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Top News In சரவாக் எண்ணெய் லிமிடெட் Today - Breaking & Trending Today

Top read business stories from July 19 to 24

Among top read stories are tough times for mechanical and electrical sector, MR DIY, Sapura Energy
, JanaNiaga, Socso, UMW Equipment and Proton
Coronavirus outbreak
AstraZeneca Plc has told Thailand it should be able to supply around 6 million doses of its COVID-19 vaccine per month, leaked correspondence showed, contradicting assertions by Thai officials that the government had been promised 10 million.
Thailand s push for 10 million monthly doses comes as it considers imposing vaccine export curbs on Thai-manufactured vaccine to shore up domestic supplies, a move that could create problems for its neighbours, some of which are battling similar or more severe coronavirus crises. ....

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RM1.2bil contracts for Sapura Energy

has secured several new contract wins and extensions for jobs in Malaysia and Thailand, totalling RM1.2bil.
In a statement yesterday, the global integrated energy solutions provider said the contracts were for its engineering and construction (E&C), operations and maintenance (O&M) and drilling segments, which will continue to sustain its momentum of job wins in the second quarter of its financial year ending Jan 31, 2022.
Through its subsidiary Sapura Offshore Sdn Bhd, Sapura Energy said it had secured contracts from PTTEP Sarawak Oil Ltd and EnQuest Petroleum Production Malaysia Ltd under the Pan Malaysia Transportation and Installation of Offshore Facilities 2021 campaign. ....

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Sapura Energy wins seven contracts worth RM1.2b in Malaysia, Thailand

Sapura Energy wins seven contracts worth RM1.2b in Malaysia, Thailand
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THHE says settlement deal with PTTEP Sarawak was worth RM16m

KUALA LUMPUR (March 2): Loss-making TH Heavy Engineering Bhd (THHE) said the settlement amount agreed between the group and PTTEP Sarawak Oil Ltd (formerly known as Murphy Sarawak Oil Co Ltd) was about RM16 million.
In a filing with Bursa Malaysia, THHE clarified that the amount owing by PTTEP to THHE s wholly-owned unit THHE Fabricators Sdn Bhd as at Dec 31, 2019 was about RM38 million.
The settlement amount agreed between both parties through the settlement agreement is approximately RM16 million, it said.
This settlement allowed both parties to look forward to a better future business relationship and to end the long outstanding dispute with PTTEP, the group added. ....

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TNB, UWC, Grand-Flo, CB Industrial, Advancecon, TH Heavy Engineering, Techfast, Kanger and Mieco

KUALA LUMPUR (March 2): Based on corporate announcements and news flow today, companies in focus on Wednesday (March 3) may include Tenaga Nasional Bhd (TNB), UWC Bhd, Grand-Flo Bhd, CB Industrial Product Holdings Bhd (CBIP), Advancecon Holdings Bhd, TH Heavy Engineering Bhd (THHE), Techfast Holdings Bhd, Kanger Holdings Bhd and Mieco Chipboard Bhd.
Tenaga Nasional Bhd (
TNB) via wholly-owned subsidiary TNB Renewables Sdn Bhd has entered into a binding term sheet of collaboration with Singapore-based Sunseap Group to tap into the renewable energy (RE) and corporate power purchase agreement (PPA) market in Singapore.
TNB president and chief executive officer Datuk Baharin Din said in a statement that the collaboration is timely, in anticipation of the tender launched by Singapore’s Energy Market Authority for a trial of the Malaysia-Singapore cross-border energy supply. The launch is expected to take place this month (March 2021), he said. ....

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