Sabah & Sarawak
Explore opportunities to boost palm oil export to Asia-Pacific
Malaysian palm oil industry leaders have been encouraged to explore opportunities to export to Asia-Pacific as the region is expected to increase its Malaysian palm oil imports by an extra 350,000 metric tonnes (MT) this year, leading up to an extra 692,000 MT in 2020. In a statement, Minister of Plantation Industries and Commodities, Datuk Seri Mah Siew Keong, said the Malaysian palm oil has a steady market within the Asia-Pacific.
Labuan ibfc records 43 captive insurers in 2Q
The Labuan International Business and Financial Centre (Labuan IBFC) has recorded 43 captive insurers, with an aggregated written premium of up to US$500 million in the second quarter of 2017. Chief executive officer, Danial Mah Abdullah said the number had increased from 39 captives with an aggregated written premium of US$348.6 million recorded in 2016.
KKB’s OceanMight wraps up second ECP project
OceanMight Sdn Bhd (OceanMight), the associate company of KKB Engineering Bhd (KKB) has officially wrapped up their second Engineering Construction and Procurement (ECP) project – The Bunga Pakma Wellhead riser project. With its completion, the wellhead riser platform topside and jacket structures have been loaded out and are due to sail away at the end of August to undergo installation in the Bunga Pakma field, Block PM-3 within the shared Malaysia and Vietnam Zone.
Petronas expects balance in oversupplied LNG market in 2023
Malaysian state energy company Petroliam Nasional Bhd (Petronas) expects the global liquefied natural gas (LNG) market to remain oversupplied until as late as 2023, its chief executive said. Rising LNG production over the last two years, mainly from Australia and the United States, has exceeded demand and depressed prices. Asian spot LNG prices LNG-AS are now down by around 70 per cent from early 2014.
Press Metal’s 1HFY17 net profit on the uptick as aluminium prices continue support
Press Metal Bhd’s net profit for the first half of financial year 2017came in within analysts’ expectations.
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National
Explore opportunities to boost palm oil export to Asia-Pacific
Malaysian palm oil industry leaders have been encouraged to explore opportunities to export to Asia-Pacific as the region is expected to increase its Malaysian palm oil imports by an extra 350,000 metric tonnes (MT) this year, leading up to an extra 692,000 MT in 2020. In a statement, Minister of Plantation Industries and Commodities, Datuk Seri Mah Siew Keong, said the Malaysian palm oil has a steady market within the Asia-Pacific.
Labuan ibfc records 43 captive insurers in 2Q
The Labuan International Business and Financial Centre (Labuan IBFC) has recorded 43 captive insurers, with an aggregated written premium of up to US$500 million in the second quarter of 2017. Chief executive officer, Danial Mah Abdullah said the number had increased from 39 captives with an aggregated written premium of US$348.6 million recorded in 2016.
KKB’s OceanMight wraps up second ECP project
OceanMight Sdn Bhd (OceanMight), the associate company of KKB Engineering Bhd (KKB) has officially wrapped up their second Engineering Construction and Procurement (ECP) project – The Bunga Pakma Wellhead riser project. With its completion, the wellhead riser platform topside and jacket structures have been loaded out and are due to sail away at the end of August to undergo installation in the Bunga Pakma field, Block PM-3 within the shared Malaysia and Vietnam Zone.
Petronas expects balance in oversupplied LNG market in 2023
Malaysian state energy company Petroliam Nasional Bhd (Petronas) expects the global liquefied natural gas (LNG) market to remain oversupplied until as late as 2023, its chief executive said. Rising LNG production over the last two years, mainly from Australia and the United States, has exceeded demand and depressed prices. Asian spot LNG prices LNG-AS are now down by around 70 per cent from early 2014.
Press Metal’s 1HFY17 net profit on the uptick as aluminium prices continue support
Press Metal Bhd’s net profit for the first half of financial year 2017came in within analysts’ expectations.