Latest news with #LCT
New Straits Times
6 days ago
- Business
- New Straits Times
Lotte Chemical Titan rallies to year high in late surge
KUALA LUMPUR: Loss-making Lotte Chemical Titan Holding Bhd (LCT) staged a surprise rally in the final hour of trading, surging more than 16 per cent to hit a new year-to-date high. The stock opened flat at 59.5 sen and remained range-bound for most of the day, before a sharp uptick began just five minutes before 4pm. By 3.55pm, LCT had edged up to 60 sen, then climbed to an intraday high of 71.5 sen, up 12 sen or 16.78 per cent, around 4.32pm. It later eased to 70.5 sen at 4.44pm, still up 15.6 per cent or 11 sen from the previous day's close. LCT emerged as the sixth most actively traded counter during the final trading hour, with nearly 40 million shares exchanging hands, its busiest day in over two months. At 70.5 sen, LCT commanded a market capitalisation of RM1.38 billion. The counter has now gained over 10 per cent year to date, having started the year at 64 sen on Jan 2. This marks the second sharp rally in a week. On July 17, LCT jumped nearly 17 per cent in the morning session, with volume also spiking to a two-month high. The stock eventually settled at 56 sen, up 9.82 per cent for the day. LCT's last major corporate announcement came earlier this month when it disclosed a US$2.99 billion (RM12.69 billion) related-party transaction, a 10-year ethylene supply agreement between two of its Indonesian subsidiaries. For the first quarter ended March 31, 2025, the company posted a narrower net loss of RM125.7 million, a 29 per cent improvement from RM178 million a year earlier, driven by better margins, lower depreciation and a contribution from its associate. However, revenue fell 22 per cent year-on-year to RM1.49 billion, due to lower average selling prices and weaker sales volume. By segment, revenue from olefins and derivatives dipped to RM361.6 million from RM405.3 million, while polyolefin sales fell 25 per cent to RM1.13 billion, largely due to lower volumes and the ringgit's appreciation against the US dollar. As at end-March, LCT's cash and bank balances rose to RM744.7 million from RM467.5 million at end-December. Total borrowings increased to RM9.36 billion, while retained earnings stood at RM1.99 billion.
New Straits Times
17-07-2025
- Business
- New Straits Times
Lotte Chemical Titan jumps 17pct in heavy trade, volume at two-month peak
KUALA LUMPUR: Shares of loss-making Lotte Chemical Titan Holding Bhd (LCT) surged nearly 17 per cent in the morning session, with volume climbing to its highest in almost two months. The petrochemical manufacturer, which specialises in olefins, opened slightly lower at 50 sen before jumping to a morning high of 59 sen, up 16.83 per cent. By the midday break, the stock eased to 57 sen, still up 12.87 per cent or 6.5 sen, with 21.86 million shares traded, its busiest session since May 22. LCT was the fifth most actively traded stock. The company's most recent update was last week, when it announced a related-party transaction valued at US$2.99 billion (RM12.69 billion) involving a 10-year ethylene supply agreement between two of its Indonesian subsidiaries. Year-to-date, the stock has fallen 10.94 per cent from 64 sen. It hit a low of 36 sen on April 9. At 57 sen, LCT's market capitalisation stood at RM1.32 billion. For the first quarter ended March 31, 2025, LCT posted a narrower net loss of RM125.7 million, down 29 per cent from RM178 million a year earlier, supported by improved margins, lower depreciation, and a profit contribution from its associate. Revenue dropped 22 per cent year-on-year to RM1.49 billion from RM1.92 billion, mainly due to lower average selling prices and reduced sales volume. By segment, revenue from olefins and derivatives fell to RM361.6 million from RM405.3 million, while polyolefin sales dropped 25 per cent to RM1.13 billion. The group attributed the decline in polyolefin revenue to lower volumes and the depreciation of the US dollar against the ringgit. As at end-March, LCT's cash and bank balances rose to RM744.7 million from RM467.5 million at end-December. Total borrowings increased to RM9.36 billion from RM8.99 billion, while retained earnings stood at RM1.99 billion.
