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 […]

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 […]

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 […]

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 […]