Business Times (Malaysia) articles from May 2012

Business Times (Malaysia) archives from May 2012

Sime: Stronger growth ahead.
May 31, 2012... Byline: Goh Thean Eu KUALA LUMPUR: SIME Darby Bhd, the world's biggest public-listed palm oil producer, set to achieve stronger earnings this year, thanks to the increasing palm oil demand as well as uptrend in crude palm oil (CPO) prices. ...

TM's revenue jumps 11pc to RM2.38b in 1st quarter.
May 31, 2012... KUALA LUMPUR: Telekom Malaysia Bhd (TM) said that its group revenue for the first quarter ended March 31 2012 rose 11 per cent year on year to RM2.384 billion from RM2.148 billion in the corresponding period last year. The growth was mainly...

Glomac near deal to sell complex en bloc.
May 31, 2012... KUALA LUMPUR: Glomac Bhd may ink an en bloc deal soon with an investor looking to buy its integrated commercial complex in Kelana Jaya, which has a gross development value (GDV) of close to RM300 million. The complex, which comprises a...

Malaysian capital mart needs spark to boost appeal.
May 31, 2012... KUALA LUMPUR: The slew of announcements at this year's Invest Malaysia underscored a growing sense that the capital market needs an edge as greater liberalisation sets in region. The plan for Bursa Malaysia Bhd to set up a foundation to...

Maybank IB wants to strike the right balance.
May 31, 2012... KUALA LUMPUR: MAYBANK Investment Bank Bhd (Maybank IB) is targeting at least 20 per cent growth in group profit for its financial year ending December 31 2012. Chief executive officer Tengku Datuk Zafrul Aziz said he aims to strengthen its...

'CPO prices will rebound'.
May 31, 2012... PLANTER Kuala Lumpur Kepong Bhd (KLK) is hopeful of palm oil prices bouncing back to RM3,300 a tonne, as orders for the food ingredient pile up in the face of tight global supplies. The third-month benchmark crude palm oil futures (CPO) on...

WCT bids for public infrastructure concessions.
May 31, 2012... KUALA LUMPUR: WCT Bhd, construction, engineering and property outfit, has bid for public infrastructure-related concessions in exchange for land deals from the government, through a public-private partnership (PPP). Through PPP, a government...

Mah Sing expects more foreign buyers.
May 31, 2012... KUALA LUMPUR: Mah Sing Group Bhd, Malaysia's second largest listed developer by sales value in 2011, expects more foreign buyers for its properties, and the driver will be the new 21 projects announced recently, with committed investment of...

Khazanah: Lots of potential in renewable energy market.
May 31, 2012... Byline: Roziana Hamsawi KUALA LUMPUR: There is definite potential for Malaysian companies to become regional leaders in the renewable energy space provided they understand the market and technology well, said Khazanah Nasional Bhd executive...

Petra Energy optimistic.
May 31, 2012... Byline: Goh Thean Eu KUALA LUMPUR: PETRA Energy Bhd, an oil and gas support services provider, believes the higher earnings it achieved in first quarter is sustainable, helped by encouraging demand for its services. The company, whose's...

Genting Q1 net profit falls 15pc to RM693.6m.(Financial report)
May 31, 2012... KUALA LUMPUR: Genting Bhd's net profit for the first quarter ended March 31 2012 fell 15 per cent to RM693.6 million from RM824.1 million a year before. Revenue in the same period was down 10 per cent to RM4.42 billion compared with RM4.8...

Pestech in lacklustre debut.
May 31, 2012... Byline: Ooi Tee Ching KUALA LUMPUR: Pestech International Bhd made a lacklustre debut on Bursa Malaysia yesterday when it fell three sen to 97 sen. There were 429,000 shares done. At the end of the day, Pestech's shares tumbled further to...

AirAsia banks on network.
May 31, 2012... Byline: Bilqis Bahari TOKYO: AIRASIA Bhd is confident of rapidly growing its operations in Japan via AirAsia Japan, although it faces competition from other low-cost carriers such as Peach Aviation and JetStar Japan. AirAsia group chief...

Alam Maritim bags Petronas Carigali contract.
May 31, 2012... KUALA LUMPUR: Alam Maritim Resources Bhd's (AMRB) wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, was awarded a RM121.54 million contract from Petronas Carigali Sdn Bhd to provide four work boats to support the latter's Peninsular Malaysia...

