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Schneider Electric donates 1,000 portable solar lamps to PMI for Palu

Global energy management company Schneider Electric has distributed 1,000 portable light-emitting diode (LED) lamps that uses solar energy to disaster-affected areas in Central Sulawesi, it has said in a statement received on Tuesday. Schneider Electric Indonesia said the Mobiya portable lamps could store electricity and be used for up to 48 hours. The statement said […]

PM: China to import 500,000 tonnes more palm oil from Malaysia

KUALA LUMPUR (Oct 15): China has expressed its intention to buy another 500,000 tonnes of palm oil from Malaysia provided the prices are competitive, Prime Minister Tun Dr Mahathir Mohamad says today. This follows his official visit to China in August, he added. “China has stated that it is prepared to import an additional 500,000 […]

Analysis: Malaysia’s Petronas gears up for new investment cycle

RAPID refinery completion will free MYR15-20 billion/year capex Oil price rebound allows Petronas to start new investment cycle Petronas spends MYR30 billion/year just to maintain reserves. Singapore — Malaysia’s national oil company Petronas is poised for its next wave of investments, in line with the recent final investment decision on the LNG Canada project, as […]

RAM rates world’s first UN SGD sukuk issued by HSBC Amanah Malaysia

KUALA LUMPUR: RAM Ratings has rated the world’s first United Nations (UN) Sustainable Development Goals (SDG) sukuk issued by HSBC Amanah Malaysia Bhd. The sukuk is under the bank’s RM3bil multi-currency sukuk programme (2012/2032) which carries an AAA/stable rating. “This global first by HSBC Amanah puts Malaysia again on the sustainable finance world map,” says […]

Sarawak to model mega dam management after Canada, CM says

  KUCHING, Oct 7 — Sarawak will be taking Canada as a model in the management and governance of its mega dams and water usage, Chief Minister Datuk Patinggi Abang Johari Openg said today. He said Canada, in particular the province of Ontario, has a long history and reputation of hydro power generation with the […]

Malaysia to pick experts for EU panel on land usage for palm oil

KUALA LUMPUR: Malaysia has agreed to appoint experts to be part of the European Commission’s panel which will look into indirect land use, which is crucial to avert discrimination by the EU countries. Primary Industries Minister Teresa Kok said on Sunday the experts would sit in the EC’s expert panel on indirect land use change […]

Malaysia new car available in 2020

Malaysia is making a big push into developing “disruptive technology-driven” vehicles for global markets, with its maiden model expected to hit the market in two years’ time. The model is under the new national car project (NNCP) mooted by Prime Minister Tun Dr. Mahathir Mohamad. Its prototype is expected to be rolled out early next […]

Solar power in-a-box launches in Malaysia

A solar solution that can be installed in a day has launched in Malaysia, a country that aims to produce 20 per cent of its energy from renewable sources by 2025. In 1996, coal only represented 8 per cent of Malaysia’s electricity generation mix. Fast forward 20 years, coal’s share has risen to 42.5 per cent. […]

3,000 charging stations for EVs by end 2019

KUALA LUMPUR: About 3,000 charging stations for electric vehicles (EVs) will be set up by the end of next year nationwide to cater for the rising interest in EVs. BMW Group head of product management Dr Alexander Kotouc said BMW Malaysia aims to leverage on plans by Green Technology Malaysia Corporation (Green Technology) and Tenaga […]

Malaysia’s Tenaga Nasional in talks to increase stake in green energy firms

Tenaga Nasional Bhd, the most valuable listed utility company in emerging Asia, is looking to sell its gas-fired power plant in Pakistan as it pushes forward with a plan to rely more on renewable sources of energy. Malaysia’s state-owned electricity producer wants to reduce reliance on fossil fuel, which accounts for about 70 percent of […]