<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 22): Uzma Bhd has secured two contracts from Sabah Shell Petroleum Company Ltd to supply integrated production and integrity chemical and associated services to the Malikai Stage 1 and Gumusut Kakap projects, worth RM68.10 million.</p></div>

<div class=newsTextDataWrapInner><p>Uzma's subsidiary Malaysian Energy Chemical &amp; Services Sdn Bhd (Mecas) received the letters of award for the three-year contracts, its bourse filing on Wednesday (March 22) showed.</p></div>

<div class=newsTextDataWrapInner><p>This is Uzma’s fourth contact win this year, after it secured a RM30 million contract from Petronas Carigali Sdn Bhd in February to provide electrical submersible pump (ESP) equipment and services for the latter's wells in Malaysia.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Prior to that, it won a contract from Petronas Carigali for the provision of self-cleaning services through tubing perforation. In January, Uzma bagged a contract from Sarawak Shell Bhd worth US$9.3 million (RM40 million), via its 70%-owned unit Mecas, to provide kinetic hydrate inhibitor, corrosion inhibitor and associated services for the Shell Timi field on Jan 25.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Uzma closed 1 sen or 1.67% higher at 61 sen on Wednesday, giving the company a market capitalisation of RM214.74 million.</p></div>


KUALA LUMPUR (March 22): Uzma Bhd has secured two contracts from Sabah Shell Petroleum Company Ltd to supply integrated production and integrity chemical and associated services to the Malikai Stage 1 and Gumusut Kakap projects, worth RM68.10 million.

Uzma's subsidiary Malaysian Energy Chemical & Services Sdn Bhd (Mecas) received the letters of award for the three-year contracts, its bourse filing on Wednesday (March 22) showed.

Uzma clinches RM68 mil worth of contracts from Sabah Shell

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<p>Here is brief recap of some business news and corporate announcements that made headlines on Thursday.</p>


Velesto, MPHB, Kuchai, Sungei Bagan, Lay Hong, Atlan, Techna-X, MyEG, Harrisons, Maybank and Varia 

<p>NH Foods Ltd, a joint venture (JV) partner of egg producer Lay Hong Bhd (KL:LAYHONG), has ceased to be the latter’s substantial shareholder after disposing of 62.32 million shares, or an 8.24% stake.</p>


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<p>MyEG Services Bhd (KL:MYEG) said its blockchain developer, Zetrix, has come out with a digital identification (ID) verification service for Chinese nationals on the ZCert service.</p>


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<p>The Pahang palace on Thursday refuted a post on social media regarding a royal wedding invitation involving the Pahang Crown Prince Tengku Hassanal Ibrahim Alam Shah Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah and a woman as fake and has no connection to the Crown Prince or the palace.</p>


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<p>PKR international bureau chairman Datuk Seri Shamsul Iskandar Md Akin claims that the consensus among parties within Perikatan Nasional (PN) is becoming increasingly fragile.</p>


<p>PayPal Holdings Inc completed its first business payment using its proprietary stablecoin as a way to demonstrate how digital currencies can be used to improve often-clunky commercial transactions.</p>


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<p>In normal circumstances, wars are launched with total stealth to maximise the element of surprise. It is one of the most important dimensions of warfare, whether it is staged by the states or sub-state groups.&nbsp;</p>


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<p>Metals traders arriving in London for LME Week were in for a surprise as they caught up with friends and customers from China.<br />
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For the last couple of years, the biggest consumer and producer has been a buzzkill for metals bulls — but now suddenly Chinese representatives were among the most bullish in any room.</p>


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<p>Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly lower on Thursday, driven by profit-taking following a recent price rally.</p>

<p>Palm oil trader David Ng said that the weakness in the soybean oil market during Asian trading hours also dampened sentiment.</p>


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<p>Alphabet Inc’s Google is beginning a wide rollout of ads that will be displayed within and alongside the AI-generated summaries that appear at the top of some search results — a move meant to show investors that costly artificial intelligence (AI) projects can generate revenue.</p>


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<p>There is a clear commitment from the leadership of Malaysia and Pakistan to resolve any issues that could impede the flourishing trade and commerce between the two countries, said Prime Minister Datuk Seri Anwar Ibrahim.</p>

<p>Speaking at a business dialogue event attended by Pakistani Prime Minister Shehbaz Sharif, Anwar noted that the commitment to enhance trade ties between Kuala Lumpur and Islamabad is currently at the highest level within both governments.</p>


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<p>The number of Americans filing new applications for unemployment benefits rose marginally last week, but Hurricane Helene's rampage in the US Southeast and strikes at Boeing and ports could distort the labor market picture in the near term.</p>


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<p>US service providers expanded in September at the fastest pace since February 2023, driven by a flurry of orders and stronger business activity.</p>

<p>The Institute for Supply Management’s (ISM) index of services advanced 3.4 points to 54.9 last month, the group said on Thursday.</p>


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<p>OpenAI has tapped global banks for a US$4 billion (RM16.67 billion) revolving line of credit on top of its recent US$6.6 billion fundraising, building a massive war chest to stay ahead in the costly race to develop more sophisticated artificial intelligence (AI).</p>
