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Hibiscus Petroluem files suit against Lime Norway

Hibiscus Petroluem files suit against Lime Norway

PETALING JAYA: Hibiscus Petroleum Bhd’s wholly-owned subsidiary Gulf Hibiscus Limited (GHL) has filed a writ of summons to claim for compensation against Lime Petroleum AS (Lime Norway) and its three directors/officers for financial losses suffered by GHL in connection with the restructuring undertaken by Lime Norway. The three directors of Lime Norway are Hans Ove […]

October 12, 2018 | By | Reply More
Syed Saddiq calls for TVET enhancement

Syed Saddiq calls for TVET enhancement

KUALA LUMPUR: Youth and Sports Minister Syed Saddiq Syed Abdul Rahman is hoping that the Technical and Vocational Education and Training (TVET) capacities will be enhanced under Budget 2019 to empower the training initiative. “This is because one of the things that I really want to do is to reduce youth unemployment into a single […]

October 12, 2018 | By | Reply More
Bursa Malaysia opens slightly lower

Bursa Malaysia opens slightly lower

KUALA LUMPUR: Bursa Malaysia was marginally lower at the opening today amid extended weaknesses in Wall Street’s performance overnight. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.28 point easier at 1,708.21 from 1,708.49 on Thursday. The key index opened 4.57 points weaker at 1,703.92. On the scoreboard, losers led gainers by […]

October 12, 2018 | By | Reply More
Pasdec Holdings Bhd flat at 38sen this morning

Pasdec Holdings Bhd flat at 38sen this morning

PETALING JAYA:Pasdec Holdings Bhd remained flat at 38sen at early trade despite of RM380million contract win to manufacture and supply electrical wiring harness set for its 3G-200 H60A Vehicles from Nissan South Africa (Pty) Ltd. At 11.12 a.m the stock was still trading at 38sen with 202,400 shares done. The stock rose briefly at 9.30a.m […]

October 12, 2018 | By | Reply More
Supermax down 3.13% on appointment of new chairman

Supermax down 3.13% on appointment of new chairman

PETALING JAYA: Supermax Corp Bhd’s shares fell as much as 3.13% to RM2.78 on appointment of Albert Saychuan Cheok as its new chairman. At 11.37am the stock was trading at RM2.85 with 2.20million shares done. Cheok, 68, is a certified accountant and chairman of several listed companies in Hong Kong, Singapore and Australia. He is […]

October 12, 2018 | By | Reply More
Barakah up 8.33% on five-year contract win

Barakah up 8.33% on five-year contract win

PETALING JAYA: Barakah Offshore Petroleum’s share price rose as much as 8.33% to 13sen at early trade, after bagging a five-year contract from Hess Exploration and Production Malaysia BV. At 11.04am, the stock was trading at 13sen with 7.70million shares done. Barkah via its subsidiary PBJV Group Sdn Bhd, has bagged a five-year contract from […]

October 12, 2018 | By | Reply More
Ringgit marginally higher versus US dollar

Ringgit marginally higher versus US dollar

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar at Friday’s opening on mild buying support for the local note, a dealer said. At 9am, the local currency stood at 4.1520/1560 against 4.1580/1600 recorded at yesterday’s closing. “This slightly higher ringgit won’t last long as we expect the trade war to escalate, which […]

October 12, 2018 | By | Reply More
Cloudy outlook for local stocks in short term

Cloudy outlook for local stocks in short term

PETALING JAYA: The local stock market saw heavy selling pressure again today, tumbling as much as 52.2 points or 3% to a low of 1,682.98 points at one point amid a regional sell-off following the rout on Wall Street overnight, before closing 26.69 points weaker at 1,708.49. Coupled with the loss of 38.97 points on […]

October 11, 2018 | By | Reply More
Awer warns of higher tariffs if utility companies take over infrastructure development

Awer warns of higher tariffs if utility companies take over infrastructure development

PETALING JAYA: The Association of Water and Energy Research Malaysia (Awer) has warned that imposing the cost for utility infrastructure in housing projects on utility companies will ultimately result in higher tariffs for consumers with additional capital expenditure (capex), along with a more frequent review of tariffs. Awer president S. Piarapakaran pointed out that the […]

October 11, 2018 | By | Reply More
Ekuiti Nasional exits cross-border mobile transaction firm Tranglo for RM114.9m

Ekuiti Nasional exits cross-border mobile transaction firm Tranglo for RM114.9m

PETALING JAYA: Ekuiti Nasional Bhd (Ekuinas) has disposed of its 60% stake in mobile transaction gateway services provider Tranglo Sdn Bhd to Hong Kong-based TNG FinTech Group Inc for RM114.9 million, three years after acquiring the interest for RM54 million. This translates to an internal rate of return of 26.8% and money multiple of 1.96 […]

October 11, 2018 | By | Reply More