<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 12): KNM Group Bhd shares rose 5% this morning after it launched arbritration proceedings against Lukoil Uzbekistan Operating Company LLC for over US$96 million in unpaid works it carried out as a contractor in gas-condensate fields in Uzbekistan since Dec 3,2010.</p></div>

<div class=newsTextDataWrapInner><p>At 9.30am, KNM rose 0.5 sen to 10,5 sen with 410,000 shares done.</p></div>

<div class=newsTextDataWrapInner><p>Its wholly-owned unit, KNM Process Systems Sdn Bhd, submitted the request for arbitration against Lukoil with the Institute of the Stockholm Chamber of Commerce in Sweden today.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group is seeking claims and damages in relation to unpaid invoices for work done, costs arising from the breach of contract, costs from design changes, additional works, prolongation of the contract and financial losses</p></div>


KUALA LUMPUR (March 12): KNM Group Bhd shares rose 5% this morning after it launched arbritration proceedings against Lukoil Uzbekistan Operating Company LLC for over US$96 million in unpaid works it carried out as a contractor in gas-condensate fields in Uzbekistan since Dec 3,2010.

At...

KNM rises 5% on starting arbitration against Lukoil for US$96m 

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Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.

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Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.

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Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.

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PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.

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<p>A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.</p>


<p>A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.</p>


<p>Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.</p>


<p>Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.</p>


<p>The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.</p>


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<p>Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.</p>


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<p>The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.</p>


<p>PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.</p>


<p>Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...