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July 13, 2018 9:38 AM Bursa Malaysia ends higher for 5th consecutive day

KUALA LUMPUR: Persistent buying interest in index-linked counters and small capitalisation stocks against a backdrop of positive market sentiment spurred Bursa Malaysia to close stronger for the fifth consecutive trading. At 5pm the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished at the intra-day high of 1,721.93, up 18.36 points, from yesterday's 9

July 12, 2018 2:45 AM Handal's share price rise 2.27% after announcing JV with Petronas

PETALING JAYA: Handal Resources Bhd’s share price rose 2.27% this morning on news of its joint venture with Petroliam Nasional Bhd (Petronas) for the development of subsea technology solution. At 10.27am, its share price was 2.27% or 1 sen higher at 45 sen with 444,000 shares traded. Yesterday, the group said its 51%-owned subsidiary Handal Simflexi 10

July 11, 2018 4:05 PM Now, only one licence required for oil & gas exploration, prospecting and mining in Sarawak

PETALING JAYA: The Sarawak State Assembly has passed the Oil Mining (Amendment) Bill 2018 which requires only one licence for exploration, prospecting and mining of oil and gas, a move which Sarawak feels will encourage more investments into the state. According to the Hansard of that day’s sitting, Sarawak Deputy Chief Minister Datuk Amar Awang Tengah 6

July 11, 2018 6:28 AM Handal Resources unit to develop subsea technology solution with Petronas

PETALING JAYA: Handal Resources Bhd's unit is partnering with Petroliam Nasional Bhd (Petronas) for a joint development of subsea technology solution. The group told Bursa Malaysia that its 51%-owned subsidiary Handal Simflexi Sdn Bhd had received the letter of award from Petronas' research and development arm Petronas Research Sdn Bhd for the initial 6

July 4, 2018 12:56 PM Barakah gas pipeline job extended for one year

PETALING JAYA: Barakah Offshore Petroleum Bhd’s gas pipeline contract from Petronas Gas Bhd has been extended for a year till Nov 30. The group told Bursa Malaysia that the contract is for the provision of repair and maintenance of the Sabah Sarawak Gas Pipeline (SSGP). The value of the contract will depend on the number of work programmes to be carried 5

July 4, 2018 12:25 PM Some non-Malays regard Bahasa as an inferior language

Lim Guan Eng’s insistence that all government agencies, departments and ministries use Mandarin as its official language (because many Chinese do not speak Bahasa Malaysia) and the Attorney-General Tommy Thomas’s refusal to learn or speak Bahasa Malaysia or the national language is because they regard the Malay language as an inferior language. It is not that Bahasa 11

July 3, 2018 2:38 AM Petronas: We have exclusive ownership of the petroleum resources in Malaysia

PETALING JAYA: Petronas has maintained that it has exclusive ownership of the petroleum resources in Malaysia and is the sole regulator of the upstream sector in the country. In a statement today, it said: "Petronas will closely monitor the situation, including seeking views and guidance from the Government of Malaysia, being the sole shareholder of Petronas 5

July 2, 2018 11:20 AM Yeo is Energy, Green Technology, Science and Climate Change Minister

PETALING JAYA: Bakri MP Yeo Bee Yin, the youngest female minister in the cabinet of Tun Dr Mahathir Mohamad, is the Energy, Green Technology, Science and Climate Change minister. Yeo, 35, is also Pakatan Harapan Youth vice chairman and is DAP's National Assistant Publicity Secretary. Yeo made her mark at 29 when she contested for the first time in the 13th General 11

June 29, 2018 3:36 AM Bursa Malaysia opens lower, but turns higher thereafter

KUALA LUMPUR: Bursa Malaysia opened marginally lower, but turned higher thereafter lifted by mild buying support by selected heavyweights mainly in finance-linked counters, dealers said. At 9.09am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.63 points firmer at 1,669.31 from Thursday's close of 1,665.68. On the broader market, sentiment was positive 11

June 25, 2018 6:07 AM Serba Dinamik clinches 13 contracts worth RM465.1m

PETALING JAYA: Serba Dinamik Holdings Bhd has secured 13 contracts with an estimated total value of RM465.1 million. The engineering services provider told Bursa Malaysia that it had received seven operations and maintenance (O&M) contracts and one engineering, procurement, construction and commissioning (EPCC) contract. Concurrently, its wholly owned 4