Mon09252017

LAST_UPDATEMon, 25 Sep 2017 1am

Felda Represents M'sian Govt's Interest In EHP Acquisition

BANGI -- The Federal Land Development Authority (Felda) is an intermediary for the Malaysian government in the acquisition of Indonesian oil palm planter, PT Eagle High Plantations Tbk (EHP).

Read more: Felda Represents M'sian Govt's Interest In EHP Acquisition

IMF: Thai Economy Should Grow 3.5 Pct In 2017

BANGKOK -- The International Monetary Fund (IMF) has projected that the Thai economy should grow by 3.5 per cent year-on-year on average this year, which is much higher than its 1.5 per cent expansion on average over the past six to seven years, Thai News Agency (TNA) reported.

Read more: IMF: Thai Economy Should Grow 3.5 Pct In 2017

EPF Has No Plan To Sell Stake In PLUS

KAJANG: The Employees Provident Fund (EPF), has no plan to dispose of its 49 per cent stake in highway operator, PLUS Malaysia Bhd, as the investment in the company was reaping good returns for the pension fund.

Read more: EPF Has No Plan To Sell Stake In PLUS

Mazda To Launch World's Most Fuel-Efficient Engine In 2019

Mazda Motor President Masamichi Kogai speaks at a news conference in Tokyo, Japan August 8, 2017. Picture by Reuters.KIM KYUNG-HOON

TOKYO: Japanese automaker Mazda Motor Corp. said Tuesday it will commercialise a next-generation gasoline engine in 2019 that will be between 20 and 30 per cent more fuel efficient than existing models, making it the world's least gas-eating engine, Japan's Jiji Press reported.

Read more: Mazda To Launch World's Most Fuel-Efficient Engine In 2019

EIS Moving Into Consultation Phase

Pic: MySinChew

The Employment Insurance Scheme (EIS) passed in the first reading at the Dewan Rakyat last week has since raised controversies. Consequently the cabinet has appointed human resources minister Richard Riot Jaem, second finance minister Johari Abdul Ghani and ministers in the PM's department Wee Ka Siong and Paul Low to further deliberate on this matter with representatives of stakeholders.

Read more: EIS Moving Into Consultation Phase

Disney To Pull Movies From Netflix, Plans Own Streaming Service

Walt Disney Co (DIS.N) will stop providing new movies to Netflix Inc (NFLX.O) starting in 2019 and launch its own streaming service as the world's biggest entertainment company tries to capture digital viewers who are dumping traditional television.

Read more: Disney To Pull Movies From Netflix, Plans Own Streaming Service

Naza Hands Over MITEC To Govt

KUALA LUMPUR -- Naza Corporation Holdings Sdn Bhd (Naza Group), Malaysia's largest bumiputera conglomerate, has officially handed over the RM628 million Malaysia International Trade and Exhibition Centre (MITEC) to the government.

Read more: Naza Hands Over MITEC To Govt

Minetec Unit Bags MRT Line 2 Sub-Contract Job Worth RM16.28 Mln

KUALA LUMPUR – Minetech Resources Bhd’s (Minetec) wholly-owned subsidiary, Minetech Construction Sdn Bhd (MCSB), has accepted the Letter of Acceptance from CHEC Construction (M) Sdn Bhd, appointing MCSB as a sub-contractor for the Mass Rapid Transit Line 2: Sungai Buloh-Serdang-Putrajaya project valued at RM16.28 million.

Read more: Minetec Unit Bags MRT Line 2 Sub-Contract Job Worth RM16.28 Mln

BIMB Appoints New CEO

KUALA LUMPUR -- BIMB Holdings Bhd (BIMB) has appointed Khairul Kamarudin, 44, as Chief Executive Officer (CEO) to succeed Datuk Seri Zukri Samat, who retired as BIMB Holdings Group CEO and Bank Islam Managing Director.

Read more: BIMB Appoints New CEO

AATC To Save Airlines Up To 20 Pct In Flight Crew Training Costs

SINGAPORE -- The Airbus Asia Training Centre (AATC) here will help an airline save about 20 per cent of the training cost for pilots, said General Manager, Yann Lardet.

Read more: AATC To Save Airlines Up To 20 Pct In Flight Crew Training Costs