<div class=newsTextDataWrapInner><p>SINGAPORE (May 27): Vitol plans to build a 35,000 b/d simple crude distillation unit (CDU) at Tanjung Bin in Malaysia, with start-up in 2Q 2020, says a person familiar with the company’s plans, who asked not to be identified as the information isn’t public.</p></div>

<div class=newsTextDataWrapInner><p>* The CDU is expected to produce low-sulfur fuels to meet new IMO 2020 rules that’ll take effect from Jan. 1</p></div>

<div class=newsTextDataWrapInner><p>* The unit, however, will not have strong sulfur-reducing abilities</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>** Depending on the sulfur-content of crude that’s refined at the CDU, output will range from low-sulfur to high-sulfur fuel oil</p></div>

<div class=newsTextDataWrapInner><p>* Facility will be built near an existing tank farm site that’s partly owned by Vitol</p></div>

<div class=newsTextDataWrapInner><p>* Vitol’s spokeswoman in London declined to comment</p></div>


Vitol plans to build a 35,000 b/d simple crude distillation unit (CDU) at Tanjung Bin in Malaysia, with start-up in 2Q 2020, says a person familiar with the company’s plans, who asked not to be identified as the information isn’t public.

Vitol plans new crude distillation unit at Tanjung Bin

The Thai baht extended its decline while the Indonesian rupiah pared losses after their respective central banks held rates steady as expected on Wednesday, while regional stock markets were mixed as investors braced for the US central bank policy.

Asian stocks mixed ahead of Fed meeting; Indonesia, Thailand stand pat on rates 

KUALA LUMPUR (Dec 18): Malaysian Investment Development Authority (Mida) has hosted a landmark gathering of the nation’s most influential investment ecosystem partners, highlighting its commitment to support investors in a stronger and more unified investment landscape.

Mida’s commitment to investors — A stronger, more unified investment landscape

WITH hurried footsteps, a group of middle-aged professionals pour out of their office after another later-than-usual meeting in the bustling Central District, the business and retail heart of Hong Kong crammed with skyscrapers, swanky malls and luxury hotels. They are making for the nearest mass ...

Hong Kong rolls up sleeves to bolster FDI

Nissan Motor Co has become the latest buyout target in Japan, as it explores a merger with Honda Motor Co and faces an overture from Hon Hai Precision Industry Co, the Taiwan-based manufacturer of iPhones known as Foxconn.

Honda exploring Nissan merger, with Foxconn also in hunt for stake

The Health Ministry (MOH) will introduce a rotation system to improve the placement of medical officers, particularly in rural and urban areas, to address the shortage of workers in the sector.

MOH to introduce rotation system to address workforce shortage

The US Department of Defense on Wednesday announced the repatriation of two Guantanamo Bay detainees to Malaysia, where the government said it was planning a reintegration programme for the two men.

US repatriates two Guantanamo Bay detainees to Malaysia

UniCredit SpA has increased its holding in Commerzbank AG to about 28%, ratcheting up chief executive officer Andrea Orcel’s pursuit of the German lender.

UniCredit says it has increased Commerzbank stake to about 28%

China’s central bank sent its first signal in months of its discomfort with the record-setting sovereign bond rally, triggering a slide in the market.

China pushes back against bond frenzy, sends yields climbing

Heathrow said on Wednesday it planned to invest £2.3 billion (US$2.92 billion or RM13 billion) over the next two years to upgrade Britain's busiest airport.

London's Heathrow to invest nearly US$3b to upgrade airport

Former finance minister Lim Guan Eng has filed an appeal against the High Court's failure to order former prime minister Tan Sri Muhyiddin Yassin to pay interest on damages over defamatory statements concerning tax breaks for Tan Sri Syed Mokhtar Al-Bukhary’s charity foundation Yayasan Albukhary.

Yayasan Albukhary: Guan Eng files appeal, seeking interest on damages awarded

<p>The proposed abolition of the Rule of 78 by Bank Negara Malaysia could “pave the way” for similar reforms in other financing products, including hire purchases, having a larger impact on the banking sector, according to Phillip Capital.</p>


Bank Negara's plan to abolish Rule of 78 may lead to wider financial reforms, says Phillip Capital

<p>Nissan Motor Co has become the latest buyout target in Japan, as it explores a merger with Honda Motor Co and faces an overture from Hon Hai Precision Industry Co, the Taiwan-based manufacturer of iPhones known as Foxconn.</p>


<p>Fashion firm Carlo Rino Group Bhd (KL:CARLORINO) made a weak debut on the ACE Market of Bursa Malaysia, after it raised some RM46 million from its initial public offering (IPO).</p>


Carlo Rino stages weak debut in ACE Market transfer listing

<p>KUALA LUMPUR (Dec 18): Shares of United Plantations Bhd (KL:UTDPLT) hit fresh all-time intraday high in early morning trade on Wednesday. The stock gained 2% to touch RM33.06 to become the top gainer on Bursa Malaysia.</p>


