Kuala Lumpur - Malaysian palm oil giant Sime Darby and Thailand's PTT Chemical on Wednesday signed an agreement to jointly own a major producer of oleochemicals in a deal costing the Thai company 104 million euros (164 million dollars).
PTT Chemical, the largest chemicals producer in Thailand, agreed to buy a 50-per-cent stake from the German chemicals maker Cognis in the Malaysian firm Cognis Oleochemicals, one of the world's leading producers of oleochemicals, or chemicals derived from biological oils or fats.
The other 50 per cent of the venture is held by Sime Darby, the world's largest listed palm-oil producer. The two companies would now share ownership and control of Cognis Oleochemicals.
Kuala Lumpur - Malaysian opposition leader Anwar Ibrahim on Monday was slapped with another legal suit when the country's police chief sued him for defamation.
Inspector General of Police Musa Hassan demanded unspecified compensation from Anwar, who claimed earlier this month that Musa had fabricated evidence in his 1998 jailing on sodomy and corruption corruption charges.
Musa also sought an injunction to restrain Anwar, who was deputy prime minister from 1993 to 1998, from repeating the allegations.
Earlier this month, Anwar lodged a police report against Musa and Attorney General Abdul Gani Pattail, alleging that the two were involved in the fabrication of evidence during his trial 10 years ago.
Kuala Lumpur, July 19: A concert held at a small Taoist temple to mark the "Birthday of The Gods" in the Malaysian town of Pasir Mas turned ugly when the organisers of the event were told that the
Putrajaya (Malaysia), July 18: The Malaysia Government will consider new applications from temples and gurdwaras for priests, musicians and artisans from next month.
Kuala Lumpur, July 18: Malaysia’s former deputy Prime Minister Anwar Ibrahim will not agree to the idea of a foreign forensic expert of his choice to draw a DNA sample from him, his lawyer R.