KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is acquiring 100% interest in Amplus Energy Solutions Pte Ltd, also known as M+, a leading Singapore-based company with a portfolio of distributed, renewable energy assets in Asia.
“On the inflow of funds to South-East Asia, we are the biggest gainers, simply because of our fundamentals and the valuation of the companies in Malaysia seems to be at a good level for them to enter. “They (investors) left and they came back. When the smart money comes back, they find the best fundamentals and the best returns in terms of dividend yields," said chief executive officer Datuk Seri Tajuddin Atan.
Higher earnings: Employees attach latex gloves to an air compressor as other gloves are inflated in the air-leak test room at a Top Glove Corp. factory in Setia Alam. Top Glove, the world’s biggest rubber-glove maker, posted a 164 jump in its net profit for the first quarter ended Nov 30, 2015. – Bloomberg"
A PricewaterhouseCoopers (PwC) study revealed that export-oriented industries, namely, electrical and electronics (E&E), textiles and automotive manufacturers would gain the most. The TPPA presents “net economic benefits to Malaysia,” said PwC in a report released yesterday, but warned that there would be adjustment costs to firms from increased competition and cross-sectoral TPPA obligations.