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RIYADH: Saudi Arabia’s state miner will use a windfall from the recent boom in commodity prices to pay off debt, as it seeks to strengthen its balance sheet before embarking on international acquisitions.
Rising crude palm oil (CPO) prices will continue to benefit IOI Corp Bhd, which is expected to see another strong performance for the fourth quarter of its financial year ending June 30,2021 (Q4’FY21).
JAKARTA (The Jakarta Post/ANN): State-owned electricity monopolist PLN has pledged to become carbon neutral by 2050 with a plan to phase out fossil fuel-fired power plants and use more renewable energy in its networks.
CHINA has moved to cool its red-hot steel sector by discouraging exports and boosting imports of some feedstock alternatives to buoyant iron ore, steps largely viewed as short-term measures to calm prices.
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd extended its share price rally on Friday following the recent release of its first-quarter earnings, which saw the group return to the black.
QINGDAO, China (Reuters): Chinese officials were waiting for better weather before deciding whether to siphon off the remaining cargo from a stricken tanker after hundreds of tonnes of oil spilled into the Yellow Sea after a collision in dense fog two days ago.
QINGDAO, China (Reuters) - Chinese officials were considering siphoning the remaining cargo at sea from a huge tanker that spilled hundreds of tonnes of oil into the Yellow Sea after it collided with a bulk vessel in thick fog two days ago.
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd (LCT) returned to the black, with its highest quarterly net profit of RM440mil for the first quarter ended March 31,2021, supported by substantially stronger product margin spreads seen from a year ago.
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd posted its highest-ever quarterly net profit of RM440mil for the first quarter ended March 31, 2021.