15/09/2026

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BIZ & FINANCE TUESDAY | SEPT 15, 2026

Brent crude prices to stay elevated in Q4: HLIB KUALA LUMPUR: Brent crude will remain elevated in the fourth quarter of 2026, trading between US$95 and US$100 per barrel towards the year-end, supported by persistent Strait of Hormuz disruptions, rising risks in the Bab el-Mandeb Strait and constrained West Asia exports, said Hong Leong Investment Bank (HLIB) yesterday. HLIB has maintained US$75 per barrel for 2027 and noted that alternative routes were also tightening, with Saudi’s East-West Pipeline disruption and subdued Red Sea traffic limiting crude rerouting. “The upcoming US midterm elections could add volatility to Brent prices. Hence, we raise our 2026 Brent assumption to US$90 per barrel from US$80, while maintaining US$75 per barrel for 2027,”it said in a research note. At the time of writing, Brent crude jumped 2.93% to US$107.70 per barrel, after Saudi Arabia shut the East-West pipeline after drone attacks on the facility. Brent surged past US$100 per barrel on Sept 10, after escalating tensions in West Asia raised concerns over simultaneous disruptions at the straits of Hormuz and Bab-el-Mandeb. Over the weekend, Saudi Arabia reported that its 1,200km East-West pipeline, a crucial alternative route to bypass the Strait of Hormuz, was temporarily shut after drone attacks, reportedly launched from Iraq. The pipeline has a total capacity of seven million barrels per day, of which five million barrels per day is available for exports and two million barrels per day supplies domestic refineries. “This has raised fresh concerns over the Strait of Hormuz’s alternative route at the Red Sea and Bab el-Mandeb. Yanbu’s exports fell to a six-month low of 1.43 million barrels per day versus 3.9 million in the prior three months,” said HLIB. Global oil deficit widened sharply to 4.1 million barrels per day in August 2026 from just 0.1 million barrels per day in July 2026. It is expected to widen to 4.8 million barrels per day in September 2026, driven by West Asia supply disruptions, with regional production down 7.8% month-on-month (m-o-m). HLIB said Kazakhstan’s higher output (+10% m-o-m) and the US’ (+0.4% m-o-m) have partly offset this.

United Asiapac Energy in flat debut on ACE Market

KUALA LUMPUR: United Asiapac Energy Bhd, an established player in Malaysia’s upstream oil and gas industry specialising in well intervention solutions, yesterday premiered on the ACE Market of Bursa Malaysia Securities Bhd, starting at 35 sen per share on its trading debut. At the opening bell, a total of 2,376,500 shares were traded. Managing director Ahmad Fadzuli Ali expressed his pride in the group’s debut on the ACE Market stating, “Today marks a major milestone as we debut on the ACE Market of Bursa Securities. This listing represents a significant step forward for United Asiapac Energy as a Malaysia-based provider of specialised well intervention services.” He said their company has operational bases in Kemaman and Labuan, giving them a mobilisation edge that internationally based competitors cannot match. As Malaysia’s offshore wells continue to mature, he added, demand for well integrity, fishing and plug-and-abandonment (P&A) work continues to grow, as driven by safety and regulatory requirements rather than oil price cycles, which gives their business a resilient foundation through market cycles. Backed by strong fundamentals, a track record of more than 200 completed projects since 2021, and their plans to expand their equipment fleet and specialist workforce, they are confident that yesterday’s listing marked the beginning of an exciting new chapter for United Asiapac Energy, said Ahmad Fadzuli. He added that they are excited by the encouraging response to their IPO, which was oversubscribed by more than 21 times. “With this support, we have raised RM47.83 million to help the group boost our market presence and further expand our business,” he said. Based on United Asiapac Energy’s enlarged issued share capital of 550 million shares and the IPO price of 35 sen per share, the group’s total market capitalisation is about RM192.5 million. In a statement, the company said that the proceeds to be raised from the IPO will enable them to fund its next phase of growth. United Asiapac Energy has earmarked 47.74% of the proceeds to finance the purchase of well intervention tools and equipment; 11.29% for acquisition of a new corporate office; 10.83% for expansion of workforce; 5.83% for repayment of bank borrowings; and 4.93% for o Counter opens at 35 sen, unchanged from IPO price of the Port Operation Concession Agreement. “The Ministry of Infrastructure and Port Development, Sarawak, vide letter reference MIPD/700-12/1/1(47) on June 23, has notified BPSB, a wholly owned subsidiary of BPHB, that the government has approved in principle the appointment of BPSB as the approved port operator for Bintulu Port under Section 12(2)(a) of the Port Authorities Ordinance, 1961,” it said. It added that the transition will not affect the day-to-day operations of Bintulu Port or the continuity of services to customers, port users and other stakeholders. It said BPSB remains the operator of Bintulu Port and all port operations and services will continue without any interruption. – Bernama

