Auckland International Airport Limited secures massive NZ$1.2bn in record time! What does this mean for future travel?

By on    Auto and Transport Industry News  

Auckland International Airport Limited secures massive NZ$1.2bn in record time! What does this mean for future travel?

Auckland International Airport Limited has successfully completed a significant financial maneuver by raising NZD 1.2 billion through a fully underwritten placement. This move, announced on 16 September 2024, saw strong support from both local and international investors, demonstrating confidence in the airport’s future growth prospects. The placement was fully subscribed at an offer price of […]

PETRONAS revenue up, profit down as foreign exchange boosts revenue, but higher taxes hit profit

By on    Energy Industry News  

PETRONAS revenue up, profit down as foreign exchange boosts revenue, but higher taxes hit profit

PETRONAS, Malaysia’s state-owned energy giant, reported a revenue increase to RM171.7 billion (approximately USD 36.06 billion) for the first half of 2024 (1H 2024), up from RM169.0 billion (USD 35.49 billion) during the same period last year. This slight rise was primarily driven by the impact of foreign exchange rates, partially offset by lower average […]