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KUALA LUMPUR: Petroliam Nasional Bhd's (Petronas) subsidiary will supply liquified natural gas (LNG) to Shenergy Group Company Ltd under a proposed 12-year contract which includes collaboration to build vessels to deliver the cargo.
BACK in the early 2000s, the thought of running his family’s prefabricated container business did not really cross James Yeoh Chor Guan’s mind. The UK-educated mechanical engineer was, after all, working with one of the world’s largest consultancy firms in Singapore. The perks were good and so was the prestige.
MALAYSIA has the potential to become the next Asean logistics hub, but the vision can only be realised with a strong pool of local talents to support a collective move among industry players to create a robust logistics ecosystem.
AMIDST an uneasy calm in the Middle East, currently the scene of unpredictable events, oil price is likely to remain volatile.
SINGAPORE (Bloomberg) -- Oil headed for its biggest weekly loss since July as the prospect of an immediate confrontation between the US and Iran abated, allaying fears of disruption to Middle East energy supplies.
NEW YORK: oil prices retreated further on Thursday, adding to sharp losses in the previous session as the market shifted focus toward rising U.S. crude stocks and away from worries about the conflict between the United States and Iran.
PETALING JAYA: The government’s decision to postpone the petrol subsidy programme (PSP) may backfire, if the US-Iran conflict is prolonged and results in soaring crude oil prices.
KUALA LUMPUR: CGS-CIMB Equities Research sees oil and gas (O&G) and plantation companies as potential winners if crude oil prices stay elevated, while airline, shipping, rubber gloves and petrochemical companies may be impacted due to higher operating costs.
KUALA LUMPUR: CGS-CIMB Research expects Gas Malaysia Bhd’s earnings to remain stable as the additional shipper margin could offset the lower regulated earnings in the regulatory period 1 (RP1).
SINGAPORE: Owners of oil tankers are boosting their rates to haul crude on a key route from the Middle East as risks in the Gulf escalate after Iran retaliated against the U.S. killing of a top general.