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KUALA LUMPUR: Malaysian state energy company Petronas said on Friday it will not participate in Saudi Aramco’s initial public offering, expected to be the world’s biggest share sale.
KUCHING: Press Metal Aluminium Holdings Bhd is acquiring a 25% stake in alumina producer PT Bintan Alumina Indonesia (PT BAI) for US$80.23mil (RM331.4mil).
SAUDI Aramco set a price range for its blockbuster listing that implies the oil giant is worth between $1.6 trillion and $1.7 trillion, below the $2 trillion Saudi Crown Prince Mohammed bin Salman previously targeted.
KUALA LUMPUR: Press Metal Aluminium Holdings Bhd has agreed to pay US$80.2mil (RM331.5mil) for the subscription of a 25% stake in an alumina producer based in Bintan, Indonesia.
OIL prices have gained around 10% since early October, and prices are expected to be supported in the near term by easing recession risks and tightening supply-demand balances.
A letter from CONCERNED TAXPAYER, Kuala Lumpur.
PETALING JAYA: Weak third quarter results, which were dragged down by lower product prices, has led to a downgrade of Petronas Chemicals Group Bhd (PetChem) by Affin Hwang Capital Research.
PETALING JAYA: KNM Group Bhd’s unit, FBM-KNM FZCO, has accepted an additional purchase order from PSS Netherlands B V Sharjah Branch worth US$5.18mil (RM21.52mil) for the supply of shell and tube heat exchangers for the Clean Fuels Project in Thailand.
KUALA LUMPUR: KNM Group Bhd's unit FBM-KNM FZCO has accepted an additional purchase order from PSS Netherlands B V Sharjah Branch worth US$5.18mil (RM21.52mil) for the supply of shell and tube heat exchangers for the Clean Fuels Project in Thailand.
PETALING JAYA: Dialog Group Bhd’s net profit jumped 43.6% to RM164.63mil in the first quarter ended Sept 30 (1Q19) from RM114.64mil a year ago, attributable to the stronger performance of all activities in its Malaysian operations.