<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 3): MIDF Research has maintained its “Positive” rating on the oil and gas sector and said crude oil prices continued to be suppressed by global supply pressure.</p></div>

<div class=newsTextDataWrapInner><p>In a note Wednesday, the research house said it is expecting global crude oil price to average between US$75-US$85per barrel in 2015.</p></div>

<div class=newsTextDataWrapInner><p>“Despite the negative sentiments on crude oil prices, we are expecting local offshore activities to remain resilient.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Reiterate “Positive” on sector moving into 2015,” it said.</p></div>

<div class=newsTextDataWrapInner><p>The research house however advised investors to be selective on oil and gas stocks.</p></div>

<div class=newsTextDataWrapInner><p>“We are advocating stocks with (i) strong orderbooks, (ii) diversified sources of income, and (iii) long burn rates.</p></div>

<div class=newsTextDataWrapInner><p>“Companies with strong orderbooks and long burn rates would be more resilient against violent fluctuations in industry sentiments, crude oil prices and during quiet periods of new contracts scarcity.</p></div>

<div class=newsTextDataWrapInner><p>“In addition, due to the global nature of the oil and gas industry, geopolitical risks remain a concern,” it said.</p></div>


KUALA LUMPUR (Dec 3): MIDF Research has maintained its “Positive” rating on the oil and gas sector and said crude oil prices continued to be suppressed by global supply pressure.

In a note Wednesday, the research house said it is expecting global crude oil price to average between US$75...

Crude oil to average US$75-85 per barrel in 2015, says MIDF Research 

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Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.

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Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.

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Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.

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PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.

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A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

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The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

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<p>A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.</p>


<p>A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.</p>


<p>Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.</p>


<p>Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.</p>


<p>The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.</p>


Ringgit likely to trade around 4.78 versus greenback next week

<p>Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.</p>


<p>Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".</p>


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<p>The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.</p>


<p>PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.</p>


<p>Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...