EIG’s MidOcean Energy Expands Gorgon LNG Stake Through JERA Acquisition

KUALA LUMPUR, March 12 (Bernama) -- MidOcean Energy (MidOcean), a liquefied natural gas (LNG) company formed and managed by EIG, announced it has signed definitive agreements with JERA Co Inc (JERA) to acquire JERA Gorgon Pty Ltd, which holds a 0.417 per cent interest in the Gorgon LNG project.

AM Best: Australia’s Guild Insurance Credit Ratings Unchanged After Partnership

KUALA LUMPUR, March 11 (Bernama) -- AM Best has commented that the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Australia’s Guild Insurance Limited (GIL) remain unchanged following the announcement of its new strategic partnership with EML Group.

RON95 Can Hold At RM1.99 Amid Oil Price Surge But Fiscal Pressure May Rise, Says Economist

KUALA LUMPUR, March 9 (Bernama) -- Malaysia may be able to maintain the price of RON95 fuel at RM1.99 per litre even if global oil prices rise amid tensions around the Strait of Hormuz, but doing so could increase fiscal pressure and affect fiscal consolidation plans, said an economist.

Heartwarming Skies As Aviation Steps Up To Rescue Stranded Passengers

By Kisho Kumari Sucedaram

KUALA LUMPUR, March 8 (Bernama) -- Amid the ongoing conflict in the Middle East, which has thrown the aviation industry into chaos and left thousands of travellers stranded, it is heart-warming to see the global aviation community joining hands to evacuate passengers safely to their respective destinations.

Asia's Processing, Packaging Industry To Grow On F&B Demand This Year -- Informa Markets

BANGKOK, March 6 (Bernama) -- The processing and packaging industry across Asia is expected to see continued growth this year, particularly driven by increasing demand from the food and beverage (F&B) sector and expanding manufacturing activities across the region.

Avocados Australia Inks Partnerships With Monash University Malaysia, University Of Wollongong Malaysia

PETALING JAYA, March 4 (Bernama) -- Avocados Australia Ltd, the national peak industry body representing Australia’s avocado growers, has formalised partnerships with Monash University Malaysia and the University of Wollongong (UOW) Malaysia.

APAC Commodity Issuers Likely To See Divergent Effects With Prolonged Iran Conflict - Fitch Ratings

KUALA LUMPUR, March 4 (Bernama) -- Asia-Pacific commodity issuers are likely to see divergent credit effects if the Iran conflict prolongs Gulf energy supply and shipping disruption, global credit rating agency Fitch Ratings said today.

Plantation And Commodities Ministry Aims RM32.8 Bln Timber Exports By 2030 - Noraini

KUALA LUMPUR, March 4 (Bernama) -- The Ministry of Plantation and Commodities (MPC) aims to consolidate RM32.8 billion in total timber exports by 2030 under the National Agri-Commodity Policy 2030 (DAKN 2030) and the New Industrial Master Plan (NIMP) 2030.

Upwind Expands Across APJ To Tackle Cloud Risk

KUALA LUMPUR, March 3 (Bernama) -- Upwind, the runtime-first cloud security leader, announced an expansion across Asia-Pacific and Japan (APJ), doubling down on its presence in India to meet escalating enterprise demand for real-time cloud and artificial intelligence (AI) security.

Strait Of Hormuz Closure May Sharply Tighten Crude Oil, LNG Supply – Akmal Nasrullah

KUALA LUMPUR, March 3 (Bernama) -- A temporary closure or restriction of the Strait of Hormuz could sharply tighten supply, pushing up global crude oil and liquefied natural gas (LNG) prices, Economy Minister Akmal Nasrullah Nasir said.

Powering Nation’s Progress: TNB’s FY2025 Growth Returns Value To Rakyat

KUALA LUMPUR, Feb 26 (Bernama) -- Tenaga Nasional Bhd (TNB) reaffirmed its commitment to driving Malaysia’s economic stability and providing long-term energy security, ensuring reliable power supply to homes, businesses and industries nationwide.

Wasco Bhd's FY2025 Net Profit Rises To RM160.5 Mln

KUALA LUMPUR, Feb 25 (Bernama) -- Wasco Bhd's net profit rose to RM160.54 million for the financial year ended Dec 31, 2025 (FY2025), from RM153.04 million in the preceding year.