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Barakah Offshore secures contract from Petronas Carigali

KUALA LUMPUR: Barakah Offshore Petroleum Bhd’s unit, PBJV Group Sdn Bhd (PBJV), has secured a contract from Petronas Carigali Sdn Bhd to provide underwater services for oil and gas fields in East Malaysia.

Nod for Reach Energy oilfield buy

KUALA LUMPUR: Special-purpose acquisition company (SPAC) Reach Energy Bhd has received the approval of the Securities Commission (SC) for its proposed qualifying acquisition (QA).

Oil prices fall as market focus returns to global supply overhang

SINGAPORE: Crude prices edged lower on Thursday as brimming U.S. and Asian fuel inventories returned investors' attention to a large global supply overhang, cutting short a price rally and restricting Brent crude futures to below the $50 a barrel mark

RHB Bank remains an Add for CIMB Research

KUALA LUMPUR: CIMB Research said RHB Bank Bhd remained an “add” and its top pick for the sector despite the weaker-than-expected second quarter 2016 results.

Asia markets slips early Thursday on weaker Wall St., US$ marks time before Yellen

TOKYO: Asian stocks slipped on Thursday, taking their cue from an overnight drop on Wall Street, while the dollar marked time ahead of Friday's speech by Federal Reserve Chair Janet Yellen at the global central bankers' meeting.

TM inks smart city collaboration deal with Aspen

KUALA LUMPUR: Telekom Malaysia Berhad (TM) and the Aspen Group have signed a collaboration agreement to facilitate the deployment of smart city services at the Aspen Vision City property development in Batu Kawan, Penang.

PetroChina posts smallest half-year profit on oil meltdown

HONG KONG: PetroChina Co, the country’s biggest oil and gas producer, posted its smallest half-year profit since it was publicly listed in 2000 as the crash in oil prices continues to drag on earnings.

RHB denies there is an investigation of its asset arm selling certain stocks

KUALA LUMPUR: RHB Banking group has denied that its asset management arm sold down certain stocks last week and that there was an external investigation on the matter over alleged irregularities with regards to its investment decisions.

Johor pays tribute to former Singapore president

JOHOR BARU: The Johor state government has expressed its deepest sadness and conveyed its condolence to the family of former Singapore president S R Nathan following his passing away on Monday.

China’s Cnooc posts first-ever half-year loss

HONG KONG: Cnooc Ltd posted its first-ever half-year loss as crude’s plunge and writedowns on assets, including Canadian oil sands, destroyed profit at China’s biggest offshore oil and gas producer.

Life Inspired has a chic new look

2020 is all about change, and Life Inspired did just that with a fresh makeover!

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