From left: TA Securities Holdings Bhd executive director of dealing Shaari Mat Hussin, United Asiapac Energy Bhd independent non-executive directors Datuk Aureen Jean Nonis and Datuk Dr Yacob Mustafa, executive director Datuk Mat Noor Nawi, Ministry of International Trade, Industry and Investment Sarawak adviser (SME) Datuk Seri Mohd Naroden Majais, Ahmad Fadzuli, United Asiapac Energy Bhd independent non-executive chairman major general (B) Datuk Mamat Ariffin Abdullah, Deputy Economy Minister Datuk Seri Mohd Shahar Abdullah, Teraju CEO Junady Nawawi, United Asiapac Energy Bhd executive director/chief corporate officer Ng Her Yinn, independent non-executive director Datuk Stephen Cheah Kim Seng and executive director/chief people officer Zaleha Che Mustapha.

that help its clients maintain well integrity, optimise production and safely decommission wells. The company’s fishing services remove stuck or damaged equipment and debris from wells, while its P&A services safely seal wells that are no longer productive. It also provides sidetracking services to access new production zones or bypass damaged sections of wells. TA Securities Holdings Bhd is the principal adviser, sponsor, underwriter and placement agent of the IPO.

the recruitment of engineers to support the introduction of new well intervention solutions. The remaining proceeds will be utilised for working capital and IPO-related expenses. Supporting upstream oil and gas operators across the entire lifecycle of a hydrocarbon well, United Asiapac Energy delivers specialised well intervention solutions for exploration and drilling, production, mature field operations, as well as P&A. The company’s main services include fishing, P&A and sidetracking, alongside other specialised well intervention solutions

PERISYTIHARAN JUALAN DALAM MAHKAMAH TINGGI MALAYA DI PULAU PINANG PERMOHONAN UNTUK PERLAKSANAAN NO: PA-38-1052-06/2026

PERISYTIHARAN JUALAN DALAM MAHKAMAH TINGGI MALAYA DI PULAU PINANG PERMOHONAN UNTUK PERLAKSANAAN NO: PA-38-1104-07/2026

Dalam perkara mengenai Seksyen 256 dan 257 Kanun Tanah Negara, 1965 Dan

Dalam perkara mengenai Gadaian Perserahan No: 0799SC2015007378 (bertarikh : 24/02/2015) ke atas semua bahagian tanah yang dipegang di bawah Geran No. Hakmilik: 114122, Lot 3787 Seksyen 4, Mukim Bandar Butterworth, Daerah Seberang Perai Utara, Pulau Pinang Dan Dalam perkara mengenai Aturan 83 Kaedah-Kaedah Mahkamah, 2012

Dalam perkara mengenai Gadaian Perserahan No: 0799SC2013011301(bertarikh: 07/02/2013) ke atas semua bahagian tanah yang dipegang di bawah Geran No. Hakmilik: 110510, Lot 4383, Mukim Bandar Tanjong Bungah, Daerah Timor Laut, Pulau Pinang Dan Dalam perkara mengenai Aturan 83 Kaedah-Kaedah Mahkamah, 2012

ANTARA

Public Bank Berhad (No. Syarikat : 6463-H)

...PLAINTIF

DAN Thamotharan a/l Tharumalingam (No. Kad Pengenalan : 790103025219)

DAN Ooi Soo See (No. Kad Pengenalan : 630624075710)

