<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 1): Perisai Petroleum Teknologi Bhd announced that it has obtained the agreement of PPL Shipyard Pte Ltd to defer the delivery of two jack-up rigs, Perisai Pacific 102 and Perisai Pacific 103.</p></div>

<div class=newsTextDataWrapInner><p>The company said PPL had agreed to extend the delivery date for both rigs to Aug 31, 2017, in view of the slump in the upstream oil and gas sector.</p></div>

<div class=newsTextDataWrapInner><p>"Seeing that the offshore drilling is currently facing soft market conditions globally, the directors of Perisai are of the opinion that the further deferment is in the best interest of the company," said Perisai in a bourse filing.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It said the parties have also agreed to seek and evaluate any options that may arise during the deferment period.</p></div>

<div class=newsTextDataWrapInner><p>To recap, Perisai was awarded the contract for the construction of Perisai Pacific 102 in February 2013 for US$210 million, to be delivered in the second quarter of 2015, before being deferred to March 31, 2016, and later to Oct 31, 2016.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, the contract for Perisai Pacific 103 was awarded in December 2013 and was supposed to be delivered by July 30, 2016, before it was revised to Oct 31, 2016.</p></div>

<div class=newsTextDataWrapInner><p>Perisai closed unchanged at 5 sen, giving it a market capitalisation of RM63.02 million.</p></div>

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KUALA LUMPUR (June 1): Perisai Petroleum Teknologi Bhd announced that it has obtained the agreement of PPL Shipyard Pte Ltd to defer the delivery of two jack-up rigs, Perisai Pacific 102 and Perisai Pacific 103.

The company said PPL had agreed to extend the delivery date for both rigs t...

Perisai further defers delivery of jack-up rigs

Much has been reported about the Sarawak government’s negotiations via Petroleum Sarawak Bhd (Petros) with Petroliam Nasional Bhd (Petronas) for the Bornean state’s rights to regulate the oil and gas (O&G) developments within its boundaries. Next door, however, information on Sabah’s progress has seemed scant by comparison, given that both states are on a similar quest.

Sabah’s O&G aspirations quietly brewing

Bank of Japan (BOJ) Governor Kazuo Ueda said the timing of the next interest rate hike was "approaching" as the economy was moving in line with the central bank's forecasts, the Nikkei newspaper reported, leaving open the chance of a December rate increase.

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US trade officials announced on Friday a new round of tariffs on solar panel imports from four Southeast Asian nations after American manufacturers complained that companies there are flooding the market with unfairly cheap goods.

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Global stock markets rallied on Friday, with Wall Street crowning November with its biggest monthly gain in a year on post-election growth hopes, while the dollar eased amid prospects for firmer rates in Japan and easing in Europe.

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Oil prices edged lower on Friday and posted a weekly decline of more than 3%, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as Opec+ is expected to extend output cuts.

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The S&P 500 and Dow Jones Industrial Average notched record closing highs in a shortened Black Friday session, lifted by technology stocks such as Nvidia, while retail was in focus as the holiday shopping season kicked off.

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The number of flood victims in eight affected states has continued to rise, while the situation in Perak remained unchanged. As of 8 pm Friday, the total number of evacuees taking shelter in temporary relief centres (PPS) stood at 106,505.

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An investment vehicle linked to Berjaya Group’s Tan Sri Vincent Tan Chee Yioun has emerged as a substantial shareholder in Berjaya Food Bhd (KL:BJFOOD) with a 8.09% stake.

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KUALA LUMPUR (Nov 29):  Here is a brief recap of some corporate announcements that made news on Friday.

Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest bank by assets, posted a 12% increase in net profit to RM1.91 billion for the third quarter ended Sept 30, ...

Public Bank, RHB Bank, Padini, QL Resources, LBS Bina, IGB, AAX, Panasonic, Velesto Energy, Sapura Energy, Phamarniaga and Hextar Industries

The finance chief of India's Adani Group on Friday rejected US allegations that executives, including Chairman Gautam Adani, were part of a US$265 million (RM1.2 billion) bribery scheme, while the Indian government said it has not received any US request on the case.

Adani Group CFO rejects bribery allegations, India says no US request yet on case

<p>KUALA LUMPUR (Nov 29): &nbsp;Here is a brief recap of some corporate announcements that made news on Friday.</p>

<p><strong>Public Bank Bhd </strong>(KL:PBBANK), Malaysia’s third-largest bank by assets, posted a 12% increase in net profit to RM1.91 billion for the third quarter ended Sept 30, ...

<p>An investment vehicle linked to Berjaya Group’s Tan Sri Vincent Tan Chee Yioun has emerged as a substantial shareholder in Berjaya Food Bhd (KL:BJFOOD) with a 8.09% stake.</p>


<p>Syarikat Air Darul Aman Sdn Bhd (SADA) has temporarily ceased operations at seven of its water treatment plants (WTPs) after the water levels at their intake points reached a critical stage.</p>


Seven water treatment plants in Kedah forced to cease operations

<p>EG Industries Bhd (KL:EG) on Friday posted an over threefold jump in its July-September quarter net profit from the same period a year ago, driven by higher sales and better margins — particularly from 5G wireless access and photonic-related products.</p>


EG Industries upbeat on prospects as it kicks off FY2025 with record profit 

<p>European and American carmakers are set to lose up to 17% of their combined annual core profits if the US imposes import tariffs on Europe, Mexico and Canada, S&amp;P Global said in a report on Friday, warning of potential credit downgrades.</p>


Trump's tariffs could cost carmakers up to 17% of combined core profits, S&P says

<p>Sarawak needs a high-quality workforce to support its mission to become Malaysia’s hub for the aerospace industry.</p>


Abang Jo: Sarawak needs quality workforce to support aerospace industry

<p>The S&amp;P 500 and Dow Jones Industrial Average notched record closing highs in a shortened Black Friday session, lifted by technology stocks such as Nvidia, while retail was in focus as the holiday shopping season kicked off.</p>


<p>Quality Care India Ltd, the Indian hospital chain backed by Blackstone Inc, agreed to combine with Aster DM Healthcare Ltd in an all-stock deal that will create one of India’s largest hospital chains.</p>


Blackstone deepens India push with US$5 bil hospital deal

<p>The Canadian economy eked out a small gain last month after a weaker-than-forecast third quarter (3Q), keeping the Bank of Canada on track to keep cutting rates.</p>

<p>Preliminary data suggest gross domestic product (GDP) rose 0.1% in October, Statistics Canada said on Friday.</p>


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<p>Much has been reported about the Sarawak government’s negotiations via Petroleum Sarawak Bhd (Petros) with Petroliam Nasional Bhd (Petronas) for the Bornean state’s rights to regulate the oil and gas (O&amp;G) developments within its boundaries. Next door, however, information on Sabah’s progress has seemed scant by comparison, given that both states are on a similar quest.</p>


<p>Bank of Japan (BOJ) Governor Kazuo Ueda said the timing of the next interest rate hike was "approaching" as the economy was moving in line with the central bank's forecasts, the <em>Nikkei </em>newspaper reported, leaving open the chance of a December rate increase.</p>
