Fri09222017

LAST_UPDATEFri, 22 Sep 2017 4pm

Minetec Unit Bags MRT Line 2 Sub-Contract Job Worth RM16.28 Mln

KUALA LUMPUR – Minetech Resources Bhd’s (Minetec) wholly-owned subsidiary, Minetech Construction Sdn Bhd (MCSB), has accepted the Letter of Acceptance from CHEC Construction (M) Sdn Bhd, appointing MCSB as a sub-contractor for the Mass Rapid Transit Line 2: Sungai Buloh-Serdang-Putrajaya project valued at RM16.28 million.

Read more: Minetec Unit Bags MRT Line 2 Sub-Contract Job Worth RM16.28 Mln

BIMB Appoints New CEO

KUALA LUMPUR -- BIMB Holdings Bhd (BIMB) has appointed Khairul Kamarudin, 44, as Chief Executive Officer (CEO) to succeed Datuk Seri Zukri Samat, who retired as BIMB Holdings Group CEO and Bank Islam Managing Director.

Read more: BIMB Appoints New CEO

AATC To Save Airlines Up To 20 Pct In Flight Crew Training Costs

SINGAPORE -- The Airbus Asia Training Centre (AATC) here will help an airline save about 20 per cent of the training cost for pilots, said General Manager, Yann Lardet.

Read more: AATC To Save Airlines Up To 20 Pct In Flight Crew Training Costs

Abu Dhabi Gives 1MDB Until Aug 31 To Make US$603m Payment, Says Source

Pic: ReutersABU DHABI has given 1Malaysia Development Berhad (1MDB) until Aug 31 to make a US$603 million (RM2.58 billion) debt settlement payment that was due on Tuesday, an Abu Dhabi based source with knowledge of the matter said.

Read more: Abu Dhabi Gives 1MDB Until Aug 31 To Make US$603m Payment, Says Source

McDonald's To Open 2,000 More China Stores By End-2022

Pic: ReutersSHANGHAI: McDonald's Corp will increase its number of stores in mainland China to 4,500 by the end of 2022, up from 2,500 currently, as part of a strategic partnership with Citic Ltd and the Carlyle Group, it said on Tuesday.

Read more: McDonald's To Open 2,000 More China Stores By End-2022

DBhd Eyes More Parking Projects

DAMANSARA Realty Bhd (DBhd) is negotiating for more parking projects in Malaysia and in Singapore.

Read more: DBhd Eyes More Parking Projects

Corporate Transparency Levels Still Low: :MIGC

KUALA LUMPUR: The Malaysian Institute of Corporate Governance (MICG) said the disclosure practices and levels of transparency among corporates are still fall short of expected standards.

Read more: Corporate Transparency Levels Still Low: :MIGC

iflix Completes US$144m Funding Exercise

KUALA LUMPUR: iflix, a leading subscription video on demand service for emerging markets, has completed a US$133 million (US$1=RM4.28) funding round, as it aspired to continue in delivering its vision of bringing the world’s best entertainment to its audiences.

Read more: iflix Completes US$144m Funding Exercise

Fluor Awarded Contract For Petronas Isononanol Chemical Plant In Malaysia

TEXAS: Fluor Corporation announced today that it was awarded an engineering, procurement and construction management (EPCM) contract by PETRONAS Refinery and Petrochemical Corporation Sdn. Bhd. for an isononanol plant located in Pengerang, Johor, Malaysia.

Read more: Fluor Awarded Contract For Petronas Isononanol Chemical Plant In Malaysia

Cabotage Policy Exemption Means Cheaper Goods

Pic: SunpixKUALA LUMPUR: The cabotage policy exemption for cargo shipping activities from ports in the peninsula to Sabah, Sarawak and Labuan F.T. is expected to lower goods price in East Malaysia.

Read more: Cabotage Policy Exemption Means Cheaper Goods