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Corporate News

Outsourcing industry bouncing back

MANILA: The Philippines’ outsourcing industry is experiencing a resurgence, with companies looking to fill thousands of positions as the pandemic forces other countries to move jobs overseas, according to the labour department.


AmInvest Research upgrades Sapura Energy to Buy, ups target price to 50c

KUALA LUMPUR: AmInvestment Research upgraded its call on Sapura Energy (Sapura) to Buy from Hold with a higher fair value of 50 sen a share from an earlier 30 sen.


Ctrl-Alt-Stall - India's engineers struggle for work as jobs crisis worsens

CHINCHWAD, India (Reuters) - Santosh Gurav gained a bachelor's degree in technology from a mid-tier college in western India last year, specialising in electrical engineering and hoping to land a job in industrial automation.


SapuraKencana bags RM433mil worth of offshore jobs

KUALA LUMPUR: SapuraKencana Petroleum Bhd has been awarded four engineering and construction contracts with a total value of about US$97.4mil (RM433.4mil).


AmInvestment upgrades MMHE to Buy, sees brighter prospects

KUALA LUMPUR: AmInvestment has upgraded its recommendation for Malaysia Marine and Heavy Engineering (MMHE) from Hold to a Buy with a higher fair value of RM1.25 a share from RM1 previously.


Eversendai attempts breakthrough in O&G with liftboat venture

THE oil and gas (O&G) industry may be in vogue for investors, but Eversendai Corp Bhd’s foray into the sector has not really piqued investor interest. In May, Eversendai announced it had bagged contracts for the construction of two liftboats valued at RM580mil.