<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 25): Petroliam Nasional Bhd (Petronas) will raise its dividend payout&nbsp;to the Malaysian government to RM16 billion this year from the RM13 billion proposed earlier following the national oil company's better performance in the second quarter (2QFY17) and first half (1HFY17) ended June 30, 2017.</p></div>

<div class=newsTextDataWrapInner><p>Petronas president and group chief executive officer Datuk Wan Zulkiflee Wan Ariffin said the proposed RM16 billion dividend for FY17 is similar to the payout for FY15.</p></div>

<div class=newsTextDataWrapInner><p>The decision was made following a "strong financial performance" by Petronas in 1HFY17, Wan Zulkiflee said at a media conference here today in conjunction with Petronas' results announcement.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In a statement today, Petronas said 2QFY17 net profit jumped 1,163% to RM5.18 billion from RM413 million a year earlier on lower asset net impairment and higher average prices across its products. Revenue rose to RM51.63 billion from RM46.95 billion.</p></div>

<div class=newsTextDataWrapInner><p>Petronas said 1HFY17 net profit grew to RM13.39 billion from RM3.24 billion a year earlier. Revenue was higher at RM108.15 billion from RM93.7 billion.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Aug 25): Petroliam Nasional Bhd (Petronas) will raise its dividend payout to the Malaysian government to RM16 billion this year from the RM13 billion proposed earlier following the national oil company's better performance in the second quarter (2QFY17) and first half (1HFY17) ...

Petronas dividend to Malaysia raised to RM16b on 2Q profit jump

Voice TV, a Thai media company owned by former prime minister Thaksin Shinawatra’s family, said it will cease operations next month and lay off about 200 employees including journalists.

Thaksin-linked TV broadcaster to shut down after 15 years

(April 26): The allies of Republican presidential candidate Donald Trump are drafting proposals that would attempt to erode the Federal Reserve's independence if he wins, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

A small group of the fo...

Trump allies drafting plans to erode Fed's independence — WSJ

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HOUSTON (April 26): Exxon Mobil Corp missed analysts' estimates on Friday with a 28% year-on-year drop in first quarter profits, as weaker refining margins and lower natural gas prices offset volume gains.

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PADANG BESAR (April 26): Communications Minister Fahmi Fadzil said on Friday that the Terengganu government’s decision to reject the Territorial Sea Act 2012 through a motion passed in the State Legislative Assembly (DUN) on Thursday (April 25), has been seen as a cynical and hypocritical act.

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MOSCOW/LONDON (April 26): Russia's central bank held its key interest rate at 16% for the third meeting running on Friday, but raised its inflation forecast for 2024, acknowledging for the first time that it may struggle to reach its 4% target this year.

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Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's defamation lawsuit against former prime minister Tan Sri Muhyiddin Yassin is headed for a settlement after the two leaders agreed to end a personal dispute between them.

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Gadang Holdings Bhd has secured a RM280 million contract to design and develop the Klang Valley Data Centre Block 2 in Cyberjaya from TM Technology Services Sdn Bhd, a business entity of Telekom Malaysia Bhd.

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Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

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<p>The Inland Revenue Board (IRB) has extended the deadline for non-business taxpayers to submit their tax return form for the year of assessment 2023 via e-Filing from April 30 to May 15.</p>


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<p>Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.</p>


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Merger of airlines alone enough to reverse all of Capital A's negative equity, says Fernandes

<p>Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.</p>


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<p>Shares in ViTrox Corp Bhd fell to their lowest in a month, as first-quarter results disappointed investors, while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.</p>

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<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>


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<p>Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.</p>


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<p>RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.</p>


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<p>Malayan Banking Bhd (Maybank) has obtained a summary judgement at the High Court here against ACE Credit (M) Sdn Bhd, ACE Corporation (M) Sdn Bhd, and the company directors Datuk Choong Chee Meng and Chang Ai Nee, for defaulting on a RM46.47 million loan given to them by the bank.</p>


Maybank obtains summary judgement against ACE Corporation, three others for RM46m loan default

<p>Prime Minister Datuk Seri Anwar Ibrahim on Friday suggested all parties mentioned in a recent report&nbsp;alleging that the government is planning to issue&nbsp;a licence for a casino in&nbsp;Forest City, Johor, to take necessary action&nbsp;against the foreign news agency.</p>


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<p>The country’s&nbsp;fifth-generation (5G) network&nbsp;adoption rate has reached nearly 36% as of mid-April, while the service coverage rate stood at 80.3% in February.</p>


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<p>RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.</p>


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<p>The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.</p>


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<p>Pavilion Real Estate Investment Trust rose to its highest in more than a month&nbsp;after the release of its first-quarter results, while analysts expect the REIT, which mainly manages shopping malls, to benefit further from higher tourist arrivals.</p>
