Sarawak Consolidated Industries Completes RM113 Mln Subsidiary Disposal

KUALA LUMPUR, May 22 (Bernama) -- Sarawak Consolidated Industries Bhd (SCIB) has completed the disposal of its subsidiary SCIB Concrete Manufacturing Sdn Bhd (SCM) for RM113 million.

ADB Visit Underscores Labuan’s Role As O&G, Financial Services Gateway

By Jailani Hasan

LABUAN, May 22 (Bernama) -- The Asian Development Bank’s (ADB) official visit to Labuan has renewed attention on the duty-free island’s strategic economic position as an offshore oil and gas support base, international financial centre and maritime gateway.

ADE Secures US$100 Mln Financing From QNB Group To Accelerate Expansion, Strengthen Regional Position

KUALA LUMPUR, May 22 (Bernama) -- Asia Digital Engineering (ADE), the maintenance, repair and overhaul (MRO) subsidiary of Capital A Bhd, has secured a US$100 million (US$1=RM3.95) financing facility from QNB Group, a financial institution in the Middle East and Africa.

DR Congo Football Team Cancel Training In Kinshasa Due To Ebola

KINSHASA, May 21 (dpa) -- Democratic Republic of Congo’s national football team has cancelled a World Cup preparation camp and a public farewell in the country’s capital of Kinshasa after a severe Ebola outbreak in the country.

MNRB FY2026 Profit Soars To RM545.39 Mln, Sets New Earnings Benchmark

KUALA LUMPUR, May 21 (Bernama) -- MNRB Holdings Bhd’s net profit rose to RM545.39 million for the financial year ended March 31, 2026 (FY2026) from RM394.25 million in the preceding year.

Petron Turns To Net Loss Of RM35 Mln In 1Q 2026

KUALA LUMPUR, May 21 (Bernama) -- Petron Malaysia Refining and Marketing Bhd turned to a net loss of RM35.04 million in the first quarter ended March 31, 2026 (1Q 2026), compared with a net profit of RM81.03 million in the same quarter last year.

Petron Malaysia Begins Limited Refinery Operations Amid Port Dickson Jetty Repairs

KUALA LUMPUR, May 21 (Bernama) -- Petron Malaysia Refining and Marketing Bhd has started limited and intermittent refinery operations at its refinery in Port Dickson, Negeri Sembilan, to process existing in-tank crude inventories in a move aimed at supporting product availability amid the ongoing West Asia crisis.

Thailand’s Asian Re Retains Good Credit Ratings - AM Best

KUALA LUMPUR, May 21 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb” (Good) of Thailand’s Asian Reinsurance Corporation (Asian Re).

Marquee Brands To Acquire Majority Stake In Roberto Cavalli

KUALA LUMPUR, May 21 (Bernama) -- Marquee Brands, the premier global brand management company, has announced a definitive agreement to acquire a majority interest in Roberto Cavalli through a strategic partnership with Dubai-based DAMAC Group.

I Squared Capital Launches India Power Transmission Platform

KUALA LUMPUR, May 21 (Bernama) -- I Squared Capital (I Squared), a global infrastructure investment manager, has launched Cube Grid, a power transmission platform targeting India's expanding electricity grid.

AM Best Affirms Taiwan’s Union Excellent Credit Ratings

KUALA LUMPUR, May 21 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Taiwan’s Union Insurance Company Limited (Union).

EIG’s MidOcean Energy Secures US$120 Mln Investment From The Arab Energy Fund

KUALA LUMPUR, May 21 (Bernama) -- MidOcean Energy (MidOcean), a liquefied natural gas (LNG) company formed and managed by EIG, has secured a US$120 million equity investment from The Arab Energy Fund (TAEF) as part of its ongoing capital raise. (US$1=RM3.96)