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Petronas accelerating efforts to enhance production of oil and gas for M'sia

THE excitement in the oil and gas (OG) sector just gets better, with oil giants Petroliam Nasional Bhd (Petronas) and Royal Dutch Shell plc joining forces to further develop oilfields in Malaysia using the enhanced oil recovery (EOR) technology.

Maybank launches clean energy fund

KUALA LUMPUR: Malayan Banking Bhd (Maybank) and its Singapore unit Maybank MEACP Pte Ltd have launched a US$500mil (RM1.6bil) clean energy private equity fund.

Maybank Q1 profit up 25% to RM1.3bil on loan growth

PETALING JAYA: Malayan Banking Bhd (Maybank) made a net profit of RM1.29bil or 17.20 sen per share for the first quarter ended Sept 30, 25% higher than the RM1.03bil or 14.53 sen per share made in the same period last year, due mostly to growth in the group's loans and better bad debt recovery.

Maybank records higher earnings on improved loans growth

Malayan Banking Bhd's (Maybank) net profit increased to RM1.29bil for the quarter ended Sept 30, 2011 from RM1.03bil a year earlier due to growth in group loans and advances.

Reserve margin for gas?

PETALING JAYA: The gas supply shortage problem in the power sector has thrown up the idea of a reserve margin for the supply of gas that can help cushion the impact of expensive alternative fuels.

Speculation livens up stock market

A RESURGENCE of interest in low-priced stocks, as traders actively hunt for the next big run in the local stock market, has thrown several penny counters into the limelight in recent weeks.

AirAsia seeks to lift ancillary income

PETALING JAYA: AirAsia group is working towards stretching its ancillary income to RM60-RM65 per passenger over the medium term from RM50 currently.

Maybank banks on MU for Asean credit card business

KUALA LUMPUR: Malayan Banking Bhd (Maybank), which is targeting 30,000 card members for its new Maybankard Manchester United credit card in the next one year, sees the introduction of this co-branded card as a platform to strengthen its credit card business in the Asean region.

Long-term supply solution needed

THE power industry, which is struggling with a gas supply shortage situation, requires some long-term solutions to its problems.

Treasure pulse