Sunday, April 2nd, 2017

 

Bursa reprimands Nexgram, DBHD director

Bursa Malaysia Securities Bhd has reprimanded and imposed a fine of RM30,000 to the former Managing Director of Damansara Realty Bhd (DBHD) Syed Omar Syed Mohamed and as the former Chief Executive Officer and Executive Director of Nexgram Holdings Bhd (Nexgram) for breach Main Market listing guidelines. Syed Omar had caused DBHD and Nexgram to submit inaccurate and false / misleading statements pertaining to his qualification as a holder of a Bachelor of Accounting and Finance degree in various announcements in both companies as well as the annual reports ofRead More


Petronas and Pavilion Energy inks MoU for LNG collaborations

  Petroliam Nasional Bhd (Petronas) subsidiary, Petronas LNG Ltd (PLL), has inked a Memorandum of Understanding (MoU) with Pavilion Gas, a wholly-owned subsidiary of Pavilion Energy, to explore collaboration opportunities in liquefied natural gas (LNG) business. The MOU, which was signed on 30 March 2017 in Kuala Lumpur, marks a significant step in the relationship between Pavilion Energy and PETRONAS. Under the terms of the MoU, the two parties will explore ways to collaborate and optimise the opportunities within the LNG business, including spot trading and joint efforts relating to receivingRead More


Nexgram upbeat on property segment

Nexgrams Holdings Bhd is upbeat on its property development segment that forms part of future growth of its existing businesses. Through its wholly-owned subsidiary Nexgram Land Sdn Bhd, the Group has already signed a Off Take Agreement cum Sales and Purchase Agreement with Myangkasa Bina Sdn Bhd to develop parcel of lands in Putrajaya and Cyberjaya. The development involves a two (2) block 35-storey residential comprised of corporate office building, small office home office (“SOHO”), commercial retail shop and high-end suites apartment on a 5.9 acres commercial land respectively. TheRead More


Oil retreats, set to become worst-performing asset in Q1 2016

NEW YORK, April 2 — Oil prices fell on Friday after a three-day rally ran out of steam as a higher US rig count signaled rising production from shale, contributing to the global supply glut. Prices have been locked within a range during the…


Oil retreats, set to become worst-performing asset in Q1 2017

NEW YORK, April 2 — Oil prices fell on Friday after a three-day rally ran out of steam as a higher US rig count signaled rising production from shale, contributing to the global supply glut. Prices have been locked within a range during the…


UK trade delegation heads to India after Brexit trigger

LONDON, April 2 — British finance minister Philip Hammond will head a business delegation to India next week in an effort to boost international trade as Britain begins the process of leaving the European Union. Chancellor of the Exchequer…


Redefining the green tech game

KUCHING: Malaysia is perhaps leading the region in an effort towards adopting green technology, encouraging Malaysians towards a green lifestyle resulting in a vibrant local green economy. Under the watchful eye of the Malaysian Green Technology Corporation (GreenTech Malaysia), various efforts are made to lead the nation’s green technology landscape through impactful projects under its […]


Bursa Malaysia to trend higher towards 1,800 points level

KUALA LUMPUR: Bursa Malaysia is poised to trend higher, driven by the return of foreign funds into the country and stabilising ringgit against the US dollar, with the benchmark FTSE Bursa Malaysia KLCI moving towards the 1,800 points level. Affin Hwang Investment Bank vice-president and head of Retail Research, Datuk Dr Nazri Khan Adam Khan […]


The week at a glance 2 April 2017

Sabah & Sarawak Dayang rises on news of Perdana Petroleum contract win Shares in Dayang Enterprise Holdings Bhd (Dayang) rose on Bursa Malaysia on Monday following news of its subsidiary, Perdana Petroleum Bhd (Perdana Petroleum) winning the award for a spot charter marine vessels services contract from Petronas Carigali Sdn Bhd (PCSB). Perdana Petroleum’s wholly-owned […]


What’s next for crude price?

Crude prices has been trading sideways below US$55 per barrel since the fourth quarter (4Q) of last year. The market recovered from US$26 per barrel low in February 2016 and wobbled amid global glut. Technically, staying above US$50 per barrel benchmark could highly indicate further advancement over the longer term. However, the energy instrument has […]