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Gamudas cash position set to significantly enhance with tolls disposals

KUALA LUMPUR, Gamuda Bhd’s cash position will be significantly enhanced, providing significant liquidity to its asset profile, upon successful acquisition of its four tolls by Finance Ministry. MIDF Research said it opined the the potential…

Sarawak to host 25th BIMP-EAGA Ministerial Summit

KUCHING, Sarawak will host the 25th Brunei Darussalam-Indonesia-Malaysia-Philippines-East ASEAN Growth Area (BIMP-EAGA) Ministerial Summit here from Nov 20-24. Chief Minister Datuk Patinggi Abang Johari Tun Openg said the opportunity to host the event showed the…

Petronas’ white paper to stimulate action towards achieving Paris Agreement — Tun M

KUALA LUMPUR, Petroliam Nasional Bhd (Petronas) is spearheading an industry-wide study with various agencies to develop an Oil, Gas, Energy and Environment White Paper on Malaysia’s Future Energy Landscape. Prime Minister Tun Dr Mahathir Mohamad…

China seeks amicable resolution to trade war -Llim

KUALA LUMPUR, China says it seeks an amicable resolution with regards to the trade war with the United States, Finance Minister Lim Guan Eng said today. He said Beijing had reassured Malaysia that it did…

Malaysia willing to conclude RCEP without India – PM Mahathir

KUALA LUMPUR, Malaysia is willing to conclude the Regional Comprehensive Economic Partnership (RCEP) without India for the time being. Speaking at the CNBC’s interview with Tanvir Gill today, Prime Minister Tun Dr Mahathir Mohamad said…

Lower crude oil prices a turn-off for investment – Petronas

KUALA LUMPUR, Petroliam Nasional Bhd (Petronas) today said not enough investment was made in oil and gas projects during the times when oil prices were low especially in the projects that required a long gestation…

Moodys ratings not necessarily accurate — PM Mahathir

KUALA LUMPUR, The decision by Moody’s Investors Service to downgrade Petroliam Nasional Bhd’s (Petronas) domestic issuer and foreign currency senior unsecured rating to A2 from A1 is not necessarily accurate, said Prime Minister Tun Dr…