profit

Petronas’ profit drops 32% to RM55.1 bil for FY2024 due to unfavourable prices

Another contributing factor was national oil firm’s divestment of the Engen Group amidst unfavourable foreign currency exchange

Resolve ‘threats’ facing hotel industry before allowing 23-hour stays: association

The Malaysia Budget and Business Hotel Association says the industry faces foreign labour shortage, unregulated short-term rentals

Tourism minister urges hotel operators to provide 23-hour stays

KUALA LUMPUR – Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing has urged hotel operators to adjust their check-in and check-out times to ensure that guests enjoy a minimum of 23...

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Petronas staff to be shown the door to make up losses from Petros deal?

Source claims national O&G firm is expected to see 30% revenue loss once agreed formula for natural gas distribution in Sarawak is implemented

FashionValet a loss-making entity before and after Khazanah, PNB’s RM47 mil investment

GLICs bought stakes in 2018, company records show total RM103.3 million losses after tax from 2017 to 2022

[UPDATED] Petronas confirms ongoing productivity reviews to ‘eliminate inefficiencies’

Responding to Scoop, industry giant said it aims to become ‘operationally focused, commercially agile and cost-efficient’, but did not clarify if it is linked to Petros deal

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