Sabah & Sarawak
HSL remains key Sarawak pick for Maybank Research
Sarawakian constructor Hock Seng Lee Bhd (HSL) remains the top pick for Sarawak by Maybank Investment Bank Bhd’s research division (Maybank Research) in its construction sector round-up for the second half released Monday.
Press Metal direct beneficiary of rising aluminium prices
Press Metal Bhd (Press Metal) will be a direct beneficiary of rising aluminium prices and premiums. AmResearch Sdn Bhd (AmResearch) on Wednesday noted that aluminium prices have reached a 17-month high due to low inventories, high demand and the cut in global capacity. On Monday, the London Metal Exchange (LME) spot aluminium closed at US$2003.25 per MT, a 14 per cent year to date (YTD) gain, adding that the YTD average is US$1,772.66 per MT.
Petronas announces first oil production from Bentara field
Petroliam Nasional Bhd (Petronas) announced Wednesday that the Bentara field in the Balai Cluster Risk Service Contract (RSC) area located offshore Sarawak, has achieved its first oil production on May 25, 2014. The field which is expected to produce more than 1,000 barrels of oil per day is being developed and operated by BC Petroleum Sdn Bhd.
BCCK networks with meetings industry’s global community
Members of the Borneo Convention Centre Kuching’s (BCCK) management team as well as sales and marketing team recently participated in a live Hybrid Workshop organised by the International Congress and Convention Association (ICCA), a global community comprising business events industry professionals.
New MASwings CEO upholds ambition for regional carrier
MASwings Sdn Bhd (MASwings) aims to become a regional carrier in the future, says new chief executive officer (CEO) Captain Ritzerwan Rashid who has just been appointed less than two months’ ago.He believes good preparation works supported by a strong foundation as well as the support from the state government will enable the carrier to achieve this target.
Kimanis Power plant second block commences operation
Petronas Gas Bhd subsidiary, KimanisPower Sdn Bhd (KPSB), has started the commercial operations for its second block of its Kimanis Power Plant (KPP) on July 22, 2014.
National
MAS faces likely delisting after second disaster
Malaysian Airline System Bhd (MAS) is likely near the end of its days as a publicly traded company. The company plans to present a revival plan to its state-run parent Khazanah Nasional Bhd soonk, people familiar with the matter said Tuesday.
Malaysia outlets sell out of lotto numbers linked to MH17
Gambling outlets across Malaysia stopped offering lottery number combinations 1717 and 777 linked to downed Malaysian Air Flight 17, operator Magnum Bhd (Magnum) said. Bettors queued up at gambling outlets run by Magnum and Berjaya Sports Toto Bhd to buy such numbers after the flight crashed in eastern Ukraine on July 17.
BNM likely to maintain opr for rest of year
Bank Negara Malaysia (BNM) is likely to maintain the current overnight policy rate (OPR) for the rest of the year, say Malaysian Institute of Economic Research (MIER) executive director, Dr Zakariah Abdul Rashid on Tuesday.
Sona Petroleum to buy 40 pct stake in Salamander Energy Bualuang
Sona Petroleum Bhd via its wholly-owned unit, Sona Exploration and Production (Thailand) Ltd, is acquiring a 40 per cent equity interest in Salamander Energy (Bualuang) Ltd from Salamander Energy (Bualuang Holdings) Ltd for about RM895.2 million.
AirAsia warns of airport congestion during Hari Raya
AirAsia Bhd guests flying during the Hari Raya Aidilfitri holiday period are advised to arrive at the airport earlier than usual for their flights. This is due to the expected surge of passenger numbers at the airport and possible congestion on major roads during the festivity period.
Heng Huat plans to grow sales of briquette post listing
Heng Huat Resources Group Berhad (Heng Huat), an integrated manufacturer of oil palm and coconut biomass products in Malaysia, plans to grow its sales of briquette
to meet the potential increase in demand in the China market.This follows its listing on the ACE market of Bursa Malaysia on
Friday.