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KUALA LUMPUR: The FBM KLCI fell below the critical 1,500 level in late morning trade on Monday on the political crisis in the ruling coalition government but key Asian markets skidded over the Covid-19 coronavirus.
KUALA LUMPUR: The FBM KLCI wrapped up the morning session slightly lower as most bank stocks extended their losses for the week following Bank Negara's signal on Wednesday that there is room for a further interest rate cut.
KUALA LUMPUR: The FBM KLCI's rebound picked up steam heading into midday, retracing over 18 points as investors bargain-hunted following the recent selldown.
KUALA LUMPUR: The FBM KLCI plunged from the opening bell on Monday as it tracked the sharp retreat in global stocks on fears over the impact of the Wuhan virus on the economy.
Things were beginning to look up for Bumi Armada Bhd after it refinanced some of its debts and returned to the black in the third quarter ended September last year (3QFY19).
PETALING JAYA: The loss of its claims against Australia’s oil firm Woodside Energy Julimar Pty Ltd (WEJ) will unlikely have a material impact on the financial position of Bumi Armada Bhd.
PETALING JAYA: Bumi Armada Bhd’s claim against Australia’s oil firm Woodside for the termination of a contract for its floating production storage and offloading unit (FPSO) vessel Armada Claire back in 2016 has been dismissed in court.
KUALA LUMPUR: The Australian Supreme Cout ruled in favour of Woodside Energy Julimar Pty Ltd (WEJ) against Bumi Armada Bhd over a contract to provide floating production storage and offloading services on Sept 30,2011.
KUALA LUMPUR: Bursa Malaysia started Tuesday on a worried note as the FBM KLCI skidded over 25 points at one point, tracking the overnight fall on Wall Street and key Asian markets over the coronavirus outbreak.
KUALA LUMPUR: Oil and gas (O&G) related counters continued to dominate the list of most active stocks on the local bourse in early trade Wednesday.