1y ago
KUALA LUMPUR, Jan 10 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) has estimated that any potential capital expenditure (capex) cut by Petroliam Nasional Bhd (Petronas) following a gas distribution agreement with Petros in Sarawak would not exceed RM10 billion annually.
1y ago
KUALA LUMPUR, Jan 10 (Bernama) -- Bank Negara Malaysia (BNM) is expected to keep the overnight policy rate (OPR) at 3.0 per cent during its meeting on Jan 22, 2025, according to BMI, a Fitch Solutions company.
1y ago
KUALA LUMPUR, Jan 9 (Bernama) -- Dialog Group Bhd has announced that the field development and abandonment plan (FDAP) for the Baram Junior Cluster Small Field Asset Production Sharing Contract (BJC SFA PSC) has achieved a final investment decision of US$235 million (US$1=RM4.50).
1y ago
KUALA LUMPUR, Jan 9 (Bernama) -- The implementation of diesel subsidy rationalisation is expected to provide annual savings of between RM7.2 billion and RM7.5 billion, up from the RM4 billion in savings projected last year, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
1y ago
KUALA LUMPUR, Jan 7 (Bernama) -- Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), in collaboration with Beicip Franlab Asia, has embarked on an integrated basin study to explore untapped resources in the Malay Basin, located off the coast of Peninsular Malaysia.
1y ago
JOHOR BAHRU, Jan 7 (Bernama) -- The Johor-Singapore Special Economic Zone (JS-SEZ) agreement signed today will bring significant benefits, especially to Johor and its people, said Johor Menteri Besar Datuk Onn Hafiz Ghazi.
1y ago
KUALA TERENGGANU, Jan 2 (Bernama) -- Eastern Pacific Industrial Corporation Bhd (EPIC Bhd) through its subsidiary EPIC OG Sdn Bhd (EOGSB) has secured a five-year contract from Petroliam Nasional Bhd’s wholly owned subsidiary Petronas Carigali Sdn Bhd.
1y ago
KUALA LUMPUR, Jan 2 (Bernama) -- Maybank Investment Bank Bhd (Maybank IB) expects Brent crude oil prices to be volatile and weaker this year, averaging at US$70 per barrel compared to US$80 per barrel last year.
1y ago
KUALA LUMPUR, Dec 30 (Bernama) -- Petroliam Nasional Bhd (Petronas) is conducting a comprehensive review of its productivity to streamline its working methods, eliminate inefficiencies, and focus on undertakings that can deliver measurable value.
1y ago
SIPITANG, Dec 28 (Bernama) -- The Sipitang Oil and Gas Industrial Park (SOGIP), which has secured investments totalling about RM29.87 billion, is expected to begin operations in 2026 and 2027, said Chief Minister Datuk Seri Hajiji Noor.
1y ago
KUALA LUMPUR, Dec 26 (Bernama) -- The total industry volume (TIV) for new vehicle sales is expected to decline by four per cent year-on-year to 755,000 units in 2025, compared with 790,000 units in 2024, according to CIMB Securities Sdn Bhd.
1y ago
KUALA LUMPUR, Dec 24 (Bernama) -- Malaysia’s Producer Price Index (PPI) declined by 0.4 per cent in November 2024, a slower decrease compared to the 2.4 per cent drop in October 2024, mainly due to the continued contraction in the mining sector, according to the Department of Statistics Malaysia (DOSM).