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PONSB gets RM1.1bil R&D reimbursement grant

KUALA LUMPUR: Proton Holdings Bhd’s manufacturing unit has received its research and development (R&D) reimbursement grant of RM1.1bil, which is the latest positive news for the loss-making national car maker.

Hibiscus leads penny oil stocks up

KUALA LUMPUR: Hibiscus Petroleum led penny oil and gas stocks higher in active trade on Wednesday, riding on fresh corporate news and the oil price rally, which was near its largest third-quarter gain in 13 years.