Plan to take Yeo Hiap Seng Malaysia private.
May 31, 2012... KUALA LUMPUR: Yeo Hiap Seng (Singapore) Pte Ltd (YHSS) plans to take Yeo Hiap Seng (Malaysia) Bhd (YHSM) private with a cash offer of RM3.60 per share. The parent company which owns 61.5 per cent of YHSM proposed to undertake a selective capital...

Perodua looking into rolling out more variants.
May 31, 2012... Byline: June Ramlee RAWANG: Perodua is looking at increasing its models to one or two more variants to boost its line-up in the near future. Its managing director Datuk Aminar Rashid Salleh said the second national car company was even...

Garuda to acquire A380 onlyafter airport is expanded.
May 31, 2012... Byline: Rupa Damodaran JAKARTA: Garuda, Indonesia's national carrier, is in no rush to secure the luxurious Airbus 380 aircraft. Not until the Soekarno Hatta International Airport in Jakarta is expanded at least, says its president and...

Bid to address growth gap.
May 30, 2012... Byline: Kamarul Yunus KUALA LUMPUR: BURSA Malaysia will set up a new foundation made up of key industry stakeholders to address any growth gap in the local capital market. Prime Minister Datuk Seri Najib Razak said the Capital Market...

Proton MD and CFO to leave in July.
May 30, 2012... KUALA LUMPUR: Proton Holdings Bhd yesterday confirmed the resignation of Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir as group managing director, with effect from July 4 2012. The national carmaker, in a statement, also announced the...

KL keen to be a member in TPP initiative.
May 30, 2012... MALAYSIA is committed to conclude the round of negotiations over the US-backed Trans-Pacific Partnership (TPP) programme, despite facing tough negotiations over outstanding issues, Prime Minister Datuk Seri Najib Razak said. "We are believers...

Hong Leong mulls raising stake in Bank of Chengdu.
May 30, 2012... HONG LEONG Bank Bhd is considering raising its shareholding in its China subsidiary, Bank of Chengdu Co Ltd (BOC), through an initial public offering (IPO), its chief said. BOC, a Sichuan-based city commercial bank, is planning an IPO on the...

Malaysia may raise bank ownership limit.
May 30, 2012... KUALA LUMPUR: MALAYSIA'S 30 per cent foreign ownership limit in local banks may be raised "in the near future" provided that there is reciprocity in the region, Prime Minister Datuk Seri Najib Razak said. "We're willing to look (at it). At...

SP Setia: Foreign ops to play a key role.
May 30, 2012... SP SETIA Bhd, the country's largest property developer, expects half of its sales to come from overseas projects in five years as it becomes an international property developer. The company anticipates overseas projects to contribute less...

YTL looking at sizeable M&As, fresh assets.
May 30, 2012... KUALA LUMPUR: CONGLOMERATE YTL Corp Bhd, which has net cash of RM14 billion, is looking at sizeable mergers and acquisitions (M&As), as well as acquiring new assets to grow its businesses. YTL group managing director Tan Sri Francis Yeoh...

MAEI: Electronics sector to grow by 3pc.
May 30, 2012... KUALA LUMPUR: The Malaysian American Electronics Industry (MAEI) expects the industry, which includes the semiconductor sector, to grow by 3 per cent this year. The growth will be supported by higher demand for laptops, mobile and smart...

Glovemakers hopeful of good profit.
May 30, 2012... KUALA LUMPUR: Rubber glovermakers are hopeful of good profits should latex prices slide further and the US dollar gains strength against the ringgit. Currently, natural rubber is being sold for around RM7.15 per kg. Supermax executive...

Halal sector to boost trade with Manila.
May 30, 2012... Byline: June Ramlee KUALA LUMPUR: Halal industry is one of the new areas of collaboration that can expand bilateral trade between Malaysia and the Philippines. Deputy Minister of International Trade and Industry Datuk Mukhriz Mahathir said...

DRB-HICOM's net profit soars to RM1b in Q4.(Financial report)
May 30, 2012... KUALA LUMPUR: DRB-HICOM Bhd's fourth quarter net profit soared to RM1 billion from RM72.4 million a year ago due to the recognition of negative goodwill of RM971.52 million from buying Proton Holdings Bhd. Revenue for the quarter ended March...

