Dayang Enterprise, a Malaysian company, has secured two contracts from Petronas Carigali for offshore maintenance, construction, modification, and hook-up services in Malaysia. The contracts are for five years with extension options up to 10 years, with an estimated total value of RM3bn ($675m) according to Public Investment Bank Berhad. Additionally, Dayang recently secured a similar $225m services deal with Shell for the first five years.
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China races to stockpile US chips before Trump ramps up sanctions
China is increasing its efforts to stockpile microchips from the US to prepare for potential sanctions from the incoming administration of president-elect Donald Trump, with purchases reaching US$1.11 billion in October, a 60 per cent increase from last year. China has imported US$9.61 billion of microchips from the US over the first 10 months of the year, focusing on CPU-based processors and controllers, as well as chips for storage and signal amplification, to meet its...
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