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Barakah Offshore rises in early trading

KUALA LUMPUR, June 16 -- Barakah Offshore Petroleum Bhd surged in early trade today as the oil and gas outfit swung to a net profit for the third quarter ended March 31, 2020 (3Q20).

Petronas sells Teluk Ramunia yard to Serba Dinamik for RM320 mln

KUALA LUMPUR, June 12 -- Serba Dinamik Holdings Bhd has purchased Petroliam Nasional Bhd’s (Petronas) fabrication yard in Teluk Ramunia, Johor, for RM320 million.

RM35 bln PENJANA Plan meets expectations - SERC

By Mohd Iswandi Kasan Anuar

KUALA LUMPUR, June 10  -- The RM35 billion National Economic Recovery Plan (Penjana) announced by the government last week broadly meets expectations, says independent and non-profit think tank Socio-Economic Research Centre (SERC).

Thai plastics distributor hopes PENJANA will spur new car sales

By Linda Khoo Hui Li

BANGKOK, June 10 -- A distributor of engineering and commodity grade plastics in Thailand, Polymer Solutions Co Ltd (Polymer Solutions), has welcomed the much-needed automotive sector confidence boost under the National Economic Recovery Plan (PENJANA).

Shahril Shamsuddin reappointed as MIMOS Chairman

KUALA LUMPUR, June 9  -- National applied research and development (R&D) centre, MIMOS Bhd, an agency under the purview of the Ministry of Science, Technology and Innovation (MOSTI), has reappointed Tan Sri Shahril Shamsuddin as its chairman for the second time in twelve years effective May 18.

PENJANA reignites growth of trade, industrial, manufacturing sectors -- Ban Hong

MELAKA, June 7 -- The National Economic Recovery Plan (PENJANA) is a sustainable economic stimulus package aimed at reigniting the growth of the country's trade, industrial and manufacturing sectors that have been battered by COVID-19.

PENJANA's tax exemption augurs well for palm oil industry

By Nurul Hanis Izmir

KUALA LUMPUR, June 7 -- COVID-19 hit oil palm smallholders and companies can heave a sigh of relief overt a tax exemption provided under the National Economic Recovery Plan (PENJANA) that was aimed at managing the country’s stock level and stabilise the crude palm oil (CPO) price.

Wan Zulkiflee’s experience stands him in good stead in steering MAB

KUALA LUMPUR, June 7 -- Tan Sri Wan Zulkiflee Wan Ariffin’s crisis management experience in the oil and gas industry will stand him in good stead in mending the ailing Malaysia Airlines Bhd (MAB).

New Petronas president Tengku Taufik holds wide experience in oil and gas sector

By Siti Radziah Hamzah

KUALA LUMPUR, June 6 -- Tengku Muhammad Taufik Tengku Aziz, currently Petroliam Nasional Bhd's (Petronas) group chief financial officer, will take over the helm of the national oil firm from Tan Sri Wan Zulkiflee Wan Ariffin beginning July 1. 

Sapura Energy secures contracts worth RM766 mln

KUALA LUMPUR, June 3 -- Oil and gas solutions provider Sapura Energy Bhd, through its engineering and construction subsidiaries, has been awarded five contracts from around the Southeast Asian region with a combined value of RM766 million.