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‘RM9bil Petronas deal given to 108 firms’

MORE than 100 companies have benefited from Petronas’ vendor development programme (VDP) with contracts worth about RM9bil disbursed.Economic Affairs Minister Datuk Seri Azmin Ali said the programme was among various initiatives taken to enable more local vendors to participate actively and competitively in the oil and gas industry.

KKB Engineering third quarter net profit nearly tripled

PETALING JAYA: KKB Engineering Bhd’s net profit almost tripled to RM19.3mil for the third quarter ended Sept 30 from RM6.9mil in the corresponding quarter last year.

RAM Rating keeps outlook on most sectors stable

KUALA LUMPUR: RAM Rating Services Bhd has kept the outlook on most of the sectors under its coverage as stable despite challenges such as decelerating economic growth, weak commodity prices and highly uncertain global trade conditions following the protracted US-China trade spat.

Lebanon's Aoun says economic conditions deteriorating

BEIRUT (Reuters) - President Michel Aoun said on Wednesday economic conditions in Lebanon were deteriorating further as a result of the situation in the country but the start of oil and gas exploration would help to gradually improve things.