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  • Bintulu LNG plant cuts exports on technical issues

    June 6, 2018 1:35 PM 8

    LONDON: Bintulu’s liquefied natural gas (LNG) export plant is experiencing a sharp drop in shipments amid a logjam of vessels stuck outside port, potentially due to technical issues impacting the plant or fields, trade sources said. Nine LNG tankers are currently anchored outside the Petronas-operated 24 million tonne per annum (mtpa) facility, according

  • Jaks plans 1-for-2 rights issue of warrants

    June 6, 2018 12:41 PM 7

    PETALING JAYA: Jaks Resources Bhd proposes to undertake a renounceable rights issue of up to 278.16 million warrants on the basis of one warrant for every two existing shares held. Based on an indicative issue price of 25 sen per warrant, the immediate gross proceeds to be raised from the exercise is up to about RM69.54 million. However, the gross proceeds

  • Kimlun bags two contracts worth RM225m

    June 6, 2018 12:37 PM 7

    PETALING JAYA: Kimlun Corp Bhd via two of its subsidiaries have bagged two contracts, collectively valued at RM224.56 million. The group’s board of directors told the stock exchange that its subsidiary SPC Industries Sdn Bhd was awarded a S$27million (RM80.46 million) contract from M+W Singapore Pte Ltd to supply and delivery of pre-cast concrete building

  • Exports in April up 14% to RM84.2b from a year ago

    June 5, 2018 3:17 PM 8

    PETALING JAYA: Exports grew 14% to RM84.2 billion in April 2018 from a year ago, driven by electrical and electronic (E&E) products, refined petroleum, crude petroleum, timber and timber-based products, palm oil and palm oil-based products, while liquefied natural gas (LNG) and natural rubber recorded decreases in export volume and average unit value

  • MoF unit's board, Irwan responsible for lopsided pipeline deals: Lim

    June 5, 2018 2:29 PM 6

    PETALING JAYA: Finance Minister Lim Guan Eng said today the board of directors of Suria Strategic Energy Resources Sdn Bhd (SSER) and Tan Sri Irwan Serigar in particular are responsible for the one-sided terms of the three-year long Trans-Sabah Gas Pipeline and Multi-Product Pipeline projects, which saw 88% of the project value drawn down based on timing

  • DBE pays RM5.4m for Kinta land

    June 5, 2018 1:00 PM 5

    PETALING JAYA: DBE Gurney Resources Bhd is buying 11.33ha of land in Kinta, Perak, for RM5.39 million to diversify into the property development industry. The company said its wholly owned subsidiary DBE Development Sdn Bhd had on June 5 entered into a conditional sale and purchase agreement with Glitter Holdings Sdn Bhd for the purchase. DBE said the acquisition

  • UCrest most active, up 27.5%

    June 5, 2018 6:29 AM 3

    PETALING JAYA: UCrest Bhd was the most actively stock today with some 116.57 million shares changing hands at the noon break. For the third quarter ended February 28, 2018, the technology solutions provider swung to the black registering a net profit of RM10.14 million versus a net loss of RM1.47 million in the previous corresponding period

  • Kerjaya Prospek awarded RM138.65m Seri Tanjung Pinang link bridge job

    June 5, 2018 5:39 AM 9

    PETALING JAYA: Kerjaya Prospek Group Bhd has clinched a civil engineering contract worth RM138.65 million for the Seri Tanjung Pinang Phase 2 (STP 2) development via a related party transaction. It told Bursa Malaysia that wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd had on June 5, 2018 accepted a letter of award from Tanjung Pinang Development

  • Layang FPSO’s novation contract completed

    June 4, 2018 1:19 PM 7

    PETALING JAYA: The novation contract for the Layang production storage and offloading (FPSO) facility entered between TH Heavy Engineering Bhd, Yinson Holdings Bhd’s associate Yinson Energy Sdn Bhd (YESB) and JX Nippon Oil & Gas Exploration (Malaysia) Ltd was completed on June 1. TH Heavy Engineering Bhd said this came after the full payment of the novation

  • Ringgit closes higher on US-Korean summit news

    June 4, 2018 10:54 AM 12

    KUALA LUMPUR: The ringgit closed higher today against the US dollar in tandem with Asian emerging currencies following news that the United States-North Korea summit would be held next week, said a dealer. At 6pm, the local unit was quoted at 3.9700/9740 from 3.9770/9800 last Friday. The dealer said if the outcome of the summit was positive, it would