News List

PETRONAS ramps up efforts to strengthen footprint in India

KUALA LUMPUR, Nov 21 -- Malaysia’s national oil company PETRONAS is accelerating efforts to strengthen its business footprint in India by providing more innovative, tailor-made solutions that add value to the country’s energy aspirations.

Hibiscus Petroleum to undertake fundraising, reports sharp drop in Q1 earnings

KUALA LUMPUR, Nov 21 -- Hibiscus Petroleum Bhd is expected to undertake fundraising activities over the next six months as it gears up to acquire more producing assets, especially in Southeast Asia.

Petra Energy returns to black with net profit of RM25.04 mln in Q3

KUALA LUMPUR, Nov 21-- Petra Energy Bhd returned to profitability with a net profit of RM25.04 million in the third quarter (Q3) ended Sept 30, 2019 against a net loss of RM26.97 million in the same period last year.

Sarawak sues Petronas over state sales tax

KUCHING, Nov 21 -- A writ of summons and statement of claim were filed today by the Sarawak Comptroller of the State Sales Tax and the state government against Petronas at the High Court registry here.

Teo Seng to invest RM13 million for solar PV system

KUALA LUMPUR, Nov 21 -- Egg producer Teo Seng Capital Bhd has set aside a capital expenditure of RM13 million for the installation of a solar photovoltaic (PV) system across its chicken farms and factories in Johor.

MPI in talks with MoF to set up biodiesel stabilisation fund

KUALA LUMPUR, Nov 21 -- The Ministry of Primary Industries is currently in talks with the Ministry of Finance (MoF) to set up a biodiesel stabilisation fund and has proposed that three per cent of the windfall tax imposed on palm oil exporters be refunded and channelled back to the fund.

Petronas Gas Q3 net profit falls 13.64 pct to RM431.59 mln

KUALA LUMPUR, Nov 21  -- Petronas Gas Bhd’s net profit for the third quarter slipped 13.64 per cent to RM431.59 million from RM499.81 million in the last corresponding quarter amid lower revenue and higher repair and maintenance costs.

25 auto gas detectors installed in Pasir Gudang industrial area

ISKANDAR PUTERI, Nov 19  -- A total of 25 automatic gas detectors called Photo-Ionised Detectors (PID) will be installed in the industrial area of Pasir Gudang for air quality monitoring purposes, said Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin.

India will always be dependent on Malaysia for palm oil - expert

KUALA LUMPUR, Nov 19  -- India will always be dependent on Malaysia for palm oil, as it is the cheapest edible oil in the world.

Dr M launches MPOB's technology for oil palm phenolics

KUALA LUMPUR, Nov 19 -- Prime Minister Tun Dr Mahathir Mohamad today launched Malaysian Palm Oil Board (MPOB)’s world-class technology for harnessing oil palm phenolics.