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Sarawak's Petroleum tax payment: We are still negotiating, says Petronas

KUCHING, Nov 15 -- Petroliam Nasional Bhd (Petronas) is still negotiating with Sarawak government with regard to payment of the five per cent petroleum products sales tax that it owes to the state, said its chairman Datuk Ahmad Nizam Salleh.

Gas Malaysia Q3 net profit up on higher natural gas volume, tariff

KUALA LUMPUR, Nov 14 -- Gas Malaysia Bhd’s net profit rose to RM46.48 million in the third quarter ended Sept 30, 2019 (Q3) from RM41.42 million recorded in the same quarter last year.

Solarvest's IPO oversubscribed by 35 times

KUALA LUMPUR, Nov 14 -- Solarvest Holdings Bhd, which is slated for a listing on Bursa Malaysia's ACE Market on Nov 26, today announced that the public portion of its initial public offering (IPO) has been oversubscribed by 35 times.

Startups must look beyond information technology - Serba Dinamik founder

KUALA LUMPUR, Nov 14 -- Serba Dinamik group managing director and group chief executive director Datuk Dr Mohd Abdul Karim Abdullah has called for a change of mindset among startups, urging them to look beyond information technology (IT) as their preferred business choice.

Malaysia partners 2 international supply chain managers for palm oil export

PUTRAJAYA, Nov 14 -- Malaysia strikes key palm oil partnership deals with two major supply chain managers in the United Arab Emirates (UAE) and China to facilitate greater palm oil penetration in China, India and the Indian sub-continent.

108 local companies benefitted from Petronas' VDP program as of Oct this year

KUALA LUMPUR, Nov 13 -- A total of 108 local companies have benefited from the Petronas’ Vendor Development Program (VDP) with approximately RM9 billion worth of contracts as of October this year.

Petrol companies encouraged to sell products below government prices

PUTRAJAYA, Nov 12 -- Petroleum products can be retailed below the government stipulated prices as competition among petroleum companies, said Domestic Trade, Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail.

Petronas continues to support development of oil & gas talent

KUALA LUMPUR, Nov 12 -- Petronas has introduced a new apprenticeship programme for local semi-skilled oil and gas workers in partnership with the Construction Industry Development Board (CIDB) and participating Oil & Gas Services & Equipment (OGSE) contractors.

MEA to conduct study on blue economy next year -- Azmin

KUALA LUMPUR, Nov 11  -- The Ministry of Economic Affairs (MEA) will be conducting a feasibility study on blue economy next year.

55 pct of nation's oil palm plantation MSPO-certified

PONTIAN, Nov 11 -- About 55 per cent or 3.19 million hectares (ha) of oil palm plantations in Malaysia have received the Malaysian Sustainable Palm Oil (MSPO) certification as of Sept 30, said Primary Industries Minister Teresa Kok.