Good ecosystem crucial to complement electric car initiative : MAA
KUALA LUMPUR (Nov 21): The Malaysian Automotive Association (MAA) hopes the government will give more focus on developing an environmentally-friendly ecosystem for electric car vehicles, which is one of the focal points of the automotive industry moving forward. President Datuk Aishah Ahmad said among the necessities in the ecosystem that should be built to complement […]
Malaysia to tender 500MW of solar projects in January 2019
The projects, worth $477m, are an addition to the projects that will produce 958MW by 2020. Malaysia will tender $477m of solar projects with a capacity of 500MW through its Large Scale Solar (LSS) Programme 3 in January 2019. Minister Yeo Bee Yin shared that the projects are part of the ongoing LSS projects that […]
Amid oil price scare, minister says Malaysia not too dependent on crude revenue
KUALA LUMPUR, Nov 16 — Minister of Finance Lim Guan Eng insisted today that Putrajaya’s finances will not be affected if oil prices drop. This comes amid concerns over the commodity’s near-term prospects as uncertainties dog the global economic outlook for next year. Oil accounts for up to 14 per cent of next year’s Budget […]
Singapore shares slip as oil tumbles, Malaysia edges up
Weak crude oil prices weigh on rig-builders, petroleum services firms KUALA LUMPUR (Nikkei Markets) — Singapore shares fell Wednesday as investors grappled with lower crude oil prices that weighed on rigbuilders and other firms servicing the industry in a broadly weak market. Malaysia eked out tiny gain. The Straits Times Index closed down 0.3% at […]
Malaysian oil and gas products, services tap into Middle East market
This year is MATRADE’s fifth participation in the annual oil and gas exhibition. MATRADE has continued to create greater awareness and visibility on Malaysia’s capabilities and expertise in providing world class oil and gas products and services through participation in Adipec 2018. This year is MATRADE’s fifth participation in the annual oil and gas exhibition […]
Renewable energy TNB’s way to tackle escalating cost
KUALA LUMPUR: The Energy, Science, Technology, Environment and Climate Change Ministry is targeting to grow renewable energy’s (RE) proportion of generation mix from the current two per cent to 20% by 2025-2030. This bodes well with the electricity supply industry (ESI), now grappling with the escalating global coal price. Eventually, this new target might allow […]
Indonesia and Malaysia sidesteps EU’s trade curb
KUALA LUMPUR: Malaysia and Indonesia are not participating in the EU’s Indirect Land Use Change (ILUC) Workshop related to biofuels in Brussels, Belgium. In a statement on Thursday, the Council of Palm Oil Producing Countries (CPOPC) explained that it was because of the likelihood of the EU using the ILUC’s land use criteria to justify […]
Customers always come first for TNB
KUALA LUMPUR (Nov 9): Malaysia leapt nine places to 15th spot from 24th previously among 190 economies worldwide in the World Bank’s “Doing Business 2019 Report” last week, a resounding testimony of the ongoing reforms in the country. Malaysia’s reforms in the past year covering six areas, including securing electricity, resulted in the dramatic jump […]
Push for O&G firms to diversify
KUALA LUMPUR: There may be no chance for Malaysian oil & gas (O&G) firms to rest on their laurels given the anticipated demand preference policy activism towards green energy and renewables, which will eventually result in lower fossil fuel consumption. “There is a lot of debate about how to fuel the future moving forward,” said […]
Sapura Energy expects to be profitable by FY20
KUALA LUMPUR: Sapura Energy Bhd is upbeat about returning to the black in the financial year ending January 31, 2020 fuelled by increasing orderbook, reduction in annual interest debt and higher oil and gas (O&G) production. Its president and group chief executive officer Tan Sri Shahril Shamsuddin said the company could secure more contracts in […]