FBMKLCI 1510.58 DJ+47.98 CRUDE OIL 88.77 RM 3.101

Kencana Petroleum Bhd, with current order book of RM2 billion, plans to bid for contracts valued at four times more next year, said its group CEO Datuk Mokhzani Mahathir. 

KNM Group Bhd has on Dec 13 entered into a joint venture agreement with Petrosab Logistik Sdn Bhd to form a 51:49 joint-venture company known as KNM Petrosab Sdn Bhd (KNMP) to target oil and gas projects in Sabah.

Maybank yesterday announced that 88.6% of the total amount of shares that would have been issued under its dividend reinvestment plan will be issued to shareholders.

Proton Holdings Bhd's capital expenditure (capex) for Group Lotus plc's business turnaround plan of about £480 million (RM2.37 billion) over a five-year period was higher than expected, CIMB Investment Bank said in a research report.

YTL Power International Bhd is investing in oil shale projects in Jordan with the acquisition of a 30% stake in Eesti Energia’s Jordanian oil shale projects.

DRB-HICOM eyes firm deal with Russian truck maker. DRB-HICOM has inked a MOU on the possibility of manufacturing Kamaz trucks in Malaysia for the local market as well as in Asean. 

Digi.Com Bhd has entered into a 10-year wavelength purchase agreement and a maintenance and support deal collectively worth RM139mil with Time dotCom Bhd as a follow-up to the bandwidth service agreement signed between the two companies in April 2008.