Thursday 18 Apr 2024
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EVENING 5: Sapura Energy terminates first offshore wind farm contract

Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 

1. Loss-making Sapura Energy Bhd has decided to pull out of its first offshore wind farm project in Taiwan following a “material breach of contract”. 

2. Bank Negara Malaysia has reiterated that the Malaysian economy will expand between 5.5% and 6.5% this year. 

3. In amended filings, KPower Bhd has clarified that Grand Deal Vision Sdn Bhd had disposed of its share via a direct business transaction. 

4. Bursa Malaysia’s Technology Index was only minimally affected by the meltdown of Facebook’s parent company Meta Platforms Inc. 

5. Toyo Ventures Holdings Bhd has avoided suspension after it managed to issue its FY21 annual report. 
 

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