<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 1): Oil and gas services firm Bumi Armada Bhd has secured a £50 million (about RM283 million) contract to provide a flare gas recovery system in the UK’s North Sea.</p></div>

<div class=newsTextDataWrapInner><p>Its wholly owned Bumi Armada UK Ltd signed a four-year engineering, procurement, construction, installation, and modification agreement with EnQuest Heather Ltd on Oct 29 for the job. It will provide the system on the Magnum platform, located in blocks 211/12a and 211/7a of the North Sea.</p></div>

<div class=newsTextDataWrapInner><p>“Implementing the flare gas recovery system offers environmental benefits, as well as operational value. The capture and repurposing of flare gas will reduce Magnus platform greenhouse gas emissions, specifically CO2 (carbon dioxide) and methane, which are major contributors to climate change,” Bumi Armada told Bursa Malaysia.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>This aligns with global environmental standards and regulations, helping EnQuest meet its internally and externally committed emissions reduction targets, it added.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Bumi Armada closed unchanged at 50 sen on Friday, giving the group a market capitalisation of RM2.96 billion.</p></div>


KUALA LUMPUR (Nov 1): Oil and gas services firm Bumi Armada Bhd has secured a £50 million (about RM283 million) contract to provide a flare gas recovery system in the UK’s North Sea.

Bumi Armada clinches RM283m flare gas recovery system job in North Sea

Prime Minister Datuk Seri Anwar Ibrahim has instructed Khazanah Nasional Bhd to conduct an internal audit following the RM43.9 million investment loss in FashionValet Sdn Bhd.

Anwar directs Khazanah to audit RM43.9m FashionValet investment loss

The West Coast Expressway (WCE) from Banting, Selangor, to Gelang Patah, Johor, will serve as an alternative route to alleviate the traffic congestion frequently faced by motorists on the North-South Expressway (NSE).

Loke: WCE to ease NSE congestion, boost local economy

Leakages and wastage in government subsidies allocated to the people must be effectively addressed through accurate data and information provided by the Department of Statistics Malaysia (DOSM), said Prime Minister Datuk Seri Anwar Ibrahim.

Accurate data needed to curb leakages in govt subsidies, says Anwar

The Malaysian Anti-Corruption Commission (MACC) has opened an investigation into the investment losses of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) in a local online fashion business.

MACC opens investigation on Khazanah and PNB investment in online fashion business

The auditor general has been empowered to conduct audits on the accounts of 1,856 other companies, including the government-linked companies (GLCs) which came into effect on Friday.

Auditor general empowered to audit account of 1,856 other bodies, GLCs

Prime Minister Datuk Seri Anwar Ibrahim has insisted that he will not block and interfere in the investigation of the National Farmers' Organisation (Nafas) and Khazanah Nasional Bhd by the authorities including the Malaysian Anti-Corruption Commission (MACC).

Anwar: No obstruction, no interference in probe on Nafas, Khazanah

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Elon Musk was dealt a significant setback in a court fight over his purge of Twitter Inc’s top executives when he took over the company in 2022.

Musk loses bid to dismiss ex-Twitter CEO’s severance lawsuit

Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has appointed Nazaiful Affendi Zainal Abidin as the chief strategy and services officer effective Nov 1, 2024.

KWAP appoints Nazaiful Affendi as chief strategy and services officer

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<p>AMMB Holdings Bhd (KL:AMBANK) — better known as AmBank Group — has been busy putting into action a five-year strategic plan, in which delivering better returns to shareholders is one of its key goals.</p>


AmBank off to a good start

<p>The wife of Zhu Su, the co-founder of collapsed cryptocurrency hedge fund Three Arrows Capital, has managed to sell a mansion she owns in Singapore for S$51 million (US$38.5 million or RM168.45 million), despite a court-imposed freeze against some of the couple’s other assets.</p>


Disgraced Three Arrows founder’s wife sells US$39m Singapore mansion

<p>U Mobile Sdn Bhd, which has been selected to implement the country’s second 5G network, will reduce its foreign majority shareholding to 20% to ensure greater Malaysian control and invite participation from local investors.</p>


U Mobile to reduce foreign majority shareholdings to 20%

<p>Intel will be replaced by Nvidia on the blue-chip Dow Jones Industrial Average index after a 25-year run, underscoring the shift in the chipmaking market and marking another setback for the struggling semiconductor firm.</p>


Nvidia to take Intel's spot on Dow Jones Industrial Average

<p>The Malaysian Anti-Corruption Commission (MACC) has opened an investigation into the investment losses of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) in a local online fashion business.</p>


<p>Investors are bracing for a busy week packed with economic data, the third-quarter earnings season and, more importantly, the results of the <b>US presidential election</b> on Tuesday.</p>


The Week Ahead: Attention on US presidential election, monetary policy decisions, economic data

<p>Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has appointed Nazaiful Affendi Zainal Abidin as the chief strategy and services officer effective Nov 1, 2024.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim has insisted that he will not block and interfere in the investigation of the National Farmers' Organisation (Nafas) and Khazanah Nasional Bhd by the authorities including the Malaysian Anti-Corruption Commission (MACC).</p>


<p>The West Coast Expressway (WCE) from Banting, Selangor, to Gelang Patah, Johor, will serve as an alternative route to alleviate the traffic congestion frequently faced by motorists on the North-South Expressway (NSE).</p>


<p>A double dose of potentially market-moving events arrives in the coming week as Americans vote on their next president and the Federal Reserve (Fed) offers more insight on the path of interest rates at its monetary policy meeting.</p>


US election, Fed meeting loom in big week for markets

<p>Prime Minister Datuk Seri Anwar Ibrahim has instructed Khazanah Nasional Bhd to conduct an internal audit following the RM43.9 million investment loss in FashionValet Sdn Bhd.</p>


<p>Chevron Corp indicated potential US job cuts as part of a new cost-cutting plan.</p>

<p>The US$3 billion (RM13.14 billion) in targeted “structural” cost savings will come from asset sales, the use of new technology and workflow changes, chief executive officer Mike Wirth said during an interview. Chevron recently opened up a US$1 billion innovation hub in Bengaluru, India, which is hiring workers for engineering and digital services.</p>


Chevron flags possible job cuts in US$3b cost plan

<p>Elon Musk was dealt a significant setback in a court fight over his purge of Twitter Inc’s top executives when he took over the company in 2022.</p>


<p>The auditor general has been empowered to conduct audits on the accounts of 1,856 other companies, including the government-linked companies (GLCs) which came into effect on Friday.</p>


<p>Leakages and wastage in government subsidies allocated to the people must be effectively addressed through accurate data and information provided by the Department of Statistics Malaysia (DOSM), said Prime Minister Datuk Seri Anwar Ibrahim.</p>


<p>About two years ago, in the aftermath of the COVID-19 pandemic, China’s economy hit a roadblock. As all sectors underwent deleveraging, economic growth slowed, household savings rates increased, and businesses scaled back their investments and accumulated savings. Many now wonder whether consumer...

<p>Kamala Harris has made freedom a central theme of her campaign. Under the heading“Safeguard our fundamental freedoms,” her website explains that: “Vice President Harris’s fight for our future is also a fight for freedom. In this election, many fundamental freedoms are at stake: the freedom to mak...