Meeting of Umno's Supreme Council

Umno's Supreme Council is due to finally convene today after previous meetings in July and August were cancelled. Deputy Prime Minister Zahid Hamidi has denied widespread speculation that heads will roll today. There has been talk that party deputy president Muhyiddin Yassin, vice-president Mohd Shafie Apdal and five others will be sacked from Umno.

COE prices in the spotlight

With talk about an imminent drop in the price of certificates of entitlement (COEs), the outcome of today's bidding exercise is being closely watched, especially by those who have been holding off on replacing their old vehicles. Industry players say it is inevitable that prices will drop as more COEs become available. Next year's quota is expected to hit 100,000 - up from around 70,000 this year. But the trend in the past weeks has been erratic.

LNG players meet to discuss future

The 7th World LNG Series: Asia Pacific Summit will be held today. The event focusing on the liquified natural gas sector will see players from around the region take part,including home-grown company Pavilion Energy. Participants will discuss the future of the industry given the uncertain business environment.