KUALA LUMPUR, May 19 (Bernama) — PETRONAS through its subsidiary, PETRONAS Suriname Exploration & Production B.V. (PSEPBV), has completed the farm-down of 50 percent of its participating interest to ExxonMobil Exploration and Production Suriname B.V. (ExxonMobil) from a 100 percent participating interest in Block 52, offshore Suriname. Block 52 is located…

WASHINGTON, May 19 (Bernama-BUSINESS WIRE) — EIG Global Energy Partners (EIG) announced today the successful final close of EIG Global Project Fund V (GPF V or the Fund) with total commitments of $1.1 billion, nearly 50% higher than the Fund’s $750 million target. EIG also raised an additional $1.5 billion of…

KUALA LUMPUR, Malaysia, May 19 (Bernama-PRNewswire) — Eastspring Investments Berhad (“Eastspring”) announced the launch of the Eastspring Investments Global Balanced Target Return Fund (“Fund”). With a fund of fund strategy, the newly launched fund invests in a diversified portfolio of local and foreign Collective Investment Schemes (“CIS”) with exposure to…

KUALA LUMPUR, May 19 (Bernama) —  Malaysia’s early stage start-ups influencer, Cradle Fund Sdn Bhd (Cradle) yesterday announces the appointment of Puan Rafiza Ghazali as the Group Chief Executive Officer (CEO) with effect from June 1, 2020. Rafiza brings a wealth of experience in Strategy, Innovation, Finance and Business Management. She…

RENSSELAER, N.Y., May 19 (Bernama-GLOBE NEWSWIRE) — Taconic Biosciences, a global leader in providing drug discovery animal model solutions, announces the successful implementation of its Rapid Restart™ program.  Launched over a month ago, Taconic was the first animal model provider in the industry to provide researchers with a program specifically…

KUALA LUMPUR, May 19 (Bernama) — Following the sharp decline of petroleum product prices and lower demand impacted by the implementation of Movement Control Order (MCO) in the second half of March 2020, PETRONAS Dagangan Berhad (PDB) recorded a Loss Before Tax of RM18.4 million for the financial period ended 31st…

SINGAPORE, May 19 (Bernama-BUSINESS WIRE) — Multi-award-winning AI and Big Data technology leader Fusionex has clinched a contract with one of the region’s largest oil and gas companies to implement a data-driven digital platform to enhance customer experience. The client is a global energy company, ranked amongst the largest corporations on…

KUALA LUMPUR, May 18 (Bernama) — Malaysia’s leading integrated indoor environmental specialist, ENVIRO Group Asia has successfully done surface sanitisation and decontamination programs covering more than 7,000,000 sqft of both commercial and residential building spaces in efforts to contain the spread of the Covid-19 outbreak in the country. Indoor Air…

BUTTERWORTH, May 18 (Bernama) — The COVID-19 pandemic has proven to affect performance, communications and collaborations. Businesses, especially SMEs must adapt and leverage on technology in restarting their operations. Operion Ecommerce & Software Sdn Bhd is conducting free online workshop on e-commerce website to help companies affected by COVID-19 crisis to…

BOSTON & HONG KONG, May 18 (Bernama-BUSINESS WIRE) — TA Associates, a leading global growth private equity firm, today announced that it has signed a definitive agreement to make a strategic growth investment in Honan Insurance Group (“Honan”), a leading commercial insurance broker. Honan’s Group CEO and Executive Director, Damien…