Amirsham is Mida's new chairman.
May 30, 2012... KUALA LUMPUR: Former banker Tan Sri Amirsham Abdul Aziz (picture) has been appointed as the new chairman of Malaysian Investment Development Authority (Mida) effective yesterday. Amirsham, who was Maybank president and chief executive officer...

IJM unveils RM11b township.
May 30, 2012... Byline: June Ramlee KUALA LUMPUR: IJM Land Bhd has launched its newest property development, called Bandar Rimbayu, which has an estimated gross development value of RM11 billion. Bandar Rimbayu is a mixed township on over 761ha land in...

Metrarama buying land for RM15m.
May 30, 2012... KUALA LUMPUR: Amtel Holdings Bhd (AHB)'s wholly-owned unit, Metrarama Sdn Bhd, has agreed to buy 4,252-sq-m freehold industrial land in Shah Alam from Ng Yoke Teng & Sons Sdn Bhd for RM15 million. Amtel plans to house all its major offices...

New approach to Asean economic unity needed.
May 30, 2012... Byline: Rupa Damodaran JAKARTA: A NEW approach to the Asean economic integration is needed to unleash the potential of intra-regional trade as drivers of economic growth. World Bank economist Shubham Chaudhuri said with the global economy...

PJBumi unit to sell stake in Alam Flora.
May 30, 2012... KUALA LUMPUR: PJBumi Bhd's wholly-owned subsidiary, PJBumi Waste Management Sdn Bhd, has entered into a conditional share sale agreement to sell its 15.79 per cent stake, or 12 million RM1 shares, in Alam Flora Sdn Bhd to HICOM Holdings Bhd for...

Govt strong supporter of branding.
May 30, 2012... KUALA LUMPUR: The government is a strong supporter of the private sector's efforts in branding as the country itself commands a strong brand internationally. Minister of International Trade and Industry Datuk Seri Mustapa Mohamed said the...

Benalec gets RM67m job from TNB Fuel.
May 30, 2012... KUALA LUMPUR: Benalec Holdings Bhd's wholly owned unit, Benalec Sdn Bhd, was awarded a RM67.4 million contract of affreightment by TNB Fuel Services Sdn. Bhd. The contract period will be for a principal of three years starting on May 1, with an...

Offer of PR status from the PM himself.
May 30, 2012... KUALA LUMPUR: Prime Minister Datuk Seri Najib Razak provided a light moment at the Invest Malaysia conference yesterday with his impromptu offer of a permanent residence status to a German businessman. Bernhard Schutte, chairman of KL-based...

KPJ on the lookout to acquire more hospitals.
May 30, 2012... KUALA LUMPUR: KPJ Healthcare Bhd, which is actively on the lookout to acquire hospitals in the Asean region, hopes to conclude at least one deal by end of this year. Managing director Datin Paduka Siti Sa'diah Sheikh Bakir said apart from...

Ensuring competitive capital mart.
May 30, 2012... MALAYSIA'S plan to set up a foundation to address gaps in the capital market is meant to increase its competitiveness even as it looks to its next stage of growth, Bursa Malaysia Bhd's chief said. "We'll soon gather all market participants to...

RHBCap to buy OSK Investment Bank for RM1.95b.
May 29, 2012... Byline: Adeline Paul Raj KUALA LUMPUR: RHB Capital Bhd (RHBCap) will buy OSK Holdings Bhd's investment bank for RM1.95 billion in a move that would propel the RHB group to become the country's largest investment bank by assets. The group...

Foreign interest in RM48b project.
May 29, 2012... Byline: Roziana Hamsawi KUALA LUMPUR: GUOCOLAND (M) Bhd, the property arm of the Hong Leong group, hopes to start in 18 months work on the estimated RM48 billion Sepang International City, which is among the 21 new Economic Transformation...

BIMB's Q1 pre-tax rises 16.2pc.
May 29, 2012... KUALA LUMPUR: BIMB Holdings Bhd profit before tax for the first three months of the year rose to 16.2 per cent, compared to the corresponding period last year. For the first three months of the year, the company's profit before tax and zakat...

OSK to look for other businesses.
May 29, 2012... Byline: Adeline Paul Raj KUALA LUMPUR: OSK Holdings Bhd plans to maintain its listed status and look for other businesses to embark on once it sells off its investment bank, its founder says. The group will be without a core business once...

