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THE largest shareholder of Mudajaya Group Bhd, and the reason behind the surge in its share price of late, is in the midst of reviewing the group’s plans and its direction for the future.
PETALING JAYA: International offshore energy facilities and services provider Bumi Armada Bhd posted a net profit of RM153.37mil for the third quarter of financial year ending Dec 31, 2019 (FY19), compared with a net loss of RM502.82mil a year ago.
KUALA LUMPUR: Malaysian state energy company Petronas said yesterday that it will not participate in Saudi Aramco’s initial public offering, expected to be the world’s biggest share sale.
PE houses have lots of funds for investment, but the challenge remains in finding the right deals.
NEW YORK: US stock indexes moved slightly lower on Thursday as investors moved to the sidelines with mixed messages and no concrete signs of progress on U.S.-China relations.
From DR ONG HEAN TEIK, Consultant cardiologist, Penang.