United Plantations hits fresh record intraday high at RM33.06

<p>Solar renewable energy specialist Northern Solar Holdings Bhd, en route to list on the ACE Market of Bursa Malaysia on Feb 6, is looking to raise up to RM64.8 million from the public market to part-finance its business expansion and for working capital.</p>


ACE Market-bound Northern Solar seeks to raise up to RM65m in IPO

<p>KUALA LUMPUR (Dec 18): Jati Tinggi Group Bhd (KL: JTGROUP) shares gained in active trade on Wednesday, a day after it said it won contract to supply and install photovoltaic solar panel systems at Public Bank Bhd’s (KL:PBBANK) branches for some RM14.88 million.</p>


Jati Tinggi’s shares gain in active trade early Wednesday on Public Bank contract

<p>CIMB Securities is positive on Malaysia’s equity market in 2025, underpinned by a third consecutive year of earnings growth at 8%, driven by banks, construction and utilities sectors.</p>


Banks, construction, utilities sectors to drive 2025 earnings growth — CIMB Securities

<p>UEM Sunrise Bhd (KL:UEMS) and ITRAMAS Corp Sdn Bhd have signed a memorandum of understanding (MOU) with China-based battery energy storage solutions (BESS) and power battery technology manufacturer Gotion High-Tech Co Ltd to develop a research and development (R&amp;D) centre at UEM Sunrise’s Renewable Energy (RE) Industrial Park in Gerbang Nusajaya, Iskandar Puteri, Johor.</p>


UEM Sunrise, ITRAMAS sign MOU with China-based Gotion High-Tech to develop R&D centre in Johor

<p>KUALA LUMPUR (Dec 18): YNH Property Bhd (KL:YNHPROP) executive chairman Datuk Dr Yu Kuan Chon has been redesignated as an executive director of the property developer. Kuan Chon, 62, is YNH Property’s largest shareholder controlling a direct and indirect shareholding of 32.58% as at Oct 7, 2024.</p>


YNH Property’s MD Kuan Huat replaces brother Kuan Chon as new chairman

<p>KUALA LUMPUR (Dec 18): Supermax Corp Bhd (KL:SUPERMX) is planning a bonus share issue on the basis of one share for every five existing shares held, along with the issuance of bonus warrants on the basis of one free warrant for every 20 existing shares held, to reward shareholders.</p>


Supermax proposes 1-for-5 bonus issue with 1-for-20 free warrants

<p>(Dec 18):&nbsp;Only a year after having their size clipped in the Nasdaq 100 because they got too big, the world’s largest technology companies may face another pruning when the marquee benchmark rebalances this week.</p>


Megacap tech stocks have gotten too big for Nasdaq 100 again

<p>Asian stocks hovered near two-week lows and the dollar hit milestone highs against the Australian and New Zealand dollars on Wednesday in the countdown to an expected US interest rate cut.</p>


Dollar strong ahead of Fed meeting, Japan auto shares surge on Honda-Nissan news

<p>US President-elect Donald Trump is poised to order changes meant to encourage domestic oil and gas development immediately after his Jan 20 inauguration.</p>


Trump is ready ‘within seconds’ to issue orders spurring drilling

<p>KUALA LUMPUR (Dec 18): Nissan Motor Co and &nbsp;Honda Motor Co are exploring various possibilities for future collaboration, according to Nissan, amid news of a possible merger with Honda.</p>


Nissan confirms it is exploring collaborations with Honda

<p>KUCHING (Dec 17): The Bintulu Development Authority (BDA) has acquired a 10% stake in Pertama Ferroalloys Sdn Bhd through a share transfer memorandum of understanding (MOU), which is a milestone move for economic growth, community development, and sustainable initiatives in Sarawak.</p>


Bintulu Development Authority acquires 10% stake in Pertama Ferroalloys

<p>MIDF expects better overall growth for the tech sector in 2026 due to rising demand for artificial intelligence (AI) computing and strong investments from China.</p>


MIDF: Tech sector to rebound, post stronger growth in 2026

<p>(Dec 18) :&nbsp;US stocks declined as traders braced for the Federal Reserve’s widely anticipated rate decision and its forecast for next year.</p>


Stocks drop before Fed’s last decision of the year

<p>KUALA LUMPUR (Dec 18): Malaysia’s total trade in November 2024 increased 2.9% to RM237.8 billion versus RM231.1 billion a year ago, driven by growth in exports and imports, said Statistics&nbsp;Department Malaysia (DOSM).</p>


Malaysia’s total trade up 2.9% to RM237.8b in November 2024 — DOSM

<p>As global air traffic demand exceeds pre-Covid-19 pandemic levels this year, airlines are turning their attention to fleet expansion and about 10,000 more planes will operate by 2034, according to a new report published by global aviation advisory firm Alton Aviation Consultancy.</p>


10,000 more planes to take to  the sky in 10 years, says Alton

<p>The Federal Reserve is expected to lower borrowing costs on Wednesday in what some observers are calling a "hawkish cut" set to be delivered alongside policymakers' updated interest rate outlooks and economic forecasts covering the first months of the incoming Trump administration.</p>
