<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 11): Barakah Offshore Petroleum Bhd’s shares rose as much as 30% to settle at 6.5 sen on Tuesday (April 11)&nbsp;with 21.79 million shares exchanging hands, following news that its wholly owned unit PBJV Group Sdn Bhd’s suspension has been lifted by Petroliam Nasional Bhd (Petronas) after a period of more than two years.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Barakah, a PN17 status company, opened at seven sen on Tuesday, versus its closing price of five sen on Monday (April 10), before tracing back to 6.5 sen at 9.30am, implying a market capitalisation of RM65.2 million.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia on Monday, the company said its subsidiary PBJV had&nbsp;on April 6 received a notification from Petronas, which stated that Petronas has decided to uplift the suspension imposed against PBJV for PBJV’s Petronas licence.&nbsp;<br />
&nbsp;<br />
“Following the upliftment, any licence renewal application by PBJV is subject to assessment and consideration in accordance with the Petronas’s licensing &amp; registration requirements,” the company said.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Barakah added that it will take all&nbsp;necessary steps towards the licence renewal.&nbsp;</p></div>


KUALA LUMPUR (April 11): Barakah Offshore Petroleum Bhd’s shares rose as much as 30% to settle at 6.5 sen on Tuesday (April 11) with 21.79 million shares exchanging hands, following news that its wholly owned unit PBJV Group Sdn Bhd’s suspension has been lifted by Petroliam Nasional Bhd (Petronas) after a period of more than two years.

Penny stock Barakah jumps on end of suspension by Petronas

Russia and Ukraine exchanged fire on energy facilities overnight, with an oil refinery damaged in Russia’s Krasnodar region, while Ukraine sustained a missile barrage on gas infrastructure and other targets.

Russia, Ukraine exchange strikes on refinery and gas targets

Deutsche Bank AG is putting aside as much as €1.3 billion (US$1.4 billion or RM6.6 billion) in legal provisions, warning this will hit profits.

The bank will book the potential payment in the current quarter, it said in a statement late on Friday. That will impact “second quarter and full-year profitability”, it said, while adding that the ultimate amount of the provisions is not clear yet.

Deutsche Bank earmarks US$1.4b provision in hit to profit

Genting Malaysia Bhd has dismissed reports linking the group and its deputy chairman and chief executive Tan Sri Lim Kok Thay to supposed discussions relating to the opening of a second casino for Malaysia in Forest City, Johor, to revive the US$100 billion (RM477.60 billion) development.

Genting Malaysia denies involvement in talks for Forest City casino

The Territorial Sea Act 2012 (Act 750) remains valid and applicable throughout Malaysia, including in Terengganu, unless declared otherwise by the court, says the Prime Minister’s Office, despite the Terengganu State Legislative Assembly's decision to reject its use.

Territorial Sea Act 2012 still valid, including in Terengganu, says PMO

The Malaysian government is serious about resolving issues surrounding the palm oil industry in the country, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.

Govt serious about resolving palm oil industry issues, says Johari Ghani

Three new semiconductor companies are keen to invest in Penang with total investments of US$100 million (RM477 million), said Chief Minister Chow Kon Yeow.

Three semiconductor firms keen to invest US$100m in Penang

Tan Sri Mokhzani Mahathir and his brother Mirzan Mahathir, who have been asked to declare their assets by the Malaysian Anti-Corruption Commission (MACC), have both denied being investigated by the agency.

Mahathir's sons, Mirzan and Mokhzani, deny being under MACC probe

Defence Minister Datuk Seri Mohamed Khaled Nordin said the government had no plans to temporarily suspend the service of Fennec and HOM helicopters.

Govt not suspending service of Fennec and HOM helicopters, says minister

It will be a four-way fight in the upcoming Kuala Kubu Bahru by-election between Pakatan Harapan’s pick Pang Sock Tao, Hulu Selangor Bersatu action division head Khairul Azhari, Parti Rakyat Malaysia’s Hafizah Zainudin and independent Nyau Ke Xin.

NEWS: Four-cornered fight in KKB by-election

Parti Rakyar Malaysia’s Hafizah Zainudin says that if elected, PRM will stand on a platform of increased transparency in government.