Higher plant utilisation a boon for PetChem
Hong Leong Investment Bank (HLIB) Research expects PETRONAS Chemicals Group Bhd’s (PetChem) earnings in the fourth quarter of financial year…
Corporate News
UEM Sunrise completesRM500mil Islamic MTN issuances
KUALA LUMPUR: UEM Sunrise Bhd has successfully completed the issuance of RM500 million in nominal value Islamic medium-term notes (IMTN).
Michelin posts record annual profit
Tyre maker Michelin reported record results, citing the delayed positive impact of its 2022 price adjustments, but remained cautious for…
Hershey and Cadbury chocolate makers eye price hikes to cover cocoa crunch
NEW YORK: The makers of Hershey and Cadbury chocolates are planning more price hikes to cover a fresh record-setting surge…
Diamondback sets US$26bil deal for shale oil rival Endeavor Energy
US oil producer Diamondback Energy says it will buy privately held rival Endeavor Energy Partners in US$26bil cash-and-stock deal that…
Dayang’s unit bags contract extension from PETRONAS Carigali
KUALA LUMPUR: Dayang Enterprise Holdings Bhd’s wholly-owned subsidiary, DESB Marine Services Sdn Bhd (DESB Marine) has secured a contract extension…
Heavy equipment sales down on sluggish demand
Industry players reported a 10.8% drop in heavy equipment sales last year, mainly because of lower demand from the mining…
Pansar bags RM130mil contract for Sarawak Infectious Disease Centre
KUALA LUMPUR: Pansar Bhd’s wholly owned subsidiary, Perbena Emas Sdn Bhd has won a construction contract worth RM129.99mil from Borneo…
Cadence sees lower 1Q revenue
Cadence Design Systems forecast a decline in revenue for the first quarter as its hardware sales were up against tough…