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KUALA LUMPUR: Oil drilling company Velesto Energy Bhd made a RM60mil loss in the first quarter ended March 31 as only 28% its rig fleet were working on projects, compared with 84% a year ago.
A NEW era of the Penang ferry service will start soon with a RM20mil upgrading works of the Raja Tun Uda ferry terminal on Penang island and Sultan Abdul Halim ferry terminal in Butterworth that will begin in June.
IJM Corporation Bhd's nine-month results were above expectations as core net profit grew by 1.2% on-year but the overall group saw mixed performances except the plantations sector, CGS-CIMB Equities Research said.
IJM Corporation Bhd posted net profit of RM431.68mil in the financial year ended March 31,2021 compared with RM250.59mil a year ago, mainly due to higher profit contribution from the group’s plantation division.
NEW DELHI (Reuters) -India on Thursday scrapped local trials for "well-established" foreign coronavirus vaccines to fast-track imports as it battles a devastating second wave of the pandemic that has killed tens of thousands of people.
PETALING JAYA: Icon Offshore Bhd is expected to rake in a commendable set of earnings this year from its drilling and stronger offshore support vessel (OSV) operations despite its poor showing in the first quarter (Q1).
NEW DELHI (Reuters) -India's official tally of daily infections of coronavirus fell to the lowest in nearly six weeks in the past 24 hours, offering hope that a devastating second wave is ebbing, but government leaders said shortages of vaccines were a big concern.
CONSTRUCTION companies are appealing to the Federal Government to immediately address the hike in prices of building materials, especially steel.
PETALING JAYA: Apex Healthcare Bhd’s prospects remain positive although subdued performance can be expected in the shorter term.
CGS-CIMB Equities Research expects stronger quarters for infrastructure company Taliworks Corporation Bhd, underpinned by a sustained turnaround in associate earnings and gradual recovery in toll revenue.