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Global energy investment expected to fall by record 20 percent in 2020 due to COVID-19 – IEA

MOSCOW, May 27  -- The world’s investment in the energy sector is projected to plummet by a record-high 20 percent year-on-year in 2020 as a consequence of the energy crisis and the COVID-19 pandemic outbreak, Sputnik news agency quoted the International Energy Agency (IEA) as saying on Wednesday.

Malaysian economy to face sharp slowdown as LI records largest drop in March - DOSM

KUALA LUMPUR, May 22 -- The Leading Indicator (LI) for March 2020 recorded its largest monthly drop since November 1991, following the imposition of a two-week Movement Control Order (MCO) beginning on March 18 to curb the spread of COVID-19. 

Fusionex rolls out data-driven digital platform for leading oil and gas giant

KUALA LUMPUR, May 19 -- Fusionex has secured a contract with one of the region’s largest oil and gas companies to implement a data-driven digital platform to enhance customer experience.

FGV Holdings to boost returns from renewable energy

KUALA LUMPUR, May 18 -- FGV Holdings Bhd plans to boost returns from its renewable energy (RE) projects as part of its recovery strategy from the COVID-19 pandemic.

Serba Dinamik targets 10-15 pct growth in 2020

KUALA LUMPUR, May 14  -- Global integrated engineering solutions provider Serba Dinamik Holdings Bhd is targeting to grow 10-15 per cent in 2020 for both the top and bottom lines compared with previous years growth of 15-20 per cent. 

Serba Dinamik thanks frontliners with Ramadan food packs, blue-lit building

KUALA LUMPUR, May 13 -- Serba Dinamik Holdings Bhd has donated RM500,000 worth of Ramadan food packs to frontliners in Shah Alam in appreciation of their effort to break the chain of COVID-19 infections.

Petronas, other Asian NOCs' ratings well-positioned to withstand oil turmoil - Moody's

KUALA LUMPUR, May 7 -- The ratings of Asian national oil companies (NOCs), including Petronas, are well-positioned to withstand the drastically lower oil prices, underpinned by robust sovereign support, says an international credit rating firm.

Reopening of economic sectors will have positive impact on country's economy - MITI

KUALA LUMPUR, May 2 -- The International Trade and Industry Ministry (MITI) has welcomed Prime Minister Tan Sri Muhyiddin Yassin’s announcement to allow almost all economic sectors to resume operations starting Monday.

Partial reopening of economy is not done in haste - Tengku Zafrul

KUALA LUMPUR, May 2 -- The government’s move to allow partial resumption of economic activities during the fourth phase of the Movement Control Order (MCO) is not done in haste, as it has made the necessary study and complies with conditions set by the World Heath Organisation (WHO).

Agrobank: No additional profit charges during automatic moratorium period

KUALA LUMPUR, May 2 -- Agrobank announced today that it will not impose any additional profit charges on financing for all eligible individual and small- and medium-sized enterprise (SME) customers during the six-month automatic moratorium period.

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