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Most Malaysians view palm oil as healthier than soyoil – UCSI Poll

KUALA LUMPUR, Nearly 80 per cent of Malaysian residents agree that palm oil is a healthier option to soyoil, according to the result of a recent survey by the UCSI Poll Research Centre. The research…

Kumpulan Perangsang’s associate receive takeover offer for entire stake in Sprint

KUALA LUMPUR, Kumpulan Perangsang Selangor Bhd’s 20 per cent associate, Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (Sprint) has received takeover offer for the acquisition of all securities including ordinary shares, preference shares and…

Malaysia told to increase productivity to become high-income nation

KUALA LUMPUR, Malaysia needs to increase its productivity if it is to achieve its goal to become a high-income nation in the next decade, said International Monetary Fund (IMF) managing director Christine Lagarde. She said…

PNB says won’t be property developer upon completion of projects

KUALA LUMPUR, Permodalan Nasional Bhd (PNB) will no longer be a property developer with the completion of its PNB 118 and PNB 1194 projects, says chief executive officer Datuk Abdul Rahman Ahmad. PNB is very…

Goldman Sachs’ offer is ‘peanuts’ – Tun M

KUALA LUMPUR, Prime Minister Tun Dr Mahathir Mohamed has described the RM1 billion offered by Goldman Sachs as compensation for the role it played in 1Malaysia Development Bhd (1MDB) scandal as peanuts and not adequate.…

Lynas reiterates commitment to remove NORM found within rare earths in Australia

KUALA LUMPUR, Lynas today reiterated its commitment to Malaysia and to removing the Naturally Occurring Radioactive Material (NORM) found within Rare Earths in Australia. Lynas Malaysia Sdn Bhd (Lynas) managing director and vice-president Datuk Mashal…

Battersea project outperforms despite Brexit woes

LONDON, Investors’ confidence in the Malaysian-led Battersea Power Station redevelopment project in the city is solid despite Brexit woes. Battersea Power Station Development Company Ltd chief financial officer Benn Zemek said the uptake of residential…