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Lack of sales likely to hit profits hard for De Beers and Alrosa
LAST month, business expansion specialist Tricor Group announced that Veerinderjeet Singh had joined the group’s subsidiary in Malaysia, Tricor Services (M) Sdn Bhd, as non-executive chairman of the company.
KUALA LUMPUR: Petronas Gas Bhd recorded a 28.6% year-on-year (y-o-y) drop in net earnings to RM368.12mil for the first quarter ended March 31, 2020, due to unrealised foreign exchange loss.
SINGAPORE/NEW YORK/MELBOURNE: Lockdowns to slow the coronavirus pandemic are pummelling gas demand in the world's biggest buyers of liquefied natural gas (LNG), pushing Asia's spot prices to record lows and forcing some suppliers to start cutting output
This is despite looming hit on oil and gas company’s earnings
PETALING JAYA: The first piling works for the world’s largest ship-to-ship (STS) hub off the waters in Johor could start in the second half of this year.
Service providers could face earnings compression on low oil prices
This comes as the country seeks to benefit from plunging oil price
MELBOURNE (Reuters) - Rugby Australia (RA) chief Raelene Castle says players can expect to face further pay cuts in the longer term as the game adjusts to tougher financial conditions brought on by the COVID-19 pandemic.
JAKARTA: Indonesia is hiring tankers to store refined fuels at sea as it seeks to take advantage of plunging prices of oil products such as gasoline and diesel. State-owned PT Pertamina has provisionally chartered at least three long-range tankers to store clean fuels, said people with knowledge of the matter.