<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 9): Oil and gas contractor Uzma Bhd’s wholly-owned unit Uzma Engineering Sdn Bhd has secured an RM29 million work order from Petronas Carigali Sdn Bhd for the provision of a risk transfer incentive contract (RTIC) for idle well reactivations and production enhancement services.</p></div>

<div class=newsTextDataWrapInner><p>The three-year contract took effect on July 13 and will end on July 14, 2024, Uzma said in a bourse filing today.</p></div>

<div class=newsTextDataWrapInner><p>“The incentive period is for two years, commencing after the well intervention is completed and the well starts production.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The scope of work comprises the well intervention services required for offshore idle well reactivation activities at Sabah waters, which include coiled tubing, pumping, desander, and well testing equipment and services,” it said.</p></div>

<div class=newsTextDataWrapInner><p>It added that the contract is expected to contribute positively towards its earnings and net assets per share for the financial year ending June 30, 2022&nbsp;and onwards, until the expiry of the contract.</p></div>

<div class=newsTextDataWrapInner><p>Uzma shares climbed 1.5 sen or 2.7% to close at 57 sen today, for a market capitalisation of RM180.79 million.</p></div>


KUALA LUMPUR (Aug 9): Oil and gas contractor Uzma Bhd’s wholly-owned unit Uzma Engineering Sdn Bhd has secured an RM29 million work order from Petronas Carigali Sdn Bhd for the provision of a risk transfer incentive contract (RTIC) for idle well reactivations and production enhancement services.

Uzma's unit secures RM29m work order award from Petronas Carigali

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.

Flood evacuees total over 100,000 as Kelantan records highest number of victims

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.

Vincent Tan-linked vehicle emerges as substantial shareholder in Berjaya Food with 8.09% stake

Wall Street's main indexes opened slightly higher in a shortened Black Friday trading session, on track for monthly gains as the holiday shopping season kickoff brought retail stocks into focus.

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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

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

Abang Jo: Sarawak needs quality workforce to support aerospace industry

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.

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

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.

Seven water treatment plants in Kedah forced to cease operations

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.

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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&P Global said in a report on Friday, warning of potential credit downgrades.

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<p>TSMC's founder Morris Chang asked Nvidia's Jensen Huang to consider becoming the chief executive of the Taiwanese chip giant more than a decade ago, but was turned down in just 10 minutes, Chang says in a new volume of autobiography.</p>


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<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>Velesto Energy Bhd's (KL:VELESTO) shares fell to their lowest in close to two years on Friday, despite reporting a more than 30-fold jump in its third quarter (3Q) net profit, as it flagged a challenging outlook amid slower demand after announcing that a client had suspended the contract of its Naga 8 jack-up rig.</p>


Velesto's share price skids despite 3Q profit jump as it flags slowing demand for jack-up rigs

<p>IGB Bhd (KL:IGBB) has declared a dividend payout of 12 sen per share for FY2024 — comprising an interim dividend of seven sen and a special dividend of five sen — as its latest third quarter net profit jumped 27% from the corresponding quarter last year, driven by higher contributions from its retail, commercial and hotel segments.</p>


IGB pays 12 sen dividend for FY2024, including a five-sen special, as 3Q profit jumps 27%

<p>Muar Member of Parliament&nbsp;Syed Saddiq Syed Abdul Rahman said on Friday that he will immediately file an appeal against the conviction and sentence handed down to him by the High Court&nbsp;in his criminal breach of trust (CBT) and money-laundering case, after finally receiving the full written judgement.</p>


Syed Saddiq to immediately file graft appeal after finally receiving written judgement

<p>Lotte Chemical Titan Holding Bhd (KL:LCTITAN) has appointed a new president and chief executive officer as part of changes in board representatives of its South Korean parent company.</p>


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<p>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.</p>


<p>Bursa Malaysia has approved Practice Note 17 (PN17) company Pharmaniaga Bhd’s (KL:PHARMA) regularisation plan, which was revised to adjust its capital reduction and exclude warrants from its rights issue, exactly a year after the initial iteration was announced.</p>


A year on, Pharmaniaga finally gets Bursa nod on regularisation plan

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<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>Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines Bhd, received its first Airbus 330-900 (A330neo) wide-body aircraft on Friday.</p>

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<p>Padini Holdings Bhd (KL:PADINI) said on Friday that the retail business remains tough&nbsp;amid rising cost of living, after the apparel company reported a sharp drop in profits.</p>


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<p>US trade officials are expected to announce 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.</p>


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<p>South Malaysia Industries Bhd (KL:SMI) announced on Friday that no extraordinary general meeting will be held on Jan 9, 2025, and slammed an advertisement placed in an English daily by the representative of its major shareholder as "misleading the public and shareholders".</p>


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<p>IGB Commercial Real Estate Investment Trust (IGB Commercial REIT) (KL:IGBCR) is buying two office floors in Menara Southpoint of Mid Valley City from its sponsor and parent company, IGB Bhd (KL:IGB), for RM62.4 million cash. IGB holds 53.84% in IGB Commercial REIT.</p>


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<p>Nextgreen Global Bhd (KL:NGGB) saw a more than fourfold increase in its net profit for the third quarter ended Sept 30, 2024 (3QFY2024), driven by strong performance in its manufacturing segment.</p>


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<p>QL Resources Bhd's (KL:QL)&nbsp;net profit rose 4.6% in the second financial quarter from a year earlier,&nbsp;on the back of improved revenue contributions from all its business segments, which helped offset increases in tax expenses and finance costs.</p>


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<p>Kenanga Investment Bank Bhd (KL:KENANGA) posted a 38.1% fall in its third quarter net profit to RM14.61 million, from RM23.61 million a year earlier, as most of its business segments saw a weaker performance. &nbsp;</p>


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<p>A nationwide strike in Italy on Friday disrupted air traffic, public transport, schools and hospitals, in a protest by two of the country's largest unions against Prime Minister Giorgia Meloni's government budget plans.</p>