...DEFENDAN

Menurut Perintah Mahkamah Tinggi Malaya di PULAU PINANG mengenai Perintah Jualan dan Perintah bertarikh 8 Oktober 2025 dan 5 Ogos 2026 , adalah dengan ini diisytiharkan bahawa Timbalan Pendaftar/Penolong Kanan Pendaftar Pusat Operasi e-Lelong di Kuantan AKAN MENJUAL SECARA LELONG AWAM Pada Hari Isnin, 12 Oktober 2026, Pada Jam 11:00 pagi, SECARA ELEKTRONIK DI LAMAN WEB e-LELONG, PUSAT OPERASI e-LELONG, KOMPLEKS MAHKAMAH KUANTAN, PAHANG DARUL MAKMUR NOTA: Bakal pembeli adalah dinasihatkan agar membuat carian Hakmilik secara rasmi di Pejabat Tanah dan memeriksa semua tanggungan, bebanan serta mengenal pasti dengan tepat hartanah tersebut sebelum jualan lelongan dijalankan.

Menurut Perintah Mahkamah Tinggi Malaya di PULAU PINANG mengenai Perintah Jualan dan Perintah bertarikh 9 Mei 2025 dan 4 Ogos 2026 , adalah dengan ini diisytiharkan bahawa Timbalan Pendaftar/Penolong Kanan Pendaftar Pusat Operasi e-Lelong di Kuantan AKAN MENJUAL SECARA LELONG AWAM Pada Hari Rabu, 7 Oktober 2026, Pada Jam 11:00 pagi, SECARA ELEKTRONIK DI LAMAN WEB e-LELONG, PUSAT OPERASI e-LELONG, KOMPLEKS MAHKAMAH KUANTAN, PAHANG DARUL MAKMUR NOTA: Bakal pembeli adalah dinasihatkan agar membuat carian Hakmilik secara rasmi di Pejabat Tanah dan memeriksa semua tanggunqan, bebanan serta mengenal pasti dengan tepat hartanah tersebut sebelum jualan lelongan dijalankan.

“Another alarming data is that West Asia crude production shut-ins rose to 6.7 million barrels per day in August 2026 from 5 million in July 2026, reflecting persistent constraints on regional exports and damaged energy infrastructure,” it added. – Bernama Bintulu Port officially transitions from federal port to state port

Sila layari https://elelong.kehakiman.gov.my/bidderweb

BUTIR-BUTIR HAKMILIK: No. Hakmilik

: Geran No. Hakmilik: 114122

: Geran No. Hakmilik: 110510

No. Lot

: Lot 3787 Seksyen 4

Mukim / Daerah / Negeri

: Bandar Butterworth / Seberang Perai Utara / Pulau Pinang

No. Lot

: Lot 4383

Pegangan

: Hakmilik Kekal

Mukim / Daerah / Negeri

: Bandar Tanjong Bungah / Timor Laut / Pulau Pinang

No. Petak/No. Tingkat/ No. Bangunan

Keluasan Tanah

: 2239.0000000000 kaki persegi 208.0000000000 meter persegi : Thamotharan a/l Tharumalingam

Pegangan

: Hakmilik Kekal

No. Petak/No. Tingkat/ No. Bangunan

Pemilik Berdaftar

Syarat Nyata

: (FIRST GRADE) The Land comprised in this tittle: (a)shall not be affected by any provision of the National Land Code limiting the compensation payable on the exercise by the State Authority of a right of access or use conferred by Chapter 3 of Part Three of the code or on the creation of a Land Administrator’s right of way; and (b)subject to the implied condition that land is liable to be re-entered if it is abandoned for more than three years shall revert to the State only if the proprietor for the time being dies without heirs; and the title shall confer the absolute right to all forest produce and to all oil, mineral and other natural deposits on or below the surface of the land (including the right to work or extract any such produce or deposit and remove it beyond the boundaries of the land) : The subject property is presently charged to Public Bank Berhad vide Presentation No. 0799SC2015007378 registered on 12th March 2015. : Tiada

Keluasan Tanah

: 1399.0000000000 kaki persegi 130.0000000000 meter persegi

Pemilik Berdaftar

: Ooi Soo See

Syarat Nyata

: (FIRST GRADE) The Land comprised in this tittle: (a)shall not affected by any provision of the National Land Code limiting the compensation payable on the exercise by the State Authority of a right of access or use conferred by Chapter 3 of Part Three of the Code or on the creation of a Land Administrator’s right of way; and (b)subject to the implied condition that land is liable to be re-entered if it is abandoned for more than three years shall revert to the State only if the proprietor for the time being dies without heirs; and the title shall confer the absolute right to all forest produce and to all oil, mineral and other natural deposits on or below the surface of the land (including the right to work or extract any such produce or deposit and remove it beyond the boundaries of the land).

