KUALA LUMPUR: The formation of several task forces between Malaysia and Thailand is a timely move to boost agricultural cooperation and promote tourism in both countries. Malaysian Padi Farmers Brotherhood Organisation (PeSawah) special functions exco Abdul Rashid Yob said through the task forces, Malaysia would be able to gain knowledge and new ideas, learn from Thai...
KOTA KINABALU: Two mini-estates for padi cultivation are being fast-tracked by the Farmers' Association Board in Sabah in an effort to increase rice production. Its deputy director-general Amir Matamin said the 150ha mini-estates will be implemented in the east coast Terusan Sapi area in Beluran district and Kampung Kabatasan in northern Pitas. He said the project was...
KUALA LUMPUR: The benchmark FBM KLCI is expected to extend its recent gains given the less hawkish meeting minutes released by the US Federal Reserve, with the lower liners also expected to tick midly higher due to calmer market conditions, said Apex Research. Overnight, US stock markets recovered from their intraday losses to extend their rebound...
MIRI: Onshore well drilling in Sarawak commenced yesterday after a 50-year hiatus, marking a milestone for oil and gas (O&G) exploration. Sarawak Premier Tan Sri Abang Johari Tun Openg officially launched the commencement of the drilling in a ceremony held at the Grand Old Lady, the site where the first oil well in Malaysia was drilled...
PETALING JAYA: The initial public offering (IPO) exercise of machinery and equipment unit Borsig GmbH on the Singapore Exchange (SGX) should uplift KNM Group Bhd by aiding its repayments to creditors, says Borsig chief executive officer (CEO) Jurgen Stegger. In a statement yesterday, he highlighted that Borsig has continued to shine as a valuable asset within the KNM...
PETALING JAYA: The government needs to be bold and brave in terms of implementing strategies and reforms to tighten the fiscal screws in the upcoming Budget 2024, says Pankajkumar Bipinchandra, who is managing director of Datametrics Research and Information Centre. One of the effective ways to address the budget deficit is to cut fuel subsidies by...
KUALA LUMPUR: Bumi Armada Bhd's approval from the American Bureau of Shipping (ABS) for a proposed floating LNG (FLNG) concept is expected to open doors for the company. In an announcement yesterday, the offshore services provider said it had developed the barge-based liquefaction unit for a standardised LNG design capacity based on a modularised and repeatable compact...
KUALA LUMPUR: Investors on Bursa Malaysia continued to position themselves for the tabling of Budget 2024 on Friday amid a global market rally as recent comments from US Federal Reserve officials suggested fears of another rate hike were overdone. At 12.30pm, the benchmark FBM KLCI was up 9.05 points to 1,445.54 while the overall market was...
KUALA LUMPUR: The ringgit snapped two consecutive days of gains to open lower against the US dollar on cautious sentiment despite the weaker performance of the greenback. The US Dollar Index (DXY) declined from as high as 106.01 points to 105.82 points despite the US Producer Price Index for September coming in higher than expected. At 9...
KUALA LUMPUR: Low-cost carrier MYAirline has announced it will suspend its operations from Oct 12, 2023, until further notice due to "significant financial pressures" pending a shareholder restructuring and recapitalisation of the airline. "We have worked tirelessly to explore various partnership and capital raising options to prevent this suspension. "Unfortunately, the constraints of time have left us...
