Search Results for: Malaysia

BY MARK ROWE
MALAYSIA Mining Corp, (MMC), is to pay US$505 million, (Pounds 360 million/Malaysian ringit 1.9 billion), to purchase a majority stake in Malaysia’s newest port. The 50.1 per cent stake in the Tanjung Pelepas container port is a further sign that the power and engineering group is seeking to diversify its portfolio and reduce its reliance on the mining sector.…

BY MARK ROWE
THE ENGINEERING and power group Malaysia Mining Corp is to buy a US$ 505 million stake in Tanjung Pelepas, Malaysia’s newest port. The company told the Malaysian stock market last Tuesday that it had purchased a 50.1 per cent holding in the country’s newest port in Tanjung Pelepas, in a move designed to expand its infrastructure business.…

BY SWINEETHA DIAS WICKRAMNAYAKE
THE SRI Lanka government is considering proposals to set up a series of power plants fuelled by natural gas, with companies from Australia, the Middle East and Malaysia are among those making proposals to Columbo. Ministers have highlighted plans for an Australian company to install three 350MW natural gas power plants over nine years.…

Keith Nuthall
A DEAL has been stuck at the World Trade Organisation’s goods council, which will extend the time that eight developing countries can erect trade barriers to restrict the import of components for automobile manufacturing, to promote local engineering companies.…

BY MONICA DOBIE
ALBERTA- based Talisman Energy Inc., of Canada, has acquired Lundin Oil AB, of Sweden for CAN$529 million. The deal will bring Talisman exploitable land in Malysia and Lundin’s interests in the North Sea, Malaysia, Vietnam and Papua New Guinea.…

BY KEITH NUTHALL
THE EUROPEAN Commission has tried to make up for its failure to strike fishing access deal with Morocco by forging an improved agreement with its north African neighbour Mauritania which Brussels claims its “the most important with a third country” that it has made.…

BY KEITH NUTHALL
THE INDONESIAN navy has recovered a stolen oil tanker from pirates, who seized it near the Shell refinery at Port Dickson, the Malacca Straits. The International Maritime Bureau – part of the International Chamber of Commerce – provided important information about the ship, via its Piracy Reporting Centre in Malaysia.…

BY KEITH NUTHALL
AN INTERNATIONAL action plan to fight forest fires is being drawn up with the assistance of the UN Food and Agricultural Organisation. Experts from Australia, Brazil, Canada, Denmark, Ethiopia, Germany, Greece, Italy, Malaysia, Mexico, South Africa, Spain, Turkey and USA have been discussing proposals for a system involving mutual assistance and coordinated approaches to forest fire management.…

BY SWINEETHA WICKRAMANAYAKE AND ANNIE KEY
PROPOSALS are in the pipeline for airport construction projects, expansions and refurbishments throughout India and Sri Lanka. Over the next five years, there are plans to launch at least five new airports throughout the region, although it in anticipated that significant support from their respective governments will be required for them to be a fully fledged success.…