Forbes
03-07-2025
- Entertainment
- Forbes
Lear deBessonet Makes Her Entrance At Lincoln Center Theater With A Life-Changing Gift
Lincoln Center Theater board chair Kewsong Lee and Kewsong Lee artistic director Lear deBessonet Sometimes a gift does more than support—it ignites. And as visionary theatermaker Lear deBessonet steps into her new leadership role at Lincoln Center Theater, she does so with a new title: Kewsong Lee artistic director. Just yesterday, it was announced that Lincoln Center Theater's board chair, Kewsong Lee, and his wife, Zita Ezpeleta, are funding deBessonet's artistic director role. A former artistic director at Encores!—where she directed Once Upon a Mattress, Into the Woods, and Oliver!—deBessonet has long been devoted to making live theater accessible to all and rooted in community. As she said in her TED Talk, 'When we talk about making the arts accessible to all, it isn't charity. It's how we become whole.' This gift will help her bring that very energy to Lincoln Center Theater, one of the nation's most celebrated nonprofit theaters. deBessonet joins forces with managing director Mike Schleifer, executive producer Bartlett Sher, and a leadership team that includes producer Nicole Kastrinos, executive director of development and planning Naomi Grabel, and LCT3 artistic director and producer Maria Manuela Goyanes. Together—with the support of a dedicated board and a staff of 60—they are guiding Lincoln Center Theater into its next chapter, building on the legacy of André Bishop, who helmed the theater for 33 years. This September, deBessonet will open her inaugural season with a new production of the sweeping musical Ragtime, which she directed last fall at Encores! With a score by Stephen Flaherty, lyrics by Lynn Ahrens and a book by Terrence McNally, Ragtime stars Joshua Henry, Caissie Levy, and Brandon Uranowitz. Also in the works is the Whoopi Monologues. Directed by Whitney White, Kerry Washington, Kara Young, and three other actors will perform monologues written by Whoopi Goldberg for her 1984 Broadway solo show. Add to that a free silent disco listening party for the 'Warriors' album by Lin-Manuel Miranda and Eisa Davis, productions of Kyoto and Amahl and the Night Visitors, a collaboration with Chef Kwame Onwuachi of Tatiana, and an eclectic mix of reading and comedy series. deBessonet says that the leadership gift from Kewsong Lee will impact her life forever. From the moment she met him, she found Lee inspiring and brilliant. 'The depth and insight of Kew's questions are constantly driving us toward more innovative, resilient ideas. And I was exhilarated by the challenge of meeting his big ambitions for Lincoln Center Theater,' she says. 'His invitation to dream allowed me to not just think about success for our organization, but how we can manifest transformational impact in our field and for the city of New York,' adds deBessonet. 'Words can't express the profound impact of an investment like this on an artistic leader's journey, and I know I will be thanking him for the rest of my life.' From Left: Lear deBessonet, Kewsong Lee, Mike Schleifer, and Bartlett Sher Jeryl Brunner: What inspired you to select the musical Ragtime? Lear deBessonet: One of the things I believe Lincoln Center Theater does like no place else is musical revivals of sweeping scale. It felt exciting to build on that legacy, particularly with a show that we hope will create community and appeal to a wonderfully wide audience. In addition to its glorious score, Ragtime holds unique resonance in our time as it explores American history through both an epic and deeply personal lens. Brunner: How do you define your artistic mission at Lincoln Center Theater? And how might that evolve now that you have this foundational support behind you? deBessonet: Our artistic mandate at Lincoln Center Theater is to deliver exceptional theater—theater that is beautiful, transporting, intellectually rigorous, and aesthetically exquisite. Kewsong Lee's bold leadership support gives us a strong foundation and the momentum we need to manifest a vision we hope everyone will want to be part of. Brunner: What inspired you to give the Kewsong Lee Artistic Director gift to Lincoln Center and fund Lear deBessonet's artistic director role? Kewsong Lee: We are at an exciting and important moment for Lincoln Center Theater and our industry. As our next generation of leadership steps