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Auto 05 Mar 2014 | 12:00 AM

Up to RM3bil needed to develop new models

PETALING JAYA: Proton Holdings Bhd is seeking up to RM3bil in development funding from the Government and Petroliam Nasional Bhd (Petronas).

Business 04 Mar 2014 | 6:12 PM

Petronas FY13 revenue up 9% to RM317.3b (Update)

KUALA LUMPUR: Petroliam Nasional Bhd's (Petronas) revenue rose 9% to RM317.314bil in the financial year ended Dec 31, 2013 from RM291.226bil in FY12.

Business 13 Nov 2013 | 12:00 AM

Petronas eyes RM96bil profit for 2013

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) expects to rake in a pre-tax profit of RM95bil to RM96bil this year, surpassing last year’s RM89.1bil, helped by a stronger US dollar and oncoming production, group CEO Tan Sri Shamsul Azhar Abbas(pic) said.

Business 12 Nov 2013 | 2:05 PM

Petronas profit jumps 20% to RM17.2b

KUALA LUMPUR: Petronas said its profit after tax for the third quarter ended Sept 30 jumped 19.51% to RM17.19bil from RM14.38bil a year ago on improvements across all its segments.

Business 07 Oct 2013 | 8:47 AM

CIMB Research maintains Overweight on oil and gas sector

KUALA LUMPUR: CIMB Equities Research is maintaining its Overweight recommendation on Malaysia’s oil and gas sector, underpinned by the strong contract pipeline arising from Petroliam Nasional’s capex.

Business 07 Oct 2013 | 8:25 AM

CIMB Research retains Underperform on MISC, TP RM4.68

KUALA LUMPUR: CIMB Equities Research is maintaining its Underperform rating on MISC with an unchanged target price of RM4.68, which is based on a 30% discount to the sum-of-parts.

Business 26 Aug 2013 | 5:30 PM

Petronas records slightly lower Q2 earnings at RM15.26b (Update)

KUALA LUMPUR: Petroliam Nasional Bhd posted a marginal drop in net profit to RM15.26bil in the second quarter ended June 30, 2013 on-year.

Business 31 Jul 2013 | 12:00 AM

Petronas to delay refinery project to 2018

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will start up the refinery within its US$19bil (RM62.13bil) petrochemicals complex in Johor at end 2017, the company told Reuters yesterday, signalling a further delay in the country’s largest-ever infrastructure project.

Business 06 Jun 2013 | 12:00 AM

Rapid project delayed

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) hopes to reach a final investment decision on its RM60bil Refinery and Petrochemicals Integrated Development (Rapid) complex in Pengerang, Johor by the first quarter of next year, pushing back the commissioning of the specialty chemicals-based facility to end-2016 or early 2017.

Business 05 Jun 2013 | 3:54 PM

Petronas Q1 earnings down 3% on fuel price, high costs

KUALA LUMPUR: Petroliam Nasional Bhd's (Petronas) net profit in the first quarter to March 31 slipped 2.73% to RM20.37bil from RM20.94bil a year ago due to lower crude oil prices and higher costs.