<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on September 12, 2019</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Icon Offshore Bhd’s subsidiary has bagged a RM25.6 million contract from Petronas Carigali Sdn Bhd to supply one anchor handling tug and supply vessel for the petroleum arrangement contractor’s production operations.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia yesterday, the group said its unit, Icon Offshore Sdn Bhd, was awarded the contract following an amendment to the letter of contract on Aug 16, and only received approval from Petronas Carigali to release the news on Tuesday.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The contract commenced on Aug 17 and will continue for 730 days from that date, said Icon Offshore.</p></div>

<div class=newsTextDataWrapInner><p>The group noted that the contract is expected to positively contribute to its earnings and net assets for the financial year ending Dec 31, 2019 and beyond.</p></div>


KUALA LUMPUR: Icon Offshore Bhd’s subsidiary has bagged a RM25.6 million contract from Petronas Carigali Sdn Bhd to supply one anchor handling tug and supply vessel for the petroleum arrangement contractor’s production operations.

In a filing with Bursa Malaysia yesterday, the group sai...

Icon Offshore unit bags RM25.6m  contract from Petronas Carigali

The Edge Communications Sdn Bhd and its owner Tan Sri Tong Kooi Ong have ceased to be a substantial shareholder in Star Media Group Bhd following the latest share sale.

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Prime Minister Datuk Seri Anwar Ibrahim wants the Immigration Department to operate as a solid team with sincere intentions to bring about change and to put an end to inappropriate practices, aligning with the concept of a Madani nation.

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SHAH ALAM (May 6): The Ministry of Energy Transition and Water Transformation (Petra) has come up with the affordable “Solar BOLEH!” programme to enable more people to adopt solar energy by installing solar panels in their homes, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

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Construction crane manufacturer Favelle Favco Bhd (FFB) has secured four contracts for the supply of offshore and tower cranes totaling RM39.2 million.

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India arrested an official from the main opposition party in a bid to clamp down on the spread of fake news during its multiphase elections running until June.

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Prime Minister Datuk Seri Anwar Ibrahim has urged civil servants to maintain their service integrity to justify the recognition and confidence accorded them by the government through salary adjustments under the Public Service Remuneration System (SSPA).

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WASHINGTON (May 6): US President Joe Biden will meet Middle East ally, Jordan’s King Abdullah II, at the White House on Monday, with prospects for a Gaza ceasefire appearing slim and Palestinian Islamist group Hamas and Israeli officials blaming each other for the impasse.

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Steward Health Care System LLC filed for bankruptcy early on Monday as it’s finalising a rescue loan with landlord Medical Properties Trust Inc.

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For the first time in nearly a generation, fixed income is living up to its name.

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<p>BMI, a Fitch Solutions company, said Malaysia's deepwater explorations are expected to accelerate as more investments are directed towards under-explored areas.</p>


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<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>

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<p>Prime Minister Datuk Seri Anwar Ibrahim will be having an online meeting with tech giant Google on Monday.</p>

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<p>KUALA LUMPUR (May 6): Defence Services Asia (DSA) 2024 and National Security Exhibition (Natsec) Asia 2024 are able help the country gauge whether its&nbsp;defence assets are in line with the latest technological advances.</p>


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<p>Proton Holdings Bhd reported on Monday its car sales rose by 17.1% to 11,025 vehicles in April (including domestic and exports) compared to the 9,415 units sold last year.&nbsp;</p>


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<p>Phillip Capital has initiated coverage on T7 Global Bhd with a “buy” rating at 53 sen and a target price of 68 sen.</p>


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<p>The Road Transport Department (JPJ) said that the insurance comparison platform BJAK has not received approval to offer road tax renewal services.</p>


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<p>LONDON (May 6): High Chinese tariffs on EU brandy would leave French companies with vast amounts of cognac that could be hard to sell elsewhere, according to Reuters' calculations, analysts, and investors who fear firms could be forced to discount.</p>

<p>China opened an anti-dumping investiga...

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<p>Robusta coffee prices have climbed to the highest in 45 years, according to the International Coffee Organisation (ICO), as a supply crunch intensifies for the variety used in espresso blends and instant drinks.</p>


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<p>French President Emmanuel Macron and EU Commission chief Ursula von der Leyen urged China's President Xi Jinping to ensure more balanced trade at the start of a visit to Paris by the Chinese leader, during which Macron will also press him on Ukraine.</p>


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<p>Global stocks ticked higher on renewed bets that the Federal Reserve would likely ease interest rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.</p>


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<p>The Attorney General's Chambers (AGC) will be objecting to Muar Member of Parliament Syed Saddiq's leave application to take legal action against Prime Minister Datuk Seri Anwar Ibrahim and the government over RM730,300 in allocations meant for his constituency.</p>


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<p>For the first time in nearly a generation, fixed income is living up to its name.</p>


<p>Billionaire investor Warren Buffett said there are “load of opportunities” in India, but he’s leaving them to future management.</p>


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<p>Former prime minister Tan Sri Muhyiddin&nbsp;Yassin's four graft charges, which were&nbsp;reinstated by the Court of Appeal in February, had met all&nbsp;the ingredients of an offence under stipulated laws,&nbsp;and were not ambiguous.</p>