Bumi Armada in joint bid for 4 marginal field deals.
May 29, 2012... Byline: Kamarul Yunus KUALA LUMPUR: Bumi Armada Bhd, a Malaysia-based international offshore oil field services provider, has submitted bids for four marginal fields under the next round of bid to develop such fields offshore Malaysia. ...

Boustead Q1 earnings up.(Financial report)
May 29, 2012... KUALA LUMPUR: BOUSTEAD Holdings Bhd's first quarter profit rose 29 per cent to RM144.6 million from RM112.2 million a year ago. This was mainly driven by higher profits in its pharmaceutical, property and banking businesses. In its filing...

Petronas signs improved PSC with Talisman.
May 29, 2012... Byline: Kamarul Yunus KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has signed a new improved production sharing contract (PSC) with Talisman Malaysia Ltd and Petronas Carigali for the continuing production, further development and improved...

Mah Sing Q1 net soars on Greater KL projects.
May 29, 2012... Byline: Sharen Kaur KUALA LUMPUR: MAH SING Group Bhd, one of the country's top developers, said its first quarter net profit surged by 46 per cent to RM59.9 million on the back of a 47 per cent growth in revenue to RM457.7 million. The...

Petronas to manage Prince Court on its own.
May 29, 2012... Byline: Vasantha Ganesan KUALA LUMPUR: PETROLIAM Nasional Bhd, the national oil and gas company, has decided to manage the Prince Court Medical Centre (PCMC) here on its own and will make its interim chief permanent. The hospital, which...

Shin Yang bags RM166.3m shipping deals.
May 29, 2012... KUALA LUMPUR: Shin Yang Shipping Corp Bhd's wholly-owned unit, Shin Yang Shipyard Sdn Bhd, has won two RM166.3 million shipping contracts from Belait Shipping Co (B) Sdn Bhd, a company incorporated in Brunei. The company told Bursa Malaysia...

PNS managing director is Syed Kamarulzaman.
May 29, 2012... KUALA LUMPUR: In our article entitled "Perbadanan Nasional aims to develop more franchise entrepreneurs", published yesterday, the managing director of Perbadanan Nasional Bhd is Syed Kamarulzaman Syed Zainal Khodki Shahabudin, and not as...

ExxonMobil contract for Alam Maritim.
May 29, 2012... KUALA LUMPUR: Alam Maritim Resources Bhd's wholly-owned unit, Alam Maritim (M) Sdn Bhd has won a RM125.6 million contract from ExxonMobil Exploration and Production Malaysia Inc. The contract value combines the Charter Party Agreement signed...

It's ticking along nicely.
May 29, 2012... Byline: June Ramlee SEPANG: BLANCPAIN, which makes some of the most coveted watches in the world, expects to see good growth in sales of its luxury timepieces in Southeast Asia, including Malaysia and Singapore. Its vice-president, Jalil...

Scomi posts RM23m pre-tax profit in Q1.(Financial report)
May 29, 2012... KUALA LUMPUR: Scomi Group Bhd has achieved a profit turnaround for the first quarter ended March 31 2012, thanks to gross margin improving to 24.2 per cent, as compared with 13.7 per cent in the last quarter of 2011. The group posted a...

KL-Singapore high-speed rail link gaining traction?
May 29, 2012... Byline: Sim Bak Heng IT LOOKS like there's going to be war between sky and land, if the second technical study being conducted by the Land Public Transport Commission (SPAD) finds it feasible to give the Kuala Lumpur-Singapore high-speed rail...

SYF unit buys machinery for US$4.46m.
May 29, 2012... KUALA LUMPUR: SYF Resources Bhd's wholly-owned unit, Great Platform Sdn Bhd, has acquired production machinery for US$4.46 million (RM14 million) from Linyi Xingteng Wood-Based Panel Machinery Co Ltd as part of its new plant set up in Gemas. The...

'Indonesia not inward looking'.
May 29, 2012... Byline: Rupa Damodaran JAKARTA: INDONESIA'S recent policies to cap foreign ownership in its banking sector and restrictions in the mining sector should be not be misconstrued as inward looking, said Trade Minister Gita Wirjawan. "We want...

