<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 25): Shares of Perisai Petroleum Teknologi Bhd slumped 7.50% in early trade today after Reuters reported the company said it had started talks with holders of its S$125 million (US$92.36 million) bond maturing on Oct 3.</p></div>

<div class=newsTextDataWrapInner><p>At 9.13am, Perisai fell 1.5 sen to 18.5 sen with 2.45 million shares done.</p></div>

<div class=newsTextDataWrapInner><p>Perisai said its interest cover ratio had fallen below the required minimum for the quarter ended June 30, adding it was taking steps to meet the covenant.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"Continuing depressed oil prices has caused uncertainty on the outlook for the demand for the oil and gas assets in the short to medium terms," Perisai said in a statement to Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Perisai reported a net loss of RM2.7 million for the quarter ended June 30, 2016 (2QFY16), compared with a net profit of RM1.6 million a year earlier.</p></div>


KUALA LUMPUR (Aug 25): Shares of Perisai Petroleum Teknologi Bhd slumped 7.50% in early trade today after Reuters reported the company said it had started talks with holders of its S$125 million (US$92.36 million) bond maturing on Oct 3.

At 9.13am, Perisai fell 1.5 sen to 18.5 sen with ...

Perisai slumps 7.50% on report of talks with bond holders

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NEW YORK (April 25): Benchmark S&P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.

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WOLVERHAMPTON, England (April 25): Bournemouth snapped a three-game winless run in the Premier League with a 1-0 victory at former manager Gary O'Neil's Wolverhampton Wanderers on Wednesday courtesy of a first-half strike from Antoine Semenyo.

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LONDON (April 25): Crystal Palace made absolutely sure of Premier League safety with an impressive 2-0 home defeat of Newcastle United on Wednesday with both goals scored by Jean-Philippe Mateta.

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CAIRO/JERUSALEM (April 25): Israeli warplanes pounded the northern Gaza strip for a second day on Wednesday in a fierce assault that has shattered weeks of comparative calm, and Israel said it was moving forward with plans for an all-out assault on Rafah in the south.

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An auction of a record $70 billion worth of five-year U.S. Treasury note...

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LIVERPOOL, England (April 25): Everton's Jarrad Branthwaite and Dominic Calvert-Lewin scored in a pulsating 2-0 home victory over Liverpool in the Merseyside derby on Wednesday that could prove to be the death of the visitors' withering Premier League title hopes.

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<p>The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.</p>

<p>Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co, the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 sq m (28,111 sq ft) house in the country’s Bin Tong Park enclave, according to a property record seen by <em>Bloomberg News.</em></p>


Chinese metal tycoon’s heir buys US$62m Singapore mansion

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.</p>


KLCCP, Suria Capital, Capital A, Calsberg, Hibiscus Petroleum, Chin Hin, OCR, Fajarbaru, I-Bhd, Farm Price, United Plantations, AME REIT, Axis REIT, MyEG

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Fajarbaru Builder bags RM252m construction job in Johor Bahru from WCT

<p>Hibiscus Petroleum Bhd said it has completed the drilling of the Bunga Aster-1 exploration well and is expecting its first oil production to begin in May.</p>


Hibiscus Petroleum completes drilling at Bunga Aster-1 well, first oil production set for next month

<p>(April 25): A disappointing earnings report from Meta Platforms Inc. has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days.</p>

<p>Shares of Facebook’s parent were down as much as 19% in after-hours trading and...

<p>Suria KLCC's established reputation as a premier shopping destination has set it apart from other malls in the same vicinity, which provided it an effective buffer against new competition, according to KLCCP Stapled Group chief executive officer Datuk Md Shah Mahmood.</p>


Suria KLCC shrugs off competition from new malls, with occupancy rate hitting 98% at end-2023

<p>KUALA LUMPUR (April 24): Suria Capital Holdings Bhd’s wholly owned Sabah Ports Sdn Bhd has roped in DP World, an Emirati multinational logistics company based in Dubai, to manage Sapangar Bay Container Port (SBCP), in a bid to cement the port’s position as a regional trade hub for the East Asean growth area spanning Brunei, Indonesia, Malaysia and the Philippines (BIMP-EAGA).</p>


Suria Capital’s Sabah Ports ropes in Dubai’s DP World to manage Sapangar Bay Container Port

<p>United Plantations Bhd’s (UP) net profit grew 18.54% year-on-year to RM132.87 million for the first quarter ended March 31, 2024 (1QFY2024), mainly due to a sharp drop in finance cost, on the back of slightly higher revenue, thanks to higher crude palm oil (CPO) and palm kernel (PK) prices.</p>


United Plantations kicks off FY2024 on positive note as 1Q profit rises 18.5%

<p>Eden Inc Bhd’s major shareholder Tan Sri Abd Rahim Mohamad is proposing to settle a RM45.65 million debt his company owes Eden by transferring the ownership of a 2.4 million sq ft (about 55 acres) leasehold land to the listed entity.</p>


Eden's major shareholder proposes land transfer to settle RM45.65m debt owed to company

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