The November Brent crude futures contract settled up US$2.16, or 3.8%, at US$59.02 a barrel, its highest since July, 2015. Under the new structure, AIG will have a general insurance business, a life and retirement unit and a stand-alone technology unit. - ReutersTop local storiesSime units unveil dividend policies: Sime Darby Group units Sime Darby Plantation Bhd and Sime Darby Property Bhd aim to pay out at least 50% and 20%, repectively, of their consolidated profit attributable to the owners as dividends. - StarBizSime Darby Property sees sustainable earnings: Soon-to-list Sime Darby Property Bhd says its land bank of 16,938 acres with gross development value of RM101.1bil in Malaysia will sustain its earnings over the next 15 to 20 years. - StarBizFoundPac proposes to buy 75% stake in DSSB for RM16.5m: FoundPac Group Bhd has proposed to acquire a 75% stake in laser stencil company Dynamic Stencil Sdn Bhd (DSSB) for RM16.5mil cash.

Source: The Star September 26, 2017 00:48 UTC