BP flags up to US$5bil in energy transition impairments, weak oil trading
LONDON: BP expects to book $4 billion to $5 billion in impairments in the fourth quarter, mainly related to its energy transition businesses, it said on Wednesday, while flagging weak oil trading.
Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse
HIGH-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday in one of the largest retail collapses since the pandemic.
Netflix prepares all-cash offer for Warner Bros, source says
NETFLIX is preparing to make an all-cash offer for Warner Bros Discovery's studios and streaming businesses, a source familiar with the matter told Reuters on Tuesday.
Trading ideas: Capital A, LBS Bina, Rimbunan Sawit, Selangor Dredging, Vstecs, Velocity, Jetson, PetDag, Foodie Media
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Rimbunan Sawit disposes Sarawak asset
Rimbunan Sawit Bhd is disposing of a parcel of land measuring approximately 1,504 ha situated at Batang Baram, Baram in the Miri division of Sarawak, to Trinity Capital Resources Sdn Bhd for RM28mil.
5E Resources gets Bursa’s nod for ACE Market listing
Waste management services provider 5E Resources Holdings Bhd (5E Resources) has received approval from Bursa Malaysia Securities Bhd for its proposed listing on the ACE Market.
Foodie Media 1Q revenue at RM13mil
Recently listed digital-marketing driven media company Foodie Media Bhd oversaw a strong first quarter ended Nov 30, supported by its diversified portfolio of digital assets and marketing capabilities.
iCents Group unit secures RM9mil job
iCents Group Holdings Bhd has secured a sub-contract worth about RM9.12mil for works related to an industrial manufacturing facility in Malaysia.
AirAsia X to be renamed AirAsia from next week
AirAsia X Bhd will be renamed AirAsia from Jan 19 as low-cost carrier AirAsia reaches the final stages of its restructuring to consolidate all aviation businesses under a single entity, according to its founder Tan Sri Tony Fernandes.
Govt-linked entities hold key to Sunway’s bid for IJM
Government-linked shareholders will make or break Sunway Bhd's plan to delist IJM Corp Bhd, following its takeover offer announced on Monday.
