<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 7): Petroliam Nasional Bhd (Petronas) said today its subsidiary Petronas Carigali Sdn Bhd (PCSB) has taken over the operatorship of the E11 gas hub, located 130km offshore Bintulu, Sarawak from Sarawak Shell Bhd (SSB), which had operated the hub for the past 38 years.</p></div>

<div class=newsTextDataWrapInner><p>In a statement today, Petronas said the E11 gas hub has been producing gas since 1982 under the MLNG production sharing contract.</p></div>

<div class=newsTextDataWrapInner><p>"Today marks a significant milestone for PCSB as the operator of the E11 hub which is pivotal in ensuring reliable, stable and cleaner energy supply to the market, while continuing to develop Sarawak as a regional gas hub," Petronas vice president of Malaysia assets Bacho Pilong said in the statement.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>He said SSB and Petronas had implemented all the necessary activities since July 2019 to ensure a smooth handover of the E11 gas hub.</p></div>


Petroliam Nasional Bhd said today its subsidiary Petronas Carigali Sdn Bhd has taken over the operatorship of the E11 gas hub, located 130km offshore Bintulu, Sarawak from Sarawak Shell Bhd, which had operated the hub for the past 38 years.

Petronas takes over Sarawak offshore gas hub from Shell

ASX Ltd said it’s unable to resolve issues related to the settlement process after investigation into the problem that caused a delay for some customers on Friday afternoon.

Australia Exchange says unable to resolve settlement issue

Shares of Japan's Kadokawa fell by their daily limit on Friday after the media powerhouse behind the Elden Ring game announced a capital tie-up with Sony Group instead of a widely anticipated acquisition.

Kadokawa shares sink as Sony settles for buying stake, not whole firm

China’s aggressive drive to replace brand-name foreign drugs with dirt-cheap homegrown generics has already taken a toll on global pharmaceutical companies’ local business. Now they’re almost nowhere to be found on the latest list of companies winning contracts to sell commonly used drugs to Chinese hospitals.

Chinese aspirin costing under a cent shuts out foreign firms

President-elect Donald Trump has threatened the European Union with tariffs if its member countries don’t buy more American oil and gas.

Trump threatens tariffs if EU doesn’t buy more US oil and gas

KUALA LUMPUR (Dec 17): Taylor’s College has achieved the highest level of recognition from the Association of Chartered Certified Accountants (ACCA) Global, as it was awarded the prestigious ACCA Platinum Approved Learning Partner status recently, which further solidifies its reputation as a trusted institution for world-class accounting education.

Taylor’s College attains ACCA's highest recognition — the Platinum Approved Learning Partner status

KUALA LUMPUR (Dec 20): Hong Leong Investment Bank (HLIB) has concluded that the RM11 per share takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT) from the consortium led by Khazanah Nasional Bhd and the Employees Provident Fund (EPF) is not fair.

MAHB takeover: Adviser recommends acceptance but independent directors disagree

Malaysia has agreed in principle to resume the search for the wreckage of missing Malaysia Airlines Flight MH370, its transport minister said on Friday, more than 10 years after it disappeared in one of the world's greatest aviation mysteries.

Malaysia says it will resume search for wreckage of missing Flight MH370

Petaling Jaya, 25 November 2024 - As the year ends, tax-paying Malaysians are rushing to maximize tax reliefs through popular deductions in education, healthcare, and lifestyle incentives.

KJ: Malaysian Millennials and Gen Zs need to start saving for retirement now

Malaysia's international reserves dipped to US$118.1 billion as at Dec 13 this year, from US$118.3 billion two weeks earlier on Nov 29.

BNM's international reserves eases to US$118.1b as at Dec 13

SEOUL (Dec 20): South Korea's financial authorities said on Friday that they would loosen foreign exchange regulations and allow more corporate borrowings abroad, in a bid to defend the won that is trading at a 15-year low with improved liquidity.

South Korea to allow more company borrowings overseas to boost FX liquidity

<p>KUALA LUMPUR (Dec 20): Hong Leong Investment Bank (HLIB) has concluded that the RM11 per share takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT) from the consortium led by Khazanah Nasional Bhd and the Employees Provident Fund (EPF) is not fair.</p>


<p>Shares of YTL Corporation Bhd (KL:YTL) and its associate YTL Power International Bhd (KL:YTLPOWR) resumed their rallies to climb to multi-month highs after the Malaysian Anti-Corruption Commission (MACC) cleared YTL Power's subsidiary of any wrongdoing in the 1BestariNet project investigations.</p>


YTL Power, YTL Corp continue to climb after MACC clearance

<p>Southeast Asia is fast emerging as an investment hot spot for AI leaders like Nvidia Corp and Microsoft Corp, which are plowing money into cloud services and data centres. But the region’s own young tech companies are failing to capitalise on the boom.</p>


