Archive | August, 2003

CHINA: PetroChina higher after H1 results

PetroChina Co Ltd (857.HK) shares have hit new highs after the company reported strong first half results early this week, dealers said. On the NYSE, it rose to more than US$34. The company reported a first half net profit of 38.619 billion yuan, compared with 19.076 billion in the year-ago period. Sales rose to 147.960 […]

Continue Reading 0

PHILIPPINES: Manila may declare failure of bidding for power transmission assets

MANILA (AFX-ASIA) – National Transmission Co president Alan Ortiz said the government may declare another failed bidding for the privatization of the National Transmission Co, after no new company expressed interest. “Most probably we may declare a second failed bidding since no new company submitted interest to join the bidding,” he said. Energy officials are […]

Continue Reading 0

MALAYSIA: Law to mix palm oil, diesel mix under study

Malaysia is considering legislation to mandate the blending of diesel with palm oil as an environmentally-friendly fuel, according to The Star newspaper quoting Primary Industries Minister Lim Keng Yaik. “My ministry is working out the economic model for the legislation to ensure that blended diesel fuel will not become expensive whenever the price of palm […]

Continue Reading 0

Developed by Bowtie