News List

TNB denies receiving government instructions to increase rates by 30 percent

MELAKA, May 29 (Bernama) -- Tenaga Nasional Berhad (TNB) today denied a message that went viral on social media that its board of directors has received government orders to raise electricity tariffs by 30 percent.


Velesto Energy expects stronger earnings in H2

KUALA LUMPUR, May 29 (Bernama) — Velesto Energy Bhd expects to record stronger earnings in the second half (H2) of this year, leveraging on a better utilisation of its jack up rigs.


Rise in electricity bill issue to be raised in cabinet

PUTRAJAYA, May 28 (Bernama) -- The issue on the significant rise in electricity bill and public outcry on the matter will be taken to the Cabinet meeting tomorrow said Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail.


Energy Commission ordered to investigate high electricity bill

PUTRAJAYA, May 28 (Bernama) -- The Ministry of Energy, Science, Technology, Environment and Climatic Change (MESTECC) has instructed the Energy Commission (EC) to investigate the high electricity bill imposed by Tenaga Nasional Bhd (TNB).


Petronas Gas posts higher Q1 earnings, approves 16 sen dividend

KUALA LUMPUR, May 28 (Bernama) -- Petronas Gas Bhd’s (PetGas) net profit rose to RM515.46 million in its first quarter ended March 31, 2019, against RM483.22 million a year earlier due to unrealised foreign exchange (forex) gain and higher share of profit from a joint-venture company. 


CCM PGW1 plant to be fully operational by Q3

KUALA LUMPUR, May 28 (Bernama) -- Chemical Company of Malaysia Bhd (CCM) will be reactivating and operating its Pasir Gudang Plant 1 (PGW1) by the third quarter of this year (Q3 2019) with a 50 per cent increase in capacity.


Scomi Group proposes corporate exercises to boost financial position

KUALA LUMPUR, May 27 (Bernama) -- Scomi Group Bhd (SGB) plans to undertake a series of corporate exercises, including a share capital reduction, a four-for-one share consolidation and a rights issue of shares with warrants, to put it on a firmer financial footing.


Hibiscus Petroleum records lower earnings in Q3

KUALA LUMPUR, May 27 (Bernama) -- Hibiscus Petroleum Bhd's earnings fell by a third to RM55.18 million in the third quarter (Q3) ended March 31, 2019, from RM83.14 million a year earlier as after-tax profit from its North Sabah asset fell by more than half.


Malakoff posts higher Q1 net profit of RM67 million

KUALA LUMPUR, May 27 (Bernama) -- Malakoff Corporation Bhd's net profit rose to RM67.0 million for the first quarter ended March 31, 2019 (Q1 2019) from RM52.91 million in the same period last year.


Sarawak launches ASEAN's first integrated hydrogen production plant

KUCHING, May 27 (Bernama) -- Sarawak is poised to become a world exporter of hydrogen following the launch of Southeast Asia’s first integrated hydrogen production plant and refuelling station here today.




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