Southeast Asia has US$60b AI boom, but its own startups are missing out

<p>KUALA LUMPUR (Dec 20): Malaysia’s inflation rate dipped to 1.8% in November this year, compared to 1.9% in October, marking the first decline since August 2021, according to the Department of Statistics Malaysia (DOSM) on Friday.&nbsp;</p>


Inflation eases to 1.8% in November from 1.9% in October, driven by lower tech and clothing costs

<p>KUALA LUMPUR (Dec 20): Top Glove Corp Bhd (KL:TOPGLOV) returned to black with a net profit of RM5.47 million for its first quarter ended Nov 30, 2024 (1QFY2025), from a net loss of RM57.71 million in the corresponding quarter a year ago, thanks to higher sales volumes and increased foreign exchange gains.</p>


Top Glove returns to profitability in 1Q on stronger sales

<p>(Dec&nbsp;20):&nbsp;A federal judge confirmed an 18-year prison sentence for Archegos Capital Management founder Bill Hwang, rejecting arguments that he should be allowed to spend a third of that time in the comfort of his own home.</p>


Bill Hwang’s bid to reduce 18-year prison term is rejected

<p>KUALA LUMPUR (Dec 20): Analysts cut Aeon Credit Service (M) Bhd’s (KL:AEONCR) earnings projections due to elevated credit costs.</p>


Analysts cut Aeon Credit’s earnings, TPs, on higher credit costs

<p>DELAWARE/SAN FRANCISCO (Dec 19): A licence dispute between Arm Holdings and Qualcomm went before a jury on Thursday, after attorneys from both sides completed closing arguments.</p>


Jury deliberates in Arm, Qualcomm trial after closing arguments wrap

<p>KUALA LUMPUR (Dec 20): Crude palm oil (CPO) prices are expected to climb to a higher average of RM4,600 per tonne in 2025, from the projected average of RM4,200 per tonne this year, due to supply-side challenges, including weather disruptions and slow replanting progress.</p>


Palm oil prices set to rise further in 2025 amid supply concerns, says MARC Ratings

<p>(Dec&nbsp;20):&nbsp;US stocks ended a choppy session with modest losses, struggling to rebound from the selloff they suffered after the US Federal Reserve dialed back rate-cut expectations for next year.&nbsp;</p>


Stocks fail to recover from Fed-fuelled selloff

<p>Singapore-based V Medical Aesthetics Group is exploring an initial public offering in Malaysia that could value the company at as much as RM6 billion, according to people with knowledge of the matter.</p>


Singapore’s V Medical Aesthetics is said to mull IPO in Malaysia — Bloomberg

<p>(Dec 20):&nbsp;Asian stocks traded in a tight range early Friday, after the US Federal Reserve’s hawkish pivot continued to weigh on US equities and bonds but lifted the dollar.</p>


Asian stocks fluctuate after downbeat US session

<p>KUALA LUMPUR (Dec 20): Mechanical and electrical (M&amp;E) engineering services provider CBH Engineering Holding Bhd (KL:CBH) has begun taking orders from its investors for its initial public offering (IPO) on Friday, to raise up to RM83.44 million on the ACE Market.</p>


ACE-bound CBH Engineering starts taking orders for RM83m IPO

<p>theedgemalaysia.com highlighted one stock with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Friday.</p>


Stocks with momentum on Dec 20, 2024: YTL Power, Ranhill and Bertam Alliance

<p>Tencent Holdings Ltd and stocks linked to the company rallied on Friday, fuelled by investor enthusiasm over a new gifting function on its popular WeChat platform.</p>


Tencent, related stocks jump as WeChat gifting tool fuels rally

<p>(Dec&nbsp;20):&nbsp;A look at the day ahead in Asian markets.</p>


Seeking respite from Fed; PBOC set to hold the line

<p>Kedah-based Imperio Group has signed an agreement with Accor Group to open an ibis Styles hotel at its upcoming The Tenz integrated development in Alor Setar, Kedah. The hotel will be the first international hotel in the city.</p>


Imperio Group partners Accor Group to open first international hotel in Alor Setar

<p>KUALA TERENGGANU (Dec 20): A plantation manager lost RM205,983&nbsp;after falling victim to a non-existent investment scheme.</p>


Plantation manager loses over RM200,000 to investment scam

<p>China’s short-term bond yields slumped further to reach the psychological milestone of 1% for the first time since the global financial crisis, as traders ramped up bets on monetary easing.</p>


China one-year yield sinks to 1% for first time since 2009

<p>BlackRock Inc said it’s writing down the value of one of its flagship renewable funds after two key investments for the vehicle collapsed, and it’s enlisting executives from its recently acquired Global Infrastructure Partners business to help turn around performance.</p>
