January 18, 2011
When will Bernama stop preventing a direct copy and paste from these websites? The food stall workers across the road are getting mighty fluent in English as they type this excerpt out for peanuts.
Dateline 2011-01-11:
Prime Minister Datuk Seri Najib Tun Razak on Tuesday announced 19 more Entry Point Projects (EPPs) under the Economic Transformation Programme (ETP).
He said the projects would generate almost RM67 billion in investments, RM36 billion in gross national income and create 35,000 new jobs.
Since the launch of ETP on Oct 25 last year, 18 EPPs have been previously announced.
In a media briefing here, the prime minister said the 19 EPPs and development projects would come from 10 National Key Economic Areas (NKEAs), led by four EPPs under the oil, gas and energy NKEA.
He said ExxonMobil Exploration and Production Malaysia Inc, together with its production sharing contract partner Petronas Carigali Sdn Bhd, planned to invest over RM10 billion in new oil and gas assets to help ensure reliable and sustainable energy supplies for Malaysia.
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Posted by Wata
January 16, 2011
Dateline 2011-01-14:
KUCHING: Malaysian Oil and Gas (O&G) stocks skyrocketed in the past few days in response to Prime Minister Datuk Seri Najib Tun Razak’s announcement of another 19 Entry Point Projects (EPP) with three from the O&G sector under the Economic Transformation Programme (ETP).
On top of that, Main Board of Bursa Malaysia also witnessed record breaking 52 weeks high levels of certain counters since the announcement on January 11, 2011. The RM20 billion investment in the O&G and energy sectors were expected to perk up trading in these stocks after vanishing from the radar over the last two years due to weakening in crude palm oil (CPO) levels and lack of activity in the energy sector.
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Posted by Wata
January 15, 2011
Umm, what was the hub before this? Anyone from the Iskandar Regional Development Authority want me to advise them for big bucks? BTW, when are elections due?
Taken from the Star, dateline 2011-01-14:
The Government has identified Johor as the new growth centre in the country for the oil and gas (O&G) sector and related activities under the Economic Transformation Programme (ETP).
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the ministry would promote two locations in Johor dedicated to the O&G sector and related activities to domestic and foreign investors.
“We will provide incentives to the O&G players to invest in Johor,” he told reporters after attending the Iskandar Malaysia Small and Medium Enterprises Outreach Awareness Dialogue organised by Iskandar Regional Development Authority yesterday.
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You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
Leave a Comment » | business opportunity, investment, Malaysia, oil and gas | Tagged: IDRA, Iskandar, Johore | Permalink
Posted by Wata
November 13, 2010
Anyone else know about this?
Dateline 2010-11-01:
Malaysian petrol dealers said on Monday they will raise the price of the premium grade RON 97 fuel by 5 sen or 2.4 percent to 2.15 ringgit ($0.695) a litre on Tuesday.
“RON 97 has not been subsidised by the government and since world oil prices have gone up, the petrol price gets adjusted,” Hashim Othman, president of the Petroleum Dealers Association of Malaysia, told Reuters.
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Posted by Wata
November 7, 2010
Taken from the Star, dateline 2010-11-02:
Petronas Gas Bhd has appointed four new directors following the resignation of two directors, namely Datuk Mohammed Azhar Osman Khairuddin and Farehana Hanapiah.
It told Bursa Malaysia that the newly appointed non-independent and non-executive directors were Rosli Boni, Mohammad Medan Abdullah, Ramlan Abdul Malek and Lau Nai Tuang.
Mohammed Azhar also resigned as a Petronas Gas audit committee member. Rosli was appointed a new audit committee member.
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You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
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Posted by Wata
November 5, 2010
Dateline 2010-11-02, from City A.M.:
STATE-owned Malaysian oil and gas group, Petronas could raise up to $4.8bn (£2.9bn) from an initial public offering (IPO) of shares in its newly formed chemicals subsidiary, more than double earlier market estimates.
