20 May 2019, Monday | 08:12pm

Corporate News

Petronas ventures into renewable energy

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.

Moody’s affirms Petronas A1 ratings with stable outlook

Moody’s Investors Service has affirmed the A1 domestic issuer and foreign currency senior unsecured ratings of Petronas.

Malaysia is the biggest gainer of fund inflow in the region

“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.

Twitter considering 10,000-character limit for tweets

Twitter Inc is building a new feature that will allow users to post tweets as long as 10,000 characters

November CPI up on higher tobacco prices

PETALING JAYA: Inflation as measured by the consumer price index (CPI) rose 2.6% in November, compared with the same month a year ago largely due to a 20.7% jump in prices of alcoholic bever

Top Glove net profit soars

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"

 

Berjaya Food profit falls to RM6.2mil

BFood is developing and operating the Starbucks Coffee chain in Malaysia and Brunei. Above is an EPA file photo showing a Starbucks sign in New York.

 

Malaysia to gain US$200bil by joining TPPA

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.

DRB-Hicom to take over 23-year Angkasapuri facilities concession

The company which DRB-Hicom is buying into will undertake the planning, financing, construction, installation, and completion of new facilities and infrastructures on Angkasapuri's premises.