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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.

MSPO certification extremely crucial for consumers, says French Ambassador

An exclusive report by Nur Ashikin Abdul Aziz

KUALA LUMPUR, Oct 11 -- The Malaysian Sustainable Palm Oil (MSPO) certification is important to regain consumers' trust, including those in the EU, regarding the environmentally-friendly qualities and sustainability of palm oil and its production chain.

Petronas wins three exploration blocks in Brazil bid round

KUALA LUMPUR, Oct 11 -- National oil and gas giant, Petronas through its subsidiary, Petronas Petróleo Brasil Ltda (PPBL) has won three exploration blocks during Brazil’s exploration blocks bid round held at Rio de Janeiro, Brazil yesterday.

Cypark teams up with MBI Kedah & NS Corp to expand RE market

KUALA LUMPUR, Oct 10  -- Cypark Resources Bhd has entered into two Memorandum of Business Collaborations (MoBC) with Menteri Besar Kedah Incorporated (MBI Kedah) and Negeri Sembilan Corporation (NS Corp) to expand its renewable energy (RE) market growth through the government-promoted net energy metering (NEM) and potential of the Peer to Peer (P2P) initiative.

Merchang Solar Power Plant supplies electricity to 30,000 households

MARANG, Oct 10  -- The 50-megawatt Merchang Solar Power Plant here is capable of supplying electricity to 30,000 households.