Sapura Energy’s failed Yunlin wind farm job reflective of wider industry trend
KUALA LUMPUR: Sapura Energy Bhd’s contract termination of the Yunlin offshore wind farm in Taiwan will be negative for the company, Kenanga Research said. Kenanga Research analyst Steven Chan said the failure of the project for Sapura Energy was reflective of a wider trend in the industry, whereby many oil and gas (O&G) names were […]
Berjaya Land hopeful of 2022 tourism turnaround
KUALA LUMPUR: Berjaya Land Bhd (Bland) believes 2022 will be a recovery year for the domestic tourism industry, although it is cautiously optimistic about the pace of the recovery. BLand chief executive officer Syed Ali Shahul Hameed said signs of recovery had been seen since late last year, with increased bookings from October 2021 compared […]
Amazon looks at offer for Peloton amid rising share price
NEW YORK: Peloton Interactive Inc has drawn interest from potential buyers including e-commerce giant Amazon.com Inc, according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fuelled growth. Shares of Peloton surged 30% in extended trading on the news, which comes days after activist investor Blackwells Capital urged the […]
Toshiba unveils new plan to split into two companies
TOKYO, Feb 7 — Japan’s Toshiba on Monday announced plans to split into two companies, revising a controversial proposal to divide into three following a tumultuous period for the storied industrial conglomerate. The group said it plans to spin off its device segment, including its semiconductor business, in a bid to speed up decision-making and […]
EMCO at Taman Rimba, Pahang from Feb 7-20
KUALA LUMPUR: An Enhanced Movement Control Order (EMCO) will be implemented at Taman Rimba, Mentakab in Temerloh, Pahang from today until Feb 20. National Security Council (MKN) director-general Datuk Rodzi Md Saad in a statement informed that the EMCO in the locality was enforced following the Ministry of Health’s presentation on Covid-19 risk assessments and infection […]
Khairy fails to appeal 2017 High Court ruling on Anwar’s defamation suit
KUALA LUMPUR, Feb 7 — Health Minister Khairy Jamaluddin has lost his appeal against the defamation suit filed 14 years ago by Opposition Leader Datuk Seri Anwar Ibrahim, in relation to a statement made during a political rally. According to a report by local daily The Star, a three-man panel of the Court of Appeal in Putrajaya […]
Malaysia Covid-19 cases continue to soar, 11,034 infections today
KUALA LUMPUR, Feb 7 — Malaysia’s daily Covid-19 cases reached another milestone for this year after recording 11,034 new infections for the past 24 hour. The last time Malaysia recorded above 11,000-mark was on October 1, last year after recording 11,889 that day. The latest figure represents a marked increase of 945 cases from the […]
MACC raids Mara Corp offices in KL
KUALA LUMPUR: Graft-busters have begun investigations into allegations of abuse of power and mismanagement at Majlis Amanah Rakyat (Mara)’s investment holding company Mara Corp. It is learnt that Malaysian Anti-Corruption Commission (MACC) personnel have raided three offices in the city at Jalan Mara, Jalan Tuanku Abdul Rahman and Jalan Bukit Bintang. The raids at Jalan […]
Australia to welcome back international tourists after nearly two years
SYDNEY (Reuters) -Australia will fully reopen its borders to all vaccinated visa holders from Feb. 21, Prime Minister Scott Morrison said on Monday, nearly two years after he shut the border to non-citizens to slow the spread of the new coronavirus. Australia closed the border in March 2020 but began allowing skilled migrants, international students […]
