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KUALA LUMPUR : AllianceDBS Research has lowered its price target for Coastal Contracts Bhd to RM1.68 from RM1.90 per share previously as it expects a downturn in earnings for the company's shipbuilding segment for the next two years.
KUALA LUMPUR: The FBM KLCI remains flat at the midday close despite Asian equities resuming a second day of strong advances while emerging market currencies trended downwards.
KUALA LUMPUR: Petronas Chemicals Group Bhd has scrapped the US$1.3bil (RM5.1bil) elastomers project, which is part of the Refinery and Petrochemicals Integrated Development (RAPID) project in Johor.
KUALA LUMPUR: Blue chips managed to eke out slim gains on Thursday amid a cautious broader market on rising profit taking as investors became cautious over the uncertainties in the crude oil price.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has urged all stakeholders in the liquefied natural gas (LNG) industry to take the bold steps to help curb the vicious cycle of LNG price volatility.
KUALA LUMPUR: Siva Kumar M. Jeyapalan, formerly Masterskill Education Group Bhd’s executive chairman and biggest shareholder, has emerged as a substantial shareholder of Cliq Energy Bhd by acquiring 34.6 million shares, or a 5.48% stake in the company.
MANILA (Reuters) - U.S. Defence Secretary Ash Carter said on Thursday that U.S. troops and military equipment would be sent on regular rotations in the Philippines and that the two countries had started joint patrols in the South China Sea as China increasingly asserts its territorial claims.
LONDON: BP’s shareholders have voted against chief executive Bob Dudley’s US$20mil (RM77.8mil) pay deal for 2015, a rare investor revolt for such a major company, after it recorded a record annual loss.
PERTH: Companies such as Royal Dutch Shell, Total and Malaysia's Petroliam Nasional Bhd are scrambling to create demand as cheap coal and cleaner wind and solar power threaten to curb growth in the 250 million-tonnes-a-year LNG market.