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Bursa, Asia stay flattish as investors await trade data

KUALA LUMPUR: Chinese trade data to be released today and earnings announcements from major US financial institutions due later this week are expected to cause some anxiety among investors following the improvement in sentiment over the previous week.

Perisai shares plunge 83%; Bursa Malaysia to delist stock

KUALA LUMPUR: Shares of Perisai Petroleum Teknologi Bhd plunged 83% in the first few minutes of trading on Monday after Bursa Malaysia Securities commenced the delisting exercise against the company after its regulation plan was rejected.

TNB using blended coal at Perak power plant

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) is introducing blended coal at its power plant in Lumut, Perak, as part of a continuous effort to ensure a sustainable coal supply for electricity generation.

The introduction of blended coal for the Sultan Azlan Shah Power Station(pic), which produces 20% of Peninsular Malaysia's energy generation, would help secure coal supply for the power plant going forward, the company said in a statement yesterday.

Saudi Arabia to set up US$10b oil refinery in Pakistan

GWADAR, Pakistan: Saudi Arabia plans to set up a US$10 billion oil refinery in Pakistan's deepwater port of Gwadar, the Saudi energy minister said on Saturday, speaking at the Indian Ocean port that is being developed with the help of China.

Since the government of Prime Minister Imran Khan came to power in August, Pakistan has secured economic assistance packages from Saudi Arabia, the United Arab Emirates and China.

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