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Robert Kuok's POSH to venture into new markets, buy assets

PETALING JAYA: Malaysian Bulk Carriers Bhd’s (Maybulk) 21.23%-owned associate PACC Offshore Services Holdings (POSH), which is headed for a listing in Singapore by the end of the month, plans to actively expand its fleet to include deepwater accommodation vessels and break into new markets such as Latin America.


Survey: Cost of KL office space still competitive

KUALA Lumpur continues to remain competitive, ranking 107th globally in terms of office accommodation costs per workstation, according to an annual survey compiled by international property advisers DTZ Debenham Tie Leung.


MAS, AirAsia X sign accord

PETALING JAYA: Malaysia Airlines (MAS) has entered into a re-accommodation agreement (RA) with AirAsia X, which would enable the latter’s passengers to fly on the national carrier to “utilise excess capacities” and “generate additional revenue”.


Services Producer Price Index rises 0.2%

KUALA LUMPUR: The Services Producer Price Index (SPPI) rose by 0.2% for the first quarter of 2018, due to the rise in accommodation, food and beverage service activities (0.9%), education (0.7%) and real estate activities (0.7%).


Is Airbnb impacting the hotel industry?

Accommodation service appears to thrive as there is less red tape

Corporate News

Icon Offshore clinches RM72mil charter deal

KUALA LUMPUR: Icon Offshore Bhd has bagged a RM72.1mil long-term contract to charter an accommodation workboat to Zell Transportation Sdn Bhd.


Agreement poser for Perdana Petroleum

KUALA LUMPUR: Perdana Petroleum Bhd is seeking legal advice over the cancellation of the memorandum of agreement (MoA) with Nam Cheong International Ltd (NCIL) over the acquisition of an accommodation work barge.

Corporate News

Perdana Petroleum scraps work barge purchase

KUALA LUMPUR: Perdana Petroleum Bhd has aborted its plan to buy at least one of the two 500-men accommodation work barges ordered from Nam Cheong Ltd.


Nam Cheong secures RM270mil OSV contract

KUALA LUMPUR: Singapore-listed Nam Cheong, Malaysia’s largest offshore support vessel (OSV) builder, won a contract to build two accommodation work barges (AWB) worth US$84mil (RM270mil) for Perdana Petroleum Bhd.


Monetary Authority of Singapore raises inflation forecast

SINGAPORE: Singapore's central bank yesterday raised its inflation forecast for 2011 to 4%-5% from 3%-4% due to higher-than-expected increases in accommodation and private road transport costs.