North Atlantic Expects To Complete Esso S.A.F. Acquisition On Nov 28

KUALA LUMPUR, Nov 11 (Bernama) -- North Atlantic France SAS (North Atlantic) has provided an update on its proposed acquisition from ExxonMobil France Holding SAS (ExxonMobil) of ExxonMobil’s entire stake in Esso Société Anonyme Française SA (Esso S.A.F.) and in ExxonMobil Chemical France SAS.

MIDA: Central Region Industrial Cluster To Contribute RM24.5 Bln To Annual GDP

KUALA LUMPUR, Nov 11 (Bernama) -- The Central Region Industrial Cluster Development initiative is projected to contribute RM24.5 billion annually to the gross domestic product (GDP) of Selangor, Melaka, Negeri Sembilan, and the Federal Territories of Kuala Lumpur and Putrajaya, said the Malaysian Investment Development Authority (MIDA).

Sarawak's Abdul Karim Becomes First Asian Minister To Address ICCA Congress In Portugal

KUCHING, Nov 11 (Bernama) -- Sarawak Minister of Tourism, Creative Industry and Performing Arts Datuk Seri Abdul Karim Rahman Hamzah made history by becoming the first minister from Asia to address a session on government collaboration at the 65th International Congress and Convention Association (ICCA) Congress in Porto, Portugal.

PETROS Inks Strategic Energy Deals With International Partners

KUCHING, Nov 11 (Bernama) -- Petroleum Sarawak Bhd (PETROS) has signed three strategic energy agreements with international partners to advance oil and gas exploration and accelerate carbon capture, utilisation and storage (CCUS) initiatives in Sarawak.

Sarawak Non-LNG Gas Demand To Reach 500 mmscfd By Year-end -- Azalina

KUALA LUMPUR, Nov 10 (Bernama) -- Domestic natural gas demand in Sarawak for the non-liquefied natural gas (LNG) market is projected to rise to 500 million standard cubic feet per day (mmscfd) by year-end.

Maybank Facilitates RM15 Bln Financing And Investments In JS-SEZ

KUALA LUMPUR, Nov 10 (Bernama) -- Malayan Banking Bhd (Maybank) has facilitated more than RM15 billion into the Johor-Singapore Special Economic Zone (JS-SEZ), comprising RM10 billion in committed financing and up to RM5.35 billion in investment interests via letters of intent (LOIs) from clients.

Bursa Malaysia Ends Higher As Strong Economic Data Lifts Investor Confidence

By Siti Noor Afera Abu

KUALA LUMPUR, Nov 10 (Bernama) -- Bursa Malaysia closed higher on Monday, supported by improving domestic and global economic data that reinforced investor confidence in Malaysia’s near-term growth outlook.

Bursa Malaysia In Positive Territory At Midday

KUALA LUMPUR, Nov 10 (Bernama) -- Bursa Malaysia was in positive territory at midday with strong buying support in heavyweight counters.

Petronas Unit Receives Malaysia’s First Offshore CCS Assessment Permit

KUALA LUMPUR, Nov 10 (Bernama) -- Petronas’ wholly-owned subsidiary, Petronas CCS Ventures Sdn Bhd (PCCSV) has been granted an offshore assessment permit for Carbon Capture and Storage (CCS) for the Duyong area by the Malaysia Carbon Capture, Utilisation, and Storage (MyCCUS) Agency.

Bursa Malaysia Opens Higher On Buying Support

KUALA LUMPUR, Nov 10 (Bernama) -- Bursa Malaysia started the week on a high note with buying support on selected heavyweights and the ongoing strength in the ringgit should entice some inflow of funds into the domestic market despite a mixed performance on Wall Street. 

Finland’s Success In Climate Solutions Offers Valuable Lessons For Malaysia

From Zufazlin Baharuddin

HELSINKI, Nov 9 (Bernama) -- Finland’s leadership and success in climate solutions through the implementation of a circular economy is nothing short of remarkable and offers valuable lessons for Malaysia, which has embraced similar ideals in promoting sustainability.

Malaysia’s Zhibao Labuan Reinsurance Credit Ratings Affirmed Good - AM Best

KUALA LUMPUR, Nov 7 (Bernama) -- AM Best has assigned a financial strength rating of B+ (Good) and a long-term issuer credit rating of “bbb-” (Good) to Malaysia’s Zhibao Labuan Reinsurance Company Limited (Zhibao Re).