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Corporate News 09 Aug 2016 | 4:36 AM

BP seeks buyers for China petchem JV stake in up to $3b deal

FRANKFURT/HONG KONG: British oil major BP is seeking buyers for its 50 percent stake in a Chinese petrochemicals joint venture, its single largest investment in China, in a deal that would fetch $2-$3 billion, people familiar with the matter told Reuters.

Economy 09 Aug 2016 | 7:53 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Business 10 Aug 2016 | 12:00 AM

PetChem earnings down on asset write-off

PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) reported earnings that fell 17% in its second quarter ended June from a year ago mainly due to an asset write-off amounting to RM241mil from the cancellation of an elastomers project.

Corporate News 10 Aug 2016 | 12:54 AM

Trading ideas: HSS Engineers, Taliworks, PetChem, Ajiya, KKB

KUALA LUMPUR: HSS Engineers, Taliworks, Petronas Chemicals, Ajiya and KKB Engineering are among the stocks which could see trading interest on Wednesday.

Business 10 Aug 2016 | 1:29 AM

Breakfast briefing: Wednesday, August 10

Breakfast briefing: Wednesday, August 10

Forex 12 Aug 2016 | 10:23 AM

Maxis, SK Petro and PetChem underpin KLCI gains

KUALA LUMPUR: Fund buying of Maxis, SapuraKencana Petroleum and Petronas Chemicals underpinned the FBM KLCI firm performance on Friday amid the firmer crude oil prices but the ringgit weakened against the key currencies.

Markets 29 Aug 2016 | 5:46 AM

KLCI slides at midday, ringgit weaker

KUALA LUMPUR: Blue chips fell more than three points at midday on Monday, in line with the insipid performance of its regional peers, weighed down by losses in Maybank, PetChem and Maxis while the ringgit lost ground.

Corporate News 21 Sep 2016 | 10:47 AM

Genting group, Telekom, PetChem prop up KLCI

KUALA LUMPUR: Blue chips closed higher for the second day on Wednesday, underpinned by gains in Genting Malaysia Bhd, Genting Bhd, Telekom Malaysia Bhd and Petronas Chemicals Bhd as investor optimisim rode on the rebound in crude oil prices

Business 29 Sep 2016 | 12:00 AM

Petronas will continue to review its strategies

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) says it will keep on reviewing its business strategies to achieve cost competitiveness amid reports that the state-owned energy group is looking to lay off more employees.

Corporate News 29 Sep 2016 | 5:14 AM

Maybank, PetChem, Sime underpin KLCI's advance

KUALA LUMPUR: Fund nibbling of Malayan Banking Bhd, Petronas Chemicals Bhd and Sime Darby Bhd underpinned the FBM KLCI's advance at midday on Thursday as key Asian markets rallied, led by energy stocks.