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Petroliam Nasional Bhd (Petronas) ranks second in the top 25 non-financial transnational corporations (TNCs) in terms of foreign assets, according to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2006.
G.M. Teoh does a technical analysis of the Main Board's performance
Tenaga Nasional Bhd released a set of results that showedthe improvements brought about by ongoing cost-cuttingmeasures and a tariff hike received in June. At a media conferenceto announce the results, TNB chairman Tan Sri LeoMoggie and president and CEO Datuk Che Khalib MohamadNoh answered questions posed by the media. Below areexcerpts of the question-and-answer session.
SBM Malaysia Sdn Bhd, an oil and gas services company, plans to spend RM10mil over the next two to three years to step up operations at its Malaysian office, which will also serve as a regional hub for potentially expanding oil and gas services.
With economists and analysts having predicted that oil price would probably rebound to around US$65 by year-end, it seems like the trend is defying expectations, at least for yesterday as the commodity fell to an intra-day low of US$57.78 per barrel.