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PETALING JAYA: Value is seen emerging from the oil and gas (O&G) sector as it continues to stabilise, according to Affin Hwang Capital Research.
PETALING JAYA: Falling price of crude oil continues to put pressure on the ringgit. At 3.4975 against the US dollar yesterday, the local currency is already the worst performer in the Asean region this year. A protracted decline in oil prices would limit its upside potential next year, analysts said.
LAND amp; General Bhd (Lamp;G) plans to dispose of its interests in seven local and foreign companies as part of its restructuring scheme to reduce further debts, said managing director Mike Krishnan.
KUALA LUMPUR: National oil company Petronas’ investments domestically and abroad have ensured that oil wealth will be available for future generation, according to the World Bank.