Petronas buys BP’s stakes for US$363 million
Petroliam Nasional Bhd (Petronas) will acquire BP’s 15 per cent and 60 per cent interests in Ethylene Malaysia Sdn Bhd (EMSB) and Polyethylene Malaysia Sdn Bhd (PEMSB) respectively for US$363 million cash (US$1 = RM3.14).
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KL shares end mixed
Share prices on Bursa Malaysia ended mixed Wednesday but the benchmark index stayed in the positive territory supported by strong buying interest, dealers said.
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Bukit Kiara reports RM1.2 million sales
After a successful debut last year at SHAREDA’s property expo, Bukit Kiara Properties (BKP) reported sale of RM1.2 million, besides strong buying interests at the just concluded four-day Propex 2010.
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FBM KLCI closes at 30-month high
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed at a 30-month high Monday, the highest since February 2008, driven by strong interest in key heavyweights like Genting, Maybank and Sime Darby, dealers said.
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PM: KLIA 2 will boost tourism
The new low-cost carrier terminal (LCCT) or KLIA 2 will mark the nation’s growth and leadership in aviation globally and serve as an economic stimulus for the country, Prime Minister Datuk Seri Najib Tun Razak said yesterday.
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Govt ‘almost ready’ to implement GST
The government has put in place all the necessary structure for the introduction of the Goods and Services Tax (GST), and is “almost ready” although the new tax regime would not be implemented next year.
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