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Business 25 Jun 2019 | 12:00 AM

Handal JV secures RM360mil contract

PETALING JAYA: Handal Resources Bhd’s joint venture (JV) has received a letter of award from Petronas Carigali Sdn Bhd for the provision of a water injection module worth about RM360mil.

Business 24 Jun 2019 | 5:41 AM

Handal JV secures RM360m Petronas Carigali contract

KUALA LUMPUR: Handal Resources Bhd's joint venture has received a letter of award from Petronas Carigali Sdn Bhd for the provision of a water injection module worth about RM360mil.

Business 10 Jun 2019 | 12:00 AM

PG&E’s power suppliers dealt blow in court

SAN FRANCISCO: The power generators that supply PG&E Corp were dealt a major blow as a judge ruled that federal regulators can’t keep their supply contracts from getting killed as part of the utility giant’s bankruptcy case.

Business 01 Jun 2019 | 12:00 AM Premium

Protasco starting on a clean slate

COULD construction and property player Protasco Bhd be a stock worth watching now that its boardroom tussle and one-off impairments have come to a close?

Business 30 May 2019 | 12:00 AM

Velesto sees stronger earnings in H2

KUALA LUMPUR: Velesto Energy Bhd expects to record stronger earnings in the second half (H2) of this year, leveraging on better utilisation of its jack-up rigs.

Business 21 May 2019 | 10:29 AM

Velesto posts net loss of RM22m in Q1 of FY19

KUALA LUMPUR: Velesto Energy Bhd swung into the red with net losses of RM22.22mil in the first quarter ended March 31, 2019 compared with a year ago due to weaker drilling services.

Business 17 May 2019 | 12:00 AM

Velesto Energy 'buy', Gadang 'buy', Three-A 'outperform', Pentamaster 'add'

VELESTO ENERGY BHD: OPERATING seven jack-up (JU) rigs in Malaysian waters, Velesto is in a sweet spot, benefitting from a surge in Petronas’ yearly JU rig requirement from six to 10 and 16 to 19 for 2019 to 2021.

Business 11 May 2019 | 12:00 AM

Trade war may become longer headwind for US firms

CHICAGO: US-China trade tension may become a longer than expected headwind for US corporations as the prospect of additional US tariffs, retaliation from China, and prolonged negotiations rise, says Fitch Ratings.

Business 10 May 2019 | 8:23 AM

Fitch Ratings: Tariffs on China to hit US corporations

CHICAGO: US-China trade tension may become a longer than expected headwind for US corporations as the prospect of additional US tariffs, retaliation from China, and prolonged negotiations rise, says Fitch Ratings.

Business 24 Apr 2019 | 1:00 AM

Glut forces LNG producers including Petronas to offer flexible deals

SINGAPORE: The world's biggest liquefied natural gas (LNG) producers including Shell, Total and Petronas are increasingly selling from global supply pools instead of dedicated projects as buyers leverage a fuel surplus to force ever more flexible deals.