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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.

GITA & Income Tax Exemption up to 10 years for solar leasing activities

KUALA LUMPUR, Oct 11  --  Companies undertaking solar leasing activities will be given the Green Investment Tax Allowance (GITA) and Income Tax Exemption of up to 10 years under Budget 2020, said Finance Minister Lim Guan Eng.

McDonald's sets aside RM60 mln for green initiatives

KUALA LUMPUR, Oct 11 (Bernama) – McDonald’s Malaysia has set aside RM60 million to procure energy efficient (EE) and renewable energy (RE) equipment for its 200 restaurants over the next five years.

Petronas-related stocks higher after successful bid in Brazil

KUALA LUMPUR, Oct 11 -- Petroliam Nasional Bhd (Petronas) -related stocks traded higher on the local bourse following its success in bagging three exploration blocks during Brazil’s exploration blocks bid round held at Rio de Janeiro yesterday.

Seoul wins C40 cities awards for renewable energy project

SEOUL, Oct 11 -- The Seoul metropolitan government has won an international award for its renewable energy project as a measure to address climate change, Yonhap news agency reported, quoting city officials as saying Friday.