Felda Global eyes top 5 spot.
May 28, 2012... Byline: Zaidi Isham Ismail; Bilqis Bahari KUALA LUMPUR: FELDA Global Ventures Holdings Bhd aims to be among the world's top five giants in upstream and downstream commodity businesses by 2020, doubling its revenue and profit in the next eight...

Companies, engage more with media.
May 28, 2012... Byline: Zaidi Isham Ismail PUBLIC-listed companies must engage more with the public and the media by holding regular briefings or risk leaving investors in the dark on their latest business ventures or stellar financial performance. ...

CSL, China Post in envelope talks.
May 28, 2012... Byline: Francis Fernandez KUALA LUMPUR: Chinese Stationery Ltd (CSL) is believed to be in talks with China Post to supply the postal company with polypropylene envelopes, people familiar with the matter said. Business Times understands...

Another volatile week expected.
May 28, 2012... Byline: Adeline Paul Raj IT is expected to be yet another volatile week in the local stock market, with investors keeping a close watch on a potential Greek exit from the eurozone - news that spooked global markets last week. At home, eyes...

Vale to tender out up to US$400m more jobs.
May 28, 2012... Byline: Kamarul Yunus PETALING JAYA: VALE S.A., the world's largest iron ore exporter, has so far tendered out contracts worth over US$700 million (RM2.22 billion) to winning bidders, with half of the value of those contracts awarded to...

Extra Space sees room for expansion.
May 28, 2012... Byline: Goh Thean Eu KUALA LUMPUR: Extra Space Malaysia Sdn Bhd, a self storage operator, is on expansion mode as it plans to set up two to three more storage facilities in the country over the next few years. The company, which made its...

Kha Seng eyes Kenanga repeat.
May 28, 2012... Byline: Sharen Kaur KUALA LUMPUR: KHA Seng Group will be seeking to replicate the success of its investments in Kenanga Wholesale City (KWC) and Viva Home shopping Mall but the immediate focus is to complete Vivatel, a four-star boutique...

MPHB not planning to go big in real estate.
May 28, 2012... KUALA LUMPUR: Multi-Purpose Holdings Bhd (MPHB), a gaming outfit, have no plans to go big in real estate but will continue its joint venture development projects with Bandar Raya Developments Bhd (BRDB). The joint venture with property...

31 firms qualify to tender for jobs worth RM791m.
May 28, 2012... KUALA LUMPUR: Thirty-one companies have been pre-qualified to tender for five systems works packages valued at RM791 million for the country's Mass Rapid Transit (MRT) rail project. The tenders for the project, linking Sungai Buloh and...

Sideways to lower trading bias likely.
May 28, 2012... Byline: Kaladher Govindan BURSA Malaysia shares stayed mostly in rangebound trade last week despite confidence in the region being rattled by a stream of negative news across the globe, which was reflected in MSCI Asia Pacific Index's 0.8 per...

Gopeng set to stage technical rebound.
May 28, 2012... Byline: S.N. Lock FOLLOWING technical pullbacks over the last two weeks, share prices on Bursa Malaysia managed to outperform the Hong Kong and Tokyo stock markets last week. Hong Kong and Tokyo stock markets registered losses of 1.26 per...

Perbadanan Nasional aims to develop more franchise entrepreneurs.
May 28, 2012... Byline: Cheryl Yvonne Achu KUALA LUMPUR: Some people are contemplating making it out on their own, whether forced by uncertainty in economy, unpredictable career prospects or constantly being frustrated with the job market. For some,...

A man behind every woman's success?
May 28, 2012... Byline: Hafsah Hashim WHEN they say "what a man can do, women can do better", some might agree while some might violently object to it. Thanks to the stereotype that advocates that women are inferior to men, women are bad drivers, etc etc,...

TNB set to save RM1.2b in PPA payments.
May 26, 2012... Byline: Zaidi Isham Ismail KUALA LUMPUR: Tenaga Nasional Bhd is expected to register around RM1.2 billion, or 46 per cent, in cost savings on the capacity payments it makes under the first-generation power purchase agreements (PPAs), which...

Proton suspends Lotus chief.
May 26, 2012... Byline: Francis Fernandez KUALA LUMPUR: PROTON Holdings Bhd has suspended British sportscar maker Group Lotus PLC chief executive officer Dany Bahar with immediate effect. The decision was made following a board meeting here yesterday,...

