Oil & gas giant sees technical gains from New Zealand project KUALA LUMPUR, MALAYSIA – Media OutReach – November 26, 2018 – Sapura Energy Bhd’s foray into New Zealand earlier this year could be the catalyst, not just for economic growth for the country, but also significant technical collaboration involving Sapura Energy, one of the biggest integrated oil […]

KUALA LUMPUR – Yeo Bee Yin  set a record in Parliament for the fastest ministerial replies. The Minister of Energy, Green Technology, Science, Climate Change and Environment took nine minutes to reply to questions raised by Datuk Seri Dr Wee Ka Siong (BN-Ayer Hitam) and Steven Choong Shiau Yoon (PH-Tebrau) on electricity tariffs imposed on […]

KUALA LUMPUR (Nov 21): The Government will study proposals to standardise the electricity tariffs for school and Government buildings, said Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin. She said electricity rates were now determined every three years, with the rates in Peninsular Malaysia using the Incentive-Based Regulation (IBR) mechanism. She said […]

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 […]

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 […]

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 […]

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 […]

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 […]

KUCHING: The Sarawak government is still waiting for consent from the Ministry of Education (MoE) in Putrajaya to implement electricity connections to 113 schools in Sarawak. Assistant Minister of Education, Science and Technological Research Dr Annuar Rapaee said although the ministry had replied to their letter, their consent had not been given. He said the […]

Analysts see downside risks to the oil price rally even in 2019. The Malaysian government has expressed plans to narrow their YoY budget deficit from 3.7% to 3.4% next year. However, analysts at Fitch Solutions stated that their forecasts remain at 3.7% as they dread that the country’s continued dependence on oil revenues pose risks […]