12 August 2020, Wednesday | 08:43pm

Business

Petronas expands upstream portfolio with 50pct equity in Tartaruga Verde, Brazil

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), through subsidiary Petronas Petróleo Brasil Ltda (PPBL), has entered into a sales and purchase agreement with Petróleo Brasileiro SA (Petrobras) for a 50 per cent equity in the Tartaruga Verde field (BM-C-36 Concession) and its facilities.

Amazon delivers record profits on gains in cloud, advertising

SAN FRANCISCO: Amazon on Thursday delivered record profits for the first quarter, fueled by gains in cloud computing and new business segments for the US technology colossus.

AEON Credit net profit increases to RM354.62 million in FY19

KUALA LUMPUR, April 25 (Bernama) -- AEON Credit Service (M) Bhd’s net profit for the financial year ended Feb 28, 2019 (FY19) increased to RM354.62 million from RM300.06 million recorded in the previous financial year.

Caring Pharmacy posts higher Q3 earnings

PETALING JAYA: Caring Pharmacy Group Bhd recorded a net profit of RM5.67 million for its third quarter (Q3) ended Feb 28, 2019, a 9.9% increase from RM5.16 million registered in the corresponding quarter of the preceding year.

KFC drive-thru outlet to spur Pagoh's economic activities

MUAR, April 25 (Bernama) -- The opening of a KFC drive-thru restaurant in Bandar Universiti Pagoh by 2020 will help spur its economic activities.

Bumi Armada refinances debts, plans for vessels sale

KUALA LUMPUR: Bumi Armada Bhd has refinanced US$660m of its short-term debts to improve its balance sheet and is looking to sell some vessels.

Dr Mahathir visits Huawei's Beijing research centre

BEIJING, April 25 (Bernama) -- Prime Minister Tun Dr Mahathir Mohamad was given a first hand look at Huawei's cutting edge technology when he visited the company's Beijing Research Centre in Zhongguancun Science Park, here.

Facebook beats profit estimates, sets aside US$3 bln for privacy penalty

PALO ALTO: Facebook Inc on Wednesday blew past Wall Street profit estimates in the first quarter and set aside US$3 billion to cover a settlement with US regulators, calming investors who had worried about the outcome of a months-long federal probe.

Boustead optimistic of returning to the black in current financial year

PETALING JAYA: Boustead Holdings Bhd expects to return to profitability in current financial year ending Dec 31 (FY19).

MISC expects to secure more projects this year

KUALA LUMPUR: MISC Bhd expects to secure more projects this year, given the company’s capability to take up to US$2-3 billion (RM8.3-12.4 billon) worth of new jobs, compared to the US$1 billion projects clinched in 2018, said president and CEO Yee Yang Chien.