<div class=newsTextDataWrapInner><p>SINGAPORE (Feb 24): PACC Offshore Services Holdings (POSH) has secured long-term charters for five vessels to the Middle East worth in total of about $119.5 million.</p></div>

<div class=newsTextDataWrapInner><p>In one&nbsp;contract,&nbsp;POSH will supply four new utility vessels to a Saudi Arabian national oil and gas major, primarily to support its offshore maintenance work in the Persian Gulf.</p></div>

<div class=newsTextDataWrapInner><p>The vessels will commence their&nbsp;charter progressively from the first quarter of 2017 for five years, with options to extend,&nbsp;says POSH.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The operator of offshore support vessels expects to deliver the first three vessels in the first half of 2017, while&nbsp;the fourth will be delivered in June the same year.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, under&nbsp;the second contract secured from a Qatari client, POSH will supply a vessel for charter,&nbsp;for five years&nbsp;starting from the first quarter of 2016.</p></div>

<div class=newsTextDataWrapInner><p>Shares of POSH ended flat at 29 cents.</p></div>


SINGAPORE (Feb 24): PACC Offshore Services Holdings (POSH) has secured long-term charters for five vessels to the Middle East worth in total of about $119.5 million.

In one contract, POSH will supply four new utility vessels to a Saudi Arabian national oil and gas major, prima...

POSH secures five long-term charters worth $119.5 mil

The Department of Irrigation and Drainage (DID) has forecast potential flooding in nine districts in Kelantan over three days from Sunday (Dec 29).

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Japan Airlines (JAL) said on Thursday it was hit by a cyberattack that caused delays to some domestic and international flights.

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Japan’s retail and tourism-related shares gained after the government agreed with China to introduce more measures to promote travel between the two countries.

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Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday.

Russia is using bitcoin in foreign trade, finance minister says

Lawmakers in Bosnia's Serb Republic regional parliament ordered Serb representatives in state institutions on Wednesday to block decision-making and law changes needed for the Balkan country's integration into the European Union.

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China is allowing local officials to invest in more areas with a key government bond while also simplifying its approval process in a bid to make better use of an important source of public funding to drive the economy.

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The Japanese government is expected to approve a record initial budget Friday for the next fiscal year that will ramp up spending on defence and support for regional economies.

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China's commerce ministry said on Wednesday it would extend its anti-dumping investigation into brandy originating from the European Union by three months, less than the full extension allowed under its previous guidance.

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Uber Technologies Inc said it remained committed to Taiwan after the island’s anti-trust regulator rejected its plan to buy Delivery Hero SE’s Foodpanda business on the island for US$950 million (RM4.26 billion).

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<p>Yildiz Holding AS, the Turkish conglomerate behind Godiva chocolates and McVitie’s biscuits, will sell its marinas to focus on its core food and retail businesses.</p>


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<p>Azerbaijan Airlines suspended flights to two cities in southern Russia after a passenger plane heading in that direction was diverted across the Caspian Sea and crashed near the city of Aktau in Kazakhstan, killing dozens.</p>


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<p>Oil steadied after an advance on Tuesday, with China’s stimulus measures and the outlook for US stockpiles in focus.</p>


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<p>Fourteen members of the Syrian police were killed in an "ambush" by forces loyal to the ousted government in the Tartous countryside, the transitional administration said early on Thursday, as demonstrations and an overnight curfew elsewhere marked the most widespread unrest since Bashar al-Assad's removal more than two weeks ago.</p>


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<p>Asia’s benchmark stock index rose as equities gained in Japan and South Korea, while several other regional markets remain shut for holidays. Sentiment was boosted after US shares extended this year’s rally on Tuesday.</p>


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<p>Japan Airlines (JAL) said on Thursday it was hit by a cyberattack that caused delays to some domestic and international flights.</p>


<p>No Malaysians were involved in the tragic crash of Azerbaijan Airlines Flight J2-8243, an Embraer 190 aircraft, near Aktau International Airport, Kazakhstan, earlier on Wednesday.</p>


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<p>China’s first polysilicon futures debuted on Thursday, as a new hedging tool for a market that has been struggling with massive price volatility.</p>


<p>Japan’s retail and tourism-related shares gained after the government agreed with China to introduce more measures to promote travel between the two countries.</p>


<p>Lawmakers in Bosnia's Serb Republic regional parliament ordered Serb representatives in state institutions on Wednesday to block decision-making and law changes needed for the Balkan country's integration into the European Union.</p>


<p>China's commerce ministry said on Wednesday it would extend its anti-dumping investigation into brandy originating from the European Union by three months, less than the full extension allowed under its previous guidance.</p>


<p>Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday.</p>


<p>China is allowing local officials to invest in more areas with a key government bond while also simplifying its approval process in a bid to make better use of an important source of public funding to drive the economy.</p>


<p>The Japanese government is expected to approve a record initial budget Friday for the next fiscal year that will ramp up spending on defence and support for regional economies.</p>
