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Corporate News 17 May 2016 | 6:13 AM

Icon Offshore bidding for long term jobs in Brunei

KUALA LUMPUR: Icon Offshore Bhd is aggressively bidding for long-term contracts in Brunei as part of its regionalisation strategy this year.

Business 17 May 2016 | 6:00 AM

Oil rally suggests supply worries wane, but for how long?

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.

Business 17 May 2016 | 5:42 AM

UMW Oil and Gas plans more cost cuts, bids for 22 tenders

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.

Corporate News 17 May 2016 | 4:43 AM

Petronas stocks, Sime, Public Bank underpin KLCI rebound

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.

Corporate News 17 May 2016 | 1:44 AM

KLCI stages mild rebound, Petronas stocks lead

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,

Corporate News 16 May 2016 | 10:29 AM

KLCI worst performer on Monday, CMSB top loser

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.

Corporate News 16 May 2016 | 5:10 AM

KLCI only market in the red after MSCI review

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.

Corporate News 16 May 2016 | 2:01 AM

Upside for SKPetro on plans to monetise gas reserves

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.

Corporate News 16 May 2016 | 1:42 AM

Weak start for Bursa Malaysia after MSCI review

KUALA LUMPUR: Blue chips extended their losses in early Monday trade as investor sentiment was battered after MSCI’s move to reduce its weightage for Malaysian stocks which comes into effect on June 1.

Corporate News 14 May 2016 | 12:00 AM

Handal Q1 earnings drop to RM212,000

KUALA LUMPUR: Handal Resources Bhd reported a 60.1% fall in earnings to RM212,000 in the first quarter ended March 31, 2016, due to lower contributions from its crane fabrication and workover divisions.