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Japan to provide rescue boats to Malaysian military amid China s rise

Japanese Prime Minister Fumio Kishida agrees with his Malaysian counterpart Anwar Ibrahim to supply rescue boats to the Southeast Asian nation's military, with China's growing maritime assertiveness in the Indo-Pacific in focus.

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Dayang secures contract extension from Sapura OMV

KUALA LUMPUR: Dayang Enterprise Holdings Bhd's wholly-owned subsidiary Dayang Enterprise Sdn Bhd has received a contract amendment and extension for the provision of Pan Malaysia maintenance, construction and modification contractor for 2018 to 2023 - Package C (East Malaysia).

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PMC to acquire remaining shares in A&W Malaysia for RM69 45mil

KUALA LUMPUR: Pan Malaysia Corporation Bhd (PMC) has proposed to acquire the remaining 49 per cent equity interest in fast-food chain operator A&W (Malaysia) Sdn Bhd from Inter Mark Resources Sdn Bhd, comprising 30.38 million ordinary shares, for RM69.45 million.

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Analysts unsurprised by Dayang s second contract extension

Analysts unsurprised by Dayang s second contract extension
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Scomi gets RM2 1b Petronas Carigali job

KUALA LUMPUR: Scomi KMC Sdn Bhd, a member of Scomi Group Bhd, has been awarded a contract worth RM2.1 billion by Petronas Carigali to supply drilling fluids, barite materials, equipment and services for a five-year period beginning March 1, 2013.This confirms an earlier report by The Edge weekly that Petronas Carigali has picked Scomi over a few international names to get the lion’s share of the five-year contract under the RM8 billion to RM10 billion Pan Malaysia mega tender.In an announcement to Bursa Malaysia yesterday, Scomi Group said the contract award is expected to contribute positively towards the earnings and net assets per share of the company for the five financial years ending March 31 2013 to 2018.In 2006, Scomi received a much smaller five-year drilling fluids contract worth US$500 million (RM1.55 billion) from Petronas.Scomi Group recently underwent a restructuring exercise which saw the disposals of its stakes in Scomi Oilfields Ltd, Scomi Sosma Sdn Bhd and Scomi KMC

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