.

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Official Confirms Malaysia To Increase B7 Biodiesel Production From November

KUALA LUMPUR - Malaysia will increase the amount of palm oil in biodiesel from 5 per cent to 7 per cent from November, as the world’s No. 2 palm grower tries to reduce stockpiles and prop up prices that have fallen nearly 20 per cent this year.

Read more: Official Confirms Malaysia To Increase B7 Biodiesel Production From November

IATA Urges Global Cooperation In Aviation Security

KUALA LUMPUR: Aviation industry players must embrace new ways of working together on security issues, says the International Air Transport Association (IATA).

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Malaysia To Implement Biodiesel B7 Programme Next Month

Datuk Seri Douglas Uggah EmbasKUALA LUMPUR: Malaysia, the world’s largest palm oil producer after Indonesia, will implement the Biodiesel B7 programme for the subsidised sector next month.

Read more: Malaysia To Implement Biodiesel B7 Programme Next Month

KL Shares End Morning Session Lower

BursaKUALA LUMPUR: Share prices on Bursa Malaysia ended the morning session lower today, weighed down by losses in bluechips such as Allianz, Batu Kawan and British American Tobacco.

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Apple CEO Fires Back As Retailers Block Pay

Tim Cook  -Reuters picAPPLE INC(AAPL.O) CEO Tim Cook fired back at CVS (CVS.N) and Rite Aid (RAD.N) on Monday after the drugstore chains blocked the iPhone maker's mobile payments service, saying there were plenty of other retailers around the world to sign up.

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Twitter Reports Soaring Revenues But Struggles To Recruit New Users

-File picTWITTER'S share price dropped 10% in after-hours trading on Monday amid continuing signs of slowing growth at the social media company.

Read more: Twitter Reports Soaring Revenues But Struggles To Recruit New Users