Posts by Stephanie Irvin
Petronas plans significant expansion in Indonesia, country head says
MALAYSIAN state energy company Petronas plans an “aggressive” expansion in Indonesia, which involves creating hub for its operations in East Java and investing in exploring the country’s far-flung eastern regions, its Indonesia head said on Monday (Oct 28). Indonesian President Prabowo Subianto’s government, which took office this month, has pledged to bolster energy development, aiming…
Read MoreEuropean banks to extend dealing with Indian clearing houses
This comes after a dispute between Indian and European regulators, which risks disrupting billions of rupees of trading if unresolved MARKET regulators in France and Germany asked their banks to continue dealing with India’s clearing houses beyond an October-end deadline, said people familiar with the matter. Europe’s authorities set the deadline last year after their…
Read MoreCnooc profit rises as expanded output offsets weaker demand
CNOOC posted a rise in third-quarter profit after the company offset lower crude oil prices with increased output. China’s largest offshore oil and gas driller said net income rose to 36.9 billion yuan (S$6.8 billion), from 33.9 billion yuan last year, according to a statement on Monday (Oct 28). The increase came despite Brent crude…
Read MoreTop SGX-listcos beat 2025 target for women directors; smaller ones still lagging
The Council for Board Diversity says its interim numbers show that women’s participation on the boards of these companies has trebled to 25.3%, from 7.5 per cent in 2013 THE top 100 companies listed on the Singapore Exchange (SGX) have surpassed a target by the Council for Board Diversity (CBD) for women to account for…
Read MorePhilips cuts annual sales outlook on weak demand from China
Royal Philips slashed its sales-growth forecast for the year as tepid demand from China weighs on the Dutch medical technology firm’s orders. Philips expects comparable sales to grow as much as 1.5 per cent in 2024, down from a previous forecast of as much as 5 per cent, it said on Monday (Oct 28). Order…
Read MoreMalaysia looking to work with data centre players to build regulatory frameworks
Malaysia minister says it is time for data centre players to form a trade association MALAYSIA’S government is looking to work with data centre players to build regulatory frameworks as it looks to develop the industry, which is fast-growing in Johor. At data centre operator GDS International’s Data Centre Supply Chain Ecosystem Summit held in…
Read MoreMalaysia looking to work with data centre players to build regulatory frameworks
Malaysia minister says it is time for data centre players to form a trade association MALAYSIA’S government is looking to work with data centre players to build regulatory frameworks as it looks to develop the industry, which is fast-growing in Johor. At data centre operator GDS International’s Data Centre Supply Chain Ecosystem Summit held in…
Read MoreMalaysia government looking to work with data centre players to build regulatory frameworks
MALAYSIA’s government is looking to work with data centre players to build regulatory frameworks as it looks to develop the industry, which is fast growing in Johor. At data centre operator GDS International’s Data Centre Supply Chain Ecosystem Summit held in Johor on Sunday (Oct 27), Malaysia’s Deputy Minister of Investment, Trade and Industry Liew Chin Tong…
Read MoreHong Kong pledges more licenses for crypto exchanges by year-end
HONG Kong authorities expect to license more digital asset exchanges by the end of 2024 after completing a five-month inspection period that had raised doubts about the prospect of further approvals. A finalised list of the platforms graduating from a provisional permit to fully licensed will be published by year-end, said Eric Yip, executive director…
Read MoreSouth Korea vows to fight volatility after won hits three-month low
SOUTH Korea’s finance minister has promised to act swiftly to curb excessive volatility in the won, the latest sign officials are growing nervous about the currency after it fell to a three-month low. Korean authorities “will respond promptly according to contingency plans” in the event of excessive volatility in either the currency or the country’s…
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