Analysis: Malaysia’s palm oil producers adjust to labour shortages, higher recruitment costs
KUALA LUMPUR, Dec 10 (Reuters) – Malaysia’s palm oil producers are racing to adjust to an acute shortage of workers due to the coronavirus and sharply higher costs of recruitment as they make changes in response to accusations of forced labour.
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 […]
Anticipating the future to avoid sudden shocks with ICPT implementations
With the ICPT mechanism, govt can manage fuel price fluctuations should situations where fuel prices go sky-high or rock bottom occur Over the past three months, some Malaysians may have been cautiously smiling on the quiet when crude oil prices surged past the US$80 (RM336) a barrel mark. Their elation could have stemmed from their […]
APEC Senior Officials: Ensure more inclusive growth
AT THE Asia-Pacific Economic Cooperation (APEC) Informal Senior Officials’ Meeting in Langkawi, senior officials deliberated the forum’s policy agenda for the incoming year, marked by strategies that emphasize inclusion as much as growth. “APEC 2020 will focus on redefining the role of trade and investment from one that is solely for wealth creation to one […]
Aramco IPO: It’s a Thanks, but No Thanks From Malaysia’s Petronas
KUALA LUMPUR/LONDON — With Saudi Aramco yet to name any major foreign investors in its upcoming share sale, Malaysia’s state energy company Petronas [PETR.UL] decided to take a pass on Friday. Expectations that Aramco customers and allies around the world would take significant stakes in the company have so far not materialized, with the listing […]
Argentina announces $2.3 bln joint shale oil project with Malaysia’s Petronas
Argentina’s state-controlled energy company YPF and Malaysia’s Petronas are forming a joint venture to invest $2.3 billion over the next four years in the country’s Vaca Muerta shale oil fields, the president’s office announced on Tuesday. State-owned Petronas will have an equal stake in the project through its subsidiary Petronas E&P Argentina SA, the presidency […]
Argentina seeks JV, cooperation with Malaysia on renewable, nuclear energy
KUALA LUMPUR: Argentina is seeking joint venture and cooperation with Malaysia in the field of renewable energy and the peaceful use of nuclear energy, said Vice President Gabriela Michetti (pix). She said Argentina saw great potential in renewable energy, such as wind and solar power, and has made large investments in the sector in the […]
Asia Gas Hub seeks to start gas exchange in Malaysia, says move could provide jobs, income, cleaner energy
Asia Gas Hub, an energy market solutions provider, is ready to turn Malaysia into a centre for gas trade in the Asia-Pacific by facilitating the creation of a natural gas exchange in the country. The company’s chief executive officer, Faris Mustaffa, said the region is yet to have a central hub for gas trade despite […]
Asia’s first smart city proof of concept set for launch
One of Asia’s first smart city Proof of Concept is set to be launched in the Cyberjaya area in Malaysia this February. The concept will be launched by technology company NTT Group in partnership with the Japanese Ministry of Internal Affairs and Communications, the US City of Las Vegas and Telephone Corporation. The concept has […]