Stock Market & Investment News
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PCG to build a 60,000 tonne melamine plant in Kedah
KUALA LUMPUR: Petronas Chemicals Group Bhd (PCG) will be building a 60,000 tonnes per annum melamine plant in Gurun, Kedah, making it the sole melamine producer in Southeast Asia. Read full story
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China drafts rules to ease property developers' use of escrow funds
HONG KONG: China is drafting nationwide rules to make it easier for property developers to access pre-sale funds held in escrow accounts, in its latest move to ease a severe cash crunch in the embattled sector, four people with knowledge of the matter said. Read full story