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Petronas, Sarawak govt case hits snag, uncertainty rises after July 1

KUALA LUMPUR: The court case between national oil company Petroliam Nasional Bhd (Petronas) and the Sarawak government, which could not proceed further on technical grounds, raises questions about oil and gas operations ...

Overpaid CEOs and social duties of GLCs set for review

The new government has clearly said that there is a need to review the role of GLCs and the remuneration paid out to their top executives A GLANCE at one of the annual reports of the country’s government-linked companie...

Oil prices soar as OPEC agrees to modest output hikes

NEW YORK: Oil prices soared on Friday after oil producers agreed to modest crude output increases to compensate for losses in production at a time of rising global demand. The Organization of the Petroleum Exporting Cou...

Wall Street Week Ahead: Supercharged telecom sector could become investor favorite

SAN FRANCISCO: An overhauled telecommunications sector featuring most of the so-called FANG stocks could debut as Wall Street's hottest bet when it kicks off in September, boosted by a rising wave of media and television...

Mahathir says ringgit’s fair value at 3.8, same as Asia crisis peg

KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad said the ringgit’s fair value today is the same as the peg that his previous government established in 1998 in a controversial move during the Asian financial crisis. ...

Petronas committed to helping Sarawak become major oil industry player

KUALA LUMPUR, June 21 (Bernama) -- Petronas is committed to support Sarawak's aspiration to become a major player in the petroleum industry and has so far invested RM183 billion in the upstream sector in the state alone ...

THE FEDERAL COURT DISMISSED PETROLIAM NASIONAL BHD ( PETRONAS) APPLICATION FOR LEAVE TO COMMENCE PROCEEDINGS AGAINST THE SARAWAK STATE GOVERNMENT.

PUTRAJAYA: The Federal Court dismissed Petroliam Nasional Bhd (Petronas) application for leave to commence proceedings against the Sarawak state government. After hearing arguments from both parties on Wednesday, Chie...

Funds outflow likely to slow down

PETALING JAYA: Although foreign investors have been net sellers of both the equities and bond markets so far this year, the outflows are expected to reverse in the next few months. Analyst and fund managers said the out...

Bursa Malaysia poised for correction amid foreign outflows

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI Index fell Wednesday, poised to enter a correction as foreign outflow helped drive the country’s benchmark stock down by more than 10% from its peak in April. KLCI Index down ...

Ringgit easier against US$ prompted by stronger greenback

KUALA LUMPUR: The ringgit was easier against the US dollar early Thursday, prompted by the stronger greenback on growing optimism over higher US interest rates, a dealer said. At 9 am (0100 gmt), the ringgit was quoted ...

Shell sells US$1.3bil of oil and gas assets in Malaysia, Norway Read

LONDON/ OSLO: Royal Dutch Shell announced the sale on Wednesday of oil and gas assets in Norway and Malaysia for over $1.3 billion (988 million pounds), bringing it closer to a target of $30 billion in disposals by year-...

Shell sells US$1.3bil of oil and gas assets in Malaysia, Norway

LONDON/ OSLO: Royal Dutch Shell announced the sale on Wednesday of oil and gas assets in Norway and Malaysia for over $1.3 billion (988 million pounds), bringing it closer to a target of $30 billion in disposals by year-...

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