Yinson Production completes US$1.3bil project financing for Agogo FPSO
KUALA LUMPUR: Yinson Holdings Bhd’s unit, Yinson Production has finalised a limited recourse term loan facility, securing up to US$1.3bil.
Corporate News
South Korean developer Taeyoung gets creditor support
Distressed South Korean builder Taeyoung Engineering & Construction Co won support from creditors to begin restructuring its debt, after it…
Pandora raises full-year forecast on strong U.S. sales
COPENHAGEN: Pandora, the world's largest jewellery maker, raised its full-year guidance on Thursday after sales and profit for its first…
Versa introduces enticing rewards for users
Versa, a homegrown digital wealth management app, hopes to help Malaysians build financial resilience by adding more value to users’…
Shell beats expectations with $7.7 bln first-quarter profit
LONDON: Shell on Thursday reported first-quarter adjusted earnings of $7.7 billion, sharply beating expectations, on the back of strong oil…
Canadian bank takes US$450mil hit in money-laundering probe
Toronto-Dominion Bank has taken an initial provision of US$450mil in connection with US investigations into its anti-money laundering practices, and…
Westports’ 1Q net profit rises to RM204.51mil
KUALA LUMPUR: Westports Holdings Bhd is cautiously forecasting a low single-digit growth rate for the current financial year.
Super Micro turnover fails to excite
Super Micro Computer Inc has reported quarterly sales that tripled from the same period last year but fell slightly short…
Microsoft to invest US$2.2bil in cloud and AI services in Malaysia
KUALA LUMPUR: Microsoft will invest $2.2 billion over the next four years in Malaysia to support the country's digital transformation,…