News List

R&D push by govt comes at bearish time for oil & gas industry

KUALA LUMPUR, Oct 15 – The research and development (R&D) push by the government comes at a time when the global oil and gas (O&G) industry is bracing for a bearish year in 2020, as supply and demand balances show persistent surpluses against a slowing global economy, Malaysia Petroleum Resources Corporation said.

MIDA makes strong pitch for O&G industry at Amsterdam's Offshore Energy 2019

Exclusive report by Manik Mehta

FRANKFURT, Oct 15 (Bernama) -- The Frankfurt office of the Malaysia Investment Development Authority (MIDA), participated in the Offshore Energy 2019 in Amsterdam, an exhibition-cum-conference on the oil and gas sector.

Petronas expands customer base with 3rd LNG break bulking STS transfer

KUALA LUMPUR, Oct 14 -- Petroliam Nasional Bhd’s (Petronas) subsidiary, Petronas LNG Ltd (PLL), recently completed its third successful delivery of liquefied natural gas (LNG) cargo through its break bulking ship-to-ship (STS) transfer to two buyers.

Interest of doing business among international business people still strong

KUALA LUMPUR, Oct 13  -- The global economic growth is showing signs of slowing down but the interests of doing business among international business people are as strong as ever.

Saifuddin hopes fuel subsidy for B40, M40 to be implemented simultaneously

The Ministry of Domestic Trade and Consumer Affairs hopes the targeted fuel subsidy programme (PSP) for recipients of the cost of living aid (BSH) or B40 will be implemented simultaneously with those from the middle income group (M40) category, beginning January next year.

TNB order to fence in fire site in Pandan Jaya

Tenaga Nasional Berhad (TNB) has been directed to fence in the squatter area in Pandan Jaya here which have caught fire several times so as to ensure that no new squatter homes are built.

Grundfos continues to put sustainability at the forefront of its business

By Voon Miaw Ping

BJERRINGBRO (Denmark), Oct 13  -- Renowned giant pump manufacturer and water solutions technology company Grundfos will continue to put sustainability as its core business, and innovate and develop state-of-the-art water solutions in addressing issues such as water scarcity and climate crisis.

Ministry to gather data on M40 recipients of petrol subsidy

KULIM, Oct 12  -- The government will gather the necessary data to determine the number of people in the M40 group eligible for the targeted Petrol Subsidy Programme (PSP) as announced in the 2020 Budget yesterday.

Budget2020: petrol subsidy extended to M40 group

The government has decided to include the M40 income group under the Petroleum Subsidy Programme (PSP) in Budget 2020, as opposed to only recipients of the Cost of Living Aid (BSH) announced previously.

2020 Budget assumes a more realistic oil price - OCBC

KUALA LUMPUR, Oct 11  -- The 2020 Budget has assumed a much more realistic Brent crude price of US$62 per barrel, compared to US$72 previously, said OCBC Bank (Malaysia) Bhd.