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KUALA LUMPUR: Icon Offshore Bhd is aggressively bidding for long-term contracts in Brunei as part of its regionalisation strategy this year.
New York: A rally in US crude oil prices recently has put the market on its firmest footing since the rout started in 2014, with the spread between prices for near-term delivery and future delivery narrowing, suggesting the worst of the supply glut may be over.
KUALA LUMPUR: UMW Oil and Gas (UMW O&G) plans to undertake more cost reductions in 2016 and this recently saw the company reducing its workforce, according to Bloomberg.
KUALA LUMPUR: Local fund buying of Petronas-linked stocks, Sime Darby and Public Bank underpinned the FBM KLCI's rebound at midday on Tuesday as the index climbed nearly 11 points.
KUALA LUMPUR: Blue chips staged a mild rebound early Tuesday after the recent spate of selling pressure, triggered by foreign fund cutting their stakes, with the FBMKLCI inching up just two points,
KUALA LUMPUR: Malaysia's stock market was the worst performer on Monday, with the FBM KLCI extending the losses by more than seven points at the close as Axiata, CIMB and Petronas Gas the main decliners while a slump in CMSB's earnings saw it emerging as the top loser.
KUALA LUMPUR: Bursa Malaysia was the only Asian stock market in the red at midday on Monday as funds reduced their stakes after US index provider MSCI reduced its weightage for Malaysia's equities.
KUALA LUMPUR: Maybank Investment Bank Research (Maybank IB Research) says SapuraKencana Petroleum’s (SKPetro) plans to unlock and monetise its gas reserves is a “major catalyst” which has not been factored by the market yet.