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Corporate News

11MP Mid Term Review: Economy to grow slower pace of 4.5% to 5.5%

KUALA LUMPUR: Malaysia’s economy is expected to grow at a slower pace of an average annual rate between 4.5% and 5.5% in the remaining period from 2018 to 2020, supported by sustained domestic demand, especially from private sector expenditure.

Business

Petronas Floating LNG 2 to be delivered on schedule

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has achieved another construction milestone for its second floating liquefied natural gas (LNG) facility, despite reports that the project may be suspended or even cancelled due to spending cuts.

Property

Report: Petronas reviewing 2nd floating LNG project

STATE oil company Petroliam Nasional Bhd (Petronas) is reviewing its second floating liquefied natural gas development (PFLNG2) and is now in talks that could see the project suspended for at least two years, according to Upstream, an international oil and gas publication.

Analyst Reports

Aker Solutions wins Murphy Sabah Oil job

KUALA LUMPUR: Aker Solutions has secured a contract to provide sub-sea production system for Rotan deepwater natural gas development in Malaysia.

Business

AmResearch maintains Overweight on oil, gas sector

KUALA LUMPUR: AmResearch is maintaining its Overweight call on the oil and gas (O&G) sector with Buy calls for SapuraKencana Petroleum, Alam Maritim, and Bumi Armada.

Business

Murphy mulls US$2b-US$3b sale of M'sian assets

PETALING JAYA: Spurred by the recent sale of Newfield Exploration Co’s Malaysian operations, American oil major Murphy Oil Corp is looking to hive off a 30% stake in its oil and gas assets here at a price tag of US$2bil-US$3bil (RM6.62bil-RM9.93bil), sources said.

Business

JGC Corp, Samsung Heavy secure Petronas floating LNG job

KUALA LUMPUR: A consortium including JGC Corporation and Samsung Heavy Industries Company Ltd has bagged a contract from Petroliam Nasional Bhd to build its second floating liquefied natural gas facility (PFLNG 2) project off Sabah.

SME

IT consultants leave their desk to pursue passion for farming

IT IS not unusual to find people switching professions in pursuit of a passion or a dream.

Business

HLIB ups MISC target price by RM1.30

Hong Leong Investment Bank Research is maintaining its Buy call on shipping company MISC Bhd, with fair valuation increased to RM6.50 from RM5.20 and the sector put on Overweight.