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The share price is overwhelmed by the news of automotive inventory. But research tells me it isn’t just servicing the automotive but it covers others, wish to hear more from the c-suite if they could bring it out in the agm.
LNG, he said, is one of the activities using gas as feedstock.
"We have a lot of other derivatives from gas, for example, the methanol plant is one of them.
"As such, the port will no longer be just for LNG. There are a lot of by-products out of gas," he said.
The premier said the establishing of the supply base is an appropriate approach for the state government to help in regulating activities as a result of the state's gas reserves, both offshore and onshore Sarawak.
He noted that Sarawak has about 60 per cent of Malaysia's gas reserve offshore.
"There will be a lot of activities offshore because of the gas reserve and that exploration is still going on and there could be some new areaswhere we can explore and find more reserve," he said.
He said he believes that Bintulu Port will help to leapfrog the state's economy, not only in terms of supply base, but also for the export of products produced in the state.
KUALA LUMPUR (July 9): Malaysia’s liquefied natural gas (LNG) output and exports are poised for incremental growth, thanks to feed supply growth from new projects, according to BMI.
Projections indicate that Malaysia’s annual LNG production could rise to 32.5 million tonnes in 2024 from 31.3 million tonnes in 2023, the research unit of Fitch Solutions said in a statement. A key driver of the growth is the availability of feed gas for the Petroliam Nasional Bhd (Petronas) liquefaction plant in Bintulu, BMI noted.
US House of Representatives passed the Ukraine Security Act with 311-112 votes. All democrats & 101 reps voted for it. This also means that the President is allowed to seize Russian sovereign assets, central bank reserves, & transfer them to Ukraine.
Allianz SE strives to offer attractive dividends to its shareholders. The framework for this is determined by our net income and the need for an adequate capitalization.
The regular pay-out remains at 50% of Allianz Group net income (attributable to shareholders), however, adjusted for extraordinary and volatile items.
Many airlines around the world use the covid as a bargaining chip to force Airbus & Boeing to cut prices. The latter two appear to have shown their willingness to compromise, and there may be more similar problems in the short term. This will hit the profits of the aviation manufacturing industry. SAM must fight for more semiconductor business orders in order to relieve the poor performance of the aviation industry
