Oil Prices Rally Amid Israel-Iran Conflict, Lifting Bursa Malaysia's Energy Stocks

KUALA LUMPUR, June 13 (Bernama) -- Israel’s military strike on Iran earlier today sent oil prices sharply higher, pushing up the Bursa Malaysia Energy Index by 2.01 per cent to 740.76 points from 726.13 points at yesterday’s close.

Bursa Malaysia Ends In The Red As Geopolitical Tensions, Tariff Plans Rattle Markets

By Harizah Hanim Mohamed

KUALA LUMPUR, June 13 (Bernama) -- Bursa Malaysia closed lower on Friday, weighed down by heavy selling in technology, healthcare, and logistics stocks, as risk-off sentiment intensified following escalating geopolitical tensions and Washington’s plan to impose unilateral tariffs within the next two weeks.

Bursa Malaysia Opens Lower On Weak Regional Sentiment

KUALA LUMPUR, June 13 (Bernama) -- Bursa Malaysia opened lower on Friday, retreating from the previous day’s gains, weighed down by weak performances across regional markets.

Hibiscus Petroleum Signs RM439 Mln Islamic Financing Deal With Brunei Banks

KUALA LUMPUR, April 17 (Bernama) -- Hibiscus Petroleum Bhd, through its wholly owned subsidiary Simpor Hibiscus Sdn Bhd, has signed a long-term US$100 million (RM439 million) Islamic syndicated financing agreement with Bank Islam Brunei Darussalam (BIBD) and Baiduri Bank.

Hibiscus Petroleum's EBITDA Exceeds RM 1 Bln For Three Consecutive Years - Chairman

KOTA BHARU, April 10 (Bernama) -- Hibiscus Petroleum Bhd recorded revenue of RM2.7 billion last year, with earnings before interest, tax, depreciation and amortisation (EBITDA) exceeding RM1 billion for the third consecutive year.

Hibiscus Shares Rise After PSC, Gas Sales Agreement Extensions

KUALA LUMPUR, April 10 (Bernama) -- Hibiscus Petroleum Bhd’s share price rose in early trade today following the announcement that the Petroleum Malaysia Field Three (PM3) commercial arrangement area production sharing contract (PM3 CAA PSC) and upstream gas sales agreement (UGSA) will continue.

Hibiscus Petroleum’s Units Secure 20-year Extension For PM3 CAA Contract

KUALA LUMPUR, April 9 (Bernama) -- Hibiscus Petroleum Bhd’s indirect wholly-owned subsidiaries, Hibiscus Oil & Gas Malaysia Ltd. and Hibiscus Oil & Gas Malaysia Ltd. (HML PM3) have inked a key principles agreement with Petroliam Nasional Bhd (Petronas) and Vietnam Oil and Gas Group (PetroVietnam).

Hibiscus Petroleum's Brunei Acquisition To Contribute To Earnings Starting FY2025

By Siti Radziah Hamzah

KUALA LUMPUR, Nov 26 (Bernama) -- Hibiscus Petroleum Bhd's acquisition of TotalEnergies in Brunei will start to contribute to its earnings from the financial year ending June 30, 2025 (FY2025), said managing director Dr Kenneth Pereira. 

Hibiscus Petroleum Posts Lower 1Q Net Profit Of RM75.60 Mln

KUALA LUMPUR, Nov 19 (Bernama) -- Hibiscus Petroleum Bhd’s net profit for the first quarter (1Q) ended Sept 30, 2024, slipped to RM75.60 million from RM154.30 million posted in the same quarter last year. 

Abdul Halim Ismail, Pioneer Of Islamic Finance In Malaysia - Bank Islam CEO

MTA Unveils Maqasid Shariah Scorecard To Enhance Impact, Sustainability Of Takaful Industry

KUALA LUMPUR, Oct 15 (Bernama) -- The Malaysian Takaful Association (MTA) has launched the Maqasid Shariah Scorecard (MSS), a transformative initiative aimed at assessing the industry’s impact and sustainability. 

Kenaf Industry Seeks Greater Govt Support To Boost Growth -- Chan

CYBERJAYA, Sept 19 (Bernama) -- The kenaf industry needs more government support to accelerate its growth and attract more smallholders to engage in its cultivation, which could significantly contribute to the national economy, according to Deputy Plantation and Commodities Minister Datuk Chan Foong Hin.