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Corporate News 21 May 2016 | 12:00 AM

Critical period ahead for UMW-OG

THE second half of this year will be a make-or-break period for UMW Oil and Gas Corp Bhd (UMW-OG) as it seeks to replenish its fleet of pricey drilling rigs with new contracts.

Property 21 May 2016 | 12:00 AM

KUB in for better earnings

THINGS could be looking better for KUB Malaysia Bhd, the diversified Government-linked company which underwent a massive kitchen-sinking and restructuring exercise last year.

Economy 21 May 2016 | 12:00 AM

Volatile ringgit weighs on corporate earnings

THE volatile ringgit continues to cast a shadow over some companies, as seen in the latest quarterly corporate earnings.

Property 21 May 2016 | 12:00 AM

The OPR outlook in a world with negative rates

IT is becoming increasingly difficult to predict where interest rates are going in a world gone topsy-turvy with negative interest rates being adopted by major central banks.

Property 21 May 2016 | 12:00 AM

KNM accepts letter of award for RM175mil contract

PETALING JAYA: KNM Group Bhd has accepted a letter of award to undertake the engineering, procurement, and construction of a treated distillate aromatic extract (TDAE) plant in Tanjung Langsat Port, Johor, for RM175mil.

Economy 21 May 2016 | 12:00 AM

Blue chips likely to stay afloat

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.

Corporate News 20 May 2016 | 10:12 AM

Telcos, Genting push KLCI to weaker close

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.

Business 20 May 2016 | 7:51 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Corporate News 20 May 2016 | 7:18 AM

Tanjung Offshore to diversify revenue stream

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.

Corporate News 20 May 2016 | 7:12 AM

Turbo-Mech aims to boost orderbook to RM50m

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.