PETALING JAYA: Main Market-bound 99 Speed Mart Retail Holdings Bhd reported a revenue of RM2.4bil for the second quarter ended June 31, 2024, reflecting a RM183.3mil or 8.2% year-on-year (y-o-y) increase, mainly attributed to higher sales led by the contribution from new outlets and positive impact from the bulk sales e-commerce platform. In a statement, the...
KUALA LUMPUR: Genting Bhd's performance for the remainder of the 2024 financial year may be influenced by factors such as global economic growth, geopolitical risks, and macroeconomic movements. The group said the global economy is expected to continue growing, though risks from geopolitical developments may persist. “In Malaysia, the expansion of the economy is expected to be supported...
KUALA LUMPUR: Malaysian state energy firm Petroliam Nasional Berhad (Petronas) on Monday said it would add three energy-efficient liquefied natural gas (LNG) vessels to its North American operations. The addition of the vessels, which brings the total number in Petronas' fleet in North America to six, comes ahead of the start-up of LNG Canada's gas-export facility...
KUALA LUMPUR: Johor Plantations Group Bhd's (JPG) 55%-owned subsidiary JPG Greenergy Ventures Sdn Bhd has been awarded BioNexus status by the Malaysian Bioeconomy Development Corporation (Bioeconomy Corp) under the Ministry of Science, Technology and Innovation (Mosti). In a joint statement with Bioeconomy Corp, the plantations group said the recognition signifies JPG Greenergy Ventures’ groundbreaking achievements in...
KUALA LUMPUR: The implementation of the Imbalance Cost Pass-Through (ICPT) mechanism will be neutral, and not affect the company’s business operations and financial position, according to Tenaga Nasional Bhd (TNB). In a filing with Bursa Malaysia today, TNB said the Ministry of Energy Transition and Water Transformation's (PETRA) recent announcement follows the government's decision to continue the ICPT...
KUALA LUMPUR: Genting Malaysia Bhd’s wholly owned subsidiary, GENM Capital Bhd has issued RM1.3bil in nominal value of medium-term notes (MTNs). In a filing with Bursa Malaysia, Genting Malaysia said it raised RM1.05bil through three tranches of MTNs.These notes offer annual coupons ranging from 4.92% to 5.15% and have maturities spanning five to ten years. The leisure and...
