Thu04272017

LAST_UPDATEThu, 27 Apr 2017 9am

PGB To Spend RM500 Million In Current Financial Year

Pic: Reuters

KUALA LUMPUR: Petronas Gas Bhd (PGB) is spending more than RM500 million in capital expenditure (capex) in the current financial year ending Dec 31, 2017.

Read more: PGB To Spend RM500 Million In Current Financial Year

Japan Says It's Committed To G20 Agreement On Forex Policy

Pic: ReutersJapan is committed to the G20 agreement on foreign-exchange policy and is not manipulating its currency, Chief Cabinet Secretary Yoshihide Suga, the country's top government spokesman, said on Monday.

Read more: Japan Says It's Committed To G20 Agreement On Forex Policy

MMA Refutes Suggestion Of Widespread Tax Evasion Claim

KUALA LUMPUR: The Malaysian Medical Association (MMA) said it is deeply disappointed by a news article today which seemed to imply that tax evasion by doctors was widespread.

Read more: MMA Refutes Suggestion Of Widespread Tax Evasion Claim

Oil Down Slightly In Subdued Trade After Failed North Korean Missile Test

Pic: Reuters

Crude oil futures fell slightly in quiet trading on Monday, after a three-day Easter break, as investors digested a third consecutive weekly gain in prices along with North Korea's failed missile launch on Sunday.

Read more: Oil Down Slightly In Subdued Trade After Failed North Korean Missile Test

South Korea Pension Fund Accepts Daewoo Shipbuilding Bailout Proposal

Photo: Reuters

A South Korean pension fund on Monday accepted a debt-to-equity swap proposal for bondholders of troubled Daewoo Shipbuilding & Marine Engineering (042660.KS), greenlighting the country's latest plan to bail out the world's largest shipbuilder.

Read more: South Korea Pension Fund Accepts Daewoo Shipbuilding Bailout Proposal

MAS Airline Dedicated For Haj/Umrah To Start Flying Pilgrims By End-2018

Pic: BernamaKUALA LUMPUR: Malaysia Airlines' new dedicated carrier for its Haj and Umrah flights is expected to begin operations by the end of next year, said MAS Chief Executive Officer, Peter Bellew.

Read more: MAS Airline Dedicated For Haj/Umrah To Start Flying Pilgrims By End-2018

Saudi To Shelve, Reform Billions Of Dollars Of Unfinished Projects - Sources

Pic: ReutersRIYADH: Saudi Arabia's government is ordering its ministries and agencies to review billions of dollars' worth of unfinished infrastructure and economic development projects with a view to shelving or restructuring them, government sources said.

Read more: Saudi To Shelve, Reform Billions Of Dollars Of Unfinished Projects - Sources

Asia Stocks, Dollar Under Pressure After Soft U.S. Data

Pic: Reuters

TOKYO: Shares dipped on Monday while the dollar and U.S. bond yields fell after soft U.S. economic data hurt investor sentiment already frayed by worries over North Korea and upcoming French elections.

Read more: Asia Stocks, Dollar Under Pressure After Soft U.S. Data

Petronas To Expand LNG Portfolio In China

Pic: BernamaKUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is set to expand its liquefied natural gas (LNG) business in China, extending its reach to the country s southern region while looking to expand the volume of supply to its existing buyers.

Read more: Petronas To Expand LNG Portfolio In China

Dollar At Five-Month Low Vs Yen On Increasing North Korea Tensions

Pic: Reuters

TOKYO: The dollar dipped to a five-month low against the yen early on Monday as rising tensions over North Korea kept the safe-haven Japanese currency in demand.

Read more: Dollar At Five-Month Low Vs Yen On Increasing North Korea Tensions