News List

Petronas to continue pushing for gas usage in future

KUALA LUMPUR, Nov 7 (Bernama) -- Petroliam Nasional Bhd (Petronas) will continue to push the use of gas as a cleaner source of fuel, compared with solid and liquid fuels.

Over RM197 mln in arrears to electricity supply trust account 

KUALA LUMPUR, Nov 7 -- The Energy, Science, Technology, Environment and Climate Change Ministry (MESTECC) has yet to receive  RM197.9 million in arrears into the  Electricity Supply Industries Trust Account (AAIBE) from the Independent Power Producers (IPPs) for the period 2008 to 2018.

Sustainability is the way forward for palm oil

KRABI, Nov 7– The full adherence to sustainability by palm oil-producing countries is the only way forward for the industry to play its part in tackling climate change, said United Plantations Bhd (UP) chief executive director, Datuk Carl Bek-Nielsen.

TNB seals agreements on its proposed internal revamp

KUALA LUMPUR, Nov 6  --  Tenaga Nasional Bhd's (TNB) has entered into agreements for its proposed internal reorganisation involving the transfer of its domestic power generation and electricity retail businesses into two new units, GenCo and RetailCo respectively.

Petronas emphasises sustainable practice 

KUALA LUMPUR, Nov 6  -- Petroliam Nasional Bhd (Petronas) says it puts a strong emphasis on its sustainable practice as part of its responsibility to its stakeholders. 

Petronas to collaborate with Bank Muamalat on VFP

KUALA LUMPUR, Nov 6 -- Petroliam Nasional Bhd (Petronas) is to collaborate with Bank Muamalat Malaysia Bhd (Bank Muamalat) to offer financing to Petronas’ Oil and Gas Service Equipment (OGSE) and Small and Medium Enterprises (SME) vendors under the Vendor Financing Programme (VFP).

MARA Corp defends MoU with Lynas Malaysia

KUALA LUMPUR, Nov 6 -- MARA Corporation has strongly defended the Memorandum of Understanding (MoU) it signed with Lynas Malaysia Sdn Bhd for collaboration on several projects, including attracting downstream industries and downstream customers to Malaysia.

Investors urged to consider supporting the biogas industry

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Nov 5 -- Malaysian Bioeconomy Development Corporation Sdn Bhd (Bioeconomy Corp) is calling on all private and institutional investors, including angels and venture capitalists, to consider investing in the biotechnology sector, in particular the biogas industry, as it moves towards achieving sustainable development goals while contributing to the circular economy.

Lynas: Australia wants conditions dropped

Exclusive report by LINDA KHOO HUI LI

BANGKOK, Nov 4  -- The Australian government is hoping that Malaysia will drop conditions imposed on rare earth company Lynas Malaysia Sdn Bhd operating in Gebeng, Kuantan.

Sarawak issues Notice of Assessment to Petronas

KUCHING, Nov 4 – Sarawak has issued a Notice of Assessment to Petronas seeking payment of the State Sales Tax (SST) on petroleum products, saying failure to do so will result in legal action.