KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) said not enough investment was made in oil and gas projects during the times when oil prices were low especially in the projects that required a long gestation period. President and group chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin said that in the last few years, there […]
Read MoreA number of bankers have acknowledged that they favor state-owned enterprises (SOEs) when disbursing loans, with SOEs accounting for almost 30 percent of funding recipients, the maximum quota allowed by the Financial Services Authority (OJK). The lenders claim that the loans were largely disbursed to finance the government’s infrastructure projects across the country. State-owned lender […]
Read MoreFive companies listed on the Cambodia Securities Exchange reported sharp increases in profits last year. For in depth analysis of Cambodian Business, visit Capital Cambodia The CSX reported yesterday that the higher profits brought the Net Profit Margin (NPM) to 20.89 percent, a rise from previous years. Leading the pack was state-owned Phnom Penh Autonomous Port […]
Read MoreMANILA, Philippines — State-run Power Sector Assets and Liabilities Management Corp. is proposing to recover P10.8 billion from consumers to cover the stranded contract costs (SCC) and stranded debts (SD) of National Power Corp. The company will be filing applications with the Energy Regulatory Commission within the week for the recovery of P6.12 billion in […]
Read MoreThe high-speed rail project linking Suvarnabhumi, Don Mueang and U-tapao airports and the third phase of Map Ta Phut port worth a combined 271 billion baht are scheduled to see the winning bidders sign contracts early next month. Deputy Prime Minister Somkid Jatusripitak said on Monday that only two of the five megaprojects planned under […]
Read MoreTOKYO: Asia’s largest retailer is hoping that a US$280,000 annual salary and a managerial title in three years will lure top talent as it grapples with one of the tightest labour markets in Japanese history. The salary being considered by Uniqlo owner Fast Retailing Co would be more than three times the average pay at […]
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