Datuk Joseph Ambrose Lee

Datuk Joseph Ambrose Lee Becomes BornOil’s Largest Shareholder

Borneo Oil Berhad (BornOil) executive director Datuk Joseph Ambrose Lee (pic above) has emerged as the company’s largest shareholder with a block purchase of 1,258,108,250 BornOil shares. In a filing to Bursa Malaysia this evening, the company said in a statement that Datuk Joseph had made the purchase for RM110 million, or RM0.088 per share. “BornOil has a solid asset […]

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Datuk Joseph Ambrose Lee
BornOil executive director Datuk Joseph Ambrose Lee said that the group has aspirations to be a global renewable energy player. The company also announced that he had acquired an additional 1 million shares on 1 Sept.

BornOil Posts Stunning Q4 Results with PBT Jumping 1,114%

Borneo Oil Berhad (BornOil) has announced a stellar set of results for its fourth quarter ended 30 June 2021, with profit before tax soaring more than 11 folds – or 1,114 percent – to RM35.41 million from the previous corresponding period (2020: RM3.18 million). This was on the back of revenue of RM15.82 million (2020: RM16.16 […]

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Ganesh Kumar Bangah

Netccentric Sees Strong H1 FY2021 With Revenue Up 60%

Malaysian social commerce platform provider Netccentric Ltd, listed on the Australian Securities Exchange and majority-owned by serial entrepreneur Ganesh Kumar Bangah (pic above), today reported a strong set of results for the half-year ended 30 June 2021 (H1 FY2021). Netccentric achieved revenue of S$5.23 million in H1 FY2021, up 60% compared to H1 FY2020 and driven […]

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SEEK Takes 10% Stake in JobKorea

SEEK Limited (SEEK), the Australian listed tech company which owns two leading online employment marketplaces JobStreet and JobsDB in Southeast Asia, today announced a USD 48 million (approximately RM203 million) investment in JobKorea, Korea’s largest online employment platform. As a result, SEEK will own a 10% stake, with SEEK Asia CEO Peter Bithos (pic above) joining JobKorea’s […]

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BornOil executive director Raymond Teo (left) and Verde Resources Incorporated president Balakrishnan Muthu (right).

BornOil Acquires 166m Shares in Verde Resoruces

In an announcement to Bursa Malaysia Securities today, Borneo Oil Berhad (Bornoil) said its indirect wholly-owned subsidiary, Borneo Energy Sdn Bhd (BOE), has entered into a sale and purchase agreement with Gold Billion Global Limited (GBG) for the disposal of technology assets and intellectual property rights for a total consideration of USD5 million. In return, BOE would […]

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Securities Commission Malaysia Reminds Investors To Always Be Careful with Social Media Influence

Regulators Urge Investor Caution on Social Media Influence

The Securities Commission Malaysia (SC) and Bursa Malaysia Berhad (Bursa Malaysia) are closely monitoring the local stock market in light of the current price surge of selected stocks in the US markets, fuelled by social media chatrooms against short-sellers. Malaysian investors are advised to be cautious of social media chatrooms that try to influence investors […]

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CEOs’ Business Confidence Shaken in The Wake of COVID-19 Crisis

According to the 2020 KPMG Global CEO Outlook report, only 22 percent of CEOs in Asia Pacific remain confident about the growth prospects of the global economy over the next three years (a significant drop from 67 percent in January 2020). But on a more positive note, CEOs are much more assured in the resilience of their […]

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Stock Market

SAP Intends Qualtrics IPO to Boost Market Potential

SAP SE (NYSE: SAP) recently announced its intent to take Qualtrics public through an initial public offering (IPO) in the United States. Qualtrics is the market leader and creator of the Experience Management (XM) category, a large, fast growing and rapidly evolving market. SAP intends to remain the majority owner of Qualtrics. SAP’s primary objective for […]

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BNM reduces OPR

BNM Reduces OPR to 1.75pc to Quicken Economic Recovery

Bank Negara Malaysia (BNM) has reduced the Overnight Policy Rate (OPR) by 25 basis points to 1.75 percent. BNM said the ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.00 percent and 1.50 percent, respectively. The central bank in a statement said the reduction in the OPR will provide […]

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