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Petronas Awards Estuary Cluster PSC, Hands Over Mutiara Cluster Seismic Data

KUALA LUMPUR, Sept 10 (Bernama) -- Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), has awarded the Estuary Cluster production sharing contract (PSC) and handed over seismic data for the Mutiara Cluster to two companies.

EIG Closes Senior Infrastructure Debt Fund VI At US$1.9 Bln

KUALA LUMPUR, Sept 10 (Bernama) -- EIG, an institutional investor in the global energy and infrastructure sectors, announced the final close of EIG Senior Infrastructure Debt Fund VI (SIDF VI) at US$1.9 billion, nearly double the size of its predecessor fund. (US$1 = RM4.06)

DHCG Opens Shanghai Office To Expand China Biopharma Services 

KUALA LUMPUR, Sept 10 (Bernama) -- Dark Horse Consulting Group (DHCG), a life sciences consulting firm, has opened an office in Shanghai to expand its advisory services to biotherapeutic developers in China.

Northern Trust Expands Singapore Unit Trust Servicing

KUALA LUMPUR, Sept 9 (Bernama) -- Northern Trust has expanded its Singapore unit trust offering through a relationship with Perpetual (Asia) Limited, providing investment managers with an integrated servicing solution for Singapore unit trust structures.

TNB Genco Continues Investing In Fleet Reliability, Renewables And Storage Pipeline

KUALA LUMPUR, Sept 9 (Bernama) -- TNB Power Generation Sdn Bhd (TNB Genco) continues to invest in the reliability of its existing generation fleet while advancing its renewable and storage pipeline, including a hybrid hydro-floating solar project combining 595 megawatts (MW) of floating solar with 1,190 megawatt-hours (MWh) of battery storage, targeted for completion in 2028.

Perdana Petroleum Proposes Additional 'Third Eye' For Offshore Monitoring

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 9 (Bernama) -- Budget 2027 should consider establishing a formal information-sharing framework that enables offshore support vessels (OSVs) to serve as an additional “third eye” in safeguarding Malaysia’s waters and critical offshore energy infrastructure, said Perdana Petroleum Bhd.

Bursa Malaysia Rebounds, Opens Higher Despite Wall Street Weakness

KUALA LUMPUR, Sept 9 (Bernama) -- Bursa Malaysia rebounded from Tuesday’s losses to open higher on Wednesday despite weakness on Wall Street, as concerns over higher crude oil prices intensified amid escalating tensions in West Asia, an analyst said.

PNB Launches Second US$300 Mln Secured Exchangeable Sukuk

KUALA LUMPUR, Sept 9 (Bernama) -- Permodalan Nasional Bhd (PNB) has launched its second US$300 million secured exchangeable sukuk to optimise its portfolio through innovative capital market solutions.

TRC Synergy Secures RM149.98 Mln Hyperscale Data Centre Contract 

KUALA LUMPUR, Sept 8 (Bernama) -- TRC Synergy Bhd has secured a contract from Gamuda Engineering Sdn Bhd for underground services works worth RM149.98 million for a hyperscale data centre.

Public Bank To Privatise Hong Kong Subsidiary At HK$2.50 Per Share

KUALA LUMPUR, Sept 8 (Bernama) -- Public Bank Bhd has proposed to privatise its 73.23 per cent-owned subsidiary Public Financial Holdings Ltd (PFHL) for HK$2.50 (RM1.29) per share.

Favelle Favco Secures RM131.7 Mln In Crane Supply Contracts

KUALA LUMPUR, Sept 8 (Bernama) -- Favelle Favco Bhd (FFB) has secured purchase orders worth a combined RM131.7 million from four clients to supply tower and offshore cranes.

Industries Need Innovation, Energy Efficiency To Stay Competitive - ABB

GEORGE TOWN, Sept 8 (Bernama) -- Industries must improve productivity, optimise energy consumption, enhance operational reliability and accelerate their sustainability journey to remain competitive amid rising costs and rapid technological changes.