Category: Business

Bumper profits ebb at US oil giants

NEW YORK: ExxonMobil and Chevron reported lower profits Friday compared with the year-ago blowout quarter as the oil giants touted recent acquisitions they said balance

Key US inflation gauge holds steady in Sept

WASHINGTON: A key indicator of US inflation stayed steady in September, the government reported Friday, as policymakers push on in their battle against persistent price

OM Sarawak Q3 ferrosilicon production up 31.5%

KUCHING: OM Materials (Sarawak) Sdn Bhd’s (OM Sarawak) ferroalloy smelting plant in Samalaju Industrial Park, Bintulu has reported double-digit increase in the production volume of

Perodua sees record car sales

KUALA LUMPUR: Perodua reported a 28.3 per cent jump in car sales for the third quarter to 88,537 units, compared with 69,011 units in the

SPB secures banking facility

K UCHING: Sarawak Plantation Bhd (SPB) has secured a RM40 million Islamic banking facility to finance the development cost of its oil palm plantation and

Digital-related investments hits RM110 bln

KUALA LUMPUR: Malaysia has facilitated RM110 billion in digitalrelated investments, almost double the target under the Malaysia Digital Blueprint’s (MyDigital) initiative, said Malaysian Digital Economy

S’wak Cable negotiates debt restructuring

KUCHING: Sarawak Cable Bhd is currently in negotiations with its creditors for a new debt restructuring scheme. The creditors rejected the previous restructuring proposals during