News List

Serba Dinamik to undertake private placement

KUALA LUMPUR, April 23 -- Serba Dinamik Holdings Bhd has proposed for a private placement of its shares to raise up to RM580.09 million for its working capital and to reduce part of its existing loans.


Impact of low oil prices within deficit forecast - Tengku Zafrul

KUALA LUMPUR, April 21 -- The Finance Ministry has already factored in the impact of lower oil prices into its budget deficit forecast of more than four per cent of the country's gross domestic product (GDP) this year.
 


Serba Dinamik optimistic on projections despite COVID-19

KUALA LUMPUR, April 21-- Amidst global uncertainty due to the COVID-19 pandemic that had led to lockdowns and controlled movements worldwide, Serba Dinamik Holdings Bhd is optimistic on its projections, particularly its RM7.71 billion project in Abu Dhabi.


Oil market recovery depends on how long COVID-19 measures are in place - Energy economist

By Siti Radziah Hamzah

KUALA LUMPUR, April 21 -- The worst may not be over for the oil market as West Texas Intermediate (WTI) ended its May contract trading about US$30 below zero on Monday, the first time oil prices have ever turned negative.


US oil price turns negative for first time in history

NEW YORK, April 21 -- US oil prices crashed to the negative territory for the first time in history on Monday, fueled by pandemic-related demand shock and oversupply fears, reported Xinhua news agency.


RAM Ratings revises headline inflation projection to 0.0 pct in 2020

KUALA LUMPUR, April 20  -- RAM Ratings has revised its headline inflation projection for 2020, to 0.0 per cent from 0.7 per cent, mainly due to weak global oil prices, generous discounts for household electricity bills and subdued demand. 


Oil prices to remain depressed on COVID-19, stay below US$40 a barrel

By Mohd Iswandi Kasan Anuar

KUALA LUMPUR, April 19 -- Market participants are doubtful that a historic one-year oil production cut pledged by major producers recently would solve the oversupply problem.


T'ganu hopes reduction in petroleum cash payments will be reconsidered

KUALA TERENGGANU, April 17  -- The Terengganu government is hoping that the 25 per cent reduction in the petroleum cash payments as settlements for its debts to the federal government will be reconsidered.


Malaysia's capital market expected to remain resilient and orderly

KUALA LUMPUR, April 16  -- The domestic capital market is expected to remain resilient and orderly, underpinned by Malaysia’s strong macroeconomic fundamentals, ample domestic liquidity, and supportive capital market infrastructure.


Serba Dinamik bags RM7.71 bln construction job in Abu Dhabi

KUALA LUMPUR, April 15 -- Serba Dinamik International Ltd (SDIL), a wholly-owned unit of Serba Dinamik Holdings Bhd, has bagged a RM7.71 billion construction contract in Abu Dhabi.




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