RE: Blue day rising30 Jul 2024 09:41
“Recent developments alongside leadership changes suggest PETRONAS is going all out on its overseas ventures. The developments might have given rise to concerns on local capex cuts, especially on Sarawak projects,” it said.
Although things are “business as usual”, there has been a decline in business enquiries (for future local tenders), suggesting that activity is slowing,” the research house stated in its sector report.”
Declining local tenders means potentially no other bids?