Newsfeed – Business News
Gadang secures RM52mil solar project in Sabah
PETALING JAYA: Gadang Holdings Bhd has accepted a letter of acceptance from its indirect 60%-owned subsidiary, Tenaga Aspirasi Sdn Bhd, to undertake the engineering, procurement, construction and commissioning (EPCC) of […]
Lianson Fleet sells vessel for RM93mil to MAG Offshore
PETALING JAYA: Lianson Fleet Group Bhd (LFG), via its indirect wholly-owned subsidiary Icon Biru 1 (L) Inc, is disposing of a vessel to MAG Offshore Investments LLC for RM92.57mil. Read […]
MidOcean acquires 20% in PETRONAS Canadian LNG assets
KUALA LUMPUR: MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, has entered into definitive agreements to acquire a 20 per cent interest in key Canadian […]
Singapore court blocks 1MDB-linked bank lawsuits
SINGAPORE’s High Court has stopped foreign liquidators from suing Standard Chartered Plc and BSI Bank Ltd. over transactions allegedly linked to the Malaysian sovereign wealth fund 1Malaysia Development Bhd. Read […]
Taiwan, Malaysia lead Asian stock recovery; FX muted around U.S. shutdown
EMERGING Asian equities kicked off the month on a firm note on Wednesday, clawing back some losses from the prior session, with Malaysian shares hitting a nine-month high and Taipei […]
Exxon expects to cut Singapore staff by 10% to 15% by end-2027
SINGAPORE: Exxon Mobil Corp expects to cut the number of its employees in Singapore by 10% to 15% and move its office to the site of its Jurong plant from […]
How China’s robotaxis jumped to top of ranks worldwide
ON a brisk Friday morning in early September, a fleet of light blue cars glided quietly in front of the Amiri Diwan — the imposing building housing the seat of […]
Malaysia’s manufacturing PMI slightly lower at 49.8 in September – S&P Global
KUALA LUMPUR: The seasonally adjusted S&P Global Malaysia Manufacturing purchasing managers’ index (PMI) edged down to 49.8 in September from 49.9 in August, to signal broadly unchanged operating conditions. Read […]
Gold hits record high as US shutdown, weak job data spur safe-haven rush
GOLD prices surged to a record high on Wednesday, driven by investor demand for safe-haven assets after the start of the U.S. government shutdown and as soft labour data bolstered […]
PETRONAS Gas gets greenlight for internal reorganisation
KUALA LUMPUR: PETRONAS Gas Bhd has been given approval on a tax exemption by the Ministry of Finance (MOF) to proceed with a proposed internal reorganisation, which will see the […]