L&T Construction gets contracts for various businesses
NEW DELHI: The construction arm of Larsen & Toubro (L&T) has gets orders from prestigious clients for various businesses. Metallurgical & Material Handling Business: Metallurgical and Material Handling (MMH) business has received orders to construct a metallurgical plant in the domestic market, add on orders from an overseas package and product supply orders from various […]
Exclusive: Malaysia to stop funding state carrier if talks with lessors fail -letter
By Anshuman Daga SINGAPORE: The parent of Malaysia Airlines has warned leasing companies that state fund Khazanah will stop funding the group and force it into a winding down process if restructuring talks with lessors are unsuccessful, according to a letter seen by Reuters. The warning from Malaysia Aviation Group (MAG), the holding company for […]
Malaysia Prime Minister says will speak out against ‘wrong things’ despite CAA row
KUALA LUMPUR: Malaysia is concerned about India’s new curbs on imports of palm oil after a diplomatic row, Prime Minister Mahathir Mohamad said on Tuesday, but indicated he would continue to speak out against “wrong things” even if it costs his country financially. India, the world’s biggest buyer of edible oils, last week changed rules […]
India asks importers to buy palm oil from Indonesia, not Malaysia: Report
NEW DELHI: India is likely to import more palm oil from Indonesia amid the government’s informal advisory to refiners not to buy the commodity from Malaysia following its remarks on the new citizenship law and Kashmir issue, according to government and industry sources. On Monday, the commerce ministry held a detailed meeting with edible oil […]
Four Muslim nations consider gold, barter trade to beat future sanctions
By Liz Lee KUALA LUMPUR: Iran, Malaysia, Turkey and Qatar are considering trading among themselves in gold and through a barter system as a hedge against any future economic sanctions on them, Malaysian Prime Minister Mahathir Mohamad said on Saturday. At the end of an Islamic summit in Malaysia, Mahathir praised Iran and Qatar for […]
Imran Khan to visit Malaysia next week; likely to seek monetary aid
By Sajjad Hussain ISLAMABAD: Prime Minister Imran Khan will visit Malaysia next week where he is likely to seek monetary assistance to minimise the cash-strapped Pakistan’s dependence on an IMF bailout package. The Foreign Office said that Prime Minister Khan would be accompanied by a high-level delegation during his official trip to Malaysia on November […]