KUALA LUMPUR: Bintulu Port has officially transitioned from a federal port to a state port under the jurisdiction of the Sarawak government, effective Sept 1. Bintulu Port Holdings Bhd (BPHB) said in a filing with Bursa Malaysia that the transition follows the enactment of two acts – the Declaration of an Area in the Bintulu District to be a Federal Port (Repeal) Act 2024 [Act 858] and the Bintulu Port Authority (Dissolution) Act 2024 [Act 859]. It said Bintulu Port Sdn Bhd’s (BPSB) operation, management and development of Bintulu Port are governed by the heads of agreement dated July 27, entered into between the Sarawak government, Bintulu Port Authority (Sarawak) (BPA Sarawak) and BPSB, pending the execution

Sekatan Kepentingan Bebanan / Lain-Lain

: Tiada

: (i)Charged to Public Bank Berhad

Kawasan Rizab

: :

Kawasan Rizab

Kaveat

Kaveat : LOKASI DAN PERIHAL HARTANAH : Hartanah tersebut adalah A three-storey intermediate terraced house yang beralamat pos di No. 45, Lorong Sungai Kelian 2, 11200, Tanjong Bungah, Pulau Pinang. HARGA RIZAB : Hartanah tersebut akan dijual atas “sepertimana sedia ada” tertakluk kepada satu harga rizab sebanyak RM 874,800.00 (RINGGIT MALAYSIA: LAPAN RATUS TUJUH PULUH EMPAT RIBU LAPAN RATUS SAHAJA) dan kepada syarat-syarat jualan yang dilampirkan. Pembida yang berminat hendaklah mendepositkan 10% daripada harga rizab dalam bentuk Bank Draf di atas nama PUBLIC BANK BERHAD 1 HARI BEKERJA sebelum tarikh lelong awam. Baki harga belian hendaklah dibayar oleh pembida yang berjaya kepada PUBLIC BANK BERHAD dalam tempoh seratus dua puluh (120) hari dari tarikh jualan. Untuk butir-butir selanjutnya, sila berhubung dengan:-

LOKASI DAN PERIHAL HARTANAH : Hartanah tersebut adalah A double storey terraced house yang beralamat pos di No. 18, Lorong Jawa 2, Taman Jawa, 12000, Butterworth, Pulau Pinang. HARGA RIZAB : Hartanah tersebut akan dijual atas “sepertimana sedia ada” tertakluk kepada satu harga rizab sebanyak RM 688,500.00 (RINGGIT MALAYSIA: ENAM RATUS LAPAN PULUH LAPAN RIBU LIMA RATUS SAHAJA) dan kepada syarat-syarat jualan yang dilampirkan. Pembida yang berminat hendaklah mendepositkan 10% daripada harga rizab dalam bentuk Bank Draf di atas nama PUBLIC BANK BERHAD 1 HARI BEKERJA sebelum tarikh lelong awam. Baki harga belian hendaklah dibayar oleh pembida yang berjaya kepada PUBLIC BANK BERHAD dalam tempoh seratus dua puluh (120) hari dari tarikh jualan. Untuk butir-butir selanjutnya, sila berhubung dengan:-

Firma Guaman :

WONG-CHOOI & MOHD NOR

Firma Guaman :

WONG-CHOOI & MOHD NOR

Alamat

NO. 27, 1ST & 2ND FLOOR JALAN MAJU JAYA PUSAT PERNIAGAAN MAJU JAYA, 14000, PG, MY

Alamat

NO. 27, 1ST & 2ND FLOOR JALAN MAJU JAYA PUSAT PERNIAGAAN MAJU JAYA, 14000, PG, MY

No. Telefon

: : :

04-5398855 04-5395855

No. Telefon

: : :

04-5398855 04-5395855

No. Fax

No. Rujukan

WCMN(BM)/PBB-HL/2025-284/TT(RS/j)

No. Rujukan

WCMN(BM)/PBB-HL/2024-281/OSS(RS/j)

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