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Corporate News 26 May 2018 | 12:00 AM

Listing of Petronas among options to increase revenue

THE government’s liabilities are out in the open. Finance Minister Lim Guan Eng revealed details to substantiate his point of national liabilities and debt have breached not only the RM1 trillion-mark but also reached 80.3% of gross domestic product.

Corporate News 04 Oct 2017 | 12:00 AM

Johari: Govt may rationalise fiscal expenditure in Budget 2018

KUALA LUMPUR: The government may rationalise fiscal expenditure in the upcoming Budget 2018 as it seeks to maintain an efficient and prudent fiscal management, according to Second Finance Minister Datuk Seri Johari Abdul Ghani.

Commodities 05 Sep 2017 | 12:00 AM

Sarawak to set up own oil company amid ongoing talks with Petronas

PETALING JAYA: The Sarawak state government is going ahead with plans to set up its own oil exploration company called Petroleum Sarawak (Petros), which will be wholly owned by the state, despite the low oil price environment.

Economy 01 Mar 2017 | 12:00 AM

Sarawak wants more Petronas jobs

KUCHING: The Sarawak state government wants Petroliam Nasional Bhd (Petronas) to allocate more oil and gas (O&G) contracts to Sarawak-based companies.

Corporate News 30 Nov 2016 | 5:57 AM

Sarawak eyes 10% equity in MLNG Plant Train 9

Sarawak is actively discussing with Petroliam Nasional Bhd (Petronas) on acquiring a 10% equity in the Malaysia Liquified Natural Gas (MLNG) Plant Train 9. Chief Minister Tan Sri Adenan Satem said the state was also working with Petronas to increase its equity in MNLG 2 Plant.

Corporate News 01 Jul 2016 | 5:53 PM

Sumatec to pay RM818mil for full ownership of Kazakh oil concession

KUALA LUMPUR: Sumatec Resources Corp Bhd, which is entitled to only half of the profits from the the Rakushechnoye oil and gas field in Kazakhstan as its designated operator. plans to take full control by buying the concession owner for US$205mil (RM817.95mil).

Business 29 Nov 2014 | 12:00 AM

Petronas cuts capex

PETROLIAM Nasional Bhd’s (Petronas) announcement of its third-quarter results comes at a delicate time, considering that it is being watched by all and sundry.

Business 01 Nov 2014 | 12:00 AM

Early business dealings

LOW Teik Jho, or better known as Jho Low (pic), became a noticeable figure in the Malaysian corporate scene when investments from Abu Dhabi in the United Arab Emirates started to make their way to the local shores.

Corporate News 01 Nov 2014 | 12:00 AM

Jho Low back in the limelight

Jynwel Capital involved in corporate deals worth more than RM22bil outside Malaysia in the last three years.

Business 16 Dec 2009 | 12:00 AM

1MDB in the process of sealing big deals

IT'S been months since the inception of 1Malaysia Development Fund Bhd (1MDB) but truth is, the scrutiny (and scepticism to some extent) has been hard to completely shake off.