<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 26): Deleum Bhd has bagged two contract extensions from Petronas Carigali Sdn Bhd (PCSB) for the provision of slickline equipment and services and provision of gas lift valves (GLV) &amp; insert strings equipment, accessories and services.</p></div>

<div class=newsTextDataWrapInner><p>The value of the contracts will depend on the agreed rates and the work order issued by PCSB.</p></div>

<div class=newsTextDataWrapInner><p>PCSB is a wholly owned subsidiary of Petroliam Nasional Bhd (Petronas) and its principal activities are exploration, development and production of oil and gas.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In a bourse filing, Deleum said the contract extension was awarded to the group's wholly-owned subsidiary Deleum Oilfield Services Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>The first involves the provision of slickline equipment and services for PCSB's Sarawak and Sabah assets, from Dec 20, 2021 until Dec 19, 2023.</p></div>

<div class=newsTextDataWrapInner><p>The second contract extension involves the provision of GLV &amp; insert strings equipment, accessories and services for PCSB, from Jan 7, 2022 until Jan 6, 2023.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Deleum fell 0.5 sen or 0.87% to 57 sen, bringing it a market capitalisation of RM229 million.</p></div>


Deleum Bhd has bagged two contract extensions from Petronas Carigali Sdn Bhd for the provision of slickline equipment and services and provision of gas lift valves & insert strings equipment, accessories and services.

Deleum bags two contract extensions from Petronas Carigali

Cypark Resources Bhd said on Tuesday that its 100MW Large Scale Solar 3 (LSS3) hybrid solar plant project in Merchang, Terengganu, will transition to full commercial operations by next month.

In a statement, the group said the plant consists of 83MWac (megawatt, alternating current) ground-mounted solar photovoltaics and 32MWac floating solar photovoltaics.

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British sportswear and sneaker retailer JD Sports Fashion Plc agreed to buy Hibbett Inc for about US$1.1 billion (RM5.2 billion) to speed up its US expansion.

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NINJA Logistics Sdn Bhd (Ninja Van Malaysia) was one of the private venture-backed start-ups that burst onto the last-mile delivery scene and disrupted the long-standing business model of incumbent delivery companies with technologies that deliver products faster, cheaper and more efficiently tha...

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Crypto exchanges are eating into Binance’s share of bitcoin trading outside the US as overseas expansion efforts and changing regulations reshape the competitive dynamics of the digital-asset industry.

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The UK economy’s recovery from recession unexpectedly gathered pace at the start of the second quarter as private sector firms reported the strongest growth in almost a year.

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China’s biggest wave of steel exports since a global glut in the mid-2010s is inflaming trade tensions across the world as the metal reaches a wider range of destinations.

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KUALA LUMPUR (April 23): Penang International Airport (PEN) recorded a 5% increase in passenger movements, rising to 328,000 from 313,000 passengers in the preceding month.

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UBS Group AG raised its recommendation on a key Chinese stock index to “overweight” in a rare upgrade call this year, underscoring the tentative optimism that the market is finally on the mend.

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The US is drafting sanctions that threaten to cut some Chinese banks off from the global financial system, which officials hope will stop Beijing's commercial support of Russia's military production, the Wall Street Journal reported on Monday, citing people familiar with the matter.

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Elon Musk lashed out at Australia's prime minister on Tuesday after a court ordered his social media company X take down footage of an alleged terrorist attack in Sydney, and said the ruling meant any country could control "the entire internet".

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<p>The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.</p>




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<p>Ten members of the Royal Malaysian Navy (RMN) were confirmed dead in an incident where two helicopters collided and crashed at the Royal Malaysian Navy (RMN) base in Lumut, Perak on Tuesday morning.</p>


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<p>Shares of Topmix Bhd surged 32% in its trading debut on Tuesday after the surface decorative products company’s initial public offering (IPO) on the ACE Market raised RM31.7 million.</p>


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<p>Brazil's government said on Monday that four additional poultry plants have been cleared to sell halal products to Malaysia, a move it hopes will allow exports to the Asian country to double when compared to last year's levels.</p>


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<p>Eight contractors face possible Malaysia Competition Commission (MyCC) fines for alleged bid rigging in 2019, in respect of two tenders of the Public Works Department (JKR) and one tender of the Department of Drainage and Irrigation.</p>


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<p>Malaysia’s construction tender prices are&nbsp;expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner &amp; Townsend.</p>


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<p>Former Umno Supreme Council member Hizatul Isham Abdul Jalil or better known as Isham Jalil has offered to make an unreserved apology to bring an end to his contempt of court proceedings.</p>


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<p>Asian shares extended gains on Tuesday, taking cues from Wall Street as investors' focus shifts to earnings reports from US tech giants in the week, while a still strong dollar pressured the Japanese yen to fresh 34-year lows.</p>


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<p>Indonesian President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday.</p>


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<p>Swatch Group (M) Sdn Bhd&nbsp;said the seizure of its 172 rainbow-themed watches had caused much grief to its international reputation, as the renowned Swiss watch maker had always been dutiful citizens of any state where the watches were sold.</p>


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<p>Datin Seri Rosmah Mansor's appeal against her guilty conviction and sentence over all three counts of graft pertaining to the RM1.25 billion solar hybrid project for 369 rural schools in Sarawak will be heard in October.</p>


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<p>Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.</p>


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<p>Hong Leong Investment Bank (HLIB) has a “trading buy” rating on SDS Group Bhd and said with 33 of its F&amp;B outlets situated across Johor state, and a wholesale segment that is focusing in this region, SDS appears strategically positioned to leverage the burgeoning vibrancy in Johor, propelled further by the continuous influx of visitors from Singapore.</p>


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<p>Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines.&nbsp;</p>

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<p>Malton Bhd has unveiled the final tower (Block B) of River Park, following the successful launch of its previous Tower A and Tower C blocks with more than 70% take-up rate.</p>


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<p>Bursa Malaysia opened higher on Tuesday, taking its cue from Wall Street’s better performance overnight, as sentiment improves after Iran said it will not escalate the conflict with Israel, said an analyst.</p>


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<p>The two helicopters which collided and crashed at the Royal Malaysian Navy (RMN) Base were undergoing a rehearsal for the third time in conjunction with RMN Fleet Open Day celebration scheduled on Saturday (April 27).</p>


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<p>Rakuten Trade has a “buy” rating on ACE Market-bound surface decorative products company Topmix Bhd at an initial public offering (IPO) price of 31 sen, with a fair value of 40 sen based on financial year 2024 (FY2024) forecast price-earnings (PE) of 15x, in line with industry peers.</p>


Rakuten Trade values Topmix at 40 sen, expects FY2023-FY2026 earnings to grow at CAGR of 25%

<p>Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the US economy's health.</p>
