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BEIJING: January has proved to be a big month revenue-wise for China’s major listed companies specialising in courier, delivery or logistics services.
SHANGHAI: China National Offshore Oil Corp (CNOOC), one of the country’s top three oil and gas producers, says its newly discovered Bozhong 13-2 oil and gas field in the Bohai Sea contains proven geological reserves of 100 million tonnes of oil and gas equivalent, making it one of biggest crude oil production bases in the country.
PETALING JAYA: While rising commodity prices pose a challenge to the food and beverage industry this year, Nestle (M) Bhd will likely see its margins somewhat protected, thanks to the company’s hedging policy.
TOKYO: SoftBank Group Corp plans to expand its investments in the biotech and health-care sector, opening up a new front in its growing asset management strategy, according to people familiar with the matter.
SINGAPORE: CapitaLand Ltd, Singapore’s largest developer, posted a record full-year loss after writing down the value of some investment properties and residential projects during the pandemic.
NEW YORK: IonQ is in advanced talks to merge with DMY Technology Group Inc III, according to people with knowledge of the matter, creating one of the first public quantum-computing companies.
KUALA LUMPUR: The second movement control order (MCO2.0) in key states with bustling economic activities will pose an impact on Malaysia’s economic growth this year, according to financial intelligence company Moody’s Analytics.
KUALA LUMPUR: Bumi Armada Bhd’s extension of the final maturity date for its Tranche 1 facility to Nov 23,2022 from May 2021 previously has not sat well with analysts.