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Business Premium

Malaysia’s private sector debt soaring

PRIVATE sector debt in Malaysia is on the rise as business expansion continues to be fuelled by debt accumulation over the years.

Business

CCM to reap rewards from expansion investments

PETALING JAYA: Chemical Company of Malaysia Bhd (CCM) is expected to reap the rewards of its capacity expansion investments this year, as well as the benefits of its degearing and demerger exercises.

Property

Tropicana Corp calls off Pulai land sale

Agreement lapses and both parties agree not to extend it

Business

Sapura Energy expected to turn around in financial year 2020

TYPICALLY, most oil and gas (O&G) companies should be generating profits with the crude oil prices currently trading at a high of US$80 per barrel.

Corporate News

Analysts see encouraging signs for Astro Malaysia

PETALING JAYA: Despite weak second-quarter results, analysts reckon that there are encouraging signs for Astro Malaysia Holdings Bhd going forward, which include a rebound in earnings in the coming quarters and positive net additions for its pay-TV subscribers.

Corporate News

Sapura’s degearing move, sells 50% of E&P to cut debts

PETALING JAYA: Sapura Energy Bhd, which is saddled with net debt of slightly more than RM15bil, has stepped up plans to reduce its gearing with a proposed disposal of a 50% stake in its oil and gas exploration and production (E&P) arm to Austria’s OMV Aktiengesellschaft (OMV AG).

Business

Sapura Energy gets cool reception

PETALING JAYA: Speculation about Sapura Energy Bhd’s plan to raise up to US$750mil (RM3.03bil) through an initial public offer exercise has failed to create excitement over its shares.

Corporate News

CCM sees robust growth next year

KUALA LUMPUR: Chemical Company of Malaysia Bhd (CCM) is expecting between a 10% and 20% rise in its revenue for 2018 and 2019, respectively, based on the pent-up demand for its products, says group managing director Nik Fazila Shihabuddin.

Property

A more nimble, efficient CCM

Chemical Company of Malaysia Bhd (CCM) is working towards building up its capacity in chemicals and polymers production in anticipation of stronger demand from local and regional markets.

Corporate News

REV Asia surges on special dividend plan

KUALA LUMPUR: Shares of REV Asia surged to a near three-month high of RM1 on Thursday after it announced a special single-tier dividend of 44 sen a share.