KUALA LUMPUR (Oct 17): Sustainable Energy Development Authority (SEDA) Malaysia signed a total of three memorandums of understanding (MoU) involving the Asian Development Bank (ADB), the Japanese Business Alliance for Smart Energy Worldwide (JASE-W) and APX Inc today. Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin said under the the MoU with […]

KUALA LUMPUR: The government will be introducing building energy intensity (BEI) labelling for buildings as part of its efforts to promote voluntary adoption of energy efficiency in the building sector. It is likely to start with government buildings for starters. The initiative will be launched at the energy efficiency town hall session to be held […]

KUALA LUMPUR (Oct 17): Gas Malaysia Bhd announced today the successful commissioning of its second gas engine co-generation plant operated with its joint venture partner Tokyo Gas Engineering Solutions Corp. The joint venture company, Gas Malaysia Energy Advance Sdn Bhd (GMEA), is owned 66% by Gas Malaysia and 34% by Tokyo Gas. In a stock […]

KUALA LUMPUR: Malaysian biodiesel production is likely to hit record levels this year and next, with 2018 exports on track to double from 2017, pushed up as higher oil prices boost the appeal of biofuels, the head of an industry association said on Wednesday. The Southeast Asian nation is the world’s No.2 producer of palm […]

KUALA LUMPUR (Oct 17): Malaysia maintained its export tax on crude palm oil for November at zero percent, according to a circular on the Malaysian Palm Oil Board’s website on Wednesday, citing the national customs department. The export tax was at zero percent in October. Malaysia is the world’s second-largest producer of palm oil. The […]

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 […]

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 […]

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 […]

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 […]

  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 […]