30 November 2011
YTL Power: Expects YTL Comms to turn around. YTL Power International expects its subsidiary, YTL Communications, to turn around within 2 years. YTL Comms will launch an Android smartphone together with an “easy to understand” price plan in January next year. (Source: The Edge Financial Daily)
Sumatec Resources: PSC could turn Sumatec around. Sumatec Resources has entered into a framework agreement with Markmore Energy (Labuan) Ltd (MELL) and CaspiOilGas LLP (COG) for the award of a PSC for the Shelly oil field in Kazakhstan. The proposed PSC is a 50:50 profit-sharing venture between Sumatec and COG for the 354.5-sq km Shelly oil field, in which COG has the concession until Aug 25, 2025 to explore oil. (Source: The Edge Financial Daily)
AWC: Set to build solar power farm. AWC Bhd is in the running to be the first in Malaysia to put up a solar farm. The solar farm will be capable of generating one-megawatt. It will be fed into the national grid and we'll be able to sell power according to the feed-in tariff according to group CEO cum MD Azmir Merican. (Source: Business Times)
Asia Media: Doing 'live' test broadcasts on buses. Asia Media Group Bhd, the country's largest transit-television network operator, has started testing live television broadcast on 30 buses that ply the Shah Alam and Kelana Jaya route. Asia Media intends to use the technology on all the 1,000-odd Rapid KL buses that service the city once the testing has been completed, banking on the "out-of-home service" to help sustain its earnings momentum. (Source: Business Times)
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