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REVIEW: Bursa Malaysia’s benchmark, the FBM Kuala Lumpur Composite Index (FBM KLCI), kicked off the week little changed, up 0.26 of a point to 1,628.52. But it quickly drifted into the red zone, extending the previous session’s declines.
KUALA LUMPUR: Time dotCom's move to dispose of its entire 68.72 million shares of Digi weighed on the telco's share price and the FBM KLCI on Friday, while fund selling of Axiata, Genting and IOI Corp pushed the index deeper into the red.
KUALA LUMPUR: Oil and gas company Tanjung Offshore Bhd plans to widen its revenue contribution, with O&G accounting for 70% and the balance from the non-oil and gas sector in the next five years, said chairman Datuk Dr Nik Norzrul Thani Nik Hassan.
PETALING JAYA: Turbo-Mech Bhd aims to increase its orderbook to RM50 million this year from RM20 million now, targeting works in the downstream oil and gas (O&G) sector including maintenance and overhaul services for local and overseas market.