The prospectus for the IPO of Petronas Chemicals Group reveals shares will be priced at between MS$4.50 and MS$5.20. But the group has increased the amount of stock to be sold from 30 per cent to 35.6 per cent. The increased offering reflects the strength of Asian capital markets whose local economies are in buoyant mood as well as an influx of western investment funds seeking higher returns. Selling the maximum share allocation would raise $4.78bn, compared with initial estimates for the sale of about $2bn. The listing could become Malaysia’s biggest capital raising, dwarfing the listing of Maxis, the telecommunications group, which raised $3.3bn in 2009.
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Posted by Wata
October 31, 2010
Dateline 2010-10-30:
MALAYSIAN Marine & Heavy Engineering Holdings (MMHE) made an impressive debut on the stock exchange yesterday, rewarding retail subscribers of its shares with a hefty gain of almost 25 per cent.
Given the company’s stellar first-day performance, investor interest in the impending listing of Petronas Chemicals Group – the next Petronas unit slated to float its shares this year in Malaysia’s biggest IPO offering – is bound to be magnified.
Retail and institutional investors had subscribed for MMHE’s public offer at RM3.61 (S$1.50) and RM3.80 per share respectively. The closing price yesterday was RM4.51.
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Posted by Wata
October 27, 2010
I know the fellas at Uzma are smart, but this news release must rank among those most empty of information. Do you buy or sell Uzma share?
Taken from the Star, dateline 2010-10-23:
Oil and gas contractor Uzma Bhd told Bursa Malaysia yesterday its wholly owned unit has received a letter of award from a national oil company as one of the contractors appointed to do subsurface studies for “routine and enhance oil recovery services’’ for an intial period of three years.Uzma did not named the national oil firm, disclosed any financial details with regards to the appointment. “It should be noted that the subsurface contract does not constitute or imply a commitment by the oil firm to award any specific volume of works to Uzma.”
You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.
2 Comments | business opportunity, Malaysia, oil and gas | Tagged: Uzma | Permalink
Posted by Wata
October 24, 2010
From Bloomberg, dateline 2010-10-12:
Petronas Chemicals Bhd., the petrochemicals unit of Malaysia’s state oil company, may raise as much as $4 billion in the Southeast Asian nation’s biggest initial public offer, said two people familiar with the matter.
Banks advising on the sale set an indicative price of 5.20 ringgit per share, said the people, who spoke on condition of anonymity. The company had originally planned to raise about $2 billion, people with knowledge of the matter said in June.
Petronas Chemicals is one of two Petroliam Nasional Bhd. units slated for a listing this year. Malaysia Marine & Heavy Engineering Bhd., a maritime heavy engineering group, said in a prospectus Oct. 6 that it aims to raise as much as 2.04 billion ringgit ($655 million) this month.
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3 Comments | business opportunity, Malaysia, oil and gas | Permalink
Posted by Wata
October 22, 2010
Synergy Oil & Gas Engineering Sdn Bhd
Synergy is a fast growing process engineering company providing solutions to the oil and gas industry. Areas of expertise include dynamic simulation, flow assurance, operational support, conceptual design, and material management. Group offices are located in Indonesia and Malaysia.
Finance Manager
(Selangor – Subang Jaya)
Responsibilities:
- To manage all facets of accounting and finance functions.
- Cost accounting, Cash flow management, budgeting, financial planning, analysis and reporting, tax planning and forecasting
- Ensure an accurate, efficient and timely accounting system is maintained
- Formulate and monitor accounting policies and standards to improve internal control
- Liaise with relevant parties to ensure compliance with all matters relating to audit, tax and statutory requirement
Requirements:
- Degree in Finance with professional qualification such as ACCA/CPA/MICPA/CIMA/MIA or its equivalent
- Minimum 8 years working experience with at least 3 years in managerial position
- Excellent understanding of accounting principles and financial analysis
- Demonstrate excellent analytical skills with strong business acumen.
- Able to work independently and closely with company directors to guide and advice on financial aspects
- Good interpersonal skills and leadership abilities
- Commercial experience in service industry would be preferred.
Apply via Jobstreet.
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Posted by Wata
Wata - Malaysian Oil and Gas Engineer 