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KLCI jumps in early trade, Axiata lifts
Blue chips advanced in early trade on Tuesday, underpinned by gains in Axiata and UMW, as investors' sentiment perked up following the firmer overnight close on Wall Street.
PetChem looking to ‘fertilise’ growth in new markets
KUALA LUMPUR: The petrochemical industry should see moderate growth in 2013, much dependent on how quickly China, India and the Asia-Pacific economies recover from the global crisis.
Earthquake hits Iran oil, petchem town, no damage seen
DUBAI (Reuters) - A small earthquake struck the Iranian port town of Assaluyeh, a centre for the petrochemical and oil industries and near the South Pars gas field, but did not appear to have caused any damage, Iranian media reported on Tuesday.
Earthquake hits Iran oil, petchem town, no damage seen
DUBAI (Reuters) - A small earthquake struck the Iranian port town of Assaluyeh, a centre for the petrochemical and oil industries and near the South Pars gas field, but did not appear to have caused any damage, Iranian media reported on Tuesday.
Higher volumes set to lift PetChem earnings
PETALING JAYA: A recovery in earnings driven by higher product volumes is expected for Petronas Chemicals Group Bhd (PetChem) for its soon-to-be-released fourth-quarter financial year 2013 results.
Maybank, Axiata boost for KLCI
Maybank and Axiata, which reported firmer earnings and dividends, helped drive the FBM KLCI slightly higher at midday on Friday amid the weaker regional markets.
Thai PTT Global, Pertamina plan $5 bln Indonesia petchem plant
BANGKOK: Indonesia's state-owned oil and gas firm, Pertamina, has selected Thailand's PTT Global Chemical Pcl (PTTGC) as its partner to build a petrochemical complex in Indonesia with an estimated cost of $5 billion.
Malaysia-Market factors to watch on March 14(Thursday)
KUALA LUMPUR: Following is a list of events in Malaysia as well as news company-related and market news whichcould have an influence on the Malaysian.
Idemitsu, Mitsui to build U.S. petchem plant costing US$1.05bil
TOKYO: Japanese oil refiner Idemitsu Kosan and trading house Mitsui & Co plan to build a petrochemical plant in the United States at a cost of up to 100 billion yen ($1.05 billion), using ethylene supplies from Dow Chemical Co, the Nikkei business daily said on Monday, without citing sources.
Malaysia’s blue chips open lower in cautious trade
Malaysia’s benchmark FBM KLCI opened in the red on Friday, weighed down by mild selling of HLFG, Petronas Chemicals and Sime Darby as sentiment turned cautious ahead of the weekend and weaker overnight close on Wall Street.