up, the question is, how do we celebrate and respect who we are and all that we've accomplished, while pushing forward to evolve given that the environment and broader audience is certainly changing? Moving an organization like Lincoln Center Theater forward certainly takes many moving parts working together. We need amazing people and staff, loyal patrons and guests, a thoughtful and engaged board, and magic on our stages created by our life-blood: talented artists who call us 'home.' And very, very importantly, it absolutely takes gifted leadership and resources, which is why my wife and I are so excited to be supportive of Lear and Lincoln Center Theater. Brunner: How specifically will the gift help Lear and Lincoln Center Theater move forward with this new leadership? Lee: Zita and I believe in the power of live performance and the importance of collective experiences. The magic on our stages over the past 40 years has evoked countless laughs and tears, endless debate and reflection, untold moments of angst and joy, infinite sparks of inspiration and creativity, and truly immeasurable emotions of hope, surprise, and happiness. Collective experiences connect us all. This is what Lincoln Center Theater does. And we are excited in our own way to support this mission. And we hope others join as well. Brunner: This is a unique example of a board chair directly investing in an artist's leadership. How might this model change how we think about supporting arts institutions? Lee: To get to this moment took careful planning and patient commitment. We are blessed to have an amazing and supportive board at Lincoln Center Theater. Several years ago, we articulated a multi-year progression and path forward as the industry emerged from COVID. For us, it began with a year of restoration and engagement, as we reestablished the social fabric at the board and reconnected with our artists and audience while getting our muscle memory going again on our stages. Next, we turned to a year of strategic planning and prioritization, to thoughtfully make important institutional and organizational decisions. Then, this past season was all about a year of transition and celebration of our beloved André [Bishop] and our 40th anniversary. Which brings us to the present—our next chapter begins as this board and new leadership takes us forward. The Vivian Beaumont and Claire Tow theaters
GMA Network
02-07-2025
- General
- GMA Network
PCG: 6 Pinoy seafarers rescued after landing craft sinks off Romblon
Six Filipino crew members of Landing Craft Tank (LCT) San Juan Bautista are safe after the vessel sank in the waters between Romblon and Sibuyan Island last Monday, June 30, the Philippine Coast Guard (PCG) said on Wednesday. The PCG said the Filipino crew members were rescued at around 12:40 a.m. and were in good condition. The LCT San Juan Bautista had a cargo of 2,500 liters of marine diesel when it departed from Guihulngan Port, Negros Oriental on Saturday, June 28 bound for drydocking in Navotas City, the PCG said. The Coast Guard District Southern Tagalog (CGDSTL), however, assured that the risk of environmental damage caused by the sunken vessel is low. 'Based on the PCG's initial assessment, the risk of environmental damage in Southern Tagalog is low since the fuel is a light petroleum product that should dissipate quickly. The estimated 360-foot depth minimizes coral reef impact, and natural processes like dispersion and biodegradation further reduce the likelihood of significant shoreline or marine ecosystem damage,' CGDSTL said in a statement. Further, CGDSTL said the sea remains clear based on the aerial surveillance conducted at around 6:30 a.m. on Tuesday. 'We have alerted local fisherfolk and coastal barangays and, together with the LGU of Romblon and the DENR, we have conducted coastal security and seaborne patrols to monitor traces of oil sheens. As we speak, no foul odor was detected along the coastline and nearby waters,' the CGDSTL added. —Vince Angelo Ferreras/RF, GMA Integrated News
Canberra Times
25-06-2025
- Automotive
- Canberra Times
CarExpert Choice winner: Best Luxury EV
The base eDrive35 also slides under the Luxury Car Tax (LCT) threshold for fuel-efficient vehicles, making it exempt from Fringe Benefits Tax (FBT) if you buy one through a novated lease. It also has plenty of grunt, though you can step up to more powerful eDrive40 and hot M50 variants if you so desire.
