<div class=newsTextDataWrapInner>KUALA LUMPUR (Dec 7): A consortium led by oil and gas services provider Muhibbah Engineering (M) Bhd has secured a RM322 million contract from Petronas Carigali Sdn Bhd, the exploration arm of Petroliam Nasional Bhd (Petronas), in relation to the latter’s Gansar project located 190km from Terengganu’s shores. 
 
In a bourse filing, Muhibbah said the job involves the provision of engineering, procurement, construction, commissioning and installation — also known as EPCC+I — of a light weight structure for Duyong brownfield modification and host tie-in. 
 
The 22-month contract is expected to positively contribute to its earnings and net assets for the current and future financial years, said Muhibbah. 
 
Muhibbah’s share price slipped 2.5 sen or 5.21% to close at 46 sen on Wednesday (Dec 7), giving the group a market capitalisation of RM327.32 million.</div>
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KUALA LUMPUR (Dec 7): A consortium led by oil and gas services provider Muhibbah Engineering (M) Bhd has secured a RM322 million contract from Petronas Carigali Sdn Bhd, the exploration arm of Petroliam Nasional Bhd (Petronas), in relation to the latter’s Gansar project located 190km from Terengganu’s shores.

Muhibbah-led consortium secures RM322 mil EPCC+I job from Petronas Carigali

The government still bears around RM7 billion in subsidies related to diesel in Peninsular Malaysia, said Prime Minister Datuk Seri Anwar Ibrahim.

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Regional finance hubs Hong Kong and Singapore have topped a new global list of the world’s most expensive cities for expatriates, keeping Swiss destinations from the top spots for the second year in a row.

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Britain’s wealthy homeowners are holding off on listing property for sale, after UK Prime Minister Rishi Sunak’s surprise move to call a general election made them hesitant about big decisions.

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Plans for what may be one of India’s largest-ever initial public offerings (IPOs) boosted shares in Hyundai Motor Co, putting them on course for a record high.

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China’s central bank left a key interest rate steady for the 10th straight month, displaying caution on monetary easing given abundant liquidity and pressure to prevent the yuan from weakening further.

China leaves key rate unchanged on currency pressure, liquidity

China’s industrial expansion slowed in May and retail spending beat forecasts, a sign that deep imbalances in the economic recovery may be easing at least a little.

Industrial production rose 5.6% in May from a year ago, the National Bureau of Statistics (NBS) said on Monday. That compares with April’s increase of 6.7%, and a median forecast of 6.2% in a Bloomberg survey. Retail sales accelerated, climbing 3.7% compared to a forecast of 3%.

China's factory output cools, retail spending beats forecasts

The government has decided to reduce the retail prices of Grade A, B, and C eggs by three sen each across the country, in line with efforts to pass on the savings from targeted subsidies to the people.

PM announces three sen reduction in Grade A, B and C egg prices

The German business chamber said the European Union (EU) should invest to become more competitive instead of hiking tariffs on China-made electric vehicles (EVs), adding to Berlin’s efforts to avert or soften the trade curbs.

German chamber in China says tariffs won’t protect European automakers

Japan has been one of the fastest countries to embrace the use of new artificial intelligence (AI) tools, and has the potential to accelerate its economy and tech sector by going further, according to Microsoft Japan president Miki Tsusaka.

Microsoft’s Japan chief sees country accelerating use of AI

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The government has decided to reduce the retail prices of Grade A, B, and C eggs by three&nbsp;sen each across the country, in line with efforts to pass on the savings from targeted subsidies to the people.

Melaka Friendship Tourism Ambassador 2024&nbsp;Fan Bingbing&nbsp;described the role as a heavy responsibility to bear and also a&nbsp;stroke of luck.

Fan stated that Melaka is a unique tourist destination, unlike most famous tourist spots.

Melaka tourism ambassador role a heavy responsibility and stroke of luck, says Fan Bingbing

Asian share&nbsp;markets&nbsp;were mostly softer on Monday, ahead of a slew of Chinese economic news, while&nbsp;political uncertainty&nbsp;in Europe soured risk appetites, and kept the euro on the defensive.

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More companies from China have expressed their intention to learn about the halal industry in Malaysia, said One Belt One Road Chamber of Commerce president Datuk Seri Tan Thian Lai.

Chinese companies eyeing to learn about Malaysia's halal industry, Bernama told

The German business chamber said the European Union (EU) should invest to become more competitive instead of hiking tariffs on China-made electric vehicles (EVs), adding to Berlin’s efforts to avert or soften the trade curbs.&nbsp;

China’s central bank left a key interest rate steady for the 10th straight month, displaying caution on monetary easing given abundant liquidity and pressure to prevent the yuan from weakening further.&nbsp;

Bill Gates said he is prepared to plough billions of dollars into a next-generation nuclear power plant project in Wyoming to meet growing US electricity needs.

Bill Gates says he’s ready to put billions into nuclear power

Japan has been one of the fastest countries to embrace the use of new artificial intelligence (AI) tools, and has the potential to accelerate its economy and tech sector by going further, according to Microsoft Japan president Miki Tsusaka.

Britain’s wealthy homeowners are holding off on listing property for sale, after UK Prime Minister Rishi Sunak’s surprise move to call a general election made them hesitant about big decisions.

China’s industrial expansion slowed in May and retail spending beat forecasts, a sign that deep imbalances in the economic recovery may be easing at least a little.

Industrial production rose 5.6% in May from a year ago, the National Bureau of Statistics (NBS) said on Monday. That compares with April’s increase of 6.7%, and a median forecast of 6.2% in a Bloomberg survey. Retail sales accelerated, climbing 3.7% compared to a forecast of 3%.

The government still bears around RM7 billion in subsidies related to diesel in Peninsular Malaysia, said Prime Minister Datuk Seri Anwar Ibrahim.

Regional finance hubs Hong Kong and Singapore have topped a new&nbsp;global list of the world’s most expensive cities for expatriates, keeping&nbsp;Swiss destinations&nbsp;from the top spots for the second year in a row.

Plans for what may be one of India’s largest-ever initial public offerings (IPOs) boosted shares in Hyundai Motor Co, putting them on course for a record high.

Globally, the imperative of sustainability is shaping industries, and corporations are under mounting pressure to align their practices with environmental, social and governance (ESG) principles.

TOYOTA’S MULTIPLE ROADS TO A GREEN AUTOMOTIVE ECONOMY

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