Are gold, equities the safer bets?
May 26, 2012... Byline: Francis Fernandez FOR two years, Greece has, as one might say, held a gun to the head of the global financial system, and now in the eleventh hour, Germany is holding a loaded gun to Greece's head. On Wednesday, Germany's central...

Affin nets RM166m, to adopt 50pc dividend policy.
May 26, 2012... Byline: Adeline Paul Raj KUALA LUMPUR: Banking group Affin Holdings Bhd reported better-than-expected first quarter earnings and said it would adopt a dividend policy to pay out at least half of its net profit each year. Such payouts would...

Bursa reprimands three for manipulative dealings.
May 26, 2012... KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded, fined and suspended three dealer's representatives (DRs) for engaging in manipulative dealing activities in the securities of Ideal Jacobs (Malaysia) Corporation Bhd (IJacobs)...

IOI on prowl for more oil palm estates in Indonesia.
May 26, 2012... Byline: Ooi Tee Ching KLUANG: IOI Corp Bhd, which now has RM3 billion in cash reserves, is on the prowl to acquire more oil palm estates in Indonesia. "We're always looking at opportunities to increase our plantation landbank. This...

Lamborghini sales here expected to triple.
May 26, 2012... Byline: Goh Thean Eu SHAH ALAM: Appetite for luxury supersports car Lamborghini is expected to grow further in Malaysia this year as its sole dealer and distributor anticipates sales to almost triple this year. Lamborghini cars are sold in...

Samchem to build new plant in Ipoh next year.
May 26, 2012... Byline: June Ramlee SHAH ALAM: Chemical distributor Samchem Holdings Bhd will build a new plant in Ipoh next year to meet the anticipated increase in demand for chemicals, its top executive said. Executive director Chooi Chok Khooi said...

BRDB: Asset disposal plan still on.
May 26, 2012... Byline: Sharen Kaur KUALA LUMPUR: Bandar Raya Develoment Bhd's (BRDB) planned disposal via tender of its 100 per cent stake in BR Property Holdings Sdn Bhd (BRPH) and selected investment properties for more than RM900 million is still...

Transformation strategy.
May 26, 2012... Byline: Bilqis Bahari KUALA LUMPUR: PANASONIC Malaysia Sdn Bhd plans to increase its business-to-business (B2B) sales ratio in the domestic market as part of its transformation plan. Managing director Jeff WL Lee said currently its...

KFCH set to open up to 17 new outlets this year.
May 26, 2012... Byline: Roziana Hamsawi KUALA LUMPUR: KFC Holdings (M) Bhd (KFCH) will open between 15 and 17 new outlets this year to add to its current 542 outlets nationwide. Investment of between RM1 million and RM4 million will be allocated for each...

BMW Group launches new 4S centre in Setia Alam.
May 26, 2012... Byline: Roziana Hamsawi SHAH ALAM: BMW Group Malaysia yesterday launched Wheelcorp Premium, the latest BMW 4S (sales, service, spare parts and systems) dealership in Bandar Setia Alam and the Klang area. Managing director Geoffrey Briscoe...

UEM Land Q1 pre-tax profit up at RM54.3m.(Financial report)
May 26, 2012... KUALA LUMPUR: UEM Land Holdings Bhd recorded higher profit before tax of RM54.3 million for the first quarter ended March 31 2012 from RM17.6 million in the preceding year corresponding quarter. Revenue increase to RM303.7 million from RM187.6...

Market may slip back into consolidation mode.
May 26, 2012... Byline: S.N. Lock SHARES on Bursa Malaysia bucked the regional stock markets' trend last week. The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) rebounded over the week when it hit its intra-week high of 1,552.48 level...

Gas Malaysia IPO price set at RM2.20 a share.
May 26, 2012... KUALA LUMPUR: The institutional price and final retail price of Gas Malaysia Bhd's initial public offer has been set at RM2.20 a share, after the closing of the book building exercise for the institutional offering. Balloting of the...

Daya Materials, Aussie firm to make joint bid.
May 26, 2012... KUALA LUMPUR: Daya Materials Bhd has signed a memorandum of understanding with Australian-based oil and gas service provider Hydra Energy Pty Ltd to jointly bid for a risk service contract covering the development of certain identified fields in...