KUALA LUMPUR, Aug 13 (Bernama) -- Avangaad Bhd has signed a memorandum of agreement to sell its floating storage and offloading (FSO) vessel, FOIS Nautica Tembikai, to MTC Energy Sdn Bhd for US$10.5 million (RM44.5 million).
KUALA LUMPUR, Aug 13 (Bernama) -- Yinson Holdings Bhd's offshore energy solutions and floating, production, storage, and offloading (FPSO) business unit, Yinson Production, has commenced the 15-year firm charter for the Agogo FPSO, following the issuance of the Provisional Operational Readiness Certificate (PORC) on Aug 12, 2025.
KUALA LUMPUR, Aug 12 (Bernama) -- Sunway Real Estate Investment Trust (Sunway REIT) posted a lower net profit of RM129.35 million in the second quarter ended June 30, 2025 (2Q 2025), down from RM145.07 million year-on-year.
KUALA LUMPUR, Aug 11 (Bernama) -- Petroliam Nasional Bhd (Petronas) is very keen to expand its presence in Canada as the country is now one of its major liquefied natural gas (LNG) suppliers, said executive vice president and chief executive officer of upstream business Mohd Jukris Abdul Wahab.
KUALA LUMPUR, Aug 11 (Bernama) -- Petroliam Nasional Bhd (Petronas) expects the low oil price environment to persist, with prices hovering at around US$64 to US$65 per barrel, said executive vice president and chief executive officer (CEO) of upstream business Mohd Jukris Abdul Wahab. (US$1=RM4.24)
KUALA LUMPUR, Aug 11 (Bernama) -- IOI Properties Group Bhd (IOIPG) shares rose in the early trading session, buoyed by positive market sentiment.
KUALA LUMPUR, Aug 9 (Bernama) -- The ringgit is anticipated to trade cautiously against the dollar next week as investors monitor external developments, particularly regarding United States tariffs.
KUALA LUMPUR, Aug 8 -- Rubicon Point Partners (Rubicon) has announced the first closing of its Rubicon Point Fund II, a real estate investment vehicle targeting special situation opportunities across the West Coast of the United States, with a strategic focus on the San Francisco Bay Area.
KUALA LUMPUR, Aug 7 (Bernama) -- Bank Negara Malaysia’s (BNM) international reserves rose to US$121.3 billion (US$1=RM4.218) as at July 31, 2025.
KUALA LUMPUR, Aug 7 (Bernama) – The growth of Islamic finance will be driven by greater connectivity across asset classes, geographies and generations -- and not just by compliance -- as a generational shift in investor demographics brings in younger, digital-native and value-conscious investors.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, Aug 5 (Bernama) -- The ringgit continued to close higher against the US dollar as expectations of an interest rate cut by the US Federal Reserve (Fed) gained momentum, said an analyst.
KUALA LUMPUR, Aug 5 (Bernama) -- Bank Negara Malaysia (BNM) is advancing several key initiatives to boost digitalisation in the country, as a future-ready system needs more than new technology and business models.
