YTL Power’s unit to buy power plant in Singapore for RM1 bil

YTL Power International Bhd’s wholly-owned subsidiary, YTL PowerSeraya Pte Ltd, has proposed to acquire the power plant and associated assets of Tuaspring Pte Ltd for S$331.45 million (RM1 billion).... Read more »

TH announces 3.05% dividend

Tabung Haji says it will pay out RM2.1 billion this year, after last year’s record low dividend of of RM913 million. Tabung Haji (TH) today announced a profit distribution... Read more »

Airlines plead for state relief after virus pummels travel

Airlines in Europe and the US cut flights, idled planes and drafted plans to eliminate jobs, while seeking government support to weather the most brutal downturn in the industry’s... Read more »

China central bank to conduct unexpected MLF operations on Monday – traders

China’s central bank will conduct medium-term lending facility (MLF) operations on Monday, traders said. There is no MLF loan due to expire on the day. Markets will closely watch... Read more »

More U.S. retailers shut stores to limit coronavirus spread

More major retailers said on Sunday they would shut stores in the United States to limit the spread of the coronavirus, including Nike, Under Armour , and Lululemon Athletica,... Read more »

Sime Darby expected to gain from disposal of its Tesco Malaysia stake

‘Should it choose to pay out the disposal proceeds, it would be approximately 1.85 sen per share’. Tesco plc announced that it had agreed to sell its entire shareholdings... Read more »

MISC could benefit as oversupply of oil bullish for its freight rates

Recall that the US Energy Information Administration cut its global oil demand growth forecast for 2020 by 310,000 barrels per day. Nevertheless, the latest chain of events involving Russia... Read more »

Royal Caribbean may be reduced to junk by S&P

Royal Caribbean has increased its credit capacity amid turmoil in the travel industry. S&P Global Ratings is taking aim at two cruise lines that have been battered by the... Read more »

Saudi, Russia raise stakes in oil production standoff

Saudi Arabia said on Tuesday it would boost its oil supplies to a record high in April, raising the stakes in a standoff with Russia and effectively rebuffing Moscow’s... Read more »

McDonald’s to pay corporate workers for 2 weeks in quarantine

McDonald’s Corp said it will offer employees of corporate-owned US restaurants two weeks of pay in the event of a quarantine, making the fast-food chain the latest company to... Read more »